Attached files
| file | filename |
|---|---|
| EX-32.2 - EX-32.2 - AIR LEASE CORP | al-20150930ex32260b1e2.htm |
| EX-10.1 - EX-10.1 - AIR LEASE CORP | al-20150930ex101965598.htm |
| EX-32.1 - EX-32.1 - AIR LEASE CORP | al-20150930ex321b56a1a.htm |
| EX-31.1 - EX-31.1 - AIR LEASE CORP | al-20150930ex3119c816f.htm |
| EX-31.2 - EX-31.2 - AIR LEASE CORP | al-20150930ex3128be578.htm |
| 10-Q - 10-Q - AIR LEASE CORP | al-20150930x10q.htm |
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
|
|
|
Nine Months Ended |
|
||
|
(In thousands, except ratios) |
|
2015 |
|
2014 |
|
|
|
|
(unaudited) |
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||
|
Earnings: |
|
|
|
|
|
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Net income |
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$ 172,492
|
|
$ 185,867
|
|
|
Add: |
|
|
|
|
|
|
Provision for income taxes |
|
95,233 |
|
100,799 |
|
|
Fixed charges |
|
227,397 |
|
193,546 |
|
|
Less: |
|
|
|
|
|
|
Capitalized interest |
|
(30,499) |
|
(31,907) |
|
|
Earnings as adjusted (A) |
|
$ 464,623
|
|
$ 448,305
|
|
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Fixed charges: |
|
|
|
|
|
|
Interest expense |
|
$ 196,436
|
|
$ 161,177
|
|
|
Capitalized interest |
|
30,499 |
|
31,907 |
|
|
Interest factors of rents (1) |
|
462 |
|
462 |
|
|
Fixed charges as adjusted (B) |
|
$ 227,397
|
|
$ 193,546
|
|
|
Ratio of earnings to fixed charges ((A) divided by (B)) |
|
2.04 |
|
2.32 |
|
|
(1) |
Estimated to be 1/3 of rent expense. |