Air Lease Corporation (AL) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 |
|---|
| Cash from Operations | 414.08M | 458.6M | 473.61M | 388.35M | 429.96M | 461.91M | 413.81M | 371.33M | 464.57M | 401.41M | 532.41M | 348.49M | 423.59M | 269.72M | 434.14M | 254.69M | 447.45M | 326.72M | 368.38M | 234.29M |
| Operating CF Margin % | 50.47% | 63.22% | 64.73% | 52.6% | 60.31% | 66.93% | 62.01% | 55.98% | 64.83% | 65.23% | 84.8% | 54.78% | 73.87% | 48.05% | 77.85% | 42.69% | 74.93% | 62.29% | 74.89% | 49.34% |
| Operating CF Growth % | -3.7% | -0.72% | 14.45% | 4.58% | -7.45% | 15.07% | -22.28% | 6.55% | 9.68% | 48.82% | 22.63% | 36.83% | -5.33% | -17.45% | 17.85% | 8.71% | 20.09% | 31.08% | 57.21% | 0.11% |
| Net Income | 180.93M | 146.46M | 385.17M | 375.83M | 112.92M | 103.97M | 102.95M | 107.87M | 221.05M | 132.45M | 132.4M | 128.72M | 145.31M | 110.38M | 116.28M | -468.99M | 151.78M | 107.34M | 93.42M | 84.09M |
| Depreciation & Amortization | 309.1M | 311.13M | 304.29M | 299.02M | 294.39M | 290.13M | 281.98M | 277.26M | 273.11M | 267.39M | 268.59M | 259.68M | 252.86M | 242.5M | 235.28M | 235.31M | 230.82M | 224.96M | 217.82M | 208.97M |
| Stock-Based Compensation | 9.04M | 9.6M | 12.67M | 17.62M | 8.86M | 7.92M | 8.84M | 8.28M | 11.29M | 8.72M | 8.71M | 5.9M | 5.8M | 5.76M | 6.56M | -2.52M | 7.72M | 6.69M | 6.7M | 5.41M |
| Deferred Taxes | -83.84M | 38.29M | 101.22M | 95.32M | -14.3M | 26.75M | 23.89M | 26.69M | 41.95M | 32.3M | 30.39M | 28.73M | 34.54M | 26.93M | 28.4M | -133.36M | 32.52M | 25.95M | 20.41M | 18.58M |
| Other Non-Cash Items | -98.85M | -83.62M | -328.37M | -364.08M | -40.87M | -9.98M | -7.1M | -13.9M | -112.73M | -27.74M | -13.8M | -10.25M | -31.77M | 10.68M | 18.61M | 761.95M | -18.47M | 23.97M | 22.84M | 22.72M |
| Working Capital Changes | 97.7M | 36.74M | -1.37M | -35.37M | 68.97M | 43.12M | 3.26M | -34.86M | 29.9M | -11.71M | 106.12M | -64.28M | 16.84M | -126.53M | 29.02M | -137.69M | 43.09M | -62.18M | 7.18M | -105.47M |
| Change in Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 26.58M | 50.03M | -15.79M | -34.23M | 45.68M | 20.94M | 20.99M | -12.44M | 19.71M | -45.37M | 84.48M | -45.49M | 8.61M | -34.94M | 90.66M | -64.07M | 70.39M | -12.03M | 64.67M | -59.91M |
| Cash from Investing | 85.41M | -434.11M | -870.17M | -102.2M | -358.13M | -1.27B | -776.47M | -630.32M | -1.11B | -253.19M | -142.12M | -1.27B | -688.61M | -695.15M | -1.4B | -620.57M | -944.4M | -749M | -851.69M | -549.68M |
| Capital Expenditures | -894.87M | -510.96M | -1.22B | -838.37M | -998.8M | -1.72B | -1.01B | -830.73M | -1.29B | -560.13M | -1.38B | -1.29B | -881.99M | -736.03M | -1.4B | -621.32M | -1.08B | -749M | -853.73M | -549.68M |
| CapEx % of Revenue | 109.08% | 70.44% | 166.96% | 113.56% | 140.1% | 249.93% | 150.84% | 125.24% | 180.14% | 91.02% | 220.17% | 203.53% | 153.81% | 131.12% | 251.08% | 104.13% | 180.89% | 142.8% | 173.57% | 115.77% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 980.28M | 76.86M | 351.5M | 736.17M | 640.67M | 453.57M | 230.07M | 200.4M | 181.11M | 306.94M | 1.24B | 21.39M | 193.38M | 40.88M | 416K | 750K | 135.84M | 0 | 2.04M | 0 |
