2024 Q3 Form 10-Q Financial Statement

#000162828024031668 Filed on July 11, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $216.7M $205.2M
YoY Change 4474.92% -6.1%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $20.09M $22.06M
YoY Change 6.4% 5.86%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $87.68M $89.36M
YoY Change 1.56% 0.64%
% of Gross Profit
Operating Expenses $180.5M $185.7M
YoY Change 5.31% 1.44%
Operating Profit
YoY Change
Interest Expense $66.01M $66.21M
YoY Change 5.74% 10.53%
% of Operating Profit
Other Income/Expense, Net $1.011M -$304.0K
YoY Change -70.02% -122.74%
Pretax Income $5.688M $4.996M
YoY Change -13.66% 16.67%
Income Tax $9.028M $3.600M
% Of Pretax Income 158.72% 72.06%
Net Earnings $28.66M $16.08M
YoY Change 419.37% -29.38%
Net Earnings / Revenue 13.23% 7.84%
Basic Earnings Per Share
Diluted Earnings Per Share
COMMON SHARES
Basic Shares Outstanding 17.84K shares 15.56K shares
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $432.6M $164.6M
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 $43.71M $43.23M
YoY Change 5.66% 5.67%
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $7.834B $7.823B
YoY Change 6.33%
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 $5.366B $5.673B
YoY Change 3.85%
SHAREHOLDERS EQUITY
Retained Earnings $89.24M $71.08M
YoY Change 359.95%
Common Stock $2.379B $2.079B
YoY Change 10.65%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.468B $2.150B
YoY Change
Total Liabilities & Shareholders Equity $7.834B $7.823B
YoY Change 6.33%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $28.66M $16.08M
YoY Change 419.37% -29.38%
Depreciation, Depletion And Amortization $87.68M $89.36M
YoY Change 1.56% 0.64%
Cash From Operating Activities $147.0M
YoY Change 46.35%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $209.0K
YoY Change -92.79%
Cash From Investing Activities -$164.6M
YoY Change -38.2%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $520.1M
YoY Change -8.62%
Cash From Financing Activities $52.21M
YoY Change -25.6%
NET CHANGE
Cash From Operating Activities $147.0M
Cash From Investing Activities -$164.6M
Cash From Financing Activities $52.21M
Net Change In Cash $34.63M
YoY Change -136.18%
FREE CASH FLOW
Cash From Operating Activities $147.0M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2024Q2 ayr Property Plant And Equipment Lessor Asset Under Operating Lease After Accumulated Depreciation
PropertyPlantAndEquipmentLessorAssetUnderOperatingLeaseAfterAccumulatedDepreciation
7047120000 usd
CY2024Q1 ayr Property Plant And Equipment Lessor Asset Under Operating Lease After Accumulated Depreciation
PropertyPlantAndEquipmentLessorAssetUnderOperatingLeaseAfterAccumulatedDepreciation
6940502000 usd
CY2024Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
15564 shares
CY2024Q2 ayr Sales Type And Direct Financing Lease Revenue
SalesTypeAndDirectFinancingLeaseRevenue
5457000 usd
CY2023Q2 ayr Sales Type And Direct Financing Lease Revenue
SalesTypeAndDirectFinancingLeaseRevenue
1073000 usd
CY2024Q2 ayr Amortizationof Lease Incentives Premiumsand Discounts Net
AmortizationofLeaseIncentivesPremiumsandDiscountsNet
6649000 usd
CY2023Q2 ayr Amortizationof Lease Incentives Premiumsand Discounts Net
AmortizationofLeaseIncentivesPremiumsandDiscountsNet
7207000 usd
CY2024Q2 ayr Lease Income Maintenance Revenue
LeaseIncomeMaintenanceRevenue
42149000 usd
CY2023Q2 ayr Lease Income Maintenance Revenue
LeaseIncomeMaintenanceRevenue
34520000 usd
CY2024Q2 us-gaap Lease Income
LeaseIncome
203527000 usd
CY2023Q2 us-gaap Lease Income
LeaseIncome
175121000 usd
CY2024Q2 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
1010000 usd
CY2023Q2 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
42594000 usd
CY2024Q2 us-gaap Other Income
OtherIncome
636000 usd
CY2023Q2 us-gaap Other Income
OtherIncome
776000 usd
CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
205173000 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
218491000 usd
CY2024Q2 us-gaap Depreciation
Depreciation
89358000 usd
CY2023Q2 us-gaap Depreciation
Depreciation
88789000 usd
CY2024Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-64813000 usd
CY2023Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-56891000 usd
CY2024Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
22055000 usd
CY2023Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
20835000 usd
CY2024Q2 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-145000 usd
CY2023Q2 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
