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
Cash flows from operating activities:
Net income (loss)	69,328^†	33,618	56,836^†	30,692^†
Adjustments to reconcile net income to net cash and cash equivalents provided by operating activities:
Depreciation	91,728^†	92,828	95,395^†	96,055^†
Amortization of deferred financing costs	4,706^†	4,777	4,462^†	4,441^†
Amortization of lease premiums, discounts and incentives	(7,871)^†	(391)	(78)^†	1,051^†
Deferred income taxes	8,017^†	6,980	2,267^†	5,597^†
Change in net investment in leases	(3,509)^†	1,353	—	(1,487)^†
Security deposits, maintenance payments and insurance settlements included in earnings	(19,342)^†	(2,480)	(15,542)^†	(15,378)^†
Gain on sale or disposition of flight equipment	(38,162)^†	(10,866)	(36,268)^†	(5,443)^†
Loss on extinguishment of debt	0^†	0	0^†	0^†
Impairment of flight equipment	7,730^†	3,361	1,394^†	15,710^†
Provision for credit losses	(92)^†	(183)	(17)^†	(66)^†
Distributions from unconsolidated equity method investment	(372)^†	10,427	—	—
Other	0^†	0	451^†	(1,414)^†
Changes in certain assets and liabilities:
Accounts receivable	3,659^†	(779)	(7,444)^†	(18)^†
Other assets	13,154^†	(9,639)	7,100^†	(1,100)^†
Accounts payable, accrued expenses and other liabilities	12,734^†	(24,293)	(3,410)^†	27,759^†
Lease rentals received in advance	(1,075)^†	(7,052)	6,808^†	(7,803)^†
Net cash and cash equivalents provided by operating activities	140,633^†	97,661	115,810^†	148,596^†
Cash flows from investing activities:
Acquisition and improvement of flight equipment	(269,013)^†	(107,422)	(382,658)^†	(347,877)^†
Proceeds from sale or disposition of flight equipment	243,221^†	113,913	360,687^†	69,290^†
Proceeds from settlement of insurance claim	—	—	8,500^†	21,398^†
Proceeds from sale of investment in debt securities	—	—	0^†	0^†
Aircraft purchase deposits and progress payments, net of deposits returned and aircraft sales deposits	10,565^†	4,800	(397)^†	3,694^†
Distributions from unconsolidated equity method investment in excess of earnings	0^†	5,475	—	—
Other	(555)^†	(204)	999^†	(1,578)^†
Net cash and cash equivalents provided by (used in) investing activities	(15,782)^†	16,562	(12,869)^†	(255,073)^†
Cash flows from financing activities:
Proceeds from issuance of common shares	—	—	0^†	0^†
Proceeds from secured and unsecured debt financings	140,000^†	1,022,634	200,000^†	125,000^†
Repayments of secured and unsecured debt financings	(35,847)^†	(870,840)	(275,834)^†	(50,829)^†
Deferred financing costs	(34)^†	(8,350)	(2,956)^†	(229)^†
Debt extinguishment costs	—	—	0^†	0^†
Security deposits and maintenance payments received	26,423^†	31,257	29,965^†	38,583^†
Security deposits and maintenance payments returned	(31,345)^†	(17,391)	(12,876)^†	(4,242)^†
Dividends paid	(91,890)^†	(10,500)	0^†	(10,500)^†
Net cash and cash equivalents (used in) provided by financing activities	(392,693)^†	146,810	(61,701)^†	97,783^†
Net decrease in cash and cash equivalents:	(267,842)^†	261,033	41,240^†	(8,694)^†
Cash and cash equivalents at beginning of period	440,922	179,889	138,649	147,343
Cash and cash equivalents at end of period	173,080	440,922	179,889	138,649
Supplemental disclosures of cash flow information:
Cash paid for interest, net of amounts capitalized	62,080^†	71,775	80,426^†	44,525^†
Cash paid for income taxes	2,692^†	(6)	400^†	848^†
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^†
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^†
Transfers from flight equipment held for lease to Net investment in leases and Other assets	131,623^†	104,122	3,408^†	57,547^†

† 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.