2023 Q3 Form 10-Q Financial Statement

#000162828023024806 Filed on July 12, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2 2022 Q2
Revenue $4.736M $218.5M $175.6M
YoY Change -97.27% 24.45% 5.88%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $18.88M $20.84M $19.92M
YoY Change 8.56% 4.61% 27.81%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $86.33M $88.79M $81.32M
YoY Change 5.14% 9.19% -1.3%
% of Gross Profit
Operating Expenses $171.4M $183.1M $164.6M
YoY Change -9.37% 11.24% -10.61%
Operating Profit
YoY Change
Interest Expense $62.42M $59.90M $50.84M
YoY Change 20.3% 17.83% -12.69%
% of Operating Profit
Other Income/Expense, Net $3.372M $1.337M -$463.0K
YoY Change 62.74% -388.77% 3207.14%
Pretax Income $6.588M $4.282M $5.336M
YoY Change 37.54% -19.75% 43.79%
Income Tax -$5.099M $14.36M $3.329M
% Of Pretax Income -77.4% 335.36% 62.39%
Net Earnings $5.518M $22.77M $7.682M
YoY Change -163.48% 196.41% -178.77%
Net Earnings / Revenue 116.51% 10.42% 4.38%
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 2023 Q3 2023 Q2 2022 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $726.4M $136.2M $241.0M
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 $41.37M $40.91M $38.83M
YoY Change 4.74% 5.36% 8.87%
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $7.357B $7.100B
YoY Change 3.62% -7.29%
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 $5.463B $5.263B
YoY Change 3.8% -11.36%
SHAREHOLDERS EQUITY
Retained Earnings $15.45M -$41.39M
YoY Change -137.33% -117.57%
Common Stock $1.879B $1.879B
YoY Change 0.0% 26.45%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.089B $1.894B $1.837B
YoY Change
Total Liabilities & Shareholders Equity $7.357B $7.100B
YoY Change 3.62% -7.29%

Cashflow Statement

Concept 2023 Q3 2023 Q2 2022 Q2
OPERATING ACTIVITIES
Net Income $5.518M $22.77M $7.682M
YoY Change -163.48% 196.41% -178.77%
Depreciation, Depletion And Amortization $86.33M $88.79M $81.32M
YoY Change 5.14% 9.19% -1.3%
Cash From Operating Activities $100.5M $110.3M
YoY Change -8.92% 57.58%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $2.900M $0.00
YoY Change
Cash From Investing Activities -$266.3M -$14.21M
YoY Change 1774.58% -412.31%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $569.2M $39.92M
YoY Change 1325.76% 46.65%
Cash From Financing Activities $70.17M -$25.09M
YoY Change -379.68% 163.14%
NET CHANGE
Cash From Operating Activities $100.5M $110.3M
Cash From Investing Activities -$266.3M -$14.21M
Cash From Financing Activities $70.17M -$25.09M
Net Change In Cash -$95.71M $71.00M
YoY Change -234.8% 9.22%
FREE CASH FLOW
Cash From Operating Activities $100.5M $110.3M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2023Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
400 shares
CY2023Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
14048 shares
CY2022Q2 ayr Amortizationof Lease Incentives Premiumsand Discounts Net
AmortizationofLeaseIncentivesPremiumsandDiscountsNet
5388000 usd
CY2023Q2 us-gaap Lease Income
LeaseIncome
175121000 usd
CY2022Q2 us-gaap Lease Income
LeaseIncome
168453000 usd
CY2023Q2 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
42594000 usd
CY2023Q2 us-gaap Other Income
OtherIncome
776000 usd
CY2022Q2 us-gaap Other Income
OtherIncome
3424000 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
218491000 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
175564000 usd
CY2023Q2 us-gaap Depreciation
Depreciation
88789000 usd
CY2022Q2 us-gaap Depreciation
Depreciation
81318000 usd
CY2023Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-56891000 usd
CY2022Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-50294000 usd
CY2023Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
20835000 usd
CY2022Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
19916000 usd
CY2023Q2 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
6959000 usd
CY2022Q2 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
580000 usd
CY2023Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
1097000 usd
CY2022Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
4428000 usd
CY2023Q2 us-gaap Aircraft Maintenance Materials And Repairs
AircraftMaintenanceMaterialsAndRepairs
8533000 usd
CY2022Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
110293000 usd
CY2023Q2 us-gaap Payments For Flight Equipment
PaymentsForFlightEquipment
322151000 usd
CY2022Q2 us-gaap Payments For Flight Equipment
PaymentsForFlightEquipment
63724000 usd
CY2023Q2 us-gaap Proceeds From Sale Of Flight Equipment
ProceedsFromSaleOfFlightEquipment
53782000 usd
CY2022Q2 us-gaap Proceeds From Sale Of Flight Equipment
ProceedsFromSaleOfFlightEquipment
58233000 usd
CY2023Q2 us-gaap Payments For Proceeds From Previous Acquisition
