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Supplemental guarantor financial information (Tables) - AGAT/AICDC Notes | 12 Months Ended
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Dec. 31, 2017
Condensed Financial Statements, Captions [Line Items] |
Condensed consolidated balance sheet | Condensed Consolidating Balance Sheet
| December 31, 2017
| AerCap Holdings N.V. |  | AerCap Global Aviation Trust |  | AerCap Ireland Capital Designated Activity Company |  | Guarantors(a) |  | Non- Guarantors |  | Eliminations |  | Total
| (U.S. Dollars in millions)
Assets |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 21 |  |  | $ | 222 |  |  | $ | 14 |  |  | $ | 1,227 |  |  | $ | 176 |  |  | $ | — |  |  | $ | 1,660 |
Restricted cash | — |  |  | — |  |  | — |  |  | 10 |  |  | 354 |  |  | — |  |  | 364 |
Flight equipment held for operating leases, net | — |  |  | 10,461 |  |  | — |  |  | 1,959 |  |  | 19,977 |  |  | — |  |  | 32,397 |
Maintenance rights intangible and lease premium, net | — |  |  | 758 |  |  | — |  |  | 35 |  |  | 709 |  |  | — |  |  | 1,502 |
Flight equipment held for sale | — |  |  | 168 |  |  | — |  |  | — |  |  | 463 |  |  | — |  |  | 631 |
Net investment in finance and sales-type leases | — |  |  | 520 |  |  | — |  |  | 193 |  |  | 283 |  |  | — |  |  | 996 |
Prepayments on flight equipment | — |  |  | 2,340 |  |  | — |  |  | 4 |  |  | 586 |  |  | — |  |  | 2,930 |
Investments including investments in subsidiaries | 9,632 |  |  | 1,066 |  |  | 8,037 |  |  | 5,670 |  |  | 122 |  |  | (24,405 | ) |  | 122 |
Intercompany receivables | 128 |  |  | 14,495 |  |  | 80 |  |  | 9,989 |  |  | 5,281 |  |  | (29,973 | ) |  | — |
Other assets | 96 |  |  | 603 |  |  | 85 |  |  | 366 |  |  | 288 |  |  | — |  |  | 1,438 |
Total Assets | $ | 9,877 |  |  | $ | 30,633 |  |  | $ | 8,216 |  |  | $ | 19,453 |  |  | $ | 28,239 |  |  | $ | (54,378 | ) |  | $ | 42,040 |
Liabilities and Equity |  |  |  |  |  |  |  |  |  |  |  |  |
Debt | $ | — |  |  | $ | 17,098 |  |  | $ | 398 |  |  | $ | 24 |  |  | $ | 10,901 |  |  | $ | — |  |  | $ | 28,421 |
Intercompany payables | 1,276 |  |  | 3,527 |  |  | 4,875 |  |  | 9,202 |  |  | 11,093 |  |  | (29,973 | ) |  | — |
Other liabilities | 22 |  |  | 1,950 |  |  | — |  |  | 471 |  |  | 2,537 |  |  | — |  |  | 4,980 |
Total liabilities | 1,298 |  |  | 22,575 |  |  | 5,273 |  |  | 9,697 |  |  | 24,531 |  |  | (29,973 | ) |  | 33,401 |
Total AerCap Holdings N.V. shareholders’ equity | 8,579 |  |  | 8,058 |  |  | 2,943 |  |  | 9,684 |  |  | 3,721 |  |  | (24,405 | ) |  | 8,580 |
Non-controlling interest | — |  |  | — |  |  | — |  |  | 72 |  |  | (13 | ) |  | — |  |  | 59 |
Total Equity | 8,579 |  |  | 8,058 |  |  | 2,943 |  |  | 9,756 |  |  | 3,708 |  |  | (24,405 | ) |  | 8,639 |
Total Liabilities and Equity | $ | 9,877 |  |  | $ | 30,633 |  |  | $ | 8,216 |  |  | $ | 19,453 |  |  | $ | 28,239 |  |  | $ | (54,378 | ) |  | $ | 42,040 |
(a)Guarantors consist of AerCap U.S. Global Aviation LLC, AerCap Aviation Solutions B.V., AerCap Ireland Ltd. and ILFC. Condensed Consolidating Balance Sheet
| December 31, 2016
| AerCap Holdings N.V. |  | AerCap Global Aviation Trust |  | AerCap Ireland Capital Designated Activity Company |  | Guarantors(a) |  | Non- Guarantors |  | Eliminations |  | Total
| (U.S. Dollars in millions)
Assets |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 4 |  |  | $ | 829 |  |  | $ | 64 |  |  | $ | 931 |  |  | $ | 207 |  |  | $ | — |  |  | $ | 2,035 |
Restricted cash | — |  |  | — |  |  | — |  |  | 9 |  |  | 320 |  |  | — |  |  | 329 |
Flight equipment held for operating leases, net | — |  |  | 11,012 |  |  | — |  |  | 1,299 |  |  | 19,191 |  |  | — |  |  | 31,502 |
Maintenance rights intangible and lease premium, net | — |  |  | 1,190 |  |  | — |  |  | 52 |  |  | 926 |  |  | — |  |  | 2,168 |
