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AerCap Holdings N.V. Reports Second Quarter 2012 Financial Results

Amsterdam, Netherlands, Aug 7, 2012 – (ACN Newswire) –

AerCap Holdings N.V. (the "Company" or "AerCap")  (NYSE: AER)  today announced
the results  of its  operations for the second quarter ended June 30, 2012.

Second Quarter 2012 Net Income and Earnings Per Share
  * Second quarter 2012 reported net income was $29.6 million, compared with
    $30.8 million for the same period in 2011. Second quarter 2012 reported
    basic and diluted earnings per share was $0.21, compared with reported basic
    and diluted earnings per share of $0.21 for the same period in 2011.
  * Second quarter 2012 adjusted net income was $59.2 million, compared with
    second quarter 2011 adjusted net income of $72.8 million. Second quarter
    2012 adjusted earnings per share was $0.43, compared with $0.49 for the same
    period in 2011.

Set forth below are the details to reconcile reported net income to adjusted net
income, including the specific adjustments.

                       Three months ended                Six months ended
                            June 30,                         June 30,
                ----------------------------  -------------------------------
                                       %                                 %
                                 increase/                         increase/
                     2012     2011   (decrease)      2012      2011    (decrease)
                ------ -------- ------------  --------- --------- -----------


 Net income        $ 29.6   $ 30.8         (4%)    $  94.6   $ 102.9         (8%)

 Plus: mark-to-
 market of
 interest rate
 caps, net of
 tax                  7.0     18.9        (63%)        9.8      20.3        (52%)

   share-based
   compensation,
   net of tax         1.7      1.7           0%        3.0       3.4        (12%)
                ------ -------- ------------  --------- --------- -----------
 Net income
 excluding the
 impact of mark-
 to-market of
 interest rate
 caps and share-
 based
 compensation        38.3     51.4        (25%)      107.4     126.6        (15%)

 Plus: buy-out
 of the Genesis
 portfolio
 servicing
 rights, net of
 tax                  -       21.4       (100%)        -        21.4       (100%)

   non-recurring
   charges to
   interest
   expense from
   the early
   repayment of
   secured
   loans, net of
   tax               20.9      -          100%       20.9   -    100%
            ------ -------- ------------  --------- --------- -----------
   Adjusted net
   income            59.2     72.8        (19%)      128.3     148.0        (13%)
            ------ -------- ------------  --------- --------- -----------

Both  reported and adjusted  net income in  the second quarter of 2012 decreased
from the same period in 2011. The decrease in adjusted net income was mainly the
result  of increased default and restructuring related expenses of $6.9 million,
net  of tax, and a  lower gain on the  sale of aircraft of  $4.5 million, net of
tax, in the second quarter of 2012 compared with the second quarter of 2011.

Aengus  Kelly, CEO  of AerCap,  commented: "During  the second  quarter of 2012
AerCap  continued to  increase shareholder  value by  generating $59  million of
adjusted  net income and executing an unsecured debt offering, which represented
an  industry milestone. In  addition, we demonstrated  our commitment to enhance
shareholder  value by repurchasing 5.6 million shares and recently increased our
share  repurchase  program  to  $200m.  This,  along with opportunistic aircraft
acquisitions  such as  our transaction  with Singapore  Airlines, our pro active
aircraft  sales  policy  and  robust  liquidity  profile  will continue to drive
AerCap's industry leading returns."

Additional Second Quarter 2012 Financial Highlights
  * Net interest margin earned on lease assets, or net spread, was $173.1
    million in the second quarter of 2012 compared with $177.3 million for the
    same period in 2011. Net interest margin as a percentage of average lease
    assets was 8.67% for second quarter 2012 as compared to 8.83% for second
    quarter 2011. The decrease in net interest margin is driven by the impact
    from the delivery of new aircraft and costs related to defaults which
    occurred in previous periods.
  * Total assets were $9.3 billion at June 30, 2012, a decrease of 3% over total
    assets of $9.6 billion at June 30, 2011. The net decrease is attributable to
    the sale of AeroTurbine, which was only partially offset by new aircraft
    deliveries.
  * Debt to equity ratio was 2.7 to 1 at June 30, 2012, compared to 2.8 to 1 at
    June 30, 2011.
  * Committed purchases of aviation assets delivered or scheduled for delivery
    in 2012 are $1,097 million, of which $518 million closed in the first six
    months of 2012.
  * In the second quarter of 2012, we closed three financing transactions
    totaling approximately $340 million, including a $300 million senior
    unsecured notes issuance. The total amount of financing transactions
    completed in the year to date is $650 million.
  * In the second quarter of 2012, we purchased 5.6 million shares (including
    5.0 million shares purchased from Cerberus Capital Management, L.P.) at a
    cost of $62.7 million. The average purchase price of the 5.6 million shares
    was $11.22. The book value per share at June 30, 2012 was $17.20.

