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

Supplemental Guarantor Financial Information (Tables)

v3.3.1.900
Supplemental Guarantor Financial Information (Tables)
12 Months Ended
Dec. 31, 2015
AerCap Aviation Notes [Member]  
Condensed Consolidated Balance Sheet

 

 

 

 

 

 

 

 

 

 

 

 

 

Condensed Consolidating Balance Sheet

 

 

December 31, 2015 (U.S. dollar amounts in millions)

 

 

AerCap
Holdings N.V.

 

AerCap Aviation
Solutions B.V.

 

AerCap
Ireland Ltd.

 

Non-
Guarantors

 

Eliminations

 

Total

Assets

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

14 

 

 -

 

1,193 

 

1,196 

 

 -

 

2,403 

Restricted cash

 

 -

 

 -

 

18 

 

401 

 

 -

 

419 

Flight equipment held for operating leases, net

 

 -

 

 -

 

1,034 

 

31,185 

 

 -

 

32,219 

Maintenance rights intangible and lease premium, net

 

 -

 

 -

 

80 

 

3,059 

 

 -

 

3,139 

Flight equipment held for sale

 

 -

 

 -

 

 -

 

71 

 

 -

 

71 

Net investment in finance and sales-type leases

 

 -

 

 -

 

22 

 

447 

 

 -

 

469 

Prepayments on flight equipment

 

 -

 

 -

 

 -

 

3,300 

 

 -

 

3,300 

Investments including investments in subsidiaries

 

8,290 

 

 -

 

3,385 

 

115 

 

(11,675)

 

115 

Intercompany receivables

 

46 

 

 

6,157 

 

4,652 

 

(10,860)

 

 -

Other assets

 

61 

 

 

378 

 

1,338 

 

 -

 

1,779 

Total Assets

 

8,411 

 

 

12,267 

 

45,764 

 

(22,535)

 

43,914 

Liabilities and Equity

 

 

 

 

 

 

 

 

 

 

 

 

Debt

 

 -

 

300 

 

78 

 

29,429 

 

 -

 

29,807 

Intercompany payables

 

 

 -

 

4,525 

 

6,331 

 

(10,860)

 

 -

Other liabilities

 

58 

 

 

184 

 

5,437 

 

 -

 

5,681 

Total Liabilities

 

62 

 

302 

 

4,787 

 

41,197 

 

(10,860)

 

35,488 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total AerCap Holdings N.V.  shareholders' equity

 

8,349 

 

(295)

 

7,480 

 

4,490 

 

(11,675)

 

8,349 

Non-controlling interest

 

 -

 

 -

 

 -

 

77 

 

 -

 

77 

Total Equity

 

8,349 

 

(295)

 

7,480 

 

4,567 

 

(11,675)

 

8,426 

Total Liabilities and Equity

 

8,411 

 

 

12,267 

 

45,764 

 

(22,535)

 

43,914 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Condensed Consolidating Balance Sheet

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2014 (U.S. dollar amounts in millions)

 

 

AerCap
Holdings N.V.

 

AerCap Aviation
Solutions B.V.

 

AerCap
Ireland Ltd.

 

Non-
Guarantors

 

Eliminations

 

Total

Assets

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

 

 -

 

816 

 

667 

 

 -

 

1,490 

Restricted cash

 

 -

 

 -

 

 

710 

 

 -

 

717 

Flight equipment held for operating leases, net

 

 -

 

 -

 

568 

 

31,417 

 

 -

 

31,985 

Maintenance rights intangible and lease premium, net

 

 -

 

 -

 

 

3,903 

 

 -

 

3,906 

Flight equipment held for sale

 

 -

 

 -

 

 -

 

14 

 

 -

 

14 

Net investment in finance and sales-type leases

 

 -

 

 -

 

25 

 

322 

 

 -

 

347 

Prepayments on flight equipment

 

 -

 

 -

 

 

3,485 

 

 -

 

3,487 

Investments including investments in subsidiaries

 

7,902 

 

 -

 

2,298 

 

116 

 

(10,200)

 

116 

Intercompany receivables

 

534 

 

260 

 

6,397 

 

4,255 

 

(11,446)

 

 -

Other assets

 

18 

 

 

229 

 

1,555 

 

 -

 

1,805 

Total Assets

 