| Cash from Financing | -485.3M | -27.74M | 394.95M | -301.64M | -61.08M | 819.16M | 262.39M | 350.43M | 593.88M | -212.92M | -511.39M | 846.41M | -71.93M | 508.55M | 487.52M | 769.64M | -288.42M | 1.08B | 363.88M | -90.18M |
| Debt Issued (Net) | -488.13M | -458.41M | 1.21B | -1.25B | 115.56M | 435.54M | 206.22M | 304.33M | 504.94M | -254.75M | -565.59M | 795.79M | -146.37M | 441.54M | 510.16M | 788.77M | -608.83M | 1.07B | 363.18M | -365.93M |
| Equity Issued (Net) | 0 | 0 | -31K | 888.5M | -250.52M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -52.36M | -97.64M | 295.91M | -5.78M | -21K | 295.45M |
| Dividends Paid | -35.67M | -35.67M | -35.67M | -35.58M | -35.89M | -35.71M | -35.9M | -33.74M | -32.63M | -32.63M | -32.63M | -32.6M | -30.94M | -30.94M | -31.56M | -31.51M | -27.73M | -25.59M | -26.09M | -22.06M |
| Share Repurchases | 0 | 0 | -31K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -52.36M | -97.64M | 0 | -5.78M | 0 | 0 |
| Other Financing | 38.51M | 466.34M | -783M | 93.36M | 109.77M | 419.33M | 92.06M | 79.83M | 121.57M | 74.46M | 86.83M | 83.21M | 105.38M | 97.95M | 61.28M | 110.03M | 52.23M | 41.63M | 26.82M | 2.36M |
| Net Change in Cash | 14.19M | -3.25M | -1.61M | -15.49M | 10.75M | 9.69M | -100.27M | 91.43M | -51.24M | -64.7M | -121.1M | -78.48M | -336.95M | 83.12M | -478.21M | 403.76M | -785.38M | 660.91M | -119.43M | -405.57M |
| Free Cash Flow | -480.8M | -52.36M | -748.05M | -450.02M | -568.84M | -1.26B | -592.73M | -459.39M | -826.23M | -158.72M | -849.8M | -946.28M | -458.4M | -466.31M | -966.14M | -366.63M | -632.8M | -422.28M | -485.36M | -315.39M |
| FCF Margin % | -58.61% | -7.22% | -102.24% | -60.96% | -79.79% | -183% | -88.83% | -69.26% | -115.3% | -25.79% | -135.36% | -148.75% | -79.94% | -83.07% | -173.24% | -61.45% | -105.97% | -80.51% | -98.67% | -66.42% |
| FCF Growth % | 15.48% | 95.85% | -26.2% | 2.04% | 31.15% | -695.74% | 30.25% | 51.45% | -80.24% | 65.96% | 12.04% | -158.1% | 27.56% | -10.43% | -99.06% | -16.24% | 21.32% | -96.49% | -641.5% | 37.34% |
| FCF per Share | -4.28 | -0.47 | -6.67 | -4.02 | -5.08 | -11.30 | -5.30 | -4.12 | -7.42 | -1.43 | -7.64 | -8.51 | -4.12 | -4.20 | -8.70 | -3.22 | -5.53 | -3.69 | -4.24 | -2.76 |
| FCF Conversion (FCF/Net Income) | 2.29x | 3.13x | 1.23x | 1.03x | 3.81x | 4.44x | 4.02x | 3.44x | 2.10x | 3.03x | 4.02x | 2.71x | 2.92x | 2.44x | 3.73x | -0.54x | 2.95x | 3.04x | 3.94x | 2.79x |
| Interest Paid | 203.26M | 225.82M | 225.3M | 237.89M | 203.63M | 200.58M | 186.54M | 203.58M | 160.9M | 207.56M | 127.43M | 197.94M | 91.44M | 188.11M | 75.32M | 179.03M | 80.27M | 165.4M | 85.26M | 177.69M |
| Taxes Paid | 56.97M | 154K | 2.17M | 38K | 34.69M | 1.43M | 18.28M | 3.03M | 1.55M | 677K | 2M | 3.57M | 554K | 2.25M | 111K | 3.45M | 3M | 248K | 1.39M | 1.1M |