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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net (loss) income $ (18,788) $ 5,997
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:    
Equity in losses of unconsolidated entities 2,944 553
Gain on sale of subsidiaries (1,331) 0
Loss (gain) on sale of assets, net 1,051 (24,355)
Security deposits and maintenance claims included in earnings 2,951 (2,869)
Loss on extinguishment of debt 4,724 0
Equity-based compensation 702 928
Depreciation and amortization 83,917 82,133
Asset impairment 10,476 0
Change in current and deferred income taxes (4,506) (2,655)
Change in fair value of non-hedge derivative 181 (250)
Amortization of lease intangibles and incentives 13,488 17,288
Amortization of deferred financing costs 4,010 4,043
Bad debt expense 1,761 3,062
Other 759 547
Change in:    
Accounts receivable (24,140) (14,675)
Other assets 6,210 (13,105)
Accounts payable and accrued liabilities (18,894) 8,661
Management fees payable to affiliate (20,987) 871
Other liabilities 124 (8,062)
Net cash provided by operating activities 44,652 58,112
Cash flows from investing activities:    
Investment in unconsolidated entities (2,514) 0
Principal collections on finance leases 3,320 2,996
Acquisition of leasing equipment (206,299) (209,171)
Acquisition of property, plant and equipment (130,073) (159,252)
Acquisition of lease intangibles 1,997 623
Purchase deposits for acquisitions (4,590) (33,637)
Proceeds from sale of leasing equipment 37,687 71,497
Proceeds from sale of property, plant and equipment 0 7
Return of capital distributions from unconsolidated entities 0 1,280
Return of deposit on sale of engine 2,350 0
Net cash used in investing activities (298,122) (325,657)
Cash flows from financing activities:    
Proceeds from debt 458,981 529,477
Repayment of debt (275,991) (128,835)
Payment of deferred financing costs (12,629) (32,443)
Receipt of security deposits 853 3,475
Return of security deposits (3,815) (233)
Receipt of maintenance deposits 18,499 28,903
Release of maintenance deposits (9,185) (22,493)
Issuance costs of preferred shares (267) 0
Purchase of non-controlling interest (45) 0
Cash dividends - common shares (56,782) (56,767)
Cash dividends - preferred shares (8,618) 0
Net cash provided by financing activities 111,001 321,084
Net (decrease) increase in cash and cash equivalents and restricted cash (142,469) 53,539
Cash and cash equivalents and restricted cash, beginning of period 242,517 120,837
Cash and cash equivalents and restricted cash, end of period 100,048 174,376
Supplemental disclosure of non-cash investing and financing activities:    
Acquisition of leasing equipment 25,326 1,558
Acquisition of property, plant and equipment (13,631) (13,735)
Settled and assumed security deposits (2,545) (679)
Billed, assumed and settled maintenance deposits (20,113) 14,563
Change in fair value of cash flow hedge 0 34,058
Non-cash change in equity method investment (3,354) 0
Issuance of common shares $ 304 $ 242