10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001558370-16-005418 |
| Period End Date | 20160331 |
| Filing Date | 20160505 |
| Fiscal Year | 2016 |
| Fiscal Period | Q1 |
| XBRL Instance | al-20160331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
48 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Preferred Stock, par value (in dollars per share) |
PreferredStockParOrStatedValuePerShare
|
$0.01 | USD | Point-in-time |
| Preferred Stock, par value (in dollars per share) |
PreferredStockParOrStatedValuePerShare
|
$0.01 | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$162.81M | USD | Point-in-time |
| Preferred Stock, shares authorized |
PreferredStockSharesAuthorized
|
50.00M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$282.82M | USD | Point-in-time |
| Preferred Stock, shares authorized |
PreferredStockSharesAuthorized
|
50.00M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$210.16M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$156.68M | USD | Point-in-time |
| Preferred Stock, shares issued |
PreferredStockSharesIssued
|
0.00 | shares | Point-in-time |
| Preferred Stock, shares issued |
PreferredStockSharesIssued
|
0.00 | shares | Point-in-time |
| Restricted cash |
RestrictedCashAndCashEquivalentsAtCarryingValue
|
$16.53M | USD | Point-in-time |
| Restricted cash |
RestrictedCashAndCashEquivalentsAtCarryingValue
|
$16.49M | USD | Point-in-time |
| Preferred Stock, shares outstanding |
PreferredStockSharesOutstanding
|
0.00 | shares | Point-in-time |
| Flight equipment subject to operating leases |
PropertySubjectToOrAvailableForOperatingLeaseGross
|
$12.55B | USD | Point-in-time |
| Flight equipment subject to operating leases |
PropertySubjectToOrAvailableForOperatingLeaseGross
|
$12.03B | USD | Point-in-time |
| Preferred Stock, shares outstanding |
PreferredStockSharesOutstanding
|
0.00 | shares | Point-in-time |
| Less accumulated depreciation |
PropertySubjectToOrAvailableForOperatingLeaseAccumulatedDepreciation
|
$1.21B | USD | Point-in-time |
| Less accumulated depreciation |
PropertySubjectToOrAvailableForOperatingLeaseAccumulatedDepreciation
|
$1.31B | USD | Point-in-time |
| Flight equipment subject to operating leases, net |
PropertySubjectToOrAvailableForOperatingLeaseNet
|
$10.81B | USD | Point-in-time |
| Flight equipment subject to operating leases, net |
PropertySubjectToOrAvailableForOperatingLeaseNet
|
$11.24B | USD | Point-in-time |
| Deposits on flight equipment purchases |
DepositsOnFlightEquipment
|
$1.08B | USD | Point-in-time |
| Deposits on flight equipment purchases |
DepositsOnFlightEquipment
|
$1.07B | USD | Point-in-time |
| Other assets |
OtherAssets
|
$284.80M | USD | Point-in-time |
| Other assets |
OtherAssets
|
$297.38M | USD | Point-in-time |
| Total assets |
Assets
|
$12.36B | USD | Point-in-time |
| Total assets |
Assets
|
$12.78B | USD | Point-in-time |
| Accrued interest and other payables |
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
$215.98M | USD | Point-in-time |
| Accrued interest and other payables |
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
$192.39M | USD | Point-in-time |
| Debt financing, net of discounts and issuance costs |
LongTermDebt
|
$7.71B | USD | Point-in-time |
| Debt financing, net of discounts and issuance costs |
LongTermDebt
|
$8.02B | USD | Point-in-time |
| Security deposits and maintenance reserves on flight equipment leases |
SecurityDepositLiability
|
$865.21M | USD | Point-in-time |
| Security deposits and maintenance reserves on flight equipment leases |
SecurityDepositLiability
|
$853.33M | USD | Point-in-time |
| Rentals received in advance |
AdvanceRent
|
$90.28M | USD | Point-in-time |
| Rentals received in advance |
AdvanceRent
|
$91.48M | USD | Point-in-time |
| Deferred tax liability |
DeferredIncomeTaxLiabilitiesNet
|
$461.97M | USD | Point-in-time |
| Deferred tax liability |
DeferredIncomeTaxLiabilitiesNet
|
$513.63M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$9.34B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$9.68B | USD | Point-in-time |
| Preferred Stock, $0.01 par value; 50,000,000 shares authorized; no shares issued or outstanding |
