10-Q
Quarterly Report
AerSale Corporation
ASLE
NASDAQ
CIK: 1754170
File #: 001-38801
Balance Sheet
57 line items · 2 periods
XBRL
| Item | Jun 30, 2025 | Dec 31, 2024 |
|---|---|---|
Condensed Consolidated Balance Sheets | ||
Assets | ||
Current assets: | ||
Cash and cash equivalents | 5,747,000 | 4,698,000 |
Accounts receivable, net of allowance for credit losses of $1,173 as of June 30, 2025 and December 31, 2024 | 44,533,000 | 34,646,000 |
Income tax receivable | 1,982,000 | 1,994,000 |
Inventory: | ||
Aircraft, airframes, engines, and parts, net | 257,506,000 | 224,832,000 |
Advance vendor payments | 4,897,000 | 6,803,000 |
Deposits, prepaid expenses, and other current assets | 11,837,000 | 11,057,000 |
Total current assets | 326,502,000 | 284,030,000 |
Fixed assets: | ||
Aircraft and engines held for lease, net | 66,708,000 | 67,847,000 |
Property and equipment, net | 41,634,000 | 36,331,000 |
Inventory: | ||
Aircraft, airframes, engines, and parts, net | 130,797,000 | 130,958,000 |
Operating lease right-of-use assets | 30,761,000 | 33,105,000 |
Deferred income taxes | 9,161,000 | 10,171,000 |
Deferred financing costs, net | 1,219,000 | 1,296,000 |
Other assets | 588,000 | 595,000 |
Goodwill | 19,860,000 | 19,860,000 |
Qwest - Asset Management Solutions | 13,416,000 | 13,416,000 |
ALGS - TechOps | 379,000 | 379,000 |
ACT - TechOps | 6,002,000 | 6,002,000 |
ACS - TechOps | 63,000 | 63,000 |
Other intangible assets, net | 19,441,000 | 20,530,000 |
Total assets | 646,671,000 | 604,723,000 |
Corporate | 15,160,000 | 15,732,000 |
TechOps | 208,889,000 | 205,655,000 |
Asset Management Solutions | 422,622,000 | 383,336,000 |
Liabilities and Stockholder's Equity | ||
Current liabilities: | ||
Accounts payable | 35,013,000 | 34,184,000 |
Accrued expenses | 10,075,000 | 7,400,000 |
Lessee and customer purchase deposits | 3,660,000 | 1,734,000 |
Current operating lease liabilities | 4,562,000 | 4,356,000 |
Current portion of long-term debt | 825,000 | 605,000 |
Deferred revenue | 1,630,000 | 1,781,000 |
Deferred insurance proceeds | 28,610,000 | 24,910,000 |
Total current liabilities | 84,375,000 | 74,970,000 |
Revolving credit facility | 114,509,000 | 39,235,000 |
Long-term debt | 907,000 | 1,209,000 |
CIBC - Equipment Loan | 1,732,000 | — |
Long-term lease deposits | 2,627,000 | 2,987,000 |
Long-term operating lease liabilities | 28,119,000 | 30,565,000 |
Maintenance deposit payments and other liabilities | 211,000 | 52,000 |
Warrant liability | 11,000 | 85,000 |
Total liabilities | 230,759,000 | 149,103,000 |
Stockholders' equity: | ||
Common stock, $0.0001 par value. Authorized 200,000,000 shares; issued and outstanding 47,093,869 and 53,252,563 shares as of June 30, 2025 and December 31, 2024 | 5,000 | 5,000 |
Additional paid-in capital | 273,487,000 | 316,493,000 |
Retained earnings | 142,420,000 | 139,122,000 |
Total stockholders' equity | 415,912,000 | 455,620,000 |
Retained earnings | 142,420,000 | 139,122,000 |
Additional paid-in capital | 273,487,000 | 316,493,000 |
Common stock | 5,000 | 5,000 |
Total liabilities and stockholders' equity | 646,671,000 | 604,723,000 |