AerCap's CFO, Keith Helming, added: "During the first half of 2012, we completed
$650  million of new  financing transactions and  generated over $300 million of
operating  cash flow.  With a debt/equity ratio at 2.7 times and $750 million of
total  cash on hand at the end of  the second quarter, we are well positioned to
respond  to  investment  opportunities  that  may  arise to maximize shareholder
value."

Revenue Breakdown

                       Three months ended                Six months ended
                            June 30,                         June 30,
            -------------------------------- -------------------------------
                                    %                                %
                                  increase/                        increase/
                2012      2011    (decrease)     2012      2011    (decrease)
            --------- --------- ------------ --------- --------- -----------


 Lease
 revenue:

   Basic lease
   rents         $ 234.9   $ 238.4         (1%)   $ 470.1   $ 475.5     (1%)

   Maintenance
   rents and
   other
   receipts         12.5      26.1        (52%)      30.1      46.3    (35%)
             --------- --------- ------------ --------- --------- -----------
 Lease revenue     247.4     264.5         (6%)     500.2     521.8     (4%)

 Net gain on
 sale of
 assets              0.7       6.5        (89%)       0.4       5.2    (92%)

 Management
 fees and
 interest
 income              4.5       5.7        (21%)       9.7      11.4    (15%)

 Other revenue       0.3       0.4        (25%)       0.5       2.8    (82%)
             --------- --------- ------------ --------- --------- -----------
 Total revenue   $ 252.9   $ 277.1         (9%)   $ 510.8   $ 541.2     (6%)
             --------- --------- ------------ --------- --------- -----------

Basic lease rents were $234.9 million for the second quarter of 2012, a decrease
of  1% compared with the same period in 2011. Our average lease assets decreased
by 1% to $8.0 billion compared with the second quarter of 2011.

Basic  rents, maintenance rents and other  receipts, or total lease revenue, for
the  second quarter of  2012 was $247.4 million,  compared to $264.5 million for
the  same period in 2011, a decrease of 6%. This  is mainly due to a decrease in
maintenance rents and other receipts.

Net  gain on sale of  aircraft for the second  quarter of 2012 was $0.7 million,
compared  to $6.5 million for the same period in 2011. During the second quarter
of 2012 we sold one A330 aircraft, one A320 aircraft and one B757 aircraft.

                     Three months ended                      Six months ended
                          June 30,                               June 30,
           -------------------------------------- ---------------------------
                                            %                              %
                                    increase/                      increase/
              2012        2011     (decrease)     2012       2011 (decrease)
          --------    --------    ----------- --------   -------- ----------


 Basic lease
 rents.        $ 234.9     $ 238.4           (1%)  $ 470.1    $ 475.5    (1%)


 Interest on
 debt             93.7(a)     82.9            13%    157.6(a)   141.6    11%

 Plus: mark-
 to-market
 of interest
 rate caps       (8.0)       (21.8)          (63%)   (11.3)     (23.5)  (52%)

   non-
   recurring
   charges
   to
   interest
   expense
   from
   repayment
   of
   secured
   loans        (23.9)           -           100%    (23.9)         -   100%

 Interest on
 debt
 excluding
 the impact
 of mark-to-
 market of
 interest
 rate caps
 and non-
 recurring
 charges to
 interest
 expense
 from the
 early
 repayment
 of secured
 loans            61.8        61.1           1%       122.4      118.1    4%

         --------   --------  -----------    --------   -------- -----------
 Net
 interest
 margin, or
 net spread    $ 173.1     $ 177.3          (2%)    $ 347.7    $ 357.4   (3%)
         --------   --------  -----------    --------   -------- -----------

(a)  Interest on debt for the  quarter ended June 30, 2012 includes $6.5 million
of  amortization of debt issuance costs. Interest  on debt for the three and six
months  ended  June  30, 2012 includes  $23.9  million  non-recurring charges to
interest  expense from the early repayment of secured loans from the proceeds of
our $300 million senior unsecured notes issuance.

