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GECAS Transaction (Tables)

12 Months Ended

Dec. 31, 2022

Business Combination and Asset Acquisition [Abstract]

Schedule of Business Acquisitions, by Acquisition

The consideration transferred to effect the GECAS Transaction consisted of the following:

Cash consideration			$	22,583,992
111,500,000 AerCap ordinary shares issued multiplied by AerCap closing share price per share of $59.04 on October 29, 2021			6,582,960
AerCap notes issued to GE			1,000,000
Consideration transferred			$	30,166,952

The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the Closing Date:

			Final Amounts Recognized as of the Closing Date
Cash and cash equivalents			$	151,554
Restricted cash			4,850
Flight equipment held for operating leases, net			23,108,835
Investment in finance leases, net			1,165,382
Prepayments on flight equipment			2,990,414
Maintenance rights and lease premium, net (a)			3,984,212
Associated companies			555,212
Accrued maintenance liability			(1,234,857)
Deferred tax liabilities			(1,195,168)
Other assets and liabilities (b)			636,518
Estimate of fair value of net assets acquired			$	30,166,952
Consideration Transferred			$	30,166,952
Goodwill			$	—

(a)    Included $2.8 billion maintenance rights asset and $1.2 billion lease premium asset, net.

(b)    The fair value of the assets acquired included current trade receivables of $245 million. The gross amount due under the contracts was $463 million.

Business Combination, Separately Recognized Transactions

AerCap reported transaction and integration-related expenses related to the GECAS Transaction as provided in the table below. These expenses are included in transaction and integration-related expenses in our Consolidated Income Statement.

			Year Ended December 31,
			2022						2021
Professional fees and other expenses			$	22,247					$	105,417
Severance and other compensation expenses			11,039						43,075
Banking fees			—						186,474
			$	33,286					$	334,966

Business Acquisition, Pro Forma Information

The following unaudited pro forma summary presents consolidated information of AerCap as if the business combination had occurred on January 1, 2020:

									Year Ended December 31,
									2021						2020
Total revenues and other income									$	7,866,898					$	8,062,582
Net income									1,935,570						11,845

X

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

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