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Supplemental Guarantor Financial Information (Tables) | 12 Months Ended
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Dec. 31, 2016
AerCap Aviation Notes [Member] |
Condensed Consolidated Balance Sheet | ﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Condensed Consolidating Balance Sheet
﻿ |  | December 31, 2016
﻿ |  | AerCap Holdings N.V. |  | AerCap Aviation Solutions B.V. |  | AerCap Ireland Ltd. |  | Non- Guarantors |  | Eliminations |  | Total
﻿ |  | (U.S. dollar amounts in millions)
﻿Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Cash and cash equivalents |  | $ | 4 |  | $ | — |  | $ | 835 |  | $ | 1,196 |  | $ | — |  | $ | 2,035
﻿Restricted cash |  |  | — |  |  | — |  |  | 9 |  |  | 320 |  |  | — |  |  | 329
﻿Flight equipment held for operating leases, net |  |  | — |  |  | — |  |  | 1,136 |  |  | 30,366 |  |  | — |  |  | 31,502
﻿Maintenance rights intangible and lease premium, net |  |  | — |  |  | — |  |  | 51 |  |  | 2,117 |  |  | — |  |  | 2,168
﻿Flight equipment held for sale |  |  | — |  |  | — |  |  | — |  |  | 107 |  |  | — |  |  | 107
﻿Net investment in finance and sales-type leases |  |  | — |  |  | — |  |  | — |  |  | 757 |  |  | — |  |  | 757
﻿Prepayments on flight equipment |  |  | — |  |  | — |  |  | — |  |  | 3,266 |  |  | — |  |  | 3,266
﻿Investments including investments in subsidiaries |  |  | 9,310 |  |  | — |  |  | 4,257 |  |  | 119 |  |  | (13,567) |  |  | 119
﻿Intercompany receivables |  |  | 106 |  |  | — |  |  | 8,005 |  |  | 5,726 |  |  | (13,837) |  |  | —
﻿Other assets |  |  | 104 |  |  | 10 |  |  | 440 |  |  | 951 |  |  | (168) |  |  | 1,337
﻿Total Assets |  | $ | 9,524 |  | $ | 10 |  | $ | 14,733 |  | $ | 44,925 |  | $ | (27,572) |  | $ | 41,620
﻿Liabilities and Equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Debt |  | $ | — |  | $ | 300 |  | $ | 40 |  | $ | 27,377 |  | $ | — |  | $ | 27,717
﻿Intercompany payables |  |  | 978 |  |  | 19 |  |  | 5,701 |  |  | 7,139 |  |  | (13,837) |  |  | —
﻿Other liabilities |  |  | 22 |  |  | 2 |  |  | 381 |  |  | 5,084 |  |  | (168) |  |  | 5,321
﻿Total liabilities |  |  | 1,000 |  |  | 321 |  |  | 6,122 |  |  | 39,600 |  |  | (14,005) |  |  | 33,038
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Total AerCap Holdings N.V. shareholders' equity |  |  | 8,524 |  |  | (311) |  |  | 8,611 |  |  | 5,267 |  |  | (13,567) |  |  | 8,524
﻿Non-controlling interest |  |  | — |  |  | — |  |  | — |  |  | 58 |  |  | — |  |  | 58
﻿Total Equity |  |  | 8,524 |  |  | (311) |  |  | 8,611 |  |  | 5,325 |  |  | (13,567) |  |  | 8,582
﻿Total Liabilities and Equity |  | $ | 9,524 |  | $ | 10 |  | $ | 14,733 |  | $ | 44,925 |  | $ | (27,572) |  | $ | 41,620
﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Condensed Consolidating Balance Sheet
﻿ |  | December 31, 2015
﻿ |  | AerCap Holdings N.V. |  | AerCap Aviation Solutions B.V. |  | AerCap Ireland Ltd. |  | Non- Guarantors |  | Eliminations |  | Total
﻿ |  | (U.S. dollar amounts in millions)
﻿Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Cash and cash equivalents |  | $ | 14 |  | $ | — |  | $ | 1,193 |  | $ | 1,196 |  | $ | — |  | $ | 2,403
﻿Restricted cash |  |  | — |  |  | — |  |  | 18 |  |  | 401 |  |  | — |  |  | 419
﻿Flight equipment held for operating leases, net |  |  | — |  |  | — |  |  | 1,034 |  |  | 31,185 |  |  | — |  |  | 32,219
﻿Maintenance rights intangible and lease premium, net |  |  | — |  |  | — |  |  | 80 |  |  | 3,059 |  |  | — |  |  | 3,139
﻿Flight equipment held for sale |  |  | — |  |  | — |  |  | — |  |  | 71 |  |  | — |  |  | 71
﻿Net investment in finance and sales-type leases |  |  | — |  |  | — |  |  | 22 |  |  | 447 |  |  | — |  |  | 469
﻿Prepayments on flight equipment |  |  | — |  |  | — |  |  | — |  |  | 3,300 |  |  | — |  |  | 3,300
﻿Investments including investments in subsidiaries |  |  | 8,290 |  |  | — |  |  | 3,385 |  |  | 115 |  |  | (11,675) |  |  | 115
﻿Intercompany receivables |  |  | 46 |  |  | 5 |  |  | 6,157 |  |  | 4,652 |  |  | (10,860) |  |  | —
﻿Other assets |  |  | 61 |  |  | — |  |  | 377 |  |  | 1,176 |  |  | — |  |  | 1,614
﻿Total Assets |  | $ | 8,411 |  | $ | 5 |  | $ | 12,266 |  | $ | 45,602 |  | $ | (22,535) |  | $ | 43,749
﻿Liabilities and Equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Debt |  | $ | — |  | $ | 298 |  | $ | 77 |  | $ | 29,267 |  | $ | — |  | $ | 29,642
﻿Intercompany payables |  |  | 4 |  |  | — |  |  | 4,525 |  |  | 6,331 |  |  | (10,860) |  |  | —
﻿Other liabilities |  |  | 58 |  |  | 2 |  |  | 184 |  |  | 5,437 |  |  | — |  |  | 5,681
﻿Total liabilities |  |  | 62 |  |  | 300 |  |  | 4,786 |  |  | 41,035 |  |  | (10,860) |  |  | 35,323
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Total AerCap Holdings N.V. shareholders' equity |  |  | 8,349 |  |  | (295) |  |  | 7,480 |  |  | 4,490 |  |  | (11,675) |  |  | 8,349
﻿Non-controlling interest |  |  | — |  |  | — |  |  | — |  |  | 77 |  |  | — |  |  | 77
﻿Total Equity |  |  | 8,349 |  |  | (295) |  |  | 7,480 |  |  | 4,567 |  |  | (11,675) |  |  | 8,426
﻿Total Liabilities and Equity |  | $ | 8,411 |  | $ | 5 |  | $ | 12,266 |  | $ | 45,602 |  | $ | (22,535) |  | $ | 43,749
﻿
Condensed Consolidated Income Statement |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Condensed Consolidating Income Statement
﻿ | Year Ended December 31, 2016
﻿ | AerCap Holdings N.V. |  | AerCap Aviation Solutions B.V. |  | AerCap Ireland Ltd. |  | Non- Guarantors |  | Eliminations |  | Total
﻿ | (U.S. dollar amounts in millions)
﻿Revenues and other income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Lease revenue | $ | — |  | $ | — |  | $ | 157 |  | $ | 4,711 |  | $ | — |  | $ | 4,868
﻿Net gain on sale of assets |  | — |  |  | — |  |  | — |  |  | 139 |  |  | — |  |  | 139
﻿Other income (loss) |  | 6 |  |  | — |  |  | 507 |  |  | 400 |  |  | (768) |  |  | 145
﻿Total Revenues and other income |  | 6 |  |  | — |  |  | 664 |  |  | 5,250 |  |  | (768) |  |  | 5,152
﻿Expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Depreciation and amortization |  | — |  |  | — |  |  | 64 |  |  | 1,727 |  |  | — |  |  | 1,791
﻿Asset impairment |  | — |  |  | — |  |  | — |  |  | 82 |  |  | — |  |  | 82
﻿Interest expense |  | — |  |  | 20 |  |  | 378 |  |  | 1,388 |  |  | (694) |  |  | 1,092
﻿Leasing expenses |  | — |  |  | — |  |  | 26 |  |  | 557 |  |  | — |  |  | 583
﻿Transaction, integration and restructuring related expenses |  | — |  |  | — |  |  | — |  |  | 53 |  |  | — |  |  | 53
﻿Selling, general and administrative expenses |  | 60 |  |  | — |  |  | 68 |  |  | 297 |  |  | (74) |  |  | 351
﻿Total Expenses |  | 60 |  |  | 20 |  |  | 536 |  |  | 4,104 |  |  | (768) |  |  | 3,952
﻿(Loss) income before income taxes and income of investments accounted for under the equity method |  | (54) |  |  | (20) |  |  | 128 |  |  | 1,146 |  |  | — |  |  | 1,200
﻿Provision for income taxes |  | 7 |  |  | 5 |  |  | (16) |  |  | (169) |  |  | — |  |  | (173)
﻿Equity in net earnings of investments accounted for under the equity method |  | — |  |  | — |  |  | — |  |  | 13 |  |  | — |  |  | 13
﻿Net (loss) income before income from subsidiaries |  | (47) |  |  | (15) |  |  | 112 |  |  | 990 |  |  | — |  |  | 1,040
﻿Income (loss) from subsidiaries |  | 1,094 |  |  | — |  |  | 867 |  |  | 112 |  |  | (2,073) |  |  | —
﻿Net income (loss) |  | 1,047 |  |  | (15) |  |  | 979 |  |  | 1,102 |  |  | (2,073) |  |  | 1,040
﻿Net loss attributable to non-controlling interest |  | — |  |  | — |  |  | — |  |  | 7 |  |  | — |  |  | 7
﻿Net income (loss) attributable to AerCap Holdings N.V. | $ | 1,047 |  | $ | (15) |  | $ | 979 |  | $ | 1,109 |  | $ | (2,073) |  | $ | 1,047
﻿ ﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Condensed Consolidating Income Statement
﻿ | Year Ended December 31, 2015
