Air Lease (AL) Financials

$42.58 +1.42 (+3.45%)

As of 03:58 PM Eastern

Annual Income Statements for Air Lease

This table shows Air Lease's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	253	375	756	511	575	501	408	-139	573	372
Consolidated Net Income / (Loss)	253	375	756	511	587	516	437	-97	615	428
Net Income / (Loss) Continuing Operations	253	375	756	511	587	525	437	-97	615	428
Total Pre-Tax Income	393	580	610	640	736	647	541	-139	754	533
Total Operating Income	659	866	897	983	1,170	1,121	1,054	407	1,463	1,370
Total Gross Profit	1,223	1,419	1,516	1,680	2,017	2,015	2,088	2,317	2,685	2,734
Total Revenue	1,223	1,419	1,516	1,680	2,017	2,015	2,088	2,317	2,685	2,734
Operating Revenue	1,223	1,419	1,516	1,680	2,017	2,015	2,088	2,317	2,685	2,734
Total Cost of Revenue	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Operating Expenses	564	553	619	697	847	894	1,034	1,910	1,222	1,364
Selling, General & Admin Expense	77	83	91	97	124	96	125	157	186	186
Depreciation Expense	398	453	508	582	703	781	883	966	1,069	1,144
Other Operating Expenses / (Income)	-	-	-	-	-	-	0.00	771	-67	0.00
Other Special Charges / (Income)	89	17	20	17	21	18	27	16	35	34
Total Other Income / (Expense), net	-266	-286	-287	-343	-429	-466	-513	-546	-709	-837
Interest Expense	266	286	258	310	397	432	462	493	655	782
Other Income / (Expense), net	-	-	-29	-33	-31	-34	-51	-53	-54	-55
Income Tax Expense	140	205	-147	129	149	130	104	-42	139	106
Preferred Stock Dividends Declared	-	-	-	0.00	12	15	28	42	42	56
Basic Earnings per Share	$2.47	$3.65	$7.33	$4.88	$5.14	$4.41	$3.58	($1.24)	$5.16	$3.34
Weighted Average Basic Shares Outstanding	102.55M	102.80M	103.19M	104.72M	111.90M	113.68M	114.05M	111.63M	111.01M	111.33M
Diluted Earnings per Share	$2.34	$3.44	$6.82	$4.60	$5.09	$4.39	$3.57	($1.24)	$5.14	$3.33
Weighted Average Diluted Shares Outstanding	110.63M	110.80M	111.66M	112.36M	113.09M	114.01M	114.45M	111.63M	111.44M	111.87M
Weighted Average Basic & Diluted Shares Outstanding	102.60M	102.70M	103.20M	104.70M	113.35M	113.87M	114.05M	110.91M	111.03M	111.38M
Cash Dividends to Common per Share	$0.17	$0.23	$0.33	$0.43	$0.54	$0.61	$0.67	$0.76	$0.81	$0.85

This table shows Air Lease's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	100	135	118	122	122	211	97	90	92	93
Consolidated Net Income / (Loss)	110	145	129	132	132	221	108	103	104	113
Net Income / (Loss) Continuing Operations	124	142	129	132	132	221	121	103	104	100
Total Pre-Tax Income	138	180	158	164	165	266	135	128	130	140
Total Operating Income	273	328	323	350	340	449	330	331	348	361
Total Gross Profit	561	602	636	673	659	717	663	667	690	713
Total Revenue	561	602	636	673	659	717	663	667	690	713
Operating Revenue	561	602	636	673	659	717	663	667	690	713
Total Operating Expenses	288	274	313	323	319	267	333	336	342	352
Selling, General & Admin Expense	40	46	48	46	43	50	48	45	44	48
Depreciation Expense	243	253	260	269	267	273	277	282	290	294
Other Special Charges / (Income)	5.76	5.80	5.90	8.72	8.72	11	8.28	8.84	7.92	8.86
Total Other Income / (Expense), net	-122	-156	-165	-186	-175	-183	-182	-203	-217	-234
Interest Expense	122	134	152	172	162	169	182	190	203	207
Income Tax Expense	27	35	30	32	33	45	27	25	26	27
Preferred Stock Dividends Declared	10	10	10	10	10	10	10	13	12	20
Basic Earnings per Share	$0.90	$1.12	$1.07	$1.10	$1.10	$1.89	$0.88	$0.81	$0.82	$0.83
Weighted Average Basic Shares Outstanding	110.89M	111.63M	110.94M	111.02M	111.03M	111.01M	111.17M	111.37M	111.38M	111.33M
Diluted Earnings per Share	$0.90	$1.12	$1.06	$1.10	$1.10	$1.88	$0.87	$0.81	$0.82	$0.83
Weighted Average Diluted Shares Outstanding	111.09M	111.63M	111.20M	111.24M	111.35M	111.44M	111.53M	111.74M	111.80M	111.87M
Weighted Average Basic & Diluted Shares Outstanding	110.89M	110.91M	111.02M	111.03M	111.03M	111.03M	111.37M	111.38M	111.38M	111.38M
Cash Dividends to Common per Share	$0.19	$0.20	$0.20	$0.20	$0.20	$0.21	$0.21	$0.21	$0.21	$0.22

