Attached files
| file | filename |
|---|---|
| EX-32.2 - EX-32.2 - AIR LEASE CORP | al-20180630ex322a40b6c.htm |
| EX-32.1 - EX-32.1 - AIR LEASE CORP | al-20180630ex321c54091.htm |
| EX-31.2 - EX-31.2 - AIR LEASE CORP | al-20180630ex3124fa99d.htm |
| EX-31.1 - EX-31.1 - AIR LEASE CORP | al-20180630ex311fcf934.htm |
| EX-10.4 - EX-10.4 - AIR LEASE CORP | al-20180630ex104a299a9.htm |
| EX-10.3 - EX-10.3 - AIR LEASE CORP | al-20180630ex10363f16f.htm |
| EX-10.2 - EX-10.2 - AIR LEASE CORP | al-20180630ex102dc1124.htm |
| 10-Q - 10-Q - AIR LEASE CORP | al-20180630x10q.htm |
EXHIBIT 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
|
|
|
Six Months Ended |
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||||
|
(In thousands, except ratios) |
|
2018 |
|
2017 |
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||
|
|
|
(unaudited) |
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Earnings: |
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|
|
|
|
|
|
|
Net income |
|
$ |
225,862 |
|
$ |
185,862 |
|
|
Add: |
|
|
|
|
|
|
|
|
Provision for income taxes |
|
|
62,866 |
|
|
103,885 |
|
|
Fixed charges |
|
|
184,497 |
|
|
167,815 |
|
|
Less: |
|
|
|
|
|
|
|
|
Capitalized interest |
|
|
(25,692) |
|
|
(21,931) |
|
|
Earnings as adjusted (A) |
|
$ |
447,533 |
|
$ |
435,631 |
|
|
Fixed charges: |
|
|
|
|
|
|
|
|
Interest expense |
|
$ |
158,427 |
|
$ |
145,506 |
|
|
Capitalized interest |
|
|
25,692 |
|
|
21,931 |
|
|
Interest factors of rents (1) |
|
|
378 |
|
|
378 |
|
|
Fixed charges as adjusted (B) |
|
$ |
184,497 |
|
$ |
167,815 |
|
|
Ratio of earnings to fixed charges ((A) divided by (B)) |
|
|
2.43 |
|
|
2.60 |
|
(1)Estimated to be 1/3 of rent expense.