2021 Q3 Form 10-Q Financial Statement

#000136298821000025 Filed on July 14, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2021 Q2 2020 Q2
Revenue $157.7M $165.8M $282.5M
YoY Change -7.98% -41.31% 26.46%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $16.00M $15.58M $47.45M
YoY Change 18.01% -67.16% 159.05%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $83.39M $82.39M $89.21M
YoY Change -3.87% -7.65% -0.41%
% of Gross Profit
Operating Expenses $184.1M $184.1M $278.3M
YoY Change -50.54% -33.83% 48.89%
Operating Profit
YoY Change
Interest Expense $56.00M $58.22M $59.05M
YoY Change -0.07% -1.4% -12.17%
% of Operating Profit
Other Income/Expense, Net $43.48M -$14.00K -$32.09M
YoY Change -21517.24% -99.96% 1580.31%
Pretax Income $4.479M $3.711M $4.046M
YoY Change -49.4% -8.28% 106.53%
Income Tax $7.665M -$8.292M -$551.0K
% Of Pretax Income 171.13% -223.44% -13.62%
Net Earnings $9.803M -$9.753M -$26.54M
YoY Change -104.59% -63.25% -185.3%
Net Earnings / Revenue 6.22% -5.88% -9.39%
Basic Earnings Per Share
Diluted Earnings Per Share
COMMON SHARES
Basic Shares Outstanding 14.05K shares 14.05K shares 14.05K shares
Diluted Shares Outstanding

Balance Sheet

Concept 2021 Q3 2021 Q2 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $337.5M $642.9M $325.7M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $36.12M $35.66M $34.45M
YoY Change 3.57% 3.52% -56.28%
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $7.545B $7.658B $7.878B
YoY Change -5.6% -2.79% -8.76%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities
Total Liabilities $5.426B $5.937B $6.043B
YoY Change -12.03% -1.75% -8.62%
SHAREHOLDERS EQUITY
Retained Earnings $239.7M $235.5M $349.8M
YoY Change -29.17% -32.67% -37.55%
Common Stock $1.879B $1.486B $1.486B
YoY Change 26.48% 0.0% 1.68%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.119B $1.721B $2.038B
YoY Change
Total Liabilities & Shareholders Equity $7.545B $7.658B $7.878B
YoY Change -5.6% -2.79% -8.76%

Cashflow Statement

Concept 2021 Q3 2021 Q2 2020 Q2
OPERATING ACTIVITIES
Net Income $9.803M -$9.753M -$26.54M
YoY Change -104.59% -63.25% -185.3%
Depreciation, Depletion And Amortization $83.39M $82.39M $89.21M
YoY Change -3.87% -7.65% -0.41%
Cash From Operating Activities $69.99M -$44.48M
YoY Change -257.37%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 $409.0K
YoY Change -100.0%
Cash From Investing Activities $4.549M $17.85M
YoY Change -74.51%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $27.22M $323.9M
YoY Change -91.6%
Cash From Financing Activities -$9.534M $186.2M
YoY Change -105.12%
NET CHANGE
Cash From Operating Activities $69.99M -$44.48M
Cash From Investing Activities $4.549M $17.85M
Cash From Financing Activities -$9.534M $186.2M
Net Change In Cash $65.01M $159.6M
YoY Change -59.27%
FREE CASH FLOW
Cash From Operating Activities $69.99M -$44.48M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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CY2021Q2 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
27224000 USD
CY2020Q2 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
323910000 USD
CY2021Q2 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
24000 USD
CY2020Q2 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
8000 USD
CY2021Q2 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
4604000 USD
CY2020Q2 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 USD
CY2021Q2 ayr Security Depositsand Maintenance Payments Received Financing Activities
SecurityDepositsandMaintenancePaymentsReceivedFinancingActivities
22793000 USD
CY2020Q2 ayr Security Depositsand Maintenance Payments Received Financing Activities
SecurityDepositsandMaintenancePaymentsReceivedFinancingActivities
15318000 USD
CY2021Q2 ayr Security Depositsand Maintenance Payments Returned Financing Activities
SecurityDepositsandMaintenancePaymentsReturnedFinancingActivities
475000 USD
CY2020Q2 ayr Security Depositsand Maintenance Payments Returned Financing Activities
SecurityDepositsandMaintenancePaymentsReturnedFinancingActivities
31140000 USD
CY2021Q2 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
0 USD
CY2020Q2 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
24025000 USD
CY2021Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-9534000 USD
CY2020Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
