Air Lease Cash Flow 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
Net Income	1,088	427.7	614.62	-97.02	436.63
Other Amortization	1,370	1,300	1,198	1,067	979.73
Loss (Gain) From Sale of Assets	-261.09	-228.47	-226.95	-113.1	-46.11
Asset Writedown & Restructuring Costs	-736.41	-	-67.02	771.48	-
Stock-Based Compensation	48.93	33.89	34.62	15.6	26.52
Other Operating Activities	151	63.02	133.36	-43.49	97.45
Change in Unearned Revenue	7.22	-7.2	-1.61	13.99	-4.1
Change in Other Net Operating Assets	66.71	87.69	61.64	-232.36	-113.28
Operating Cash Flow	1,735	1,677	1,747	1,382	1,377
Operating Cash Flow Growth	3.44%	-4.00%	26.39%	0.39%	26.29%
Capital Expenditures	-2,049	-3,036	-2,843	-3,404	-3,095
Other Investing Activities	727.57	-	64.71	-	-
Investing Cash Flow	-1,321	-3,036	-2,778	-3,404	-3,095
Short-Term Debt Issued	1,361	-	-	-	-
Long-Term Debt Issued	813.07	5,202	3,074	3,680	3,656
Total Debt Issued	2,174	5,202	3,074	3,680	3,656
Long-Term Debt Repaid	-2,816	-4,140	-2,593	-2,086	-3,194
Net Debt Issued (Repaid)	-641.89	1,062	480.39	1,594	461.35
Issuance of Common Stock	-	-	-	-	1.44
Repurchase of Common Stock	-30.22	-9.39	-3.35	-158.9	-13.22
Preferred Dividends Paid	-44.33	-47.76	-41.7	-41.7	-28.47
Common Dividends Paid	-98.27	-93.48	-88.79	-83.25	-73
Dividends Paid	-142.59	-141.24	-130.49	-124.95	-101.47
Other Financing Activities	394.98	414.85	369.43	383.54	129.04
Financing Cash Flow	-419.72	1,371	715.98	1,694	1,068
Net Cash Flow	-6.15	11.61	-315.53	-328.28	-649.48
Free Cash Flow	-314	-1,359	-1,096	-2,022	-1,718
Free Cash Flow Margin	-10.41%	-49.72%	-40.83%	-87.26%	-82.26%
Free Cash Flow Per Share	-2.79	-12.15	-9.84	-18.11	-15.01
Cash Interest Paid	872.4	751.94	650.73	494.24	459.55
Cash Income Tax Paid	59.33	57.43	7.8	6.36	5.73
Levered Free Cash Flow	162.55	-3,654	-1,326	-1,833	-1,629
Unlevered Free Cash Flow	666.35	-3,185	-936.97	-1,545	-1,359
Change in Working Capital	73.93	80.49	60.04	-218.37	-117.38

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