Air Lease Corporation (AL)

Air Lease Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	2,809	2,734	2,685	2,317	2,088	2,015
Revenue Growth (YoY)	3.56%	1.81%	15.87%	10.96%	3.62%	-0.07%
Cost of Revenue	1,166	1,144	1,069	965.96	882.56	780.69
Gross Profit	1,643	1,590	1,616	1,351	1,206	1,235
Selling, General & Admin	197.54	185.93	186.02	156.86	125.28	95.68
Operating Expenses	240.77	219.82	220.63	172.46	151.8	113.31
Operating Income	1,402	1,370	1,396	1,179	1,054	1,121
Interest Expense	-864.69	-836.82	-708.96	-546.18	-513.02	-474.76
EBT Excluding Unusual Items	537.66	533.26	686.61	632.71	541.02	646.68
Other Unusual Items	-	-	-	-771.48	-	-
Pretax Income	869.6	533.26	753.63	-138.77	541.02	646.68
Income Tax Expense	173.93	105.55	139.01	-41.74	104.38	130.41
Net Income	695.67	427.7	614.62	-97.02	436.63	516.26
Preferred Dividends & Other Adjustments	56.29	55.63	41.7	41.7	28.47	15.38
Net Income to Common	639.38	372.07	572.92	-138.72	408.16	500.89
Net Income Growth	17.16%	-30.41%	-	-	-15.43%	-12.07%
Shares Outstanding (Basic)	111	111	111	112	114	114
Shares Outstanding (Diluted)	112	112	111	112	114	114
Shares Change (YoY)	0.43%	0.39%	-0.17%	-2.46%	0.38%	0.82%
EPS (Basic)	5.74	3.34	5.16	-1.24	3.58	4.41
EPS (Diluted)	5.72	3.33	5.14	-1.24	3.57	4.39
EPS Growth	15.59%	-35.21%	-	-	-18.68%	-13.75%
Free Cash Flow	-1,143	-1,359	-1,096	-2,022	-1,718	-1,437
Free Cash Flow Per Share	-10.20	-12.15	-9.84	-18.11	-15.01	-12.60
Dividend Per Share	0.860	0.850	0.810	0.755	0.690	0.620
Dividend Growth	4.88%	4.94%	7.29%	9.42%	11.29%	10.71%
Gross Margin	58.50%	58.16%	60.19%	58.32%	57.74%	61.26%
Operating Margin	49.93%	50.12%	51.98%	50.87%	50.47%	55.64%
Profit Margin	22.77%	13.61%	21.34%	-5.99%	19.54%	24.85%
Free Cash Flow Margin	-40.69%	-49.72%	-40.83%	-87.26%	-82.26%	-71.30%
EBIT	1,402	1,370	1,396	1,179	1,054	1,121
EBIT Margin	49.93%	50.12%	51.98%	50.87%	50.47%	55.64%
Effective Tax Rate	20.00%	19.79%	18.45%	-	19.29%	20.17%
Revenue as Reported	2,809	2,734	2,685	2,317	2,088	2,015

Updated May 5, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q