8,461 

 

263 

 

10,345 

 

46,444 

 

(21,646)

 

43,867 

Liabilities and Equity

 

 

 

 

 

 

 

 

 

 

 

 

Debt

 

 -

 

300 

 

111 

 

29,991 

 

 -

 

30,402 

Intercompany payables

 

575 

 

 

3,749 

 

7,121 

 

(11,446)

 

 -

Other liabilities

 

22 

 

 -

 

77 

 

5,423 

 

 -

 

5,522 

Total Liabilities

 

597 

 

301 

 

3,937 

 

42,535 

 

(11,446)

 

35,924 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total AerCap Holdings N.V.  shareholders' equity

 

7,864 

 

(38)

 

6,408 

 

3,830 

 

(10,200)

 

7,864 

Non-controlling interest

 

 -

 

 -

 

 -

 

79 

 

 -

 

79 

Total Equity

 

7,864 

 

(38)

 

6,408 

 

3,909 

 

(10,200)

 

7,943 

Total Liabilities and Equity

 

8,461 

 

263 

 

10,345 

 

46,444 

 

(21,646)

 

43,867 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Condensed Consolidated Income Statement

 

 

 

 

 

 

 

 

 

 

 

 

 

Condensed Consolidating Income Statement

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2015 (U.S. dollar amounts in millions)

 

 

AerCap
Holdings N.V.

 

AerCap Aviation
Solutions B.V.

 

AerCap Ireland Ltd.

 

Non-
Guarantors

 

Eliminations

 

Total

Revenues and other income

 

 

 

 

 

 

 

 

 

 

 

 

Lease revenue

 

 -

 

 -

 

110 

 

4,882 

 

 -

 

4,992 

Net gain on sale of assets

 

 -

 

 -

 

14 

 

169 

 

 -

 

183 

Other income (loss)

 

 

 -

 

430 

 

476 

 

(802)

 

113 

Total Revenues and other income

 

 

 -

 

554 

 

5,527 

 

(802)

 

5,288 

Expenses

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and amortization

 

 -

 

 -

 

52 

 

1,791 

 

 -

 

1,843 

Asset impairment

 

 -

 

 -

 

 -

 

16 

 

 -

 

16 

Interest expense

 

12 

 

20 

 

268 

 

1,397 

 

(597)

 

1,100 

Leasing expenses

 

 -

 

 -

 

50 

 

472 

 

 -

 

522 

Transaction, integration and restructuring related expenses

 

 -

 

 -

 

 -

 

59 

 

 -

 

59 

Selling, general and administrative expenses

 

108 

 

 -

 

202 

 

277 

 

(205)

 

382 

Total Expenses

 

120 

 

20 

 

572 

 

4,012 

 

(802)

 

3,922 

(Loss) income before income taxes and income of investments accounted for under the equity method

 

(111)

 

(20)

 

(18)

 

1,515 

 

 -

 

1,366 

Provision for income taxes

 

28 

 

 

 

(225)

 

 -

 

(190)

Equity in net earnings of investments accounted for under the equity method

 

 -

 

 -

 

 -

 

 

 -

 

Net (loss) income before income from subsidiaries

 

(83)

 

(15)

 

(16)

 

1,291 

 

 -

 

1,177 

Income (loss) from subsidiaries

 

1,262 

 

 -

 

1,088 

 

(16)

 

(2,334)

 

 -

Net income (loss)

 

1,179 

 

(15)

 

1,072 

 

1,275 

 

(2,334)

 

1,177 

Net loss attributable to non-controlling interest

 

 -

 

 -

 

 -

 

 

 -

 

Net income (loss) attributable to AerCap Holdings N.V.

 

1,179 

 

(15)

 

1,072 

 

1,277 

 

(2,334)

 

1,179 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Condensed Consolidating Income Statement

 

 

Year Ended December 31, 2014 (U.S. dollar amounts in millions)

 

 

AerCap
Holdings N.V.

 

AerCap Aviation
Solutions B.V.

 

AerCap Ireland Ltd.

