Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.22.0.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Net revenue:      
Total revenues $ 340,437 $ 208,938 $ 304,201
Cost of sales and operating expenses:      
Total cost of sales 221,045 156,149 219,152
Gross profit 119,392 52,789 85,049
Selling, general, and administrative expenses 77,498 55,635 59,814
Payroll support program proceeds (14,768) (12,693)  
Transaction costs (recovered) incurred   (1,436) 3,177
Income from operations 56,662 11,283 22,058
Other income (expenses):      
Interest expense, net (980) (1,645) (3,006)
Other income, net 458 494 611
Loss on investment (5,421)    
Change in fair value of warrant liability (2,945) (388)  
Total other expenses (8,888) (1,539) (2,395)
Income before income tax provision 47,774 9,744 19,663
Income tax expense (11,659) (1,650) (4,164)
Net income 36,115 8,094 15,499
Dividends attributable to preferred stockholders     34,633
Net income (loss) attributable to AerSale Corporation common stockholders $ 36,115 $ 8,094 $ (19,134)
Earnings (Loss) per share - basic:      
Earnings (Loss) per share - basic $ 0.84 $ 7.85 $ (516.98)
Earnings (Loss) per share - diluted:      
Earnings (Loss) per share - diluted $ 0.76 $ 7.39 $ (516.98)
Product      
Net revenue:      
Total revenues $ 209,881 $ 49,390 $ 170,566
Cost of sales and operating expenses:      
Total cost of sales 139,475 49,890 131,671
Leasing      
Net revenue:      
Total revenues 30,657 55,649 64,246
Cost of sales and operating expenses:      
Total cost of sales 9,804 24,244 29,217
Services      
Net revenue:      
Total revenues 99,899 103,899 69,389
Cost of sales and operating expenses:      
Total cost of sales $ 71,766 $ 82,015 $ 58,264