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AYR » Topics » Comparison of the nine months ended September 30, 2007 to the nine months ended September 30, 2008

This excerpt taken from the AYR 10-K filed Mar 2, 2009.
Comparison of the year ended December 31, 2007 to the year ended December 31, 2008:
 
                 
    Year Ended
 		 
    December 31,  
(Dollars in thousands)
  2007     2008  
 
Revenues:
               
Lease rental revenue
  $ 362,497     $ 542,270  
Amortization of net lease discounts and lease incentives
    7,379       1,815  
Maintenance revenue
    —       34,460  
                 
Total lease rentals
    369,876       578,545  
Interest income
    10,400       3,174  
Other revenue
    815       868  
                 
Total revenues
    381,091       582,587  
                 
Expenses:
               
Depreciation
    126,403       201,759  
Interest, net
    92,660       203,529  
Selling, general and administrative
    39,040       46,806  
Other expense
    2,081       3,982  
                 
Total operating expenses
    260,184       456,076  
                 
Other income (expense):
               
Gain on sale of aircraft. 
    —       6,525  
Other income (expense)
    1,154       (10,204 )
                 
Total other income (expense)
    1,154       (3,679 )
                 
Income from continuing operations before income taxes
    122,061       122,832  
Income tax provision
    7,658       7,541  
                 
Income from continuing operations
    114,403       115,291  
Earnings from discontinued operations, net of income taxes
    12,941       —  
                 
Net income
  $ 127,344     $ 115,291  
                 
 
This excerpt taken from the AYR 10-Q filed Nov 17, 2008.
Comparison of the nine months ended September 30, 2007 to the nine months ended September 30, 2008
 
                 
    Nine Months Ended
 		 
    September 30,  
(Dollars in thousands)
  2007     2008  
 
Revenues:
               
Lease rentals
  $ 252,147     $ 421,710  
Interest income
    7,683       2,533  
Other revenue
    553       562  
                 
Total revenues
    260,383       424,805  
                 
Expenses:
               
Depreciation
    84,378       151,840  
Interest, net
    63,151       146,442  
Selling, general and administrative
    27,324       34,484  
Other expense
    1,264       2,133  
                 
Total operating expenses
    176,117       334,899  
                 
Other income (expense):
               
Gain on sale of aircraft
    —       5,898  
Other income (expense)
    1,154       (590 )
                 
Total other income (expense)
    1,154       5,308  
                 
Income from continuing operations before income taxes
    85,420       95,214  
Income tax provision
    4,935       4,662  
                 
Income from continuing operations
    80,485       90,552  
Earnings from discontinued operations, net of income taxes
    11,594       —  
                 
Net income
  $ 92,079     $ 90,552  
                 


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Table of Contents

This excerpt taken from the AYR 10-Q filed Aug 8, 2008.
Comparison of the six months ended June 30, 2007 to the six months ended June 30, 2008
 
                 
    Six Months Ended
 		 
    June 30,  
(Dollars in thousands)
  2007     2008  
 
Revenues:
               
Lease rentals
  $ 149,284     $ 277,918  
Interest income
    5,316       1,905  
Other revenue
    519       528  
                 
Total revenues
    155,119       280,351  
                 
Expenses:
               
Depreciation
    49,398       99,820  
Interest, net
    36,077       92,330  
Selling, general and administrative
    18,944       22,843  
Other expense
    761       1,242  
                 
Total operating expenses
    105,180       216,235  
                 
Other income:
               
Gain on sale of aircraft. 
    —       5,126  
Other
    1,154       1,083  
                 
Total other income
    1,154       6,209  
                 
Income from continuing operations before income taxes
    51,093       70,325  
Income tax provision
    3,078       3,347  
                 
Income from continuing operations
    48,015       66,978  
Earnings from discontinued operations, net of income taxes
    11,594       —  
                 
Net income
  $ 59,609     $ 66,978  
                 
 

EXCERPTS ON THIS PAGE:

10-K
Mar 2, 2009
10-Q
Nov 17, 2008
10-Q
Aug 8, 2008

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