﻿ | AerCap Holdings N.V. |  | AerCap Aviation Solutions B.V. |  | AerCap Ireland Ltd. |  | Non- Guarantors |  | Eliminations |  | Total
﻿ | (U.S. dollar amounts in millions)
﻿Revenues and other income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Lease revenue | $ | — |  | $ | — |  | $ | 110 |  | $ | 4,882 |  | $ | — |  | $ | 4,992
﻿Net gain on sale of assets |  | — |  |  | — |  |  | 14 |  |  | 169 |  |  | — |  |  | 183
﻿Other income (loss) |  | 9 |  |  | — |  |  | 430 |  |  | 476 |  |  | (802) |  |  | 113
﻿Total Revenues and other income |  | 9 |  |  | — |  |  | 554 |  |  | 5,527 |  |  | (802) |  |  | 5,288
﻿Expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Depreciation and amortization |  | — |  |  | — |  |  | 52 |  |  | 1,791 |  |  | — |  |  | 1,843
﻿Asset impairment |  | — |  |  | — |  |  | — |  |  | 16 |  |  | — |  |  | 16
﻿Interest expense |  | 12 |  |  | 20 |  |  | 268 |  |  | 1,397 |  |  | (597) |  |  | 1,100
﻿Leasing expenses |  | — |  |  | — |  |  | 50 |  |  | 472 |  |  | — |  |  | 522
﻿Transaction, integration and restructuring related expenses |  | — |  |  | — |  |  | — |  |  | 59 |  |  | — |  |  | 59
﻿Selling, general and administrative expenses |  | 108 |  |  | — |  |  | 202 |  |  | 277 |  |  | (205) |  |  | 382
﻿Total Expenses |  | 120 |  |  | 20 |  |  | 572 |  |  | 4,012 |  |  | (802) |  |  | 3,922
﻿(Loss) income before income taxes and income of investments accounted for under the equity method |  | (111) |  |  | (20) |  |  | (18) |  |  | 1,515 |  |  | — |  |  | 1,366
﻿Provision for income taxes |  | 28 |  |  | 5 |  |  | 2 |  |  | (225) |  |  | — |  |  | (190)
﻿Equity in net earnings of investments accounted for under the equity method |  | — |  |  | — |  |  | — |  |  | 1 |  |  | — |  |  | 1
﻿Net (loss) income before income from subsidiaries |  | (83) |  |  | (15) |  |  | (16) |  |  | 1,291 |  |  | — |  |  | 1,177
﻿Income (loss) from subsidiaries |  | 1,262 |  |  | — |  |  | 1,088 |  |  | (16) |  |  | (2,334) |  |  | —
﻿Net income (loss) |  | 1,179 |  |  | (15) |  |  | 1,072 |  |  | 1,275 |  |  | (2,334) |  |  | 1,177
﻿Net loss attributable to non-controlling interest |  | — |  |  | — |  |  | — |  |  | 2 |  |  | — |  |  | 2
﻿Net income (loss) attributable to AerCap Holdings N.V. | $ | 1,179 |  | $ | (15) |  | $ | 1,072 |  | $ | 1,277 |  | $ | (2,334) |  | $ | 1,179
﻿ ﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Condensed Consolidating Income Statement
﻿ | Year Ended December 31, 2014
﻿ | AerCap Holdings N.V. |  | AerCap Aviation Solutions B.V. |  | AerCap Ireland Ltd. |  | Non- Guarantors |  | Eliminations |  | Total
﻿ | (U.S. dollar amounts in millions)
﻿Revenues and other income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Lease revenue | $ | — |  | $ | — |  | $ | 81 |  | $ | 3,369 |  | $ | — |  | $ | 3,450
﻿Net gain on sale of assets |  | — |  |  | — |  |  | 10 |  |  | 28 |  |  | — |  |  | 38
﻿Other income (loss) |  | 25 |  |  | — |  |  | 254 |  |  | 377 |  |  | (552) |  |  | 104
﻿Total Revenues and other income |  | 25 |  |  | — |  |  | 345 |  |  | 3,774 |  |  | (552) |  |  | 3,592
﻿Expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Depreciation and amortization |  | — |  |  | — |  |  | 9 |  |  | 1,273 |  |  | — |  |  | 1,282
﻿Asset impairment |  | — |  |  | — |  |  | — |  |  | 22 |  |  | — |  |  | 22
﻿Interest expense |  | 13 |  |  | 20 |  |  | 244 |  |  | 932 |  |  | (428) |  |  | 781
﻿Leasing expenses |  | — |  |  | — |  |  | 96 |  |  | 46 |  |  | — |  |  | 142
﻿Transaction, integration and restructuring related expenses |  | — |  |  | — |  |  | — |  |  | 149 |  |  | — |  |  | 149
﻿Selling, general and administrative expenses |  | 83 |  |  | — |  |  | 72 |  |  | 269 |  |  | (124) |  |  | 300
﻿Total Expenses |  | 96 |  |  | 20 |  |  | 421 |  |  | 2,691 |  |  | (552) |  |  | 2,676
﻿(Loss) income before income taxes and income of investments accounted for under the equity method |  | (71) |  |  | (20) |  |  | (76) |  |  | 1,083 |  |  | — |  |  | 916
﻿Provision for income taxes |  | (1) |  |  | — |  |  | (93) |  |  | (43) |  |  | — |  |  | (137)
﻿Equity in net earnings of investments accounted for under the equity method |  | — |  |  | — |  |  | — |  |  | 29 |  |  | — |  |  | 29
﻿Net (loss) income before income from subsidiaries |  | (72) |  |  | (20) |  |  | (169) |  |  | 1,069 |  |  | — |  |  | 808
﻿Income (loss) from subsidiaries |  | 882 |  |  | — |  |  | 869 |  |  | (169) |  |  | (1,582) |  |  | —
﻿Net income (loss) |  | 810 |  |  | (20) |  |  | 700 |  |  | 900 |  |  | (1,582) |  |  | 808
﻿Net loss attributable to non-controlling interest |  | — |  |  | — |  |  | — |  |  | 2 |  |  | — |  |  | 2
﻿Net income (loss) attributable to AerCap Holdings N.V. | $ | 810 |  | $ | (20) |  | $ | 700 |  | $ | 902 |  | $ | (1,582) |  | $ | 810
﻿
Condensed Consolidated Statements of Cash Flows |
﻿Condensed Consolidating Statement of Cash Flows
﻿ | Year Ended December 31, 2016
﻿ | AerCap Holdings N.V. |  | AerCap Aviation Solutions B.V. |  | AerCap Ireland Ltd. |  | Non- Guarantors |  | Eliminations |  | Total
﻿ | (U.S. dollar amounts in millions)
﻿Net income (loss) | $ | 1,047 |  | $ | (15) |  | $ | 979 |  | $ | 1,102 |  | $ | (2,073) |  | $ | 1,040
﻿Adjustments to reconcile net income (loss) to net cash provided by operating activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿(Income) loss from subsidiaries |  | (1,094) |  |  | — |  |  | (867) |  |  | (112) |  |  | 2,073 |  |  | —
﻿Depreciation and amortization |  | — |  |  | — |  |  | 64 |  |  | 1,727 |  |  | — |  |  | 1,791
﻿Asset impairment |  | — |  |  | — |  |  | — |  |  | 82 |  |  | — |  |  | 82
﻿Amortization of debt issuance costs and debt discount |  | — |  |  | 1 |  |  | 2 |  |  | 53 |  |  | — |  |  | 56
﻿Amortization of lease premium intangibles |  | — |  |  | — |  |  | — |  |  | 20 |  |  | — |  |  | 20
﻿Amortization of fair value adjustments on debt |  | — |  |  | — |  |  | — |  |  | (336) |  |  | — |  |  | (336)
﻿Accretion of fair value adjustments on deposits and maintenance liabilities |  | — |  |  | — |  |  | 1 |  |  | 54 |  |  | — |  |  | 55
﻿Maintenance rights write off |  | — |  |  | — |  |  | 23 |  |  | 629 |  |  | — |  |  | 652
﻿Maintenance liability release to income |  | — |  |  | — |  |  | (19) |  |  | (402) |  |  | — |  |  | (421)
﻿Net gain on sale of assets |  | — |  |  | — |  |  | — |  |  | (139) |  |  | — |  |  | (139)
﻿Deferred income taxes |  | (7) |  |  | (5) |  |  | 16 |  |  | 157 |  |  | — |  |  | 161
﻿Restructuring expenses |  | — |  |  | — |  |  | — |  |  | 34 |  |  | — |  |  | 34
﻿Other |  | 63 |  |  | — |  |  | (20) |  |  | 79 |  |  | — |  |  | 122
﻿Cash flow from operating activities before changes in working capital |  | 9 |  |  | (19) |  |  | 179 |  |  | 2,948 |  |  | — |  |  | 3,117
﻿Working capital |  | 1,002 |  |  | 19 |  |  | (380) |  |  | (377) |  |  | — |  |  | 264
﻿Net cash provided by (used in) operating activities |  | 1,011 |  |  | — |  |  | (201) |  |  | 2,571 |  |  | — |  |  | 3,381
﻿Purchase of flight equipment |  | — |  |  | — |  |  | (299) |  |  | (2,594) |  |  | — |  |  | (2,893)
﻿Proceeds from sale or disposal of assets |  | — |  |  | — |  |  | 142 |  |  | 2,225 |  |  | — |  |  | 2,367
﻿Prepayments on flight equipment |  | — |  |  | — |  |  | — |  |  | (947) |  |  | — |  |  | (947)
﻿Collections of finance and sales-type leases |  | — |  |  | — |  |  | — |  |  | 74 |  |  | — |  |  | 74
﻿Movement in restricted cash |  | — |  |  | — |  |  | 9 |  |  | 81 |  |  | — |  |  | 90
﻿Other |  | — |  |  | — |  |  | (22) |  |  | — |  |  | — |  |  | (22)
﻿Net cash used in investing activities |  | — |  |  | — |  |  | (170) |  |  | (1,161) |  |  | — |  |  | (1,331)
﻿Issuance of debt |  | — |  |  | — |  |  | — |  |  | 3,642 |  |  | — |  |  | 3,642
﻿Repayment of debt |  | — |  |  | — |  |  | (9) |  |  | (5,205) |  |  | — |  |  | (5,214)
﻿Debt issuance costs paid |  | — |  |  | — |  |  | (2) |  |  | (33) |  |  | — |  |  | (35)