This table details how cash moves in and out of Air Lease's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	-126	118	17	15	15	1,420	-649	-328	-316	12
Net Cash From Operating Activities	840	1,020	1,060	1,254	1,392	1,090	1,377	1,382	1,747	1,677
Net Cash From Continuing Operating Activities	840	1,020	1,060	1,254	1,392	1,090	1,377	1,382	1,747	1,677
Net Income / (Loss) Continuing Operations	253	375	756	511	587	516	437	-97	615	428
Consolidated Net Income / (Loss)	253	375	756	511	587	516	437	-97	615	428
Depreciation Expense	398	453	508	582	703	781	883	966	1,069	1,144
Amortization Expense	31	49	49	57	70	86	97	101	129	157
Non-Cash Adjustments To Reconcile Net Income	-24	-60	-49	-2.26	-45	-21	-20	674	-261	-195
Changes in Operating Assets and Liabilities, net	182	203	-204	106	78	-272	-20	-262	195	144
Net Cash From Investing Activities	-2,153	-2,006	-2,144	-3,385	-3,844	-2,527	-3,095	-3,404	-2,778	-3,036
Net Cash From Continuing Investing Activities	-2,153	-2,006	-2,144	-3,385	-3,844	-2,527	-3,095	-3,404	-2,778	-3,036
Purchase of Property, Plant & Equipment	-2,906	-2,994	-2,149	-2,800	-3,955	-2,678	-3,233	-3,640	-4,528	-4,561
Sale of Property, Plant & Equipment	753	988	779	391	995	151	138	235	1,685	1,525
Other Investing Activities, net	-	-	-774	-976	-884	-	0.00	0.00	65	0.00
Net Cash From Financing Activities	1,187	1,103	1,102	2,145	2,467	2,857	1,068	1,694	716	1,371
Net Cash From Continuing Financing Activities	1,187	1,103	1,102	2,145	2,467	2,857	1,068	1,694	716	1,371
Repayment of Debt	-333	-1,099	-1,309	-1,527	-990	-1,736	-3,205	-1,073	-2,606	-3,220
Repurchase of Preferred Equity	-	-	-	-	-	-	-	0.00	0.00	-250
Repurchase of Common Equity	-	-	-	-	0.00	0.00	-5.78	-150	0.00	0.00
Payment of Dividends	-16	-21	-31	-42	-70	-84	-101	-125	-130	-141
Issuance of Debt	1,383	2,068	2,265	3,534	2,986	4,640	3,656	2,660	3,074	4,272
Issuance of Preferred Equity	-	-	-	0.00	242	0.00	591	0.00	0.00	295
Other Financing Activities, net	153	155	168	175	253	30	132	381	379	416
Cash Interest Paid	260	294	302	332	442	450	509	534	694	794
Cash Income Taxes Paid	-	1.23	5.50	4.26	17	30	5.73	6.36	7.80	57

This table details how cash moves in and out of Air Lease's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	83	-337	-78	-121	-65	-51	91	-100	9.69	11
Net Cash From Operating Activities	270	424	348	532	401	465	371	414	462	430
Net Cash From Continuing Operating Activities	270	424	348	532	401	465	371	414	462	430
Net Income / (Loss) Continuing Operations	110	145	129	132	132	221	108	103	104	113
Consolidated Net Income / (Loss)	110	145	129	132	132	221	108	103	104	113
Depreciation Expense	243	253	260	269	267	273	277	282	290	294
Amortization Expense	25	27	31	31	33	34	37	40	41	39
Non-Cash Adjustments To Reconcile Net Income	8.16	-69	-36	-41	-47	-137	-43	-53	-43	-56
Changes in Operating Assets and Liabilities, net	-116	68	-36	141	16	73	-8.17	42	70	40
Net Cash From Investing Activities	-695	-689	-1,273	-142	-253	-1,110	-630	-776	-1,271	-358
Net Cash From Continuing Investing Activities	-695	-689	-1,273	-142	-253	-1,110	-630	-776	-1,271	-358
Purchase of Property, Plant & Equipment	-736	-882	-1,295	-1,382	-560	-1,291	-831	-1,007	-1,725	-999
Sale of Property, Plant & Equipment	41	193	21	1,240	307	116	200	230	454	641
Net Cash From Financing Activities	509	-72	846	-511	-213	594	350	262	819	-61
Net Cash From Continuing Financing Activities	509	-72	846	-511	-213	594	350	262	819	-61
Repayment of Debt	-609	260	-1,213	-104	-1,260	-29	-1,479	-1,043	-271	-428
Payment of Dividends	-31	-31	-33	-33	-33	-33	-34	-36	-36	-36
Issuance of Debt	1,050	-408	2,006	-468	1,004	532	1,781	1,243	703	544
Issuance of Preferred Equity	-	-	-	-	-	-	-	-	-	-0.52
Other Financing Activities, net	98	106	86	93	76	124	82	98	127	109
Cash Interest Paid	188	91	198	127	208	161	204	187	201	204
Cash Income Taxes Paid	2.25	0.55	3.57	2.00	0.68	1.55	3.03	18	1.43	35

This table presents Air Lease's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	12,355	13,976	15,614	18,482	21,709	25,215	26,969	28,397	30,452	32,278
Total Current Assets	10,813	12,042	13,280	300	0.00	0.00	0.00	766	0.00	473
Cash & Equivalents	-	-	-	300	-	-	-	766	-	473
Plant, Property, & Equipment, net	0.00	0.00	0.00	15,707	18,704	20,380	22,899	24,538	26,231	28,170
Plant, Property & Equipment, gross	-	-	-	17,985	21,286	23,730	27,102	29,467	31,787	34,169
Accumulated Depreciation	-	-	-	2,278	2,582	3,349	4,203	4,929	5,556	5,998
Total Noncurrent Assets	1,542	1,934	2,334	2,475	3,005	4,835	4,070	3,092	4,221	3,635
Other Noncurrent Operating Assets	1,368	1,643	2,026	2,452	2,667	3,077	2,961	3,092	3,757	3,635
Total Liabilities & Shareholders' Equity	12,355	13,976	15,614	18,482	21,709	25,215	26,969	28,397	30,452	32,278
Total Liabilities	9,335	10,593	11,487	13,675	16,086	19,143	19,960	21,750	23,292	24,745
Total Current Liabilities	216	257	309	382	516	492	612	697	1,164	1,273
Accounts Payable	216	257	309	382	516	492	612	697	1,164	1,273
Total Noncurrent Liabilities	9,119	10,337	11,178	13,293	15,569	18,650	19,348	21,053	22,128	23,472
Long-Term Debt	7,712	8,714	9,699	11,539	13,579	16,518	17,022	18,641	19,183	20,210
Noncurrent Deferred Revenue	91	99	105	120	144	143	139	148	144	137
Noncurrent Deferred & Payable Income Tax Liabilities	462	667	518	644	749	916	1,013	971	1,282	1,320
Other Noncurrent Operating Liabilities	853	856	856	991	1,097	1,073	1,174	1,294	1,520	1,805
Total Equity & Noncontrolling Interests	3,020	3,382	4,127	4,807	5,624	6,072	7,009	6,646	7,160	7,533
Total Preferred & Common Equity	3,020	3,382	4,127	4,807	5,624	6,072	7,009	6,646	7,160	7,533
Preferred Stock	0.00	0.00	0.00	0.00	0.10	0.10	0.11	0.11	0.11	0.01
Total Common Equity	3,019	3,381	4,126	4,807	5,623	6,072	7,008	6,646	7,160	7,533
Common Stock	2,227	2,238	2,260	2,475	2,779	2,794	3,400	3,257	3,288	3,366
Retained Earnings	792	1,143	1,866	2,332	2,846	3,278	3,610	3,387	3,870	4,147
Accumulated Other Comprehensive Income / (Loss)	-	-	-	-	-1.40	0.33	-1.81	2.36	1.78	20

