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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
ASSETS    
Cash and cash equivalents $ 140,882 $ 152,719
Restricted cash and cash equivalents 14,561 15,134
Accounts receivable 18,006 15,091
Flight equipment held for lease, net of accumulated depreciation of $1,501,664 and $1,221,985, respectively 7,375,018 6,935,585
Net investment in direct financing and sales-type leases 419,396 469,180
Unconsolidated equity method investments 32,974 69,111
Other assets 201,209 214,361
Total assets 8,202,046 7,871,181
LIABILITIES    
Borrowings from secured financings, net of debt issuance costs 1,129,345 798,457
Borrowings from unsecured financings, net of debt issuance costs 3,932,491 3,962,896
Accounts payable, accrued expenses and other liabilities 172,114 153,341
Lease rentals received in advance 108,060 87,772
Security deposits 124,954 120,962
Maintenance payments 682,398 739,072
Total liabilities 6,149,362 5,862,500
Commitments and Contingencies
SHAREHOLDERS’ EQUITY    
Preference shares, $0.01 par value, 50,000,000 shares authorized, no shares issued and outstanding 0 0
Common shares, $0.01 par value, 250,000,000 shares authorized, 75,122,129 shares issued and outstanding at December 31, 2019; and 75,454,511 shares issued and outstanding at December 31, 2018 751 754
Additional paid-in capital 1,446,664 1,468,779
Retained earnings 605,269 539,332
Accumulated other comprehensive loss 0 (184)
Total shareholders’ equity 2,052,684 2,008,681
Total liabilities and shareholders’ equity $ 8,202,046 $ 7,871,181