AerCap Holdings N.V. (AER) quarterly cash flow statement — complete operating, investing & financing history
AerCap Holdings N.V. (AER) cash flow statement — 24-year operating, investing & financing cash flows
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Cash from Operations | 1.45B | 1.43B | 1.2B | 1.6B | 1.33B | 1.34B | 1.28B | 1.37B | 1.41B | 1.38B | 1.4B | 1.31B | 1.19B | 1.36B | 1.55B | 1.11B | 1.17B | 1.34B | 1.73B | 787.81M |
| Operating CF Margin % | 69.74% | 66.19% | 55.27% | 84.25% | 70.57% | 64.28% | 61.98% | 70.21% | 71.95% | 68.17% | 73.72% | 69% | 62% | 73.08% | 86.19% | 65.62% | 71.84% | 74.67% | 120.27% | 77.85% |
| Operating CF Growth % | 8.81% | 7.24% | -6.79% | 16.63% | -5.5% | -2.95% | -8.24% | 4.79% | 18.07% | 0.9% | -9.74% | 17.38% | 1.82% | 2.01% | -10.6% | 41.14% | 51.97% | 233.85% | 165.81% | 45.61% |
| Net Income | 725.72M | 818.12M | 632.81M | 1.22B | 1.26B | 642.86M | 671.22M | 375.03M | 448.17M | 604.21M | 1.11B | 1.11B | 496.87M | 435.28M | 497.61M | 441.35M | 340.56M | -2B | 90.5M | 441.03M |
| Depreciation & Amortization | 641.74M | 639.02M | 653.02M | 665.48M | 668.93M | 659.74M | 657.15M | 652.99M | 636.42M | 633.48M | 631.45M | 623.01M | 615.6M | 610.52M | 593.72M | 580.93M | 580.74M | 634.41M | 555.84M | 393.37M |
| Stock-Based Compensation | 0 | 0 | 0 | 30.27M | 72.96M | 27.26M | 29.42M | 24.05M | 32.29M | 25.38M | 26.98M | 21.41M | 21.81M | 26.86M | 23.62M | 24.85M | 26.88M | 27.5M | 32.13M | 21.97M |
| Deferred Taxes | 104.7M | 120.63M | 33.57M | 206.56M | 169.51M | 97.23M | 65.92M | 35.81M | 72.02M | 76.16M | 18.01M | 113.76M | 83.83M | 61.25M | 150.14M | 66.09M | 51.85M | -277.67M | -149.13M | 60.83M |
| Other Non-Cash Items | 24.72M | -89.27M | -163.76M | -753.89M | -912.9M | -97.17M | -212.12M | 243.36M | 146.49M | -28.79M | -466.47M | -595.14M | 25.66M | 148.38M | 512.8M | 101.5M | 180.77M | 3B | 157.67M | 133.06M |
| Working Capital Changes | -48.17M | -56.77M | 41.54M | 231.08M | 73.7M | 5.12M | 72.76M | 36.54M | 73.46M | 65.23M | 83.79M | 33.2M | -50.57M | 81.11M | -227.32M | -102.78M | -8.92M | -50.47M | 1.05B | -262.44M |
| Change in Receivables | -22.79M | -8.24M | 10.04M | -4.17M | 3.92M | 9.83M | -3.38M | -15.07M | 2.82M | 21.39M | 13.71M | -23.34M | 93.47M | -27.99M | 3M | -8.16M | 4.74M | 39.59M | 144.26M | 66.46M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -135.14M | 78.5M | 0 | 0 | 119.36M | 47.11M | 0 | -130.33M | 0 |
| Change in Payables | -57.38M | -12.47M | -11.22M | 20.88M | 0 | -41.54M | 24.49M | 27.45M | -78.48M | 28.06M | 62.54M | 135.14M | -78.5M | 100.42M | -542.02M | -119.36M | -47.11M | -100.84M | 130.33M | 0 |
| Cash from Investing | -239.37M | -183.24M | -934M | 566.5M | 706.17M | -2.01B | -659.2M | -1.37B | -850.66M | -841.75M | -628.59M | -303.09M | -973.21M | -1.28B | -453.63M | -844.19M | -216.13M | -646.55M | -23.04B | -187.31M |
| Capital Expenditures | -1.31B | -1.5B | -2.09B | -1.09B | -470.08M | -2.5B | -1.63B | -1.73B | -1.61B | -1.63B | -1.52B | -1.57B | -1.34B | -1.74B | -944.72M | -1.18B | -684.96M | -1.06B | -975.76M | -312.9M |
| CapEx % of Revenue | 63.04% | 69.42% | 96.4% | 57.59% | 24.91% | 120.4% | 78.55% | 88.99% | 82.24% | 80.84% | 79.85% | 83.14% | 69.57% | 93.3% | 52.51% | 69.82% | 41.99% | 59.15% | 67.66% | 30.92% |