This table presents Air Lease's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	28,224	29,363	29,758	29,672	30,912	31,018	32,154
Total Current Assets	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Plant, Property, & Equipment, net	23,929	25,750	25,516	25,595	26,545	26,789	27,895
Plant, Property & Equipment, gross	28,656	30,925	30,624	30,961	32,274	32,643	33,853
Accumulated Depreciation	4,727	5,175	5,108	5,366	5,729	5,854	5,958
Total Noncurrent Assets	4,295	3,614	4,242	4,077	4,368	4,229	4,259
Long-Term Investments	1,117	702	580	516	556	456	465
Other Noncurrent Operating Assets	3,178	2,912	3,662	3,561	3,812	3,773	3,794
Total Liabilities & Shareholders' Equity	28,224	29,363	29,758	29,672	30,912	31,018	32,154
Total Liabilities	21,696	22,619	22,905	22,711	23,681	23,711	24,478
Total Current Liabilities	604	681	1,428	1,401	1,160	917	1,072
Accounts Payable	604	681	1,428	1,401	1,160	917	1,072
Total Noncurrent Liabilities	21,091	21,937	21,478	21,310	22,520	22,794	23,406
Long-Term Debt	18,769	19,448	18,896	18,646	19,480	19,679	20,162
Noncurrent Deferred Revenue	150	154	141	141	138	129	129
Noncurrent Deferred & Payable Income Tax Liabilities	937	999	1,030	1,062	1,308	1,332	1,358
Other Noncurrent Operating Liabilities	1,236	1,337	1,411	1,461	1,594	1,654	1,757
Total Equity & Noncontrolling Interests	6,528	6,745	6,853	6,961	7,232	7,307	7,676
Total Preferred & Common Equity	6,528	6,745	6,853	6,961	7,232	7,307	7,676
Preferred Stock	0.11	0.11	0.11	0.11	0.11	0.11	0.11
Total Common Equity	6,528	6,744	6,853	6,961	7,232	7,307	7,676
Common Stock	3,251	3,260	3,268	3,277	3,287	3,296	3,600
Retained Earnings	3,274	3,483	3,583	3,683	3,944	4,011	4,079
Accumulated Other Comprehensive Income / (Loss)	2.94	1.82	1.52	1.39	0.66	0.15	-3.11

