Attached files

file filename
EX-32.2 - EX-32.2 - AIR LEASE CORPal-20170630ex3225b19ae.htm
EX-32.1 - EX-32.1 - AIR LEASE CORPal-20170630ex321469b9b.htm
EX-10.2 - EX-10.2 - AIR LEASE CORPal-20170630ex102114cbb.htm
EX-10.4 - EX-10.4 - AIR LEASE CORPal-20170630ex104d35966.htm
EX-10.10 - EX-10.10 - AIR LEASE CORPal-20170630ex1010a2bd6.htm
EX-31.1 - EX-31.1 - AIR LEASE CORPal-20170630ex311771edb.htm
EX-10.7 - EX-10.7 - AIR LEASE CORPal-20170630ex10759baf3.htm
EX-31.2 - EX-31.2 - AIR LEASE CORPal-20170630ex3121542af.htm
EX-10.6 - EX-10.6 - AIR LEASE CORPal-20170630ex106aedc6b.htm
EX-10.9 - EX-10.9 - AIR LEASE CORPal-20170630ex109529845.htm
EX-10.5 - EX-10.5 - AIR LEASE CORPal-20170630ex1056766f0.htm
EX-10.8 - EX-10.8 - AIR LEASE CORPal-20170630ex108f2ce1a.htm
EX-10.1 - EX-10.1 - AIR LEASE CORPal-20170630ex10103e675.htm
EX-10.3 - EX-10.3 - AIR LEASE CORPal-20170630ex103e1f1b7.htm
10-Q - 10-Q - AIR LEASE CORPal-20170630x10q.htm

 

EXHIBIT 12.1

 

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended
 June  30,

 

(In thousands, except ratios)

 

2017

 

2016

 

 

 

(unaudited)

 

Earnings:

    

 

    

 

 

Net income

 

$

185,862 

 

$

184,661 

 

Add:

 

 

 

 

 

 

 

Provision for income taxes

 

 

103,885 

 

 

101,601 

 

Fixed charges

 

 

167,815 

 

 

158,572 

 

Less:

 

 

 

 

 

 

 

Capitalized interest

 

 

(21,931)

 

 

(19,521)

 

Earnings as adjusted (A)

 

$

435,631 

 

$

425,313 

 

Fixed charges:

 

 

 

 

 

 

 

Interest expense

 

$

145,506 

 

$

138,699 

 

Capitalized interest

 

 

21,931 

 

 

19,521 

 

Interest factors of rents (1)

 

 

378 

 

 

352 

 

Fixed charges as adjusted (B)

 

$

167,815 

 

$

158,572 

 

Ratio of earnings to fixed charges ((A) divided by (B))

 

 

2.60 

 

 

2.68 

 


(1)

Estimated to be 1/3 of rent expense.