As  shown in the table above, interest expense excluding the impact of the mark-
to-market  of interest rate  caps and non-recurring  charges to interest expense
from  the  early  repayment  of  secured  loans  was $61.8 million in the second
quarter  of 2012, a  1% increase compared  with the  second quarter of 2011. Net
spread  in the second quarter of 2012 decreased 2% compared with the same period
in 2011.

Selling, General and Administrative Expenses Breakdown

                    Three months ended                      Six months ended
                             June 30,                               June 30,
          -------------------------------------- ---------------------------
                                           %                              %
                                     increase/                      increase/
               2012        2011     (decrease)     2012       2011 (decrease)
           --------    --------    ----------- --------   -------- ----------


 Aircraft
 management
 fees        $  0.5     $  25.8 (a)      (98%)   $  1.0     $ 27.4 (a)  (96%)

 Mark-to-market
 of foreign
 currency
 hedges,
 foreign
 currency
 balances and
 other
 derivatives    1.8        (0.4)        (550%)     (3.1)      (7.6)     (59%)

 Share-based
 compensation
 expenses       1.9         1.7           12%       3.4        2.9       17%

 Other selling,
 general and
 administrative
 expenses      17.5        22.3         (22%)      36.7       43.5      (16%)
            --------    --------    ----------- --------   -------- ---------

 Total selling,
 general and
 administrative
 expenses      $ 21.7   $  49.4          (56%)   $   38.0   $  66.2     (43%)
            --------    --------    ----------- --------   -------- ---------

(a)  Aircraft management fees for the three  and six months ended June 30, 2011
includes  $24.5 million one-time  charge relating to  the buy-out of the Genesis
portfolio servicing rights.

Effective Tax Rate

AerCap's  blended effective  tax rate  during the  first six  months of 2012 was
8.0%. The blended effective tax rate in 2011 was 6.7%.

Financial Position

                                                                % increase/
                                                                (decrease)
                                                                    over
                             June 30, 2012     June 30, 2011   June 30, 2011
                          ----------------- ----------------- --------------

 Total cash (incl.
 restricted)                  $         765.1   $         535.1         43%

 Flight equipment held for
 lease                                8,027.5           8,158.2         (2%)

 Total assets                         9,289.1           9,571.0         (3%)

 Debt                                 6,225.0           6,519.2         (5%)

 Total liabilities                    6,974.3           7,254.8         (4%)

 Total equity                         2,314.8           2,316.2         (0%)



 Debt/equity ratio                        2.7               2.8         (4%)


As  of  June  30, 2012, AerCap's  portfolio  consisted of 347 aircraft that were
either  owned, on order, under  contract or letter of  intent, or managed. Total
assets were $9.3 billion at June 30, 2012, a decrease of 3% over total assets of
$9.6  billion at June  30, 2011. The net decrease  is attributed to  the sale of
AeroTurbine, which was only partially offset by new aircraft deliveries.

Notes Regarding Financial Information Presented In This Press Release

The financial information presented in this press release is not audited.

The  following is a definition  of non-GAAP measures used  in this press release
and a reconciliation of such measure to the most closely related GAAP measure:

Adjusted  net  income  and  adjusted  earnings  per  share.  These  measures are
determined  by adding non-cash  charges related to  the mark-to-market losses on
our  interest  rate  caps  and  share  based  compensation during the applicable
period,  net of related tax benefits, to  GAAP net income. The average number of
shares is based on a daily average.