Flight equipment held for sale | — |  |  | 28 |  |  | — |  |  | — |  |  | 79 |  |  | — |  |  | 107 |
Net investment in finance and sales-type leases | — |  |  | 437 |  |  | — |  |  | 166 |  |  | 154 |  |  | — |  |  | 757 |
Prepayments on flight equipment | — |  |  | 3,006 |  |  | — |  |  | 5 |  |  | 255 |  |  | — |  |  | 3,266 |
Investments including investments in subsidiaries | 9,310 |  |  | 874 |  |  | 7,249 |  |  | 4,941 |  |  | 119 |  |  | (22,374 | ) |  | 119 |
Intercompany receivables | 106 |  |  | 12,639 |  |  | 1 |  |  | 8,405 |  |  | 5,947 |  |  | (27,098 | ) |  | — |
Other assets | 104 |  |  | 538 |  |  | 60 |  |  | 632 |  |  | 171 |  |  | (168 | ) |  | 1,337 |
Total Assets | $ | 9,524 |  |  | $ | 30,553 |  |  | $ | 7,374 |  |  | $ | 16,440 |  |  | $ | 27,369 |  |  | $ | (49,640 | ) |  | $ | 41,620 |
Liabilities and Equity |  |  |  |  |  |  |  |  |  |  |  |  |
Debt | $ | — |  |  | $ | 17,316 |  |  | $ | — |  |  | $ | 340 |  |  | $ | 10,061 |  |  | $ | — |  |  | $ | 27,717 |
Intercompany payables | 978 |  |  | 3,726 |  |  | 5,057 |  |  | 7,067 |  |  | 10,270 |  |  | (27,098 | ) |  | — |
Other liabilities | 22 |  |  | 2,241 |  |  | 11 |  |  | 448 |  |  | 2,767 |  |  | (168 | ) |  | 5,321 |
Total liabilities | 1,000 |  |  | 23,283 |  |  | 5,068 |  |  | 7,855 |  |  | 23,098 |  |  | (27,266 | ) |  | 33,038 |
Total AerCap Holdings N.V. shareholders’ equity | 8,524 |  |  | 7,270 |  |  | 2,306 |  |  | 8,509 |  |  | 4,289 |  |  | (22,374 | ) |  | 8,524 |
Non-controlling interest | — |  |  | — |  |  | — |  |  | 76 |  |  | (18 | ) |  | — |  |  | 58 |
Total Equity | 8,524 |  |  | 7,270 |  |  | 2,306 |  |  | 8,585 |  |  | 4,271 |  |  | (22,374 | ) |  | 8,582 |
Total Liabilities and Equity | $ | 9,524 |  |  | $ | 30,553 |  |  | $ | 7,374 |  |  | $ | 16,440 |  |  | $ | 27,369 |  |  | $ | (49,640 | ) |  | $ | 41,620 |
(a)Guarantors consist of AerCap U.S. Global Aviation LLC, AerCap Aviation Solutions B.V., AerCap Ireland Ltd. and ILFC.
Condensed consolidated income statement | Condensed Consolidating Income Statement
| Year Ended December 31, 2017
| AerCap Holdings N.V. |  | AerCap Global Aviation Trust |  | AerCap Ireland Capital Designated Activity Company |  | Guarantors(a) |  | Non- Guarantors |  | Eliminations |  | Total
| (U.S. Dollars in millions)
Revenues and other income |  |  |  |  |  |  |  |  |  |  |  |  |
Lease revenue | $ | — |  |  | $ | 1,671 |  |  | $ | — |  |  | $ | 214 |  |  | $ | 2,829 |  |  | $ | — |  |  | $ | 4,714 |
Net gain on sale of assets | — |  |  | 113 |  |  | — |  |  | 20 |  |  | 96 |  |  | — |  |  | 229 |
Other income (loss) | 49 |  |  | 672 |  |  | 4 |  |  | 577 |  |  | 409 |  |  | (1,617 | ) |  | 94 |
Total Revenues and other income | 49 |  |  | 2,456 |  |  | 4 |  |  | 811 |  |  | 3,334 |  |  | (1,617 | ) |  | 5,037 |
Expenses |  |  |  |  |  |  |  |  |  |  |  |  |
Depreciation and amortization | — |  |  | 630 |  |  | — |  |  | 87 |  |  | 1,010 |  |  | — |  |  | 1,727 |
Asset impairment | — |  |  | 9 |  |  | — |  |  | 3 |  |  | 49 |  |  | — |  |  | 61 |
Interest expense | — |  |  | 759 |  |  | 176 |  |  | 410 |  |  | 1,108 |  |  | (1,341 | ) |  | 1,112 |
Leasing expenses | — |  |  | 258 |  |  | — |  |  | 30 |  |  | 250 |  |  | — |  |  | 538 |
Transaction, integration and restructuring related expenses | — |  |  | — |  |  | — |  |  | — |  |  | 15 |  |  | — |  |  | 15 |
Selling, general and administrative expenses | 97 |  |  | 105 |  |  | — |  |  | 135 |  |  | 287 |  |  | (276 | ) |  | 348 |
Total Expenses | 97 |  |  | 1,761 |  |  | 176 |  |  | 665 |  |  | 2,719 |  |  | (1,617 | ) |  | 3,801 |
(Loss) income before income taxes and income of investments accounted for under the equity method | (48 | ) |  | 695 |  |  | (172 | ) |  | 146 |  |  | 615 |  |  | — |  |  | 1,236 |
