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Income Statement
Balance Sheet
Cash Flow Statement

Common Size IS
Op Efficiency
Credit Analysis

Fly Leasing Ltd (FLY)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15Dec-31-14Dec-31-13
   20-F20-F20-F20-F20-F20-F20-F20-F
Revenues   [+]334.4575.0418.3353.3345.0462.4425.5360.6
            Revenue growth  -41.9%37.5%18.4%2.4%-25.4%8.7%18.0% 
Cost of goods sold  94.455.2134.0153.4134.8174.7132.7114.0
Gross profit  239.9519.8284.3199.8210.3287.7292.9246.6
            Gross margin  71.8%90.4%68.0%56.6%60.9%62.2%68.8%68.4%
Selling, general and administrative  30.935.331.230.730.133.741.039.6
Equity in earnings     0.50.51.2-3.6-1.5
Other operating expenses  -100.9-127.2-137.6-125.9-0.615.9308.8274.3
EBITDA   [+]309.9611.7390.8295.5301.8399.0106.469.5
            EBITDA margin  92.7%106.4%93.4%83.7%87.5%86.3%25.0%19.3%
Depreciation and amortization  129.6140.8144.1133.2120.5159.7167.0138.3
EBIT   [+]180.3470.9246.7162.3181.3239.3-60.5-68.8
            EBIT margin  53.9%81.9%59.0%45.9%52.6%51.8%-14.2%-19.1%
Non-recurring items   [+]151.097.313.422.096.166.116.011.6
Interest expense, net   [+]103.3137.1144.7127.8123.2143.2141.9118.5
Other income (expense), net   [+]2.410.07.11.41.6-1.8287.2255.9
Pre-tax income  -71.6246.495.613.9-36.428.268.957.1
Income taxes  -4.120.59.911.3-7.35.48.73.1
            Tax rate  5.8%8.3%10.4%81.3%20.0%19.1%12.6%5.5%
Net income  -67.4225.985.72.6-29.122.860.253.9
            Net margin  -20.2%39.3%20.5%0.7%-8.4%4.9%14.1%15.0%
   
Basic EPS   [+]($2.21)$7.15$2.88$0.09($0.88)$0.55$1.45$1.58
Diluted EPS   [+]($2.21)$7.12$2.88$0.09($0.88)$0.55$1.45$1.58
   
Dividends per share   [+]     $1.00$1.00$0.88
   
Shares outstanding (basic)   [+]30.631.629.730.333.241.241.434.1
Shares outstanding (diluted)   [+]30.631.729.830.433.241.341.534.2
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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