In addition to GAAP net income and earnings per share, we believe these measures
may  provide investors  with supplemental  information regarding our operational
performance  and  may  further  assist  investors  in their understanding of our
operational performance in relation to past and future reporting periods. We use
interest  rate caps to  allow us to  benefit from decreasing  interest rates and
protect  against the  negative impact  of rising  interest rates on our floating
rate  debt. Management  determines the  appropriate level  of caps in any period
with  reference to the mix of floating and fixed cash inflows from our lease and
other  contracts. We do not apply hedge accounting to our interest rate caps. As
a result, we recognize the change in fair value of the interest rate caps in our
income statement during each period. Following is a reconciliation of net income
excluding the impact of the mark-to-market of interest rate caps and share-based
compensation  to net  income for  the three-  and six  -month periods ended June
30, 2012 and 2011:

                       Three months ended                Six months ended
                            June 30,                         June 30,
             -------------------------------- -------------------------------
                                     %                                %
                                  increase/                        increase/
                2012       2011   (decrease)     2012      2011    (decrease)
             --------   -------- ------------ --------- --------- -----------


 Net income      $ 29.6     $ 30.8         (4%)   $  94.6   $ 102.9       (8%)

 Plus: mark-to-
 market of
 interest rate
 caps, net of
 tax                7.0       18.9        (63%)       9.8      20.3      (52%)

   share-based
   compensation,
   net of tax       1.7        1.7           0%       3.0       3.4      (12%)
             --------   -------- ------------ --------- --------- -----------
 Net income
 excluding the
 impact of mark-
 to-market of
 interest rate
 caps and share-
 based
 compensation.     38.3 (a)   51.4        (25%)     107.4     126.6      (15%)
             --------   -------- ------------ --------- --------- -----------

(a)  Second quarter 2012 adjusted net income  of $59.2 million also excludes the
non-recurring  charges to interest  expense from the  early repayment of secured
loans of $20.9 million, net of tax.
(b)  Second quarter 2011 adjusted net income  of $72.8 million also excludes the
one-time  charge  relating  to  the  buy-out  of the Genesis portfolio servicing
rights of $21.4 million, net of tax.

Net  interest  margin,  or  net  spread  (refer  to  second  table under Revenue
breakdown section of this press release). This measure is the difference between
basic  lease rents and  interest expense excluding  the impact from the mark-to-
market  of  interest  rate  caps.  We  believe  this  measure may further assist
investors  in  their  understanding  of  the  changes  and trends related to the
earnings  of  our  leasing  activities.  This  measure  reflects the impact from
changes  in the  number of  aircraft leased,  lease rates, utilization rates, as
well  as the impact from the use of interest rate caps instead of swaps to hedge
our  interest rate risk. The reconciliation of net spread to basic rents for the
three month periods ended June 30, 2012 and 2011 is included above.

Conference Call

In  connection  with  the  earnings  release,  management  will host an earnings
conference call today, Tuesday, August 7, 2012 at 9:30 am Eastern Time / 3:30 pm
Central  European Time. The  call can be  accessed live by dialing (U.S./Canada)
1-480-629-9692 or  (International) +31-20-794-8504 and  referencing code 4542879
at  least  5 minutes  before  start  time,  or  by  visiting AerCap's website at
 www.aercap.com under "Investor Relations".

The  webcast replay will be archived in  the "Investor Relations" section of the
company's website for one year.

To      participate     in     either     event,     please     register     at:
 client.sharedvalue.net/AerCap/Q212

For    further    information,    contact    Peter    Wortel:   +31 20 655 9658
(pwortel@aercap.com)
or Mark Walter (Shared Value): +44 (0)20 7321 5039 (aercap@sharedvalue.net).

About AerCap Holdings N.V.

AerCap  is the world's leading independent  aircraft leasing company and has one
of  the youngest fleets  in the industry.  AerCap is a  New York Stock Exchange-
listed  company (AER) headquartered in The  Netherlands with offices in Ireland,
the United States, China, Singapore and the United Arab Emirates.

