AerSale Corp ASLE
Monocle Acquisition Corporation ("Monocle") was initially formed as a Delaware corporation on August 20, 2018 for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or similar business combination with one or more businesses.
On December 22, 2020, Monocle consummated the previously announced business combination pursuant to that certain Amended and Restated Agreement and Plan of Merger, dated September 8, 2020 (the "Merger Agreement") by and among Monocle, the Company, AerSale Aviation, Inc. (f/k/a AerSale Corp.), a Delaware corporation ("AerSale Aviation"), Monocle Merger Sub 1 Inc., a Delaware corporation ("Merger Sub 1"), Monocle Merger Sub 2 LLC, a Delaware limited liability company ("Merger Sub 2"), and Leonard Green & Partners, L.P., a Delaware limited partnership, solely in its capacity as the initial Holder Representative (as defined in the Merger Agreement). The transactions contemplated by the Merger Agreement are referred to herein as the "Merger" or the "Business Combination" and in connection therewith, Monocle merged with and into us, whereby we survived the merger and became the successor issuer to Monocle by operation of Rule 12g-3 under the Exchange Act.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $335.3M | $345.1M | $334.5M | $408.5M | $340.4M | $208.9M | $304.2M | $290.7M | — |
| Cost of revenue | $229.5M | $241.1M | $242.1M | $257.1M | $221.0M | $156.1M | $219.2M | $218.6M | — |
| Gross profit | $105.8M | $103.9M | $92.4M | $151.4M | $119.4M | $52.8M | $85.0M | $72.2M | — |
| SG&A | $90.0M | $94.2M | $103.2M | $96.3M | $77.5M | $55.6M | $59.8M | $46.6M | — |
| Total operating expenses | — | — | — | — | — | — | $1.6M | — | — |
| Operating income | $15.8M | $9.7M | -$10.8M | $55.0M | $56.7M | $11.3M | $22.1M | $25.5M | — |
| Pre-tax income | $10.5M | $7.8M | -$7.7M | $57.9M | $47.8M | $9.7M | $19.7M | $23.5M | — |
| Income tax | $2.0M | $2.0M | $2.1M | $14.0M | $11.7M | $1.6M | $4.2M | $3.2M | — |
| Net income | $8.6M | $5.9M | -$5.6M | $43.9M | $36.1M | $8.1M | $15.5M | $8.9M | — |
| EPS, basic | 0.18 | 0.11 | -0.15 | 0.85 | 0.84 | 7.85 | -516.98 | -668.04 | — |
| EPS, diluted | 0.18 | 0.11 | -0.15 | 0.83 | 0.76 | 7.39 | -516.98 | -668.04 | — |
| Shares, diluted (wtd. avg.) | $48.8M | $53.4M | $51.5M | $53.1M | $47.3M | $1.1M | $37.0K | $37.0K | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $4.4M | $4.7M | $5.9M | $147.2M | $130.2M | $29.3M | $17.5M | $21.6M | $7.8M |
| Receivables | $42.7M | $34.6M | $31.2M | $28.3M | $29.4M | $50.2M | $51.9M | — | — |
| Inventory | $205.4M | $224.8M | $177.8M | $183.5M | $159.3M | $140.7M | $95.0M | — | — |
| Total current assets | $269.0M | $284.0M | $264.8M | $333.6M | $271.5M | $179.0M | $141.8M | $41.1K | — |
| Property, plant and equipment | $32.0M | $36.3M | $27.7M | $12.6M | $7.3M | $7.8M | $7.5M | — | — |
| Goodwill | $19.9M | $19.9M | $19.9M | $19.9M | $19.9M | $19.9M | $13.9M | $442.0K | — |
| Other intangibles | $8.0M | $10.2M | $11.7M | $13.8M | $15.9M | $18.0K | $11.0M | — | — |
| Total assets | $640.5M | $604.7M | $553.9M | $531.6M | $487.5M | $389.1M | $344.0M | $417.5K | — |
| Accounts payable | $29.6M | $34.2M | $29.9M | $21.1M | $20.0M | $16.4M | $17.0M | $451 | — |
| Short-term debt | $993.0K | $605.0K | $1.3M | — | — | — | $3.4M | — | — |
| Total current liabilities | $72.4M | $75.0M | $45.7M | $52.8M | $67.9M | $31.7M | $41.2M | $393.0K | — |
| Long-term debt | $111.3M | $40.4M | $36.3M | $0 | $0 | $0 | $3.4M | — | — |
| Total liabilities | $216.0M | $149.1M | $108.9M | $86.6M | $78.6M | $37.7M | $50.0M | — | — |
| Retained earnings | $147.7M | $139.1M | $133.3M | $138.8M | $95.0M | $400.0K | $50.8M | -$451 | — |
| Total equity | $424.4M | $455.6M | $445.0M | $445.0M | $408.9M | $351.5M | $294.0M | $277.8M | — |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$23.0M | $11.2M | -$174.2M | -$113.0K | $79.1M | -$12.2M | $45.5M | $59.2M | — |
| Depreciation and amortisation | $19.3M | $16.0M | $10.5M | $11.0M | $13.0M | $24.2M | $30.1M | $29.8M | — |
| Stock-based compensation | $4.9M | $4.3M | $12.1M | $16.5M | $12.7M | $1.0M | $0 | — | — |
| Capital expenditure | $6.1M | $14.1M | $11.4M | $8.5M | $1.5M | $2.1M | $1.6M | — | — |
| Investing cash flow | -$3.9M | -$16.1M | $3.1M | $41.4M | $13.2M | -$21.1M | -$62.1M | $44.2M | — |
| Financing cash flow | $26.5M | $3.8M | $29.7M | -$24.3M | $8.6M | $45.2M | -$5.5M | -$83.8M | — |
| Buybacks | $45.0M | $45.0M | — | $22.2M | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-050451.
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