6959000 usd
CY2024Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
5211000 usd
CY2023Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
1097000 usd
CY2024Q2 us-gaap Aircraft Maintenance Materials And Repairs
AircraftMaintenanceMaterialsAndRepairs
4443000 usd
CY2023Q2 us-gaap Aircraft Maintenance Materials And Repairs
AircraftMaintenanceMaterialsAndRepairs
8533000 usd
CY2024Q2 us-gaap Operating Expenses
OperatingExpenses
185735000 usd
CY2023Q2 us-gaap Operating Expenses
OperatingExpenses
183104000 usd
CY2024Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-304000 usd
CY2023Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1337000 usd
CY2024Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-304000 usd
CY2023Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
1337000 usd
CY2024Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
19134000 usd
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
36724000 usd
CY2024Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3572000 usd
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
14360000 usd
CY2024Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
519000 usd
CY2023Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
406000 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
16081000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
22770000 usd
CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
16081000 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
22770000 usd
CY2024Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
16081000 usd
CY2023Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
22770000 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
16081000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
22770000 usd
CY2024Q2 us-gaap Depreciation
Depreciation
89358000 usd
CY2023Q2 us-gaap Depreciation
Depreciation
88789000 usd
CY2024Q2 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
4343000 usd
CY2023Q2 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
4031000 usd
CY2024Q2 ayr Amortizationof Lease Incentives Premiumsand Discounts Net
AmortizationofLeaseIncentivesPremiumsandDiscountsNet
6649000 usd
CY2023Q2 ayr Amortizationof Lease Incentives Premiumsand Discounts Net
AmortizationofLeaseIncentivesPremiumsandDiscountsNet
7207000 usd
CY2024Q2 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
5314000 usd
CY2023Q2 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
3812000 usd
CY2024Q2 ayr Proceedsfrom Collectionof Lease Investments
ProceedsfromCollectionofLeaseInvestments
713000 usd
CY2023Q2 ayr Proceedsfrom Collectionof Lease Investments
ProceedsfromCollectionofLeaseInvestments
927000 usd
CY2024Q2 ayr Security Deposits And Maintenance Payments Included In Earnings Net
SecurityDepositsAndMaintenancePaymentsIncludedInEarningsNet
2210000 usd
CY2023Q2 ayr Security Deposits And Maintenance Payments Included In Earnings Net
SecurityDepositsAndMaintenancePaymentsIncludedInEarningsNet
3203000 usd
CY2024Q2 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
1010000 usd
CY2023Q2 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
42594000 usd
CY2024Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
5211000 usd
CY2023Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
1097000 usd
CY2024Q2 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-145000 usd
CY2023Q2 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
6959000 usd
CY2024Q2 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
508000 usd
CY2023Q2 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
397000 usd
CY2024Q2 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1273000 usd
CY2023Q2 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-3209000 usd
CY2024Q2 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
2927000 usd
CY2023Q2 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
3607000 usd
CY2024Q2 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
17967000 usd
CY2023Q2 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
2272000 usd
CY2024Q2 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
9441000 usd
CY2023Q2 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
9178000 usd
CY2024Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
147004000 usd
CY2023Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
100450000 usd
CY2024Q2 us-gaap Payments For Flight Equipment
PaymentsForFlightEquipment
224935000 usd
CY2023Q2 us-gaap Payments For Flight Equipment
PaymentsForFlightEquipment
322151000 usd