186235000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
65005000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
159608000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
580598000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
171437000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
645603000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
331045000 USD
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
642910000 USD
CY2020Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
325691000 USD
CY2021Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
2693000 USD
CY2020Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
5354000 USD
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
2036189000 USD
CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
28049000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
645603000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
331045000 USD
CY2021Q2 us-gaap Interest Paid Net
InterestPaidNet
44948000 USD
CY2020Q2 us-gaap Interest Paid Net
InterestPaidNet
74457000 USD
CY2021Q2 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
891000 USD
CY2020Q2 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
159000 USD
CY2021Q2 ayr Advance Lease Rentals Security Deposits Maintenance Payments Other Liabilitiesand Other Assets Assumedin Acquisitionof Flight Equipment
AdvanceLeaseRentalsSecurityDepositsMaintenancePaymentsOtherLiabilitiesandOtherAssetsAssumedinAcquisitionofFlightEquipment
0 USD
CY2020Q2 ayr Advance Lease Rentals Security Deposits Maintenance Payments Other Liabilitiesand Other Assets Assumedin Acquisitionof Flight Equipment
AdvanceLeaseRentalsSecurityDepositsMaintenancePaymentsOtherLiabilitiesandOtherAssetsAssumedinAcquisitionofFlightEquipment
29869000 USD
CY2021Q2 ayr Advance Lease Rentals Security Deposits Maintenance Payments Other Liabilitiesand Other Assets Settled In Sale Of Flight Equipment
AdvanceLeaseRentalsSecurityDepositsMaintenancePaymentsOtherLiabilitiesandOtherAssetsSettledInSaleOfFlightEquipment
12138000 USD
CY2020Q2 ayr Advance Lease Rentals Security Deposits Maintenance Payments Other Liabilitiesand Other Assets Settled In Sale Of Flight Equipment
AdvanceLeaseRentalsSecurityDepositsMaintenancePaymentsOtherLiabilitiesandOtherAssetsSettledInSaleOfFlightEquipment
252000 USD
CY2021Q2 us-gaap Property Plant And Equipment Transfers And Changes
PropertyPlantAndEquipmentTransfersAndChanges
3554000 USD
CY2020Q2 us-gaap Property Plant And Equipment Transfers And Changes
PropertyPlantAndEquipmentTransfersAndChanges
81600000 USD
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
1731070000 USD
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-9753000 USD
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-9753000 USD
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
1721317000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
-26539000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
-26539000 USD
CY2020Q1 ayr Paymentsfor Unvestedequitybasedinstrumentson Merger Date
PaymentsforUnvestedequitybasedinstrumentsonMergerDate
25536000 USD
CY2020Q2 us-gaap Proceeds From Contributions From Parent
ProceedsFromContributionsFromParent
25536000 USD
CY2020Q1 ayr Shares Canceledat Merger Date
SharesCanceledatMergerDate
74960937 shares
CY2020Q1 ayr Sharescanceledat Merger Datevalue
SharescanceledatMergerDatevalue
0 USD
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
2037699000 USD
CY2021Q2 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2021Q2 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:9pt;margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10.5pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-bottom:9pt;margin-top:9pt;text-align:justify;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10.5pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. While Aircastle believes the estimates and related assumptions used in the preparation of the consolidated financial statements are appropriate, actual results could differ from those estimates.</span></div>
CY2020Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityTransfersNet
0 USD
CY2021Q2 us-gaap Revenue Recognition Leases
RevenueRecognitionLeases