Forward Looking Statements

This  press release  contains certain  statements, estimates  and forecasts with
respect  to  future  performance  and  events.  These  statements, estimates and
forecasts  are  "forward-looking  statements".  In  some  cases, forward-looking
statements  can be identified by the  use of forward-looking terminology such as
"may,"  "might," "should," "expect," "plan," "intend," "estimate," 
"anticipate," "believe,"  "predict,"  "potential"  or  "continue" 
or the negatives thereof or
variations  thereon or similar terminology. All statements other than statements
of historical fact included in this press release are forward-looking statements
and are based on various underlying assumptions and expectations and are subject
to   known  and  unknown  risks,  uncertainties  and  assumptions,  may  include
projections  of our future financial performance  based on our growth strategies
and  anticipated trends in  our business. These  statements are only predictions
based on our current expectations and projections about future events. There are
important  factors  that  could  cause  our  actual  results,  level of activity
performance  or achievements  to differ  materially from  the results,  level of
activity,  performance  or  achievements  expressed  or  implied in the forward-
looking  statements. As a  result, there can  be no assurance  that the forward-
looking  statements included in this press release  will prove to be accurate or
correct.  In light  of these  risks, uncertainties  and assumptions,  the future
performance  or events described in the forward-looking statements in this press
release  might not occur. Accordingly, you  should not rely upon forward-looking
statements  as  a  prediction  of  actual  results  and  we  do  not  assume any
responsibility  for the accuracy or completeness of any of these forward-looking
statements.  We do  not undertake  any obligation  to, and  will not, update any
forward-looking  statements,  whether  as  a  result  of new information, future
events or otherwise.

For  more information regarding AerCap and to be added to our email distribution
list, please visit  www.aercap.com.


                          Financial Statements Follow


AerCap Holdings N.V.
Unaudited Consolidated Balance Sheets
(In thousands of U.S. Dollars)

                                                 December
                        June 30, 2012         31, 2011         June 30, 2011
                     ----------------- -------------------- ----------------


 Assets

 Cash and cash
 equivalents             $       474,251   $          411,081   $     344,061

 Restricted cash                 290,835              237,325         191,026

 Trade receivables,
 net of provisions                11,358               16,063          60,895

 Flight equipment held
 for operating leases,
 net                           8,027,488            7,895,874       8,158,226

 Flight equipment held
 for sale                            -                    -            26,536

 Net investment in
 direct finance leases            23,482               25,094          27,327

 Notes receivables,
 net of provisions                 4,110                5,200          14,531

 Prepayments on flight
 equipment                        71,324               95,619         129,042

 Investments                      88,694               84,079          78,345

 Goodwill                            -                    -             6,776

 Intangibles                      23,825               29,677          48,809

 Inventory                         7,167               13,953         132,796

 Derivative assets                13,102               21,050          58,873

 Deferred income taxes            85,531               91,258          85,613

 Other assets                    167,912              181,359         208,181
                      ----------------- -------------------- ----------------
 Total Assets            $     9,289,079   $        9,107,632   $   9,571,037
                      ----------------- -------------------- ----------------




 Liabilities and
 Equity



 Accounts payable        $         1,332   $            4,142   $     20,827

 Accrued expenses and
 other liabilities                76,510               74,458         86,700

 Accrued maintenance
 liability                       503,616              452,582         433,841

 Lessee deposit
 liability                       102,210              102,844         107,606

 Debt                          6,224,987 *          6,111,165       6,519,233

 Accrual for onerous
 contracts                           -                  3,971           6,739

 Deferred revenue                 44,780               47,994          48,505

 Derivative
 liabilities                      20,831               27,159          31,364
                      ----------------- -------------------- ----------------
 Total liabilities             6,974,266            6,824,315       7,254,815



 Ordinary share
 capital 0.01 par
 value (250,000,000
 ordinary shares
 authorized,
 149,232,426 ordinary
 shares issued and
 outstanding)                      1,570                1,570          1,570

 Additional paid-in
 capital                       1,343,602            1,340,205      1,336,850

 Treasury stock
 (14,923,242 ordinary
 shares)                       (162,719)            (100,000)         (1,449)

 Accumulated other
 comprehensive income
 (loss)                         (10,411)              (8,513)         (1,292)

 Accumulated retained
 earnings                      1,138,565            1,043,974         974,681
                      ----------------- -------------------- ----------------
 Total AerCap Holdings
 N.V. shareholders'
 equity                        2,310,607            2,277,236       2,310,360

