Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

ILFC Transaction (Tables)

v3.3.1.900
ILFC Transaction (Tables)
12 Months Ended
Dec. 31, 2015
Schedule Of The Consideration Transferred To Effect The ILFC Transaction

The consideration transferred to effect the ILFC Transaction consisted of the following:

 

 

 

 

Cash consideration (a)

$

2,400,000 

97,560,976 AerCap common shares issued multiplied by AerCap closing share price per share of $46.59 on May 14, 2014

 

4,545,366 

Share compensation

 

12,275 

Consideration transferred

$

6,957,641 

                    

 

(a)

Excludes the $600.0 million special distribution paid by ILFC to AIG prior to the Closing Date.

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

As of December 31, 2014, we had finalized all known measurement period adjustments. The following is a summary of the preliminary and final allocation of the purchase price to the estimated fair values of the identifiable assets acquired, the liabilities assumed and non-controlling interest at the Closing Date.

 

 

 

 

 

 

 

 

 

 

 

 

Amounts initially recognized and reported as of the Closing Date

 

 

Measurement period adjustments

 

Final amounts recognized as of the Closing Date

 

Cash and cash equivalents and restricted cash

$

2,958,809 

 

$

 —

 

$

2,958,809 

(a)

Flight equipment held for operating leases, net

 

23,989,643 

 

 

48,780 

 

 

24,038,423 

 

Prepayments on flight equipment

 

3,166,788 

 

 

9,534 

 

 

3,176,322 

 

Maintenance rights intangible and lease premium

 

4,263,076 

 

 

(181,047)

 

 

4,082,029 

(b)

Other intangibles

 

440,093 

 

 

49,712 

 

 

489,805 

 

Accrued maintenance liability

 

(2,688,438)

 

 

113,320 

 

 

(2,575,118)

 

Debt

 

(24,339,842)

 

 

 —

 

 

(24,339,842)

 

Other assets and liabilities

 

(775,990)

 

 

(77,844)

 

 

(853,834)

 

Non-controlling interest

 

(77,047)

 

 

 —

 

 

(77,047)

 

Estimate of fair value of net assets acquired

 

6,937,092 

 

 

(37,545)

 

 

6,899,547 

 

Consideration transferred

 

6,957,641 

 

 

 —

 

 

6,957,641 

 

Goodwill

$

20,549 

 

$

37,545 

 

$

58,094 

 

                   

 

(a)

Includes $0.8 billion of restricted cash.

(b)

Includes $4.0 billion maintenance rights intangible, and the remaining amount relates to lease premium.

Summary Of Pro Forma Information

The following unaudited pro forma summary presents consolidated information of AerCap as if the business combination had occurred on January 1, 2013:

 

 

 

 

 

 

 

Year Ended December 31,

 

2014

 

2013

Total Revenues and other income

$

5,212,900 

 

$

5,444,581 

Net income (loss)

 

952,778 

 

 

(32,634)

 

ILFC [Member]  
Schedule Of Reported Transaction And Integration Expenses Related To The ILFC Transaction

AerCap reported transaction and integration expenses related to the ILFC Transaction as provided in the following table. These expenses are included in transaction, integration and restructuring related expenses in our Consolidated Income Statements.

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

2015

 

2014

 

2013

Severance and other compensation expenses

 

$

7,236 

 

$

54,600 

 

$

 —

Banking fees

 

 

 —

 

 

45,740 

 

 

3,959 

Professional fees and other expenses

 

 

2,366 

 

 

48,452 

 

 

7,000 

 

 

$

9,602 

 

$

148,792 

 

$

10,959