CY2024Q2 us-gaap Proceeds From Sale Of Flight Equipment
ProceedsFromSaleOfFlightEquipment
25379000 usd
CY2023Q2 us-gaap Proceeds From Sale Of Flight Equipment
ProceedsFromSaleOfFlightEquipment
53782000 usd
CY2024Q2 us-gaap Payments For Proceeds From Previous Acquisition
PaymentsForProceedsFromPreviousAcquisition
-35181000 usd
CY2023Q2 us-gaap Payments For Proceeds From Previous Acquisition
PaymentsForProceedsFromPreviousAcquisition
-4947000 usd
CY2024Q2 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
209000 usd
CY2023Q2 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
2900000 usd
CY2024Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-164584000 usd
CY2023Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-266322000 usd
CY2024Q2 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
550000000 usd
CY2023Q2 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
624911000 usd
CY2024Q2 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
520118000 usd
CY2023Q2 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
569206000 usd
CY2024Q2 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
48000 usd
CY2023Q2 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
527000 usd
CY2024Q2 ayr Security Depositsand Maintenance Payments Received Financing Activities
SecurityDepositsandMaintenancePaymentsReceivedFinancingActivities
34960000 usd
CY2023Q2 ayr Security Depositsand Maintenance Payments Received Financing Activities
SecurityDepositsandMaintenancePaymentsReceivedFinancingActivities
31620000 usd
CY2024Q2 ayr Security Depositsand Maintenance Payments Returned Financing Activities
SecurityDepositsandMaintenancePaymentsReturnedFinancingActivities
2087000 usd
CY2023Q2 ayr Security Depositsand Maintenance Payments Returned Financing Activities
SecurityDepositsandMaintenancePaymentsReturnedFinancingActivities
6131000 usd
CY2024Q2 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
10500000 usd
CY2023Q2 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
10500000 usd
CY2024Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
52207000 usd
CY2023Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
70167000 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
34627000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-95705000 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
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
164604000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
136156000 usd
CY2024Q2 us-gaap Interest Paid Net
InterestPaidNet
25937000 usd
CY2023Q2 us-gaap Interest Paid Net
InterestPaidNet
54053000 usd
CY2024Q2 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
13000 usd
CY2023Q2 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-31000 usd
CY2024Q2 ayr Advance Lease Rentals Security Deposits Maintenance Payments Other Liabilitiesand Other Assets Assumedin Acquisitionof Flight Equipment
AdvanceLeaseRentalsSecurityDepositsMaintenancePaymentsOtherLiabilitiesandOtherAssetsAssumedinAcquisitionofFlightEquipment
7318000 usd
CY2023Q2 ayr Advance Lease Rentals Security Deposits Maintenance Payments Other Liabilitiesand Other Assets Assumedin Acquisitionof Flight Equipment
AdvanceLeaseRentalsSecurityDepositsMaintenancePaymentsOtherLiabilitiesandOtherAssetsAssumedinAcquisitionofFlightEquipment
12927000 usd
CY2024Q2 ayr Advance Lease Rentals Security Deposits Maintenance Payments Other Liabilitiesand Other Assets Settled In Sale Of Flight Equipment
AdvanceLeaseRentalsSecurityDepositsMaintenancePaymentsOtherLiabilitiesandOtherAssetsSettledInSaleOfFlightEquipment
1273000 usd
CY2023Q2 ayr Advance Lease Rentals Security Deposits Maintenance Payments Other Liabilitiesand Other Assets Settled In Sale Of Flight Equipment
AdvanceLeaseRentalsSecurityDepositsMaintenancePaymentsOtherLiabilitiesandOtherAssetsSettledInSaleOfFlightEquipment
8177000 usd
CY2024Q2 us-gaap Property Plant And Equipment Transfers And Changes
PropertyPlantAndEquipmentTransfersAndChanges
6310000 usd
CY2023Q2 us-gaap Property Plant And Equipment Transfers And Changes
PropertyPlantAndEquipmentTransfersAndChanges
182818000 usd
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
2133774000 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
16081000 usd
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
2149855000 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
1871458000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
22770000 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
1894228000 usd
