AerSale Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

BUSINESS COMBINATIONS (Tables)

BUSINESS COMBINATIONS (Tables)

12 Months Ended

Dec. 31, 2021

Summary of unaudited pro forma information

The following unaudited pro forma information presents our Consolidated Statements of Operations as if ACT and Qwest had been included in our consolidated results since January 1, 2019 (in thousands, except per share data):




	2019
Revenues	$	324,871
Net income from continuing operations	$	21,497
Net revenue (loss) attributable to AerSale Corporation common shareholders	$	(13,136)
Earnings (loss) per share attributable to AerSale Corporation - basic	$	(354.93)
Earnings (loss) per share attributable to AerSale Corporation - diluted	$	(354.93)

ACT

Business combinations

Summary of purchase price allocation


	Acquisition
	Date
	Fair Values
Accounts receivable	$	1,442
Deposits, prepaid expenses, and other current assets		22
Property and equipment		381
Other intangible assets		10,096
Goodwill		6,002
Accounts payable		(134)
Accrued expenses		(833)
Total purchase price	$	16,976

Summary of intangible assets acquired

The intangible assets included above consist of the following (in thousands):


	Fair Value
Trademark and trade name (indefinite lived)	$	200


	Fair Value
FAA part 145 certificate (indefinite lived)	$	796


	Useful Life In
	Years	Fair Value
Customer relationships	10	$	9,100

Qwest Air Parts, Inc

Business combinations

Summary of purchase price allocation



	Acquisition Date
	Fair Values
Accounts receivable	$	2,714
Inventory		3,289
Deposits, prepaid expenses, and other current assets		218
Property and equipment		567
Other intangible assets		10,324
Goodwill		13,402
Accounts payable		(410)
Accrued expenses		(1,151)
Deferred tax liability		(2,872)
Total purchase price	$	26,081

Summary of intangible assets acquired

The intangible assets included above consist of the following (in thousands):


	Fair Value
FAA part 145 certificate (indefinite-lived)	$	724


	Useful Life In
	Years	Fair Value
Customer relationships	10	$	9,600