This table displays calculated financial ratios and metrics derived from Air Lease's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	16.41%	16.05%	6.86%	10.77%	20.08%	-0.07%	3.62%	10.96%	15.87%	1.81%
EBITDA Growth	10.98%	25.79%	4.15%	11.58%	20.22%	2.28%	1.46%	-28.32%	83.42%	0.34%
EBIT Growth	7.11%	31.46%	0.12%	9.54%	19.82%	-4.48%	-7.75%	-64.69%	297.72%	-6.62%
NOPAT Growth	6.51%	31.73%	98.74%	-29.51%	19.02%	-4.09%	-4.98%	-66.47%	318.25%	-7.87%
Net Income Growth	-1.02%	47.96%	101.68%	-32.44%	14.93%	-12.07%	-15.42%	-122.22%	733.47%	-30.41%
EPS Growth	-1.68%	47.01%	98.26%	-32.55%	10.65%	-13.75%	-18.68%	-134.73%	514.52%	-35.21%
Operating Cash Flow Growth	9.20%	21.47%	3.89%	18.34%	11.03%	-21.71%	26.29%	0.39%	26.39%	-4.00%
Free Cash Flow Firm Growth	-47.16%	32.82%	12.57%	-186.74%	-10.90%	43.75%	-15.46%	-5.96%	87.48%	-78.23%
Invested Capital Growth	15.87%	11.80%	14.51%	18.53%	17.73%	10.44%	10.03%	6.97%	5.53%	5.38%
Revenue Q/Q Growth	3.45%	3.18%	1.88%	3.16%	5.14%	-2.87%	6.08%	-0.31%	4.47%	-0.13%
EBITDA Q/Q Growth	4.18%	4.58%	-1.30%	1.38%	3.53%	76.74%	-38.68%	40.99%	3.79%	-4.29%
EBIT Q/Q Growth	4.34%	3.48%	-1.87%	-0.40%	2.36%	322.90%	-56.12%	1,061.81%	5.02%	-9.80%
NOPAT Q/Q Growth	4.22%	3.62%	95.47%	-38.23%	5.00%	18.19%	-36.71%	1,206.44%	10.15%	-7.22%
Net Income Q/Q Growth	4.44%	4.48%	97.93%	-39.44%	4.73%	-9.44%	10.28%	-7.14%	14.06%	-20.18%
EPS Q/Q Growth	4.00%	4.56%	95.42%	-39.31%	3.67%	-9.86%	9.51%	-11.71%	17.35%	-23.97%
Operating Cash Flow Q/Q Growth	7.06%	0.53%	4.90%	6.44%	2.72%	-4.24%	5.75%	-1.70%	2.40%	-2.02%
Free Cash Flow Firm Q/Q Growth	-31.54%	8.69%	-25.24%	-22.27%	28.02%	-261.27%	-16.47%	30.14%	-195.44%	73.29%
Invested Capital Q/Q Growth	2.44%	1.78%	6.88%	4.56%	0.00%	4.59%	2.67%	1.41%	3.14%	-0.37%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	88.92%	96.39%	93.94%	94.63%	94.74%	96.97%	94.95%	61.33%	97.09%	95.68%
Operating Margin	53.90%	61.06%	59.15%	58.51%	57.99%	55.64%	50.47%	17.58%	54.47%	50.12%
EBIT Margin	53.90%	61.06%	57.21%	56.57%	56.45%	53.95%	48.03%	15.28%	52.46%	48.11%
Profit (Net Income) Margin	20.72%	26.42%	49.87%	30.41%	29.11%	25.62%	20.91%	-4.19%	22.89%	15.65%
Tax Burden Percent	64.48%	64.62%	124.05%	79.80%	79.81%	79.83%	80.71%	69.92%	81.55%	80.21%
Interest Burden Percent	59.62%	66.97%	70.27%	67.37%	64.62%	59.47%	53.93%	-39.18%	53.50%	40.54%
Effective Tax Rate	35.52%	35.38%	-24.05%	20.20%	20.19%	20.17%	19.29%	0.00%	18.45%	19.79%
Return on Invested Capital (ROIC)	4.32%	5.01%	8.79%	5.31%	5.35%	4.51%	3.89%	1.20%	4.73%	4.14%
ROIC Less NNEP Spread (ROIC-NNEP)	1.85%	2.69%	4.79%	2.66%	2.52%	1.80%	1.19%	-1.06%	1.57%	0.64%
Return on Net Nonoperating Assets (RNNOA)	4.43%	6.71%	11.35%	6.13%	5.91%	4.32%	2.79%	-2.62%	4.17%	1.69%
Return on Equity (ROE)	8.75%	11.71%	20.14%	11.44%	11.26%	8.83%	6.68%	-1.42%	8.90%	5.82%
Cash Return on Invested Capital (CROIC)	-10.39%	-6.14%	-4.74%	-11.65%	-10.94%	-5.41%	-5.66%	-5.54%	-0.65%	-1.10%
Operating Return on Assets (OROA)	5.72%	6.58%	5.86%	5.57%	5.67%	4.63%	3.84%	1.28%	4.79%	4.19%
Return on Assets (ROA)	2.20%	2.85%	5.11%	3.00%	2.92%	2.20%	1.67%	-0.35%	2.09%	1.36%
Return on Common Equity (ROCE)	8.75%	11.71%	20.13%	11.43%	11.26%	8.83%	6.68%	-1.42%	8.90%	5.82%
Return on Equity Simple (ROE_SIMPLE)	8.39%	11.09%	18.32%	10.63%	10.44%	8.50%	6.23%	-1.46%	8.58%	5.68%
Net Operating Profit after Tax (NOPAT)	425	560	1,113	784	933	895	851	285	1,193	1,099
NOPAT Margin	34.76%	39.45%	73.38%	46.70%	46.28%	44.42%	40.73%	12.31%	44.43%	40.20%
Net Nonoperating Expense Percent (NNEP)	2.47%	2.32%	4.00%	2.65%	2.83%	2.71%	2.70%	2.26%	3.16%	3.49%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	1.13%	4.53%	3.96%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	6.29%	5.85%	6.02%	5.80%	6.13%	4.75%	6.00%	6.77%	6.93%	6.80%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	46.10%	38.94%	40.85%	41.49%	42.01%	44.36%	49.53%	82.42%	45.53%	49.88%
Earnings before Interest and Taxes (EBIT)	659	866	867	950	1,138	1,087	1,003	354	1,409	1,315
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,087	1,368	1,425	1,589	1,911	1,954	1,983	1,421	2,607	2,616
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.99	0.92	1.07	0.59	0.87	0.78	0.69	0.62	0.64	0.71
Price to Tangible Book Value (P/TBV)	0.99	0.92	1.07	0.59	0.87	0.78	0.69	0.62	0.64	0.71
Price to Revenue (P/Rev)	2.44	2.20	2.92	1.69	2.42	2.35	2.30	1.77	1.70	1.96
Price to Earnings (P/E)	11.79	8.33	5.85	5.54	8.50	9.47	11.76	0.00	7.98	14.43
Dividend Yield	0.58%	0.74%	0.76%	1.58%	1.24%	1.46%	1.58%	2.04%	1.97%	1.76%
Earnings Yield	8.48%	12.01%	17.08%	18.04%	11.76%	10.56%	8.50%	0.00%	12.53%	6.93%
Enterprise Value to Invested Capital (EV/IC)	1.00	0.98	1.02	0.88	0.96	0.94	0.90	0.90	0.90	0.92
Enterprise Value to Revenue (EV/Rev)	8.61	8.14	9.11	8.36	8.99	9.68	9.92	9.48	8.67	9.18
Enterprise Value to EBITDA (EV/EBITDA)	9.68	8.44	9.70	8.84	9.49	9.98	10.45	15.46	8.93	9.60
Enterprise Value to EBIT (EV/EBIT)	15.97	13.33	15.93	14.79	15.93	17.93	20.65	62.05	16.54	19.09
Enterprise Value to NOPAT (EV/NOPAT)	24.77	20.62	12.42	17.91	19.42	21.78	24.35	77.05	19.53	22.85
Enterprise Value to Operating Cash Flow (EV/OCF)	12.53	11.32	13.04	11.20	13.02	17.89	15.05	15.90	13.33	14.97
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.55	2.58	2.35	2.40	2.41	2.72	2.43	2.80	2.68	2.68
Long-Term Debt to Equity	2.55	2.58	2.35	2.40	2.41	2.72	2.43	2.80	2.68	2.68
Financial Leverage	2.40	2.49	2.37	2.31	2.34	2.39	2.35	2.47	2.65	2.62
