Attached files
| file | filename |
|---|---|
| EX-31.1 - EX-31.1 - AIR LEASE CORP | a15-12036_1ex31d1.htm |
| EX-32.2 - EX-32.2 - AIR LEASE CORP | a15-12036_1ex32d2.htm |
| EX-32.1 - EX-32.1 - AIR LEASE CORP | a15-12036_1ex32d1.htm |
| EX-31.2 - EX-31.2 - AIR LEASE CORP | a15-12036_1ex31d2.htm |
| XML - IDEA: XBRL DOCUMENT - AIR LEASE CORP | R9999.htm |
| 10-Q - 10-Q - AIR LEASE CORP | a15-12036_110q.htm |
EXHIBIT 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
|
|
|
Six Months Ended |
| ||||
|
(In thousands, except ratios) |
|
2015 |
|
2014 |
| ||
|
|
|
(unaudited) |
| ||||
|
Earnings: |
|
|
|
|
| ||
|
Net income |
|
$ |
95,450 |
|
$ |
123,434 |
|
|
Add: |
|
|
|
|
| ||
|
Provision for income taxes |
|
52,688 |
|
66,955 |
| ||
|
Fixed charges |
|
149,924 |
|
126,705 |
| ||
|
Less: |
|
|
|
|
| ||
|
Capitalized interest |
|
(20,702 |
) |
(21,225 |
) | ||
|
Earnings as adjusted (A) |
|
$ |
277,360 |
|
$ |
295,869 |
|
|
Fixed charges: |
|
|
|
|
| ||
|
Interest expense |
|
$ |
128,914 |
|
$ |
105,172 |
|
|
Capitalized interest |
|
20,702 |
|
21,225 |
| ||
|
Interest factors of rents (1) |
|
308 |
|
308 |
| ||
|
Fixed charges as adjusted (B) |
|
$ |
149,924 |
|
$ |
126,705 |
|
|
Ratio of earnings to fixed charges ((A) divided by (B)) |
|
1.85 |
|
2.34 |
| ||
(1) Estimated to be 1/3 of rent expense.