PaymentsForProceedsFromPreviousAcquisition
-4947000 usd
CY2022Q2 us-gaap Aircraft Maintenance Materials And Repairs
AircraftMaintenanceMaterialsAndRepairs
8065000 usd
CY2023Q2 us-gaap Operating Expenses
OperatingExpenses
183104000 usd
CY2022Q2 us-gaap Operating Expenses
OperatingExpenses
164601000 usd
CY2023Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
CY2022Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-463000 usd
CY2023Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1337000 usd
CY2022Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
0 usd
CY2023Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
1337000 usd
CY2022Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-463000 usd
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
36724000 usd
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
10500000 usd
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
14360000 usd
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3329000 usd
CY2023Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
406000 usd
CY2022Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
511000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
22770000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
7682000 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
22770000 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
7682000 usd
CY2023Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
22770000 usd
CY2022Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
7682000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
22770000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
7682000 usd
CY2023Q2 us-gaap Depreciation
Depreciation
88789000 usd
CY2022Q2 us-gaap Depreciation
Depreciation
81318000 usd
CY2023Q2 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
4031000 usd
CY2022Q2 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
3597000 usd
CY2023Q2 ayr Amortizationof Lease Incentives Premiumsand Discounts Net
AmortizationofLeaseIncentivesPremiumsandDiscountsNet
7207000 usd
CY2022Q2 ayr Amortizationof Lease Incentives Premiumsand Discounts Net
AmortizationofLeaseIncentivesPremiumsandDiscountsNet
5388000 usd
CY2023Q2 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
3812000 usd
CY2022Q2 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
2865000 usd
CY2023Q2 ayr Proceedsfrom Collectionof Lease Investments
ProceedsfromCollectionofLeaseInvestments
927000 usd
CY2022Q2 ayr Proceedsfrom Collectionof Lease Investments
ProceedsfromCollectionofLeaseInvestments
2282000 usd
CY2023Q2 ayr Security Deposits And Maintenance Payments Included In Earnings Net
SecurityDepositsAndMaintenancePaymentsIncludedInEarningsNet
3203000 usd
CY2022Q2 ayr Security Deposits And Maintenance Payments Included In Earnings Net
SecurityDepositsAndMaintenancePaymentsIncludedInEarningsNet
-9076000 usd
CY2023Q2 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
42594000 usd
CY2022Q2 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
3687000 usd
CY2023Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
CY2022Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-463000 usd
CY2023Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
1097000 usd
CY2022Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
4428000 usd
CY2023Q2 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
6959000 usd
CY2022Q2 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
580000 usd
CY2023Q2 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
397000 usd
CY2022Q2 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
508000 usd
CY2023Q2 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-3209000 usd
CY2022Q2 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-4274000 usd
CY2023Q2 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
3607000 usd
CY2022Q2 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
5008000 usd
CY2023Q2 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
2272000 usd
CY2022Q2 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-4305000 usd
CY2023Q2 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
9178000 usd
CY2022Q2 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
1848000 usd
CY2023Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
100450000 usd
CY2023Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityTransfersNet
0 usd
CY2023Q2 ayr Net Investment In Lease Number Of Leased Assets
NetInvestmentInLeaseNumberOfLeasedAssets
14 aircraft
CY2023Q1 ayr Net Investment In Lease Number Of Leased Assets
NetInvestmentInLeaseNumberOfLeasedAssets
4 aircraft
CY2023Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
406000 usd
CY2022Q2 us-gaap Payments For Proceeds From Previous Acquisition
PaymentsForProceedsFromPreviousAcquisition