Provision for income taxes | 6 |  |  | (87 | ) |  | 21 |  |  | (33 | ) |  | (72 | ) |  | — |  |  | (165 | )
Equity in net earnings of investments accounted for under the equity method | — |  |  | — |  |  | — |  |  | — |  |  | 9 |  |  | — |  |  | 9 |
Net (loss) income before income from subsidiaries | (42 | ) |  | 608 |  |  | (151 | ) |  | 113 |  |  | 552 |  |  | — |  |  | 1,080 |
Income (loss) from subsidiaries | 1,118 |  |  | 167 |  |  | 774 |  |  | 831 |  |  | (901 | ) |  | (1,989 | ) |  | — |
Net income (loss) | $ | 1,076 |  |  | $ | 775 |  |  | $ | 623 |  |  | $ | 944 |  |  | $ | (349 | ) |  | $ | (1,989 | ) |  | $ | 1,080 |
Net income attributable to non-controlling interest | — |  |  | — |  |  | — |  |  | — |  |  | (4 | ) |  | — |  |  | (4 | )
Net income (loss) attributable to AerCap Holdings N.V. | $ | 1,076 |  |  | $ | 775 |  |  | $ | 623 |  |  | $ | 944 |  |  | $ | (353 | ) |  | $ | (1,989 | ) |  | $ | 1,076 |
(a) | Guarantors consist of AerCap U.S. Global Aviation LLC, AerCap Aviation Solutions B.V., AerCap Ireland Ltd. and ILFC.
Condensed Consolidating Income Statement
| Year Ended December 31, 2016
| AerCap Holdings N.V. |  | AerCap Global Aviation Trust |  | AerCap Ireland Capital Designated Activity Company |  | Guarantors(a) |  | Non- Guarantors |  | Eliminations |  | Total
| (U.S. Dollars in millions)
Revenues and other income |  |  |  |  |  |  |  |  |  |  |  |  |
Lease revenue | $ | — |  |  | $ | 2,058 |  |  | $ | — |  |  | $ | 205 |  |  | $ | 2,605 |  |  | $ | — |  |  | $ | 4,868 |
Net gain on sale of assets | — |  |  | 33 |  |  | — |  |  | 6 |  |  | 100 |  |  | — |  |  | 139 |
Other income (loss) | 6 |  |  | 653 |  |  | — |  |  | 552 |  |  | 359 |  |  | (1,425 | ) |  | 145 |
Total Revenues and other income | 6 |  |  | 2,744 |  |  | — |  |  | 763 |  |  | 3,064 |  |  | (1,425 | ) |  | 5,152 |
Expenses |  |  |  |  |  |  |  |  |  |  |  |  |
Depreciation and amortization | — |  |  | 770 |  |  | — |  |  | 72 |  |  | 949 |  |  | — |  |  | 1,791 |
Asset impairment | — |  |  | 32 |  |  | — |  |  | — |  |  | 50 |  |  | — |  |  | 82 |
Interest expense | — |  |  | 753 |  |  | 184 |  |  | 385 |  |  | 955 |  |  | (1,185 | ) |  | 1,092 |
Leasing expenses | — |  |  | 290 |  |  | — |  |  | 27 |  |  | 266 |  |  | — |  |  | 583 |
Transaction, integration and restructuring related expenses | — |  |  | — |  |  | — |  |  | — |  |  | 53 |  |  | — |  |  | 53 |
Selling, general and administrative expenses | 60 |  |  | 120 |  |  | 1 |  |  | 102 |  |  | 308 |  |  | (240 | ) |  | 351 |
Total Expenses | 60 |  |  | 1,965 |  |  | 185 |  |  | 586 |  |  | 2,581 |  |  | (1,425 | ) |  | 3,952 |
(Loss) income before income taxes and income of investments accounted for under the equity method | (54 | ) |  | 779 |  |  | (185 | ) |  | 177 |  |  | 483 |  |  | — |  |  | 1,200 |
Provision for income taxes | 7 |  |  | (97 | ) |  | 23 |  |  | (36 | ) |  | (70 | ) |  | — |  |  | (173 | )
Equity in net earnings of investments accounted for under the equity method | — |  |  | — |  |  | — |  |  | — |  |  | 13 |  |  | — |  |  | 13 |
Net (loss) income before income from subsidiaries | (47 | ) |  | 682 |  |  | (162 | ) |  | 141 |  |  | 426 |  |  | — |  |  | 1,040 |
Income (loss) from subsidiaries | 1,094 |  |  | 237 |  |  | 919 |  |  | 701 |  |  | (867 | ) |  | (2,084 | ) |  | — |
Net income (loss) | $ | 1,047 |  |  | $ | 919 |  |  | $ | 757 |  |  | $ | 842 |  |  | $ | (441 | ) |  | $ | (2,084 | ) |  | $ | 1,040 |
Net loss attributable to non-controlling interest | — |  |  | — |  |  | — |  |  | — |  |  | 7 |  |  | — |  |  | 7 |
Net income (loss) attributable to AerCap Holdings N.V. | $ | 1,047 |  |  | $ | 919 |  |  | $ | 757 |  |  | $ | 842 |  |  | $ | (434 | ) |  | $ | (2,084 | ) |  | $ | 1,047 |
(a) | Guarantors consist of AerCap U.S. Global Aviation LLC, AerCap Aviation Solutions B.V., AerCap Ireland Ltd. and ILFC.
