2024 Q2 Form 10-K Financial Statement

#000162828024018039 Filed on April 25, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1 2024
Revenue $205.2M $855.4M
YoY Change -6.1% 7.46%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $22.06M $82.13M
YoY Change 5.86% 6.86%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $89.36M $348.2M
YoY Change 0.64% 4.68%
% of Gross Profit
Operating Expenses $185.7M $756.6M
YoY Change 1.44% 4.58%
Operating Profit
YoY Change
Interest Expense $66.21M $245.6M
YoY Change 10.53% 16.5%
% of Operating Profit
Other Income/Expense, Net -$304.0K $5.571M
YoY Change -122.74% -58.6%
Pretax Income $4.996M $25.03M
YoY Change 16.67% 18.22%
Income Tax $3.600M $23.27M
% Of Pretax Income 72.06% 92.95%
Net Earnings $16.08M $83.32M
YoY Change -29.38% 32.76%
Net Earnings / Revenue 7.84% 9.74%
Basic Earnings Per Share
Diluted Earnings Per Share
COMMON SHARES
Basic Shares Outstanding 15.56K shares 15.56K shares
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q2 2024 Q1 2024
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $164.6M $130.0M
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 $43.23M $42.71M
YoY Change 5.67% 5.44%
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $7.823B $7.680B
YoY Change 6.33% 5.68%
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 $5.673B $5.546B
YoY Change 3.85% 2.79%
SHAREHOLDERS EQUITY
Retained Earnings $71.08M $55.00M
YoY Change 359.95% -851.78%
Common Stock $2.079B $2.079B
YoY Change 10.65% 10.65%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.150B $2.134B
YoY Change
Total Liabilities & Shareholders Equity $7.823B $7.680B
YoY Change 6.33% 5.68%

Cashflow Statement

Concept 2024 Q2 2024 Q1 2024
OPERATING ACTIVITIES
Net Income $16.08M $83.32M
YoY Change -29.38% 32.76%
Depreciation, Depletion And Amortization $89.36M $348.2M
YoY Change 0.64% 4.68%
Cash From Operating Activities $147.0M $370.3M
YoY Change 46.35% -15.42%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $209.0K $6.408M
YoY Change -92.79% -585.82%
Cash From Investing Activities -$164.6M -$879.1M
YoY Change -38.2% 63.44%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $200.0M
YoY Change
Debt Paid & Issued, Net $520.1M
YoY Change -8.62%
Cash From Financing Activities $52.21M $407.0M
YoY Change -25.6% 152.29%
NET CHANGE
Cash From Operating Activities $147.0M $370.3M
Cash From Investing Activities -$164.6M -$879.1M
Cash From Financing Activities $52.21M $407.0M
Net Change In Cash $34.63M -$101.9M
YoY Change -136.18% -266.53%
FREE CASH FLOW
Cash From Operating Activities $147.0M $370.3M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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IncreaseDecreaseInDeferredRevenue
14466000 usd
CY2023 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
29601000 usd
CY2022 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-23414000 usd
CY2024 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
370254000 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
437737000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
372865000 usd
CY2024 us-gaap Payments For Flight Equipment
PaymentsForFlightEquipment
1240183000 usd
CY2023 us-gaap Payments For Flight Equipment
PaymentsForFlightEquipment
994040000 usd
CY2022 us-gaap Payments For Flight Equipment
PaymentsForFlightEquipment
795426000 usd
CY2024 us-gaap Proceeds From Sale Of Flight Equipment
ProceedsFromSaleOfFlightEquipment
361826000 usd
CY2023 us-gaap Proceeds From Sale Of Flight Equipment
ProceedsFromSaleOfFlightEquipment
426454000 usd
CY2022 us-gaap Proceeds From Sale Of Flight Equipment
ProceedsFromSaleOfFlightEquipment
210718000 usd
CY2024 us-gaap Payments For Proceeds From Previous Acquisition
PaymentsForProceedsFromPreviousAcquisition
-5650000 usd
CY2023 us-gaap Payments For Proceeds From Previous Acquisition
PaymentsForProceedsFromPreviousAcquisition
-28393000 usd
CY2022 us-gaap Payments For Proceeds From Previous Acquisition
PaymentsForProceedsFromPreviousAcquisition
202000 usd
CY2024 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
0 usd
CY2023 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
0 usd
CY2022 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
104000 usd
CY2024 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
6408000 usd
CY2023 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-1319000 usd
CY2022 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
1694000 usd
CY2024 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-879115000 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-537874000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-586500000 usd
CY2024 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
200000000 usd
CY2023 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 usd
CY2024 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
0 usd
CY2023 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
0 usd
CY2022 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
392997000 usd
CY2022 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
20000000 usd