CY2024Q2 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2024Q2 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>
CY2024Q2 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>
CY2024Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityTransfersNet
0 usd
CY2023Q4 us-gaap Proceeds From Insurance Settlement Operating Activities
ProceedsFromInsuranceSettlementOperatingActivities
43200000 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
486338000 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
568827000 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
499094000 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
413929000 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
327574000 usd
CY2024Q2 ayr Lessor Operating Lease Payment To Be Received After Year Four
LessorOperatingLeasePaymentToBeReceivedAfterYearFour
829457000 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
3125219000 usd
CY2024Q2 ayr Net Investment In Lease Number Of Leased Assets
NetInvestmentInLeaseNumberOfLeasedAssets
15 aircraft
CY2024Q2 us-gaap Sales Type And Direct Financing Leases Lease Receivable
SalesTypeAndDirectFinancingLeasesLeaseReceivable
138724000 usd
CY2024Q1 us-gaap Sales Type And Direct Financing Leases Lease Receivable
SalesTypeAndDirectFinancingLeasesLeaseReceivable
142983000 usd
CY2024Q2 ayr Sales Type And Direct Financing Lease Unguaranteed Residual Asset
SalesTypeAndDirectFinancingLeaseUnguaranteedResidualAsset
148746000 usd
CY2024Q1 ayr Sales Type And Direct Financing Lease Unguaranteed Residual Asset
SalesTypeAndDirectFinancingLeaseUnguaranteedResidualAsset
147170000 usd
CY2024Q2 ayr Net Investment In Lease Direct Financing And Sales Type Leases Before Allowance
NetInvestmentInLeaseDirectFinancingAndSalesTypeLeasesBeforeAllowance
287470000 usd
CY2024Q1 ayr Net Investment In Lease Direct Financing And Sales Type Leases Before Allowance
NetInvestmentInLeaseDirectFinancingAndSalesTypeLeasesBeforeAllowance
290153000 usd
CY2024Q2 us-gaap Net Investment In Lease Allowance For Credit Loss
NetInvestmentInLeaseAllowanceForCreditLoss
7569000 usd
CY2024Q1 us-gaap Net Investment In Lease Allowance For Credit Loss
NetInvestmentInLeaseAllowanceForCreditLoss
7714000 usd
CY2024Q2 us-gaap Net Investment In Lease
NetInvestmentInLease
279901000 usd
CY2024Q1 us-gaap Net Investment In Lease
NetInvestmentInLease
282439000 usd
CY2024Q2 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Remainder Of Fiscal Year
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedRemainderOfFiscalYear
21763000 usd
CY2024Q2 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Next Twelve Months
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedNextTwelveMonths
17262000 usd
CY2024Q2 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Two Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedTwoYears
26160000 usd
CY2024Q2 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Three Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedThreeYears
27163000 usd
CY2024Q2 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Four Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedFourYears
26716000 usd
CY2024Q2 ayr Sales Type And Direct Financing Leases Lease Receivable To Be Received After Year Four
SalesTypeAndDirectFinancingLeasesLeaseReceivableToBeReceivedAfterYearFour
65194000 usd
CY2024Q2 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceived
184258000 usd
CY2024Q2 us-gaap Sales Type And Direct Financing Leases Lease Receivable Undiscounted Excess Amount
SalesTypeAndDirectFinancingLeasesLeaseReceivableUndiscountedExcessAmount
138724000 usd
CY2024Q2 ayr Differencebetweenthe Present Valueand Undiscounted Sales Typeand Direct Financing Lease Receivable
DifferencebetweenthePresentValueandUndiscountedSalesTypeandDirectFinancingLeaseReceivable
45534000 usd
CY2024Q2 ayr Numberof Offlease Aircraft Marketedfor Lease
NumberofOffleaseAircraftMarketedforLease
3 aircraft
CY2024Q1 ayr Numberof Offlease Aircraft Marketedfor Leaseor Sale
NumberofOffleaseAircraftMarketedforLeaseorSale
3 aircraft
CY2024Q2 ayr Property Subject To Or Available For Operating Lease Number Of Units1
PropertySubjectToOrAvailableForOperatingLeaseNumberOfUnits1
250 aircraft
CY2024Q2 us-gaap Concentration Risk Percentage1
ConcentrationRiskPercentage1
1
CY2024Q1 ayr Property Subject To Or Available For Operating Lease Number Of Units1
PropertySubjectToOrAvailableForOperatingLeaseNumberOfUnits1
243 aircraft
CY2024 us-gaap Concentration Risk Percentage1
ConcentrationRiskPercentage1
1
