Air Lease Corporation
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1. Quick Overview
1.1. Quick analysis of Air Lease Corporation (30 sec.)
1.2. What can you expect buying and holding a share of Air Lease Corporation? (30 sec.)
How much money do you get?
What is your share worth?
+ What do you gain per year?
2. Detailed Analysis
2.1. Valuation of Air Lease Corporation (5 min.)
2.2. Growth of Air Lease Corporation (5 min.)
Is Air Lease Corporation growing?
Current year | Previous year | Grow | Grow % | |
---|---|---|---|---|
How rich? | $7.6b | $6.8b | $542.5m | 7.4% |
How much money is Air Lease Corporation making?
Current year | Previous year | Grow | Grow % | |
---|---|---|---|---|
Making money | $133.9m | $134.7m | -$761.7k | -0.6% |
Net Profit Margin | 19.7% | 21.0% | - | - |
How much money comes from the company's main activities?
2.3. Financial Health of Air Lease Corporation (5 min.)
2.4. Comparing to competitors in the Rental & Leasing Services industry (5 min.)
Industry Rankings (Rental & Leasing Services)
3. Summary and Key Metrics
3.1. What can you expect buying and holding a share of Air Lease Corporation?
Welcome investor! Air Lease Corporation's management wants to use your money to grow the business. In return you get a share of Air Lease Corporation.
First you should know what it really means to hold a share of Air Lease Corporation. And how you can make/lose money.
Speculation
The Price per Share of Air Lease Corporation is $49.42. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.
If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:
- The fundamentals: the financial health trends of Air Lease Corporation.
- The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
- The book value: what is the market price compared to it's book value.
Investing
If you really want to invest in Air Lease Corporation, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:
- You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is $68.65. Based on the TTM, the Book Value Change Per Share is $1.54 per quarter. Based on the YOY, the Book Value Change Per Share is $0.97 per quarter.
- You may receive quarterly/yearly dividend in the form of additional shares.
- You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is $0.31 per quarter.
How much money are you going to get?
MRQ | TTM | YOY | 5Y | 10Y | ||||||
---|---|---|---|---|---|---|---|---|---|---|
$ | % of Price per Share | $ | % of Price per Share | $ | % of Price per Share | $ | % of Price per Share | $ | % of Price per Share | |
Usd Eps | 0.93 | 1.9% | 1.20 | 2.4% | 1.12 | 2.3% | 0.81 | 1.6% | 0.94 | 1.9% |
Usd Book Value Change Per Share | 3.26 | 6.6% | 1.54 | 3.1% | 0.97 | 2.0% | 1.02 | 2.1% | 1.11 | 2.2% |
Usd Dividend Per Share | 0.32 | 0.6% | 0.31 | 0.6% | 0.29 | 0.6% | 0.25 | 0.5% | 0.16 | 0.3% |
Usd Total Gains Per Share | 3.58 | 7.2% | 1.85 | 3.7% | 1.26 | 2.5% | 1.27 | 2.6% | 1.27 | 2.6% |
Usd Price Per Share | 45.29 | - | 46.55 | - | 39.76 | - | 40.07 | - | 38.47 | - |
Price to Earnings Ratio | 12.18 | - | 10.91 | - | 8.94 | - | 9.18 | - | 10.52 | - |
Price-to-Total Gains Ratio | 12.66 | - | 36.51 | - | 31.63 | - | 28.92 | - | 37.70 | - |
Price to Book Ratio | 0.66 | - | 0.71 | - | 0.65 | - | 0.69 | - | 0.90 | - |
Price-to-Total Gains Ratio | 12.66 | - | 36.51 | - | 31.63 | - | 28.92 | - | 37.70 | - |
When do you get the money?
Usd Investment | |
---|---|
Usd Price Per Share | 49.42 |
Number of shares | 20 |
Gains per Quarter | Trailing 12 Months | 5 Year |
---|---|---|
Usd Dividend Per Share | 0.31 | 0.25 |
Usd Book Value Change Per Share | 1.54 | 1.02 |
Usd Total Gains Per Share | 1.85 | 1.27 |
Gains per Quarter (20 shares) | 36.95 | 25.44 |
Gains per Year (20 shares) | 147.78 | 101.77 |
Years | Return on Investment (TTM) | Return on Investment (5Y) | ||||
---|---|---|---|---|---|---|
Dividend | Book Value gain | Total gains | Dividend | Book Value gain | Total gains | |
Broker costs | - | - | -10 | - | - | -10 |
1 | 25 | 123 | 138 | 20 | 82 | 92 |
2 | 49 | 246 | 286 | 40 | 163 | 194 |
3 | 74 | 369 | 434 | 60 | 245 | 296 |
4 | 99 | 492 | 582 | 80 | 327 | 398 |
5 | 124 | 615 | 730 | 100 | 409 | 500 |
6 | 148 | 738 | 878 | 120 | 490 | 602 |
7 | 173 | 861 | 1026 | 140 | 572 | 704 |
8 | 198 | 985 | 1174 | 160 | 654 | 806 |
9 | 222 | 1108 | 1322 | 181 | 735 | 908 |
10 | 247 | 1231 | 1470 | 201 | 817 | 1010 |
How sure are you?
Based on the past periods, how sure are you to get value out of your investment.
Linear %
Trailing 12 Months | 3Y | 5 Year | 10 Year | ALLTIME | ||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
% | % | % | % | % | ||||||||||||||||
Earnings Per Share | 4.0 | 0.0 | 0.0 | 100.0% | 11.0 | 1.0 | 0.0 | 91.7% | 19.0 | 1.0 | 0.0 | 95.0% | 39.0 | 1.0 | 0.0 | 97.5% | 54.0 | 1.0 | 1.0 | 96.4% |
Book Value Change Per Share | 4.0 | 0.0 | 0.0 | 100.0% | 11.0 | 1.0 | 0.0 | 91.7% | 19.0 | 1.0 | 0.0 | 95.0% | 39.0 | 1.0 | 0.0 | 97.5% | 55.0 | 1.0 | 0.0 | 98.2% |
Dividend per Share | 4.0 | 0.0 | 0.0 | 100.0% | 12.0 | 0.0 | 0.0 | 100.0% | 20.0 | 0.0 | 0.0 | 100.0% | 40.0 | 0.0 | 0.0 | 100.0% | 47.0 | 0.0 | 9.0 | 83.9% |
Total Gains per Share | 4.0 | 0.0 | 0.0 | 100.0% | 11.0 | 1.0 | 0.0 | 91.7% | 19.0 | 1.0 | 0.0 | 95.0% | 39.0 | 1.0 | 0.0 | 97.5% | 55.0 | 1.0 | 0.0 | 98.2% |
3.2. Key Performance Indicators
The key performance indicators of Air Lease Corporation compared to the Most Recent Quarter (MRQ).
