AYR » Topics » Comparison of the year ended December 31, 2006 to the year ended December 31, 2007:

This excerpt taken from the AYR 10-K filed Mar 2, 2009.
Comparison of the year ended December 31, 2006 to the year ended December 31, 2007:
 
                 
    Year Ended
 
    December 31,  
(Dollars in thousands)
  2006     2007  
 
Revenues:
               
Lease rental revenue
  $ 169,199     $ 362,497  
Amortization of net lease discounts and lease incentives
    4,406       7,379  
Maintenance revenue
           
                 
Total lease rentals
    173,605       369,876  
Interest income
    9,038       10,400  
Other revenue
    209       815  
                 
Total revenues
    182,852       381,091  
                 
Expenses:
               
Depreciation
    53,424       126,403  
Interest, net
    49,566       92,660  
Selling, general and administrative
    27,836       39,040  
Other expense
    1,261       2,081  
                 
Total operating expenses
    132,087       260,184  
                 
Other income (expense):
               
Gain on sale of aircraft. 
           
Other income (expense)
          1,154  
                 
Total other income (expense)
          1,154  
                 
Income from continuing operations before income taxes
    50,765       122,061  
Income tax provision
    4,845       7,658  
                 
Income from continuing operations
    45,920       114,403  
Earnings from discontinued operations, net of income taxes
    5,286       12,941  
                 
Net income
  $ 51,206     $ 127,344  
                 


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