<div style="margin-bottom:9pt;margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10.5pt;font-weight:700;line-height:120%">COVID-19 Pandemic</span></div><div style="margin-bottom:9pt;margin-top:9pt;text-align:justify;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10.5pt;font-weight:400;line-height:120%">COVID-19 has had an unprecedented negative impact on the aviation sector, resulting in a dramatic slowdown in air traffic. While there have been some improvements in certain markets recently, according to IATA, as of May 31, 2021, air travel was still down to approximately 37% of normal levels and a full recovery to pre-pandemic levels is not expected for several years. Substantially all the world’s airlines have experienced financial difficulties and liquidity challenges, including many of our customers. While we believe long-term demand for air travel will return to historical trends over time, the near-term impacts of COVID-19’s economic shock are material; the extent and duration of those impacts cannot currently be determined.</span></div><div style="margin-bottom:9pt;margin-top:9pt;text-align:justify;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10.5pt;font-weight:400;line-height:120%">As the airline industry begins to recover, airlines continue to seek support from their respective governments, raise debt and equity, delay or cancel new aircraft orders, furlough employees, request concessions from lessors, and in certain cases, seek judicial protection. As of July 9, 2021, we have agreed to $111,720 in total deferrals of lease payments with twenty-two customers. These deferrals have been granted for an average of six to nine months of lease rentals and represent 19% of Lease rental and Direct financing and sales-type lease revenues for the twelve months ended May 31, 2021. Of the total deferrals, $89,400 is included in Accounts receivable or Other assets as of May 31, 2021, with the balance representing future lease payments. Approximately 76% of our total deferrals as of July 9, 2021, have been agreed to as part of broader lease restructurings. These generally include term extensions, better security packages, or other valuable consideration in exchange for near-term economic concessions. Some have repayment terms that extend beyond twelve months and in a limited number of situations, we have agreed to broader lease restructurings that do not include the full repayment of all of lease payments.</span></div><div style="margin-bottom:9pt;margin-top:9pt;text-align:justify;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10.5pt;font-weight:400;line-height:120%">If air traffic remains depressed and if our customers are unable to obtain sufficient funds from private, governmental or other sources, we may need to grant additional deferrals to some of our customers or extend the period of repayment for deferrals we have already made. We may ultimately not be able to collect all the amounts we have deferred.</span></div>As of July 9, 2021, six of our customers are subject to judicial insolvency proceedings or similar protection. These customers lease 22 aircraft, which represent 13% of our net book value of flight equipment (including Flight equipment held for lease and Net investment in leases, or “net book value”) and 11% of our Lease rental and direct financing and sales-type lease revenue as of and for the twelve months ended May 31, 2021. LATAM, our second largest customer, is included in this group and represents 8% of our net book value of flight equipment and 7% of our Lease rental revenue as of and for the twelve months ended May 31, 2021. We are actively engaged in these judicial proceedings to protect our economic interests. However, the outcome of these proceedings is uncertain and could result in these customers negotiating reductions in aircraft lease rentals, rejecting their leases or taking other actions that could adversely impact us or the value of our aircraft. Based on historic experience, the judicial process can take up to twelve to eighteen months to be resolved. As a result of these proceedings, the recognition of lease rental revenue for certain customers may be done on a cash basis of accounting rather than the accrual method depending on the customers’ lease security arrangements.
CY2021Q2 ayr Iat Aestimatedpercentageofnormalairtraffic
IATAestimatedpercentageofnormalairtraffic
0.37