End of day | +/- | Most Recent Quarter | Trailing 12 Months | +/- | Year-Over-Year | +/- | 5 Year | +/- | 10 Year | +/- | |
---|---|---|---|---|---|---|---|---|---|---|---|
Book Value Change Per Share | - | - | 3.258 | 1.538 | +112% | 0.971 | +236% | 1.021 | +219% | 1.111 | +193% |
Book Value Per Share | - | - | 68.653 | 65.789 | +4% | 61.064 | +12% | 58.444 | +17% | 46.176 | +49% |
Current Ratio | - | - | 0.387 | 0.336 | +15% | 0.617 | -37% | 1.279 | -70% | 0.965 | -60% |
Debt To Asset Ratio | - | - | 0.761 | 0.764 | 0% | 0.768 | -1% | 0.758 | +0% | 0.754 | +1% |
Debt To Equity Ratio | - | - | 3.189 | 3.240 | -2% | 3.308 | -4% | 3.135 | +2% | 3.066 | +4% |
Dividend Per Share | - | - | 0.319 | 0.309 | +3% | 0.289 | +10% | 0.251 | +27% | 0.162 | +97% |
Enterprise Value | - | - | -18953738722.230 | -18111512140.830 | -4% | -17431271537.500 | -8% | -15249465636.212 | -20% | -11100247709.555 | -41% |
Eps | - | - | 0.930 | 1.201 | -23% | 1.116 | -17% | 0.814 | +14% | 0.938 | -1% |
Ev To Ebitda Ratio | - | - | -10.900 | -8.091 | -26% | -14.620 | +34% | -11.489 | +5% | -9.254 | -15% |
Ev To Sales Ratio | - | - | -6.866 | -6.767 | -1% | -6.788 | -1% | -6.552 | -5% | -5.527 | -19% |
Free Cash Flow Per Share | - | - | 9.627 | -1.803 | +119% | -5.417 | +156% | -3.946 | +141% | -4.606 | +148% |
Free Cash Flow To Equity Per Share | - | - | 16.953 | 2.734 | +520% | -5.304 | +131% | -0.570 | +103% | -1.077 | +106% |
Gross Profit Margin | - | - | 0.573 | 0.616 | -7% | 0.661 | -13% | 0.716 | -20% | 0.730 | -22% |
Intrinsic Value_10Y_max | - | - | 602.178 | - | - | - | - | - | - | - | - |
Intrinsic Value_10Y_min | - | - | 59.876 | - | - | - | - | - | - | - | - |
Intrinsic Value_1Y_max | - | - | -5.668 | - | - | - | - | - | - | - | - |
Intrinsic Value_1Y_min | - | - | -14.367 | - | - | - | - | - | - | - | - |
Intrinsic Value_3Y_max | - | - | 33.277 | - | - | - | - | - | - | - | - |
Intrinsic Value_3Y_min | - | - | -25.782 | - | - | - | - | - | - | - | - |
Intrinsic Value_5Y_max | - | - | 132.874 | - | - | - | - | - | - | - | - |
Intrinsic Value_5Y_min | - | - | -18.057 | - | - | - | - | - | - | - | - |
Market Cap | 5504251340.000 | +8% | 5063608277.770 | 5196077109.170 | -3% | 4428627962.500 | +14% | 4518340163.788 | +12% | 4321376365.445 | +17% |
Net Profit Margin | - | - | 0.151 | 0.197 | -24% | 0.210 | -28% | 0.168 | -10% | 0.237 | -37% |
Operating Margin | - | - | 0.210 | 0.447 | -53% | 0.127 | +65% | 0.245 | -14% | 0.294 | -29% |
Operating Ratio | - | - | 0.485 | 0.628 | -23% | 0.667 | -27% | 0.669 | -28% | 0.631 | -23% |
Pb Ratio | 0.720 | +8% | 0.660 | 0.708 | -7% | 0.651 | +1% | 0.686 | -4% | 0.903 | -27% |
Pe Ratio | 13.286 | +8% | 12.176 | 10.914 | +12% | 8.936 | +36% | 9.180 | +33% | 10.522 | +16% |
Price Per Share | 49.420 | +8% | 45.290 | 46.550 | -3% | 39.763 | +14% | 40.072 | +13% | 38.465 | +18% |
Price To Free Cash Flow Ratio | 1.283 | +8% | 1.176 | -1.400 | +219% | -2.944 | +350% | -2.890 | +346% | -2.627 | +323% |
Price To Total Gains Ratio | 13.812 | +8% | 12.658 | 36.507 | -65% | 31.628 | -60% | 28.917 | -56% | 37.697 | -66% |
Quick Ratio | - | - | 0.384 | 0.507 | -24% | 0.751 | -49% | 1.349 | -72% | 0.995 | -61% |
Return On Assets | - | - | 0.003 | 0.004 | -25% | 0.005 | -30% | 0.004 | -10% | 0.006 | -43% |
Return On Equity | - | - | 0.014 | 0.018 | -26% | 0.020 | -32% | 0.015 | -8% | 0.023 | -40% |
Total Gains Per Share | - | - | 3.578 | 1.847 | +94% | 1.260 | +184% | 1.272 | +181% | 1.273 | +181% |
Usd Book Value | - | - | 7675697000.000 | 7343713000.000 | +5% | 6801163750.000 | +13% | 6585940800.000 | +17% | 5191357725.000 | +48% |
Usd Book Value Change Per Share | - | - | 3.258 | 1.538 | +112% | 0.971 | +236% | 1.021 | +219% | 1.111 | +193% |
Usd Book Value Per Share | - | - | 68.653 | 65.789 | +4% | 61.064 | +12% | 58.444 | +17% | 46.176 | +49% |
Usd Dividend Per Share | - | - | 0.319 | 0.309 | +3% | 0.289 | +10% | 0.251 | +27% | 0.162 | +97% |
Usd Enterprise Value | - | - | -18953738722.230 | -18111512140.830 | -4% | -17431271537.500 | -8% | -15249465636.212 | -20% | -11100247709.555 | -41% |
Usd Eps | - | - | 0.930 | 1.201 | -23% | 1.116 | -17% | 0.814 | +14% | 0.938 | -1% |
Usd Free Cash Flow | - | - | 1076301000.000 | -200514000.000 | +119% | -603300750.000 | +156% | -444501050.000 | +141% | -517147350.000 | +148% |
Usd Free Cash Flow Per Share | - | - | 9.627 | -1.803 | +119% | -5.417 | +156% | -3.946 | +141% | -4.606 | +148% |
Usd Free Cash Flow To Equity Per Share | - | - | 16.953 | 2.734 | +520% | -5.304 | +131% | -0.570 | +103% | -1.077 | +106% |
Usd Market Cap | 5504251340.000 | +8% | 5063608277.770 | 5196077109.170 | -3% | 4428627962.500 | +14% | 4518340163.788 | +12% | 4321376365.445 | +17% |
Usd Price Per Share | 49.420 | +8% | 45.290 | 46.550 | -3% | 39.763 | +14% | 40.072 | +13% | 38.465 | +18% |
Usd Profit | - | - | 103971000.000 | 133958500.000 | -22% | 134720250.000 | -23% | 96468050.000 | +8% | 107924525.000 | -4% |
Usd Revenue | - | - | 690164000.000 | 670857500.000 | +3% | 642505000.000 | +7% | 581076250.000 | +19% | 480344850.000 | +44% |
Usd Total Gains Per Share | - | - | 3.578 | 1.847 | +94% | 1.260 | +184% | 1.272 | +181% | 1.273 | +181% |
EOD | +4 -4 | MRQ | TTM | +21 -19 | YOY | +23 -17 | 5Y | +24 -16 | 10Y | +20 -20 |
3.3 Fundamental Score
Penke's Stock Scanner
Indicator | Condition | Value | ||
---|---|---|---|---|
Price to Earnings Ratio (EOD) | Between | 0-15 | 13.286 | |
Price to Book Ratio (EOD) | Between | 0-1 | 0.720 | |
Net Profit Margin (MRQ) | Greater than | 0 | 0.151 | |
Operating Margin (MRQ) | Greater than | 0 | 0.210 | |
Quick Ratio (MRQ) | Greater than | 1 | 0.384 | |
Current Ratio (MRQ) | Greater than | 1 | 0.387 | |
Debt to Asset Ratio (MRQ) | Less than | 1 | 0.761 | |
Debt to Equity Ratio (MRQ) | Less than | 1 | 3.189 | |
Return on Equity (MRQ) | Greater than | 0.15 | 0.014 | |
Return on Assets (MRQ) | Greater than | 0.05 | 0.003 | |
Total | 5/10 (50.0%) |
3.4 Technical Score
Penke's Symbol Scanner
Indicator | Condition | Value | ||
---|---|---|---|---|
Rsi | Greater than | 50 | 51.908 | |
Ma 20 | Greater than | Ma 50 | 50.025 | |
Ma 50 | Greater than | Ma 100 | 47.083 | |
Ma 100 | Greater than | Ma 200 | 45.887 | |
Open | Greater than | Close | 49.540 | |
Total | 4/5 (80.0%) |
4. In-depth Analysis
4.1 About Air Lease Corporation
- https://www.airleasecorp.com
- Rental & Leasing Services
- 163
- 2000 Avenue of the Stars, Los Angeles, CA, United States, 90067
Google Maps Bing Maps
Air Lease Corporation, an aircraft leasing company, engages in the purchase and leasing of commercial jet aircraft to airlines worldwide. It sells aircraft from its fleet to third parties, including other leasing companies, financial services companies, airlines, and other investors. The company provides fleet management services to investors and owners of aircraft portfolios. As of December 31, 2023, it owned a fleet of 463 aircraft, including 345 narrowbody aircraft and 118 widebody aircraft. Air Lease Corporation was incorporated in 2010 and is headquartered in Los Angeles, California.