Leverage Ratio	3.98	4.11	3.94	3.82	3.85	4.01	3.99	4.05	4.26	4.27
Compound Leverage Factor	2.37	2.75	2.77	2.57	2.49	2.39	2.15	-1.59	2.28	1.73
Debt to Total Capital	71.86%	72.04%	70.15%	70.59%	70.71%	73.12%	70.84%	73.72%	72.82%	72.85%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	71.86%	72.04%	70.15%	70.59%	70.71%	73.12%	70.84%	73.72%	72.82%	72.85%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	28.13%	27.95%	29.84%	29.41%	29.29%	26.88%	29.16%	26.28%	27.18%	27.15%
Debt to EBITDA	7.09	6.37	6.81	7.26	7.11	8.45	8.58	13.12	7.36	7.73
Net Debt to EBITDA	6.93	6.16	6.59	7.06	6.93	7.55	8.03	12.58	7.18	7.55
Long-Term Debt to EBITDA	7.09	6.37	6.81	7.26	7.11	8.45	8.58	13.12	7.36	7.73
Debt to NOPAT	18.15	15.56	8.72	14.71	14.55	18.45	20.01	65.36	16.08	18.39
Net Debt to NOPAT	17.74	15.05	8.44	14.30	14.18	16.49	18.71	62.68	15.69	17.96
Long-Term Debt to NOPAT	18.15	15.56	8.72	14.71	14.55	18.45	20.01	65.36	16.08	18.39
Altman Z-Score	1.59	1.61	1.68	0.56	0.60	0.53	0.50	0.41	0.49	0.50
Noncontrolling Interest Sharing Ratio	0.03%	0.03%	0.03%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	50.07	46.90	42.95	0.79	0.00	0.00	0.00	1.10	0.00	0.37
Quick Ratio	0.00	0.00	0.00	0.79	0.00	0.00	0.00	1.10	0.00	0.37
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,022	-686	-600	-1,721	-1,908	-1,073	-1,239	-1,313	-164	-293
Operating Cash Flow to CapEx	39.01%	50.86%	77.35%	52.07%	47.05%	43.14%	44.49%	40.60%	61.44%	55.23%
Free Cash Flow to Firm to Interest Expense	-3.84	-2.40	-2.33	-5.55	-4.80	-2.49	-2.68	-2.66	-0.25	-0.37
Operating Cash Flow to Interest Expense	3.16	3.56	4.11	4.05	3.50	2.53	2.98	2.80	2.67	2.14
Operating Cash Flow Less CapEx to Interest Expense	-4.93	-3.44	-1.20	-3.72	-3.94	-3.33	-3.72	-4.10	-1.67	-1.74
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.11	0.11	0.10	0.10	0.10	0.09	0.08	0.08	0.09	0.09
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.12	0.10	0.10	0.10	0.11	0.10
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	10,559	11,805	13,518	16,023	18,864	20,833	22,923	24,521	25,878	27,270
Invested Capital Turnover	0.12	0.13	0.12	0.11	0.12	0.10	0.10	0.10	0.11	0.10
Increase / (Decrease) in Invested Capital	1,447	1,246	1,713	2,505	2,842	1,969	2,090	1,598	1,357	1,392
Enterprise Value (EV)	10,526	11,546	13,817	14,048	18,131	19,502	20,716	21,974	23,291	25,107
Market Capitalization	2,987	3,123	4,427	2,832	4,890	4,741	4,801	4,100	4,573	5,369
Book Value per Share	$29.72	$32.88	$39.97	$46.19	$49.90	$53.37	$61.48	$59.93	$64.49	$67.63
Tangible Book Value per Share	$29.72	$32.88	$39.97	$46.19	$49.90	$53.37	$61.48	$59.93	$64.49	$67.63
Total Capital	10,732	12,096	13,826	16,346	19,202	22,591	24,031	25,287	26,343	27,743
Total Debt	7,712	8,714	9,699	11,539	13,579	16,518	17,022	18,641	19,183	20,210
Total Long-Term Debt	7,712	8,714	9,699	11,539	13,579	16,518	17,022	18,641	19,183	20,210
Net Debt	7,539	8,423	9,391	11,216	13,241	14,761	15,914	17,875	18,718	19,737
Capital Expenditures (CapEx)	2,153	2,006	1,370	2,409	2,960	2,527	3,095	3,404	2,843	3,036
Debt-free, Cash-free Net Working Capital (DFCFNWC)	10,597	11,785	12,971	-382	-516	-492	-612	-697	-1,164	-1,273
Debt-free Net Working Capital (DFNWC)	10,597	11,785	12,971	-82	-516	-492	-612	70	-1,164	-800
Net Working Capital (NWC)	10,597	11,785	12,971	-82	-516	-492	-612	70	-1,164	-800
Net Nonoperating Expense (NNE)	172	185	356	274	346	379	414	382	578	671
Net Nonoperating Obligations (NNO)	7,539	8,423	9,391	11,216	13,241	14,761	15,914	17,875	18,718	19,737
Total Depreciation and Amortization (D&A)	428	501	557	639	772	867	980	1,067	1,198	1,300
Debt-free, Cash-free Net Working Capital to Revenue	866.63%	830.49%	855.40%	-22.75%	-25.61%	-24.44%	-29.29%	-30.07%	-43.36%	-46.57%
Debt-free Net Working Capital to Revenue	866.63%	830.49%	855.40%	-4.88%	-25.61%	-24.44%	-29.29%	3.00%	-43.36%	-29.28%
Net Working Capital to Revenue	866.63%	830.49%	855.40%	-4.88%	-25.61%	-24.44%	-29.29%	3.00%	-43.36%	-29.28%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.47	$3.65	$7.33	$4.88	$5.14	$4.41	$3.58	($1.24)	$5.16	$3.34
Adjusted Weighted Average Basic Shares Outstanding	102.55M	102.80M	103.19M	104.72M	111.90M	113.68M	114.05M	111.63M	111.01M	111.33M
Adjusted Diluted Earnings per Share	$2.34	$3.44	$6.82	$4.60	$5.09	$4.39	$3.57	($1.24)	$5.14	$3.33
Adjusted Weighted Average Diluted Shares Outstanding	110.63M	110.80M	111.66M	112.36M	113.09M	114.01M	114.45M	111.63M	111.44M	111.87M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	205.17M	102.84M	103.62M	110.95M	113.35M	113.87M	114.05M	110.91M	111.03M	111.38M
Normalized Net Operating Profit after Tax (NOPAT)	482	571	642	798	950	909	872	296	1,221	1,126
Normalized NOPAT Margin	39.45%	40.22%	42.32%	47.53%	47.10%	45.12%	41.76%	12.78%	45.48%	41.19%
Pre Tax Income Margin	32.13%	40.89%	40.20%	38.11%	36.48%	32.09%	25.91%	-5.99%	28.07%	19.51%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.48	3.03	3.36	3.06	2.87	2.52	2.17	0.72	2.15	1.68
NOPAT to Interest Expense	1.60	1.96	4.31	2.53	2.35	2.07	1.84	0.58	1.82	1.41
EBIT Less CapEx to Interest Expense	-5.61	-3.98	-1.95	-4.70	-4.58	-3.33	-4.52	-6.19	-2.19	-2.20
NOPAT Less CapEx to Interest Expense	-6.49	-5.05	-1.00	-5.24	-5.10	-3.78	-4.85	-6.33	-2.52	-2.48
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	6.47%	5.48%	4.09%	8.14%	11.92%	16.19%	23.24%	-128.79%	21.23%	33.02%
Augmented Payout Ratio	6.47%	5.48%	4.09%	8.14%	11.92%	16.19%	24.56%	-283.39%	21.23%	33.02%

