Company: AYR
Filing Date: 2025-01-10
Form Type: 10-Q
Source: 0001628280-25-001098
Chunk: 0

Company: Aircastle LTD
Filing Date: 2025-01-10
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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ITEM 1.   CONSOLIDATED FINANCIAL STATEMENTS

Aircastle Limited and Subsidiaries

Consolidated Balance Sheets

(Dollars in thousands, except share data)

November 30,2024February 29,2024(Unaudited)ASSETSCash and cash equivalents$523,753 $129,977 Accounts receivable16,411 12,518 Flight equipment held for lease, net6,858,065 6,940,502 Net investment in leases, net258,639 282,439 Unconsolidated equity method investment44,447 42,710 Other assets240,453 271,807 Total assets$7,941,768 $7,679,953 LIABILITIES AND SHAREHOLDERS’ EQUITYLIABILITIESBorrowings from secured financings, net$650,739 $875,397 Borrowings from unsecured financings, net3,827,359 3,823,099 Accounts payable, accrued expenses and other liabilities260,456 219,588 Lease rentals received in advance62,006 52,654 Security deposits71,879 69,544 Maintenance payments583,220 505,897 Total liabilities5,455,659 5,546,179 Commitments and ContingenciesSHAREHOLDERS’ EQUITYPreference shares, $0.01 par value, 50,000,000 shares authorized, 400 (aggregate liquidation preference of $400,000) shares issued and outstanding at November 30, 2024 and February 29, 2024— — Common shares, $0.01 par value, 250,000,000 shares authorized, 17,840 and 15,564 shares issued and outstanding at November 30, 2024 and February 29, 2024, respectively— — Additional paid-in capital2,378,774 2,078,774 Retained earnings107,335 55,000 Total shareholders’ equity2,486,109 2,133,774 Total liabilities and shareholders’ equity$7,941,768 $7,679,953 

The accompanying notes are an integral part of these unaudited consolidated financial statements.

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Aircastle Limited and Subsidiaries

Consolidated Statements of Income and Comprehensive Income

(Dollars in