Company: AYR
Filing Date: 2025-01-10
Form Type: 10-Q
Source: 0001628280-25-001098
Chunk: 21

Company: Aircastle LTD
Filing Date: 2025-01-10
Form: 10-Q
Item: Part I, Item 1
Chunk 21
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 Right-of-use asset(1)15,010 16,053 Deferred rent receivable, net(2)10,247 15,825 Investments, at fair value(3)10,362 10,160 Other investments, net(2)(3)5,063 5,079 Other assets111,604 125,209 Total other assets$240,453 $271,807 ______________(1)Net of lease incentives and tenant allowances.(2)Net of an allowance for credit losses – see Note 15.(3)See Note 2.

Note 15. Allowance for Credit Losses

The activity in the allowance for credit losses related to our net investment in leases, other investments, and deferred rent receivables for the nine months ended November 30, 2024, was as follows:Net Investment in Leases, netOther Investments, netDeferred Rent Receivables, netTotalBalance at February 29, 2024$7,714 $3,209 $2,146 $13,069 Provision for credit losses(231)742 (230)281 Write-offs(612)— — (612)Balance at November 30, 2024$6,871 $3,951 $1,916 $12,738 

Note 16. Accounts Payable, Accrued Expenses and Other Liabilities

Accounts payable, accrued expenses and other liabilities consisted of the following as of November 30, 2024, and February 29, 2024:November 30,2024February 29,2024Accounts payable, accrued expenses and other liabilities$40,938 $68,185 Deferred income tax liability110,884 100,405 Accrued interest payable69,789 27,507 Lease liability18,302 19,193 Lease discounts, net of amortization of $20,749 and $43,519, respectively20,543 4,298 Total accounts payable, accrued expenses and other liabilities$260,456 $219,588 

20

ITEM 2.   MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF   OPERATIONS

This management’s discussion and analysis of financial condition and results of operations contains forward-looking statements that involve risks, uncertainties and assumptions.  You should read the following discussion in conjunction with our historical consolidated financial statements and the