AerCap Holdings Files 20-F/A Amendment

TL;DR

AerCap filed an amendment to its 2023 20-F, check for updated financials.

AI Summary

AerCap Holdings N.V. filed an amendment (20-F/A) on September 13, 2024, for its fiscal year ending December 31, 2023. The filing provides updated financial information and disclosures for the company, which is a global leader in aircraft leasing and related services.

Why It Matters

This amendment provides updated financial reporting and disclosures for AerCap Holdings N.V., crucial for investors and stakeholders to assess the company's financial health and operational status.

Risk Assessment

Risk Level: low — This is a routine amendment to a previous filing, not indicating new or elevated risks.

Key Players & Entities

• AerCap Holdings N.V. (company) — Filer of the 20-F/A amendment
• 2023-12-31 (date) — Fiscal year end for the reported period
• 20240913 (date) — Filing date of the amendment

FAQ

Key Financial Figures

• $750 million — ap, with a global turnover in excess of $750 million. We may become subject to additional ta
• $11.0 billion — l debt. As of December 31, 2023, we had $11.0 billion of undrawn lines of credit available un
• $213 m — sts, debt discounts and debt premium of $213 million, was $46.7 billion as of December
• $46.7 billion — s and debt premium of $213 million, was $46.7 billion as of December 31, 2023 (66% of our tot
• $1.7 billion — ments, net of amounts capitalized, were $1.7 billion for the year ended December 31, 2023. D
• $10.3 b — our outstanding floating rate debt was $10.3 billion, or 22% of the total principal am

Filing Documents

• aer-20231231.htm (20-F/A) — 3342KB
• aercap202320-fxex121.htm (EX-12.1) — 8KB
• aercap202320-fxex122.htm (EX-12.2) — 8KB
• aercap202320-fxex131.htm (EX-13.1) — 6KB
• 0001378789-24-000030.txt ( ) — 16443KB
• aer-20231231.xsd (EX-101.SCH) — 145KB
• aer-20231231_cal.xml (EX-101.CAL) — 159KB
• aer-20231231_def.xml (EX-101.DEF) — 675KB
• aer-20231231_lab.xml (EX-101.LAB) — 1163KB
• aer-20231231_pre.xml (EX-101.PRE) — 943KB
• aer-20231231_htm.xml (XML) — 2574KB

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 92 Item 12.

Description of Securities Other than Equity Securities

Description of Securities Other than Equity Securities 93 Item 13. Defaults, Dividend Arrearages and Delinquencies 94 Item 14. Material Modifications to the Rights of Security Holders and Use of Proceeds 94 Item 15.

Controls and Procedures

Controls and Procedures 94 Item 16A. Audit Committee Financial Expert 94 Item 16B. Code of Ethics 95 Item 16C. Principal Accountant Fees and Services 95 Item 16D. Exemptions from the Listing Standards for Audit Committees 95 Item 16E. Purchases of Equity Securities by the Issuer and Affiliated Purchasers 95 Item 16F. Change in Registrant's Certifying Accountant 95 Item 16G. Corporate Governance 97 Item 16H. Mine Safety Disclosure 97 Item 16I . Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 97 Item 16K . Cybersecurity Risk Management and Governance 97 Item 17.

Financial Statements

Financial Statements 100 Item 18.

Financial Statements

Financial Statements 100 Item 19. Exhibits 100

Signatures

Signatures 105 Index to Consolidated Financial Statements F-1 1 SPECIAL NOTE ABOUT FORWARD LOOKING STATEMENTS This annual report includes "forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, principally under the captions "Item 3. Key Information—Risk Factors," "Item 4. Information on the Company" and "Item 5. Operating and Financial Review and Prospects." We have based these forward looking statements largely on our current beliefs and projections about future events and financial trends affecting our business. Many important factors, in addition to those discussed in this annual report, could cause our actual results to differ substantially from those anticipated in our forward looking statements, including, among other things: the availability of capital to us and to our customers and changes in interest rates; the ability of our lessees and potential lessees to make lease payments to us; our ability to successfully negotiate flight equipment (which includes aircraft, engines and helicopters) purchases, sales and leases, to collect outstanding amounts due and to repossess flight equipment under defaulted leases, and to control costs and expenses; changes in the overall demand for commercial aviation leasing and aviation asset management services; the continued impacts of the Ukraine Conflict, including the resulting sanctions by the United States, the European Union, the United Kingdom and other countries, on our business and results of operations, financial condition and cash flows; the effects of terrorist attacks on the aviation industry and on our operations; the economic condition of the global airline and cargo industry and economic and political conditions; the impact of current hostilities in the Middle East, or any escalation thereof, on the aviation industry or our business; development of increased government regulation, including travel restrictions, sanctions, regulation of trade a

Identity of Directors, Senior Management and Advisers

Item 1. Identity of Directors, Senior Management and Advisers Not applicable.

Offer Statistics and Expected Timetable

Item 2. Offer Statistics and Expected Timetable Not applicable. 3

Key Information

Item 3. Key Information

RISK FACTORS

RISK FACTORS Summary Risk Factors Risks relating to our funding, liquidity and financial structure We require significant capital resources and cash flows to fund our business and service our debt, and changes in the availability of capital, our ability to raise funding or in the interest rates we pay on our debt may affect our operations or financial results. We have a substantial level of indebtedness and we might incur significantly more debt, which could adversely impact our operating flexibility and subject us to covenants that impose restrictions that may affect our ability to operate our business. Risks related to the geopolitical, regulatory, corporate responsibility and legal exposure of our business We are exposed to geopolitical, economic and legal risks associated with the international operations of our business and those of our lessees, including many of the economic and political risks associated with emerging markets. We are exposed to concentrated political and economic risks in certain geographical regions in which our lessees are concentrated, particularly China. Our assets are subject to various environmental regulations and concerns, including those relating to climate change, that may be supplemented by additional regulations and requirements or become more stringent, which may negatively affect our operations. In addition, corporate responsibility, specifically related to environmental, social and governance ("ESG") matters, may impose additional costs and expose us to new risks. Our insurance policies may not adequately cover our risks, the costs of our insurance policies may increase and/or our insurance coverage may be reduced, and we may not be able to recover under insurance policies in a timely manner or at all should we suffer loss. Risks related to disease, natural disasters, terrorist attacks and other world events Global or regional public health developments, extreme weather or natural disasters or other force majeure even

View Full Filing

View this 20-F/A filing on SEC EDGAR