AerCap Holdings N.V. Files 6-K for Q1 2024

TL;DR

AerCap filed its Q1 2024 6-K, confirming it files 20-F for annual reports.

AI Summary

AerCap Holdings N.V. filed a Form 6-K on May 1, 2024, reporting its financial information as of March 31, 2024. The filing is a report of a foreign private issuer and indicates that AerCap files its annual reports under Form 20-F.

Why It Matters

This filing provides an update on AerCap's financial status and reporting for the first quarter of 2024, which is crucial for investors to assess the company's performance and compliance.

Risk Assessment

Risk Level: low — This is a routine periodic filing providing financial updates and does not contain significant new risks.

Key Players & Entities

• AerCap Holdings N.V. (company) — Filer of the report
• March 31, 2024 (date) — Reporting period end date
• May 1, 2024 (date) — Filing date
• Form 6-K (document) — Type of SEC filing
• Form 20-F (document) — Annual report form used by the company

FAQ

Key Financial Figures

• $4,327 — (Note 12), net of tax of $(10,673) and $4,327, respectively 67,198 (31,566) Actuari
• $254 — sion obligations, net of tax of nil and $254, respectively — 1,779 Total other com
• $158 m — d for operating leases in the amount of $158 million, net, was reclassified to investm
• $415 million — d for operating leases in the amount of $415 million was reclassified to flight equipment he
• $3 million — maintenance liability in the amount of $3 million was settled with buyers upon sale or di
• $37 m — d for operating leases in the amount of $37 million, net, was reclassified to investm
• $506 million — d for operating leases in the amount of $506 million was reclassified to flight equipment he
• $42 million — maintenance liability in the amount of $42 million was settled with buyers upon sale or di
• $71 billion — owned helicopters, and total assets of $71 billion as of March 31, 2024. Our ordinary shar
• $194 million — d cash Our restricted cash balance was $194 million and $198 million as of March 31, 2024 a
• $198 million — icted cash balance was $194 million and $198 million as of March 31, 2024 and December 31, 2
• $25 million — om investment in finance leases, net of $25 million and $27 million, respectively, included
• $27 m — finance leases, net of $25 million and $27 million, respectively, included in basic
• $459 million — quipment with a total net book value of $459 million met the held for sale criteria and was
• $1 million — eived from the lessees of approximately $1 million will be assumed by the buyers of these

Filing Documents

• aer-03312024x6k.htm (6-K) — 1197KB
• 0001378789-24-000015.txt ( ) — 1198KB

Financial Statements (Unaudited)

Financial Statements (Unaudited) 4 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 37 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 49 PART II . OTHER INFORMATION 51 Item 1.

Legal Proceedings

Legal Proceedings 51 Item 1A.

Risk Factors

Risk Factors 51 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 51 Item 3. Defaults Upon Senior Securities 51 Item 4. Mine Safety Disclosures 51 Item 5 . Other Information 51 Item 6. Exhibits 51 Signature 52 3

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Financial Statements (Unaudited)

Item 1. Financial Statements (Unaudited) Unaudited Condensed Consolidated Balance Sheets as of March 3 1 , 202 4 and December 31, 202 3 5 Unaudited Condensed Consolidated Income Statements for the Three Months E nded Ma rch 3 1 , 2 0 2 4 a n d 2023 6 Unaudited Condensed Consolidated Statements of Comprehensive Income for the Three Months E nded March 3 1 , 202 4 and 202 3 7 Unaudited Condensed Consolidated Statements of Cash Flows for the Three Months E nded March 3 1 , 202 4 and 202 3 8 Unaudited Condensed Consolidated Statements of Equity for the Three Months E nded March 3 1 , 202 4 and 202 3 11 Notes to the Unaudited Condensed Consolidated Financial Statements 12 4 AerCap Holdings N.V. and Subsidiaries Unaudited Condensed Consolidated Balance Sheets As of March 31, 2024 and December 31, 2023 Note March 31, 2024 December 31, 2023 (U.S. Dollars in thousands, except share data) Assets Cash and cash equivalents 4 $ 1,291,962 $ 1,627,181 Restricted cash 4 193,533 198,285 Trade receivables 52,260 73,667 Flight equipment held for operating leases, net 5 56,537,244 57,091,166 Investment in finance leases, net 6 1,314,107 1,254,451 Flight equipment held for sale 7 459,127 296,696 Prepayments on flight equipment 26 4,229,152 3,576,187 Maintenance rights and lease premium, net 8 2,597,363 2,729,962 Other intangibles, net 9 156,197 163,167 Deferred tax assets 16 265,083 275,756 Associated companies 10 1,008,170 971,517 Other assets 11 3,000,827 3,016,524 Total Assets $ 71,105,025 $ 71,274,559 Liabilities and Equity Accounts payable, accrued expenses and other liabilities 13 $ 1,784,991 $ 1,793,058 Accrued maintenance liability 14 2,975,140 2,863,730 Lessee deposit liability 1,063,056 1,018,702 Debt 15 45,723,667 46,483,903 Deferred tax liabilities 16 2,602,365 2,526,120 Commitments and contingencies 26 Total Liabilities 54,149,219 54,685,513 Ordinary share capital, 0.01 par value, 450,000,000 ordinary shares authorized as

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