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CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net income (loss) $ 29,397 $ (229,659)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Equity in losses of unconsolidated entities 1,335 24,013
Gain on sale of assets, net (31,657) (16,288)
Security deposits and maintenance claims included in earnings (9,842) (11,592)
Equity-based compensation 108 709
Depreciation and amortization 40,926 58,301
Asset impairment 1,220 122,790
Change in deferred income taxes 1,692 2,388
Change in fair value of non-hedge derivative 0 766
Change in fair value of guarantees (1,769) 0
Amortization of lease intangibles and incentives 7,844 12,013
Amortization of deferred financing costs 2,017 5,771
Provision for credit losses 475 47,914
Other (326) (208)
Change in:    
Accounts receivable (14,840) 8,619
Inventory 6,984 (6,044)
Other assets (2,013) (4,221)
Accounts payable and accrued liabilities 6,088 (16,597)
Management fees payable to affiliate (386) (158)
Other liabilities 1,444 3,406
Net cash provided by operating activities 38,697 1,923
Cash flows from investing activities:    
Investment in unconsolidated entities (19,500) (1,637)
Principal collections on finance leases 0 67
Acquisition of leasing equipment (127,513) (219,440)
Acquisition of property, plant and equipment (1,451) (54,661)
Acquisition of lease intangibles (8,640) (5,282)
Purchase deposits for acquisitions (9,940) (3,350)
Proceeds from sale of leasing equipment 153,679 51,491
Proceeds from sale of property, plant and equipment 0 2,910
Proceeds for deposit on sale of aircraft and engine 1,042 1,775
Net cash used in investing activities (12,323) (228,127)
Cash flows from financing activities:    
Proceeds from debt 145,000 408,980
Repayment of debt (220,000) (224,473)
Payment of deferred financing costs 0 (10,818)
Receipt of security deposits 1,459 1,075
Return of security deposits (65) 0
Receipt of maintenance deposits 10,142 10,836
Release of maintenance deposits 0 (250)
Proceeds from issuance of preferred shares, net of underwriter's discount and issuance costs 61,729 0
Cash dividends - ordinary shares (29,919) (32,749)
Cash dividends - preferred shares (6,791) (6,791)
Net cash (used in) provided by financing activities (38,445) 145,810
Net decrease in cash and cash equivalents and restricted cash (12,071) (80,394)
Cash and cash equivalents and restricted cash, beginning of period 53,065 440,061
Cash and cash equivalents and restricted cash, end of period 40,994 359,667
Supplemental disclosure of non-cash investing and financing activities:    
Acquisition of leasing equipment 17,104 9,658
Security deposits, maintenance deposits, other assets and other liabilities settled in the sale of leasing equipment 10,293 0
Settled and assumed security deposits (468) (10,198)
Billed, assumed and settled maintenance deposits 6,774 (31,594)
Non-cash change in equity method investment 0 (94,779)
Issuance of ordinary shares $ 230 $ 164