CY2021 ayr Numberof Aircrafts Leasedto Bankrupt Customers
NumberofAircraftsLeasedtoBankruptCustomers
22 aircraft
CY2021Q2 ayr Percentage Of Fleet Having Floating Rate Lease Rentals
PercentageOfFleetHavingFloatingRateLeaseRentals
0.01
CY2021Q2 ayr Percentage Of Interest Expense Derived From Floating Rate Debt
PercentageOfInterestExpenseDerivedFromFloatingRateDebt
0.05
CY2020Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityTransfersNet
0 USD
CY2021Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityTransfersNet
0 USD
CY2021Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityTransfersNet
0 USD
CY2021Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityTransfersNet
0 USD
CY2020Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityTransfersNet
0 USD
CY2021Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
20583000 USD
CY2021Q2 us-gaap Operating Leases Future Minimum Payments Receivable Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsReceivableRemainderOfFiscalYear
445308000 USD
CY2021Q2 us-gaap Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
566477000 USD
CY2021Q2 us-gaap Operating Leases Future Minimum Payments Receivable In Three Years
OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears
506285000 USD
CY2021Q2 us-gaap Operating Leases Future Minimum Payments Receivable In Four Years
OperatingLeasesFutureMinimumPaymentsReceivableInFourYears
377617000 USD
CY2021Q2 us-gaap Operating Leases Future Minimum Payments Receivable In Five Years
OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears
233328000 USD
CY2021Q2 us-gaap Operating Leases Future Minimum Payments Receivable Thereafter
OperatingLeasesFutureMinimumPaymentsReceivableThereafter
523563000 USD
CY2021Q2 us-gaap Operating Leases Future Minimum Payments Receivable
OperatingLeasesFutureMinimumPaymentsReceivable
2652578000 USD
CY2021Q2 ayr Numberof Offlease Aircraft Marketedfor Lease
NumberofOffleaseAircraftMarketedforLease
17 aircraft
CY2021Q1 ayr Numberof Offlease Aircraft Marketedfor Leaseor Sale
NumberofOffleaseAircraftMarketedforLeaseorSale
16 aircraft
CY2021Q2 us-gaap Property Subject To Or Available For Operating Lease Number Of Units
PropertySubjectToOrAvailableForOperatingLeaseNumberOfUnits
250 aircraft
CY2021Q1 us-gaap Property Subject To Or Available For Operating Lease Number Of Units
PropertySubjectToOrAvailableForOperatingLeaseNumberOfUnits
252 aircraft
CY2021Q2 us-gaap Capital Leased Assets Number Of Units
CapitalLeasedAssetsNumberOfUnits
15 aircraft
CY2021Q1 us-gaap Capital Leased Assets Number Of Units
CapitalLeasedAssetsNumberOfUnits
15 aircraft
CY2021Q2 us-gaap Capital Leases Net Investment In Direct Financing Leases Unguaranteed Residual Values Of Leased Property
CapitalLeasesNetInvestmentInDirectFinancingLeasesUnguaranteedResidualValuesOfLeasedProperty
131006000 USD
CY2021Q1 us-gaap Capital Leases Net Investment In Direct Financing Leases Unguaranteed Residual Values Of Leased Property
CapitalLeasesNetInvestmentInDirectFinancingLeasesUnguaranteedResidualValuesOfLeasedProperty
129165000 USD
CY2021Q2 us-gaap Capital Leases Net Investment In Direct Financing Leases Minimum Payments To Be Received
CapitalLeasesNetInvestmentInDirectFinancingLeasesMinimumPaymentsToBeReceived
61321000 USD
CY2021Q1 us-gaap Capital Leases Net Investment In Direct Financing Leases Minimum Payments To Be Received
CapitalLeasesNetInvestmentInDirectFinancingLeasesMinimumPaymentsToBeReceived
67075000 USD
CY2021Q2 ayr Capital Leases Investment In Direct Financing And Sales Type Leasesbefore Allowance
CapitalLeasesInvestmentInDirectFinancingAndSalesTypeLeasesbeforeAllowance
192327000 USD
CY2021Q1 ayr Capital Leases Investment In Direct Financing And Sales Type Leasesbefore Allowance
CapitalLeasesInvestmentInDirectFinancingAndSalesTypeLeasesbeforeAllowance
196240000 USD
CY2021Q2 us-gaap Allowance For Notes And Loans Receivable Current
AllowanceForNotesAndLoansReceivableCurrent
870000 USD
CY2021Q1 us-gaap Allowance For Notes And Loans Receivable Current
AllowanceForNotesAndLoansReceivableCurrent
864000 USD
CY2021Q2 us-gaap Capital Leases Net Investment In Direct Financing And Sales Type Leases
CapitalLeasesNetInvestmentInDirectFinancingAndSalesTypeLeases
191457000 USD
CY2021Q1 us-gaap Capital Leases Net Investment In Direct Financing And Sales Type Leases
CapitalLeasesNetInvestmentInDirectFinancingAndSalesTypeLeases
