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Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Air Lease's Net Income for the three months ended in Jun. 2024 was $103 Mil. Its Net Income for the trailing twelve months (TTM) ended in Jun. 2024 was $564 Mil.
Net Income is linked to the most popular Earnings per Share (Diluted) number. Air Lease's Earnings per Share (Diluted) for the three months ended in Jun. 2024 was $0.81.
The historical data trend for Air Lease's Net Income can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Air Lease Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Net Income | Get a 7-Day Free Trial | 587.12 | 516.26 | 436.63 | -97.02 | 614.62 |
Air Lease Quarterly Data | ||||||||||||||||||||
Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
Net Income | Get a 7-Day Free Trial | 132.40 | 132.45 | 221.05 | 107.87 | 102.95 |
Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.
Net Income
= Revenue
- Cost of Goods Sold
- Selling, General, & Admin. Expense
- Research & Development
- Depreciation, Depletion and Amortization
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= EBITDA
- Depreciation, Depletion and Amortization
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= Operating Income
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others
Air Lease's Net Income for the fiscal year that ended in Dec. 2023 is calculated as
Net Income | (A: Dec. 2023 ) | ||||||
= | Pre-Tax Income | + | Tax Provision | + | Net Income (Discontinued Operations) | + | Others |
= | 753.634 | + | -139.012 | + | 0 | + | -1.1368683772162E-13 |
= | 615 |
Air Lease's Net Income for the quarter that ended in Jun. 2024 is calculated as
Net Income | (Q: Jun. 2024 ) | ||||||
= | Pre-Tax Income | + | Tax Provision | + | Net Income (Discontinued Operations) | + | Others |
= | 127.741 | + | -24.795 | + | 0 | + | 0 |
= | 103 |
Net Income for the trailing twelve months (TTM) ended in Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $564 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Air Lease (NYSE:AL) Net Income Explanation
Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:
Air Lease's Earnings per Share (Diluted) (EPS) for the quarter that ended in Jun. 2024 is calculated as
Earnings per Share (Diluted) (Q: Jun. 2024 ) | = | (Net Income | - | Preferred Dividends) | / | Shares Outstanding (Diluted Average) |
= | (102.946 | - | 12.508) | / | 111.741 | |
= | 0.81 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
EPS is most useful for companies that have:
A predictable businessThe dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.
Be Aware
Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.
Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.
If net earnings is less than 10%, likely to be in a highly competitive business.
Thank you for viewing the detailed overview of Air Lease's Net Income provided by GuruFocus.com. Please click on the following links to see related term pages.
Gregory B Willis | officer: SVP FINANCE AND CFO | C/O AIR LEASE CORPORATION, 2000 AVENUE OF THE STARS, SUITE 600N, LOS ANGELES CA 90067 |
Alex A Khatibi | officer: EVP | C/O AIR LEASE CORPORATION, 2000 AVENUE OF THE STARS, SUITE 1000N, LOS ANGELES CA 90067 |
Grant A Levy | officer: EVP, GENL. COUNSEL & SECRETARY | C/O AIR LEASE CORPORATION, 2000 AVENUE OF THE STARS, SUITE 1000N, LOS ANGELES CA 90067 |
Kishore Korde | officer: EVP, Marketing | 2000 AVENUE OF THE STARS, SUITE 1000N, LOS ANGELES CA 90067 |
John L Plueger | director, officer: PRESIDENT AND COO | C/O AIR LEASE CORPORATION, 2000 AVENUE OF THE STARS, SUITE 1000N, LOS ANGELES CA 90067 |
Carol Hyland Forsyte | officer: EVP, GC, Corp Secretary & CCO | C/O AIR LEASE CORPORATION, 2000 AVENUE OF THE STARS, SUITE 1000N, LOS ANGELES CA 90067 |
Yvette Hollingsworth Clark | director | C/O 2000 AVENUE OF THE STARS, SUITE 1000N, LOS ANGELES CA 90067 |
Steven F Udvar-hazy | director, officer: Chairman and CEO | C/O AIR LEASE CORPORATION, 2000 AVENUE OF THE STARS, SUITE 1000N, LOS ANGELES CA 90067 |
Jie Chen | officer: EVP & MANAGING DIRECTOR, ASIA | C/O AIR LEASE CORPORATION, 2000 AVENUE OF THE STARS, SUITE 1000N, LOS ANGELES CA 90067 |
Marshall O Larsen | director | 870 WINTER STREET, WALTHAM MA 02451 |
Cheryl Gordon Krongard | director | LEGG MASON, INC., 100 INTERNATIONAL DRIVE, BALTIMORE MD 21202 |
Susan Mccaw | director | LIONSGATE, 2700 COLORADO AVENUE, SANTA MONICA CA 90404 |
Marc H Baer | other: EVP | C/O AIR LEASE CORPORATION, 2000 AVENUE OF THE STARS, SUITE 1000N, LOS ANGELES CA 90067 |
John D Poerschke | officer: SVP | C/O AIR LEASE CORPORATION, 2000 AVENUE OF THE STARS, SUITE 1000N, LOS ANGELES CA 90067 |
Ian M Saines | director | C/O AIR LEASE CORPORATION, 2000 AVENUE OF THE STARS, SUITE 1000N, LOS ANGELES CA 90067 |
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