This table displays calculated financial ratios and metrics derived from Air Lease's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	8.05%	-1.19%	6.62%	20.66%	17.46%	19.11%	4.27%	-0.83%	4.67%	-0.51%
EBITDA Growth	-25.44%	392.96%	376.36%	24.03%	15.98%	22.29%	7.26%	0.50%	6.02%	-6.53%
EBIT Growth	-42.56%	344.64%	164.70%	32.34%	19.55%	32.82%	6.45%	-5.47%	2.00%	-17.06%
NOPAT Growth	-43.83%	382.33%	179.63%	26.95%	24.85%	40.98%	0.15%	-5.55%	1.57%	-21.82%
Net Income Growth	2.84%	-4.26%	127.45%	13.87%	19.99%	52.12%	-16.20%	-22.25%	-21.50%	-48.92%
EPS Growth	3.45%	-10.40%	125.18%	15.79%	22.22%	67.86%	-17.92%	-26.36%	-25.45%	-55.85%
Operating Cash Flow Growth	-17.45%	-5.33%	36.83%	22.63%	48.82%	9.68%	6.55%	-22.28%	15.07%	-7.45%
Free Cash Flow Firm Growth	19.00%	38.92%	-45.89%	32.22%	61.01%	26.20%	84.20%	4.18%	-214.34%	-11.79%
Invested Capital Growth	8.30%	6.97%	12.38%	6.01%	3.77%	5.53%	2.61%	5.41%	9.09%	5.38%
Revenue Q/Q Growth	0.65%	7.18%	5.74%	5.78%	-2.01%	8.68%	-7.43%	0.60%	3.43%	3.29%
EBITDA Q/Q Growth	5.37%	12.40%	-1.04%	5.82%	-1.47%	18.51%	-16.25%	-0.85%	3.95%	4.48%
EBIT Q/Q Growth	7.62%	19.98%	-5.47%	8.42%	-2.78%	33.30%	-28.67%	-3.72%	4.90%	8.40%
NOPAT Q/Q Growth	-1.62%	20.83%	-0.69%	7.54%	-3.25%	36.45%	-29.46%	1.42%	4.05%	5.02%
Net Income Q/Q Growth	-5.07%	31.64%	-11.42%	2.86%	0.04%	66.89%	-51.20%	-4.56%	1.00%	8.61%
EPS Q/Q Growth	-5.26%	24.44%	-5.36%	3.77%	0.00%	70.91%	-53.72%	-6.90%	1.23%	1.22%
Operating Cash Flow Q/Q Growth	-37.87%	57.04%	-17.73%	52.78%	-24.61%	15.74%	-20.07%	11.44%	11.62%	-6.92%
Free Cash Flow Firm Q/Q Growth	3.12%	18.42%	-90.87%	55.07%	44.27%	-54.44%	59.29%	-172.47%	-82.82%	45.08%
Invested Capital Q/Q Growth	1.85%	1.41%	3.95%	-1.27%	-0.31%	3.14%	1.06%	1.43%	3.17%	-0.37%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	96.27%	100.97%	94.49%	94.53%	95.06%	103.66%	97.20%	95.80%	96.28%	97.39%
Operating Margin	48.70%	54.51%	50.77%	51.98%	51.64%	62.71%	49.76%	49.61%	50.38%	50.68%
EBIT Margin	48.70%	54.51%	48.74%	49.95%	49.56%	60.79%	49.76%	47.62%	48.30%	50.68%
Profit (Net Income) Margin	19.66%	24.15%	20.23%	19.68%	20.09%	30.85%	16.26%	15.43%	15.06%	15.84%
Tax Burden Percent	80.08%	80.65%	81.33%	80.76%	80.26%	82.98%	79.71%	80.59%	79.84%	80.68%
Interest Burden Percent	50.43%	54.94%	51.05%	48.78%	50.50%	61.16%	41.00%	40.20%	39.07%	38.74%
Effective Tax Rate	19.92%	19.35%	18.67%	19.24%	19.74%	17.02%	20.29%	19.41%	20.16%	19.32%
Return on Invested Capital (ROIC)	3.90%	4.29%	4.04%	4.24%	4.32%	5.54%	4.17%	4.19%	4.20%	4.21%
ROIC Less NNEP Spread (ROIC-NNEP)	3.25%	3.59%	3.28%	3.40%	3.54%	4.71%	3.34%	3.31%	3.28%	3.28%
Return on Net Nonoperating Assets (RNNOA)	8.27%	8.88%	8.76%	9.11%	9.38%	12.50%	9.01%	8.78%	8.47%	8.58%
Return on Equity (ROE)	12.17%	13.18%	12.80%	13.36%	13.70%	18.04%	13.17%	12.97%	12.67%	12.79%
Cash Return on Invested Capital (CROIC)	-8.08%	-5.54%	-7.64%	-1.63%	0.70%	-0.65%	2.05%	-0.71%	-4.18%	-1.10%
Operating Return on Assets (OROA)	4.10%	4.56%	4.08%	4.30%	4.40%	5.55%	4.48%	4.24%	4.28%	4.42%
Return on Assets (ROA)	1.66%	2.02%	1.70%	1.69%	1.78%	2.81%	1.46%	1.37%	1.33%	1.38%
Return on Common Equity (ROCE)	12.17%	13.18%	12.80%	13.35%	13.70%	18.04%	13.17%	12.97%	12.67%	12.79%
Return on Equity Simple (ROE_SIMPLE)	-1.39%	0.00%	7.42%	7.54%	7.74%	0.00%	8.21%	7.72%	6.98%	0.00%
Net Operating Profit after Tax (NOPAT)	219	264	263	282	273	373	263	267	278	292
NOPAT Margin	39.00%	43.96%	41.29%	41.98%	41.45%	52.04%	39.66%	39.98%	40.22%	40.89%
Net Nonoperating Expense Percent (NNEP)	0.65%	0.71%	0.76%	0.84%	0.79%	0.83%	0.82%	0.87%	0.92%	0.93%
Return On Investment Capital (ROIC_SIMPLE)	-	1.05%	-	-	-	1.42%	-	-	-	1.05%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	7.08%	7.62%	7.48%	6.81%	6.49%	6.95%	7.20%	6.81%	6.44%	6.78%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	51.30%	45.49%	49.23%	48.02%	48.36%	37.29%	50.24%	50.39%	49.62%	49.32%
Earnings before Interest and Taxes (EBIT)	273	328	310	336	327	436	330	318	333	361
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	540	607	601	636	627	743	645	639	665	694
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.51	0.62	0.63	0.67	0.62	0.64	0.79	0.72	0.66	0.71
Price to Tangible Book Value (P/TBV)	0.51	0.62	0.63	0.67	0.62	0.64	0.79	0.72	0.66	0.71
Price to Revenue (P/Rev)	1.43	1.77	1.81	1.84	1.67	1.70	2.10	1.96	1.84	1.96
Price to Earnings (P/E)	0.00	0.00	9.29	9.59	8.64	7.98	10.30	10.17	10.29	14.43
Dividend Yield	2.47%	2.04%	2.00%	1.91%	2.07%	1.97%	1.60%	1.75%	1.85%	1.76%
Earnings Yield	0.00%	0.00%	10.77%	10.42%	11.58%	12.53%	9.71%	9.83%	9.72%	6.93%
Enterprise Value to Invested Capital (EV/IC)	0.87	0.90	0.90	0.91	0.89	0.90	0.94	0.92	0.90	0.92
Enterprise Value to Revenue (EV/Rev)	9.02	9.48	9.76	9.25	8.73	8.67	9.07	9.06	9.04	9.18
Enterprise Value to EBITDA (EV/EBITDA)	20.81	15.46	10.35	9.75	8.93	8.93	9.14	9.10	9.05	9.60
Enterprise Value to EBIT (EV/EBIT)	0.00	62.05	20.42	18.92	16.72	16.54	16.75	16.90	16.97	19.09
Enterprise Value to NOPAT (EV/NOPAT)	0.00	77.05	23.76	22.24	20.71	19.53	20.61	20.79	20.89	22.85
Enterprise Value to Operating Cash Flow (EV/OCF)	14.92	15.90	15.59	14.53	13.14	13.33	13.91	14.85	14.45	14.97
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	130.18	0.00	46.52	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.88	2.80	2.88	2.76	2.68	2.68	2.69	2.69	2.63	2.68
Long-Term Debt to Equity	2.88	2.80	2.88	2.76	2.68	2.68	2.69	2.69	2.63	2.68
Financial Leverage	2.55	2.47	2.67	2.68	2.65	2.65	2.70	2.65	2.58	2.62
