AerCap N.V.(US:AER)2025-07-30 12:30Financial Performance - AerCap reported a GAAP EPS of $7.09 and an adjusted EPS of $2.83 for Q2 2025[10] - Net income for Q2 2025 was $1.259 billion, or $7.09 per share[16] - Adjusted net income for Q2 2025 was $502 million, or $2.83 per share[16] - The company is raising its 2025 adjusted EPS guidance to approximately $11.60, excluding any additional gains on sale[10, 21] - Q2 2025 operating cash flow was $1.3 billion[20] Transactions and Portfolio - AerCap leased, purchased, and sold a total of 116 assets in Q2 2025[11] - Sales in Q2 2025 amounted to $374 million, with an 18% gain-on-sale margin and a 1.7x book equity multiple[10] - New technology assets comprise approximately 75% of the total fleet[33] Capital Structure and Liquidity - The company has a strong liquidity position, with a next 12 months' sources-to-uses coverage of 1.9x and approximately $22 billion in sources of liquidity[17] - The adjusted leverage ratio is 2.2x[20] - AerCap repurchased 4.7 million shares in Q2 2025 for a total of $445 million[20] - Secured debt-to-total-assets ratio of approximately 11%[20]