195376000 USD
CY2021Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
864000 USD
CY2021Q2 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
6000 USD
CY2021Q2 us-gaap Capital Leases Future Minimum Payments Receivable In Three Years
CapitalLeasesFutureMinimumPaymentsReceivableInThreeYears
12568000 USD
CY2021Q2 us-gaap Capital Leases Future Minimum Payments Receivable In Four Years
CapitalLeasesFutureMinimumPaymentsReceivableInFourYears
6989000 USD
CY2021Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
870000 USD
CY2021Q2 us-gaap Capital Leases Future Minimum Payments Receivable Remainder Of Fiscal Year
CapitalLeasesFutureMinimumPaymentsReceivableRemainderOfFiscalYear
17073000 USD
CY2021Q2 us-gaap Capital Leases Future Minimum Payments Receivable In Two Years
CapitalLeasesFutureMinimumPaymentsReceivableInTwoYears
13470000 USD
CY2021Q2 us-gaap Capital Leases Future Minimum Payments Receivable In Five Years
CapitalLeasesFutureMinimumPaymentsReceivableInFiveYears
6060000 USD
CY2021Q2 us-gaap Capital Leases Future Minimum Payments Receivable Due Thereafter
CapitalLeasesFutureMinimumPaymentsReceivableDueThereafter
15414000 USD
CY2021Q2 us-gaap Capital Leases Future Minimum Payments Receivable
CapitalLeasesFutureMinimumPaymentsReceivable
71574000 USD
CY2021Q2 us-gaap Sales Type And Direct Financing Leases Lease Receivable Undiscounted Excess Amount
SalesTypeAndDirectFinancingLeasesLeaseReceivableUndiscountedExcessAmount
61321000 USD
CY2021Q2 ayr Differencebetweenthe Present Valueand Undiscounted Sales Typeand Direct Financing Lease Receivable
DifferencebetweenthePresentValueandUndiscountedSalesTypeandDirectFinancingLeaseReceivable
10253000 USD
CY2021Q1 us-gaap Equity Method Investments
EquityMethodInvestments
35377000 USD
CY2021Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
287000 USD
CY2021Q2 us-gaap Equity Method Investments
EquityMethodInvestments
35664000 USD
CY2021Q2 us-gaap Secured Debt
SecuredDebt
742214000 USD
CY2021Q2 ayr Numberof Aircraft Financed
NumberofAircraftFinanced
32 aircraft
CY2021Q1 us-gaap Secured Debt
SecuredDebt
768850000 USD
CY2021Q2 us-gaap Unsecured Debt
UnsecuredDebt
4365260000 USD
CY2021Q1 us-gaap Unsecured Debt
UnsecuredDebt
4366261000 USD
CY2021Q2 us-gaap Long Term Debt
LongTermDebt
5107474000 USD
CY2021Q1 us-gaap Long Term Debt
LongTermDebt
5135111000 USD
CY2021Q2 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
1380000000 USD
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
3711000 USD
CY2020Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
4046000 USD
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-22043000 USD
CY2020Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-31867000 USD
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-18332000 USD
CY2020Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-27821000 USD
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.452
CY2020Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.020
CY2021Q2 ayr Interest Expense Debt Settlement Of Derivatives And Other Liabilities
InterestExpenseDebtSettlementOfDerivativesAndOtherLiabilities
54033000 USD
CY2020Q2 ayr Interest Expense Debt Settlement Of Derivatives And Other Liabilities
InterestExpenseDebtSettlementOfDerivativesAndOtherLiabilities
55739000 USD
CY2021Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
4191000 USD
CY2020Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
3311000 USD
CY2021Q2 us-gaap Interest Expense
InterestExpense
58224000 USD
CY2020Q2 us-gaap Interest Expense
InterestExpense
59050000 USD
CY2021Q2 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
35000 USD
CY2020Q2 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
324000 USD
CY2021Q2 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
152000 USD
CY2020Q2 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
0 USD
CY2021Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-58037000 USD
CY2020Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-58726000 USD
CY2021Q2 us-gaap Operating Leases Rent Expense Minimum Rentals
OperatingLeasesRentExpenseMinimumRentals
413000 USD
CY2020Q2 us-gaap Operating Leases Rent Expense Minimum Rentals
OperatingLeasesRentExpenseMinimumRentals
411000 USD
CY2021Q2 us-gaap Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
1446000 USD
