Table of Contents
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Front Cover
Message from Michael Magnusson
Message from Toni M. Perazzo
Corporate Profile
Our Team & Board
Growing Portfolio
Portfolio Evolution
AeroCentury Geographical Spread
AeroCentury Past Customers
Business Strategy
Different Leasing Models
Summary of 2017
FORM 10-K
PART I
Forward-Looking Statements
Item 1. Business
Item 1A. Risk Factors.
Item 1B. Unresolved Staff Comments.
Item 2. Properties.
Item 3. Legal Proceedings.
Item 4. Mine Safety Disclosures.
PART II
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
Item 6. Selected Financial Data.
Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations.
Item 7A. Quantitative and Qualitative Disclosures About Market Risk.
Item 8. Financial Statements and Supplementary Data.
Financial statements for the Company
Report of Independent Registered Public Accounting Firm
Consolidated Balance Sheets
Consolidated Statements of Operations
Consolidated Statements of Stockholders’ Equity
Consolidated Statements of Cash Flows
Notes to Consolidated Financial Statements
1. Organization and Summary of Significant Accounting Policies
2. Finance Leases Receivable
3. Aircraft and Aircraft Engines Held for Lease or Sale
4. Operating Segments
5. Concentration of Credit Risk
6. Notes Payable and Accrued Interest
7. Acquisition of Management Company
8. Contingencies
9. Stockholder Rights Plan
10. Income Taxes
11. Computation of Earnings Per Share
12. Related Party Transactions
13. Subsequent Events
Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure.
Item 9A. Controls and Procedures.
Item 9B. Other Information.
PART III
Item 10. Directors, Executive Officers and Corporate Governance.
Item 11. Executive Compensation.
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
Item 13. Certain Relationships and Related Transactions, and Director Independence.
Item 14. Principal Accountant Fees and Services.
PART IV
Item 15. Exhibits.
Item 16. Form 10-K Summary.
SIGNATURES
POWER OF ATTORNEY
Corporate Information
Back Cover