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 | FY2021 Year ended Dec 31, 2021 | FY2020 Year ended Dec 31, 2020 | FY2019 Year ended Dec 31, 2019 | FY2018 Year ended Dec 31, 2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net income | — | — | — | — | — | 516,264,000 | 587,121,000 | 510,835,000 |
| Net income | 1,088,387 | 427,704 | 614,622 | (97,024) | 436,632 | — | — | — |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||
| Depreciation of flight equipment | — | — | — | — | — | — | — | 581,985,000 |
| Depreciation of flight equipment | 1,223,532 | 1,143,761 | 1,068,772 | 965,955 | 882,562 | 780,691 | 702,810 | — |
| 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 | 26,516 | 17,628 | 20,745 | 17,478 |
| Deferred taxes | 150,998 | 63,021 | 133,358 | (43,492) | 97,446 | 166,467 | 92,049 | 129,303 |
| Amortization of prepaid lease costs | 93,546 | 101,800 | 75,389 | 47,849 | 46,547 | 43,224 | 32,849 | 24,579 |
| Amortization of discounts and debt issuance costs | 52,799 | 54,823 | 54,053 | 53,254 | 50,620 | 43,025 | 36,691 | 32,706 |
| Gain on aircraft sales, trading and other activity | — | — | — | — | — | — | — | (34,442,000) |
| Gain on aircraft sales, trading and other activity | (261,085) | (228,466) | (226,945) | (113,103) | (46,109) | (25,843) | (81,994) | — |
| Changes in operating assets and liabilities: | ||||||||
| Other assets | 100,331 | 12,521 | 48,310 | (232,613) | (176,391) | (424,158) | (161,302) | (74,223) |
| Accrued interest and other payables | (33,618) | 75,172 | 13,333 | 255 | 63,112 | (22,810) | 139,337 | 51,175 |
| Rentals received in advance | — | — | — | — | — | — | — | 14,705,000 |
| Rentals received in advance | 7,218 | (7,204) | (1,605) | 13,990 | (4,099) | (4,302) | 24,166 | — |
| Net cash provided by operating activities | 1,734,629 | 1,677,019 | 1,746,880 | 1,382,150 | 1,376,836 | 1,090,186 | 1,392,472 | 1,254,101 |
| Investing Activities | ||||||||
| Acquisition of flight equipment under operating lease | — | — | — | — | — | — | — | (2,512,582,000) |
| Acquisition of flight equipment | (2,348,253) | (3,727,416) | (3,789,113) | (2,904,723) | (2,506,175) | (1,631,551) | (3,663,605) | (976,101) |
| Payments for deposits on flight equipment purchases | — | — | — | — | — | (885,679,000) | (884,459,000) | — |
| Payments for deposits on flight equipment purchases | (1,045,667) | (446,343) | (433,452) | (518,270) | (496,838) | — | — | — |
| Proceeds from aircraft sales, trading and other activity | 1,582,970 | 1,524,711 | 1,684,814 | 235,424 | 137,887 | 151,132 | 995,345 | 391,372 |
| 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) | (229,654) | (160,993) | (291,258) | (287,509) |
| Net cash used in investing activities | (1,321,061) | (3,036,303) | (2,778,383) | (3,404,204) | (3,094,780) | (2,527,091) | (3,843,977) | (3,384,820) |
| Financing Activities | ||||||||
| Issuance of common stock upon exercise of options | — | — | 0 | 0 | 1,438 | 6,569 | 44,885 | 4,826 |
| Net proceeds from preferred stock issuance | 0 | 295,012 | 0 | 0 | 591,340 | — | 242,130 | — |
| Redemption of preferred stock | 0 | (250,000) | — | — | — | — | — | — |
| Cash dividends paid on Class A common stock | (98,267) | (93,481) | (88,792) | (83,253) | (73,001) | (68,183) | (58,026) | (41,563) |
| Common shares repurchased | — | 0 | 0 | (150,000) | (5,780) | — | — | — |
| Cash dividends paid on preferred stock | (44,325) | (47,762) | (41,700) | (41,700) | (28,473) | (15,375) | (11,958) | — |
| Tax withholdings on stock-based compensation | (30,221) | (9,387) | (3,354) | (8,903) | (7,441) | (8,618) | (4,272) | (7,548) |
| Net change in unsecured revolving facility | — | — | 80,000 | — | — | — | — | — |
| Net change in unsecured revolving facilities | 130,000 | (930,000) | — | 1,020,000 | 0 | (20,000) | (582,000) | (245,000) |
| Net change in commercial paper balance | 1,361,400 | — | — | — | — | — | — | — |
| Proceeds from debt financings | 683,074 | 5,201,695 | 2,993,732 | 2,659,996 | 3,655,830 | 4,659,762 | 3,567,728 | 3,533,885 |
| Payments in reduction of debt financings | — | — | — | — | — | — | — | (1,270,505,000) |
| Payments in reduction of debt financings | — | — | — | — | — | (1,728,029,000) | (978,369,000) | — |
| Payments in reduction of debt financings | (2,816,359) | (3,210,028) | (2,593,338) | (2,085,898) | (3,194,482) | — | — | — |
| Debt issuance costs | (4,665) | (10,277) | (13,052) | (6,827) | (10,245) | (8,102) | (11,280) | (11,475) |
| Security deposits and maintenance reserve receipts | 489,668 | 452,022 | 398,345 | 417,224 | 174,521 | 114,596 | 310,220 | 242,524 |
| Security deposits and maintenance reserve disbursements | (90,027) | (26,898) | (15,863) | (26,860) | (35,238) | (76,009) | (52,490) | (59,709) |
| Net cash (used in)/provided by financing activities | (419,722) | 1,370,896 | 715,978 | 1,693,779 | 1,068,469 | 2,856,611 | 2,466,568 | 2,145,435 |
| Net increase in cash | — | — | — | — | — | 1,419,706,000 | 15,063,000 | 14,716,000 |
| Net (decrease)/increase in cash | (6,154) | 11,612 | (315,525) | (328,275) | (649,475) | — | — | — |
| Cash, cash equivalents and restricted cash at beginning of period | 476,104 | 464,492 | 780,017 | 1,108,292 | 1,757,767 | 338,061 | 322,998 | 308,282 |
| Cash, cash equivalents and restricted cash at end of period | 469,950 | 476,104 | 464,492 | 780,017 | 1,108,292 | 1,757,767 | 338,061 | 322,998 |
| Supplemental Disclosure of Cash Flow Information | ||||||||
| Cash paid during the period for interest, including capitalized interest of $53,163, $59,358 and $52,817 at December 31, 2020 , 2019 and 2018, respectively | — | — | — | — | — | 449,662,000 | 442,132,000 | 332,426,000 |
| Cash paid for income taxes | — | — | — | — | — | 29,733,000 | 16,657,000 | 4,264,000 |
| 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 | 508,616 | — | — | — |
| Cash paid for income taxes | 59,330 | 57,433 | 7,801 | 6,362 | 5,734 | — | — | — |
| 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 | 1,009,554 | 782,896 | 1,399,136 | 912,075 |
| 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.