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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net income (loss) $ 4,394 $ (21,201)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization expense 22,549 21,809
Write-down of equipment 0 21,117
Stock-based compensation expense 2,937 4,629
Amortization of deferred costs 1,327 1,308
Loss from joint ventures 1,161 2,616
Payments received on sales-type leases 301 0
Allowances and provisions 173 305
Loss (Gain) on sale of leased equipment 133 (2,298)
Deferred income taxes 2,081 (7,035)
Changes in assets and liabilities:    
Receivables (6,688) (3,280)
Inventory 1,543 3,407
Other assets (4,345) (863)
Accounts payable and accrued expenses 7,612 6,122
Maintenance reserves 10,165 2,626
Security deposits 1,149 (462)
Unearned revenue 7,379 (480)
Net cash provided by operating activities 51,871 28,320
Cash flows from investing activities:    
Proceeds from sale of equipment (net of selling expenses) 7,582 17,255
Issuance of notes receivable (15,397) 0
Payments received on notes receivable 792 1,203
Purchase of equipment held for operating lease and for sale (55,686) (24,220)
Purchase of property, equipment and furnishings (1,573) (540)
Net cash used in investing activities (64,282) (6,302)
Cash flows from financing activities:    
Proceeds from debt obligations 42,000 21,000
Principal payments on debt obligations (53,458) (53,257)
Proceeds from shares issued under stock compensation plans 177 165
Repurchase of common stock 0 (1,768)
Preferred stock dividends (819) (819)
Net cash used in financing activities (12,100) (34,679)
Decrease in cash, cash equivalents and restricted cash (24,511) (12,661)
Cash, cash equivalents and restricted cash at beginning of period 89,016 95,641
Cash, cash equivalents and restricted cash at end of period 64,505 82,980
Net cash paid for:    
Interest 23,128 15,057
Income Taxes 179 213
Supplemental disclosures of non-cash activities:    
Transfers from Equipment held for operating lease to Other assets 1,089 0
Transfers from Equipment held for operating lease to Spare parts inventory 127 102
Transfers from Equipment held for operating lease to Equipment held for sale 0 4,089
Accrued share repurchases 0 73
Accrued preferred stock dividends $ 18 $ 18