PreferredStockValue
|
- | USD | Point-in-time |
| Preferred Stock, $0.01 par value; 50,000,000 shares authorized; no shares issued or outstanding |
PreferredStockValue
|
- | USD | Point-in-time |
| Paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$2.23B | USD | Point-in-time |
| Paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$2.22B | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$791.53M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$879.24M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$3.10B | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$3.02B | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$12.78B | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$12.36B | USD | Point-in-time |
Income Statement
35 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Rental of flight equipment |
OperatingLeasesIncomeStatementLeaseRevenue
|
$269.26M | USD | 1 Quarter |
| Rental of flight equipment |
OperatingLeasesIncomeStatementLeaseRevenue
|
$317.20M | USD | 1 Quarter |
| Aircraft sales, trading and other |
AircraftSalesTradingAndOther
|
$9.06M | USD | 1 Quarter |
| Aircraft sales, trading and other |
AircraftSalesTradingAndOther
|
$26.13M | USD | 1 Quarter |
| Total revenues |
Revenues
|
$278.31M | USD | 1 Quarter |
| Total revenues |
Revenues
|
$343.33M | USD | 1 Quarter |
| Interest |
InterestExpenseDebt
|
$60.96M | USD | 1 Quarter |
| Interest |
InterestExpenseDebt
|
$55.40M | USD | 1 Quarter |
| Amortization of debt discounts and issuance costs |
AmortizationOfFinancingCosts
|
$7.16M | USD | 1 Quarter |
| Amortization of debt discounts and issuance costs |
AmortizationOfFinancingCosts
|
$7.68M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$68.12M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$63.09M | USD | 1 Quarter |
| Depreciation of flight equipment |
Depreciation
|
$91.01M | USD | 1 Quarter |
| Depreciation of flight equipment |
Depreciation
|
$108.58M | USD | 1 Quarter |
| Settlement |
LitigationSettlementExpense
|
$72.00M | USD | 1 Quarter |
| Selling, general and administrative |
SellingGeneralAndAdministrativeExpense
|
$19.40M | USD | 1 Quarter |
| Selling, general and administrative |
SellingGeneralAndAdministrativeExpense
|
$19.10M | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$3.24M | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$3.15M | USD | 1 Quarter |
| Total expenses |
OperatingExpenses
|
$199.34M | USD | 1 Quarter |
| Total expenses |
OperatingExpenses
|
$248.34M | USD | 1 Quarter |
| Income before taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$143.99M | USD | 1 Quarter |
| Income before taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$29.97M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$10.64M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$51.13M | USD | 1 Quarter |
| Net income |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$19.33M | USD | 1 Quarter |
| Net income |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$92.86M | USD | 1 Quarter |
| Basic (in dollars per share) |
EarningsPerShareBasic
|
$0.90 | USD | 1 Quarter |
| Basic (in dollars per share) |
EarningsPerShareBasic
|
$0.19 | USD | 1 Quarter |
| Diluted (in dollars per share) |
EarningsPerShareDiluted
|
$0.19 | USD | 1 Quarter |
| Diluted (in dollars per share) |
EarningsPerShareDiluted
|
$0.85 | USD | 1 Quarter |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
102.68M | shares | 1 Quarter |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
102.46M | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
110.56M | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
110.56M | shares | 1 Quarter |
Cash Flow Statement
69 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Cash paid for interest, capitalized interest |
InterestPaidCapitalized
|
$10.70M | USD | 1 Quarter |
| Cash paid for interest, capitalized interest |
InterestPaidCapitalized
|
$9.47M | USD | 1 Quarter |
| Net income |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$19.33M | USD | 1 Quarter |
| Net income |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$92.86M | USD | 1 Quarter |