Fundamental data was last updated by Penke on 2024-12-07 14:19:03.
4.2 In-depth Summary
4.2.1. Financial Health Summary
Compared to previous year | Compared to industry | |
---|---|---|
The company is making a huge profit. | ||
Using its assets, the company is inefficient in making profit. | ||
Using its investors money, the company is inefficient in making profit. |
Compared to previous year | Compared to industry | |
---|---|---|
The company is operating very efficient. | ||
The company is efficient in keeping operating costs low. |
Compared to previous year | Compared to industry | |
---|---|---|
The company is unable to pay all its short-term debts. | ||
The company is just not able to pay all its short-term debts with the most liquid assets. |
Compared to previous year | Compared to industry | |
---|---|---|
The company is just able to pay all its debts by selling its assets. | ||
The company is unable to pay all its debts with equity. |
4.2.2. Valuation Summary
Compared to previous year | Compared to industry | |
---|---|---|
Based on the equity, the company is cheap. | ||
Based on the earnings, the company is underpriced. | ||
Based on how much money comes from the company's main activities, the company is expensive. |
4.3 Financial Health
4.3.1. Profitability
4.3.1 Profitability
4.3.1.1. Net Profit Margin
- Above 10% is considered healthy but always compare Air Lease Corporation to the Rental & Leasing Services industry mean.
- A Net Profit Margin of 15.1% means that $0.15 for each $1 in revenue is generated as profit.
Let's take a look of the Net Profit Margin trends of Air Lease Corporation:
Trends
- The YOY is 21.0%. Compared to the TTM, the mid term is trending down. -2
- The 5Y is 16.8%. Compared to the TTM, the 5Y term is trending up. +2
- The 10Y is 23.7%. Compared to the 5Y term, the 10Y term is trending down. -2
Current period | Compared to | +/- | |||
---|---|---|---|---|---|
MRQ | 15.1% | TTM | 19.7% | -4.7% | |
TTM | 19.7% | YOY | 21.0% | -1.3% | |
TTM | 19.7% | 5Y | 16.8% | +2.9% | |
5Y | 16.8% | 10Y | 23.7% | -6.9% |
Compared to industry (Rental & Leasing Services)
Let compare the company's Net Profit Margin with the average (mean) in the Rental & Leasing Services industry:
- The MRQ average (mean) in the Rental & Leasing Services industry is 7.1%. trending up. +2
- The TTM average (mean) in the Rental & Leasing Services industry is 5.0%. trending up. +2
4.3.1.2. Return on Assets
- Above 5% is considered healthy but always compare Air Lease Corporation to the Rental & Leasing Services industry mean.
- 0.3% Return on Assets means that Air Lease Corporation generated $0.00 profit for each $1 in assets.
Let's take a look of the Return on Assets trends of Air Lease Corporation:
Trends
- The YOY is 0.5%. Compared to the TTM, the mid term is trending down. -2
- The 5Y is 0.4%. Compared to the TTM, the 5Y term is trending up. +2
- The 10Y is 0.6%. Compared to the 5Y term, the 10Y term is trending down. -2
Current period | Compared to | +/- | |||
---|---|---|---|---|---|
MRQ | 0.3% | TTM | 0.4% | -0.1% | |
TTM | 0.4% | YOY | 0.5% | 0.0% | |
TTM | 0.4% | 5Y | 0.4% | +0.1% | |
5Y | 0.4% | 10Y | 0.6% | -0.2% |
Compared to industry (Rental & Leasing Services)
Let compare the company's Return on Assets with the average (mean) in the Rental & Leasing Services industry:
- The MRQ average (mean) in the Rental & Leasing Services industry is 1.4%. trending down. -2
- The TTM average (mean) in the Rental & Leasing Services industry is 0.9%. trending down. -2
4.3.1.3. Return on Equity
- Above 15%-20% is considered healthy but always compare Air Lease Corporation to the Rental & Leasing Services industry mean.
- 1.4% Return on Equity means Air Lease Corporation generated $0.01 for each $1 the owners (shareholders) invested.
Let's take a look of the Return on Equity trends of Air Lease Corporation:
Trends
- The YOY is 2.0%. Compared to the TTM, the mid term is trending down. -2
- The 5Y is 1.5%. Compared to the TTM, the 5Y term is trending up. +2
- The 10Y is 2.3%. Compared to the 5Y term, the 10Y term is trending down. -2
Current period | Compared to | +/- | |||
---|---|---|---|---|---|
MRQ | 1.4% | TTM | 1.8% | -0.5% | |
TTM | 1.8% | YOY | 2.0% | -0.1% | |
TTM | 1.8% | 5Y | 1.5% | +0.4% | |
5Y | 1.5% | 10Y | 2.3% | -0.8% |
Compared to industry (Rental & Leasing Services)
Let compare the company's Return on Equity with the average (mean) in the Rental & Leasing Services industry:
- The MRQ average (mean) in the Rental & Leasing Services industry is 4.6%. trending down. -2
- The TTM average (mean) in the Rental & Leasing Services industry is 3.4%. trending down. -2
4.3.2. Operating Efficiency of Air Lease Corporation.
4.3.2. Operating Efficiency
4.3.2.1. Operating Margin
- Measures how much profit Air Lease Corporation makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
- Above 15% is considered healthy but always compare Air Lease Corporation to the Rental & Leasing Services industry mean.
- An Operating Margin of 21.0% means the company generated $0.21 for each $1 in revenue (before taxes).
Let's take a look of the Operating Margin trends of Air Lease Corporation:
Trends
- The YOY is 12.7%. Compared to the TTM, the mid term is trending up. +2
- The 5Y is 24.5%. Compared to the TTM, the 5Y term is trending up. +2
- The 10Y is 29.4%. Compared to the 5Y term, the 10Y term is trending down. -2
Current period | Compared to | +/- | |||
---|---|---|---|---|---|
MRQ | 21.0% | TTM | 44.7% | -23.7% | |
TTM | 44.7% | YOY | 12.7% | +32.0% | |
TTM | 44.7% | 5Y | 24.5% | +20.1% | |
5Y | 24.5% | 10Y | 29.4% | -4.9% |
Compared to industry (Rental & Leasing Services)
Let compare the company's Operating Margin with the average (mean) in the Rental & Leasing Services industry:
- The MRQ average (mean) in the Rental & Leasing Services industry is 19.3%. trending up. +2
- The TTM average (mean) in the Rental & Leasing Services industry is 13.2%. trending up. +2
4.3.2.2. Operating Ratio
- Below 1 is considered healthy (always compare to Rental & Leasing Services industry mean).
- An Operation Ratio of 0.48 means that the operating costs are $0.48 for each $1 in net sales.
Let's take a look of the Operating Ratio trends of Air Lease Corporation:
Trends
- The YOY is 0.667. Compared to the TTM, the mid term is trending down. +2
- The 5Y is 0.669. Compared to the TTM, the 5Y term is trending down. +2
- The 10Y is 0.631. Compared to the 5Y term, the 10Y term is trending up. -2
Current period | Compared to | +/- | |||
---|---|---|---|---|---|
MRQ | 0.485 | TTM | 0.628 | -0.143 | |
TTM | 0.628 | YOY | 0.667 | -0.039 | |
TTM | 0.628 | 5Y | 0.669 | -0.041 | |
5Y | 0.669 | 10Y | 0.631 | +0.039 |
Compared to industry (Rental & Leasing Services)
Let compare the company's Operating Ratio with the average (mean) in the Rental & Leasing Services industry:
- The MRQ average (mean) in the Rental & Leasing Services industry is 0.962. trending down. +2
- The TTM average (mean) in the Rental & Leasing Services industry is 0.957. trending down. +2
4.4.3. Liquidity of Air Lease Corporation.
4.4.3. Liquidity
4.4.3.1. Current Ratio
- Above 1.5 is considered healthy (always compare to Rental & Leasing Services industry mean).
- A Current Ratio of 0.39 means the company has $0.39 in assets for each $1 in short-term debts.