Condensed Consolidating Income Statement
| Year Ended December 31, 2015
| AerCap Holdings N.V. |  | AerCap Global Aviation Trust |  | AerCap Ireland Capital Designated Activity Company |  | Guarantors(a) |  | Non- Guarantors |  | Eliminations |  | Total
| (U.S. Dollars in millions)
Revenues and other income |  |  |  |  |  |  |  |  |  |  |  |  |
Lease revenue | $ | — |  |  | $ | 2,355 |  |  | $ | — |  |  | $ | 134 |  |  | $ | 2,503 |  |  | $ | — |  |  | $ | 4,992 |
Net gain on sale of assets | — |  |  | 168 |  |  | — |  |  | 13 |  |  | 2 |  |  | — |  |  | 183 |
Other income (loss) | 9 |  |  | 599 |  |  | 14 |  |  | 479 |  |  | 319 |  |  | (1,307 | ) |  | 113 |
Total Revenues and other income | 9 |  |  | 3,122 |  |  | 14 |  |  | 626 |  |  | 2,824 |  |  | (1,307 | ) |  | 5,288 |
Expenses |  |  |  |  |  |  |  |  |  |  |  |  |
Depreciation and amortization | — |  |  | 868 |  |  | — |  |  | 65 |  |  | 910 |  |  | — |  |  | 1,843 |
Asset impairment | — |  |  | 3 |  |  | — |  |  | — |  |  | 13 |  |  | — |  |  | 16 |
Interest expense | 12 |  |  | 780 |  |  | 164 |  |  | 359 |  |  | 735 |  |  | (950 | ) |  | 1,100 |
Leasing expenses | — |  |  | 266 |  |  | — |  |  | 61 |  |  | 195 |  |  | — |  |  | 522 |
Transaction, integration and restructuring related expenses | — |  |  | — |  |  | — |  |  | 9 |  |  | 50 |  |  | — |  |  | 59 |
Selling, general and administrative expenses | 108 |  |  | 112 |  |  | — |  |  | 257 |  |  | 262 |  |  | (357 | ) |  | 382 |
Total Expenses | 120 |  |  | 2,029 |  |  | 164 |  |  | 751 |  |  | 2,165 |  |  | (1,307 | ) |  | 3,922 |
(Loss) income before income taxes and income of investments accounted for under the equity method | (111 | ) |  | 1,093 |  |  | (150 | ) |  | (125 | ) |  | 659 |  |  | — |  |  | 1,366 |
Provision for income taxes | 28 |  |  | (136 | ) |  | 19 |  |  | 38 |  |  | (139 | ) |  | — |  |  | (190 | )
Equity in net earnings of investments accounted for under the equity method | — |  |  | — |  |  | — |  |  | — |  |  | 1 |  |  | — |  |  | 1 |
Net (loss) income before income from subsidiaries | (83 | ) |  | 957 |  |  | (131 | ) |  | (87 | ) |  | 521 |  |  | — |  |  | 1,177 |
Income (loss) from subsidiaries | 1,262 |  |  | 104 |  |  | 1,060 |  |  | 933 |  |  | (1,090 | ) |  | (2,269 | ) |  | — |
Net income (loss) | $ | 1,179 |  |  | $ | 1,061 |  |  | $ | 929 |  |  | $ | 846 |  |  | $ | (569 | ) |  | $ | (2,269 | ) |  | $ | 1,177 |
Net loss attributable to non-controlling interest | — |  |  | — |  |  | — |  |  | — |  |  | 2 |  |  | — |  |  | 2 |
Net income (loss) attributable to AerCap Holdings N.V. | $ | 1,179 |  |  | $ | 1,061 |  |  | $ | 929 |  |  | $ | 846 |  |  | $ | (567 | ) |  | $ | (2,269 | ) |  | $ | 1,179 |
(a) | Guarantors consist of AerCap U.S. Global Aviation LLC, AerCap Aviation Solutions B.V., AerCap Ireland Ltd. and ILFC.