8716000 usd
CY2023Q2 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
2900000 usd
CY2022Q2 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
0 usd
CY2023Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-266322000 usd
CY2022Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-14207000 usd
CY2023Q2 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
624911000 usd
CY2022Q2 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 usd
CY2023Q2 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
569206000 usd
CY2022Q2 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
39923000 usd
CY2023Q2 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
0 usd
CY2022Q2 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
291000 usd
CY2023Q2 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
527000 usd
CY2022Q2 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1860000 usd
CY2023Q2 ayr Security Depositsand Maintenance Payments Received Financing Activities
SecurityDepositsandMaintenancePaymentsReceivedFinancingActivities
31620000 usd
CY2022Q2 ayr Security Depositsand Maintenance Payments Received Financing Activities
SecurityDepositsandMaintenancePaymentsReceivedFinancingActivities
27911000 usd
CY2023Q2 ayr Security Depositsand Maintenance Payments Returned Financing Activities
SecurityDepositsandMaintenancePaymentsReturnedFinancingActivities
6131000 usd
CY2022Q2 ayr Security Depositsand Maintenance Payments Returned Financing Activities
SecurityDepositsandMaintenancePaymentsReturnedFinancingActivities
425000 usd
CY2023Q2 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
10500000 usd
CY2022Q2 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
10500000 usd
CY2023Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
70167000 usd
CY2022Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-25088000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-95705000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
70998000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
231861000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
170682000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
136156000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
241680000 usd
CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
136156000 usd
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
241030000 usd
CY2023Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
0 usd
CY2022Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
650000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
136156000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
241680000 usd
CY2023Q2 us-gaap Interest Paid Net
InterestPaidNet
54053000 usd
CY2022Q2 us-gaap Interest Paid Net
InterestPaidNet
44275000 usd
CY2023Q2 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-31000 usd
CY2022Q2 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-576000 usd
CY2023Q2 ayr Advance Lease Rentals Security Deposits Maintenance Payments Other Liabilitiesand Other Assets Assumedin Acquisitionof Flight Equipment
AdvanceLeaseRentalsSecurityDepositsMaintenancePaymentsOtherLiabilitiesandOtherAssetsAssumedinAcquisitionofFlightEquipment
12927000 usd
CY2022Q2 ayr Advance Lease Rentals Security Deposits Maintenance Payments Other Liabilitiesand Other Assets Assumedin Acquisitionof Flight Equipment
AdvanceLeaseRentalsSecurityDepositsMaintenancePaymentsOtherLiabilitiesandOtherAssetsAssumedinAcquisitionofFlightEquipment
339000 usd
CY2023Q2 ayr Advance Lease Rentals Security Deposits Maintenance Payments Other Liabilitiesand Other Assets Settled In Sale Of Flight Equipment
AdvanceLeaseRentalsSecurityDepositsMaintenancePaymentsOtherLiabilitiesandOtherAssetsSettledInSaleOfFlightEquipment
8177000 usd
CY2022Q2 ayr Advance Lease Rentals Security Deposits Maintenance Payments Other Liabilitiesand Other Assets Settled In Sale Of Flight Equipment
AdvanceLeaseRentalsSecurityDepositsMaintenancePaymentsOtherLiabilitiesandOtherAssetsSettledInSaleOfFlightEquipment
3800000 usd
CY2023Q2 us-gaap Property Plant And Equipment Transfers And Changes
PropertyPlantAndEquipmentTransfersAndChanges
182818000 usd
CY2022Q2 us-gaap Property Plant And Equipment Transfers And Changes
PropertyPlantAndEquipmentTransfersAndChanges
17734000 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
1871458000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
22770000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
22770000 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
1894228000 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
1829699000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
7682000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