Let's take a look of the Current Ratio trends of Air Lease Corporation:
Trends
- The YOY is 0.617. Compared to the TTM, the mid term is trending down. -2
- The 5Y is 1.279. Compared to the TTM, the 5Y term is trending down. -2
- The 10Y is 0.965. Compared to the 5Y term, the 10Y term is trending up. +2
Current period | Compared to | +/- | |||
---|---|---|---|---|---|
MRQ | 0.387 | TTM | 0.336 | +0.051 | |
TTM | 0.336 | YOY | 0.617 | -0.281 | |
TTM | 0.336 | 5Y | 1.279 | -0.943 | |
5Y | 1.279 | 10Y | 0.965 | +0.314 |
Compared to industry (Rental & Leasing Services)
Let compare the company's Current Ratio with the average (mean) in the Rental & Leasing Services industry:
- The MRQ average (mean) in the Rental & Leasing Services industry is 1.290. trending down. -2
- The TTM average (mean) in the Rental & Leasing Services industry is 1.334. trending down. -2
4.4.3.2. Quick Ratio
- Above 1 is considered healthy but always compare Air Lease Corporation to the Rental & Leasing Services industry mean.
- A Quick Ratio of 0.38 means the company can pay off $0.38 for each $1 in debt (using most liquid assets).
Let's take a look of the Quick Ratio trends of Air Lease Corporation:
Trends
- The YOY is 0.751. Compared to the TTM, the mid term is trending down. -2
- The 5Y is 1.349. Compared to the TTM, the 5Y term is trending down. -2
- The 10Y is 0.995. Compared to the 5Y term, the 10Y term is trending up. +2
Current period | Compared to | +/- | |||
---|---|---|---|---|---|
MRQ | 0.384 | TTM | 0.507 | -0.123 | |
TTM | 0.507 | YOY | 0.751 | -0.244 | |
TTM | 0.507 | 5Y | 1.349 | -0.842 | |
5Y | 1.349 | 10Y | 0.995 | +0.353 |
Compared to industry (Rental & Leasing Services)
Let compare the company's Quick Ratio with the average (mean) in the Rental & Leasing Services industry:
- The MRQ average (mean) in the Rental & Leasing Services industry is 0.679. trending down. -2
- The TTM average (mean) in the Rental & Leasing Services industry is 0.679. trending down. -2
4.5.4. Solvency of Air Lease Corporation.
4.5.4. Solvency
4.5.4.1. Debt to Asset Ratio
- Below 1 (100%) is considered healthy but always compare Air Lease Corporation to Rental & Leasing Services industry mean.
- A Debt to Asset Ratio of 0.76 means that Air Lease Corporation assets are financed with 76.1% credit (debt) and the remaining percentage (100% - 76.1%) is financed by its owners/shareholders.
Let's take a look of the Debt to Asset Ratio trends of Air Lease Corporation:
Trends
- The YOY is 0.768. Compared to the TTM, the mid term is trending down. +2
- The 5Y is 0.758. Compared to the TTM, the 5Y term is trending up. -2
- The 10Y is 0.754. Compared to the 5Y term, the 10Y term is trending up. -2
Current period | Compared to | +/- | |||
---|---|---|---|---|---|
MRQ | 0.761 | TTM | 0.764 | -0.003 | |
TTM | 0.764 | YOY | 0.768 | -0.004 | |
TTM | 0.764 | 5Y | 0.758 | +0.006 | |
5Y | 0.758 | 10Y | 0.754 | +0.004 |
Compared to industry (Rental & Leasing Services)
Let compare the company's Debt to Asset Ratio with the average (mean) in the Rental & Leasing Services industry:
- The MRQ average (mean) in the Rental & Leasing Services industry is 0.694. trending up. -2
- The TTM average (mean) in the Rental & Leasing Services industry is 0.684. trending up. -2
4.5.4.2. Debt to Equity Ratio
- Below 2 is considered healthy but always compare Air Lease Corporation to the Rental & Leasing Services industry mean.
- A Debt to Equity ratio of 318.9% means that company has $3.19 debt for each $1 in shareholders equity.
Let's take a look of the Debt to Equity Ratio trends of Air Lease Corporation:
Trends
- The YOY is 3.308. Compared to the TTM, the mid term is trending down. +2
- The 5Y is 3.135. Compared to the TTM, the 5Y term is trending up. -2
- The 10Y is 3.066. Compared to the 5Y term, the 10Y term is trending up. -2
Current period | Compared to | +/- | |||
---|---|---|---|---|---|
MRQ | 3.189 | TTM | 3.240 | -0.051 | |
TTM | 3.240 | YOY | 3.308 | -0.067 | |
TTM | 3.240 | 5Y | 3.135 | +0.106 | |
5Y | 3.135 | 10Y | 3.066 | +0.068 |
Compared to industry (Rental & Leasing Services)
Let compare the company's Debt to Equity Ratio with the average (mean) in the Rental & Leasing Services industry:
- The MRQ average (mean) in the Rental & Leasing Services industry is 2.221. trending up. -2
- The TTM average (mean) in the Rental & Leasing Services industry is 2.170. trending up. -2
4.6. Market Valuation
4.6.1. Earnings Per Share
4.6.2.1. Price to Earnings Ratio
- Above 15 is considered overpriced but always compare Air Lease Corporation to the Rental & Leasing Services industry mean.
- A PE ratio of 12.18 means the investor is paying $12.18 for every $1 in earnings.
Let's take a look of the Price to Earnings Ratio trends of Air Lease Corporation:
Trends
- The YOY is 8.936. Compared to the TTM, the mid term is trending up. -2
- The 5Y is 9.180. Compared to the TTM, the 5Y term is trending up. -2
- The 10Y is 10.522. Compared to the 5Y term, the 10Y term is trending down. +2
Current period | Compared to | +/- | |||
---|---|---|---|---|---|
EOD | 13.286 | MRQ | 12.176 | +1.110 | |
MRQ | 12.176 | TTM | 10.914 | +1.262 | |
TTM | 10.914 | YOY | 8.936 | +1.978 | |
TTM | 10.914 | 5Y | 9.180 | +1.733 | |
5Y | 9.180 | 10Y | 10.522 | -1.342 |
Compared to industry (Rental & Leasing Services)
Let compare the company's Price to Earnings Ratio with the average (mean) in the Rental & Leasing Services industry:
- The MRQ average (mean) in the Rental & Leasing Services industry is 7.675. trending up. -2
- The TTM average (mean) in the Rental & Leasing Services industry is 8.560. trending up. -2
4.6.2.2. Price To Free Cash Flow Ratio
Let's take a look of the Price To Free Cash Flow Ratio trends of Air Lease Corporation:
- The EOD is 1.283. Based on how much money comes from the company's main activities, the company is cheap. +2
- The MRQ is 1.176. Based on how much money comes from the company's main activities, the company is cheap. +2
- The TTM is -1.400. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
- The YOY is -2.944. Compared to the TTM, the mid term is trending up. -2
- The 5Y is -2.890. Compared to the TTM, the 5Y term is trending up. -2
- The 10Y is -2.627. Compared to the 5Y term, the 10Y term is trending down. +2
Current period | Compared to | +/- | |||
---|---|---|---|---|---|
EOD | 1.283 | MRQ | 1.176 | +0.107 | |
MRQ | 1.176 | TTM | -1.400 | +2.576 | |
TTM | -1.400 | YOY | -2.944 | +1.544 | |
TTM | -1.400 | 5Y | -2.890 | +1.490 | |
5Y | -2.890 | 10Y | -2.627 | -0.263 |
Compared to industry (Rental & Leasing Services)
Let compare the company's priceToFreeCashFlowRatio with the average (mean) in the Rental & Leasing Services industry:
- The MRQ average (mean) in the Rental & Leasing Services industry is 1.278. trending down. +2
- The TTM average (mean) in the Rental & Leasing Services industry is 0.698. trending down. -2
4.6.2. Book Value per Share
4.6.2.1. Price to Book Ratio
- At or below 1 is considered healthy (always compare to Rental & Leasing Services industry mean).
- A PB ratio of 0.66 means the investor is paying $0.66 for each $1 in book value.