| Acquisitions | 1.08B | 1.31B | 930.52M | 1.12B | 0 | 520.28M | 0 | 0 | 753.01M | 768.37M | 543.15M | 615.61M | 481.25M | 470.32M | 502M | 309.71M | 370.83M | 405.11M | -22.49B | 119.14M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -8.14M | 10.32M | 223.76M | 534.96M | 1.18B | -24.63M | 968.62M | 361.11M | 6.67M | 21.37M | 344.29M | 654.09M | -115.75M | -7.66M | -10.91M | 29.22M | 97.99M | 7.13M | 430.67M | 6.46M |
| Cash from Financing | -994.5M | -1.15B | -716.79M | -3.13B | -460.61M | 534.53M | -3.17B | 2.34B | -431.57M | -872.66M | -1.55B | 289.03M | -166.46M | -579.73M | -600.33M | -403.68M | -897.76M | -1.26B | 21.68B | -660.4M |
| Debt Issued (Net) | -280.56M | -519.67M | -476.45M | -2.1B | -80.64M | 899.81M | -3.07B | 2.69B | -45.23M | -737.77M | -1.03B | 1.26B | -12.65M | -249.99M | -837.25M | -596.59M | -1B | -1.33B | 21.71B | -566.89M |
| Equity Issued (Net) | 0 | -744.21M | 0 | -967.61M | -541.91M | -562.31M | -299.87M | -497.48M | -375.04M | -347.94M | -671.2M | -1.18B | -288.98M | -501.03M | -1.58M | -7.7M | -4.62M | -3.52M | -8.77M | -50.95M |
| Dividends Paid | -61.38M | -64.9M | -50.15M | -49.26M | -89.77M | -5.59M | -50.19M | -48M | -41.64M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | -744.21M | 0 | -967.61M | -541.91M | -562.31M | -299.87M | -497.48M | -375.04M | -347.94M | -671.2M | -1.18B | -288.98M | -501.03M | -1.58M | -7.7M | -4.62M | -3.52M | -8.77M | -50.95M |
| Other Financing | -652.56M | 182.18M | -190.19M | -12.53M | 251.7M | 202.62M | 243.57M | 199.27M | 30.33M | 213.04M | 144M | 209.49M | 135.17M | 171.29M | 238.5M | 200.61M | 108.07M | 71.5M | -22.42M | -42.56M |
| Net Change in Cash | 217.1M | 102.58M | -432.71M | -933.7M | 1.58B | -132.29M | -2.55B | 2.34B | 126.74M | -339.97M | -781.2M | 1.29B | 53.32M | -493.1M | 500.05M | -145.73M | 56.22M | -568.52M | 380.25M | -58.86M |
| Free Cash Flow | 139.12M | -69.91M | -891.09M | 504.78M | 861.33M | -1.17B | -343.48M | -365.91M | -214.51M | -255.81M | -180.56M | -267.54M | -145.52M | -377.33M | 605.86M | -71.18M | 486.94M | 277.77M | 758.75M | 474.91M |
| FCF Margin % | 6.7% | -3.23% | -41.14% | 26.66% | 45.65% | -56.13% | -16.58% | -18.78% | -10.95% | -12.68% | -9.51% | -14.14% | -7.56% | -20.22% | 33.68% | -4.2% | 29.85% | 15.52% | 52.61% | 46.93% |
| FCF Growth % | -83.85% | 94% | -159.43% | 237.95% | 501.54% | -355.72% | -90.23% | -36.77% | -47.41% | 32.2% | -129.8% | -275.88% | -129.88% | -235.84% | -20.15% | -114.99% | 34.91% | -10.23% | 123.3% | -14.23% |
| FCF per Share | 0.88 | -0.42 | -5.34 | 2.90 | 4.85 | -6.11 | -1.80 | -1.91 | -1.09 | -1.28 | -0.88 | -1.18 | -0.62 | -1.56 | 2.49 | -0.29 | 2.01 | 1.16 | 3.73 | 3.67 |
| FCF Conversion (FCF/Net Income) | 2.00x | 1.75x | 1.89x | 1.31x | 1.06x | 2.08x | 1.91x | 3.65x | 3.14x | 2.28x | 1.27x | 1.18x | 2.42x | 3.16x | 3.13x | 2.53x | 3.45x | -0.67x | 19.53x | 1.82x |
| Interest Paid | 0 | 0 | 0 | 474.55M | 483.63M | 485.29M | 506.55M | 431M | 477.5M | 391.16M | 476.4M | 352.21M | 435.62M | 386.08M | 0 | 388.07M | 0 | 0 | 184.05M | 0 |
| Taxes Paid | 0 | 0 | 0 | 5.66M | 6.02M | 7.27M | 5.5M | 14.27M | 7.63M | 6.63M | 16.05M | 515K | 2.57M | 4.09M | 0 | 592K | 0 | 0 | 2.74M | 0 |