Air Lease Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	3,016	2,734	2,685	2,317	2,088
Revenue Growth (YoY)	10.32%	1.81%	15.87%	10.96%	3.62%
Cost of Revenue	1,224	1,144	1,069	965.96	882.56
Gross Profit	1,792	1,590	1,616	1,351	1,206
Selling, General & Admin	191.68	185.93	186.02	156.86	125.28
Operating Expenses	240.61	219.82	220.63	172.46	151.8
Operating Income	1,552	1,370	1,396	1,179	1,054
Interest Expense	-890.56	-836.82	-708.96	-546.18	-513.02
EBT Excluding Unusual Items	661.05	533.26	686.61	632.71	541.02
Merger & Restructuring Charges	-18.53	-	-	-	-
Other Unusual Items	-9.23	-	-	-771.48	-
Pretax Income	1,370	533.26	753.63	-138.77	541.02
Income Tax Expense	281.31	105.55	139.01	-41.74	104.38
Net Income	1,088	427.7	614.62	-97.02	436.63
Preferred Dividends & Other Adjustments	44.33	55.63	41.7	41.7	28.47
Net Income to Common	1,044	372.07	572.92	-138.72	408.16
Net Income Growth	154.47%	-30.41%	-	-	-15.43%
Shares Outstanding (Basic)	112	111	111	112	114
Shares Outstanding (Diluted)	112	112	111	112	114
Shares Change (YoY)	0.41%	0.39%	-0.17%	-2.46%	0.38%
EPS (Basic)	9.35	3.34	5.16	-1.24	3.58
EPS (Diluted)	9.29	3.33	5.14	-1.24	3.57
EPS Growth	178.98%	-35.21%	-	-	-18.68%
Free Cash Flow	-314	-1,359	-1,096	-2,022	-1,718
Free Cash Flow Per Share	-2.79	-12.15	-9.84	-18.11	-15.01
Dividend Per Share	0.880	0.850	0.810	0.755	0.690
Dividend Growth	3.53%	4.94%	7.29%	9.42%	11.29%
Gross Margin	59.43%	58.16%	60.19%	58.32%	57.74%
Operating Margin	51.45%	50.12%	51.98%	50.87%	50.47%
Profit Margin	34.62%	13.61%	21.34%	-5.99%	19.54%
Free Cash Flow Margin	-10.41%	-49.72%	-40.83%	-87.26%	-82.26%
EBIT	1,552	1,370	1,396	1,179	1,054
EBIT Margin	51.45%	50.12%	51.98%	50.87%	50.47%
Effective Tax Rate	20.54%	19.79%	18.45%	-	19.29%
Revenue as Reported	3,016	2,734	2,685	2,317	2,088

Source: S&P Global Market Intelligence. Standard template. Financial Sources.