7682000 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
1837381000 usd
CY2023Q2 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
2855957000 usd
CY2023Q2 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2023Q2 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<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%">Risk and Uncertainties</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%">In the normal course of business, Aircastle encounters several significant types of economic risk including credit, market, aviation industry and capital market risks. Credit risk is the risk of a lessee’s inability or unwillingness to make contractually required payments and to fulfill its other contractual obligations to Aircastle. Market risk reflects the change in the value of financings due to changes in interest rate spreads or other market factors, including the value of collateral underlying financings. Aviation industry risk is the risk of a downturn in the commercial aviation industry which could adversely impact a lessee’s ability to make payments, increase the risk of early lease terminations and depress lease rates and the value of the Company’s aircraft. Capital market risk is the risk that the Company is unable to obtain capital at reasonable rates to fund the growth of its business or to refinance existing debt facilities.</span></div>
CY2023Q2 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>
CY2023Q2 ayr Percentage Of Fleet Having Floating Rate Lease Rentals
PercentageOfFleetHavingFloatingRateLeaseRentals
0.01
CY2023Q2 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
451869000 usd
CY2023Q2 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
528826000 usd
CY2023Q2 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
414434000 usd
CY2023Q2 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
348453000 usd
CY2023Q2 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
278390000 usd
CY2023Q2 ayr Lessor Operating Lease Payment To Be Received After Year Four
LessorOperatingLeasePaymentToBeReceivedAfterYearFour
833985000 usd
CY2023Q2 us-gaap Sales Type And Direct Financing Leases Lease Receivable
SalesTypeAndDirectFinancingLeasesLeaseReceivable
143191000 usd
CY2023Q1 us-gaap Sales Type And Direct Financing Leases Lease Receivable
SalesTypeAndDirectFinancingLeasesLeaseReceivable
31674000 usd
CY2023Q2 ayr Sales Type And Direct Financing Lease Unguaranteed Residual Asset
SalesTypeAndDirectFinancingLeaseUnguaranteedResidualAsset
131665000 usd
CY2023Q1 ayr Sales Type And Direct Financing Lease Unguaranteed Residual Asset
SalesTypeAndDirectFinancingLeaseUnguaranteedResidualAsset
37287000 usd
CY2023Q2 ayr Net Investment In Lease Direct Financing And Sales Type Leases Before Allowance
NetInvestmentInLeaseDirectFinancingAndSalesTypeLeasesBeforeAllowance
274856000 usd
CY2023Q1 ayr Net Investment In Lease Direct Financing And Sales Type Leases Before Allowance
NetInvestmentInLeaseDirectFinancingAndSalesTypeLeasesBeforeAllowance
68961000 usd
CY2023Q2 us-gaap Net Investment In Lease Allowance For Credit Loss
NetInvestmentInLeaseAllowanceForCreditLoss
8226000 usd
CY2023Q1 us-gaap Net Investment In Lease Allowance For Credit Loss
NetInvestmentInLeaseAllowanceForCreditLoss
1267000 usd
CY2023Q2 us-gaap Net Investment In Lease
NetInvestmentInLease
266630000 usd
CY2023Q1 us-gaap Net Investment In Lease
NetInvestmentInLease
67694000 usd
CY2023Q2 ayr Net Investment In Lease Number Of Leased Assets Transferred In Out
NetInvestmentInLeaseNumberOfLeasedAssetsTransferredInOut
10 aircraft
CY2023Q2 ayr Net Investment In Lease Number Of Leased Assets Transferred In Out
NetInvestmentInLeaseNumberOfLeasedAssetsTransferredInOut
10 aircraft
CY2023Q2 ayr Net Investment In Lease Number Of Leased Assets Transferred In Out
NetInvestmentInLeaseNumberOfLeasedAssetsTransferredInOut
10 aircraft
CY2023Q2 us-gaap Net Investment In Lease Credit Loss Expense Reversal
NetInvestmentInLeaseCreditLossExpenseReversal
7000000 usd
CY2023Q2 ayr Net Investment In Lease Number Of Leased Assets Transferred In Out
NetInvestmentInLeaseNumberOfLeasedAssetsTransferredInOut
10 aircraft
CY2023Q1 us-gaap Net Investment In Lease Allowance For Credit Loss
NetInvestmentInLeaseAllowanceForCreditLoss
1267000 usd
CY2023Q2 us-gaap Net Investment In Lease Credit Loss Expense Reversal
NetInvestmentInLeaseCreditLossExpenseReversal
6959000 usd
CY2023Q2 us-gaap Net Investment In Lease Allowance For Credit Loss
NetInvestmentInLeaseAllowanceForCreditLoss
8226000 usd
CY2023Q2 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Remainder Of Fiscal Year
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedRemainderOfFiscalYear
17735000 usd
CY2023Q2 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Next Twelve Months
