AerCap N.V.(US:AER) Prnewswireยท2024-10-30 11:00Financial Performance - Net income for Q3 2024 was $375 million, or $1.95 per share, while adjusted net income was $463 million, or $2.41 per share [1][4][19] - Full-year adjusted earnings per share guidance has been raised from approximately $10.25 to approximately $10.70, excluding any gains on sale for Q4 2024 [4][21] - Total revenues and other income for Q3 2024 were $1.948 billion, a 3% increase from $1.892 billion in Q3 2023 [5][37] Revenue Breakdown - Basic lease rents for Q3 2024 were $1.605 billion, a 2% increase from $1.575 billion in Q3 2023 [5][37] - Maintenance rents and other receipts increased by 28% to $161 million in Q3 2024 compared to $126 million in Q3 2023 [5][6] - Net gain on sale of assets was $102 million in Q3 2024, down from $130 million in Q3 2023 [7][37] Operational Metrics - AerCap reported a 99% utilization rate and a 92% extension rate for used aircraft [3] - The company achieved a record operating cash flow of $5.6 billion over the last twelve months [3][4] - The adjusted debt/equity ratio as of September 30, 2024, was 2.4 to 1 [4][24] Shareholder Returns - AerCap repurchased 5.5 million shares for $497 million and announced a new $500 million share repurchase program [4][3] - A quarterly cash dividend of $0.25 per share was declared for October 2024, with a payment date of December 5, 2024 [15] Financial Position - As of September 30, 2024, total cash, cash equivalents, and restricted cash amounted to $3.955 billion, a 117% increase from $1.825 billion at the end of 2023 [13][39] - Total assets were $73.825 billion, up 4% from $71.275 billion at the end of 2023 [13][34] - Total liabilities increased to $57.072 billion, a 4% rise from $54.686 billion at the end of 2023 [13][34]