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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities    
Net income (loss) $ 209,578,000 $ 307,053,000
Adjustments to reconcile net income to cash flows provided by operating activities:    
Non-cash leasing and financing adjustments 6,226,000 (4,789,000)
Stock-based compensation 3,361,000 2,417,000
Depreciation 2,080,000 1,948,000
Amortization of debt issuance costs and original issue discount 11,136,000 3,364,000
Change in allowance for credit losses 84,028,000 0
Loss on extinguishment of debt 39,059,000 0
Change in operating assets and liabilities:    
Other assets 596,000 (6,924,000)
Accrued interest 28,675,000 (219,000)
Deferred revenue (69,982,000) (43,600,000)
Other liabilities 3,740,000 3,692,000
Net cash provided by operating activities 318,497,000 262,942,000
Cash flows from investing activities    
Investments in leases - financing receivables (847,159,000) 0
Investments in loans (50,343,000) 0
Investments in leases - direct financing and sales-type 0 (970,763,000)
Principal repayments of lease financing receivables 868,000 0
Capitalized transaction costs (1,084,000) (1,105,000)
Investments in short-term investments 0 (97,586,000)
Maturities of short-term investments 59,474,000 520,877,000
Proceeds from sale of land 0 1,044,000
Acquisition of property and equipment (2,187,000) (1,481,000)
Net cash used in investing activities (840,431,000) (549,014,000)
Cash flows from financing activities    
Proceeds from offering of common stock, net 1,476,717,000 1,165,008,000
Proceeds from issuance of unsecured debt 2,500,000,000 0
Redemption of Second Lien Notes (537,538,000) 0
Repurchase of stock for tax withholding (206,000) 0
Debt issuance costs (57,784,000) (5,371,000)
Distributions to non-controlling interest (4,083,000) (4,042,000)
Dividends paid (276,529,000) (234,418,000)
Net cash provided by financing activities 3,100,577,000 921,177,000
Net increase in cash, cash equivalents and restricted cash 2,578,643,000 635,105,000
Cash, cash equivalents and restricted cash, beginning of period 1,101,893,000 598,447,000
Cash, cash equivalents and restricted cash, end of period 3,680,536,000 1,233,552,000
Supplemental cash flow information:    
Cash paid for interest 113,974,000 105,484,000
Cash paid for income taxes 0 1,500,000
Supplemental non-cash investing and financing activity:    
Dividends declared, not paid 158,767,000 132,539,000
Lease liabilities arising from obtaining right-of-use assets 0 11,133,000
Deferred transaction costs payable 2,305,000 4,454,000
Equity issuance costs payable 1,040,000 650,000
Debt issuance costs payable $ 0 $ 5,783,000