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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2021
Mar. 31, 2021
Jun. 30, 2022
Jun. 30, 2021
Dec. 31, 2021
Cash flows from operating activities:              
Net loss $ 9,760 $ (229,659) $ (36,608) $ (34,876) $ (219,899) $ (71,484)  
Adjustments to reconcile net loss to net cash used in operating activities:              
Equity in losses of unconsolidated entities 13,823   7,152   37,836 5,778  
Gain on sale of assets, net         (79,933) (4,798)  
Security deposits and maintenance claims included in earnings         (30,208) (15,413)  
Loss on extinguishment of debt 0   3,254   0 3,254  
Equity-based compensation         2,294 2,553  
Depreciation and amortization         114,923 91,906  
Asset impairment 886   89   123,676 2,189  
Change in deferred income taxes         6,200 (1,632)  
Change in fair value of non-hedge derivative         (748) (6,573)  
Amortization of lease intangibles and incentives         23,818 14,905  
Amortization of deferred financing costs 7,600   2,200   13,328 4,489  
Provision for (benefit from) credit losses         47,218 (733)  
Other         (407) (117)  
Change in:              
Accounts receivable         (47,061) (86,661)  
Other assets         (37,692) (44,639)  
Accounts payable and accrued liabilities         5,045 47,320  
Management fees payable to affiliate         (1,829) (631)  
Other liabilities         (5,130) (3,637)  
Net cash used in operating activities         (48,569) (63,924)  
Cash flows from investing activities:              
Investment in unconsolidated entities         (2,232) (1,105)  
Principal collections on finance leases         575 1,269  
Acquisition of business, net of cash acquired         (3,819) 0  
Acquisition of leasing equipment         (320,766) (170,132)  
Acquisition of property, plant and equipment         (118,729) (84,134)  
Acquisition of lease intangibles         (5,282) (517)  
Purchase deposits for acquisitions         (7,100) (9,180)  
Proceeds from sale of leasing equipment         138,020 57,155  
Proceeds from sale of property, plant and equipment         4,304 0  
Proceeds for deposit on sale of aircraft and engine         8,245 1,425  
Return of purchase deposits         0 1,010  
Net cash used in investing activities         (306,784) (204,209)  
Cash flows from financing activities:              
Proceeds from debt         503,980 776,100  
Repayment of debt         (224,724) (552,704)  
Payment of deferred financing costs         (14,405) (10,653)  
Receipt of security deposits         1,890 1,020  
Return of security deposits         0 (1,034)  
Receipt of maintenance deposits         24,418 16,255  
Capital contributions from non-controlling interests         1,187 0  
Release of maintenance deposits         (878) (12,071)  
Proceeds from issuance of preferred shares, net of underwriter's discount and issuance costs         0 101,201  
Settlement of equity-based compensation         0 (183)  
Cash dividends - common shares         (65,789) (56,795)  
Cash dividends - preferred shares         (13,582) (11,176)  
Net cash provided by financing activities         212,097 249,960  
Net decrease in cash and cash equivalents and restricted cash         (143,256) (18,173)  
Cash and cash equivalents and restricted cash, beginning of period   $ 440,061   $ 161,418 440,061 161,418 $ 161,418
Cash and cash equivalents and restricted cash, end of period $ 296,805   $ 143,245   296,805 143,245 $ 440,061
Supplemental disclosure of non-cash investing and financing activities:              
Acquisition of leasing equipment         105,635 23,299  
Acquisition of property, plant and equipment         (1,346) (891)  
Settled and assumed security deposits         (12,055) (1,042)  
Billed, assumed and settled maintenance deposits         (55,108) (22,123)  
Non-cash change in equity method investment         (142,493) (22,878)  
Payments to Acquire Interest in Subsidiaries and Affiliates         (21,302) 0  
Issuance of common shares         $ 399 $ 455