Let's take a look of the Price to Book Ratio trends of Air Lease Corporation:
Trends
- The YOY is 0.651. Compared to the TTM, the mid term is trending up. -2
- The 5Y is 0.686. Compared to the TTM, the 5Y term is trending up. -2
- The 10Y is 0.903. Compared to the 5Y term, the 10Y term is trending down. +2
Current period | Compared to | +/- | |||
---|---|---|---|---|---|
EOD | 0.720 | MRQ | 0.660 | +0.060 | |
MRQ | 0.660 | TTM | 0.708 | -0.048 | |
TTM | 0.708 | YOY | 0.651 | +0.057 | |
TTM | 0.708 | 5Y | 0.686 | +0.022 | |
5Y | 0.686 | 10Y | 0.903 | -0.217 |
Compared to industry (Rental & Leasing Services)
Let compare the company's Price to Book Ratio with the average (mean) in the Rental & Leasing Services industry:
- The MRQ average (mean) in the Rental & Leasing Services industry is 1.196. trending down. +2
- The TTM average (mean) in the Rental & Leasing Services industry is 1.178. trending down. +2
4.6.2. Total Gains per Share
2.4. Latest News of Air Lease Corporation
Does Air Lease Corporation still have the same value as the quarterly reports suggest? Recent changes may be an indication that the value of the company is changing. Read the news from Air Lease Corporation to keep up to date. Note: the news is often already included in the price.
Date | Title | Read |
---|---|---|
2024-12-13 19:54 | Qatar delegation to meet Syria's interim government on Sunday, Qatari official says | Read |
2024-12-13 17:03 | Blinken makes unannounced Iraq visit as part of Syria diplomacy push | Read |
2024-12-13 16:59 | Far too early to lift US sanctions on Syria, lawmakers say | Read |
2024-12-13 15:33 | Exclusive: Russian grain exports to Syria suspended due to uncertainty | Read |
2024-12-13 11:58 | Man City announce record revenue for 2023-24 season | Read |
2024-12-13 05:16 | US grand jury charges former Syrian prison official with torture | Read |
2024-12-12 19:52 | US security adviser Sullivan says Israel is acting in Syria for its own defence | Read |
2024-12-12 17:23 | Turkish intel head in Syria for meetings, sources and ministry say | Read |
2024-12-12 16:14 | Real Madrid's Mbappe struggling with thigh injury | Read |
2024-12-12 14:50 | Blinken to visit Turkey as U.S.- and Turkish-backed forces clash in Syria | Read |
4.7 Holders & Insider Transactions
Let's take a look at which institutions, funds and insiders are holding shares of Air Lease Corporation.
4.8.1. Institutions holding Air Lease Corporation
Institutions are holding 99.63% of the shares of Air Lease Corporation.
Date | Name | Total Shares | Total Assets | Current Shares | Change | % |
---|---|---|---|---|---|---|
2024-06-30 | BlackRock Inc | 11.6334 | 0.0139 | 12956871 | -906010 | -6.5355 |
2024-09-30 | Vanguard Group Inc | 10.6312 | 0.0096 | 11840714 | -514010 | -4.1604 |
2024-09-30 | Dimensional Fund Advisors, Inc. | 5.9956 | 0.0734 | 6677690 | -47784 | -0.7105 |
2024-09-30 | JPMorgan Chase & Co | 4.5597 | 0.0175 | 5078487 | -702872 | -12.1576 |
2024-09-30 | Wellington Management Company LLP | 4.5087 | 0.0398 | 5021645 | -186160 | -3.5746 |
2024-09-30 | Amvescap Plc. | 4.1501 | 0.0404 | 4622303 | -392946 | -7.835 |
2024-09-30 | State Street Corp | 3.062 | 0.0063 | 3410373 | 25874 | 0.7645 |
2024-09-30 | Royce & Associates, LP | 2.5818 | 1.1838 | 2875522 | 70299 | 2.506 |
2024-09-30 | American Century Companies Inc | 2.548 | 0.0747 | 2837851 | 404175 | 16.6076 |
2024-09-30 | Earnest Partners LLC | 2.3058 | 0.5064 | 2568122 | 298842 | 13.169 |
2024-09-30 | Thrivent Financial For Lutherans | 2.006 | 0.1923 | 2234247 | 4895 | 0.2196 |
2024-09-30 | Lyrical Asset Management LP | 1.7685 | 1.2992 | 1969688 | -141765 | -6.7141 |
2024-09-30 | Allspring Global Investments Holdings, LLC | 1.7579 | 0.1373 | 1957943 | -161618 | -7.6251 |
2024-09-30 | Copeland Capital Management, LLC | 1.644 | 1.4423 | 1830994 | 12441 | 0.6841 |
2024-09-30 | Geode Capital Management, LLC | 1.4638 | 0.006 | 1630317 | 6190 | 0.3811 |
2024-09-30 | Reinhart Mahoney Capital Management Inc | 1.3861 | 2.6552 | 1543756 | 98755 | 6.8343 |
2024-09-30 | DZ BANK AG Deutsche Zentral-Genossenschaftsbank Frankfurt am Main | 1.2272 | 0.0607 | 1366790 | 523143 | 62.0097 |
2024-09-30 | Capital Research Global Investors | 1.2211 | 0.0128 | 1360000 | 1360000 | 0 |
2024-06-30 | Bank of America Corp | 1.2144 | 0.0057 | 1352577 | 126564 | 10.3232 |
2024-09-30 | Cooke & Bieler LP | 1.1535 | 0.5286 | 1284744 | -62330 | -4.6271 |
Total | 66.8188 | 8.3059 | 74420634 | -184317 | -0.2% |
4.9.2. Funds holding Air Lease Corporation
Date | Name | Total Shares | Total Assets | Current Shares | Change | % |
---|---|---|---|---|---|---|
2024-11-27 | iShares Core S&P Small-Cap ETF | 6.0148 | 0.3595 | 6699063 | 2976 | 0.0444 |
2024-10-31 | Vanguard Total Stock Mkt Idx Inv | 2.8021 | 0.008 | 3120861 | -10347 | -0.3304 |
2024-11-28 | Avantis US Small Cap Value ETF | 2.3743 | 0.8381 | 2644376 | 10440 | 0.3964 |
2024-10-31 | Vanguard Small Cap Index | 2.2574 | 0.0733 | 2514272 | 4900 | 0.1953 |
2024-09-30 | DFA US Small Cap Value I | 1.613 | 0.486 | 1796454 | 23009 | 1.2974 |
2024-10-31 | Vanguard Small Cap Value Index Inv | 1.525 | 0.1299 | 1698450 | -583 | -0.0343 |
2024-10-31 | Vanguard Institutional Extnd Mkt Idx Tr | 1.3707 | 0.0624 | 1526610 | -13628 | -0.8848 |
2024-09-30 | JPMorgan Mid Cap Growth I | 1.1985 | 0.5442 | 1334851 | -252614 | -15.913 |
2024-09-30 | JPM US Mid Cap Growth-Composite | 1.1985 | 0.5441 | 1334851 | -252614 | -15.913 |
2024-09-30 | JPMorgan Growth Advantage A | 1.1972 | 0.2938 | 1333372 | 0 | 0 |
2024-10-31 | Invesco Value Opportunities A | 1.1932 | 1.3978 | 1329000 | -23400 | -1.7303 |
2024-08-31 | Thrivent Small Cap Stock A | 1.1323 | 1.7998 | 1261157 | 6436 | 0.5129 |
2024-09-30 | American Funds SMALLCAP World A | 1.1223 | 0.0735 | 1250000 | 1250000 | 0 |
2024-09-30 | Lyrical U.S. Value Equity – EQ | 0.9415 | 2.706 | 1048587 | -15181 | -1.4271 |
2024-09-30 | DFA US Targeted Value I | 0.9234 | 0.3375 | 1028461 | 0 | 0 |
2024-11-27 | SPDR® Portfolio S&P 600™ Sm Cap ETF | 0.8482 | 0.3596 | 944711 | 696 | 0.0737 |
2024-10-31 | Invesco Small Cap Value A | 0.817 | 0.6925 | 909900 | 0 | 0 |
2024-09-30 | Lyrical U.S. Value Equity - CS | 0.8081 | 1.1315 | 900010 | -44991 | -4.7609 |
2024-09-30 | UniGlobal Dividende A | 0.7587 | 1.4236 | 845002 | 0 | 0 |
2024-11-27 | iShares S&P Small-Cap 600 Value ETF | 0.7515 | 0.5524 | 836957 | -2772 | -0.3301 |
Total | 30.8477 | 13.8135 | 34356945 | +682327 | +2.0% |
5.3. Insider Transactions
Insiders are holding 6.495% of the shares of Air Lease Corporation.