Condensed consolidated statements of cash flows | Condensed Consolidating Statement of Cash Flows
| Year Ended December 31, 2017
| AerCap Holdings N.V. |  | AerCap Global Aviation Trust |  | AerCap Ireland Capital Designated Activity Company |  | Guarantors(a) |  | Non- Guarantors |  | Eliminations |  | Total
| (U.S. Dollars in millions)
Net income (loss) | $ | 1,076 |  |  | $ | 775 |  |  | $ | 623 |  |  | $ | 944 |  |  | $ | (349 | ) |  | $ | (1,989 | ) |  | $ | 1,080 |
Adjustments to reconcile net income (loss) to net cash provided by operating activities: |  |  |  |  |  |  |  |  |  |  |  |  |
(Income) loss from subsidiaries | (1,118 | ) |  | (167 | ) |  | (774 | ) |  | (831 | ) |  | 901 |  |  | 1,989 |  |  | — |
Depreciation and amortization | — |  |  | 630 |  |  | — |  |  | 87 |  |  | 1,010 |  |  | — |  |  | 1,727 |
Asset impairment | — |  |  | 9 |  |  | — |  |  | 3 |  |  | 49 |  |  | — |  |  | 61 |
Amortization of debt issuance costs and debt discount | — |  |  | 14 |  |  | 5 |  |  | 5 |  |  | 41 |  |  | — |  |  | 65 |
Amortization of lease premium intangibles | — |  |  | 4 |  |  | — |  |  | — |  |  | 10 |  |  | — |  |  | 14 |
Amortization of fair value adjustments on debt | — |  |  | (192 | ) |  | — |  |  | — |  |  | (3 | ) |  | — |  |  | (195 | )
Accretion of fair value adjustments on deposits and maintenance liabilities | — |  |  | 16 |  |  | — |  |  | 1 |  |  | 14 |  |  | — |  |  | 31 |
Maintenance rights write-off | — |  |  | 282 |  |  | — |  |  | 13 |  |  | 245 |  |  | — |  |  | 540 |
Maintenance liability release to income | — |  |  | (100 | ) |  | — |  |  | (23 | ) |  | (179 | ) |  | — |  |  | (302 | )
Net gain on sale of assets | — |  |  | (113 | ) |  | — |  |  | (20 | ) |  | (96 | ) |  | — |  |  | (229 | )
Deferred income taxes | (7 | ) |  | 87 |  |  | (19 | ) |  | 35 |  |  | 61 |  |  | — |  |  | 157 |
Restructuring related expenses | — |  |  | — |  |  | — |  |  | — |  |  | 5 |  |  | — |  |  | 5 |
Other | 62 |  |  | 9 |  |  | — |  |  | 45 |  |  | 5 |  |  | — |  |  | 121 |
Cash flow from operating activities before changes in working capital | 13 |  |  | 1,254 |  |  | (165 | ) |  | 259 |  |  | 1,714 |  |  | — |  |  | 3,075 |
Working capital | 1,143 |  |  | (163 | ) |  | (272 | ) |  | 693 |  |  | (1,336 | ) |  | — |  |  | 65 |
Net cash provided by (used in) operating activities | 1,156 |  |  | 1,091 |  |  | (437 | ) |  | 952 |  |  | 378 |  |  | — |  |  | 3,140 |
Purchase of flight equipment | — |  |  | (1,685 | ) |  | — |  |  | (549 | ) |  | (1,723 | ) |  | — |  |  | (3,957 | )
Proceeds from sale or disposal of assets | — |  |  | 893 |  |  | — |  |  | 137 |  |  | 749 |  |  | — |  |  | 1,779 |
Prepayments on flight equipment | — |  |  | (936 | ) |  | — |  |  | — |  |  | (332 | ) |  | — |  |  | (1,268 | )
Collections of finance and sales-type leases | — |  |  | 49 |  |  | — |  |  | 33 |  |  | 10 |  |  | — |  |  | 92 |
Movement in restricted cash | — |  |  | — |  |  | — |  |  | (1 | ) |  | (34 | ) |  | — |  |  | (35 | )
Other | — |  |  | (36 | ) |  | — |  |  | — |  |  | (2 | ) |  | — |  |  | (38 | )
Net cash used in investing activities | — |  |  | (1,715 | ) |  | — |  |  | (380 | ) |  | (1,332 | ) |  | — |  |  | (3,427 | )
Issuance of debt | — |  |  | 2,431 |  |  | 400 |  |  | — |  |  | 2,765 |  |  | — |  |  | 5,596 |
Repayment of debt | — |  |  | (2,400 | ) |  | — |  |  | (317 | ) |  | (1,978 | ) |  | — |  |  | (4,695 | )
Debt issuance costs paid | — |  |  | (28 | ) |  | (13 | ) |  | (3 | ) |  | (37 | ) |  | — |  |  | (81 | )
Maintenance payments received | — |  |  | 251 |  |  | — |  |  | 65 |  |  | 440 |  |  | — |  |  | 756 |
| Year Ended December 31, 2017
| AerCap Holdings N.V. |  | AerCap Global Aviation Trust |  | AerCap Ireland Capital Designated Activity Company |  | Guarantors(a) |  | Non- Guarantors |  | Eliminations |  | Total
