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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Operating Activities    
Net income $ 184,661 $ 95,450
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of flight equipment 220,711 189,414
Settlement   36,000
Stock-based compensation 7,740 7,724
Deferred taxes 101,601 52,696
Amortization of debt discounts and issuance costs 14,549 15,363
Gain on aircraft sales, trading and other activity (37,713) (23,987)
Changes in operating assets and liabilities:    
Other assets 2,367 21,124
Accrued interest and other payables 7,298 2,331
Rentals received in advance 3,556 5,938
Net cash provided by operating activities 504,770 402,053
Investing Activities    
Acquisition of flight equipment under operating lease (1,138,130) (1,336,979)
Payments for deposits on flight equipment purchases (437,721) (362,578)
Proceeds from aircraft sales, trading and other activity 507,202 668,989
Acquisition of furnishings, equipment and other assets (117,132) (129,472)
Net cash used in investing activities (1,185,781) (1,160,040)
Financing Activities    
Issuance of common stock upon exercise of options   40
Cash dividends paid (10,271) (8,198)
Tax withholdings on stock-based compensation (5,890) (5,302)
Net change in unsecured revolving facilities 938,000 126,000
Proceeds from debt financings 690,754 712,134
Payments in reduction of debt financings (962,403) (260,812)
Net change in restricted cash (7,862) (1,064)
Debt issuance costs (3,157) (3,223)
Security deposits and maintenance reserve receipts 93,261 90,936
Security deposits and maintenance reserve disbursements (35,362) (12,354)
Net cash provided by financing activities 697,070 638,157
Net increase (decrease) in cash 16,059 (119,830)
Cash and cash equivalents at beginning of period 156,675 282,819
Cash and cash equivalents at end of period 172,734 162,989
Supplemental Disclosure of Cash Flow Information    
Cash paid during the period for interest, including capitalized interest of $19,521 and $20,702 at June 30, 2016 and 2015, respectively 151,165 121,767
Supplemental Disclosure of Noncash Activities    
Buyer furnished equipment, capitalized interest, deposits on flight equipment purchases and seller financing applied to acquisition of flight equipment and other assets applied to payments for deposits on flight equipment purchases 525,991 664,128
Cash dividends declared, not yet paid $ 5,142 $ 4,103