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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Statement of Cash Flows [Abstract]    
Net income (loss) $ 147,624 $ 178,907
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 265,987 269,957
Amortization of deferred debt cost and other debt related amortization 7,187 6,849
Lease related amortization 15,788 23,835
Share-based compensation expense 5,861 5,471
Net (gain) loss on sale of leasing equipment (8,614) (15,988)
Unrealized (gain) loss on derivative instruments 286 2,253
Debt termination expense 31 558
Deferred income taxes 12,037 13,910
Changes in operating assets and liabilities:    
Accounts receivable (20,778) 12,545
Accounts payable and other accrued expenses (25,752) (8,860)
Net equipment sold for resale activity (4,035) (8,517)
Cash collections on finance lease receivables, net of income earned 46,650 33,680
Other assets (25,703) (12,786)
Net cash provided by (used in) operating activities 416,569 501,814
Cash flows from investing activities:    
Purchases of leasing equipment and investments in finance leases (219,788) (149,986)
Proceeds from sale of equipment, net of selling costs 102,088 106,603
Other (328) (130)
Net cash provided by (used in) investing activities (118,028) (43,513)
Cash flows from financing activities:    
Issuance of preferred shares, net of underwriting discount 145,275 221,790
Purchases of treasury shares (95,243) (157,075)
Redemption of common shares for withholding taxes (2,156) (978)
Debt issuance costs 0 (5,455)
Borrowings under debt facilities 730,000 1,143,000
Payments under debt facilities and finance lease obligations (801,044) (1,472,827)
Dividends paid on preferred shares (19,908) (1,833)
Dividends paid on common shares (72,964) (78,960)
Distributions to noncontrolling interests 0 2,078
Purchase of noncontrolling interests 0 (103,039)
Other (590) 0
Net cash provided by (used in) financing activities (116,630) (457,455)
Net increase (decrease) in cash, cash equivalents and restricted cash 181,911 846
Cash, cash equivalents and restricted cash, beginning of period 168,972 159,539
Cash, cash equivalents and restricted cash, end of period 350,883 160,385
Supplemental non-cash investing activities:    
Interest paid 131,457 160,211
Income taxes paid (refunded) 216 2,216
Right-of-use asset for leased property 196 7,862
Equipment purchases payable $ 46,569 $ 11,015