AYR · As filed with the SEC
Aircastle cash flow statement, by fiscal year
The statement as Aircastle 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 Feb 28, 2026 | FY2024 Year ended Feb 28, 2025 | FY2023 Year ended Feb 29, 2024 | FY2022 Year ended Feb 28, 2023 | FY2021 Year ended Feb 28, 2022 | FY2020 Year ended Feb 28, 2021 |
|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||
| Net income | 194,048 | 123,613 | 83,316 | 62,759 | (278,209) | (333,168) |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||
| Depreciation | 384,028 | 355,666 | 348,229 | 332,663 | 337,528 | 347,517 |
| Amortization of deferred financing costs | 18,032 | 17,033 | 17,090 | 14,338 | 16,267 | 14,791 |
| Amortization of lease premiums, discounts and incentives | (280) | 21,682 | 20,420 | 20,574 | 20,190 | 22,842 |
| Deferred income taxes | 21,193 | 17,550 | 20,053 | 13,690 | (9,386) | 6,506 |
| Non-cash share-based payment expense | — | — | — | 0 | 0 | 28,049 |
| Collections on net investments in leases | (5,352) | (7,628) | (3,557) | (6,505) | (14,297) | (16,859) |
| Security deposits, maintenance payments and insurance settlements included in earnings | (119,410) | (59,959) | (54,373) | (66,194) | (123,969) | (135,115) |
| Gain on sale or disposition of flight equipment | (95,889) | (77,191) | (121,646) | (70,860) | (26,001) | (33,536) |
| Loss (gain) on extinguishment of debt | 2,973 | (285) | 0 | 636 | 14,156 | 2,640 |
| Impairment of flight equipment | 53,323 | 19,391 | 55,240 | 85,623 | 452,250 | 425,579 |
| Provision for credit losses | — | — | 12,081 | 1,507 | 930 | 5,258 |
| Provision (benefit) for credit losses | (57) | 8,715 | — | — | — | — |
| Other | (1,822) | (3,188) | (2,512) | (2,211) | (3,043) | (2,305) |
| Changes on certain assets and liabilities: | ||||||
| Accounts receivable | (8,207) | (6,984) | (443) | 17,338 | 16,948 | (57,292) |
| Other assets | 7,950 | 13,532 | (9,317) | (12,510) | (29,963) | (66,290) |
| Accounts payable, accrued expenses and other liabilities | 25,462 | 7,475 | (15,907) | 4,278 | (5,716) | (13,655) |
| Lease rentals received in advance | (3,643) | 19,343 | 14,466 | 29,601 | (23,414) | (53,658) |
| Net Cash and Restricted Cash Provided by (Used in) Operating Activities | 483,053 | 464,021 | 370,254 | 437,737 | 372,865 | 175,022 |
| Cash flows from investing activities: | ||||||
| Acquisition and improvement of flight equipment | (1,710,760) | (1,588,197) | (1,240,183) | (994,040) | (795,426) | (145,589) |
| Proceeds from sale or disposition of flight equipment | 729,500 | 565,921 | 361,826 | 426,454 | 210,718 | 180,342 |
| Proceeds from settlement of insurance claims | 70,824 | 49,500 | — | — | — | — |
| Proceeds from sale of investment in debt securities | 10,128 | — | — | — | — | — |
| Aircraft purchase deposits and progress payments, net of returned deposits and aircraft sales deposits | 2,713 | 4,157 | 5,650 | 28,393 | (202) | (13,024) |
| Distributions from unconsolidated equity method investment in excess of earnings | — | — | 0 | 0 | 104 | 419 |
| Other | 9 | (1,613) | (6,408) | 1,319 | (1,694) | (676) |
| Net cash and cash equivalents used in investing activities | (897,586) | (970,232) | (879,115) | (537,874) | (586,500) | 21,472 |
| Cash flows from financing activities: | ||||||
| Payments for Repurchase of Equity | — | — | — | 0 | 0 | (25,536) |
| Proceeds from Contributions from Parent | — | — | — | 0 | 0 | 25,536 |
| Proceeds from issuance of common shares | 0 | 300,000 | 200,000 | — | 0 | — |
| Proceeds from Issuance of Preferred Stock and Preference Stock | — | — | 0 | 0 | 392,997 | 0 |
| Proceeds from secured and unsecured debt financings | 1,915,489 | 1,702,048 | 2,029,750 | 493,848 | 20,000 | 1,932,943 |
| Repayments of secured and unsecured debt financings | (1,624,927) | (1,452,340) | (1,917,744) | (420,372) | (646,943) | (1,697,662) |
| Deferred financing costs | (15,190) | (9,849) | (25,035) | (13,242) | (5,339) | (12,832) |
| Debt extinguishment costs | 0 | 285 | — | — | — | — |
| Debt extinguishment costs | — | — | 0 | (310) | (13,372) | (1,524) |
| Security deposits and maintenance payments received | 153,390 | 152,521 | 159,792 | 142,699 | 88,891 | 87,510 |
| Security deposits and maintenance payments returned | (50,608) | (16,379) | (18,786) | (20,307) | (26,857) | (71,743) |
| Dividends paid | (62,784) | (21,000) | (21,000) | (21,000) | (5,658) | (24,025) |
| Net cash and cash equivalents provided by financing activities | 315,370 | 655,286 | 406,977 | 161,316 | (196,281) | 212,667 |
| Net (decrease) increase in cash and cash equivalents | (99,163) | 149,075 | (101,884) | 61,179 | (409,916) | 409,161 |
| Cash and cash equivalents at beginning of year | 279,052 | 129,977 | 231,861 | 170,682 | 580,598 | 171,437 |
| Cash and cash equivalents at end of year | 179,889 | 279,052 | 129,977 | 231,861 | 170,682 | 580,598 |
| Supplemental disclosures of cash flow information: | ||||||
| Cash paid during the year for interest | 247,603 | 233,284 | 240,715 | 193,283 | 200,922 | 241,011 |
| Cash paid during the year for income taxes | 1,357 | 4,170 | 5,135 | 9,511 | 240 | 1,469 |
| Supplemental disclosures of non-cash investing activities: | ||||||
| Advance lease rentals, security deposits, maintenance payments, other liabilities and other assets settled in sale of flight equipment | 119,301 | 113,641 | 55,046 | 50,758 | 12,391 | 70,716 |
| Advance lease rentals, security deposits, maintenance payments, other liabilities and other assets assumed in asset acquisitions | 96,905 | 77,976 | 28,350 | 10,810 | 21,764 | 29,869 |
| Transfers from Flight equipment held for lease, net to Net investment in leases, net and Other assets | 68,244 | 54,151 | 220,648 | 1,695 | 57,489 | 90,352 |
| Acquisition of investments, at fair value | — | 0 | 0 | — | 0 | — |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.