Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of AerSale.
Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $345.07M | $334.50M | $408.54M | $340.44M | $208.94M | $304.20M | $290.73M | $174.72M |
| Cost of Revenue | $241.13M | $242.08M | $257.15M | $221.04M | $156.15M | $219.15M | $218.56M | $138.79M |
| Gross Profit | $103.94M | $92.42M | $151.39M | $119.39M | $52.79M | $85.05M | $72.17M | $35.92M |
| Gross Profit Ratio | 30.12% | 27.63% | 37.06% | 35.07% | 25.27% | 27.96% | 24.82% | 20.56% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $94.19M | $103.19M | $96.35M | $77.50M | $55.63M | $59.81M | $46.61M | $46.06M |
| Other Expenses | $- | $- | $2.27M | $-14.77M | $-12.69M | $611.00K | $367.81K | $- |
| Operating Expenses | $94.19M | $103.19M | $96.35M | $62.73M | $42.94M | $59.81M | $46.61M | $44.95M |
| Cost and Expenses | $335.32M | $345.27M | $353.50M | $283.77M | $199.09M | $278.97M | $265.18M | $183.74M |
| Interest Income | $- | $- | $1.09M | $980.00K | $1.65M | $3.16M | $- | $7.95M |
| Interest Expense | $- | $- | $1.09M | $980.00K | $1.64M | $3.01M | $2.37M | $- |
| Depreciation and Amortization | $- | $10.82M | $10.98M | $13.00M | $24.22M | $30.08M | $29.83M | $2.55M |
| EBITDA | $9.74M | $48.00K | $66.89M | $69.66M | $24.41M | $55.32M | $55.38M | $-7.59M |
| EBITDA Ratio | 2.82% | 0.01% | 16.37% | 20.46% | 11.68% | 18.18% | 19.05% | -4.34% |
| Operating Income | $9.74M | $-10.77M | $55.05M | $56.66M | $11.28M | $22.06M | $25.51M | $-10.14M |
| Operating Income Ratio | 2.82% | -3.22% | 13.47% | 16.64% | 5.40% | 7.25% | 8.77% | -5.81% |
| Total Other Income Expenses Net | $-1.91M | $3.09M | $2.84M | $-8.89M | $-1.54M | $-2.40M | $-2.01M | $-6.83M |
| Income Before Tax | $7.84M | $-7.68M | $57.88M | $47.77M | $10.13M | $19.66M | $23.50M | $-16.97M |
| Income Before Tax Ratio | 2.27% | -2.30% | 14.17% | 14.03% | 4.85% | 6.46% | 8.08% | -9.72% |
| Income Tax Expense | $1.99M | $-2.12M | $14.02M | $11.66M | $1.65M | $4.16M | $-3.23M | $1.45M |
| Net Income | $5.85M | $-5.56M | $43.86M | $36.12M | $8.09M | $15.50M | $8.85M | $-31.92M |
| Net Income Ratio | 1.70% | -1.66% | 10.74% | 10.61% | 3.87% | 5.09% | 3.05% | -18.27% |
| EPS | $0.00 | $-0.15 | $0.85 | $0.84 | $7.85 | $0.04 | $239.21 | $-638.46 |
| EPS Diluted | $0.00 | $-0.15 | $0.83 | $0.76 | $7.39 | $0.04 | $239.21 | $-638.46 |
| Weighted Average Shares Outstanding | 53.11B | 51.29B | 51.57B | 43.19B | 1.03B | 22.28B | 37.01M | 50.00M |
| Weighted Average Shares Outstanding Diluted | 53.36B | 51.46B | 53.15B | 47.31B | 1.10B | 22.28B | 37.01M | 50.00M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 |
|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $4.70M | $5.87M | $147.19M | $130.19M | $29.32M | $17.51M | $41.09K | $2.13M |
| Short Term Investments | $- | $- | $5.75M | $2.72M | $7.56M | $176.63M | $2.05M | $8.63M |
| Cash and Short Term Investments | $4.70M | $5.87M | $147.19M | $130.19M | $29.32M | $17.51M | $41.09K | $10.76M |
| Net Receivables | $36.64M | $32.87M | $28.27M | $42.57M | $50.22M | $51.87M | $27.82M | $22.79M |
| Inventory | $- | $177.77M | $117.49M | $81.76M | $85.19M | $57.92M | $55.64M | $56.72M |
| Other Current Assets | $244.69M | $48.26M | $40.61M | $17.01M | $12.88M | $- | $- | $10.38M |