Leverage Ratio	4.21	4.05	4.29	4.32	4.29	4.26	4.31	4.29	4.22	4.27
Compound Leverage Factor	2.12	2.23	2.19	2.11	2.17	2.61	1.77	1.73	1.65	1.65
Debt to Total Capital	74.19%	73.72%	74.25%	73.39%	72.82%	72.82%	72.93%	72.92%	72.43%	72.85%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	74.19%	73.72%	74.25%	73.39%	72.82%	72.82%	72.93%	72.92%	72.43%	72.85%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	25.81%	26.28%	25.75%	26.61%	27.18%	27.18%	27.07%	27.08%	27.57%	27.15%
Debt to EBITDA	18.62	13.12	8.75	8.05	7.42	7.36	7.24	7.30	7.38	7.73
Net Debt to EBITDA	17.51	12.58	8.43	7.81	7.22	7.18	7.03	7.13	7.21	7.55
Long-Term Debt to EBITDA	18.62	13.12	8.75	8.05	7.42	7.36	7.24	7.30	7.38	7.73
Debt to NOPAT	-728.18	65.36	20.08	18.37	17.22	16.08	16.31	16.69	17.02	18.39
Net Debt to NOPAT	-684.84	62.68	19.36	17.81	16.74	15.69	15.85	16.31	16.63	17.96
Long-Term Debt to NOPAT	-728.18	65.36	20.08	18.37	17.22	16.08	16.31	16.69	17.02	18.39
Altman Z-Score	0.34	0.40	0.37	0.35	0.35	0.39	0.40	0.40	0.38	0.40
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.00	1.10	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.37
Quick Ratio	0.00	1.10	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.37
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,635	-1,334	-2,546	-1,144	-637	-984	-402	-1,096	-2,003	-1,100
Operating Cash Flow to CapEx	38.80%	61.51%	27.37%	374.61%	158.54%	39.56%	58.91%	53.29%	36.33%	120.06%
Free Cash Flow to Firm to Interest Expense	-13.36	-9.93	-16.79	-6.64	-3.94	-5.81	-2.21	-5.77	-9.86	-5.31
Operating Cash Flow to Interest Expense	2.20	3.15	2.30	3.09	2.48	2.74	2.04	2.18	2.27	2.07
Operating Cash Flow Less CapEx to Interest Expense	-3.48	-1.97	-6.10	2.27	0.92	-4.19	-1.43	-1.91	-3.99	0.35
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.08	0.08	0.08	0.09	0.09	0.09	0.09	0.09	0.09	0.09
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.10	0.10	0.10	0.10	0.10	0.11	0.10	0.10	0.10	0.10
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	24,181	24,521	25,491	25,168	25,091	25,878	26,156	26,531	27,372	27,270
Invested Capital Turnover	0.10	0.10	0.10	0.10	0.10	0.11	0.11	0.10	0.10	0.10
Increase / (Decrease) in Invested Capital	1,854	1,598	2,808	1,426	911	1,357	665	1,363	2,281	1,392
Enterprise Value (EV)	20,975	21,974	23,009	22,873	22,423	23,291	24,610	24,517	24,741	25,107
Market Capitalization	3,322	4,100	4,262	4,558	4,293	4,573	5,686	5,293	5,044	5,369
Book Value per Share	$58.87	$59.93	$60.81	$61.73	$62.70	$64.49	$65.05	$65.61	$68.92	$67.63
Tangible Book Value per Share	$58.87	$59.93	$60.81	$61.73	$62.70	$64.49	$65.05	$65.61	$68.92	$67.63
Total Capital	25,297	25,287	26,192	25,748	25,607	26,343	26,712	26,986	27,838	27,743
Total Debt	18,769	18,641	19,448	18,896	18,646	19,183	19,480	19,679	20,162	20,210
Total Long-Term Debt	18,769	18,641	19,448	18,896	18,646	19,183	19,480	19,679	20,162	20,210
Net Debt	17,652	17,875	18,746	18,315	18,130	18,718	18,924	19,223	19,697	19,737
Capital Expenditures (CapEx)	695	689	1,273	142	253	1,174	630	776	1,271	358
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-604	-697	-681	-1,428	-1,401	-1,164	-1,160	-917	-1,072	-1,273
Debt-free Net Working Capital (DFNWC)	-604	70	-681	-1,428	-1,401	-1,164	-1,160	-917	-1,072	-800
Net Working Capital (NWC)	-604	70	-681	-1,428	-1,401	-1,164	-1,160	-917	-1,072	-800
Net Nonoperating Expense (NNE)	109	119	134	150	141	152	155	164	174	179
Net Nonoperating Obligations (NNO)	17,652	17,875	18,746	18,315	18,130	18,718	18,924	19,223	19,697	19,737
Total Depreciation and Amortization (D&A)	267	279	291	300	300	307	315	322	331	333
Debt-free, Cash-free Net Working Capital to Revenue	-26.00%	-30.07%	-28.90%	-57.75%	-54.51%	-43.36%	-42.78%	-33.88%	-39.16%	-46.57%
Debt-free Net Working Capital to Revenue	-26.00%	3.00%	-28.90%	-57.75%	-54.51%	-43.36%	-42.78%	-33.88%	-39.16%	-29.28%
Net Working Capital to Revenue	-26.00%	3.00%	-28.90%	-57.75%	-54.51%	-43.36%	-42.78%	-33.88%	-39.16%	-29.28%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.90	$1.12	$1.07	$1.10	$1.10	$1.89	$0.88	$0.81	$0.82	$0.83
Adjusted Weighted Average Basic Shares Outstanding	110.89M	111.63M	110.94M	111.02M	111.03M	111.01M	111.17M	111.37M	111.38M	111.33M
Adjusted Diluted Earnings per Share	$0.90	$1.12	$1.06	$1.10	$1.10	$1.88	$0.87	$0.81	$0.82	$0.83
Adjusted Weighted Average Diluted Shares Outstanding	111.09M	111.63M	111.20M	111.24M	111.35M	111.44M	111.53M	111.74M	111.80M	111.87M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	110.89M	110.91M	111.02M	111.03M	111.03M	111.03M	111.37M	111.38M	111.38M	111.38M
Normalized Net Operating Profit after Tax (NOPAT)	224	269	267	290	280	382	270	274	284	299
Normalized NOPAT Margin	39.82%	44.74%	42.04%	43.02%	42.51%	53.35%	40.65%	41.05%	41.14%	41.89%
Pre Tax Income Margin	24.56%	29.95%	24.88%	24.36%	25.03%	37.18%	20.40%	19.14%	18.87%	19.63%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.23	2.44	2.04	1.95	2.02	2.57	1.82	1.67	1.64	1.74
NOPAT to Interest Expense	1.79	1.97	1.73	1.64	1.69	2.20	1.45	1.40	1.37	1.41
EBIT Less CapEx to Interest Expense	-3.45	-2.69	-6.35	1.13	0.46	-4.36	-1.65	-2.41	-4.62	0.02
NOPAT Less CapEx to Interest Expense	-3.89	-3.16	-6.67	0.82	0.12	-4.73	-2.02	-2.68	-4.89	-0.32
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-134.44%	-128.79%	25.17%	24.60%	23.90%	21.23%	22.17%	23.90%	25.75%	33.02%
Augmented Payout Ratio	-300.09%	-283.39%	25.17%	24.60%	23.90%	21.23%	22.17%	23.90%	25.75%	33.02%

