10-Q
Quarterly Report
AIRCASTLE LIMITED
NONE
CIK: 1362988
File #: 001-32959
Balance Sheet
40 line items · 2 periods
XBRL
| Item | Nov 30, 2023 | Feb 28, 2023 |
|---|---|---|
ASSETS | ||
Cash and cash equivalents | 105,832,000 | 231,861,000 |
Accounts receivable | 13,012,000 | 12,855,000 |
Flight equipment held for lease, net | 6,588,340,000 | 6,567,606,000 |
Flight Equipment | 6,588,340,000 | 6,567,606,000 |
Net investment in leases, net | 248,842,000 | 67,694,000 |
Unconsolidated equity method investment | 42,292,000 | 40,505,000 |
Other assets | 300,204,000 | 346,330,000 |
Total assets | 7,298,522,000 | 7,266,851,000 |
LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
LIABILITIES | ||
Borrowings from secured financings, net | 894,913,000 | 752,298,000 |
Term Financings - Notes Payable to Banks | 903,212,000 | 761,283,000 |
2022 Secured Facility - Secured Debt | 447,700,000 | — |
Borrowings from unsecured financings, net | 3,455,505,000 | 3,842,454,000 |
5.00 - 5.000% Senior Notes due 2023 - Senior Notes | 0 | 500,000,000 |
4.40% - 4.400% Senior Notes due 2023 - Senior Notes | 0 | 650,000,000 |
4.125 - Senior Notes due 2024 - Senior Notes | 500,000,000 | 500,000,000 |
5.25% - Senior Notes due 2025 - Senior Notes | 650,000,000 | 650,000,000 |
4.25% - Senior Notes due 2026 - Senior Notes | 650,000,000 | 650,000,000 |
2.85% - 2.850% Senior Notes due 2028 - Senior Notes | 750,000,000 | 750,000,000 |
6.50% - 6.500% Senior Notes due 2028 - Senior Notes | 650,000,000 | 0 |
Unsecured Term Loans - Unsecured Term Loans | 155,000,000 | 155,000,000 |
Revolving Credit Facility - Line of Credit | 130,000,000 | 20,000,000 |
Accounts payable, accrued expenses and other liabilities | 219,547,000 | 206,473,000 |
Lease rentals received in advance | 56,710,000 | 66,816,000 |
Security deposits | 64,606,000 | 61,734,000 |
Maintenance payments | 492,350,000 | 465,618,000 |
Total liabilities | 5,183,631,000 | 5,395,393,000 |
SHAREHOLDERS’ EQUITY | ||
Preference shares, $0.01 par value, 50,000,000 shares authorized, 400 (aggregate liquidation preference of $400,000) shares issued and outstanding at November 30, 2023 and February 28, 2023 | 0 | 0 |
Common shares, $0.01 par value, 250,000,000 shares authorized, 15,564 and 14,048 shares issued and outstanding at November 30, 2023 and February 28, 2023, respectively | 0 | 0 |
Additional paid-in capital | 2,078,774,000 | 1,878,774,000 |
Retained earnings (accumulated deficit) | 36,117,000 | (7,316,000) |
Total shareholders’ equity | 2,114,891,000 | 1,871,458,000 |
Common Shares | 0 | 0 |
Preferred Stock | 0 | 0 |
Additional Paid-In Capital | 2,078,774,000 | 1,878,774,000 |
Retained Earnings (Accumulated Deficit) | 36,117,000 | (7,316,000) |
Total liabilities and shareholders’ equity | 7,298,522,000 | 7,266,851,000 |