Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

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Consolidated Statements of Operations - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenue:      
Total revenue $ 334,503 $ 408,544 $ 340,437
Cost of sales and operating expenses:      
Total cost of sales 242,082 257,150 221,045
Gross profit 92,421 151,394 119,392
Selling, general, and administrative expenses 103,191 96,348 77,498
Payroll support program proceeds     (14,768)
(Loss) income from operations (10,770) 55,046 56,662
Other income (expenses):      
Interest income (expense), net 155 1,093 (980)
Other income, net 666 2,268 458
Unrealized loss on investment     (5,421)
Change in fair value of warrant liability 2,270 (525) (2,945)
Total other income (expenses) 3,091 2,836 (8,888)
(Loss) income before income tax provision (7,679) 57,882 47,774
Income tax benefit (expense) 2,116 (14,021) (11,659)
Net (loss) income (5,563) 43,861 36,115
Net income (loss) attributable to AerSale Corporation common stockholders $ (7,833) $ 43,861 $ 36,115
(Loss) earnings per share:      
Basic (in dollars per share) $ (0.11) $ 0.85 $ 0.84
Diluted (in dollars per share) $ (0.15) $ 0.83 $ 0.76
Weighted average shares outstanding:      
Basic (in shares) 51,291,424 51,568,436 43,193,995
Diluted (in shares) 51,457,821 53,145,639 47,310,100
Products      
Revenue:      
Total revenue $ 217,455 $ 284,554 $ 209,881
Cost of sales and operating expenses:      
Total cost of sales 155,376 176,074 139,475
Leasing      
Revenue:      
Total revenue 14,513 28,732 30,657
Cost of sales and operating expenses:      
Total cost of sales 4,599 6,929 9,804
Services      
Revenue:      
Total revenue 102,535 95,258 99,899
Cost of sales and operating expenses:      
Total cost of sales $ 82,107 $ 74,147 $ 71,766