Company: AYR
Filing Date: 2025-07-10
Form Type: 10-Q
Source: 0001628280-25-034715
Chunk: 2

Company: Aircastle LTD
Filing Date: 2025-07-10
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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 disposition of flight equipment(30,289)(1,010)Loss on extinguishment of debt2,973 — Impairment of flight equipment5,066 5,211 Provision for credit losses142 (145)Other(394)(508)Changes in certain assets and liabilities:Accounts receivable(1,720)(1,273)Other assets1,267 (2,927)Accounts payable, accrued expenses and other liabilities19,999 17,967 Lease rentals received in advance1,674 9,441 Net cash and cash equivalents provided by operating activities127,872 147,004 Cash flows from investing activities:Acquisition and improvement of flight equipment(479,614)(224,935)Proceeds from sale or disposition of flight equipment226,752 25,379 Aircraft purchase deposits and progress payments, net of deposits returned and aircraft sales deposits2,751 35,181 Other936 (209)Net cash and cash equivalents used in investing activities(249,175)(164,584)Cash flows from financing activities:Proceeds from secured and unsecured debt financings725,000 550,000 Repayments of secured and unsecured debt financings(647,442)(520,118)Deferred financing costs(6,106)(48)Security deposits and maintenance payments received39,932 34,960 Security deposits and maintenance payments returned(24,403)(2,087)Dividends paid(21,500)(10,500)Net cash and cash equivalents provided by financing activities65,481 52,207 Net (decrease) increase in cash and cash equivalents:(55,822)34,627 Cash and cash equivalents at beginning of period279,052 129,977 Cash and cash equivalents at end of period$223,230 $164,604 

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

5

Aircastle Limited and Subsidiaries

Consolidated Statements of Cash Flows (Continued)

(Dollars in thousands)

(Unaudited)

Three Months Ended May 31,20252024Supplemental disclosures of cash flow information:Cash paid for interest, net of amounts capitalized$29,342 $25,937 Cash (received) paid for income taxes$(316)$13 Supplemental disclosures of non-cash investing activities:Advance lease rentals, security deposits, maintenance payments, other liabilities and other