CY2024Q2 ayr Numberof Offlease Aircraft Marketedfor Lease
NumberofOffleaseAircraftMarketedforLease
3 aircraft
CY2024Q2 us-gaap Concentration Risk Percentage1
ConcentrationRiskPercentage1
1
CY2023Q2 us-gaap Concentration Risk Percentage1
ConcentrationRiskPercentage1
1
CY2024Q1 us-gaap Equity Method Investments
EquityMethodInvestments
42710000 usd
CY2024Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
519000 usd
CY2024Q2 us-gaap Equity Method Investments
EquityMethodInvestments
43229000 usd
CY2024Q2 us-gaap Secured Debt
SecuredDebt
855908000 usd
CY2024Q2 ayr Numberof Aircraft Financed
NumberofAircraftFinanced
aircraft
CY2024Q1 us-gaap Secured Debt
SecuredDebt
875397000 usd
CY2024Q2 us-gaap Unsecured Debt
UnsecuredDebt
3876765000 usd
CY2024Q1 us-gaap Unsecured Debt
UnsecuredDebt
3823099000 usd
CY2024Q2 us-gaap Long Term Debt
LongTermDebt
4732673000 usd
CY2024Q1 us-gaap Long Term Debt
LongTermDebt
4698496000 usd
CY2024Q2 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
1600000000 usd
CY2024Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2023Q3 us-gaap Common Stock Shares Subscriptions
CommonStockSharesSubscriptions
500000000 usd
CY2023Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
1516 shares
CY2024Q2 us-gaap Dividends Preferred Stock
DividendsPreferredStock
10500000 usd
CY2024Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
4996000 usd
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
4282000 usd
CY2024Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
14138000 usd
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
32442000 usd
CY2024Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
19134000 usd
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
36724000 usd
CY2024Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3600000 usd
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
14400000 usd
CY2024Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.187
CY2023Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.391
CY2024Q2 ayr Interest Expense Debt Settlement Of Derivatives And Other Liabilities
InterestExpenseDebtSettlementOfDerivativesAndOtherLiabilities
61867000 usd
CY2023Q2 ayr Interest Expense Debt Settlement Of Derivatives And Other Liabilities
InterestExpenseDebtSettlementOfDerivativesAndOtherLiabilities
55872000 usd
CY2024Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
4343000 usd
CY2023Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
4031000 usd
CY2024Q2 us-gaap Interest Expense
InterestExpense
66210000 usd
CY2023Q2 us-gaap Interest Expense
InterestExpense
59903000 usd
CY2024Q2 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
735000 usd
CY2023Q2 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
2292000 usd
CY2024Q2 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
662000 usd
CY2023Q2 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
720000 usd
CY2024Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-64813000 usd
CY2023Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-56891000 usd
CY2024Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
500000 usd
CY2023Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
600000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
2206000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
2781000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
2720000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
2751000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1958000 usd
CY2024Q2 ayr Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
15601000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
28017000 usd
CY2024Q2 us-gaap Unrecorded Unconditional Purchase Obligation Minimum Quantity Required
UnrecordedUnconditionalPurchaseObligationMinimumQuantityRequired
15 aircraft
CY2024Q2 us-gaap Purchase Obligation
PurchaseObligation
502500000 usd
CY2024Q2 us-gaap Purchase Obligation Future Minimum Payments Remainder Of Fiscal Year
PurchaseObligationFutureMinimumPaymentsRemainderOfFiscalYear
199505000 usd
CY2024Q2 us-gaap Purchase Obligation Due In Next Twelve Months
PurchaseObligationDueInNextTwelveMonths
205100000 usd
CY2024Q2 us-gaap Purchase Obligation Due In Second Year
PurchaseObligationDueInSecondYear
97877000 usd
CY2024Q2 us-gaap Purchase Obligation Due In Third Year
PurchaseObligationDueInThirdYear
0 usd
CY2024Q2 us-gaap Purchase Obligation Due In Fourth Year
PurchaseObligationDueInFourthYear
0 usd
CY2024Q2 ayr Purchase Obligation To Be Paid After Year Four
PurchaseObligationToBePaidAfterYearFour