CY2023 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
420372000 usd
CY2022 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
646943000 usd
CY2022 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
5339000 usd
CY2024 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
0 usd
CY2023 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
310000 usd
CY2022 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
13372000 usd
CY2024 ayr Security Depositsand Maintenance Payments Received Financing Activities
SecurityDepositsandMaintenancePaymentsReceivedFinancingActivities
159792000 usd
CY2023 ayr Security Depositsand Maintenance Payments Received Financing Activities
SecurityDepositsandMaintenancePaymentsReceivedFinancingActivities
142699000 usd
CY2022 ayr Security Depositsand Maintenance Payments Received Financing Activities
SecurityDepositsandMaintenancePaymentsReceivedFinancingActivities
88891000 usd
CY2024 ayr Security Depositsand Maintenance Payments Returned Financing Activities
SecurityDepositsandMaintenancePaymentsReturnedFinancingActivities
18786000 usd
CY2023 ayr Security Depositsand Maintenance Payments Returned Financing Activities
SecurityDepositsandMaintenancePaymentsReturnedFinancingActivities
20307000 usd
CY2022 ayr Security Depositsand Maintenance Payments Returned Financing Activities
SecurityDepositsandMaintenancePaymentsReturnedFinancingActivities
26857000 usd
CY2024 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
21000000 usd
CY2023 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
21000000 usd
CY2022 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
5658000 usd
CY2024 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
406977000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
161316000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-196281000 usd
CY2024 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-101884000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
61179000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-409916000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
170682000 usd
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
580598000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
129977000 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
CY2024Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
129977000 usd
CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
231861000 usd
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
167891000 usd
CY2024Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
0 usd
CY2023Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
0 usd
CY2022Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
2791000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
129977000 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
CY2024 us-gaap Interest Paid Net
InterestPaidNet
240715000 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
193283000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
200922000 usd
CY2024 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
5135000 usd
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
9511000 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
240000 usd
CY2024 ayr Advance Lease Rentals Security Deposits Maintenance Payments Other Liabilitiesand Other Assets Settled In Sale Of Flight Equipment
AdvanceLeaseRentalsSecurityDepositsMaintenancePaymentsOtherLiabilitiesandOtherAssetsSettledInSaleOfFlightEquipment
55046000 usd
CY2023 ayr Advance Lease Rentals Security Deposits Maintenance Payments Other Liabilitiesand Other Assets Settled In Sale Of Flight Equipment
AdvanceLeaseRentalsSecurityDepositsMaintenancePaymentsOtherLiabilitiesandOtherAssetsSettledInSaleOfFlightEquipment
50758000 usd
CY2022 ayr Advance Lease Rentals Security Deposits Maintenance Payments Other Liabilitiesand Other Assets Settled In Sale Of Flight Equipment
AdvanceLeaseRentalsSecurityDepositsMaintenancePaymentsOtherLiabilitiesandOtherAssetsSettledInSaleOfFlightEquipment
12391000 usd
CY2024 us-gaap Liabilities Assumed1
LiabilitiesAssumed1
28350000 usd
CY2023 us-gaap Liabilities Assumed1
LiabilitiesAssumed1
10810000 usd
CY2022 us-gaap Liabilities Assumed1
LiabilitiesAssumed1
21764000 usd
CY2024 us-gaap Property Plant And Equipment Transfers And Changes
PropertyPlantAndEquipmentTransfersAndChanges
220648000 usd
CY2023 us-gaap Property Plant And Equipment Transfers And Changes
PropertyPlantAndEquipmentTransfersAndChanges
1695000 usd
CY2022 us-gaap Property Plant And Equipment Transfers And Changes
PropertyPlantAndEquipmentTransfersAndChanges
57489000 usd
CY2024 ayr Acquisition Of Investments At Fair Value
AcquisitionOfInvestmentsAtFairValue
0 usd
CY2023 ayr Acquisition Of Investments At Fair Value
AcquisitionOfInvestmentsAtFairValue
10819000 usd
CY2022 ayr Acquisition Of Investments At Fair Value
AcquisitionOfInvestmentsAtFairValue
0 usd
CY2022 us-gaap Stock Issued During Period Value New Issues
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392997000 usd
CY2022 us-gaap Dividends Preferred Stock
DividendsPreferredStock
