Air Lease Corporation (AL) financial statements (2022 and earlier)

Company profile

Business Address 2000 AVENUE OF THE STARS
LOS ANGELES, CA 90067
State of Incorp. DE
Fiscal Year End December 31
SIC 7359 - Equipment Rental and Leasing, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,0871,734317300292275157
Cash and cash equivalents1,0871,734317300292275157
Restricted cash and investments22242123161617
Total current assets:1,1081,758338323308291173
Noncurrent Assets
Property, plant and equipment   17,98515,10013,59812,027
Total noncurrent assets:   17,98515,10013,59812,027
Other undisclosed assets25,86023,45721,37117320687155
TOTAL ASSETS:26,96925,21521,70918,48215,61413,97612,355
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt1,013916749    
Deferred income tax liabilities1,013916749
Total noncurrent liabilities:1,013916749    
Other undisclosed liabilities18,94718,22615,33613,67511,48710,5939,335
Total liabilities:19,96019,14316,08613,67511,48710,5939,335
Stockholders' equity
Stockholders' equity attributable to parent, including:7,0096,0725,6244,8074,1273,3823,020
Preferred stock000    
Additional paid in capital3,3992,7932,7782,4742,2602,2382,227
Accumulated other comprehensive income (loss)(2)0(1)    
Retained earnings3,6103,2782,8462,3321,8661,143792
Other undisclosed stockholders' equity attributable to parent1111111
Total stockholders' equity:7,0096,0725,6244,8074,1273,3823,020
TOTAL LIABILITIES AND EQUITY:26,96925,21521,70918,48215,61413,97612,355

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues2,0882,0152,0171,6801,5161,4191,223
Revenue, net1,4511,3391,175
Operating lease, lease income2,0031,9471,917
Operating leases, income statement, lease revenue1,631
Cost of revenue
(Cost of Goods and Services Sold)
   (582)(508)(453)(398)
Gross profit:2,0882,0152,0171,0981,008966825
Operating expenses(1,547)(1,369)(1,281)(1,040)(907)(839)(830)
Operating income (loss):54164773658101128(5)
Interest and debt expense(513)(475)(434)(343)(287)(286)(266)
Other undisclosed income from continuing operations before equity method investments, income taxes      664
Income (loss) from continuing operations before equity method investments, income taxes:28172302(285)(186)(159)393
Other undisclosed income from continuing operations before income taxes513475434925796739 
Income from continuing operations before income taxes:541647736640610580393
Income tax expense (benefit)(104)(130)(149)(129)147(205)(140)
Net income attributable to parent:437516587511756375253
Preferred stock dividends and other adjustments(28)(15)(12)    
Net income available to common stockholders, basic:408501575511756375253
Interest on convertible debt   6666
Net income available to common stockholders, diluted:408501575517762381259

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:437516587511756375253
Other comprehensive loss(2)      
Comprehensive income:434516587511756375253
Other undisclosed comprehensive loss, net of tax, attributable to parent(28)(14)(13)    
Comprehensive income, net of tax, attributable to parent:406503574511756375253

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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