| Depreciation of flight equipment |
OperatingLeasesIncomeStatementDepreciationExpenseOnPropertySubjectToOrHeldForLease
|
$108.58M | USD | 1 Quarter |
| Depreciation of flight equipment |
OperatingLeasesIncomeStatementDepreciationExpenseOnPropertySubjectToOrHeldForLease
|
$91.01M | USD | 1 Quarter |
| Settlement |
LitigationSettlementAmount
|
$-72.00M | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$3.24M | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$3.15M | USD | 1 Quarter |
| Deferred taxes |
DeferredIncomeTaxExpenseBenefit
|
$51.13M | USD | 1 Quarter |
| Deferred taxes |
DeferredIncomeTaxExpenseBenefit
|
$10.64M | USD | 1 Quarter |
| Amortization of debt discounts and issuance costs |
AmortizationOfFinancingCosts
|
$7.16M | USD | 1 Quarter |
| Amortization of debt discounts and issuance costs |
AmortizationOfFinancingCosts
|
$7.68M | USD | 1 Quarter |
| Gain on aircraft sales, trading and other activity |
GainLossOnSaleOfPropertyPlantEquipment
|
$8.03M | USD | 1 Quarter |
| Gain on aircraft sales, trading and other activity |
GainLossOnSaleOfPropertyPlantEquipment
|
$20.98M | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$-20.00M | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$-9.45M | USD | 1 Quarter |
| Accrued interest and other payables |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-7.48M | USD | 1 Quarter |
| Accrued interest and other payables |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-22.48M | USD | 1 Quarter |
| Rentals received in advance |
IncreaseDecreaseInDeferredRevenue
|
$1.19M | USD | 1 Quarter |
| Rentals received in advance |
IncreaseDecreaseInDeferredRevenue
|
$-1.20M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$227.75M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$209.50M | USD | 1 Quarter |
| Acquisition of flight equipment under operating lease |
PaymentsToAcquireOtherProductiveAssets
|
$488.18M | USD | 1 Quarter |
| Acquisition of flight equipment under operating lease |
PaymentsToAcquireOtherProductiveAssets
|
$458.44M | USD | 1 Quarter |
| Payments for deposits on flight equipment purchases |
PaymentsForFlightEquipment
|
$162.66M | USD | 1 Quarter |
| Payments for deposits on flight equipment purchases |
PaymentsForFlightEquipment
|
$200.91M | USD | 1 Quarter |
| Proceeds from aircraft sales, trading and other activity |
ProceedsFromSaleOfFlightEquipment
|
$102.42M | USD | 1 Quarter |
| Proceeds from aircraft sales, trading and other activity |
ProceedsFromSaleOfFlightEquipment
|
$191.82M | USD | 1 Quarter |
| Acquisition of furnishings, equipment and other assets |
PaymentsForProceedsFromOtherInvestingActivities
|
$52.84M | USD | 1 Quarter |
| Acquisition of furnishings, equipment and other assets |
PaymentsForProceedsFromOtherInvestingActivities
|
$65.17M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-613.59M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-520.36M | USD | 1 Quarter |
| Cash dividends paid |
PaymentsOfDividendsCommonStock
|
$4.09M | USD | 1 Quarter |
| Cash dividends paid |
PaymentsOfDividendsCommonStock
|
$5.13M | USD | 1 Quarter |
| Tax withholdings on stock-based compensation |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$5.88M | USD | 1 Quarter |
| Tax withholdings on stock-based compensation |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$5.30M | USD | 1 Quarter |
| Net change in unsecured revolving facilities |
ProceedsFromRepaymentsOfLinesOfCredit
|
$-231.00M | USD | 1 Quarter |
| Net change in unsecured revolving facilities |
ProceedsFromRepaymentsOfLinesOfCredit
|
$879.00M | USD | 1 Quarter |
| Proceeds from debt financings |
ProceedsFromIssuanceOfDebt
|
$100.00M | USD | 1 Quarter |
| Proceeds from debt financings |
ProceedsFromIssuanceOfDebt
|
$692.13M | USD | 1 Quarter |
| Payments in reduction of debt financings |
ProceedsFromRepaymentsOfDebt
|
$-144.03M | USD | 1 Quarter |
| Payments in reduction of debt financings |
ProceedsFromRepaymentsOfDebt
|
$-680.88M | USD | 1 Quarter |
| Net change in restricted cash |
IncreaseDecreaseInRestrictedCash
|
$9.51M | USD | 1 Quarter |
| Net change in restricted cash |
IncreaseDecreaseInRestrictedCash
|