CY2021Q2 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
1789000 USD
CY2021Q2 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
1721000 USD
CY2021Q2 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
1752000 USD
CY2021Q2 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
1783000 USD
CY2021Q2 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
4387000 USD
CY2021Q2 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
12878000 USD
CY2021Q2 us-gaap Unrecorded Unconditional Purchase Obligation Minimum Quantity Required
UnrecordedUnconditionalPurchaseObligationMinimumQuantityRequired
23 aircraft
CY2021Q2 us-gaap Purchase Obligation
PurchaseObligation
779372000 USD
CY2021Q2 us-gaap Purchase Obligation Future Minimum Payments Remainder Of Fiscal Year
PurchaseObligationFutureMinimumPaymentsRemainderOfFiscalYear
134520000 USD
CY2021Q2 us-gaap Purchase Obligation Due In Next Twelve Months
PurchaseObligationDueInNextTwelveMonths
360828000 USD
CY2021Q2 us-gaap Purchase Obligation Due In Second Year
PurchaseObligationDueInSecondYear
132699000 USD
CY2021Q2 us-gaap Purchase Obligation Due In Third Year
PurchaseObligationDueInThirdYear
39404000 USD
CY2021Q2 us-gaap Purchase Obligation Due In Fourth Year
PurchaseObligationDueInFourthYear
111921000 USD
CY2021Q2 ayr Purchase Obligation To Be Paid After Year Four
PurchaseObligationToBePaidAfterYearFour
0 USD
CY2021Q2 us-gaap Purchase Obligation
PurchaseObligation
779372000 USD
CY2021Q2 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
602000 USD
CY2021Q1 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
637000 USD
CY2021Q2 ayr Lease Incentives And Lease Premiums Net
LeaseIncentivesAndLeasePremiumsNet
67471000 USD
CY2021Q1 ayr Lease Incentives And Lease Premiums Net
LeaseIncentivesAndLeasePremiumsNet
75169000 USD
CY2021Q2 us-gaap Disposal Group Including Discontinued Operation Property Plant And Equipment
DisposalGroupIncludingDiscontinuedOperationPropertyPlantAndEquipment
53618000 USD
CY2021Q1 us-gaap Disposal Group Including Discontinued Operation Property Plant And Equipment
DisposalGroupIncludingDiscontinuedOperationPropertyPlantAndEquipment
53289000 USD
CY2021Q2 us-gaap Deposits On Flight Equipment
DepositsOnFlightEquipment
41279000 USD
CY2021Q1 us-gaap Deposits On Flight Equipment
DepositsOnFlightEquipment
52092000 USD
CY2021Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
7769000 USD
CY2021Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
8056000 USD
CY2021Q2 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
75287000 USD
CY2021Q1 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
69103000 USD
CY2021Q2 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
71639000 USD
CY2021Q1 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
53598000 USD
CY2021Q2 us-gaap Other Assets
OtherAssets
317665000 USD
CY2021Q1 us-gaap Other Assets
OtherAssets
311944000 USD
CY2021Q2 us-gaap Accounts Payable And Other Accrued Liabilities
AccountsPayableAndOtherAccruedLiabilities
30186000 USD
CY2021Q1 us-gaap Accounts Payable And Other Accrued Liabilities
AccountsPayableAndOtherAccruedLiabilities
43088000 USD
CY2021Q2 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
76939000 USD
CY2021Q1 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
75124000 USD
CY2021Q2 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
52904000 USD
CY2021Q1 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
43676000 USD
CY2021Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
10636000 USD
CY2021Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
11003000 USD
CY2021Q2 us-gaap Deferred Revenue Leases Net
DeferredRevenueLeasesNet
1145000 USD
CY2021Q1 us-gaap Deferred Revenue Leases Net
DeferredRevenueLeasesNet
1376000 USD
CY2021Q2 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
171810000 USD
CY2021Q1 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
174267000 USD

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0001362988-21-000025-index.html Edgar Link pending
0001362988-21-000025.txt Edgar Link pending
0001362988-21-000025-xbrl.zip Edgar Link pending
ayr-20210531.htm Edgar Link pending
ayr-20210531.xsd Edgar Link pending
ayr-20210531_cal.xml Edgar Link unprocessable
ayr-20210531_def.xml Edgar Link unprocessable
ayr-20210531_htm.xml Edgar Link completed
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