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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Assets    
Cash and cash equivalents $ 472,554 $ 460,870
Restricted cash 3,550 3,622
Flight equipment subject to operating leases 34,168,919 31,787,241
Less accumulated depreciation (5,998,453) (5,556,033)
Flight equipment subject to operating leases, net 28,170,466 26,231,208
Deposits on flight equipment purchases 761,438 1,203,068
Other assets 2,869,888 2,553,484
Total assets 32,277,896 30,452,252
Liabilities and Shareholders’ Equity    
Accrued interest and other payables 1,272,984 1,164,140
Debt financing, net of discounts and issuance costs 20,209,985 19,182,657
Security deposits and maintenance reserves on flight equipment leases 1,805,338 1,519,719
Rentals received in advance 136,566 143,861
Deferred tax liability 1,320,397 1,281,837
Total liabilities 24,745,270 23,292,214
Shareholders’ Equity    
Preferred Stock, $0.01 par value; 50,000,000 shares authorized; 900,000 (aggregate liquidation preference of $900,000) and 10,600,000 (aggregate liquidation preference of $850,000) shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively 9 106
Paid-in capital 3,364,712 3,287,234
Retained earnings 4,147,218 3,869,813
Accumulated other comprehensive income 19,573 1,775
Total shareholders’ equity 7,532,626 7,160,038
Total liabilities and shareholders’ equity 32,277,896 30,452,252
Class A Common Stock    
Shareholders’ Equity    
Common stock 1,114 1,110
Class B Non‑Voting Common Stock    
Shareholders’ Equity    
Common stock $ 0 $ 0