AL · As filed with the SEC
Sumisho Air Lease cash flow statement, by fiscal year
The statement as Sumisho Air Lease presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
CONSOLIDATED STATEMENTS OF CASH FLOWS · USD thousands
| USD thousands | FY2025 Year ended Dec 31, 2025 | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 |
|---|---|---|---|---|
| Operating Activities | ||||
| Net income | 1,088,387 | 427,704 | 614,622 | (97,024) |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation of flight equipment | 1,223,532 | 1,143,761 | 1,068,772 | 965,955 |
| Write-off of Russian fleet, net of recoveries | — | — | — | 771,476 |
| Write-off of Russian fleet, net of (recoveries) | — | 0 | (67,022) | — |
| Recoveries of Russian fleet write-off | (736,409) | — | — | — |
| Stock-based compensation expense | 48,930 | 33,887 | 34,615 | 15,603 |
| Deferred taxes | 150,998 | 63,021 | 133,358 | (43,492) |
| Amortization of prepaid lease costs | 93,546 | 101,800 | 75,389 | 47,849 |
| Amortization of discounts and debt issuance costs | 52,799 | 54,823 | 54,053 | 53,254 |
| Gain on aircraft sales, trading and other activity | (261,085) | (228,466) | (226,945) | (113,103) |
| Changes in operating assets and liabilities: | ||||
| Other assets | 100,331 | 12,521 | 48,310 | (232,613) |
| Accrued interest and other payables | (33,618) | 75,172 | 13,333 | 255 |
| Rentals received in advance | 7,218 | (7,204) | (1,605) | 13,990 |
| Net cash provided by operating activities | 1,734,629 | 1,677,019 | 1,746,880 | 1,382,150 |
| Investing Activities | ||||
| Acquisition of flight equipment | (2,348,253) | (3,727,416) | (3,789,113) | (2,904,723) |
| Payments for deposits on flight equipment purchases | (1,045,667) | (446,343) | (433,452) | (518,270) |
| Proceeds from aircraft sales, trading and other activity | 1,582,970 | 1,524,711 | 1,684,814 | 235,424 |
| Proceeds from settlement of insurance claims | 727,572 | 0 | 64,714 | — |
| Acquisition of aircraft furnishings, equipment and other assets | (237,683) | (387,255) | (305,346) | (216,635) |
| Net cash used in investing activities | (1,321,061) | (3,036,303) | (2,778,383) | (3,404,204) |
| Financing Activities | ||||
| Issuance of common stock upon exercise of options | — | — | 0 | 0 |
| Net proceeds from preferred stock issuance | 0 | 295,012 | 0 | 0 |
| Redemption of preferred stock | 0 | (250,000) | — | — |
| Cash dividends paid on Class A common stock | (98,267) | (93,481) | (88,792) | (83,253) |
| Common shares repurchased | — | 0 | 0 | (150,000) |
| Cash dividends paid on preferred stock | (44,325) | (47,762) | (41,700) | (41,700) |
| Tax withholdings on stock-based compensation | (30,221) | (9,387) | (3,354) | (8,903) |
| Net change in unsecured revolving facility | — | — | 80,000 | — |
| Net change in unsecured revolving facilities | 130,000 | (930,000) | — | 1,020,000 |
| Net change in commercial paper balance | 1,361,400 | — | — | — |
| Proceeds from debt financings | 683,074 | 5,201,695 | 2,993,732 | 2,659,996 |
| Payments in reduction of debt financings | (2,816,359) | (3,210,028) | (2,593,338) | (2,085,898) |
| Debt issuance costs | (4,665) | (10,277) | (13,052) | (6,827) |
| Security deposits and maintenance reserve receipts | 489,668 | 452,022 | 398,345 | 417,224 |
| Security deposits and maintenance reserve disbursements | (90,027) | (26,898) | (15,863) | (26,860) |
| Net cash (used in)/provided by financing activities | (419,722) | 1,370,896 | 715,978 | 1,693,779 |
| Net (decrease)/increase in cash | (6,154) | 11,612 | (315,525) | (328,275) |
| Cash, cash equivalents and restricted cash at beginning of period | 476,104 | 464,492 | 780,017 | 1,108,292 |
| Cash, cash equivalents and restricted cash at end of period | 469,950 | 476,104 | 464,492 | 780,017 |
| Supplemental Disclosure of Cash Flow Information | ||||
| Cash paid during the period for interest, including capitalized interest of $43,411, $42,390 and $43,093 at December 31, 2025, 2024 and 2023, respectively | 915,815 | 794,330 | 693,826 | 533,897 |
| Cash paid for income taxes | 59,330 | 57,433 | 7,801 | 6,362 |
| Supplemental Disclosure of Noncash Activities | ||||
| Buyer furnished equipment, capitalized interest and deposits on flight equipment purchases applied to acquisition of flight equipment and other assets | 969,210 | 1,192,974 | 827,377 | 914,501 |
| Flight equipment subject to operating leases reclassified to flight equipment held for sale | 1,230,864 | 1,821,084 | 1,730,212 | — |
| Transfer of flight equipment to investment in sales-type lease | 33,778 | 106,043 | 66,907 | — |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.