← AerSale Corp
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income (loss) | — | $964k |
$8.1m
+740.05%
|
$36.1m
+346.19%
|
$43.9m
+21.45%
|
($5.6m)
-112.68%
|
$5.9m
+205.18%
|
$8.6m
+46.56%
|
— | |
| Depreciation and amortization | $29.8m | $30.1m | $24.2m | $13.0m | $11.0m | $10.5m | $16.0m | $19.3m | $22.1m | |
| Amortization of debt issuance costs | $1.0m | $802k | $740k | $494k | $455k | $400k | $337k | $392k | — | |
| Amortization of operating lease assets | — | — | — | — | $873k | $359k | $365k | $557k | — | |
| Deferred income taxes | ($7.8m) | $2.5m | $22k | ($3.2m) | ($2.4m) | ($916k) | $2.0m | $1.4m | ($2.0m) | |
| Share-based compensation | — | $0 | $1.0m | $12.7m | $16.5m | $12.1m | $4.3m | $4.9m | $6.2m | |
| Accounts receivable | ($8.9m) | ($21.5m) | ($2.6m) | $3.9m | ($1.0m) | ($3.0m) | ($3.6m) | ($8.0m) | ($1.0m) | |
| Inventory reserve | $1.1m | $5.6m | $13.7m | $6.9m | $2.4m | $1.5m | $3.7m | $3.5m | — | |
| Inventory | $7.7m | $3.4m | ($55.3m) | ($35.7m) | ($37.6m) | ($168.6m) | ($78.0m) | ($54.8m) | ($64.0m) | |
| Reclassification of inventory to equipment held for lease, net | — | — | — | — | — | $7.0m | $43.2m | $33.6m | — | |
| Reclassification of inventory to property and equipment, net | — | — | — | — | — | — | — | $3.4m | — | |
| Accounts payable | $1.2m | $3.8m | ($801k) | $3.6m | $1.2m | $8.8m | $4.3m | ($4.5m) | $9.7m | |
| Accrued expenses | $3.6m | $504k | ($1.7m) | ($1.3m) | $417k | ($3.5m) | $1.8m | ($232k) | ($748k) | |
| Deferred revenue | $4.2m | $1.7m | ($5.9m) | $265k | ($1.5m) | $1.6m | ($1.2m) | ($1.3m) | — | |
| Deposits, prepaid expenses, and other current assets | $190k | ($2.8m) | $3.4m | $5.5m | $2.9m | ($6.6m) | $1.4m | $1.9m | — | |
| Other assets | — | — | — | — | $893k | $103k | ($745k) | $9k | — | |
| Other liabilities | $851k | $687k | ($957k) | ($260k) | ($2.5m) | ($604k) | ($12k) | $472k | — | |
| Net cash (used in) provided by operating activities | ($4.6m) |
($1.9m)
+58.52%
|
($12.2m)
-541.78%
|
$79.1m
+746.55%
|
($113k)
-100.14%
|
($174.2m)
-154015.04%
|
$11.2m
+106.42%
|
($23.0m)
-305.37%
|
($31.0m)
-35.01%
|
|
| Purchase of property and equipment | ($8.8m) | ($38.1m) | ($7.3m) | ($1.5m) | ($8.5m) | ($11.4m) | ($14.1m) | ($6.1m) | ($9.2m) | |
| Reclassification of equipment held for lease, net from property and equipment, net | — | — | — | — | — | $7.0m | $43.2m | ($8.8m) | — | |
| Net cash (used in) provided by investing activities | $44.2m | ($173.5m) | ($21.1m) | $13.2m | $41.4m | $3.1m | ($16.1m) | ($3.9m) | — | |
| Proceeds from long-term debt | — | — | — | — | — | $8.6m | $2.4m | $1.2m | — | |
| Repayments of long-term debt | — | — | — | — | — | — | ($9.2m) | ($710k) | ($204.6m) | |
| Payments of debt issuance costs | ($1.7m) | $0 | — | — | — | ($1.4m) | ($126k) | ($120k) | — | |
| Taxes paid related to net share settlement of equity awards | — | — | — | ($694k) | ($2.6m) | ($7.0m) | ($124k) | ($37k) | — | |
| Net cash provided by financing activities | ($83.8m) |
$175.6m
+309.64%
|
$45.2m
-74.28%
|
$8.6m
-80.99%
|
($24.3m)
-382.46%
|
$29.7m
+222.62%
|
$3.8m
-87.32%
|
$26.5m
+603.00%
|
$32.0m
+20.73%
|
|
| Cash and cash equivalents, beginning of period | $21.6m | $319k | $29.3m | $130.2m | $147.2m | $5.9m | $4.7m | $4.4m | — | |
| Additional Supplementary Disclosures | ||||||||||
| Additional Supplementary Disclosures | ||||||||||
| Provision for doubtful accounts | $619k | $55k | $212k | $212k | ($395k) | — | $195k | — | — | |
| Change in fair value of warrant liability | — | — | $388k | $2.9m | $525k | ($2.3m) | ($2.3m) | ($85k) | — | |
| Income tax receivable | $851k | ($135k) | — | — | — | ($1.6m) | ($366k) | $266k | — | |
| Advance vendor payments | $342k | ($251k) | ($3.0m) | ($8.1m) | ($13.3m) | ($1.1m) | $29.0m | $1.1m | — | |
| Income tax payable | — | $0 | $1.3m | $2.2m | ($3.4m) | — | — | $329k | — | |
| Lessee and customer purchase deposits | $1.4m | $2.8m | $1.8m | $34.7m | ($18.0m) | ($15.7m) | $3.2m | ($449k) | — | |
| Deferred insurance proceeds | — | — | — | — | — | — | $24.9m | $3.7m | — | |
| Proceeds from sale of assets | $75.3m | $2.1m | $3.1m | $17.1m | $52.8m | $14.4m | $12.9m | $6.4m | — | |
| Acquisition of aircraft and engines held for lease, including capitalized costs | ($7.6m) | ($36.5m) | ($5.1m) | ($2.4m) | ($7.1m) | — | ($15.0m) | ($4.2m) | — | |
| Proceeds from revolving credit facility | $23.9m | $77.7m | $96.7m | — | — | $82.7m | $192.6m | $305.4m | — | |
| Repayments of revolving credit facility | ($97.5m) | ($77.7m) | ($96.7m) | — | — | ($53.7m) | ($182.4m) | ($234.6m) | — | |
| Purchase of treasury stock | — | — | — | — | ($22.2m) | — | — | ($45.0m) | — | |
| Proceeds from the issuance of Employee Stock Purchase Plan shares | — | — | — | — | $538k | $566k | $531k | $386k | — | |
| Decrease in cash and cash equivalents | $13.8m | $278k | $11.8m | $100.9m | $17.0m | ($141.3m) | ($1.2m) | ($319k) | — | |
| Income tax (refunds) payments, net | $4.7m | $763k | $2.6m | $8.3m | $21.5m | $1.2m | ($13k) | ($468k) | — | |
| Interest paid | $2.3m | $2.3m | $855k | $595k | $573k | $1.5m | $5.6m | $8.0m | $9.1m |