16159000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-278209000 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
1829699000 usd
CY2023 us-gaap Dividends Preferred Stock
DividendsPreferredStock
21000000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
62759000 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
1871458000 usd
CY2024 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
200000000 usd
CY2024 us-gaap Dividends Preferred Stock
DividendsPreferredStock
21000000 usd
CY2024 us-gaap Net Income Loss
NetIncomeLoss
83316000 usd
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
2133774000 usd
CY2024 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2024 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-bottom:12pt;margin-top:12pt;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>
CY2024 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:12pt;margin-top:12pt;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;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>
CY2024Q1 ayr Numberof Major Financial Institutions
NumberofMajorFinancialInstitutions
5 financial_institution
CY2024 us-gaap Revenue Recognition Leases
RevenueRecognitionLeases
<div style="margin-bottom:12pt;margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10.5pt;font-weight:700;line-height:120%">Lease Revenue Recognition</span></div><div style="margin-bottom: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%">We lease flight equipment under net operating leases with lease terms typically ranging from 3 to 7 years. We generally do not offer renewal terms or purchase options in our leases, although certain of our operating leases allow the lessee the option to extend the lease for an additional term. Operating leases with fixed rentals and step rentals are recognized on a straight-line basis over the term of the initial lease, assuming no renewals.</span></div><div style="margin-bottom: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 certain instances, we may provide lease concessions to customers, generally in the form of lease rental deferrals. While these deferral arrangements affect the timing of lease rental payments, the total amount of lease rental payments required over the lease term is generally the same as that which was required under the original lease agreement. We account for the deferrals as if no modifications to the lease agreements were made and record the deferred rentals as a receivable within other assets.</span></div><div style="margin-bottom: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%">Should we determine that the collectability of rental payments is no longer probable, including any deferral thereof, we will recognize lease rental revenue using a cash basis of accounting rather than an accrual method. In the period we conclude that collection of lease payments is no longer probable, we recognize any difference between revenue amounts recognized to date under the accrual method and payments that have been collected from the lessee, including security deposit amounts held, as a current period adjustment to lease rental revenue.</span></div>
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
792459000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
3090485000 usd
CY2024Q1 ayr Finance Leased Assets Number Of Units
FinanceLeasedAssetsNumberOfUnits
15 aircraft
CY2024 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityTransfersNet
0 usd
CY2024 us-gaap Asset Impairment Charges
AssetImpairmentCharges
55200000 usd
CY2023Q4 us-gaap Proceeds From Insurance Settlement Operating Activities
ProceedsFromInsuranceSettlementOperatingActivities
43200000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
613668000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
523495000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
459657000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
387353000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
313853000 usd
CY2023Q1 ayr Finance Leased Assets Number Of Units
FinanceLeasedAssetsNumberOfUnits
4 aircraft
CY2024Q1 us-gaap Direct Financing Lease Lease Receivable
DirectFinancingLeaseLeaseReceivable
142983000 usd
CY2023Q1 us-gaap Direct Financing Lease Lease Receivable
DirectFinancingLeaseLeaseReceivable
31674000 usd
CY2024Q1 us-gaap Direct Financing Lease Unguaranteed Residual Asset
DirectFinancingLeaseUnguaranteedResidualAsset
147170000 usd
CY2023Q1 us-gaap Direct Financing Lease Unguaranteed Residual Asset
DirectFinancingLeaseUnguaranteedResidualAsset
37287000 usd
CY2024Q1 us-gaap Net Investment In Lease
NetInvestmentInLease
290153000 usd
CY2023Q1 us-gaap Net Investment In Lease
NetInvestmentInLease
68961000 usd
CY2024Q1 us-gaap Direct Financing Lease Net Investment In Lease Allowance For Credit Loss
DirectFinancingLeaseNetInvestmentInLeaseAllowanceForCreditLoss
7714000 usd
CY2023Q1 us-gaap Direct Financing Lease Net Investment In Lease Allowance For Credit Loss
DirectFinancingLeaseNetInvestmentInLeaseAllowanceForCreditLoss
1267000 usd
CY2024Q1 us-gaap Net Investment In Lease After Allowance For Credit Loss
