v3.25.1

Consolidated Balance Sheets - USD ($) $ in Thousands	Feb. 28, 2025	Feb. 29, 2024
ASSETS
Cash and cash equivalents	$ 279,052	$ 129,977
Accounts receivable	9,662	12,518
Flight equipment held for lease, net	7,644,867	6,940,502
Net investment in leases, net	257,249	282,439
Unconsolidated equity method investment	45,813	42,710
Other assets	273,521	271,807
Total assets	8,510,164	7,679,953
LIABILITIES
Borrowings from secured financings, net	502,609	875,397
Borrowings from unsecured financings, net	4,452,781	3,823,099
Accounts payable, accrued expenses and other liabilities	295,132	219,588
Lease rentals received in advance	68,120	52,654
Security deposits	82,477	69,544
Maintenance payments	583,658	505,897
Total liabilities	5,984,777	5,546,179
Commitments and Contingencies
SHAREHOLDERS’ EQUITY
Preference shares, $0.01 par value, 50,000,000 shares authorized, 400 (aggregate liquidation preference of $400,000) shares issued and outstanding at February 28, 2025 and February 29, 2024	0	0
Common shares, $0.01 par value, 250,000,000 shares authorized, 17,840 and $15,564 shares issued and outstanding at February 28, 2025 and February 29, 2024, respectively	0	0
Additional paid-in capital	2,378,774	2,078,774
Retained earnings	146,613	55,000
Total shareholders’ equity	2,525,387	2,133,774
Total liabilities and shareholders’ equity	$ 8,510,164	$ 7,679,953

Sum of the carrying values as of the balance sheet date of obligations incurred through that date, including liabilities incurred and payable to vendors for goods and services received, taxes, interest, rent and utilities, compensation costs, payroll taxes and fringe benefits (other than pension and postretirement obligations), contractual rights and obligations, and statutory obligations.

Aircastle LTD 10-K