 

Non-
Guarantors

 

Eliminations

 

Total

Revenues and other income

 

 

 

 

 

 

 

 

 

 

 

 

Lease revenue

 

 -

 

 -

 

81 

 

3,369 

 

 -

 

3,450 

Net gain on sale of assets

 

 -

 

 -

 

10 

 

28 

 

 -

 

38 

Other income (loss)

 

25 

 

 -

 

254 

 

377 

 

(552)

 

104 

Total Revenues and other income

 

25 

 

 -

 

345 

 

3,774 

 

(552)

 

3,592 

Expenses

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and amortization

 

 -

 

 -

 

 

1,273 

 

 -

 

1,282 

Asset impairment

 

 -

 

 -

 

 -

 

22 

 

 -

 

22 

Interest expense

 

13 

 

20 

 

244 

 

932 

 

(428)

 

781 

Leasing expenses

 

 -

 

 -

 

96 

 

46 

 

 -

 

142 

Transaction, integration and restructuring related expenses

 

 -

 

 -

 

 -

 

149 

 

 -

 

149 

Selling, general and administrative expenses

 

83 

 

 -

 

72 

 

269 

 

(124)

 

300 

Total Expenses

 

96 

 

20 

 

421 

 

2,691 

 

(552)

 

2,676 

(Loss) income before income taxes and income of investments accounted for under the equity method

 

(71)

 

(20)

 

(76)

 

1,083 

 

 -

 

916 

Provision for income taxes

 

(1)

 

 -

 

(93)

 

(43)

 

 -

 

(137)

Equity in net earnings of investments accounted for under the equity method

 

 -

 

 -

 

 -

 

29 

 

 -

 

29 

Net (loss) income before income from subsidiaries

 

(72)

 

(20)

 

(169)

 

1,069 

 

 -

 

808 

Income (loss) from subsidiaries

 

882 

 

-

 

869 

 

(169)

 

(1,582)

 

 -

Net income (loss)

 

810 

 

(20)

 

700 

 

900 

 

(1,582)

 

808 

Net loss attributable to non-controlling interest

 

 -

 

 -

 

 -

 

 

 -

 

Net income (loss) attributable to AerCap Holdings N.V.

 

810 

 

(20)

 

700 

 

902 

 

(1,582)

 

810 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Condensed Consolidating Income Statement

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2013 (U.S. dollar amounts in millions)

 

 

AerCap
Holdings N.V.

 

AerCap Aviation
Solutions B.V.

 

AerCap Ireland Ltd.

 

Non-
Guarantors

 

Eliminations

 

Total

Revenues and other income

 

 

 

 

 

 

 

 

 

 

 

 

Lease revenue

 

 -

 

 -

 

 

969 

 

 -

 

976 

Net (loss) gain on sale of assets

 

 -

 

 -

 

(12)

 

42 

 

12 

 

42 

Other income (loss)

 

 

 

157 

 

10 

 

(148)

 

32 

Total Revenues and other income

 

 

 

152 

 

1,021 

 

(136)

 

1,050 

Expenses

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and amortization

 

 -

 

 -

 

 

335 

 

 -

 

338 

Asset impairment

 

 -

 

 -

 

 -

 

26 

 

 -

 

26 

Interest expense

 

10 

 

20 

 

152 

 

171 

 

(127)

 

226 

Other leasing expenses

 

 -

 

 -

 

 -

 

49 

 

 -

 

49 

Transaction, integration and restructuring related expenses

 

 -

 

 -

 

 -

 

11 

 

 -

 

11 

Selling, general and administrative expenses

 

18 

 

 -

 

53 

 

40 

 

(21)

 

90 

Total Expenses

 

28 

 

20 

 

208 

 

632 

 

(148)

 

740 

(Loss) income before income taxes and income of investments accounted for under the equity method

 

(23)

 

(12)

 

(56)

 

389 

 

12 

 

310 

Provision for income taxes

 

 -

 

 -

 

(6)

 

(20)

 

 -

 

(26)

Equity in net earnings of investments accounted for under the equity method

 

 -

 

 -

 

 -

 

11 

 

 -

 

11 

Net (loss) income before income from subsidiaries

 

(23)

 

(12)

 

(62)

 

380 

 

12 

 

295 

Income (loss) from subsidiaries

 

315 

 

 -

 

202 

 

(62)

 

(455)

 

 -

Net income (loss)

 

292 

 

(12)

 

140 

 

318 

 

(443)

 

295 

Net income attributable to non-controlling interest

 

 -

 

 -

 

 -

 

(3)

 

 -

 

(3)

Net income (loss) attributable to AerCap Holdings N.V.