﻿Maintenance payments received |  | — |  |  | — |  |  | 38 |  |  | 758 |  |  | — |  |  | 796
﻿Maintenance payments returned |  | — |  |  | — |  |  | (30) |  |  | (475) |  |  | — |  |  | (505)
﻿Security deposits received |  | — |  |  | — |  |  | 20 |  |  | 182 |  |  | — |  |  | 202
﻿Security deposits returned |  | — |  |  | — |  |  | (3) |  |  | (268) |  |  | — |  |  | (271)
﻿Dividend paid to non-controlling interest holders |  | — |  |  | — |  |  | — |  |  | (11) |  |  | — |  |  | (11)
﻿Repurchase of shares and tax withholdings on share-based compensation |  | (1,021) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (1,021)
﻿Net cash (used in) provided by financing activities |  | (1,021) |  |  | — |  |  | 14 |  |  | (1,410) |  |  | — |  |  | (2,417)
﻿Net decrease in cash and cash equivalents |  | (10) |  |  | — |  |  | (357) |  |  | — |  |  | — |  |  | (367)
﻿Effect of exchange rate changes |  | — |  |  | — |  |  | (1) |  |  | — |  |  | — |  |  | (1)
﻿Cash and cash equivalents at beginning of period |  | 14 |  |  | — |  |  | 1,193 |  |  | 1,196 |  |  | — |  |  | 2,403
﻿Cash and cash equivalents at end of period | $ | 4 |  | $ | — |  | $ | 835 |  | $ | 1,196 |  | $ | — |  | $ | 2,035
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Condensed Consolidating Statement of Cash Flows
﻿ | Year Ended December 31, 2015
﻿ | AerCap Holdings N.V. |  | AerCap Aviation Solutions B.V. |  | AerCap Ireland Ltd. |  | Non- Guarantors |  | Eliminations |  | Total
﻿ | (U.S. dollar amounts in millions)
﻿Net income (loss) | $ | 1,179 |  | $ | (15) |  | $ | 1,072 |  | $ | 1,275 |  | $ | (2,334) |  | $ | 1,177
﻿Adjustments to reconcile net income (loss) to net cash provided by operating activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿(Income) loss from subsidiaries |  | (1,262) |  |  | — |  |  | (1,088) |  |  | 16 |  |  | 2,334 |  |  | —
﻿Depreciation and amortization |  | — |  |  | — |  |  | 52 |  |  | 1,791 |  |  | — |  |  | 1,843
﻿Asset impairment |  | — |  |  | — |  |  | — |  |  | 16 |  |  | — |  |  | 16
﻿Amortization of debt issuance costs and debt discount |  | 1 |  |  | 1 |  |  | 9 |  |  | 35 |  |  | — |  |  | 46
﻿Amortization of lease premium intangibles |  | — |  |  | — |  |  | — |  |  | 23 |  |  | — |  |  | 23
﻿Amortization of fair value adjustments on debt |  | — |  |  | — |  |  | — |  |  | (443) |  |  | — |  |  | (443)
﻿Accretion of fair value adjustments on deposits and maintenance liabilities |  | — |  |  | — |  |  | 1 |  |  | 75 |  |  | — |  |  | 76
﻿Maintenance rights write off |  | — |  |  | — |  |  | 7 |  |  | 622 |  |  | — |  |  | 629
﻿Maintenance liability release to income |  | — |  |  | — |  |  | (4) |  |  | (240) |  |  | — |  |  | (244)
﻿Net gain on sale of assets |  | — |  |  | — |  |  | (14) |  |  | (169) |  |  | — |  |  | (183)
﻿Deferred income taxes |  | (28) |  |  | (5) |  |  | (2) |  |  | 145 |  |  | — |  |  | 110
﻿Restructuring expenses |  | — |  |  | — |  |  | — |  |  | 49 |  |  | — |  |  | 49
﻿Other |  | 64 |  |  | — |  |  | 26 |  |  | — |  |  | — |  |  | 90
﻿Cash flow from operating activities before changes in working capital |  | (46) |  |  | (19) |  |  | 59 |  |  | 3,195 |  |  | — |  |  | 3,189
﻿Working capital |  | 846 |  |  | 19 |  |  | 537 |  |  | (1,231) |  |  | — |  |  | 171
﻿Net cash provided by operating activities |  | 800 |  |  | — |  |  | 596 |  |  | 1,964 |  |  | — |  |  | 3,360
﻿Purchase of flight equipment |  | — |  |  | — |  |  | (299) |  |  | (2,473) |  |  | — |  |  | (2,772)
﻿Proceeds from sale or disposal of assets |  | — |  |  | — |  |  | 94 |  |  | 1,474 |  |  | — |  |  | 1,568
﻿Prepayments on flight equipment |  | — |  |  | — |  |  | — |  |  | (792) |  |  | — |  |  | (792)
﻿Collections of finance and sales-type leases |  | — |  |  | — |  |  | 3 |  |  | 52 |  |  | — |  |  | 55
﻿Movement in restricted cash |  | — |  |  | — |  |  | (11) |  |  | 309 |  |  | — |  |  | 298
﻿Other |  | — |  |  | — |  |  | — |  |  | (73) |  |  | — |  |  | (73)
﻿Net cash used in investing activities |  | — |  |  | — |  |  | (213) |  |  | (1,503) |  |  | — |  |  | (1,716)
﻿Issuance of debt |  | 300 |  |  | — |  |  | — |  |  | 3,614 |  |  | — |  |  | 3,914
﻿Repayment of debt |  | (300) |  |  | — |  |  | (8) |  |  | (3,736) |  |  | — |  |  | (4,044)
﻿Debt issuance costs paid |  | — |  |  | — |  |  | (1) |  |  | (48) |  |  | — |  |  | (49)
﻿Maintenance payments received |  | — |  |  | — |  |  | 19 |  |  | 757 |  |  | — |  |  | 776
﻿Maintenance payments returned |  | — |  |  | — |  |  | (20) |  |  | (538) |  |  | — |  |  | (558)
﻿Security deposits received |  | — |  |  | — |  |  | 20 |  |  | 151 |  |  | — |  |  | 171
﻿Security deposits returned |  | — |  |  | — |  |  | (7) |  |  | (137) |  |  | — |  |  | (144)
﻿Repurchase of shares and tax withholdings on share-based compensation |  | (794) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (794)
﻿Net cash (used in) provided by financing activities |  | (794) |  |  | — |  |  | 3 |  |  | 63 |  |  | — |  |  | (728)
﻿Net increase in cash and cash equivalents |  | 6 |  |  | — |  |  | 386 |  |  | 524 |  |  | — |  |  | 916
﻿Effect of exchange rate changes |  | 1 |  |  | — |  |  | (9) |  |  | 5 |  |  | — |  |  | (3)
﻿Cash and cash equivalents at beginning of period |  | 7 |  |  | — |  |  | 816 |  |  | 667 |  |  | — |  |  | 1,490
﻿Cash and cash equivalents at end of period | $ | 14 |  | $ | — |  | $ | 1,193 |  | $ | 1,196 |  | $ | — |  | $ | 2,403
﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Condensed Consolidating Statement of Cash Flows
﻿ | Year Ended December 31, 2014
﻿ | AerCap Holdings N.V. |  | AerCap Aviation Solutions B.V. |  | AerCap Ireland Ltd. |  | Non- Guarantors |  | Eliminations |  | Total
﻿ | (U.S. dollar amounts in millions)
﻿Net income (loss) | $ | 810 |  | $ | (20) |  | $ | 700 |  | $ | 900 |  | $ | (1,582) |  | $ | 808
﻿Adjustments to reconcile net income (loss) to net cash provided by operating activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿(Income) loss from subsidiaries |  | (882) |  |  | — |  |  | (869) |  |  | 169 |  |  | 1,582 |  |  | —
﻿Dividend received |  | — |  |  | — |  |  | 12 |  |  | — |  |  | (12) |  |  | —
﻿Depreciation and amortization |  | — |  |  | — |  |  | 9 |  |  | 1,273 |  |  | — |  |  | 1,282
﻿Asset impairment |  | — |  |  | — |  |  | — |  |  | 22 |  |  | — |  |  | 22
﻿Amortization of debt issuance costs and debt discount |  | 3 |  |  | 1 |  |  | — |  |  | 82 |  |  | — |  |  | 86
﻿Amortization of lease premium intangibles |  | — |  |  | — |  |  | — |  |  | 18 |  |  | — |  |  | 18
﻿Amortization of fair value adjustments on debt |  | — |  |  | — |  |  | — |  |  | (331) |  |  | — |  |  | (331)
﻿Accretion of fair value adjustments on deposits and maintenance liabilities |  | — |  |  | — |  |  | — |  |  | 72 |  |  | — |  |  | 72
﻿Maintenance rights write off |  | — |  |  | — |  |  | — |  |  | 131 |  |  | — |  |  | 131
﻿Maintenance liability release to income |  | — |  |  | — |  |  | — |  |  | (92) |  |  | — |  |  | (92)
﻿Net gain on sale of assets |  | — |  |  | — |  |  | (10) |  |  | (27) |  |  | — |  |  | (37)
﻿Deferred income taxes |  | — |  |  | — |  |  | 93 |  |  | 23 |  |  | — |  |  | 116
﻿Other |  | 43 |  |  | — |  |  | 7 |  |  | 52 |  |  | — |  |  | 102
﻿Cash flow from operating activities before changes in working capital |  | (26) |  |  | (19) |  |  | (58) |  |  | 2,292 |  |  | (12) |  |  | 2,177
﻿Working capital |  | 163 |  |  | 19 |  |  | 1,131 |  |  | (1,176) |  |  | — |  |  | 137
﻿Net cash provided by (used in) operating activities |  | 137 |  |  | — |  |  | 1,073 |  |  | 1,116 |  |  | (12) |  |  | 2,314
﻿Purchase of flight equipment |  | — |  |  | — |  |  | (1,198) |  |  | (892) |  |  | — |  |  | (2,090)
﻿Proceeds from sale or disposal of assets |  | 21 |  |  | — |  |  | 737 |  |  | (188) |  |  | — |  |  | 570
﻿Prepayments on flight equipment |  | — |  |  | — |  |  | (2) |  |  | (456) |  |  | — |  |  | (458)