| (U.S. Dollars in millions)
Maintenance payments returned | — |  |  | (216 | ) |  | — |  |  | (40 | ) |  | (267 | ) |  | — |  |  | (523 | )
Security deposits received | — |  |  | 58 |  |  | — |  |  | 30 |  |  | 98 |  |  | — |  |  | 186 |
Security deposits returned | — |  |  | (79 | ) |  | — |  |  | (11 | ) |  | (98 | ) |  | — |  |  | (188 | )
Repurchase of shares and tax withholdings on share-based compensation | (1,139 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (1,139 | )
Net cash (used in) provided by financing activities | (1,139 | ) |  | 17 |  |  | 387 |  |  | (276 | ) |  | 923 |  |  | — |  |  | (88 | )
Net increase (decrease) in cash and cash equivalents | 17 |  |  | (607 | ) |  | (50 | ) |  | 296 |  |  | (31 | ) |  | — |  |  | (375 | )
Cash and cash equivalents at beginning of period | 4 |  |  | 829 |  |  | 64 |  |  | 931 |  |  | 207 |  |  | — |  |  | 2,035 |
Cash and cash equivalents at end of period | $ | 21 |  |  | $ | 222 |  |  | $ | 14 |  |  | $ | 1,227 |  |  | $ | 176 |  |  | $ | — |  |  | $ | 1,660 |
(a) | Guarantors consist of AerCap U.S. Global Aviation LLC, AerCap Aviation Solutions B.V., AerCap Ireland Ltd. and ILFC.
Condensed Consolidating Statement of Cash Flows
| Year Ended December 31, 2016
| AerCap Holdings N.V. |  | AerCap Global Aviation Trust |  | AerCap Ireland Capital Designated Activity Company |  | Guarantors(a) |  | Non- Guarantors |  | Eliminations |  | Total
| (U.S. Dollars in millions)
Net income (loss) | $ | 1,047 |  |  | $ | 919 |  |  | $ | 757 |  |  | $ | 842 |  |  | $ | (441 | ) |  | $ | (2,084 | ) |  | $ | 1,040 |
Adjustments to reconcile net income (loss) to net cash provided by operating activities: |  |  |  |  |  |  |  |  |  |  |  |  |
(Income) loss from subsidiaries | (1,094 | ) |  | (237 | ) |  | (919 | ) |  | (701 | ) |  | 867 |  |  | 2,084 |  |  | — |
Depreciation and amortization | — |  |  | 770 |  |  | — |  |  | 72 |  |  | 949 |  |  | — |  |  | 1,791 |
Asset impairment | — |  |  | 32 |  |  | — |  |  | — |  |  | 50 |  |  | — |  |  | 82 |
Amortization of debt issuance costs and debt discount | — |  |  | 13 |  |  | 5 |  |  | 4 |  |  | 34 |  |  | — |  |  | 56 |
Amortization of lease premium intangibles | — |  |  | 7 |  |  | — |  |  | — |  |  | 13 |  |  | — |  |  | 20 |
Amortization of fair value adjustments on debt | — |  |  | (330 | ) |  | — |  |  | — |  |  | (6 | ) |  | — |  |  | (336 | )
Accretion of fair value adjustments on deposits and maintenance liabilities | — |  |  | 33 |  |  | — |  |  | 2 |  |  | 20 |  |  | — |  |  | 55 |
Maintenance rights write-off | — |  |  | 395 |  |  | — |  |  | 22 |  |  | 235 |  |  | — |  |  | 652 |
Maintenance liability release to income | — |  |  | (206 | ) |  | — |  |  | (19 | ) |  | (196 | ) |  | — |  |  | (421 | )
Net gain on sale of assets | — |  |  | (33 | ) |  | — |  |  | (6 | ) |  | (100 | ) |  | — |  |  | (139 | )
Deferred income taxes | (7 | ) |  | 98 |  |  | (22 | ) |  | 28 |  |  | 64 |  |  | — |  |  | 161 |
Restructuring related expenses | — |  |  | — |  |  | — |  |  | — |  |  | 34 |  |  | — |  |  | 34 |
Other | 63 |  |  | 13 |  |  | — |  |  | (7 | ) |  | 53 |  |  | — |  |  | 122 |
Cash flow from operating activities before changes in working capital | 9 |  |  | 1,474 |  |  | (179 | ) |  | 237 |  |  | 1,576 |  |  | — |  |  | 3,117 |
Working capital | 1,002 |  |  | 911 |  |  | 181 |  |  | (545 | ) |  | (1,285 | ) |  | — |  |  | 264 |
Net cash provided by (used in) operating activities | 1,011 |  |  | 2,385 |  |  | 2 |  |  | (308 | ) |  | 291 |  |  | — |  |  | 3,381 |
Purchase of flight equipment | — |  |  | (594 | ) |  | — |  |  | (298 | ) |  | (2,001 | ) |  | — |  |  | (2,893 | )
Proceeds from sale or disposal of assets | — |  |  | 998 |  |  | — |  |  | 158 |  |  | 1,211 |  |  | — |  |  | 2,367 |