 

292 

 

(12)

 

140 

 

315 

 

(443)

 

292 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Condensed Consolidated Statements of Cash Flows

 

 

 

 

 

 

 

 

 

 

 

 

 

Condensed Consolidating Statement of Cash Flows

 

 

Year Ended December 31, 2015 (U.S. dollar amounts in millions)

 

 

AerCap
Holdings N.V.

 

AerCap Aviation
Solutions B.V.

 

AerCap
Ireland Ltd.

 

Non-
Guarantors

 

Eliminations

 

Total

Net income (loss)

 

1,179 

 

(15)

 

1,072 

 

1,275 

 

(2,334)

 

1,177 

Adjustments to reconcile net income (loss) to net cash provided by operating activities:

 

 

 

 

 

 

 

 

 

 

 

 

(Income) loss from subsidiaries

 

(1,262)

 

 -

 

(1,088)

 

16 

 

2,334 

 

 -

Depreciation and amortization

 

 -

 

 -

 

52 

 

1,791 

 

 -

 

1,843 

Asset impairment

 

 -

 

 -

 

 -

 

16 

 

 -

 

16 

Amortization of debt issuance costs and debt discount

 

 

 

 

35 

 

 -

 

46 

Amortization of lease premium intangibles

 

 -

 

 -

 

 -

 

23 

 

 -

 

23 

Amortization of fair value adjustments on debt

 

 -

 

 -

 

 -

 

(443)

 

 -

 

(443)

Accretion of fair value adjustments on deposits and maintenance liabilities

 

 -

 

 -

 

 

75 

 

 -

 

76 

Maintenance rights write off

 

 -

 

 -

 

 

622 

 

 -

 

629 

Maintenance liability release to income

 

 -

 

 -

 

(4)

 

(240)

 

 -

 

(244)

Net gain on sale of assets

 

 -

 

 -

 

(14)

 

(169)

 

 -

 

(183)

Deferred income taxes

 

(28)

 

(5)

 

(2)

 

145 

 

 -

 

110 

Restructuring expenses

 

 -

 

 -

 

 -

 

49 

 

 -

 

49 

Other

 

64 

 

 -

 

26 

 

 -

 

 -

 

90 

Cash flow from operating activities before changes in working capital

 

(46)

 

(19)

 

59 

 

3,195 

 

 -

 

3,189 

Working capital

 

846 

 

19 

 

537 

 

(1,231)

 

 -

 

171 

Net cash provided by operating activities

 

800 

 

 -

 

596 

 

1,964 

 

 -

 

3,360 

Purchase of flight equipment

 

 -

 

 -

 

(299)

 

(2,473)

 

 -

 

(2,772)

Proceeds from sale or disposal of assets

 

 -

 

 -

 

94 

 

1,474 

 

 -

 

1,568 

Prepayments on flight equipment

 

 -

 

 -

 

 -

 

(792)

 

 -

 

(792)

Collections of finance and sales-type leases

 

 -

 

 -

 

 

52 

 

 -

 

55 

Movement in restricted cash

 

 -

 

 -

 

(11)

 

309 

 

 -

 

298 

Other

 

 -

 

 -

 

 -

 

(73)

 

 -

 

(73)

Net cash used in investing activities

 

 -

 

 -

 

(213)

 

(1,503)

 

 -

 

(1,716)

Issuance of debt

 

300 

 

 -

 

 -

 

3,614 

 

 -

 

3,914 

Repayment of debt

 

(300)

 

 -

 

(8)

 

(3,736)

 

 -

 

(4,044)

Debt issuance costs paid

 

 -

 

 -

 

(1)

 

(48)

 

 -

 

(49)

Maintenance payments received

 

 -

 

 -

 

19 

 

757 

 

 -

 

776 

Maintenance payments returned

 

 -

 

 -

 

(20)

 

(538)

 

 -

 

(558)

Security deposits received

 

 -

 

 -

 

20 

 

151 

 

 -

 

171 

Security deposits returned

 

 -

 

 -

 

(7)

 

(137)

 

 -

 

(144)

Repurchase of shares and tax withholdings on share-based compensation

 

