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CONDENSED, CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, unless otherwise specified
3 Months Ended 8 Months Ended 3 Months Ended 4 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2014
Sep. 30, 2013
Predecessor
May 13, 2014
Predecessor
Sep. 30, 2013
Predecessor
REVENUES AND OTHER INCOME          
Lease revenue $ 992,604 $ 1,517,172 $ 1,068,610 [1] $ 1,526,885 [1] $ 3,142,418 [1]
Net gain on sale of assets 2,786 2,786      
Flight equipment marketing and gain on aircraft sales     17,024 56,921 33,777
Other income 31,654 49,480 23,167 44,153 95,079
TOTAL REVENUES AND OTHER INCOME 1,027,044 1,569,438 1,108,801 1,627,959 3,271,274
EXPENSES          
Depreciation and amortization 370,237 563,459 459,426 [2] 666,134 [2] 1,386,793 [2]
Asset impairment 1,584 1,871 1,162,112 [3] 49,247 [4] 1,324,937 [4]
Interest expense 199,449 303,811 338,553 [5] 496,535 [5] 1,088,655 [5]
Loss on early extinguishment of debt         17,695
Leasing expenses 18,121 23,666 22,254 [6] 37,619 [6] 43,732 [6]
Transaction and integration related expenses 6,223 50,431      
Other expenses     99,230 3,298 108,174
Selling, general and administrative expenses 57,218 88,255 76,541 153,890 240,137
TOTAL EXPENSES 652,832 1,031,493 2,158,116 1,406,723 4,210,123
INCOME (LOSS) BEFORE INCOME TAXES 374,212 537,945 (1,049,315) 221,236 (938,849)
Provision (benefit) for income taxes 60,810 96,831 (367,237) 77,328 (339,557)
NET INCOME (LOSS) 313,402 441,114 (682,078) 143,908 (599,292)
NET INCOME ATTRIBUTABLE TO BENEFICIAL OWNERS $ 313,402 $ 441,114 $ (682,078) $ 143,908 $ (599,292)
[1] Amounts were presented as Rental of flight equipment in the Predecessor financial statements.
[2] Amounts were presented as Depreciation of flight equipment in the Predecessor financial statements.
[3] Amounts were presented separately as Aircraft impairment charges on flight equipment held for use of $1,104.6 million and Aircraft impairment charges and fair value adjustments on flight equipment sold or to be disposed of $57.5 million for the three months ended September 30, 2013 in the Predecessor financial statements.
[4] Amounts were presented separately as Aircraft impairment charges on flight equipment held for use of $0 and $1,139.9 million for the period beginning January 1, 2014 and ending May 13, 2014, and nine months ended September 30, 2013, respectively, and Aircraft impairment charges and fair value adjustments on flight equipment sold or to be disposed of $49.2 million and $185.1 million for the period beginning January 1, 2014 and ending May 13, 2014 and nine months ended September 30, 2013, respectively, in the Predecessor financial statements.
[5] Amounts were presented as Interest in the Predecessor financial statements.
[6] Amounts were presented as Aircraft costs in the Predecessor financial statements.