 Non-controlling
 interest                          4,206                6,081           5,862
                      ----------------- -------------------- ----------------
 Total Equity                  2,314,813            2,283,317       2,316,222


                      ----------------- -------------------- ----------------
 Total Liabilities and
 Equity                  $     9,289,079   $        9,107,632   $   9,571,037
                      ----------------- -------------------- ----------------


 * Includes $64.3 million of subordinated debt received from our joint venture
 partners



 Supplemental                                        December
 information               June 30, 2012             31, 2011   June 30, 2011
                        ----------------- -------------------- --------------
 Debt/equity ratio                   2.7                  2.7           2.8

 Debt/equity ratio
 (adjusted for
 subordinated debt)                  2.6                  2.6           2.7



AerCap Holdings N.V.
Unaudited Consolidated Income Statements
(In thousands of U.S. Dollars, except share and per share data)

                       Three months ended               Six months ended
                            June 30,                        June 30,
                 ------------------------------- -------------------------
                       2012            2011            2012            2011
                 --------------- --------------- --------------- ----------


 Revenues

 Lease revenue    $     247,443   $     264,535   $     500,181   $   521,777

 Net gain on
 sale of assets             653           6,498             434         5,183

 Management fee
 revenue                  4,174           5,089           8,704        10,237

 Interest
 revenue                    324             601             946         1,181

 Other revenue              285             355             514         2,811
                 --------------- --------------- --------------- ------------
 Total Revenues         252,879         277,078         510,779       541,189



 Expenses

 Depreciation            93,087          90,818         182,115       181,243

 Asset
 impairment                 -               -               -           7,749

 Interest on
 debt                    93,654          82,916         157,621       141,617

 Operating
 lease-in costs             380           2,989           2,902         6,040

 Leasing
 expenses                17,866          18,684          36,343        29,780

 Provision for
 doubtful
 accounts                   -             2,350             -           2,311

 Selling,
 general and
 administrative
 expenses                21,718          49,413          38,046        66,247
                 --------------- --------------- --------------- ------------
 Total Expenses         226,705         247,170         417,027       434,987


                 --------------- --------------- --------------- ------------
 Income from
 continuing
 operations
 before income
 taxes and
 income of
 investments
 accounted for
 under the
 equity method           26,174          29,908          93,752       106,202



 Provision for
 income taxes           (1,619)         (1,781)         (7,497)       (7,554)

 Net income of
 investments
 accounted for
 under the
 equity method            3,725           2,517           6,462         5,171
                 --------------- --------------- --------------- ------------


 Net Income
 from
 continuing
 operations              28,280          30,644          92,717       103,819



 Income (loss)
 from
 discontinued
 operations,
 net of tax
 (AeroTurbine).             -                64             -           (582)


                 --------------- --------------- --------------- ------------
 Net income              28,280          30,708          92,717       103,237



 Net loss
 (income)
 attributable
 to non-
 controlling
 interest                 1,301             134           1,874         (306)


                 --------------- --------------- --------------- ------------
 Net Income
 attributable
 to AerCap
 Holdings N.V.    $      29,581   $      30,842   $      94,591   $   102,931
                 --------------- --------------- --------------- ------------


 Total earnings
 per share,
 basic and
 diluted          $        0.21   $        0.21   $        0.68   $     0.69



 Weighted
 average shares
 outstanding,
 basic and
 diluted            138,717,200     149,211,244     139,308,322  149,221,776



Certain reclassifications have been made to prior years Unaudited Consolidated
Income Statements to reflect the current year presentation.