﻿Acquisition of ILFC, net of cash acquired |  | — |  |  | — |  |  | — |  |  | (195) |  |  | — |  |  | (195)
﻿Collections of finance and sales-type leases |  | — |  |  | — |  |  | — |  |  | 41 |  |  | — |  |  | 41
﻿Movement in restricted cash |  | — |  |  | — |  |  | 1 |  |  | 281 |  |  | — |  |  | 282
﻿Net cash provided by (used in) investing activities |  | 21 |  |  | — |  |  | (462) |  |  | (1,409) |  |  | — |  |  | (1,850)
﻿Issuance of debt |  | 75 |  |  | — |  |  | 43 |  |  | 5,294 |  |  | — |  |  | 5,412
﻿Repayment of debt |  | (225) |  |  | — |  |  | (10) |  |  | (4,592) |  |  | — |  |  | (4,827)
﻿Debt issuance costs paid |  | — |  |  | — |  |  | — |  |  | (135) |  |  | — |  |  | (135)
﻿Maintenance payments received |  | — |  |  | — |  |  | 26 |  |  | 536 |  |  | — |  |  | 562
﻿Maintenance payments returned |  | — |  |  | — |  |  | — |  |  | (286) |  |  | — |  |  | (286)
﻿Security deposits received |  | — |  |  | — |  |  | 9 |  |  | 98 |  |  | — |  |  | 107
﻿Security deposits returned |  | — |  |  | — |  |  | (2) |  |  | (97) |  |  | — |  |  | (99)
﻿Dividend paid |  | — |  |  | — |  |  | — |  |  | (12) |  |  | 12 |  |  | —
﻿Net cash (used in) provided by financing activities |  | (150) |  |  | — |  |  | 66 |  |  | 806 |  |  | 12 |  |  | 734
﻿Net increase in cash and cash equivalents |  | 8 |  |  | — |  |  | 677 |  |  | 513 |  |  | — |  |  | 1,198
﻿Effect of exchange rate changes |  | (1) |  |  | — |  |  | (1) |  |  | (2) |  |  | — |  |  | (4)
﻿Cash and cash equivalents at beginning of period |  | — |  |  | — |  |  | 140 |  |  | 156 |  |  | — |  |  | 296
﻿Cash and cash equivalents at end of period | $ | 7 |  | $ | — |  | $ | 816 |  | $ | 667 |  | $ | — |  | $ | 1,490
﻿
Condensed Consolidated Statement Of Comprehensive Income |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Condensed Consolidating Statement of Comprehensive Income
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ | Year Ended December 31, 2016
﻿ | AerCap Holdings N.V. |  | AerCap Aviation Solutions B.V. |  | AerCap Ireland Ltd. |  | Non- Guarantors |  | Eliminations |  | Total
﻿ | (U.S. dollar amounts in millions)
﻿Net income (loss) attributable to AerCap Holdings N.V. | $ | 1,047 |  | $ | (15) |  | $ | 979 |  | $ | 1,109 |  | $ | (2,073) |  | $ | 1,047
﻿Other comprehensive (loss) income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Net change in fair value of derivatives, net of tax |  | — |  |  | — |  |  | — |  |  | 6 |  |  | — |  |  | 6
﻿Actuarial loss on pension obligations, net of tax |  | — |  |  | — |  |  | (2) |  |  | — |  |  | — |  |  | (2)
﻿Total other comprehensive (loss) income |  | — |  |  | — |  |  | (2) |  |  | 6 |  |  | — |  |  | 4
﻿Total comprehensive income (loss) attributable to AerCap Holdings N.V. | $ | 1,047 |  | $ | (15) |  | $ | 977 |  | $ | 1,115 |  | $ | (2,073) |  | $ | 1,051
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Condensed Consolidating Statement of Comprehensive Income
﻿ | Year Ended December 31, 2015
﻿ | AerCap Holdings N.V. |  | AerCap Aviation Solutions B.V. |  | AerCap Ireland Ltd. |  | Non- Guarantors |  | Eliminations |  | Total
﻿ | (U.S. dollar amounts in millions)
﻿Net income (loss) attributable to AerCap Holdings N.V. | $ | 1,179 |  | $ | (15) |  | $ | 1,072 |  | $ | 1,277 |  | $ | (2,334) |  | $ | 1,179
﻿Other comprehensive income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Net change in fair value of derivatives, net of tax |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
﻿Actuarial gain on pension obligations, net of tax |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
﻿Total other comprehensive income |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
﻿Total comprehensive income (loss) attributable to AerCap Holdings N.V. | $ | 1,179 |  | $ | (15) |  | $ | 1,072 |  | $ | 1,277 |  | $ | (2,334) |  | $ | 1,179
﻿ ﻿ ﻿ ﻿ ﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Condensed Consolidating Statement of Comprehensive Income
﻿ | Year Ended December 31, 2014
﻿ | AerCap Holdings N.V. |  | AerCap Aviation Solutions B.V. |  | AerCap Ireland Ltd. |  | Non- Guarantors |  | Eliminations |  | Total
﻿ | (U.S. dollar amounts in millions)
﻿Net income (loss) attributable to AerCap Holdings N.V. | $ | 810 |  | $ | (20) |  | $ | 700 |  | $ | 902 |  | $ | (1,582) |  | $ | 810
﻿Other comprehensive income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Net change in fair value of derivatives, net of tax |  | — |  |  | — |  |  | — |  |  | 5 |  |  | — |  |  | 5
﻿Actuarial gain (loss) on pension obligations, net of tax |  | — |  |  | — |  |  | 3 |  |  | (5) |  |  | — |  |  | (2)
﻿Total other comprehensive income |  | — |  |  | — |  |  | 3 |  |  | — |  |  | — |  |  | 3
﻿Share of other comprehensive income (loss) from subsidiaries |  | 3 |  |  | — |  |  | — |  |  | — |  |  | (3) |  |  | —
﻿Total comprehensive income (loss) attributable to AerCap Holdings N.V. | $ | 813 |  | $ | (20) |  | $ | 703 |  | $ | 902 |  | $ | (1,585) |  | $ | 813
﻿
AGAT/AICDC Notes [Member] |
Condensed Consolidated Balance Sheet |
﻿Condensed Consolidating Balance Sheet
﻿ |  | December 31, 2016
﻿ |  | AerCap Holdings N.V. |  | AerCap Global Aviation Trust |  | AerCap Ireland Capital Designated Activity Company |  | Guarantors (a) |  | Non- Guarantors |  | Eliminations |  | Total
﻿ |  | (U.S. dollar amounts in millions)
﻿Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Cash and cash equivalents |  | $ | 4 |  | $ | 829 |  | $ | 64 |  | $ | 931 |  | $ | 207 |  | $ | — |  | $ | 2,035
﻿Restricted cash |  |  | — |  |  | — |  |  | — |  |  | 9 |  |  | 320 |  |  | — |  |  | 329
﻿Flight equipment held for operating leases, net |  |  | — |  |  | 11,012 |  |  | — |  |  | 1,299 |  |  | 19,191 |  |  | — |  |  | 31,502
﻿Maintenance rights intangible and lease premium, net |  |  | — |  |  | 1,190 |  |  | — |  |  | 52 |  |  | 926 |  |  | — |  |  | 2,168
﻿Flight equipment held for sale |  |  | — |  |  | 28 |  |  | — |  |  | — |  |  | 79 |  |  | — |  |  | 107
﻿Net investment in finance and sales-type leases |  |  | — |  |  | 437 |  |  | — |  |  | 166 |  |  | 154 |  |  | — |  |  | 757
﻿Prepayments on flight equipment |  |  | — |  |  | 3,006 |  |  | — |  |  | 5 |  |  | 255 |  |  | — |  |  | 3,266
﻿Investments including investments in subsidiaries |  |  | 9,310 |  |  | 874 |  |  | 7,249 |  |  | 4,941 |  |  | 119 |  |  | (22,374) |  |  | 119
﻿Intercompany receivables |  |  | 106 |  |  | 12,639 |  |  | 1 |  |  | 8,405 |  |  | 5,947 |  |  | (27,098) |  |  | —
﻿Other assets |  |  | 104 |  |  | 538 |  |  | 60 |  |  | 632 |  |  | 171 |  |  | (168) |  |  | 1,337
﻿Total Assets |  | $ | 9,524 |  | $ | 30,553 |  | $ | 7,374 |  | $ | 16,440 |  | $ | 27,369 |  | $ | (49,640) |  | $ | 41,620
﻿Liabilities and Equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Debt |  | $ | — |  | $ | 17,316 |  | $ | — |  | $ | 340 |  | $ | 10,061 |  | $ | — |  | $ | 27,717
﻿Intercompany payables |  |  | 978 |  |  | 3,726 |  |  | 5,057 |  |  | 7,067 |  |  | 10,270 |  |  | (27,098) |  |  | —
﻿Other liabilities |  |  | 22 |  |  | 2,241 |  |  | 11 |  |  | 448 |  |  | 2,767 |  |  | (168) |  |  | 5,321
﻿Total liabilities |  |  | 1,000 |  |  | 23,283 |  |  | 5,068 |  |  | 7,855 |  |  | 23,098 |  |  | (27,266) |  |  | 33,038
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Total AerCap Holdings N.V. shareholders' equity |  |  | 8,524 |  |  | 7,270 |  |  | 2,306 |  |  | 8,509 |  |  | 4,289 |  |  | (22,374) |  |  | 8,524
﻿Non-controlling interest |  |  | — |  |  | — |  |  | — |  |  | 76 |  |  | (18) |  |  | — |  |  | 58
﻿Total Equity |  |  | 8,524 |  |  | 7,270 |  |  | 2,306 |  |  | 8,585 |  |  | 4,271 |  |  | (22,374) |  |  | 8,582
﻿Total Liabilities and Equity |  | $ | 9,524 |  | $ | 30,553 |  | $ | 7,374 |  | $ | 16,440 |  | $ | 27,369 |  | $ | (49,640) |  | $ | 41,620
﻿
| (a) |  | Guarantors consist of AerCap U.S. Global Aviation LLC, AerCap Aviation Solutions B.V., AerCap Ireland Ltd. and ILFC.
﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Condensed Consolidating Balance Sheet
﻿ |  | December 31, 2015
﻿ |  | AerCap Holdings N.V. |  | AerCap Global Aviation Trust |  | AerCap Ireland Capital Designated Activity Company |  | Guarantors (a) |  | Non- Guarantors |  | Eliminations |  | Total
﻿ |  | (U.S. dollar amounts in millions)
﻿Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Cash and cash equivalents |  | $ | 14 |  | $ | 769 |  | $ | 62 |  | $ | 1,366 |  | $ | 192 |  | $ | — |  | $ | 2,403
﻿Restricted cash |  |  | — |  |  | — |  |  | — |  |  | 18 |  |  | 401 |  |  | — |  |  | 419
﻿Flight equipment held for operating leases, net |  |  | — |  |  | 13,913 |  |  | — |  |  | 1,171 |  |  | 17,135 |  |  | — |  |  | 32,219
﻿Maintenance rights intangible and lease premium, net |  |  | — |  |  | 1,789 |  |  | — |  |  | 82 |  |  | 1,268 |  |  | — |  |  | 3,139
﻿Flight equipment held for sale |  |  | — |  |  | 12 |  |  | — |  |  | — |  |  | 59 |  |  | — |  |  | 71
﻿Net investment in finance and sales-type leases |  |  | — |  |  | 193 |  |  | — |  |  | 57 |  |  | 219 |  |  | — |  |  | 469
﻿Prepayments on flight equipment |  |  | — |  |  | 3,022 |  |  | — |  |  | 6 |  |  | 272 |  |  | — |  |  | 3,300
﻿Investments including investments in subsidiaries |  |  | 8,290 |  |  | 633 |  |  | 6,319 |  |  | 4,211 |  |  | 115 |  |  | (19,453) |  |  | 115
﻿Intercompany receivables |  |  | 46 |  |  | 11,541 |  |  | — |  |  | 6,152 |  |  | 5,739 |  |  | (23,478) |  |  | —
﻿Other assets |  |  | 61 |  |  | 619 |  |  | 41 |  |  | 580 |  |  | 342 |  |  | (29) |  |  | 1,614
﻿Total Assets |  | $ | 8,411 |  | $ | 32,491 |  | $ | 6,422 |  | $ | 13,643 |  | $ | 25,742 |  | $ | (42,960) |  | $ | 43,749
﻿Liabilities and Equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Debt |  | $ | — |  | $ | 19,456 |  | $ | — |  | $ | 375 |  | $ | 9,811 |  | $ | — |  | $ | 29,642
﻿Intercompany payables |  |  | 4 |  |  | 4,025 |  |  | 4,872 |  |  | 5,473 |  |  | 9,104 |  |  | (23,478) |  |  | —
﻿Other liabilities |  |  | 58 |  |  | 2,676 |  |  | 14 |  |  | 234 |  |  | 2,728 |  |  | (29) |  |  | 5,681
﻿Total liabilities |  |  | 62 |  |  | 26,157 |  |  | 4,886 |  |  | 6,082 |  |  | 21,643 |  |  | (23,507) |  |  | 35,323
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Total AerCap Holdings N.V. shareholders' equity |  |  | 8,349 |  |  | 6,334 |  |  | 1,536 |  |  | 7,484 |  |  | 4,099 |  |  | (19,453) |  |  | 8,349
﻿Non-controlling interest |  |  | — |  |  | — |  |  | — |  |  | 77 |  |  | — |  |  | — |  |  | 77
﻿Total Equity |  |  | 8,349 |  |  | 6,334 |  |  | 1,536 |  |  | 7,561 |  |  | 4,099 |  |  | (19,453) |  |  | 8,426
﻿Total Liabilities and Equity |  | $ | 8,411 |  | $ | 32,491 |  | $ | 6,422 |  | $ | 13,643 |  | $ | 25,742 |  | $ | (42,960) |  | $ | 43,749
﻿ ﻿
| (a) |  | Guarantors consist of AerCap U.S. Global Aviation LLC, AerCap Aviation Solutions B.V., AerCap Ireland Ltd. and ILFC.
Condensed Consolidated Income Statement |
﻿Condensed Consolidating Income Statement
﻿ | Year Ended December 31, 2016
﻿ | AerCap Holdings N.V. |  | AerCap Global Aviation Trust |  | AerCap Ireland Capital Designated Activity Company |  | Guarantors (a) |  | Non- Guarantors |  | Eliminations |  | Total
﻿ | (U.S. dollar amounts in millions)
﻿Revenues and other income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Lease revenue | $ | — |  | $ | 2,058 |  | $ | — |  | $ | 205 |  | $ | 2,605 |  | $ | — |  | $ | 4,868
﻿Net gain on sale of assets |  | — |  |  | 33 |  |  | — |  |  | 6 |  |  | 100 |  |  | — |  |  | 139
﻿Other income (loss) |  | 6 |  |  | 653 |  |  | — |  |  | 552 |  |  | 359 |  |  | (1,425) |  |  | 145
﻿Total Revenues and other income |  | 6 |  |  | 2,744 |  |  | — |  |  | 763 |  |  | 3,064 |  |  | (1,425) |  |  | 5,152
﻿Expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Depreciation and amortization |  | — |  |  | 770 |  |  | — |  |  | 72 |  |  | 949 |  |  | — |  |  | 1,791
﻿Asset impairment |  | — |  |  | 32 |  |  | — |  |  | — |  |  | 50 |  |  | — |  |  | 82
﻿Interest expense |  | — |  |  | 753 |  |  | 184 |  |  | 385 |  |  | 955 |  |  | (1,185) |  |  | 1,092
﻿Leasing expenses |  | — |  |  | 290 |  |  | — |  |  | 27 |  |  | 266 |  |  | — |  |  | 583
﻿Transaction, integration and restructuring related expenses |  | — |  |  | — |  |  | — |  |  | — |  |  | 53 |  |  | — |  |  | 53
﻿Selling, general and administrative expenses |  | 60 |  |  | 120 |  |  | 1 |  |  | 102 |  |  | 308 |  |  | (240) |  |  | 351
﻿Total Expenses |  | 60 |  |  | 1,965 |  |  | 185 |  |  | 586 |  |  | 2,581 |  |  | (1,425) |  |  | 3,952
﻿(Loss) income before income taxes and income of investments accounted for under the equity method |  | (54) |  |  | 779 |  |  | (185) |  |  | 177 |  |  | 483 |  |  | — |  |  | 1,200
﻿Provision for income taxes |  | 7 |  |  | (97) |  |  | 23 |  |  | (36) |  |  | (70) |  |  | — |  |  | (173)
﻿Equity in net earnings of investments accounted for under the equity method |  | — |  |  | — |  |  | — |  |  | — |  |  | 13 |  |  | — |  |  | 13
﻿Net (loss) income before income from subsidiaries |  | (47) |  |  | 682 |  |  | (162) |  |  | 141 |  |  | 426 |  |  | — |  |  | 1,040
﻿Income (loss) from subsidiaries |  | 1,094 |  |  | 237 |  |  | 919 |  |  | 701 |  |  | (867) |  |  | (2,084) |  |  | —
﻿Net income (loss) |  | 1,047 |  |  | 919 |  |  | 757 |  |  | 842 |  |  | (441) |  |  | (2,084) |  |  | 1,040
﻿Net loss attributable to non-controlling interest |  | — |  |  | — |  |  | — |  |  | — |  |  | 7 |  |  | — |  |  | 7
﻿Net income (loss) attributable to AerCap Holdings N.V. | $ | 1,047 |  | $ | 919 |  | $ | 757 |  | $ | 842 |  | $ | (434) |  | $ | (2,084) |  | $ | 1,047
﻿ ﻿ ﻿
| (a) |  | Guarantors consist of AerCap U.S. Global Aviation LLC, AerCap Aviation Solutions B.V., AerCap Ireland Ltd. and ILFC.
﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Condensed Consolidating Income Statement
﻿ | Year Ended December 31, 2015
﻿ | AerCap Holdings N.V. |  | AerCap Global Aviation Trust |  | AerCap Ireland Capital Designated Activity Company |  | Guarantors (a) |  | Non- Guarantors |  | Eliminations |  | Total
﻿ | (U.S. dollar amounts in millions)
﻿Revenues and other income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Lease revenue | $ | — |  | $ | 2,355 |  | $ | — |  | $ | 134 |  | $ | 2,503 |  | $ | — |  | $ | 4,992
﻿Net gain on sale of assets |  | — |  |  | 168 |  |  | — |  |  | 13 |  |  | 2 |  |  | — |  |  | 183
﻿Other income (loss) |  | 9 |  |  | 599 |  |  | 14 |  |  | 479 |  |  | 319 |  |  | (1,307) |  |  | 113
﻿Total Revenues and other income |  | 9 |  |  | 3,122 |  |  | 14 |  |  | 626 |  |  | 2,824 |  |  | (1,307) |  |  | 5,288
﻿Expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Depreciation and amortization |  | — |  |  | 868 |  |  | — |  |  | 65 |  |  | 910 |  |  | — |  |  | 1,843
﻿Asset impairment |  | — |  |  | 3 |  |  | — |  |  | — |  |  | 13 |  |  | — |  |  | 16
﻿Interest expense |  | 12 |  |  | 780 |  |  | 164 |  |  | 359 |  |  | 735 |  |  | (950) |  |  | 1,100
﻿Leasing expenses |  | — |  |  | 266 |  |  | — |  |  | 61 |  |  | 195 |  |  | — |  |  | 522
﻿Transaction, integration and restructuring related expenses |  | — |  |  | — |  |  | — |  |  | 9 |  |  | 50 |  |  | — |  |  | 59
﻿Selling, general and administrative expenses |  | 108 |  |  | 112 |  |  | — |  |  | 257 |  |  | 262 |  |  | (357) |  |  | 382
﻿Total Expenses |  | 120 |  |  | 2,029 |  |  | 164 |  |  | 751 |  |  | 2,165 |  |  | (1,307) |  |  | 3,922
﻿(Loss) income before income taxes and income of investments accounted for under the equity method |  | (111) |  |  | 1,093 |  |  | (150) |  |  | (125) |  |  | 659 |  |  | — |  |  | 1,366
﻿Provision for income taxes |  | 28 |  |  | (136) |  |  | 19 |  |  | 38 |  |  | (139) |  |  | — |  |  | (190)
﻿Equity in net earnings of investments accounted for under the equity method |  | — |  |  | — |  |  | — |  |  | — |  |  | 1 |  |  | — |  |  | 1
﻿Net (loss) income before income from subsidiaries |  | (83) |  |  | 957 |  |  | (131) |  |  | (87) |  |  | 521 |  |  | — |  |  | 1,177
﻿Income (loss) from subsidiaries |  | 1,262 |  |  | 104 |  |  | 1,060 |  |  | 933 |  |  | (1,090) |  |  | (2,269) |  |  | —
﻿Net income (loss) |  | 1,179 |  |  | 1,061 |  |  | 929 |  |  | 846 |  |  | (569) |  |  | (2,269) |  |  | 1,177
﻿Net loss attributable to non-controlling interest |  | — |  |  | — |  |  | — |  |  | — |  |  | 2 |  |  | — |  |  | 2
﻿Net income (loss) attributable to AerCap Holdings N.V. | $ | 1,179 |  | $ | 1,061 |  | $ | 929 |  | $ | 846 |  | $ | (567) |  | $ | (2,269) |  | $ | 1,179
﻿ ﻿ ﻿
| (a) |  | Guarantors consist of AerCap U.S. Global Aviation LLC, AerCap Aviation Solutions B.V., AerCap Ireland Ltd. and ILFC.
﻿ ﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Condensed Consolidating Income Statement
﻿ | Year Ended December 31, 2014
﻿ | AerCap Holdings N.V. |  | AerCap Global Aviation Trust |  | AerCap Ireland Capital Designated Activity Company |  | Guarantors (a) |  | Non- Guarantors |  | Eliminations |  | Total
﻿ | (U.S. dollar amounts in millions)
﻿Revenues and other income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Lease revenue | $ | — |  | $ | 789 |  | $ | 10 |  | $ | 220 |  | $ | 2,431 |  | $ | — |  | $ | 3,450
﻿Net gain on sale of assets |  | — |  |  | 8 |  |  | — |  |  | 10 |  |  | 20 |  |  | — |  |  | 38
﻿Other income (loss) |  | 25 |  |  | 317 |  |  | — |  |  | 333 |  |  | 342 |  |  | (913) |  |  | 104
﻿Total Revenues and other income |  | 25 |  |  | 1,114 |  |  | 10 |  |  | 563 |  |  | 2,793 |  |  | (913) |  |  | 3,592
﻿Expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Depreciation and amortization |  | — |  |  | 501 |  |  | — |  |  | 53 |  |  | 728 |  |  | — |  |  | 1,282
﻿Asset impairment |  | — |  |  | 3 |  |  | — |  |  | — |  |  | 19 |  |  | — |  |  | 22
﻿Interest expense |  | 13 |  |  | 443 |  |  | 18 |  |  | 317 |  |  | 715 |  |  | (725) |  |  | 781
﻿Leasing expenses |  | — |  |  | (446) |  |  | 11 |  |  | 124 |  |  | 453 |  |  | — |  |  | 142
﻿Transaction, integration and restructuring related expenses |  | — |  |  | — |  |  | 94 |  |  | 26 |  |  | 29 |  |  | — |  |  | 149
﻿Selling, general and administrative expenses |  | 83 |  |  | 80 |  |  | 3 |  |  | 142 |  |  | 180 |  |  | (188) |  |  | 300
﻿Total Expenses |  | 96 |  |  | 581 |  |  | 126 |  |  | 662 |  |  | 2,124 |  |  | (913) |  |  | 2,676
﻿(Loss) income before income taxes and income of investments accounted for under the equity method |  | (71) |  |  | 533 |  |  | (116) |  |  | (99) |  |  | 669 |  |  | — |  |  | 916
﻿Provision for income taxes |  | (1) |  |  | (56) |  |  | 10 |  |  | (33) |  |  | (57) |  |  | — |  |  | (137)
﻿Equity in net earnings of investments accounted for under the equity method |  | — |  |  | — |  |  | — |  |  | — |  |  | 29 |  |  | — |  |  | 29
﻿Net (loss) income before income from subsidiaries |  | (72) |  |  | 477 |  |  | (106) |  |  | (132) |  |  | 641 |  |  | — |  |  | 808
﻿Income (loss) from subsidiaries |  | 882 |  |  | 205 |  |  | 683 |  |  | 988 |  |  | 79 |  |  | (2,837) |  |  | —
﻿Net income (loss) |  | 810 |  |  | 682 |  |  | 577 |  |  | 856 |  |  | 720 |  |  | (2,837) |  |  | 808
﻿Net loss attributable to non-controlling interest |  | — |  |  | — |  |  | — |  |  | — |  |  | 2 |  |  | — |  |  | 2
﻿Net income (loss) attributable to AerCap Holdings N.V. | $ | 810 |  | $ | 682 |  | $ | 577 |  | $ | 856 |  | $ | 722 |  | $ | (2,837) |  | $ | 810
﻿ ﻿ ﻿ ﻿
| (a) |  | Guarantors consist of AerCap U.S. Global Aviation LLC, AerCap Aviation Solutions B.V., AerCap Ireland Ltd. and ILFC. ILFC was acquired on May 14, 2014 and is not included prior to its acquisition date.
Condensed Consolidated Statements of Cash Flows |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Condensed Consolidating Statement of Cash Flows
﻿ | Year Ended December 31, 2016
﻿ | AerCap Holdings N.V. |  | AerCap Global Aviation Trust |  | AerCap Ireland Capital Designated Activity Company |  | Guarantors (a) |  | Non- Guarantors |  | Eliminations |  | Total
﻿ | (U.S. dollar amounts in millions)
﻿Net income (loss) | $ | 1,047 |  | $ | 919 |  | $ | 757 |  | $ | 842 |  | $ | (441) |  | $ | (2,084) |  | $ | 1,040
﻿Adjustments to reconcile net income (loss) to net cash provided by operating activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿(Income) loss from subsidiaries |  | (1,094) |  |  | (237) |  |  | (919) |  |  | (701) |  |  | 867 |  |  | 2,084 |  |  | —
﻿Depreciation and amortization |  | — |  |  | 770 |  |  | — |  |  | 72 |  |  | 949 |  |  | — |  |  | 1,791
﻿Asset impairment |  | — |  |  | 32 |  |  | — |  |  | — |  |  | 50 |  |  | — |  |  | 82
﻿Amortization of debt issuance costs and debt discount |  | — |  |  | 13 |  |  | 5 |  |  | 4 |  |  | 34 |  |  | — |  |  | 56
﻿Amortization of lease premium intangibles |  | — |  |  | 7 |  |  | — |  |  | — |  |  | 13 |  |  | — |  |  | 20
﻿Amortization of fair value adjustments on debt |  | — |  |  | (330) |  |  | — |  |  | — |  |  | (6) |  |  | — |  |  | (336)
﻿Accretion of fair value adjustments on deposits and maintenance liabilities |  | — |  |  | 33 |  |  | — |  |  | 2 |  |  | 20 |  |  | — |  |  | 55
﻿Maintenance rights write off |  | — |  |  | 395 |  |  | — |  |  | 22 |  |  | 235 |  |  | — |  |  | 652
﻿Maintenance liability release to income |  | — |  |  | (206) |  |  | — |  |  | (19) |  |  | (196) |  |  | — |  |  | (421)
﻿Net gain on sale of assets |  | — |  |  | (33) |  |  | — |  |  | (6) |  |  | (100) |  |  | — |  |  | (139)
﻿Deferred income taxes |  | (7) |  |  | 98 |  |  | (22) |  |  | 28 |  |  | 64 |  |  | — |  |  | 161
﻿Restructuring expenses |  | — |  |  | — |  |  | — |  |  | — |  |  | 34 |  |  | — |  |  | 34
﻿Other |  | 63 |  |  | 13 |  |  | — |  |  | (7) |  |  | 53 |  |  | — |  |  | 122
﻿Cash flow from operating activities before changes in working capital |  | 9 |  |  | 1,474 |  |  | (179) |  |  | 237 |  |  | 1,576 |  |  | — |  |  | 3,117
﻿Working capital |  | 1,002 |  |  | 911 |  |  | 181 |  |  | (545) |  |  | (1,285) |  |  | — |  |  | 264
﻿Net cash provided by (used in) operating activities |  | 1,011 |  |  | 2,385 |  |  | 2 |  |  | (308) |  |  | 291 |  |  | — |  |  | 3,381
﻿Purchase of flight equipment |  | — |  |  | (594) |  |  | — |  |  | (298) |  |  | (2,001) |  |  | — |  |  | (2,893)
﻿Proceeds from sale or disposal of assets |  | — |  |  | 998 |  |  | — |  |  | 158 |  |  | 1,211 |  |  | — |  |  | 2,367
﻿Prepayments on flight equipment |  | — |  |  | (937) |  |  | — |  |  | (9) |  |  | (1) |  |  | — |  |  | (947)
﻿Collections of finance and sales-type leases |  | — |  |  | 26 |  |  | — |  |  | 22 |  |  | 26 |  |  | — |  |  | 74
﻿Movement in restricted cash |  | — |  |  | — |  |  | — |  |  | 9 |  |  | 81 |  |  | — |  |  | 90
﻿Other |  | — |  |  | — |  |  | — |  |  | (22) |  |  | — |  |  | — |  |  | (22)
﻿Net cash used in investing activities |  | — |  |  | (507) |  |  | — |  |  | (140) |  |  | (684) |  |  | — |  |  | (1,331)
﻿Issuance of debt |  | — |  |  | 1,012 |  |  | 35 |  |  | — |  |  | 2,595 |  |  | — |  |  | 3,642
﻿Repayment of debt |  | — |  |  | (2,825) |  |  | (35) |  |  | (8) |  |  | (2,346) |  |  | — |  |  | (5,214)
﻿Debt issuance costs paid |  | — |  |  | (9) |  |  | — |  |  | (2) |  |  | (24) |  |  | — |  |  | (35)
﻿Maintenance payments received |  | — |  |  | 292 |  |  | — |  |  | 39 |  |  | 465 |  |  | — |  |  | 796
﻿Maintenance payments returned |  | — |  |  | (234) |  |  | — |  |  | (30) |  |  | (241) |  |  | — |  |  | (505)
﻿Security deposits received |  | — |  |  | 57 |  |  | — |  |  | 25 |  |  | 120 |  |  | — |  |  | 202
﻿Security deposits returned |  | — |  |  | (111) |  |  | — |  |  | (10) |  |  | (150) |  |  | — |  |  | (271)
﻿Dividend paid to non-controlling interest holders |  | — |  |  | — |  |  | — |  |  | — |  |  | (11) |  |  | — |  |  | (11)
﻿Repurchase of shares and tax withholdings on share-based compensation |  | (1,021) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (1,021)
﻿Net cash (used in) provided by financing activities |  | (1,021) |  |  | (1,818) |  |  | — |  |  | 14 |  |  | 408 |  |  | — |  |  | (2,417)
﻿Net (decrease) increase in cash and cash equivalents |  | (10) |  |  | 60 |  |  | 2 |  |  | (434) |  |  | 15 |  |  | — |  |  | (367)
﻿Effect of exchange rate changes |  | — |  |  | — |  |  | — |  |  | (1) |  |  | — |  |  | — |  |  | (1)
﻿Cash and cash equivalents at beginning of period |  | 14 |  |  | 769 |  |  | 62 |  |  | 1,366 |  |  | 192 |  |  | — |  |  | 2,403
﻿Cash and cash equivalents at end of period | $ | 4 |  |  | 829 |  |  | 64 |  |  | 931 |  |  | 207 |  |  | — |  | $ | 2,035
﻿ ﻿
| (a) |  | Guarantors consist of AerCap U.S. Global Aviation LLC, AerCap Aviation Solutions B.V., AerCap Ireland Ltd. and ILFC.