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedNextTwelveMonths
25284000 usd
CY2023Q2 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Two Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedTwoYears
24984000 usd
CY2023Q2 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Three Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedThreeYears
25121000 usd
CY2023Q2 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Four Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedFourYears
24911000 usd
CY2023Q2 ayr Sales Type And Direct Financing Leases Lease Receivable To Be Received After Year Four
SalesTypeAndDirectFinancingLeasesLeaseReceivableToBeReceivedAfterYearFour
74317000 usd
CY2023Q2 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceived
192352000 usd
CY2023Q2 us-gaap Sales Type And Direct Financing Leases Lease Receivable Undiscounted Excess Amount
SalesTypeAndDirectFinancingLeasesLeaseReceivableUndiscountedExcessAmount
143191000 usd
CY2023Q2 ayr Differencebetweenthe Present Valueand Undiscounted Sales Typeand Direct Financing Lease Receivable
DifferencebetweenthePresentValueandUndiscountedSalesTypeandDirectFinancingLeaseReceivable
49161000 usd
CY2023Q1 us-gaap Equity Method Investments
EquityMethodInvestments
40505000 usd
CY2023Q2 ayr Numberof Offlease Aircraft Marketedfor Lease
NumberofOffleaseAircraftMarketedforLease
11 aircraft
CY2023Q1 ayr Numberof Offlease Aircraft Marketedfor Leaseor Sale
NumberofOffleaseAircraftMarketedforLeaseorSale
14 aircraft
CY2023Q2 ayr Property Subject To Or Available For Operating Lease Number Of Units1
PropertySubjectToOrAvailableForOperatingLeaseNumberOfUnits1
244 aircraft
CY2023Q2 us-gaap Concentration Risk Percentage1
ConcentrationRiskPercentage1
1
CY2023Q1 ayr Property Subject To Or Available For Operating Lease Number Of Units1
PropertySubjectToOrAvailableForOperatingLeaseNumberOfUnits1
239 aircraft
CY2023 us-gaap Concentration Risk Percentage1
ConcentrationRiskPercentage1
1
CY2023Q2 ayr Numberof Offlease Aircraft Marketedfor Lease
NumberofOffleaseAircraftMarketedforLease
11 aircraft
CY2023Q1 ayr Numberof Offlease Aircraft Marketedfor Leaseor Sale
NumberofOffleaseAircraftMarketedforLeaseorSale
14 aircraft
CY2023Q2 us-gaap Concentration Risk Percentage1
ConcentrationRiskPercentage1
1
CY2022Q2 us-gaap Concentration Risk Percentage1
ConcentrationRiskPercentage1
1
CY2023Q2 us-gaap Equity Method Investments
EquityMethodInvestments
40911000 usd
CY2023Q2 us-gaap Secured Debt
SecuredDebt
933005000 usd
CY2023Q2 ayr Numberof Aircraft Financed
NumberofAircraftFinanced
38 aircraft
CY2023Q1 us-gaap Secured Debt
SecuredDebt
752298000 usd
CY2023Q2 us-gaap Unsecured Debt
UnsecuredDebt
3720956000 usd
CY2023Q1 us-gaap Unsecured Debt
UnsecuredDebt
3842454000 usd
CY2023Q2 us-gaap Long Term Debt
LongTermDebt
4653961000 usd
CY2023Q1 us-gaap Long Term Debt
LongTermDebt
4594752000 usd
CY2023Q2 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
1400000000 usd
CY2023Q2 us-gaap Dividends Preferred Stock
DividendsPreferredStock
10500000 usd
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
4282000 usd
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
5336000 usd
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
32442000 usd
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
5164000 usd
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
36724000 usd
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
10500000 usd
CY2023Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.391
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.317
CY2023Q2 ayr Interest Expense Debt Settlement Of Derivatives And Other Liabilities
InterestExpenseDebtSettlementOfDerivativesAndOtherLiabilities
55872000 usd
CY2022Q2 ayr Interest Expense Debt Settlement Of Derivatives And Other Liabilities
InterestExpenseDebtSettlementOfDerivativesAndOtherLiabilities
47241000 usd
CY2023Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
4031000 usd
CY2022Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
3597000 usd
CY2023Q2 us-gaap Interest Expense
InterestExpense
59903000 usd
CY2022Q2 us-gaap Interest Expense
InterestExpense
50838000 usd
CY2023Q2 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
2292000 usd
CY2022Q2 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
259000 usd
CY2023Q2 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
720000 usd
CY2022Q2 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
285000 usd
CY2023Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-56891000 usd
CY2022Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-50294000 usd
CY2023Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
600000 usd
CY2022Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