0 usd
CY2024Q2 us-gaap Purchase Obligation
PurchaseObligation
502482000 usd
CY2024Q2 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
48000 usd
CY2024Q1 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
48000 usd
CY2024Q2 ayr Lease Incentivesand Lease Premiums Accumulated Amortization
LeaseIncentivesandLeasePremiumsAccumulatedAmortization
94852000 usd
CY2024Q1 ayr Lease Incentivesand Lease Premiums Accumulated Amortization
LeaseIncentivesandLeasePremiumsAccumulatedAmortization
90408000 usd
CY2024Q2 ayr Lease Incentives And Lease Premiums Net
LeaseIncentivesAndLeasePremiumsNet
47024000 usd
CY2024Q1 ayr Lease Incentives And Lease Premiums Net
LeaseIncentivesAndLeasePremiumsNet
37459000 usd
CY2024Q2 us-gaap Disposal Group Including Discontinued Operation Property Plant And Equipment
DisposalGroupIncludingDiscontinuedOperationPropertyPlantAndEquipment
24438000 usd
CY2024Q1 us-gaap Disposal Group Including Discontinued Operation Property Plant And Equipment
DisposalGroupIncludingDiscontinuedOperationPropertyPlantAndEquipment
19190000 usd
CY2024Q2 us-gaap Deposits On Flight Equipment
DepositsOnFlightEquipment
42353000 usd
CY2024Q1 us-gaap Deposits On Flight Equipment
DepositsOnFlightEquipment
42784000 usd
CY2024Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
15712000 usd
CY2024Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
16053000 usd
CY2024Q2 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
12908000 usd
CY2024Q1 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
15825000 usd
CY2024Q2 ayr Investments At Fair Value
InvestmentsAtFairValue
9730000 usd
CY2024Q1 ayr Investments At Fair Value
InvestmentsAtFairValue
10160000 usd
CY2024Q2 us-gaap Other Investments
OtherInvestments
5079000 usd
CY2024Q1 us-gaap Other Investments
OtherInvestments
5079000 usd
CY2024Q2 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
121166000 usd
CY2024Q1 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
125209000 usd
CY2024Q2 us-gaap Other Assets
OtherAssets
278458000 usd
CY2024Q1 us-gaap Other Assets
OtherAssets
271807000 usd
CY2024Q1 us-gaap Net Investment In Lease Allowance For Credit Loss
NetInvestmentInLeaseAllowanceForCreditLoss
7714000 usd
CY2024Q1 ayr Other Investments Net Allowance For Credit Loss
OtherInvestmentsNetAllowanceForCreditLoss
3209000 usd
CY2024Q1 ayr Deferred Rent Receivables Net Allowance For Credit Loss
DeferredRentReceivablesNetAllowanceForCreditLoss
2146000 usd
CY2024Q1 ayr Allowance For Credit Loss
AllowanceForCreditLoss
13069000 usd
CY2024Q2 us-gaap Net Investment In Lease Credit Loss Expense Reversal
NetInvestmentInLeaseCreditLossExpenseReversal
-145000 usd
CY2024Q2 ayr Credit Loss Expense Reversal
CreditLossExpenseReversal
-145000 usd
CY2024Q2 us-gaap Net Investment In Lease Allowance For Credit Loss
NetInvestmentInLeaseAllowanceForCreditLoss
7569000 usd
CY2024Q2 ayr Other Investments Net Allowance For Credit Loss
OtherInvestmentsNetAllowanceForCreditLoss
3209000 usd
CY2024Q2 ayr Deferred Rent Receivables Net Allowance For Credit Loss
DeferredRentReceivablesNetAllowanceForCreditLoss
2146000 usd
CY2024Q2 ayr Allowance For Credit Loss
AllowanceForCreditLoss
12924000 usd
CY2024Q2 us-gaap Accounts Payable And Other Accrued Liabilities
AccountsPayableAndOtherAccruedLiabilities
72214000 usd
CY2024Q1 us-gaap Accounts Payable And Other Accrued Liabilities
AccountsPayableAndOtherAccruedLiabilities
68185000 usd
CY2024Q2 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
105719000 usd
CY2024Q1 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
100405000 usd
CY2024Q2 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
62772000 usd
CY2024Q1 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
27507000 usd
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
18755000 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
19193000 usd
CY2024Q2 ayr Lease Discount Accumulated Amortization
LeaseDiscountAccumulatedAmortization
44213000 usd
CY2024Q1 ayr Lease Discount Accumulated Amortization
LeaseDiscountAccumulatedAmortization
43519000 usd
CY2024Q2 ayr Lease Discount Accrued After Accumulated Amortization
LeaseDiscountAccruedAfterAccumulatedAmortization
12241000 usd
CY2024Q1 ayr Lease Discount Accrued After Accumulated Amortization
LeaseDiscountAccruedAfterAccumulatedAmortization
4298000 usd
CY2024Q2 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
271701000 usd
CY2024Q1 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
219588000 usd

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