$-38.00K | USD | 1 Quarter |
| Debt issuance costs |
PaymentsOfDebtIssuanceCosts
|
$198.00K | USD | 1 Quarter |
| Debt issuance costs |
PaymentsOfDebtIssuanceCosts
|
$978.00K | USD | 1 Quarter |
| Security deposits and maintenance reserve receipts |
ProceedsFromSecurityDepositsAndMaintenanceReserveReceipts
|
$26.92M | USD | 1 Quarter |
| Security deposits and maintenance reserve receipts |
ProceedsFromSecurityDepositsAndMaintenanceReserveReceipts
|
$37.23M | USD | 1 Quarter |
| Security deposits and maintenance reserve disbursements |
PaymentsForSecurityDepositsAndMaintenanceReserveDisbursements
|
$3.02M | USD | 1 Quarter |
| Security deposits and maintenance reserve disbursements |
PaymentsForSecurityDepositsAndMaintenanceReserveDisbursements
|
$15.11M | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$298.76M | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$331.42M | USD | 1 Quarter |
| Net increase (decrease) in cash |
NetCashProvidedByUsedInContinuingOperations
|
$-72.66M | USD | 1 Quarter |
| Net increase (decrease) in cash |
NetCashProvidedByUsedInContinuingOperations
|
$6.14M | USD | 1 Quarter |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$162.81M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$282.82M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$210.16M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$156.68M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$162.81M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$282.82M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$210.16M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$156.68M | USD | Point-in-time |
| Cash paid during the period for interest, including capitalized interest of $9,470 and $10,704 at March 31, 2016 and 2015, respectively |
InterestPaidNet
|
$86.48M | USD | 1 Quarter |
| Cash paid during the period for interest, including capitalized interest of $9,470 and $10,704 at March 31, 2016 and 2015, respectively |
InterestPaidNet
|
$62.47M | USD | 1 Quarter |
| Buyer furnished equipment, capitalized interest, deposits on flight equipment purchases and seller financing applied to acquisition of flight equipment and other assets applied to payments for deposits on flight equipment purchases |
DepositsOnFlightEquipmentPurchasesAppliedToAcquisitionOfFlightEquipmentUnderOperatingLeases
|
$239.28M | USD | 1 Quarter |
| Buyer furnished equipment, capitalized interest, deposits on flight equipment purchases and seller financing applied to acquisition of flight equipment and other assets applied to payments for deposits on flight equipment purchases |
DepositsOnFlightEquipmentPurchasesAppliedToAcquisitionOfFlightEquipmentUnderOperatingLeases
|
$290.19M | USD | 1 Quarter |
| Cash dividends declared, not yet paid |
DividendsPayableCurrentAndNoncurrent
|
$4.10M | USD | Point-in-time |
| Cash dividends declared, not yet paid |
DividendsPayableCurrentAndNoncurrent
|
$5.14M | USD | Point-in-time |
Stockholders Equity
11 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Cash dividends declared per share (in dollars per share) |
CommonStockDividendsPerShareDeclared
|
$0.05 | USD | 1 Quarter |
| Balance |
StockholdersEquity
|
$3.10B | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$3.02B | USD | Point-in-time |
| Issuance of common stock upon exercise of options and vesting of restricted stock units |
StockIssuedDuringPeriodValueStockOptionsExercised
|
$24.00K | USD | 1 Quarter |
| Stock-based compensation expense |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$3.24M | USD | 1 Quarter |
| Cash dividends (declared $0.05 per share) |
DividendsCommonStockCash
|
$5.14M | USD | 1 Quarter |
| Tax withholdings related to vesting of restricted stock units |
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
$6.49M | USD | 1 Quarter |
| Net income |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$19.33M | USD | 1 Quarter |
| Net income |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$92.86M | USD | 1 Quarter |
| Balance |
StockholdersEquity
|
$3.10B | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$3.02B | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.