AerSale Corp
For the period ended Mar 31, 2024. Filed May 9, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 9, 2024
ASLE$5.18+2.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows (Unaudited)
Condensed Consolidated Statements of Cash Flows
(in thousands)
| | | | | | | | |
|---|---|---|---|---|---|---|---|
| | Three Months Ended March 31, | ||||||
| · · 2024 · 2023 · | |||||||
| Cash flows from operating activities: | | | | | | | |
| Net income | | $6,277 | | $5 | | ||
| Adjustments to reconcile net income to net cash used in operating activities: | | | | | | | |
| Depreciation and amortization | | 2,779 | | 2,469 | | ||
| Amortization of debt issuance costs | | 82 | | 39 | | ||
| Amortization of operating lease assets | | | 40 | | 101 | | |
| Inventory reserve | | 504 | | 773 | | ||
| Deferred income taxes | | (703) | | 72 | | ||
| Change in fair value of warrant liability | | | (1,979) | | | 334 | |
| Share-based compensation | | | 799 | | | 2,731 | |
| Changes in operating assets and liabilities: | | | | | |||
| Accounts receivable | | 1,182 | | (7,996) | | ||
| Inventory | | (23,961) | | (48,983) | | ||
| Deposits, prepaid expenses, and other current assets | | (332) | | (2,966) | | ||
| Deferred customer incentives and other assets | | - | | 68 | | ||
| Advance vendor payments | | (1,803) | | (12,476) | | ||
| Accounts payable | | (3,619) | | 14,018 | | ||
| Accrued expenses | | 914 | | (3,396) | | ||
| Deferred revenue | | (989) | | 1,343 | | ||
| Lessee and customer purchase deposits | | (662) | | (7,985) | | ||
| Other liabilities | | (2) | | (593) | | ||
| Net cash used in operating activities | | (21,473) | | (62,442) | | ||
| Cash flows from investing activities: | | | | ||||
| Proceeds from sale of assets | | 3,800 | | 4,500 | | ||
| Purchase of property and equipment | | (3,574) | | (1,481) | | ||
| Net cash provided by investing activities | | 226 | | 3,019 | | ||
| Cash flows from financing activities: | | | | ||||
| Repayments of long-term debt | | (4,000) | | - | | ||
| Proceeds from revolving credit facility | | 61,600 | | - | | ||
| Repayments of revolving credit facility | | (39,481) | | - | | ||
| Taxes paid related to net share settlement of equity awards | | | (108) | | | (70) | |
| Net cash provided by (used in) financing activities | | 18,011 | | (70) | | ||
| | | | | | | | |
| Decrease in cash and cash equivalents | | (3,236) | | (59,493) | | ||
| Cash and cash equivalents, beginning of period | | 5,873 | | 147,188 | | ||
| Cash and cash equivalents, end of period | | $2,637 | | $87,695 | | ||
| | | | | | | | |
| Supplemental disclosure of cash activities | | | | | | ||
| Income tax payments, net | | | 3 | | | (100) | |
| Interest paid | | | 925 | | | 141 | |
| Supplemental disclosure of noncash investing activities | | | | | | | |
| Reclassification of aircraft and aircraft engines inventory to (from) aircraft and engine held for lease, net | | | (2,020) | | | 3,573 | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.