Attached files
| file | filename |
|---|---|
| EX-10.3 - EX-10.3 - AIR LEASE CORP | a15-7798_1ex10d3.htm |
| EX-31.1 - EX-31.1 - AIR LEASE CORP | a15-7798_1ex31d1.htm |
| EX-10.1 - EX-10.1 - AIR LEASE CORP | a15-7798_1ex10d1.htm |
| EX-10.2 - EX-10.2 - AIR LEASE CORP | a15-7798_1ex10d2.htm |
| EX-32.1 - EX-32.1 - AIR LEASE CORP | a15-7798_1ex32d1.htm |
| EX-32.2 - EX-32.2 - AIR LEASE CORP | a15-7798_1ex32d2.htm |
| EX-10.4 - EX-10.4 - AIR LEASE CORP | a15-7798_1ex10d4.htm |
| EX-31.2 - EX-31.2 - AIR LEASE CORP | a15-7798_1ex31d2.htm |
| EXCEL - IDEA: XBRL DOCUMENT - AIR LEASE CORP | Financial_Report.xls |
| 10-Q - 10-Q - AIR LEASE CORP | a15-7798_110q.htm |
EXHIBIT 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
|
|
|
Three Months Ended |
| ||||
|
(In thousands, except ratios) |
|
2015 |
|
2014 |
| ||
|
|
|
(unaudited) |
| ||||
|
Earnings: |
|
|
|
|
| ||
|
Net income |
|
$ |
19,332 |
|
$ |
61,397 |
|
|
Add: |
|
|
|
|
| ||
|
Provision for income taxes |
|
10,642 |
|
33,312 |
| ||
|
Fixed charges |
|
73,943 |
|
61,393 |
| ||
|
Less: |
|
|
|
|
| ||
|
Capitalized interest |
|
(10,704 |
) |
(10,391 |
) | ||
|
Earnings as adjusted (A) |
|
$ |
93,213 |
|
$ |
145,711 |
|
|
Fixed charges: |
|
|
|
|
| ||
|
Interest expense |
|
$ |
63,085 |
|
$ |
50,848 |
|
|
Capitalized interest |
|
10,704 |
|
10,391 |
| ||
|
Interest factors of rents (1) |
|
154 |
|
154 |
| ||
|
Fixed charges as adjusted (B) |
|
$ |
73,943 |
|
$ |
61,393 |
|
|
Ratio of earnings to fixed charges ((A) divided by (B)) |
|
1.26 |
|
2.37 |
| ||
(1) Estimated to be 1/3 of rent expense.