Frequently Asked Questions About Air Lease's Financials

When does Air Lease's fiscal year end?

According to the most recent income statement we have on file, Air Lease's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Air Lease's net income changed over the last 9 years?

Air Lease's net income were at $427.70 million at the end of 2024, a 30.4% decrease from 2023, and a 68.8% increase since 2015.

What is Air Lease's operating income?

Air Lease's total operating income in 2024 was $1.37 billion, based on the following breakdown:

Total Gross Profit: $2.73 billion
Total Operating Expenses: $1.36 billion

How has Air Lease revenue changed over the last 9 years?

Over the last 9 years, Air Lease's total revenue changed from $1.22 billion in 2015 to $2.73 billion in 2024, a change of 123.5%.

How much debt does Air Lease have?

Air Lease's total liabilities were at $24.75 billion at the end of 2024, a 6.2% increase from 2023, and a 165.1% increase since 2015.

How much cash does Air Lease have?

In the past 9 years, Air Lease's cash and equivalents has ranged from $0.00 in 2015 to $766.42 million in 2022, and is currently $472.55 million as of their latest financial filing in 2024.

How has Air Lease's book value per share changed over the last 9 years?

Over the last 9 years, Air Lease's book value per share changed from 29.72 in 2015 to 67.63 in 2024, a change of 127.6%.

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This page (NYSE:AL) was last updated on 4/14/2025 by MarketBeat.com Staff

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Air Lease (AL) Financials

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Air Lease (AL) Financials

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