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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Operating Activities    
Net income $ 285,050 $ 277,937
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of flight equipment 377,952 333,962
Share-based Compensation 14,435 12,342
Deferred taxes 158,816 152,898
Amortization of debt discounts and issuance costs 22,388 22,630
Gain on aircraft sales, trading and other activity (23,785) (47,687)
Changes in operating assets and liabilities:    
Other assets (80,509) (24,305)
Accrued interest and other payables (5,768) 23,769
Rentals received in advance 3,057 9,933
Net cash provided by operating activities 751,636 761,479
Investing Activities    
Acquisition of flight equipment under operating lease (1,304,317) (1,436,679)
Payments for deposits on flight equipment purchases (565,343) (641,737)
Proceeds from aircraft sales, trading and other activity 595,796 649,210
Acquisition of aircraft furnishings, equipment and other assets (134,709) (165,378)
Net cash used in investing activities (1,408,573) (1,594,584)
Financing Activities    
Issuance of common stock upon exercise of options and warrants 2,214  
Cash dividends paid (23,191) (15,413)
Tax withholdings on stock-based compensation (5,600) (5,890)
Net change in unsecured revolving facilities 670,000 298,000
Proceeds from debt financings 1,101,673 1,526,001
Payments in reduction of debt financings (1,266,440) (1,000,559)
Net change in restricted cash (3,411) (534)
Debt issuance costs (4,164) (4,362)
Security deposits and maintenance reserve receipts 173,879 153,151
Security deposits and maintenance reserve disbursements (36,806) (47,142)
Net cash provided by financing activities 608,154 903,252
Net (decrease)/increase in cash (48,783) 70,147
Cash and cash equivalents at beginning of period 274,802 156,675
Cash and cash equivalents at end of period 226,019 226,822
Supplemental Disclosure of Cash Flow Information    
Cash paid during the period for interest, including capitalized interest of $33,618 and $30,137 at September 30, 2017 and 2016, respectively 252,806 224,420
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 398,024 642,417
Cash dividends declared, not yet paid $ 7,742 $ 5,142