(794)

 

 -

 

 -

 

 -

 

 -

 

(794)

Net cash (used in) provided by financing activities

 

(794)

 

 -

 

 

63 

 

 -

 

(728)

Net increase in cash and cash equivalents

 

 

 -

 

386 

 

524 

 

 -

 

916 

Effect of exchange rate changes

 

 

 -

 

(9)

 

 

 -

 

(3)

Cash and cash equivalents at beginning of period

 

 

 -

 

816 

 

667 

 

 -

 

1,490 

Cash and cash equivalents at end of period

 

14 

 

 -

 

1,193 

 

1,196 

 

 -

 

2,403 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Condensed Consolidating Statement of Cash Flows

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2014 (U.S. dollar amounts in millions)

 

 

AerCap
Holdings N.V.

 

AerCap Aviation
Solutions B.V.

 

AerCap
Ireland Ltd.

 

Non-
Guarantors

 

Eliminations

 

Total

Net income (loss)

 

810 

 

(20)

 

700 

 

900 

 

(1,582)

 

808 

Adjustments to reconcile net income (loss) to net cash provided by operating activities:

 

 

 

 

 

 

 

 

 

 

 

 

(Income) loss from subsidiaries

 

(882)

 

 -

 

(869)

 

169 

 

1,582 

 

 -

Dividend received

 

 -

 

 -

 

12 

 

-

 

(12)

 

 -

Depreciation and amortization

 

 -

 

 -

 

 

1,273 

 

 -

 

1,282 

Asset impairment

 

 -

 

 -

 

 -

 

22 

 

 -

 

22 

Amortization of debt issuance costs and debt discount

 

 

 

 -

 

82 

 

 -

 

86 

Amortization of lease premium intangibles

 

 -

 

 -

 

 -

 

18 

 

 -

 

18 

Amortization of fair value adjustments on debt

 

 -

 

 -

 

 -

 

(331)

 

 -

 

(331)

Accretion of fair value adjustments on deposits and maintenance liabilities

 

 -

 

 -

 

 -

 

72 

 

 -

 

72 

Maintenance rights write off

 

 -

 

 -

 

 -

 

131 

 

 -

 

131 

Maintenance liability release to income

 

 -

 

 -

 

 -

 

(92)

 

 -

 

(92)

Net gain on sale of assets

 

 -

 

 -

 

(10)

 

(27)

 

 -

 

(37)

Deferred income taxes

 

 -

 

 -

 

93 

 

23 

 

 -

 

116 

Other

 

43 

 

 -

 

 

52 

 

 -

 

102 

Cash flow from operating activities before changes in working capital

 

(26)

 

(19)

 

(58)

 

2,292 

 

(12)

 

2,177 

Working capital

 

163 

 

19 

 

1,131 

 

(1,176)

 

 -

 

137 

Net cash provided by (used in) operating activities

 

137 

 

 -

 

1,073 

 

1,116 

 

(12)

 

2,314 

Purchase of flight equipment

 

 -

 

 -

 

(1,198)

 

(892)

 

 -

 

(2,090)

Proceeds from sale or disposal of assets

 

21 

 

 -

 

737 

 

(188)

 

 -

 

570 

Prepayments on flight equipment

 

 -

 

 -

 

(2)

 

(456)

 

 -

 

(458)

Acquisition of ILFC, net of cash acquired

 

 -

 

 -

 

 -

 

(195)

 

 -

 

(195)

Collections of finance and sales-type leases

 

 -

 

 -

 

 -

 

41 

 

 -

 

41 

Movement in restricted cash

 

 -

 

 -

 

 

281 

 

 -

 

282 

Net cash provided by (used in) investing activities

 

21 

 

 -

 

(462)

 

(1,409)

 

 -

 

(1,850)

Issuance of debt

 

75 

 

 -

 

43 

 

5,294 

 

 -

 

5,412 

Repayment of debt

 

(225)

 

 -

 

(10)

 

(4,592)

 

 -

 

(4,827)

Debt issuance costs paid

 

 -

 

 -

 

 -

 

(135)

 

 -

 

(135)

Maintenance payments received

 

 -

 

 -

 

26 

 

536 

 

 -

 

562 

Maintenance payments returned

 

 -

 

 -

 

 -

 

(286)

