AYR · As filed with the SEC

Aircastle cash flow statement, by quarter

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 (Unaudited) · USD thousands

USD thousands	Q2 FY26^† 3 months ended Aug 31, 2026	Q1 FY26 3 months ended May 31, 2026	Q4 FY25^† 3 months ended Feb 28, 2026	Q3 FY25^† 3 months ended Nov 30, 2025	Q2 FY25^† 3 months ended Aug 31, 2025	Q1 FY25 3 months ended May 31, 2025	Q4 FY24^† 3 months ended Feb 28, 2025	Q3 FY24^† 3 months ended Nov 30, 2024
Cash flows from operating activities:
Net income (loss)	69,328^†	33,618	56,836^†	30,692^†	57,233^†	49,287	60,778^†	18,095^†
Adjustments to reconcile net income to net cash and cash equivalents provided by operating activities:
Depreciation	91,728^†	92,828	95,395^†	96,055^†	96,762^†	95,816	91,029^†	87,604^†
Amortization of deferred financing costs	4,706^†	4,777	4,462^†	4,441^†	4,659^†	4,470	4,311^†	4,132^†
Amortization of lease premiums, discounts and incentives	(7,871)^†	(391)	(78)^†	1,051^†	1,513^†	(2,766)	3,677^†	5,288^†
Deferred income taxes	8,017^†	6,980	2,267^†	5,597^†	5,350^†	7,979	7,070^†	1,042^†
Change in net investment in leases	(3,509)^†	1,353	—	(1,487)^†	1,466^†	1,517	—	1,808^†
Security deposits, maintenance payments and insurance settlements included in earnings	(19,342)^†	(2,480)	(15,542)^†	(15,378)^†	(61,341)^†	(27,149)	(50,416)^†	371^†
Gain on sale or disposition of flight equipment	(38,162)^†	(10,866)	(36,268)^†	(5,443)^†	(23,889)^†	(30,289)	(20,282)^†	(20,483)^†
Loss on extinguishment of debt	0^†	0	0^†	0^†	0^†	2,973	0^†	0^†
Impairment of flight equipment	7,730^†	3,361	1,394^†	15,710^†	31,153^†	5,066	0^†	8,419^†
Provision for credit losses	(92)^†	(183)	(17)^†	(66)^†	(116)^†	142	8,434^†	0^†
Distributions from unconsolidated equity method investment	(372)^†	10,427	—	—	0^†	—	—	—
Other	0^†	0	451^†	(1,414)^†	(465)^†	(394)	(1,442)^†	(738)^†
Changes in certain assets and liabilities:
Accounts receivable	3,659^†	(779)	(7,444)^†	(18)^†	975^†	(1,720)	(2,852)^†	(931)^†
Other assets	13,154^†	(9,639)	7,100^†	(1,100)^†	683^†	1,267	17,193^†	1,029^†
Accounts payable, accrued expenses and other liabilities	12,734^†	(24,293)	(3,410)^†	27,759^†	(18,886)^†	19,999	(28,518)^†	55,228^†
Lease rentals received in advance	(1,075)^†	(7,052)	6,808^†	(7,803)^†	(4,322)^†	1,674	5,634^†	1,295^†
Net cash and cash equivalents provided by operating activities	140,633^†	97,661	115,810^†	148,596^†	90,775^†	127,872	96,959^†	162,159^†
Cash flows from investing activities:
Acquisition and improvement of flight equipment	(269,013)^†	(107,422)	(382,658)^†	(347,877)^†	(500,611)^†	(479,614)	(1,004,656)^†	(248,131)^†
Proceeds from sale or disposition of flight equipment	243,221^†	113,913	360,687^†	69,290^†	72,771^†	226,752	91,868^†	144,765^†
Proceeds from settlement of insurance claim	—	—	8,500^†	21,398^†	—	—	49,500^†	0^†
Proceeds from sale of investment in debt securities	—	—	0^†	0^†	—	—	0^†	0^†
Aircraft purchase deposits and progress payments, net of deposits returned and aircraft sales deposits	10,565^†	4,800	(397)^†	3,694^†	(3,335)^†	2,751	6,426^†	(1,200)^†
Distributions from unconsolidated equity method investment in excess of earnings	0^†	5,475	—	—	0^†	—	—	—
Other	(555)^†	(204)	999^†	(1,578)^†	(348)^†	936	3,183^†	(4,503)^†
Net cash and cash equivalents provided by (used in) investing activities	(15,782)^†	16,562	(12,869)^†	(255,073)^†	(380,469)^†	(249,175)	(853,679)^†	(109,069)^†
Cash flows from financing activities:
Proceeds from issuance of common shares	—	—	0^†	0^†	—	—	0^†	0^†
Proceeds from secured and unsecured debt financings	140,000^†	1,022,634	200,000^†	125,000^†	865,489^†	725,000	625,855^†	27,993^†
Repayments of secured and unsecured debt financings	(35,847)^†	(870,840)	(275,834)^†	(50,829)^†	(650,822)^†	(647,442)	(147,988)^†	(14,966)^†
Deferred financing costs	(34)^†	(8,350)	(2,956)^†	(229)^†	(5,899)^†	(6,106)	(4,488)^†	(400)^†
Debt extinguishment costs	—	—	0^†	0^†	—	—	0^†	0^†
Security deposits and maintenance payments received	26,423^†	31,257	29,965^†	38,583^†	44,910^†	39,932	42,853^†	36,462^†
Security deposits and maintenance payments returned	(31,345)^†	(17,391)	(12,876)^†	(4,242)^†	(9,087)^†	(24,403)	(4,213)^†	(490)^†
Dividends paid	(91,890)^†	(10,500)	0^†	(10,500)^†	(30,784)^†	(21,500)	0^†	(10,500)^†
Net cash and cash equivalents (used in) provided by financing activities	(392,693)^†	146,810	(61,701)^†	97,783^†	213,807^†	65,481	512,019^†	38,099^†
Net decrease in cash and cash equivalents:	(267,842)^†	261,033	41,240^†	(8,694)^†	(75,887)^†	(55,822)	(244,701)^†	91,189^†
Cash and cash equivalents at beginning of period	440,922	179,889	138,649	147,343	223,230	279,052	523,753	432,564
Cash and cash equivalents at end of period	173,080	440,922	179,889	138,649	147,343	223,230	279,052	523,753
Supplemental disclosures of cash flow information:
Cash paid for interest, net of amounts capitalized	62,080^†	71,775	80,426^†	44,525^†	93,310^†	29,342	92,988^†	11,542^†
Cash paid for income taxes	2,692^†	(6)	400^†	848^†	425^†	(316)	3,504^†	149^†
Supplemental disclosures of non-cash investing activities:
Advance lease rentals, security deposits, maintenance payments, other liabilities and other assets assumed in asset acquisitions	3,880^†	13,220	—	6,337^†	17,031^†	28,817	—	12,511^†
Advance lease rentals, security deposits, maintenance payments, other liabilities and other assets settled in sale of flight equipment	15,461^†	9,007	79,433^†	8,779^†	26,522^†	4,567	48,284^†	17,750^†
Transfers from flight equipment held for lease to Net investment in leases and Other assets	131,623^†	104,122	3,408^†	57,547^†	6,000^†	1,289	47,841^†	0^†

† Derived: worked out from the filings, not stated in them. A fourth quarter is the 10-K year less the nine months in the third-quarter 10-Q; a quarter of cash flows is year to date less the prior year to date.

As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.