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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Statement of Cash Flows [Abstract]    
Net income (loss) $ 204,082 $ 269,510
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 402,235 403,324
Amortization of deferred debt cost and other debt related amortization 10,789 9,718
Lease related amortization 18,358 32,317
Share-based compensation expense 7,919 7,238
Net (gain) loss on sale of leasing equipment (19,351) (22,184)
Unrealized (gain) loss on derivative instruments 286 2,757
Debt termination expense 24,376 2,428
Deferred income taxes 28,441 18,885
Changes in operating assets and liabilities:    
Accounts receivable (7,325) 22,006
Accounts payable and other accrued expenses (8,832) (7,202)
Net equipment sold (purchased) for resale activity 5,185 (1,798)
Cash collections on finance lease receivables, net of income earned 60,913 53,706
Other assets (44,735) (11,198)
Net cash provided by (used in) operating activities 682,341 779,507
Cash flows from investing activities:    
Purchases of leasing equipment and investments in finance leases (354,425) (160,518)
Proceeds from sale of equipment, net of selling costs 182,819 163,033
Other (183) (245)
Net cash provided by (used in) investing activities (171,789) 2,270
Cash flows from financing activities:    
Issuance of preferred shares, net of underwriting discount 145,275 221,790
Purchases of treasury shares (107,186) (209,592)
Redemption of common shares for withholding taxes (2,156) (5,666)
Debt issuance costs (22,588) (8,709)
Borrowings under debt facilities 3,297,445 1,417,200
Payments under debt facilities and finance lease obligations (3,514,140) (1,970,334)
Dividends paid on preferred shares (30,420) (6,253)
Dividends paid on common shares (108,421) (116,519)
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 (342,781) (783,200)
Net increase (decrease) in cash, cash equivalents and restricted cash 167,771 (1,423)
Cash, cash equivalents and restricted cash, beginning of period 168,972 159,539
Cash, cash equivalents and restricted cash, end of period 336,743 158,116
Supplemental non-cash investing activities:    
Interest paid 181,576 224,033
Income taxes paid (refunded) 440 2,504
Right-of-use asset for leased property 196 7,206
Equipment purchases payable $ 96,798 $ 34,922