AerCap Holdings N.V.
Unaudited Consolidated Statements of Cash Flows
(In thousands of U.S. Dollars)

                         Three           Three
                        months          months        Six months   Six months
                         ended           ended          ended        ended
                       June 30,        June 30,        June 30,     June 30,
                   ------------------------------- -------------------------
                         2012            2011            2012           2011
                   --------------- --------------- -------------- ----------


 Net income         $      28,280   $      30,708   $     92,717   $  103,237

 Adjustments to
 reconcile net
 income to net
 cash provided by
 operating
 activities:

 Depreciation              93,087          98,855        182,115     197,177

 Asset impairment             -             4,984            -        12,733

 Amortization of
 debt issuance
 costs                     30,426          10,097         37,541      17,548

 Amortization of
 intangibles                2,875           4,555          5,852       9,828

 Provision for
 doubtful
 accounts                     -             2,391            -         4,034

 Capitalised
 interest on pre-
 delivery
 payments                   (284)            (13)          (620)        (52)

 Net gain on sale
 of assets                  (653)         (9,316)          (434)     (8,838)

 Mark-to-market
 of non-hedged
 derivatives                7,217          13,311          3,433     (5,065)

 Deferred taxes             1,404           2,246          5,999      10,105

 Share-based
 compensation               1,932           2,029          3,397       4,302

 Changes in
 assets and
 liabilities:

   Trade
   receivables
   and notes
   receivable,
   net                      (692)         (1,294)          5,795     (15,659)

   Inventories              1,697             247          6,786        (121)

   Other assets
   and derivative
   assets                    (84)         (4,477)        (5,798)     (33,420)

   Other
   liabilities            (5,432)         (9,479)        (9,489)     (50,749)

   Deferred
   revenue                (1,865)         (2,815)        (3,214)     (10,612)
                   --------------- --------------- -------------- -----------
 Net cash
 provided by
 operating
 activities               157,908         142,029        324,080      234,448



 Purchase of
 flight equipment       (216,028)       (138,497)      (484,675)    (498,386)

 Proceeds from
 sale/disposal of
 assets                   112,688          33,408        220,655      59,351

 Prepayments on
 flight equipment         (9,636)         (7,313)       (17,842)    (15,991)

 Purchase of
 investments                  -              -               -        
 (2,500)

 Movement in
 restricted cash           12,817          18,228       (53,510)      30,558
                   --------------- --------------- -------------- ----------
 Net cash used in
 investing
 activities             (100,159)        (94,174)      (335,372)    (426,968)



 Issuance of debt         469,079         728,339        823,669    1,134,243

 Repayment of
 debt                   (420,951)       (743,344)      (710,057)    (987,153)

 Debt issuance
 costs paid              (18,362)         (9,793)       (24,288)     (24,612)

 Maintenance
 payments
 received                  32,567          18,795         72,275       52,702

 Maintenance
 payments
 returned                 (4,931)        (13,198)       (23,340)     (33,736)

 Security
 deposits
 received                   7,733          10,774         11,838       12,684

 Security
 deposits
 returned                 (9,397)        (19,233)       (11,322)     (25,950)

 Repurchase of
 shares                  (62,719)         (1,449)       (62,719)      (1,449)
                   --------------- --------------- -------------- -----------
 Net cash
 provided by
 (used in)
 financing
 activities               (6,981)        (29,109)         76,056      126,729



 Net increase
 (decrease) in
 cash and cash
 equivalents               50,768          18,746         64,764     (65,791)

 Effect of
 exchange rate
 changes                  (1,211)           2,864        (1,594)       5,402

 Cash and cash
 equivalents at
 beginning of
 period                   424,694         322,451        411,081     404,450
                   --------------- --------------- -------------- ----------
 Cash and cash
 equivalents at
 end of period      $     474,251   $     344,061   $    474,251   $ 344,061
                   --------------- --------------- -------------- ----------


For Investors:
Keith Helming
Chief Financial Officer
+31 20 655 9670
khelming@aercap.com

Peter Wortel
Investor Relations
+31 20 655 9658
pwortel@aercap.com

For Media:
Frauke Oberdieck
Corporate Communications
+31 20 655 9616
foberdieck@aercap.com

AerCap Q2 2012 Earnings: 
  http://hugin.info/149317/R/1632174/523524.pdf


This announcement is distributed by Thomson Reuters on behalf of 
Thomson Reuters clients. The owner of this announcement warrants that: 
(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
    
Source: AerCap Holdings N.V. via Thomson Reuters ONE


Aug 7, 2012

Topic: Earnings


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Article source: http://en.acnnewswire.com/Article.Asp?Art_ID=10340