 

 -

 

(286)

Security deposits received

 

 -

 

 -

 

 

98 

 

 -

 

107 

Security deposits returned

 

 -

 

 -

 

(2)

 

(97)

 

 -

 

(99)

Dividend paid

 

 -

 

 -

 

 -

 

(12)

 

12 

 

 -

Net cash (used in) provided by financing activities

 

(150)

 

 -

 

66 

 

806 

 

12 

 

734 

Net increase in cash and cash equivalents

 

 

 -

 

677 

 

513 

 

 -

 

1,198 

Effect of exchange rate changes

 

(1)

 

 -

 

(1)

 

(2)

 

 -

 

(4)

Cash and cash equivalents at beginning of period

 

 -

 

 -

 

140 

 

156 

 

 -

 

296 

Cash and cash equivalents at end of period

 

 

 -

 

816 

 

667 

 

 -

 

1,490 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Condensed Consolidating Statement of Cash Flows

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2013 (U.S. dollar amounts in millions)

 

 

AerCap
Holdings N.V.

 

AerCap Aviation
Solutions B.V.

 

AerCap
Ireland Ltd.

 

Non-
Guarantors

 

Eliminations

 

Total

Net income (loss)

 

292 

 

(12)

 

140 

 

318 

 

(443)

 

295 

Adjustments to reconcile net income (loss) to net cash provided by operating activities:

 

 

 

 

 

 

 

 

 

 

 

 

(Income) loss from subsidiaries

 

(315)

 

 -

 

(202)

 

62 

 

455 

 

 -

Dividend received

 

 -

 

-

 

 

 -

 

(3)

 

 -

Depreciation and amortization

 

 -

 

 -

 

 

335 

 

 -

 

338 

Asset impairment

 

 -

 

 -

 

 -

 

26 

 

 -

 

26 

Amortization of debt issuance costs and debt discount

 

 

 

 

44 

 

 -

 

47 

Amortization of lease premium intangibles

 

 -

 

 -

 

 -

 

 

 -

 

Maintenance liability release to income

 

 -

 

 -

 

 -

 

(13)

 

 -

 

(13)

Net loss (gain) on sale of assets

 

 -

 

 -

 

12 

 

(42)

 

(12)

 

(42)

Deferred income taxes

 

 -

 

 -

 

 

15 

 

 -

 

21 

Other

 

 

 -

 

 -

 

(12)

 

 -

 

(3)

Cash flow from operating activities before changes in working capital

 

(13)

 

(11)

 

(37)

 

742 

 

(3)

 

678 

Working capital

 

(136)

 

11 

 

100 

 

40 

 

 -

 

15 

Net cash (used in) provided by operating activities

 

(149)

 

 -

 

63 

 

782 

 

(3)

 

693 

Purchase of flight equipment

 

 -

 

 -

 

 -

 

(1,783)

 

 -

 

(1,783)

Proceeds from sale or disposal of assets

 

 -

 

 -

 

 -

 

664 

 

 -

 

664 

Prepayments on flight equipment

 

 -

 

 -

 

20 

 

(233)

 

 -

 

(213)

Capital contributions to equity investments

 

 -

 

 -

 

 -

 

(13)

 

 -

 

(13)

Collections of finance and sales-type leases

 

 -

 

 -

 

 -

 

 

 -

 

Movement in restricted cash

 

 -

 

 -

 

 -

 

 

 -

 

Net cash provided by (used in) investing activities

 

 -

 

 -

 

20 

 

(1,354)

 

 -

 

(1,334)

Issuance of debt

 

150 

 

 -

 

 -

 

2,150 

 

 -

 

2,300 

Repayment of debt

 

 -

 

 -

 

(107)

 

(1,783)

 

 -

 

(1,890)

Debt issuance costs paid

 

(2)

 

 -

 

 -

 

(43)

 

 -

 

(45)

Maintenance payments received

 

 -

 

 -

 

 

98 

 

 -

 

101 

Maintenance payments returned

 

 -

 

 -

 

 -

 

(57)

 

 -

 

(57)

Security deposits received

 

 -

 

 -

 

 -

 

23 

 

 -

 

23 

Security deposits returned

 

 -

 

 -

 

(3)

 

(12)

 

 -

 

(15)

Dividend paid