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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Statement of Cash Flows [Abstract]        
Net income $ 31,112 $ 50,203 $ 65,922 $ 107,750
Adjustments to reconcile net income to net cash and restricted cash provided by operating activities:        
Depreciation 89,578 76,181 174,313 151,183
Amortization of deferred financing costs     6,958 7,042
Amortization of lease premiums, discounts and incentives 5,345 3,534 11,056 6,662
Deferred income taxes     7,957 3,126
Non-cash share-based payment expense 3,177 3,076 5,903 5,454
Cash flow hedges reclassified into earnings 0 294 184 595
Proceeds from Collection of Finance Receivables     10,971 13,127
Security deposits and maintenance payments included in earnings     (24,162) (554)
Gain on sale of flight equipment (346) (19,864) (12,348) (25,632)
Impairment of flight equipment 7,404 0 7,404 0
Other     209 (7,491)
Changes in certain assets and liabilities:        
Accounts receivable     (7,899) (7,315)
Other assets     3,582 (3,086)
Accounts payable, accrued expenses and other liabilities     (11,619) (14,799)
Lease rentals received in advance     7,181 16,908
Net cash and restricted cash provided by operating activities     245,612 252,970
Cash flows from investing activities:        
Acquisition and improvement of flight equipment     (660,723) (365,505)
Proceeds from sale of flight equipment     56,924 178,185
Net investment in direct financing and sales-type leases     0 (16,256)
Aircraft purchase deposits and progress payments, net of returned deposits and aircraft sales deposits     18,054 (3,965)
Other     2,241 2,956
Net cash and restricted cash used in investing activities     (591,055) (204,585)
Cash flows from financing activities:        
Repurchase of shares     (14,288) (14,987)
Proceeds from secured and unsecured debt financings     1,841,848 0
Repayments of secured and unsecured debt financings     (1,105,353) (128,342)
Deferred financing costs     (12,165) (1,615)
Security deposits and maintenance payments received     92,514 108,653
Security deposits and maintenance payments returned     (64,788) (38,718)
Dividends paid     (45,054) (43,993)
Net cash and restricted cash provided by (used in) financing activities     692,714 (119,002)
Net decrease in cash and restricted cash:     347,271 (70,617)
Cash and restricted cash at beginning of period     167,853 233,857
Cash and restricted cash at end of period 515,124 163,240 515,124 163,240
Cash and cash equivalents 500,373 142,360 500,373 142,360
Restricted cash and cash equivalents $ 14,751 $ 20,880 14,751 20,880
Supplemental disclosures of non-cash investing activities:        
Payments to Acquire Interest in Subsidiaries and Affiliates     $ 7,551 $ 0