5. Financial Statements
5.1. Reversals in quarterly reports
I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.
5.2. Latest Balance Sheet
Balance Sheet of 2024-09-30. Currency in USD. All numbers in thousands.
Summary
As reported | |
---|---|
Total Liabilities | 24,478,132 |
Total Stockholder Equity | + 7,675,697 |
Total Assets | = 32,153,829 |
Assets
Total Current Assets
Long-term Assets
Property Plant Equipment | 28,945,169 |
Long Term Investments | 71,400 |
Long-term Assets Other | 2,671,910 |
Long-term Assets (as reported) | 31,688,479 |
---|---|
Long-term Assets (calculated) | 31,688,479 |
+/- | 0 |
Liabilities & Shareholders' Equity
Total Current Liabilities
Long-term Liabilities
Long term Debt | 20,161,860 |
Long-term Liabilities (as reported) | 23,276,796 |
---|---|
Long-term Liabilities (calculated) | 20,161,860 |
+/- | 3,114,936 |
Other
5.3. Balance Sheets Structured
Currency in USD. All numbers in thousands.
Trend | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
> Total Assets |
| 32,153,829 | 31,018,377 | 30,912,435 | 30,452,252 | 29,672,225 | 29,757,822 | 29,363,141 | 28,396,705 | 28,223,971 | 27,646,457 | 26,874,849 | 26,968,722 | 27,014,561 | 25,755,520 | 25,189,381 | 25,215,175 | 23,604,765 | 22,993,720 | 22,682,345 | 21,709,155 | 21,609,701 | 20,484,348 | 19,178,935 | 18,481,808 | 17,567,303 | 17,255,447 | 15,944,846 | 15,614,164 | 14,901,647 | 14,861,397 | 14,477,040 | 13,975,616 | 13,680,907 | 13,340,170 | 12,783,410 | 12,355,098 | 11,911,694 | 11,666,206 | 11,145,238 | 10,774,784 | 10,545,563 | 10,052,116 | 9,553,305 | 9,332,604 | 8,808,301 | 8,439,671 | 7,955,675 | 7,353,624 | 7,165,478 | 6,808,337 | 6,286,628 | 5,164,593 | 4,247,017 | 3,753,499 | 2,788,658 | 2,276,282 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
> Total Current Assets |
| 465,350 | 455,656 | 555,925 | 464,492 | 515,734 | 580,435 | 701,537 | 780,017 | 1,116,968 | 1,033,848 | 1,512,056 | 1,108,292 | 1,893,668 | 1,232,760 | 1,352,193 | 1,757,767 | 1,262,137 | 941,990 | 753,381 | 338,061 | 336,423 | 288,102 | 298,242 | 322,998 | 248,919 | 281,058 | 271,624 | 308,282 | 245,430 | 261,949 | 174,088 | 290,802 | 243,884 | 197,124 | 179,304 | 173,203 | 130,422 | 171,522 | 227,135 | 290,288 | 218,869 | 258,833 | 332,819 | 357,481 | 307,196 | 312,274 | 328,181 | 336,396 | 551,465 | 501,596 | 915,643 | 377,962 | 354,466 | 513,900 | 292,377 | 377,497 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash And Cash Equivalents |
| 460,785 | 455,656 | 554,373 | 460,870 | 512,084 | 576,730 | 690,408 | 766,418 | 1,101,844 | 1,012,779 | 1,490,765 | 1,086,500 | 1,873,844 | 1,210,054 | 1,327,999 | 1,734,155 | 1,238,569 | 926,435 | 732,719 | 317,488 | 291,772 | 264,058 | 285,715 | 300,127 | 228,502 | 259,530 | 252,491 | 292,204 | 226,019 | 239,710 | 155,758 | 274,802 | 226,822 | 172,734 | 162,814 | 156,675 | 119,722 | 162,989 | 210,156 | 282,819 | 210,671 | 244,447 | 256,078 | 270,173 | 221,680 | 234,299 | 217,623 | 230,089 | 439,681 | 388,587 | 803,266 | 281,805 | 279,647 | 445,038 | 230,313 | 328,821 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Short-term Investments |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 20,417 | 21,528 | 19,133 | 16,078 | 19,411 | 22,239 | 18,330 | 16,000 | 17,062 | 24,390 | 16,490 | 16,528 | 10,700 | 8,533 | 16,979 | 7,469 | 8,198 | 14,386 | 76,741 | 87,308 | 85,516 | 77,975 | 110,558 | 106,307 | 111,784 | 113,009 | 112,377 | 96,157 | 74,819 | 68,862 | 62,064 | 48,676 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Receivables |
| 0 | 368,244 | 375,275 | 340,719 | 307,773 | 12,300 | 278,272 | 24,600 | 256,557 | 141,091 | 0 | 28,429 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 28,066 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other Current Assets |
| 4,565 | 1,533 | 1,552 | 3,622 | 3,650 | 3,705 | 11,129 | 13,599 | 15,124 | 21,069 | 21,291 | 21,792 | 19,824 | 22,706 | 24,194 | 23,612 | 23,568 | 15,555 | 20,662 | 20,573 | 44,651 | 24,044 | 12,527 | 22,871 | 20,417 | 21,528 | 19,133 | 16,078 | 19,411 | 22,239 | 18,330 | 16,000 | 17,062 | 24,390 | 16,490 | 16,528 | 10,700 | 8,533 | 16,979 | 7,469 | 8,198 | 14,386 | 76,741 | 87,308 | 85,516 | 77,975 | 110,558 | 106,307 | 111,784 | 113,009 | 112,377 | 96,157 | 74,819 | 68,862 | 62,064 | 48,676 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
> Long-term Assets |
| 31,688,479 | 30,562,721 | 30,356,510 | 29,987,760 | 29,156,491 | 29,177,387 | 28,661,604 | 27,616,688 | 27,107,003 | 26,612,609 | 25,362,793 | 25,860,430 | 25,120,893 | 24,522,760 | 23,837,188 | 23,457,408 | 22,342,628 | 22,051,730 | 21,928,964 | 21,371,094 | 21,273,278 | 20,196,246 | 18,880,693 | 18,158,810 | 17,318,384 | 16,974,389 | 15,673,222 | 15,305,882 | 14,656,217 | 14,599,448 | 14,302,952 | 13,684,814 | 13,437,023 | 13,143,046 | 12,604,106 | 12,181,895 | 11,781,272 | 11,494,684 | 10,918,103 | 10,484,496 | 10,326,694 | 9,793,283 | 9,220,486 | 8,975,123 | 8,501,105 | 8,127,397 | 7,627,494 | 7,017,228 | 6,614,013 | 6,306,741 | 5,370,985 | 4,786,631 | 3,892,551 | 3,239,599 | 2,496,281 | 1,898,785 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property Plant Equipment |
| 28,945,169 | 27,921,265 | 27,632,866 | 27,434,276 | 26,768,696 | 26,621,038 | 26,969,850 | 25,883,358 | 25,421,900 | 25,086,429 | 23,911,186 | 24,407,896 | 23,708,294 | 23,187,673 | 22,541,448 | 22,180,469 | 21,150,648 | 20,899,008 | 20,798,869 | 20,268,525 | 20,512,226 | 19,446,966 | 18,156,466 | 17,516,370 | 16,722,151 | 16,419,651 | 15,156,634 | 14,843,026 | 14,224,687 | 14,183,114 | 13,954,743 | 13,332,601 | 13,103,842 | 12,830,706 | 12,319,311 | 11,884,510 | 11,503,277 | 11,094,339 | 10,621,753 | 10,098,407 | 10,041,573 | 9,506,059 | 8,926,772 | 8,688,158 | 8,206,762 | 7,844,715 | 7,347,549 | 6,816,581 | 5,872,388 | 5,653,252 | 4,757,380 | 4,642,965 | 3,340,615 | 2,814,926 | 2,141,738 | 1,813,176 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long Term Investments |