| Total Current Assets | $284.03M | $264.77M | $333.56M | $271.53M | $178.96M | $141.79M | $41.09K | $100.65M |
| Property Plant Equipment Net | $69.44M | $81.69M | $75.55M | $80.71M | $94.68M | $119.36M | $113.53M | $200.16M |
| Goodwill | $19.86M | $19.86M | $19.86M | $19.86M | $19.86M | $13.86M | $442.29K | $379.29K |
| Intangible Assets | $20.53M | $21.99M | $24.11M | $26.24M | $28.36M | $20.38M | $10.85M | $2.51M |
| Goodwill and Intangible Assets | $40.39M | $41.85M | $43.97M | $46.10M | $48.22M | $34.23M | $11.29M | $2.89M |
| Long Term Investments | $- | $- | $- | $1.60M | $6.09M | $6.81M | $- | $- |
| Tax Assets | $10.17M | $12.20M | $11.29M | $10.01M | $5.71M | $4.75M | $- | $- |
| Other Non-Current Assets | $200.70M | $153.43M | $67.21M | $77.53M | $55.46M | $37.04M | $-124.44M | $52.61M |
| Total Non-Current Assets | $320.69M | $289.16M | $198.02M | $215.96M | $210.17M | $202.20M | $376.41K | $255.65M |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $604.72M | $553.94M | $531.58M | $487.49M | $389.13M | $343.98M | $417.50K | $356.30M |
| Account Payables | $34.18M | $29.90M | $21.13M | $19.97M | $16.36M | $17.03M | $12.67M | $12.64M |
| Short Term Debt | $9.32M | $5.87M | $8.85M | $- | $- | $3.35M | $150.00K | $82.12M |
| Tax Payables | $120.00K | $105.00K | $142.00K | $3.44M | $1.32M | $134.96K | $- | $- |
| Deferred Revenue | $1.73M | $1.47M | $18.44M | $36.07M | $5.41M | $11.18M | $-12.67M | $- |
| Other Current Liabilities | $29.61M | $8.37M | $21.36M | $44.50M | $13.99M | $9.49M | $-12.43M | $15.60M |
| Total Current Liabilities | $74.97M | $45.71M | $52.84M | $67.91M | $31.68M | $41.19M | $392.95K | $110.36M |
| Long Term Debt | $31.77M | $60.66M | $28.28M | $- | $- | $- | $3.22M | $8.42M |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $1.11M | $- | $- | $- | $- |
| Other Non-Current Liabilities | $42.36M | $2.55M | $5.48M | $9.59M | $6.00M | $8.81M | $7.00M | $7.74M |
| Total Non-Current Liabilities | $74.13M | $63.21M | $33.76M | $10.70M | $4.81M | $8.81M | $10.21M | $16.16M |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $-10.21M | $- |
| Total Liabilities | $149.10M | $108.92M | $86.60M | $78.61M | $36.49M | $50.00M | $392.95K | $126.52M |
| Preferred Stock | $- | $- | $- | $- | $0 | $- | $2.00K | $2.00K |
| Common Stock | $5.00K | $5.00K | $5.00K | $5.00K | $4.11K | $529 | $431 | $500 |
| Retained Earnings | $139.12M | $133.27M | $138.83M | $94.97M | $59.25M | $50.76M | $-451 | $25.70M |
| Accumulated Other Comprehensive Income Loss | $- | $0 | $- | $0 | $-0 | $0 | $-0 | $0 |
| Other Total Stockholders Equity | $316.49M | $311.74M | $306.14M | $313.90M | $292.59M | $243.22M | $20.57K | $243.22M |
| Total Stockholders Equity | $455.62M | $445.01M | $444.98M | $408.88M | $352.64M | $293.99M | $24.55K | $268.92M |
| Total Equity | $455.62M | $445.01M | $444.98M | $408.88M | $352.64M | $293.99M | $24.55K | $229.78M |
| Total Liabilities and Stockholders Equity | $604.72M | $553.94M | $531.58M | $487.49M | $389.13M | $343.98M | $417.50K | $356.30M |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $-39.13M |
| Total Liabilities and Total Equity | $604.72M | $553.94M | $531.58M | $487.49M | $389.13M | $343.98M | $417.50K | $356.30M |
| Total Investments | $- | $13.15M | $5.75M | $1.60M | $6.09M | $6.81M | $2.05M | $8.63M |