Prepayments on flight equipment | — |  |  | (937 | ) |  | — |  |  | (9 | ) |  | (1 | ) |  | — |  |  | (947 | )
Collections of finance and sales-type leases | — |  |  | 26 |  |  | — |  |  | 22 |  |  | 26 |  |  | — |  |  | 74 |
Movement in restricted cash | — |  |  | — |  |  | — |  |  | 9 |  |  | 81 |  |  | — |  |  | 90 |
Other | — |  |  | — |  |  | — |  |  | (22 | ) |  | — |  |  | — |  |  | (22 | )
Net cash used in investing activities | — |  |  | (507 | ) |  | — |  |  | (140 | ) |  | (684 | ) |  | — |  |  | (1,331 | )
Issuance of debt | — |  |  | 1,012 |  |  | 35 |  |  | — |  |  | 2,595 |  |  | — |  |  | 3,642 |
Repayment of debt | — |  |  | (2,825 | ) |  | (35 | ) |  | (8 | ) |  | (2,346 | ) |  | — |  |  | (5,214 | )
Debt issuance costs paid | — |  |  | (9 | ) |  | — |  |  | (2 | ) |  | (24 | ) |  | — |  |  | (35 | )
Maintenance payments received | — |  |  | 292 |  |  | — |  |  | 39 |  |  | 465 |  |  | — |  |  | 796 |
| Year Ended December 31, 2016
| AerCap Holdings N.V. |  | AerCap Global Aviation Trust |  | AerCap Ireland Capital Designated Activity Company |  | Guarantors(a) |  | Non- Guarantors |  | Eliminations |  | Total
| (U.S. Dollars in millions)
Maintenance payments returned | — |  |  | (234 | ) |  | — |  |  | (30 | ) |  | (241 | ) |  | — |  |  | (505 | )
Security deposits received | — |  |  | 57 |  |  | — |  |  | 25 |  |  | 120 |  |  | — |  |  | 202 |
Security deposits returned | — |  |  | (111 | ) |  | — |  |  | (10 | ) |  | (150 | ) |  | — |  |  | (271 | )
Dividend paid to non-controlling interest holders | — |  |  | — |  |  | — |  |  | — |  |  | (11 | ) |  | — |  |  | (11 | )
Repurchase of shares and tax withholdings on share-based compensation | (1,021 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (1,021 | )
Net cash (used in) provided by financing activities | (1,021 | ) |  | (1,818 | ) |  | — |  |  | 14 |  |  | 408 |  |  | — |  |  | (2,417 | )
Net (decrease) increase in cash and cash equivalents | (10 | ) |  | 60 |  |  | 2 |  |  | (434 | ) |  | 15 |  |  | — |  |  | (367 | )
Effect of exchange rate changes | — |  |  | — |  |  | — |  |  | (1 | ) |  | — |  |  | — |  |  | (1 | )
Cash and cash equivalents at beginning of period | 14 |  |  | 769 |  |  | 62 |  |  | 1,366 |  |  | 192 |  |  | — |  |  | 2,403 |
Cash and cash equivalents at end of period | $ | 4 |  |  | $ | 829 |  |  | $ | 64 |  |  | $ | 931 |  |  | $ | 207 |  |  | $ | — |  |  | $ | 2,035 |
(a) | Guarantors consist of AerCap U.S. Global Aviation LLC, AerCap Aviation Solutions B.V., AerCap Ireland Ltd. and ILFC.
Condensed Consolidating Statement of Cash Flows
| Year Ended December 31, 2015
| AerCap Holdings N.V. |  | AerCap Global Aviation Trust |  | AerCap Ireland Capital Designated Activity Company |  | Guarantors(a) |  | Non- Guarantors |  | Eliminations |  | Total
| (U.S. Dollars in millions)
Net income (loss) | $ | 1,179 |  |  | $ | 1,061 |  |  | $ | 929 |  |  | $ | 846 |  |  | $ | (569 | ) |  | $ | (2,269 | ) |  | $ | 1,177 |
Adjustments to reconcile net income (loss) to net cash provided by operating activities: |  |  |  |  |  |  |  |  |  |  |  |  |
(Income) loss from subsidiaries | (1,262 | ) |  | (104 | ) |  | (1,060 | ) |  | (933 | ) |  | 1,090 |  |  | 2,269 |  |  | — |
Depreciation and amortization | — |  |  | 868 |  |  | — |  |  | 65 |  |  | 910 |  |  | — |  |  | 1,843 |
Asset impairment | — |  |  | 3 |  |  | — |  |  | — |  |  | 13 |  |  | — |  |  | 16 |
Amortization of debt issuance costs and debt discount | 1 |  |  | 10 |  |  | 5 |  |  | 10 |  |  | 20 |  |  | — |  |  | 46 |
Amortization of lease premium intangibles | — |  |  | 7 |  |  | — |  |  | — |  |  | 16 |  |  | — |  |  | 23 |
Amortization of fair value adjustments on debt | — |  |  | (435 | ) |  | — |  |  | — |  |  | (8 | ) |  | — |  |  | (443 | )
