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Consolidated Statements of Cash Flows
$ in Thousands
12 Months Ended
Dec. 31, 2017
USD ($)
Dec. 31, 2016
USD ($)
Dec. 31, 2015
USD ($)
Cash flows from operating activities:      
Net income (loss) $ 353,526 $ (5,785) $ 127,669
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 500,720 392,592 300,470
Debt related amortization 13,401 5,934 5,674
Amortization of Intangible Assets 92,053 55,484 0
Net (gain) loss on sale of leasing equipment (35,812) 20,347 (2,013)
Unrealized (gain) loss on derivative instruments, net (1,397) (4,405) 2,240
Write-off of debt costs 6,973 141 1,170
Deferred income taxes (94,678) (809) 3,353
Stock compensation charge 5,641 5,399 12,048
Changes in operating assets and liabilities:      
Net equipment sold for resale activity 8,821 4,031 0
Accounts receivables (5,967) (1,592) 5,494
Accounts payable and other accrued expenses (42,402) 10,694 (2,768)
Other assets 3,799 2,194 (2,814)
Cash received (payments) on termination of derivative instruments 2,117 (37) (1,219)
Net cash provided by operating activities 806,795 484,188 449,304
Cash flows from investing activities:      
Purchases of leasing equipment and investments in finance leases (1,562,863) (629,332) (398,799)
Proceeds from sale of equipment, net of selling costs 190,744 145,572 171,719
Cash collections on finance lease receivables, net of income earned 60,673 38,650 14,178
Cash Acquired from Acquisition 0 50,349 0
Other 55 (685) (2,819)
Net cash (used in) investing activities (1,311,391) (395,446) (215,721)
Cash flows from financing activities:      
Issuance (redemption) of common shares 192,861 (7,410) 0
Financing fees paid under debt facilities (34,494) (6,554) (2,972)
Borrowings under debt facilities 3,102,825 661,971 685,500
Payments under debt facilities and capital lease obligations (2,539,711) (602,152) (886,979)
(Increase) decrease in restricted cash (43,846) 31,396 8,877
Payments to Noncontrolling Interests (18,890) (24,732) (46,927)
Common stock dividends paid (135,557) (84,752) 0
Proceeds from (Payments for) Other Financing Activities 241 0 0
Net cash provided by financing activities 523,429 (32,233) (242,501)
Net increase (decrease) in cash and cash equivalents 18,833 56,509 (8,918)
Unrestricted cash and cash equivalents, end of period 132,031 113,198 56,689
Unrestricted cash and cash equivalents, beginning of period 113,198 56,689 65,607
Supplemental disclosures:      
Interest paid 269,601 181,559 131,749
Income taxes (refunded) paid (288) 309 1,477
Supplemental non-cash investing activities:      
Equipment purchases payable 128,133 83,567 12,128
Business Combination, Contingent Consideration, Asset $ 0 $ 510,186 $ 0