500000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
2522000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
2933000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
2709000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
2717000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
2748000 usd
CY2023Q2 ayr Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
16716000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
30345000 usd
CY2023Q2 us-gaap Unrecorded Unconditional Purchase Obligation Minimum Quantity Required
UnrecordedUnconditionalPurchaseObligationMinimumQuantityRequired
12 aircraft
CY2023Q2 us-gaap Purchase Obligation
PurchaseObligation
406600000 usd
CY2023Q2 us-gaap Purchase Obligation Future Minimum Payments Remainder Of Fiscal Year
PurchaseObligationFutureMinimumPaymentsRemainderOfFiscalYear
138239000 usd
CY2023Q2 us-gaap Purchase Obligation Due In Next Twelve Months
PurchaseObligationDueInNextTwelveMonths
171533000 usd
CY2023Q2 us-gaap Purchase Obligation Due In Second Year
PurchaseObligationDueInSecondYear
96848000 usd
CY2023Q2 us-gaap Purchase Obligation Due In Third Year
PurchaseObligationDueInThirdYear
0 usd
CY2023Q2 us-gaap Purchase Obligation Due In Fourth Year
PurchaseObligationDueInFourthYear
0 usd
CY2023Q2 ayr Purchase Obligation To Be Paid After Year Four
PurchaseObligationToBePaidAfterYearFour
0 usd
CY2023Q2 us-gaap Purchase Obligation
PurchaseObligation
406620000 usd
CY2023Q2 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
310000 usd
CY2023Q1 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
304000 usd
CY2023Q2 ayr Lease Incentivesand Lease Premiums Accumulated Amortization
LeaseIncentivesandLeasePremiumsAccumulatedAmortization
80679000 usd
CY2023Q1 ayr Lease Incentivesand Lease Premiums Accumulated Amortization
LeaseIncentivesandLeasePremiumsAccumulatedAmortization
77722000 usd
CY2023Q2 ayr Lease Incentives And Lease Premiums Net
LeaseIncentivesAndLeasePremiumsNet
37985000 usd
CY2023Q1 ayr Lease Incentives And Lease Premiums Net
LeaseIncentivesAndLeasePremiumsNet
54208000 usd
CY2023Q2 us-gaap Disposal Group Including Discontinued Operation Property Plant And Equipment
DisposalGroupIncludingDiscontinuedOperationPropertyPlantAndEquipment
28705000 usd
CY2023Q1 us-gaap Disposal Group Including Discontinued Operation Property Plant And Equipment
DisposalGroupIncludingDiscontinuedOperationPropertyPlantAndEquipment
59370000 usd
CY2023Q2 us-gaap Deposits On Flight Equipment
DepositsOnFlightEquipment
40447000 usd
CY2023Q1 us-gaap Deposits On Flight Equipment
DepositsOnFlightEquipment
43494000 usd
CY2023Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
17052000 usd
CY2023Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
16930000 usd
CY2023Q2 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
32420000 usd
CY2023Q1 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
35631000 usd
CY2023Q2 ayr Investments At Fair Value
InvestmentsAtFairValue
10543000 usd
CY2023Q1 ayr Investments At Fair Value
InvestmentsAtFairValue
10819000 usd
CY2023Q2 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
138517000 usd
CY2023Q1 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
125574000 usd
CY2023Q2 us-gaap Other Assets
OtherAssets
305979000 usd
CY2023Q1 us-gaap Other Assets
OtherAssets
346330000 usd
CY2023Q2 us-gaap Accounts Payable And Other Accrued Liabilities
AccountsPayableAndOtherAccruedLiabilities
48022000 usd
CY2023Q1 us-gaap Accounts Payable And Other Accrued Liabilities
AccountsPayableAndOtherAccruedLiabilities
60225000 usd
CY2023Q2 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
83808000 usd
CY2023Q1 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
79990000 usd
CY2023Q2 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
43752000 usd
CY2023Q1 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
42752000 usd
CY2023Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
20048000 usd
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
19951000 usd
CY2023Q2 ayr Lease Discount Accumulated Amortization
LeaseDiscountAccumulatedAmortization
45830000 usd
CY2023Q1 ayr Lease Discount Accumulated Amortization
LeaseDiscountAccumulatedAmortization
45586000 usd
CY2023Q2 ayr Lease Discount Accrued After Accumulated Amortization
LeaseDiscountAccruedAfterAccumulatedAmortization
3311000 usd
CY2023Q1 ayr Lease Discount Accrued After Accumulated Amortization
LeaseDiscountAccruedAfterAccumulatedAmortization
3555000 usd
CY2023Q2 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
198941000 usd
CY2023Q1 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
206473000 usd
CY2023Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01

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