Air Lease Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	1,020	427.7	614.62	-97.02	436.63	516.26
Other Amortization	1,357	1,300	1,198	1,067	979.73	866.94
Loss (Gain) From Sale of Assets	-204.56	-228.47	-226.95	-113.1	-46.11	-34.65
Asset Writedown & Restructuring Costs	-736.41	-	-67.02	771.48	-	-
Stock-Based Compensation	48.75	33.89	34.62	15.6	26.52	17.63
Other Operating Activities	220.54	63.02	133.36	-43.49	97.45	166.47
Change in Unearned Revenue	2.94	-7.2	-1.61	13.99	-4.1	-4.3
Change in Other Net Operating Assets	42.26	87.69	61.64	-232.36	-113.28	-438.16
Operating Cash Flow	1,751	1,677	1,747	1,382	1,377	1,090
Operating Cash Flow Growth	2.27%	-4.00%	26.39%	0.39%	26.29%	-21.71%
Capital Expenditures	-2,492	-3,036	-2,843	-3,404	-3,095	-2,527
Other Investing Activities	727.57	-	64.71	-	-	-
Investing Cash Flow	-1,765	-3,036	-2,778	-3,404	-3,095	-2,527
Long-Term Debt Issued	-	5,202	3,074	3,680	3,656	4,660
Long-Term Debt Repaid	-	-4,140	-2,593	-2,086	-3,194	-1,748
Net Debt Issued (Repaid)	-38.19	1,062	480.39	1,594	461.35	2,912
Issuance of Common Stock	-	-	-	-	1.44	6.57
Repurchase of Common Stock	-12.31	-9.39	-3.35	-158.9	-13.22	-8.62
Preferred Dividends Paid	-45.75	-47.76	-41.7	-41.7	-28.47	-15.38
Common Dividends Paid	-97.07	-93.48	-88.79	-83.25	-73	-68.18
Dividends Paid	-142.82	-141.24	-130.49	-124.95	-101.47	-83.56
Other Financing Activities	448.33	414.85	369.43	383.54	129.04	30.49
Financing Cash Flow	4.5	1,371	715.98	1,694	1,068	2,857
Net Cash Flow	-9.59	11.61	-315.53	-328.28	-649.48	1,420
Free Cash Flow	-741.66	-1,359	-1,096	-2,022	-1,718	-1,437
Free Cash Flow Margin	-25.50%	-49.72%	-40.83%	-87.26%	-82.26%	-71.30%
Free Cash Flow Per Share	-6.61	-12.15	-9.84	-18.11	-15.01	-12.60
Cash Interest Paid	875.26	751.94	650.73	494.24	459.55	396.5
Cash Income Tax Paid	37.05	57.43	7.8	6.36	5.73	29.73
Levered Free Cash Flow	-1,898	-2,022	-1,326	-1,833	-1,629	-1,016
Unlevered Free Cash Flow	-1,393	-1,554	-936.97	-1,545	-1,359	-762.11
Change in Working Capital	45.2	80.49	60.04	-218.37	-117.38	-442.46

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