The following is a summary of the AerCap Holdings (AER) Q4 2023 Earnings Call Transcript:

Financial Performance:

• AerCap reported GAAP net income of $3.1 billion and earnings per share of $13.78 for the full year.

• Adjusted net income was $2.4 billion, with an Adjusted EPS at $10.73.

• The company generated a record operating cash flow of $5.3 billion.

• Basic lease rents reached $1,576,000,000, indicating strong cash collections and rent from PBH arrangements.

• The company sold a mix of aircrafts, engines, and helicopters, generating a gain of $490 million.

• AerCap sold 35 of its owned assets and sold nearly $2.8 billion worth of assets for the full year 2023.

• AerCap reported a record Q4 with GAAP net income of $1.1 billion or $5.37 per share, including recoveries related to the Ukraine conflict of $614 million.

• Share repurchase during the fourth quarter was at 10.3 million shares at an average price of $62.86, for a total of $649 million in repurchase.

Business Progress:

• Unprecedented demand in the aircraft leasing industry persists, especially for new technology engines, aircraft, and grounded younger aircraft.

• The firm sees its stock as a valuable asset due to the current dynamics in the market and confidence in the outlook for 2024.

• AerCap announced advancements in plans for 777 cargo program development and improving conditions on engine and aircraft shop visits.

• The company announced a new $500 million share repurchase authorization, showing its confidence in future business performance.

More details: AerCap Holdings IR

Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.