Air Lease Corporation (AL) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,734317300292275157283
Cash and cash equivalents1,734317300292275157283
Restricted cash and investments2421231616177
Total current assets:1,758338323308291173290
Noncurrent Assets
Property, plant and equipment  17,98515,10013,59812,0279,832
Total noncurrent assets:  17,98515,10013,59812,0279,832
Other undisclosed assets23,45721,37117320687155652
TOTAL ASSETS:25,21521,70918,48215,61413,97612,35510,775
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt916749     
Deferred income tax liabilities916749
Total noncurrent liabilities:916749     
Other undisclosed liabilities18,22615,33613,67511,48710,5939,3358,003
Total liabilities:19,14316,08613,67511,48710,5939,3358,003
Stockholders' equity
Stockholders' equity attributable to parent, including:6,0725,6244,8074,1273,3823,0202,772
Preferred stock00     
Additional paid in capital2,7932,7782,4742,2602,2382,2272,215
Accumulated other comprehensive income (loss)0(1)     
Retained earnings3,2782,8462,3321,8661,143792556
Other undisclosed stockholders' equity attributable to parent1111111
Total stockholders' equity:6,0725,6244,8074,1273,3823,0202,772
TOTAL LIABILITIES AND EQUITY:25,21521,70918,48215,61413,97612,35510,775

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues2,0152,0171,6801,5161,4191,2231,050
Revenue, net1,4511,3391,175991
Operating lease, lease income1,9471,917
Operating leases, income statement, lease revenue1,631
Cost of revenue
(Cost of Goods and Services Sold)
  (582)(508)(453)(398)(337)
Gross profit:2,0152,0171,0981,008966825714
Operating expenses(1,369)(1,281)(1,040)(907)(839)(830)(656)
Operating income (loss):64773658101128(5)58
Interest and debt expense(475)(434)(343)(287)(286)(266)(221)
Other undisclosed income from continuing operations before equity method investments, income taxes     664557
Income (loss) from continuing operations before equity method investments, income taxes:172302(285)(186)(159)393395
Other undisclosed income from continuing operations before income taxes475434925796739  
Income from continuing operations before income taxes:647736640610580393395
Income tax expense (benefit)(130)(149)(129)147(205)(140)(139)
Net income attributable to parent:516587511756375253256
Preferred stock dividends and other adjustments(15)(12)     
Net income available to common stockholders, basic:501575511756375253256
Interest on convertible debt  66666
Net income available to common stockholders, diluted:501575517762381259262

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:516587511756375253256
Comprehensive income:516587511756375253256
Other undisclosed comprehensive loss, net of tax, attributable to parent(14)(13)     
Comprehensive income, net of tax, attributable to parent:503574511756375253256

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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