AerCap Holdings 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	3,751	2,099	3,136	-726.04	1,001
Depreciation & Amortization	2,647	31.82	33.83	2,390	1,738
Other Amortization	174.39	2,772	2,700	338.03	113.98
Loss (Gain) From Sale of Assets	-819.48	-651.14	-489.62	-228.93	-89.43
Asset Writedown & Restructuring Costs	258.9	392.7	415.09	486.44	267.19
Loss (Gain) From Sale of Investments	-13.28	-5.24	-2.33	17.68	-2.3
Stock-Based Compensation	166.24	111.14	97.06	102.85	96.09
Other Operating Activities	-1,437	71.15	-1,184	2,550	-29.71
Change in Accounts Receivable	19.54	5.85	56.44	39.16	232.12
Change in Accounts Payable	-15.98	1.55	220.76	-542.02	130.33
Change in Other Net Operating Assets	340.18	241.14	-128.46	113.37	112.79
Operating Cash Flow	5,393	5,437	5,261	5,171	3,694
Operating Cash Flow Growth	-0.80%	3.33%	1.75%	39.99%	73.39%
Capital Expenditures	-6,074	-6,616	-6,232	-3,872	-1,790
Sale of Property, Plant & Equipment	2,872	2,675	2,122	1,636	796.61
Cash Acquisitions	-	-	-	-	-22,493
Other Investing Activities	1,433	144.72	1,228	22.61	-4.59
Investing Cash Flow	-1,665	-3,724	-3,183	-2,160	-23,459
Long-Term Debt Issued	5,352	7,641	6,551	468	26,497
Long-Term Debt Repaid	-7,083	-8,800	-6,568	-4,230	-5,974
Net Debt Issued (Repaid)	-1,731	-1,159	-17.38	-3,762	20,523
Repurchase of Common Stock	-2,538	-1,520	-2,638	-17.42	-76.22
Common Dividends Paid	-192.44	-139.99	-	-	-
Other Financing Activities	808.45	686.37	643.25	618.69	-263.13
Financing Cash Flow	-3,653	-2,133	-2,012	-3,161	20,184
Foreign Exchange Rate Adjustments	2.63	-3.81	1.95	-7.63	0.78
Net Cash Flow	78.16	-423.88	68.7	-157.98	419.46
Free Cash Flow	-681.17	-1,180	-970.95	1,299	1,904
Free Cash Flow Growth	-	-	-	-31.76%	101.13%
Free Cash Flow Margin	-8.00%	-14.75%	-12.81%	18.53%	41.49%
Free Cash Flow Per Share	-3.87	-6.07	-4.26	5.40	12.78
Cash Interest Paid	-	1,806	1,650	1,565	1,110
Cash Income Tax Paid	-	34.03	23.22	-0.57	4.93
Levered Free Cash Flow	966.15	-1,614	-2,167	-76.76	123.27
Unlevered Free Cash Flow	2,030	-593.25	-1,291	580.13	778.33
Change in Working Capital	343.73	248.54	148.74	-389.48	475.24

Updated Feb 6, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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