NetInvestmentInLeaseAfterAllowanceForCreditLoss
282439000 usd
CY2023Q1 us-gaap Net Investment In Lease After Allowance For Credit Loss
NetInvestmentInLeaseAfterAllowanceForCreditLoss
67694000 usd
CY2024Q1 ayr Net Investment In Lease Number Of Leased Assets Transferred In Out
NetInvestmentInLeaseNumberOfLeasedAssetsTransferredInOut
12 aircraft
CY2024Q1 ayr Net Investment In Lease Number Of Leased Assets Transferred In Out
NetInvestmentInLeaseNumberOfLeasedAssetsTransferredInOut
12 aircraft
CY2024 ayr Number Of Finance Leased Aircraft Sold
NumberOfFinanceLeasedAircraftSold
1 aircraft
CY2024Q1 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Next Twelve Months
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedNextTwelveMonths
28151000 usd
CY2024Q1 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Two Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedTwoYears
17262000 usd
CY2024Q1 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Three Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedThreeYears
26160000 usd
CY2024Q1 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Four Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedFourYears
27163000 usd
CY2024Q1 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Five Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedFiveYears
26716000 usd
CY2024Q1 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Thereafter
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedThereafter
65194000 usd
CY2024Q1 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceived
190646000 usd
CY2024Q1 us-gaap Sales Type And Direct Financing Leases Lease Receivable Undiscounted Excess Amount
SalesTypeAndDirectFinancingLeasesLeaseReceivableUndiscountedExcessAmount
142983000 usd
CY2024Q1 us-gaap Sales Type And Direct Financing Leases Lease Receivable
SalesTypeAndDirectFinancingLeasesLeaseReceivable
47663000 usd
CY2024Q1 ayr Property Subject To Or Available For Operating Lease Number Of Units1
PropertySubjectToOrAvailableForOperatingLeaseNumberOfUnits1
243 aircraft
CY2024 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
CY2024Q1 ayr Numberof Offlease Aircraft Marketedfor Leaseor Sale
NumberofOffleaseAircraftMarketedforLeaseorSale
3 aircraft
CY2024 us-gaap Concentration Risk Percentage1
ConcentrationRiskPercentage1
1
CY2023 us-gaap Concentration Risk Percentage1
ConcentrationRiskPercentage1
1
CY2022 us-gaap Concentration Risk Percentage1
ConcentrationRiskPercentage1
1
CY2024Q1 ayr Totalnumberofaircraftownedbyjointventures
Totalnumberofaircraftownedbyjointventures
9 aircraft
CY2023Q1 us-gaap Equity Method Investments
EquityMethodInvestments
40505000 usd
CY2022Q1 us-gaap Equity Method Investments
EquityMethodInvestments
38317000 usd
CY2024 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2205000 usd
CY2023 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2188000 usd
CY2024Q1 us-gaap Equity Method Investments
EquityMethodInvestments
42710000 usd
CY2023Q1 us-gaap Equity Method Investments
EquityMethodInvestments
40505000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
20803000 usd
CY2024 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
79347000 usd
CY2024Q1 us-gaap Long Term Debt
LongTermDebt
4698496000 usd
CY2023Q1 us-gaap Long Term Debt
LongTermDebt
4594752000 usd
CY2024Q1 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0545
CY2024Q1 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
2100000000 usd
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Rolling Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths
824514000 usd
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo
779194000 usd
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearThree
683380000 usd
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFour
785343000 usd
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFive
1337374000 usd
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingAfterYearFive
343646000 usd
CY2024Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
4753451000 usd
CY2024Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2023Q3 us-gaap Common Stock Shares Subscriptions
CommonStockSharesSubscriptions
500000000 usd
CY2023Q3 ayr Number Of Tranches For Subscription Agreement
NumberOfTranchesForSubscriptionAgreement
2 numberoftranchesforsubscriptionagreement
CY2023Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
1516 shares
CY2023Q2 us-gaap Dividends Preferred Stock
DividendsPreferredStock
10500000 usd
CY2023Q4 us-gaap Dividends Preferred Stock
DividendsPreferredStock
10500000 usd
CY2024Q1 us-gaap Dividends Preferred Stock
DividendsPreferredStock
10500000 usd
CY2024 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
25029000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
21172000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
64865000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-310054000 usd
CY2024 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
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Files In Submission

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