| 71,400 | 70,200 | 69,500 | 69,400 | 65,900 | 65,600 | 65,100 | 64,700 | 64,100 | 64,200 | 62,400 | 73,200 | 72,900 | 59,600 | 0 | 0 | 0 | 0 | 0 | 56,400 | 51,300 | 50,400 | 49,500 | 5,400 | 43,300 | 37,200 | 36,300 | 32,300 | 0 | 0 | 0 | 25,100 | 0 | 0 | 0 | 18,600 | 0 | 0 | 0 | 10,100 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other Assets |
| 4,565 | 30,564,254 | 30,358,062 | 0 | 29,160,141 | 29,181,092 | 11,129 | 13,599 | 27,122,127 | 26,633,678 | 25,384,084 | 25,882,222 | 27,014,561 | 24,453,860 | 23,837,188 | 23,457,408 | 22,281,128 | 21,962,930 | 21,695,464 | 21,065,094 | 21,221,978 | 20,145,846 | 12,527 | 18,153,410 | 17,275,084 | 16,937,189 | 15,636,922 | 2,025,632 | 1,983,280 | 1,856,783 | 1,679,902 | 1,642,889 | 1,561,907 | 1,445,122 | 1,364,485 | 1,368,420 | 1,362,070 | 1,425,290 | 1,443,987 | 1,530,692 | 1,428,083 | 1,463,942 | 1,473,885 | 1,361,988 | 1,261,017 | 1,144,085 | 1,056,417 | 765,365 | 741,625 | 653,489 | 613,605 | 549,215 | 551,936 | 424,673 | 354,543 | 268,976 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
> Total Liabilities |
| 24,478,132 | 23,711,131 | 23,680,564 | 23,292,214 | 22,711,172 | 22,905,169 | 22,618,555 | 21,750,342 | 21,695,537 | 21,206,823 | 20,505,264 | 19,960,154 | 20,430,778 | 19,253,805 | 18,761,169 | 19,142,834 | 17,627,442 | 17,123,919 | 16,945,976 | 16,085,611 | 16,147,528 | 15,184,464 | 14,005,118 | 13,674,908 | 13,088,385 | 12,917,605 | 11,718,223 | 11,486,722 | 11,246,064 | 11,303,193 | 11,017,808 | 10,593,429 | 10,392,618 | 10,144,641 | 9,679,007 | 9,335,186 | 8,972,246 | 8,804,345 | 8,360,054 | 8,002,722 | 7,850,473 | 7,420,358 | 6,969,797 | 6,809,170 | 6,347,495 | 6,028,644 | 5,580,557 | 5,021,003 | 4,879,806 | 4,567,487 | 4,075,201 | 2,988,310 | 2,103,729 | 1,627,151 | 1,549,639 | 1,051,347 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
> Total Current Liabilities |
| 1,201,336 | 2,613,477 | 1,298,313 | 1,308,001 | 1,542,374 | 1,568,925 | 834,684 | 844,553 | 754,250 | 775,653 | 679,922 | 750,573 | 681,247 | 668,554 | 583,778 | 635,388 | 541,671 | 629,660 | 626,030 | 660,189 | 555,079 | 577,678 | 483,483 | 501,658 | 419,396 | 441,577 | 387,966 | 414,002 | 334,841 | 379,681 | 326,006 | 356,160 | 336,645 | 322,257 | 282,670 | 307,468 | 253,188 | 444,065 | 327,133 | 266,829 | 229,335 | 236,403 | 206,797 | 192,743 | 177,193 | 162,399 | 151,016 | 131,306 | 95,240 | 81,994 | 52,139 | 80,665 | 44,139 | 28,986 | 23,082 | 30,092 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Short-term Debt |
| 0 | 1,696,479 | 1,726,518 | 3,208,528 | 26,820 | 1,300,288 | 1,398,216 | 2,623,262 | 4,953,021 | 3,963 | 1,255,876 | 17,022,480 | 17,616,880 | 1,226,118 | 1,208,529 | 16,518,338 | 1,194,985 | 1,169,184 | 515,000 | 20,000 | 610,000 | 801,000 | 827,000 | 602,000 | 1,072,060 | 956,000 | 337,000 | 847,000 | 1,436,000 | 1,477,000 | 706,000 | 766,000 | 1,018,000 | 1,658,000 | 1,599,000 | 720,000 | 494,000 | 695,000 | 338,000 | 569,000 | 459,000 | 989,000 | 575,000 | 808,000 | 1,239,000 | 950,000 | 445,000 | 420,000 | 0 | 0 | 0 | 358,000 | 250,133 | 214,595 | 0 | 120,000 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Short Long Term Debt |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 515,000 | 20,000 | 0 | 0 | 2,907 | 0 | 0 | 10,962,446 | 9,887,499 | 9,698,785 | 9,237,320 | 9,303,312 | 9,102,689 | 8,713,874 | 0 | 0 | 0 | 7,712,421 | 0 | 0 | 0 | 6,630,758 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accounts payable |
| 1,072,033 | 916,998 | 1,160,132 | 1,164,140 | 1,400,890 | 1,427,631 | 681,096 | 696,899 | 604,327 | 628,526 | 544,280 | 611,757 | 542,531 | 532,440 | 451,094 | 492,473 | 401,443 | 497,709 | 491,251 | 516,497 | 420,444 | 453,536 | 366,826 | 382,132 | 310,240 | 329,426 | 281,122 | 309,182 | 232,399 | 274,353 | 223,374 | 256,775 | 235,227 | 227,216 | 192,389 | 215,983 | 168,558 | 362,250 | 250,068 | 190,952 | 160,755 | 170,758 | 146,177 | 131,223 | 123,604 | 112,675 | 104,045 | 90,169 | 0 | 0 | 0 | 54,648 | 44,139 | 28,986 | 0 | 22,054 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other Current Liabilities |
| 0 | -128,992 | -138,181 | -4,372,668 | -26,820 | -1,300,288 | -1,398,216 | -2,623,262 | -4,953,021 | -3,963 | 0 | 0 | -17,616,880 | 532,440 | 451,094 | 492,473 | 401,443 | 497,709 | -515,000 | -20,000 | -610,000 | -801,000 | -827,000 | -602,000 | 310,240 | -956,000 | -337,000 | -847,000 | -1,436,000 | -1,477,000 | -706,000 | -766,000 | -1,018,000 | -1,658,000 | -1,599,000 | -720,000 | -494,000 | -695,000 | -338,000 | -569,000 | -459,000 | -989,000 | -575,000 | -808,000 | -1,239,000 | -950,000 | -445,000 | -420,000 | 95,240 | 81,994 | 52,139 | -358,000 | 44,139 | 28,986 | 23,082 | -120,000 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
> Long-term Liabilities |
| 23,276,796 | 21,097,654 | 22,382,251 | 21,984,213 | 21,168,798 | 21,336,244 | 21,783,871 | 20,905,789 | 20,941,287 | 20,431,170 | 19,825,342 | 19,209,581 | 19,749,531 | 18,585,251 | 18,177,391 | 18,507,446 | 17,085,771 | 16,494,259 | 16,319,946 | 15,425,422 | 15,592,449 | 14,606,786 | 13,521,635 | 13,173,250 | 12,668,989 | 12,476,028 | 11,330,257 | 11,072,720 | 10,911,223 | 10,923,512 | 10,691,802 | 10,237,269 | 10,055,973 | 9,822,384 | 9,396,337 | 9,027,718 | 8,719,058 | 8,360,280 | 8,032,921 | 7,735,893 | 7,621,138 | 7,183,955 | 6,763,000 | 6,616,427 | 6,170,302 | 5,866,245 | 5,429,541 | 4,889,697 | 4,784,566 | 4,485,493 | 4,023,062 | 2,907,645 | 2,059,590 | 1,598,165 | 1,526,557 | 1,021,255 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long term Debt Total |