| Total Debt | $36.73M | $66.53M | $32.71M | $- | $- | $3.35M | $150.00K | $90.54M |
| Net Debt | $32.04M | $60.66M | $-114.48M | $-130.19M | $-29.32M | $-14.15M | $108.91K | $88.41M |
Cash Flow Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 |
|---|---|---|---|---|---|---|---|---|
| Net Income | $5.85M | $-5.56M | $43.86M | $36.12M | $8.48M | $15.50M | $26.73M | $-10.85M |
| Depreciation and Amortization | $16.41M | $10.82M | $11.86M | $13.00M | $24.22M | $30.08M | $29.83M | $30.86M |
| Deferred Income Tax | $2.03M | $-916.00K | $-2.39M | $-3.19M | $21.61K | $2.46M | $-7.82M | $- |
| Stock Based Compensation | $4.35M | $12.05M | $16.50M | $12.72M | $1.04M | $- | $- | $- |
| Change in Working Capital | $-19.39M | $-190.18M | $-72.06M | $4.42M | $-63.64M | $-9.00M | $7.79M | $35.41M |
| Accounts Receivables | $-3.60M | $-4.59M | $-1.03M | $3.87M | $-2.59M | $-21.54M | $-8.94M | $-4.86M |
| Inventory | $3.69M | $-168.63M | $-37.64M | $-35.67M | $-55.28M | $3.42M | $7.72M | $30.29M |
| Accounts Payables | $4.29M | $8.77M | $1.16M | $3.60M | $-800.94K | $3.77M | $1.22M | $- |
| Other Working Capital | $-23.77M | $-25.72M | $-34.56M | $32.62M | $-4.98M | $5.34M | $7.78M | $9.99M |
| Other Non Cash Items | $1.93M | $-363.00K | $2.12M | $16.01M | $17.64M | $802.00K | $1.02M | $-2.11M |
| Net Cash Provided by Operating Activities | $11.18M | $-174.15M | $-113.00K | $79.08M | $-12.23M | $63.51M | $54.65M | $53.31M |
| Investments in Property Plant and Equipment | $-14.05M | $-11.36M | $-15.60M | $-3.89M | $-7.27M | $-38.13M | $-8.82M | $-19.52M |
| Acquisitions Net | $- | $- | $52.77M | $17.09M | $-16.98M | $-26.08M | $-22.28M | $- |
| Purchases of Investments | $- | $- | $- | $- | $- | $-174.22M | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- | $764.27K | $- | $- |
| Other Investing Activities | $-2.08M | $14.45M | $4.20M | $17.09M | $3.10M | $175.58M | $75.30M | $85.90K |
| Net Cash Used for Investing Activities | $-16.13M | $3.09M | $41.37M | $13.20M | $-21.14M | $-62.09M | $44.19M | $-19.43M |
| Debt Repayment | $3.49M | $37.56M | $- | $- | $-3.42M | $-5.51M | $-82.10M | $-34.29M |
| Common Stock Issued | $531.00K | $566.00K | $538.00K | $9.28M | $- | $175.79M | $- | $- |
| Common Stock Repurchased | $- | $-7.02M | $-22.20M | $-694.00K | $- | $- | $- | $- |
| Dividends Paid | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Financing Activities | $281.00K | $-7.82M | $-2.05M | $8.59M | $48.61M | $- | $-2.91M | $-198.00K |
| Net Cash Used Provided by Financing Activities | $3.77M | $29.74M | $-24.26M | $8.59M | $45.18M | $-5.51M | $-85.01M | $-34.49M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $-1.18M | $-141.31M | $17.00M | $100.87M | $11.81M | $-4.10M | $13.83M | $-614.48K |
| Cash at End of Period | $4.70M | $5.87M | $147.19M | $130.19M | $29.32M | $17.50M | $21.60M | $7.77M |
| Cash at Beginning of Period | $5.87M | $147.19M | $130.19M | $29.32M | $17.51M | $21.60M | $7.77M | $8.39M |
| Operating Cash Flow | $11.18M | $-174.15M | $-113.00K | $79.08M | $-12.23M | $63.51M | $54.65M | $53.31M |
| Capital Expenditure | $-14.05M | $-11.36M | $-15.60M | $-3.89M | $-7.27M | $-38.13M | $-8.82M | $-19.52M |
| Free Cash Flow | $-2.87M | $-185.51M | $-15.71M | $75.19M | $-19.50M | $25.38M | $45.83M | $33.79M |