Attached files
| file | filename |
|---|---|
| EX-32.1 - EX-32.1 - AIR LEASE CORP | a12-9140_1ex32d1.htm |
| EX-31.1 - EX-31.1 - AIR LEASE CORP | a12-9140_1ex31d1.htm |
| EX-31.2 - EX-31.2 - AIR LEASE CORP | a12-9140_1ex31d2.htm |
| EX-32.2 - EX-32.2 - AIR LEASE CORP | a12-9140_1ex32d2.htm |
| EXCEL - IDEA: XBRL DOCUMENT - AIR LEASE CORP | Financial_Report.xls |
| 10-Q - 10-Q - AIR LEASE CORP | a12-9140_110q.htm |
EXHIBIT 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
|
|
|
Three Months Ended |
| ||||
|
(In thousands, except ratios) |
|
2012 |
|
2011 |
| ||
|
|
|
(unaudited) |
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|
Earnings: |
|
|
|
|
| ||
|
Net income |
|
$ |
26,927 |
|
$ |
3,176 |
|
|
Add: |
|
|
|
|
| ||
|
Provision for income taxes |
|
14,683 |
|
1,748 |
| ||
|
Fixed charges |
|
28,926 |
|
13,345 |
| ||
|
Less: |
|
|
|
|
| ||
|
Capitalized interest |
|
(3,949 |
) |
(1,845 |
) | ||
|
Earnings as adjusted (A) |
|
$ |
66,587 |
|
$ |
16,424 |
|
|
Fixed charges: |
|
|
|
|
| ||
|
Interest expense |
|
$ |
24,781 |
|
$ |
11,388 |
|
|
Capitalized interest |
|
3,949 |
|
1,845 |
| ||
|
Interest factors of rents (1) |
|
196 |
|
112 |
| ||
|
Fixed charges as adjusted (B) |
|
$ |
28,926 |
|
$ |
13,345 |
|
|
Ratio of earnings to fixed charges ((A) divided by (B)) |
|
2.30 |
|
1.23 |
| ||
(1) Estimated to be 1/3 of rent expense.