﻿ ﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Condensed Consolidating Statement of Cash Flows
﻿ | Year Ended December 31, 2015
﻿ | AerCap Holdings N.V. |  | AerCap Global Aviation Trust |  | AerCap Ireland Capital Designated Activity Company |  | Guarantors (a) |  | Non- Guarantors |  | Eliminations |  | Total
﻿ | (U.S. dollar amounts in millions)
﻿Net income (loss) | $ | 1,179 |  | $ | 1,061 |  | $ | 929 |  | $ | 846 |  | $ | (569) |  | $ | (2,269) |  | $ | 1,177
﻿Adjustments to reconcile net income (loss) to net cash provided by operating activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿(Income) loss from subsidiaries |  | (1,262) |  |  | (104) |  |  | (1,060) |  |  | (933) |  |  | 1,090 |  |  | 2,269 |  |  | —
﻿Depreciation and amortization |  | — |  |  | 868 |  |  | — |  |  | 65 |  |  | 910 |  |  | — |  |  | 1,843
﻿Asset impairment |  | — |  |  | 3 |  |  | — |  |  | — |  |  | 13 |  |  | — |  |  | 16
﻿Amortization of debt issuance costs and debt discount |  | 1 |  |  | 10 |  |  | 5 |  |  | 10 |  |  | 20 |  |  | — |  |  | 46
﻿Amortization of lease premium intangibles |  | — |  |  | 7 |  |  | — |  |  | — |  |  | 16 |  |  | — |  |  | 23
﻿Amortization of fair value adjustments on debt |  | — |  |  | (435) |  |  | — |  |  | — |  |  | (8) |  |  | — |  |  | (443)
﻿Accretion of fair value adjustments on deposits and maintenance liabilities |  | — |  |  | 65 |  |  | — |  |  | 1 |  |  | 10 |  |  | — |  |  | 76
﻿Maintenance rights write off |  | — |  |  | 350 |  |  | — |  |  | 17 |  |  | 262 |  |  | — |  |  | 629
﻿Maintenance liability release to income |  | — |  |  | (141) |  |  | — |  |  | (8) |  |  | (95) |  |  | — |  |  | (244)
﻿Net gain on sale of assets |  | — |  |  | (168) |  |  | — |  |  | (13) |  |  | (2) |  |  | — |  |  | (183)
﻿Deferred income taxes |  | (28) |  |  | 136 |  |  | (19) |  |  | (38) |  |  | 59 |  |  | — |  |  | 110
﻿Restructuring expenses |  | — |  |  | — |  |  | — |  |  | — |  |  | 49 |  |  | — |  |  | 49
﻿Other |  | 64 |  |  | (36) |  |  | — |  |  | 34 |  |  | 28 |  |  | — |  |  | 90
﻿Cash flow from operating activities before changes in working capital |  | (46) |  |  | 1,616 |  |  | (145) |  |  | (19) |  |  | 1,783 |  |  | — |  |  | 3,189
﻿Working capital |  | 846 |  |  | (587) |  |  | 193 |  |  | 618 |  |  | (899) |  |  | — |  |  | 171
﻿Net cash provided by operating activities |  | 800 |  |  | 1,029 |  |  | 48 |  |  | 599 |  |  | 884 |  |  | — |  |  | 3,360
﻿Purchase of flight equipment |  | — |  |  | (1,476) |  |  | — |  |  | (299) |  |  | (997) |  |  | — |  |  | (2,772)
﻿Proceeds from sale or disposal of assets |  | — |  |  | 1,083 |  |  | — |  |  | 94 |  |  | 391 |  |  | — |  |  | 1,568
﻿Prepayments on flight equipment |  | — |  |  | (585) |  |  | — |  |  | — |  |  | (207) |  |  | — |  |  | (792)
﻿Collections of finance and sales-type leases |  | — |  |  | 17 |  |  | — |  |  | 12 |  |  | 26 |  |  | — |  |  | 55
﻿Movement in restricted cash |  | — |  |  | — |  |  | — |  |  | (11) |  |  | 309 |  |  | — |  |  | 298
﻿Other |  | — |  |  | (73) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (73)
﻿Net cash used in investing activities |  | — |  |  | (1,034) |  |  | — |  |  | (204) |  |  | (478) |  |  | — |  |  | (1,716)
﻿Issuance of debt |  | 300 |  |  | 2,500 |  |  | — |  |  | — |  |  | 1,114 |  |  | — |  |  | 3,914
﻿Repayment of debt |  | (300) |  |  | (2,010) |  |  | — |  |  | (8) |  |  | (1,726) |  |  | — |  |  | (4,044)
﻿Debt issuance costs paid |  | — |  |  | (17) |  |  | — |  |  | — |  |  | (32) |  |  | — |  |  | (49)
﻿Maintenance payments received |  | — |  |  | 306 |  |  | — |  |  | 24 |  |  | 446 |  |  | — |  |  | 776
﻿Maintenance payments returned |  | — |  |  | (244) |  |  | — |  |  | (20) |  |  | (294) |  |  | — |  |  | (558)
﻿Security deposits received |  | — |  |  | 97 |  |  | — |  |  | 25 |  |  | 49 |  |  | — |  |  | 171
﻿Security deposits returned |  | — |  |  | (83) |  |  | — |  |  | (47) |  |  | (14) |  |  | — |  |  | (144)
﻿Repurchase of shares and tax withholdings on share-based compensation |  | (794) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (794)
﻿Net cash (used in) provided by financing activities |  | (794) |  |  | 549 |  |  | — |  |  | (26) |  |  | (457) |  |  | — |  |  | (728)
﻿Net increase (decrease) in cash and cash equivalents |  | 6 |  |  | 544 |  |  | 48 |  |  | 369 |  |  | (51) |  |  | — |  |  | 916
﻿Effect of exchange rate changes |  | 1 |  |  | — |  |  | — |  |  | (9) |  |  | 5 |  |  | — |  |  | (3)
﻿Cash and cash equivalents at beginning of period |  | 7 |  |  | 225 |  |  | 14 |  |  | 1,006 |  |  | 238 |  |  | — |  |  | 1,490
﻿Cash and cash equivalents at end of period | $ | 14 |  | $ | 769 |  | $ | 62 |  | $ | 1,366 |  | $ | 192 |  | $ | — |  | $ | 2,403
﻿
| (a) |  | Guarantors consist of AerCap U.S. Global Aviation LLC, AerCap Aviation Solutions B.V., AerCap Ireland Ltd. and ILFC.
﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Condensed Consolidating Statement of Cash Flows
﻿ | Year Ended December 31, 2014
﻿ | AerCap Holdings N.V. |  | AerCap Global Aviation Trust |  | AerCap Ireland Capital Designated Activity Company |  | Guarantors (a) |  | Non- Guarantors |  | Eliminations |  | Total
﻿ | (U.S. dollar amounts in millions)
﻿Net income (loss) | $ | 810 |  | $ | 682 |  | $ | 577 |  | $ | 856 |  | $ | 720 |  | $ | (2,837) |  | $ | 808
﻿Adjustments to reconcile net income (loss) to net cash provided by operating activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿(Income) loss from subsidiaries |  | (882) |  |  | (205) |  |  | (683) |  |  | (988) |  |  | (79) |  |  | 2,837 |  |  | —
﻿Dividend received |  | — |  |  | — |  |  | — |  |  | 12 |  |  | — |  |  | (12) |  |  | —
﻿Depreciation and amortization |  | — |  |  | 501 |  |  | — |  |  | 53 |  |  | 728 |  |  | — |  |  | 1,282
﻿Asset impairment |  | — |  |  | 3 |  |  | — |  |  | — |  |  | 19 |  |  | — |  |  | 22
﻿Amortization of debt issuance costs and debt discount |  | 3 |  |  | 304 |  |  | — |  |  | 25 |  |  | (246) |  |  | — |  |  | 86
﻿Amortization of lease premium intangibles |  | — |  |  | 5 |  |  | — |  |  | — |  |  | 13 |  |  | — |  |  | 18
﻿Amortization of fair value adjustments on debt |  | — |  |  | (325) |  |  | — |  |  | — |  |  | (6) |  |  | — |  |  | (331)
﻿Accretion of fair value adjustments on deposits and maintenance liabilities |  | — |  |  | 38 |  |  | — |  |  | 1 |  |  | 33 |  |  | — |  |  | 72
﻿Maintenance rights write off |  | — |  |  | 68 |  |  | — |  |  | 9 |  |  | 54 |  |  | — |  |  | 131
﻿Maintenance liability release to income |  | — |  |  | (24) |  |  | — |  |  | (5) |  |  | (63) |  |  | — |  |  | (92)
﻿Net gain on sale of assets |  | — |  |  | (8) |  |  | — |  |  | (10) |  |  | (20) |  |  | — |  |  | (38)
﻿Deferred income taxes |  | — |  |  | 56 |  |  | 10 |  |  | 33 |  |  | 17 |  |  | — |  |  | 116
﻿Other |  | 43 |  |  | — |  |  | — |  |  | 17 |  |  | 42 |  |  | — |  |  | 102
﻿Cash flow from operating activities before changes in working capital |  | (26) |  |  | 1,095 |  |  | (96) |  |  | 3 |  |  | 1,212 |  |  | (12) |  |  | 2,176
﻿Working capital |  | 163 |  |  | 389 |  |  | 110 |  |  | (718) |  |  | 194 |  |  | — |  |  | 138
﻿Net cash provided by (used in) operating activities |  | 137 |  |  | 1,484 |  |  | 14 |  |  | (715) |  |  | 1,406 |  |  | (12) |  |  | 2,314
﻿Purchase of flight equipment |  | — |  |  | — |  |  | — |  |  | (1,198) |  |  | (892) |  |  | — |  |  | (2,090)
﻿Proceeds from sale or disposal of assets |  | 21 |  |  | — |  |  | — |  |  | 738 |  |  | (189) |  |  | — |  |  | 570
﻿Prepayments on flight equipment |  | — |  |  | — |  |  | — |  |  | (2) |  |  | (456) |  |  | — |  |  | (458)
﻿Acquisition of ILFC, net of cash acquired |  | — |  |  | (2,400) |  |  | — |  |  | 2,205 |  |  | — |  |  | — |  |  | (195)
﻿Collections of finance and sales-type leases |  | — |  |  | (4) |  |  | — |  |  | 12 |  |  | 33 |  |  | — |  |  | 41
﻿Movement in restricted cash |  | — |  |  | — |  |  | — |  |  | (2) |  |  | 284 |  |  | — |  |  | 282
﻿Other |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
﻿Net cash provided by (used in) investing activities |  | 21 |  |  | (2,404) |  |  | — |  |  | 1,753 |  |  | (1,220) |  |  | — |  |  | (1,850)
﻿Issuance of debt |  | 75 |  |  | 3,400 |  |  | — |  |  | 43 |  |  | 1,894 |  |  | — |  |  | 5,412
﻿Repayment of debt |  | (225) |  |  | (2,353) |  |  | — |  |  | (10) |  |  | (2,239) |  |  | — |  |  | (4,827)
﻿Debt issuance costs paid |  | — |  |  | (45) |  |  | — |  |  | (20) |  |  | (70) |  |  | — |  |  | (135)
﻿Maintenance payments received |  | — |  |  | 195 |  |  | — |  |  | 42 |  |  | 325 |  |  | — |  |  | 562
﻿Maintenance payments returned |  | — |  |  | (89) |  |  | — |  |  | (101) |  |  | (96) |  |  | — |  |  | (286)
﻿Security deposits received |  | — |  |  | 39 |  |  | — |  |  | 9 |  |  | 59 |  |  | — |  |  | 107
﻿Security deposits returned |  | — |  |  | (2) |  |  | — |  |  | (133) |  |  | 36 |  |  | — |  |  | (99)
﻿Dividend paid |  | — |  |  | — |  |  | — |  |  | — |  |  | (12) |  |  | 12 |  |  | —
﻿Net cash (used in) provided by financing activities |  | (150) |  |  | 1,145 |  |  | — |  |  | (170) |  |  | (103) |  |  | 12 |  |  | 734
﻿Net increase in cash and cash equivalents |  | 8 |  |  | 225 |  |  | 14 |  |  | 868 |  |  | 83 |  |  | — |  |  | 1,198
﻿Effect of exchange rate changes |  | (1) |  |  | — |  |  | — |  |  | (2) |  |  | (1) |  |  | — |  |  | (4)
﻿Cash and cash equivalents at beginning of period |  | — |  |  | — |  |  | — |  |  | 140 |  |  | 156 |  |  | — |  |  | 296
﻿Cash and cash equivalents at end of period | $ | 7 |  | $ | 225 |  | $ | 14 |  | $ | 1,006 |  | $ | 238 |  | $ | — |  | $ | 1,490
﻿ ﻿ ﻿
| (a) |  | Guarantors consist of AerCap U.S. Global Aviation LLC, AerCap Aviation Solutions B.V., AerCap Ireland Ltd. and ILFC. ILFC was acquired on May 14, 2014 and is not included prior to its acquisition date.
Condensed Consolidated Statement Of Comprehensive Income |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Condensed Consolidating Statement of Comprehensive Income
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ | Year Ended December 31, 2016
﻿ | AerCap Holdings N.V. |  | AerCap Global Aviation Trust |  | AerCap Ireland Capital Designated Activity Company |  | Guarantors (a) |  | Non- Guarantors |  | Eliminations |  | Total
﻿ | (U.S. dollar amounts in millions)
﻿Net income (loss) attributable to AerCap Holdings N.V. | $ | 1,047 |  | $ | 919 |  | $ | 757 |  | $ | 842 |  | $ | (434) |  | $ | (2,084) |  | $ | 1,047
﻿Other comprehensive (loss) income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Net change in fair value of derivatives, net of tax |  | — |  |  | — |  |  | — |  |  | — |  |  | 6 |  |  | — |  |  | 6
﻿Actuarial loss on pension obligations, net of tax |  | — |  |  | — |  |  | — |  |  | (2) |  |  | — |  |  | — |  |  | (2)
﻿Total other comprehensive (loss) income |  | — |  |  | — |  |  | — |  |  | (2) |  |  | 6 |  |  | — |  |  | 4
﻿Total comprehensive income (loss) attributable to AerCap Holdings N.V. | $ | 1,047 |  | $ | 919 |  | $ | 757 |  | $ | 840 |  | $ | (428) |  | $ | (2,084) |  | $ | 1,051
﻿ ﻿ ﻿
| (a) |  | Guarantors consist of AerCap U.S. Global Aviation LLC, AerCap Aviation Solutions B.V., AerCap Ireland Ltd. and ILFC.
﻿ ﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Condensed Consolidating Statement of Comprehensive Income
﻿ | Year Ended December 31, 2015
﻿ | AerCap Holdings N.V. |  | AerCap Global Aviation Trust |  | AerCap Ireland Capital Designated Activity Company |  | Guarantors (a) |  | Non- Guarantors |  | Eliminations |  | Total
﻿ | (U.S. dollar amounts in millions)
﻿Net income (loss) attributable to AerCap Holdings N.V. | $ | 1,179 |  | $ | 1,061 |  | $ | 929 |  | $ | 846 |  | $ | (567) |  | $ | (2,269) |  | $ | 1,179
﻿Other comprehensive income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Net change in fair value of derivatives, net of tax |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
﻿Actuarial gain on pension obligations, net of tax |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
﻿Total other comprehensive income |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
﻿Total comprehensive income (loss) attributable to AerCap Holdings N.V. | $ | 1,179 |  | $ | 1,061 |  | $ | 929 |  | $ | 846 |  | $ | (567) |  | $ | (2,269) |  | $ | 1,179
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ ﻿
| (a) |  | Guarantors consist of AerCap U.S. Global Aviation LLC, AerCap Aviation Solutions B.V., AerCap Ireland Ltd. and ILFC.
﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Condensed Consolidating Statement of Comprehensive Income
﻿ | Year Ended December 31, 2014
﻿ | AerCap Holdings N.V. |  | AerCap Global Aviation Trust |  | AerCap Ireland Capital Designated Activity Company |  | Guarantors (a) |  | Non- Guarantors |  | Eliminations |  | Total
﻿ | (U.S. dollar amounts in millions)
﻿Net income (loss) attributable to AerCap Holdings N.V. | $ | 810 |  | $ | 682 |  | $ | 577 |  | $ | 856 |  | $ | 722 |  | $ | (2,837) |  | $ | 810
﻿Other comprehensive income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Net change in fair value of derivatives, net of tax |  | — |  |  | — |  |  | — |  |  | — |  |  | 5 |  |  | — |  |  | 5
﻿Actuarial gain (loss) on pension obligations, net of tax |  | — |  |  | — |  |  | — |  |  | 3 |  |  | (5) |  |  | — |  |  | (2)
﻿Total other comprehensive income |  | — |  |  | — |  |  | — |  |  | 3 |  |  | — |  |  | — |  |  | 3
﻿Share of other comprehensive income (loss) from subsidiaries |  | 3 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (3) |  |  | —
﻿Total comprehensive income (loss) attributable to AerCap Holdings N.V. | $ | 813 |  | $ | 682 |  | $ | 577 |  | $ | 859 |  | $ | 722 |  | $ | (2,840) |  | $ | 813
﻿ ﻿ ﻿ ﻿ Guarantors consist of AerCap U.S. Global Aviation LLC, AerCap Aviation Solutions B.V., AerCap Ireland Ltd. and ILFC. ILFC was acquired on May 14, 2014 and is not included prior to its acquisition date

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