Company: AYR
Filing Date: 2025-10-09
Form Type: 10-Q
Source: 0001628280-25-044676
Chunk: 3

Company: Aircastle LTD
Filing Date: 2025-10-09
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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048,200 Repayments of secured and unsecured debt financings(1,298,264)(1,289,386)Debt extinguishment costs— 285 Deferred financing costs(12,005)(4,961)Security deposits and maintenance payments received84,842 73,206 Security deposits and maintenance payments returned(33,490)(11,676)Dividends paid(52,284)(10,500)Net cash and cash equivalents provided by financing activities279,288 105,168 Net (decrease) increase in cash and cash equivalents:(131,709)302,587 Cash and cash equivalents at beginning of period279,052 129,977 Cash and cash equivalents at end of period$147,343 $432,564 

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)

Six Months Ended August 31,20252024Supplemental disclosures of cash flow information:Cash paid for interest, net of amounts capitalized$122,652 $128,754 Cash paid for income taxes$109 $517 Supplemental disclosures of non-cash investing activities:Advance lease rentals, security deposits, maintenance payments, other liabilities and other assets assumed in asset acquisitions$45,848 $27,807 Advance lease rentals, security deposits, maintenance payments, other liabilities and other assets settled in sale of flight equipment$31,089 $47,607 Transfers from flight equipment held for lease to Net investment in leases and Other assets$7,289 $6,310 

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

6

Aircastle Limited and Subsidiaries

Consolidated Statements of Changes in Shareholders’ Equity

(Dollars in thousands, except share amounts)

(Unaudited)

 Common SharesPreference SharesAdditional Paid-In CapitalRetained EarningsTotal Shareholders’ EquitySharesAmountSharesAmountBalance, February 28, 202517,840 $— 400 $— $2,378,774 $146,613 $2,525,387 Net income— — — — — 49,287 49,287 Common share dividends— — — — — (30,784)(