Attached files
| file | filename |
|---|---|
| EX-32.2 - EX-32.2 - AIR LEASE CORP | al-20160331ex32232730a.htm |
| EX-31.2 - EX-31.2 - AIR LEASE CORP | al-20160331ex3123cd083.htm |
| 10-Q - 10-Q - AIR LEASE CORP | al-20160331x10q.htm |
| EX-10.1 - EX-10.1 - AIR LEASE CORP | al-20160331ex101c71085.htm |
| EX-32.1 - EX-32.1 - AIR LEASE CORP | al-20160331ex321977025.htm |
| EX-31.1 - EX-31.1 - AIR LEASE CORP | al-20160331ex311a733b9.htm |
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
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Three Months Ended |
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(In thousands, except ratios) |
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2016 |
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2015 |
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(unaudited) |
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Earnings: |
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|
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Net income |
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$ 92,858
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$ 19,332
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Add: |
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|
|
|
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Provision for income taxes |
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51,133 |
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10,642 |
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Fixed charges |
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77,750 |
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73,943 |
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Less: |
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|
|
|
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Capitalized interest |
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(9,470) |
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(10,704) |
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Earnings as adjusted (A) |
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$ 212,271
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$ 93,213
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Fixed charges: |
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|
|
|
|
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Interest expense |
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$ 68,121
|
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$ 63,085
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Capitalized interest |
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9,470 |
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10,704 |
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Interest factors of rents (1) |
|
159 |
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154 |
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Fixed charges as adjusted (B) |
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$ 77,750
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$ 73,943
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|
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Ratio of earnings to fixed charges ((A) divided by (B)) |
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2.73 |
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1.26 |
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(1) |
Estimated to be 1/3 of rent expense. |