| 0 | 0 | 0 | 0 | 18,645,843 | 18,895,793 | 19,447,601 | 18,641,063 | 18,769,057 | 18,336,075 | 17,824,725 | 17,022,480 | 17,616,880 | 16,540,258 | 16,166,904 | 16,518,338 | 15,180,145 | 14,639,045 | 14,414,621 | 13,578,866 | 13,751,872 | 12,859,244 | 11,869,671 | 11,538,905 | 11,094,337 | 10,962,446 | 9,887,499 | 9,698,785 | 9,237,320 | 9,303,312 | 9,102,689 | 8,713,874 | 8,554,732 | 8,390,466 | 8,017,501 | 7,712,421 | 7,498,240 | 7,220,460 | 6,954,802 | 6,714,362 | 6,646,635 | 6,284,177 | 5,943,096 | 5,853,317 | 5,466,278 | 0 | 4,861,201 | 4,384,732 | 0 | 0 | 0 | 0 | 1,802,648 | 1,383,570 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other Liabilities |
| 0 | 0 | 0 | 0 | 2,664,439 | 2,581,745 | 0 | 2,412,380 | 2,322,153 | 2,242,222 | 2,136,259 | 2,325,917 | 2,271,367 | 2,181,107 | 2,143,171 | 2,132,023 | 2,045,854 | 1,987,165 | 2,040,104 | 1,990,248 | 1,975,212 | 1,871,684 | 1,768,621 | 1,753,871 | 1,683,808 | 1,625,733 | 1,549,602 | 1,270,142 | 1,185,204 | 1,230,901 | 1,200,212 | 1,212,495 | 1,222,874 | 1,190,358 | 1,147,876 | 1,160,798 | 1,055,414 | 1,207,830 | 1,071,251 | 965,001 | 909,776 | 875,963 | 800,126 | 762,590 | 717,168 | 664,563 | 604,938 | 543,529 | 512,465 | 469,618 | 382,198 | 364,819 | 294,272 | 243,581 | 174,819 | 139,366 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Deferred Long Term Liability |
| 0 | 0 | 0 | 0 | 0 | 1,029,685 | 999,379 | 970,797 | 936,526 | 908,653 | 880,383 | 1,013,270 | 980,775 | 954,989 | 934,642 | 916,404 | 850,869 | 817,981 | 782,368 | 749,495 | 749,504 | 711,788 | 680,567 | 643,767 | 611,748 | 580,273 | 548,435 | 517,795 | 823,540 | 768,980 | 714,907 | 667,060 | 615,012 | 563,817 | 513,630 | 461,967 | 418,592 | 376,055 | 334,001 | 323,359 | 294,062 | 260,218 | 226,575 | 193,263 | 164,049 | 0 | 114,418 | 92,742 | 0 | 0 | 0 | 0 | 6,809 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
> Total Stockholder Equity |
| 7,675,697 | 7,307,246 | 7,231,871 | 7,160,038 | 6,961,053 | 6,852,653 | 6,744,586 | 6,646,363 | 6,528,434 | 6,439,634 | 6,369,585 | 7,008,568 | 6,583,783 | 6,501,715 | 6,428,212 | 6,072,341 | 5,977,323 | 5,869,801 | 5,736,369 | 5,623,544 | 5,462,173 | 5,299,884 | 5,173,817 | 4,806,900 | 4,478,918 | 4,337,842 | 4,226,623 | 4,127,442 | 3,655,583 | 3,558,204 | 3,459,232 | 3,382,187 | 3,288,289 | 3,195,529 | 3,104,403 | 3,019,912 | 2,939,448 | 2,861,861 | 2,785,184 | 2,772,062 | 2,695,090 | 2,631,758 | 2,583,508 | 2,523,434 | 2,460,806 | 2,411,027 | 2,375,118 | 2,332,621 | 2,285,672 | 2,240,850 | 2,211,427 | 2,176,283 | 2,143,288 | 2,126,348 | 1,239,019 | 1,224,935 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock |
| 1,114 | 1,114 | 1,114 | 1,110 | 1,110 | 1,110 | 1,110 | 1,109 | 1,109 | 1,109 | 1,113 | 1,140 | 1,140 | 1,141 | 1,141 | 1,139 | 1,138 | 1,138 | 1,136 | 1,134 | 1,127 | 1,117 | 1,111 | 1,110 | 1,041 | 1,041 | 1,040 | 1,036 | 1,032 | 1,012 | 1,012 | 1,010 | 1,010 | 1,010 | 1,010 | 1,010 | 1,010 | 1,010 | 1,010 | 1,010 | 1,010 | 1,010 | 1,009 | 1,009 | 1,009 | 1,009 | 1,009 | 1,009 | 1,009 | 1,009 | 1,002 | 1,002 | 1,002 | 1,002 | 654 | 654 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Retained Earnings Total Equity |
| 0 | 0 | 0 | 0 | 0 | 3,582,683 | 3,482,912 | 3,386,820 | 3,274,113 | 3,194,672 | 3,109,331 | 3,609,885 | 3,488,655 | 3,406,912 | 3,339,588 | 3,277,599 | 3,188,566 | 3,089,082 | 2,962,368 | 2,846,106 | 2,702,018 | 2,564,719 | 2,455,201 | 2,331,552 | 2,207,575 | 2,071,408 | 1,966,596 | 1,866,342 | 1,405,601 | 1,314,154 | 1,220,970 | 1,143,311 | 1,054,037 | 965,902 | 879,242 | 791,526 | 715,756 | 642,817 | 570,804 | 555,573 | 489,537 | 430,176 | 371,197 | 312,859 | 257,066 | 0 | 170,575 | 133,111 | 0 | 0 | 0 | 0 | -23,570 | -41,841 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accumulated Other Comprehensive Income |
| -3,106 | 151 | 662 | 1,775 | 1,385 | 1,524 | 1,819 | 2,355 | 2,937 | -535 | -70 | -1,808 | -1,735 | -1,149 | -922 | 325 | -971 | -2,351 | -2,875 | -1,397 | -100 | -100 | -100 | -2,278,214 | -2,161,154 | -2,098,524 | -1,955,924 | -1,819,790 | -1,725,061 | -1,643,809 | -1,657,268 | -1,555,605 | -1,490,007 | -1,398,298 | -1,311,215 | -1,213,323 | -1,114,720 | -1,012,674 | -969,204 | -878,617 | -829,159 | -754,227 | -693,075 | -621,180 | -551,432 | -479,681 | -410,898 | -347,035 | -286,374 | -228,442 | -175,905 | -131,569 | -92,693 | -62,036 | -37,392 | -19,262 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Capital Surplus |
| 0 | 0 | 0 | 0 | 3,275,949 | 3,267,230 | 3,258,639 | 3,255,973 | 3,250,169 | 3,244,282 | 3,259,105 | 3,399,245 | 3,095,620 | 3,094,708 | 3,088,302 | 2,793,178 | 2,788,490 | 2,781,832 | 2,775,640 | 2,777,601 | 2,758,928 | 2,733,948 | 2,717,405 | 2,474,238 | 2,270,302 | 2,265,393 | 2,258,987 | 2,260,064 | 2,248,950 | 2,243,038 | 2,237,250 | 2,237,866 | 2,233,242 | 2,228,617 | 2,224,151 | 2,227,376 | 2,222,682 | 2,218,034 | 2,213,370 | 2,215,479 | 2,204,543 | 2,200,572 | 2,211,302 | 2,209,566 | 2,202,731 | 0 | 2,203,534 | 2,198,501 | 0 | 0 | 0 | 0 | 2,165,856 | 2,167,187 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other Stockholders Equity |
| 3,598,407 | 3,294,959 | 3,286,122 | 3,287,234 | 3,275,949 | 3,267,230 | 3,258,639 | 3,255,973 | 3,250,169 | 3,244,282 | 3,259,105 | 3,399,245 | 3,095,620 | 3,094,708 | 3,088,302 | 2,793,178 | 2,788,490 | 2,781,832 | 2,775,640 | 2,777,601 | 2,759,028 | 2,734,048 | 2,717,505 | 2,474,238 | 2,270,302 | 2,265,393 | 2,258,987 | 2,260,064 | 2,248,950 | 2,243,038 | 2,237,250 | 2,237,866 | 2,233,242 | 2,228,617 | 2,224,151 | 2,227,376 | 2,222,682 | 2,218,034 | 2,213,370 | 2,215,479 | 2,204,543 | 2,200,572 | 2,211,302 | 2,209,566 | 2,202,731 | 2,198,986 | 2,203,534 | 2,198,501 | 2,191,361 | 2,183,550 | 2,182,306 | 2,174,089 | 2,165,856 | 2,167,187 | 1,287,229 | 1,276,321 | 0 | 0 | 0 |
5.4. Balance Sheets
Currency in USD. All numbers in thousands.