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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:      
Net income $ 62,158 $ 14,069 $ 6,460
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization expense 66,023 66,280 69,424
Write-down of equipment 24,930 9,514 9,181
Stock-based compensation expenses 4,270 3,717 4,150
Excess tax benefit from stock-based compensation   236 26
Amortization of deferred costs 5,183 4,271 4,307
Allowances and provisions 162 (571) 697
Gain on sale of leased equipment (4,929) (3,482) (8,320)
Gain on insurance settlement (1,288)    
Income from joint ventures (7,158) (1,813) (1,175)
Loss (gain) on debt extinguishment   137 (1,151)
Deferred income taxes (26,393) 9,100 6,027
Changes in assets and liabilities:      
Receivables (2,525) (2,287) (5,769)
Spare parts inventory (1,855) (5,093) 3,828
Intangibles   (1,511)  
Other assets (970) (1,707) (2,635)
Accounts payable and accrued expenses 1,129 2,329 1,677
Maintenance reserves 7,994 548 4,580
Security deposits 6,246 (4,048) 5,747
Unearned lease revenue 2,279 732 748
Net cash provided by operating activities 135,256 90,421 97,802
Cash flows from investing activities:      
Proceeds from sale of equipment (net of selling expenses) 43,791 62,525 41,608
Proceeds from insurance settlement 14,886    
Capital contribution to joint ventures   (5,545) (630)
Distributions received from joint ventures 1,880 1,167 1,304
Maintenance rights payments received     5,802
Purchase of equipment held for operating lease and for sale (373,483) (173,662) (174,772)
Purchase of maintenance rights   (5,530) (8,844)
Purchase of property, equipment and furnishings (10,788) (1,006) (3,988)
Net cash used in investing activities (323,714) (122,051) (139,520)
Cash flows from financing activities:      
Proceeds from issuance of notes payable 686,200 149,000 192,700
Debt issuance cost (8,262) (3,808) (13)
Principal payments on notes payable (496,160) (113,981) (153,816)
Interest bearing security deposit (2,261) 455 (1,606)
Proceeds from shares issued under stock compensation plans 177 155 518
Repurchase of common stock (3,546) (28,958) (16,500)
Proceeds from issuance of preferred stock 29,665 19,752  
Preferred stock dividends (1,311)    
Cancellation of restricted stock units in satisfaction of withholding tax (1,094) (1,369) (1,558)
Net cash used in financing activities 203,408 21,246 19,725
Increase/(decrease) in cash, cash equivalents and restricted cash 14,950 (10,384) (21,993)
Cash, cash equivalents and restricted cash at beginning of period 32,374 42,758 64,751
Cash, cash equivalents and restricted cash at end of period 47,324 32,374 42,758
Net cash paid for:      
Interest 42,817 37,319 35,568
Income Taxes 440 459 353
Supplemental disclosures of non-cash investing activities:      
Purchase of aircraft and engines 2,696 5,337 4,662
Transfers from Equipment held for operating lease to Equipment held for sale 45,018 28,560 22,079
Transfers from Equipment held for sale to Spare parts inventory 210   $ 6,061
Transfers from Property, equipment and furnishings to Equipment held for lease   2,925  
Accrued preferred stock dividends 783 281  
Accretion of preferred stock issuance costs $ 46 $ 8