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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Statement of Cash Flows [Abstract]      
Net income $ 29,781 $ 32,868 $ 124,270
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 284,924 269,920 242,103
Amortization of deferred financing costs 14,719 12,449 15,271
Amortization of net lease discounts and lease incentives 32,411 12,844 16,445
Deferred income taxes 4,416 6,828 5,615
Non-cash share based payment expense 4,569 4,232 5,786
Net derivative loss reclassified into earnings 33,265 30,777 23,078
Ineffective portion of cash flow hedges 371 2,893 (101)
Security deposits and maintenance payments included in earnings (60,112) (54,180) (35,500)
Gain on the sale of flight equipment (37,220) (5,747) (39,092)
Impairment of aircraft 117,306 96,454 6,436
Earnings of unconsolidated equity method investment, net of tax (53) 0 0
Other (5,641) (2,218) 742
Changes on certain assets and liabilities:      
Accounts receivable 3,397 (2,530) (4,818)
Restricted cash and cash equivalents related to operating activities 0 0 4,418
Other assets 1,164 919 (2,675)
Accounts payable, accrued expenses and other liabilities 3,016 17,732 (1,848)
Lease rentals received in advance (2,276) 4,036 (753)
Net cash provided by operating activities 424,037 427,277 359,377
Cash flows from investing activities:      
Acquisition and improvement of flight equipment (1,263,706) (693,227) (776,750)
Proceeds from sale of flight equipment 568,045 61,489 489,196
Restricted cash and cash equivalents related to sale of flight equipment 0 35,762 (35,762)
Aircraft purchase deposits and progress payments, net of returned deposits and aircraft sales deposits (6,094) (20,553) (122,069)
Net investment in finance leases (11,595) (91,500) 0
Collections on finance leases 9,508 3,852 0
Unconsolidated equity method investment and associated costs (20,189) 0 0
Purchase of debt investment 0 (43,626) 0
Principal repayments on debt investment 42,001 6,585 0
Other (903) (691) (35)
Net cash used in investing activities (682,933) (741,909) (445,420)
Cash flows from financing activities:      
Issuance of shares net of repurchases 197,437 (44,180) (91,610)
Proceeds from notes and term debt financings 563,230 1,459,690 669,047
Securitization and term debt financing repayments (510,162) (847,415) (390,945)
Deferred financing costs (10,865) (31,691) (20,179)
Restricted secured liquidity facility collateral 0 (3,000) 35,000
Secured liquidity facility collateral 0 (3,000) 35,000
Restricted cash and cash equivalents related to security deposits and maintenance payments (10,831) 99,748 (25,056)
Security deposits received 20,889 17,453 20,574
Security deposits returned (5,104) (6,152) (7,914)
Maintenance payments received 179,789 142,122 122,050
Maintenance payments returned (77,033) (57,822) (89,300)
Payments for terminated cash flow hedges and payment for option 0 (50,757) 0
Dividends paid (52,058) (43,669) (45,059)
Net cash provided by financing activities 295,292 637,327 141,608
Net increase in cash and cash equivalents 36,396 322,695 55,565
Cash and cash equivalents at beginning of year 618,217 295,522 239,957
Cash and cash equivalents at end of year 654,613 618,217 295,522
Supplemental disclosures of cash flow information:      
Cash paid during the year for interest, net of capitalized interest 195,350 167,069 162,938
Cash paid during the year for income taxes 487 2,468 2,054
Supplemental disclosures of non-cash investing activities:      
Security deposits, maintenance liabilities and other liabilities settled in sale of flight equipment 58,862 4,135 21,585
Advance lease rentals, security deposits and maintenance reserves assumed in asset acquisitions 88,882 24,261 5,666
Term debt financings assumed in asset acquisitions $ 84,721 $ 0 $ 0