Accretion of fair value adjustments on deposits and maintenance liabilities | — |  |  | 65 |  |  | — |  |  | 1 |  |  | 10 |  |  | — |  |  | 76 |
Maintenance rights write-off | — |  |  | 350 |  |  | — |  |  | 17 |  |  | 262 |  |  | — |  |  | 629 |
Maintenance liability release to income | — |  |  | (141 | ) |  | — |  |  | (8 | ) |  | (95 | ) |  | — |  |  | (244 | )
Net gain on sale of assets | — |  |  | (168 | ) |  | — |  |  | (13 | ) |  | (2 | ) |  | — |  |  | (183 | )
Deferred income taxes | (28 | ) |  | 136 |  |  | (19 | ) |  | (38 | ) |  | 59 |  |  | — |  |  | 110 |
Restructuring related expenses | — |  |  | — |  |  | — |  |  | — |  |  | 49 |  |  | — |  |  | 49 |
Other | 64 |  |  | (36 | ) |  | — |  |  | 34 |  |  | 28 |  |  | — |  |  | 90 |
Cash flow from operating activities before changes in working capital | (46 | ) |  | 1,616 |  |  | (145 | ) |  | (19 | ) |  | 1,783 |  |  | — |  |  | 3,189 |
Working capital | 846 |  |  | (587 | ) |  | 193 |  |  | 618 |  |  | (899 | ) |  | — |  |  | 171 |
Net cash provided by operating activities | 800 |  |  | 1,029 |  |  | 48 |  |  | 599 |  |  | 884 |  |  | — |  |  | 3,360 |
Purchase of flight equipment | — |  |  | (1,476 | ) |  | — |  |  | (299 | ) |  | (997 | ) |  | — |  |  | (2,772 | )
Proceeds from sale or disposal of assets | — |  |  | 1,083 |  |  | — |  |  | 94 |  |  | 391 |  |  | — |  |  | 1,568 |
Prepayments on flight equipment | — |  |  | (585 | ) |  | — |  |  | — |  |  | (207 | ) |  | — |  |  | (792 | )
Collections of finance and sales-type leases | — |  |  | 17 |  |  | — |  |  | 12 |  |  | 26 |  |  | — |  |  | 55 |
Movement in restricted cash | — |  |  | — |  |  | — |  |  | (11 | ) |  | 309 |  |  | — |  |  | 298 |
Other | — |  |  | (73 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (73 | )
Net cash used in investing activities | — |  |  | (1,034 | ) |  | — |  |  | (204 | ) |  | (478 | ) |  | — |  |  | (1,716 | )
Issuance of debt | 300 |  |  | 2,500 |  |  | — |  |  | — |  |  | 1,114 |  |  | — |  |  | 3,914 |
Repayment of debt | (300 | ) |  | (2,010 | ) |  | — |  |  | (8 | ) |  | (1,726 | ) |  | — |  |  | (4,044 | )
Debt issuance costs paid | — |  |  | (17 | ) |  | — |  |  | — |  |  | (32 | ) |  | — |  |  | (49 | )
Maintenance payments received | — |  |  | 306 |  |  | — |  |  | 24 |  |  | 446 |  |  | — |  |  | 776 |
| Year Ended December 31, 2015
| AerCap Holdings N.V. |  | AerCap Global Aviation Trust |  | AerCap Ireland Capital Designated Activity Company |  | Guarantors(a) |  | Non- Guarantors |  | Eliminations |  | Total
| (U.S. Dollars in millions)
Maintenance payments returned | — |  |  | (244 | ) |  | — |  |  | (20 | ) |  | (294 | ) |  | — |  |  | (558 | )
Security deposits received | — |  |  | 97 |  |  | — |  |  | 25 |  |  | 49 |  |  | — |  |  | 171 |
Security deposits returned | — |  |  | (83 | ) |  | — |  |  | (47 | ) |  | (14 | ) |  | — |  |  | (144 | )
Repurchase of shares and tax withholdings on share-based compensation | (794 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (794 | )
Net cash (used in) provided by financing activities | (794 | ) |  | 549 |  |  | — |  |  | (26 | ) |  | (457 | ) |  | — |  |  | (728 | )
Net increase (decrease) in cash and cash equivalents | 6 |  |  | 544 |  |  | 48 |  |  | 369 |  |  | (51 | ) |  | — |  |  | 916 |
Effect of exchange rate changes | 1 |  |  | — |  |  | — |  |  | (9 | ) |  | 5 |  |  | — |  |  | (3 | )
Cash and cash equivalents at beginning of period | 7 |  |  | 225 |  |  | 14 |  |  | 1,006 |  |  | 238 |  |  | — |  |  | 1,490 |
Cash and cash equivalents at end of period | $ | 14 |  |  | $ | 769 |  |  | $ | 62 |  |  | $ | 1,366 |  |  | $ | 192 |  |  | $ | — |  |  | $ | 2,403 |
(a) | Guarantors consist of AerCap U.S. Global Aviation LLC, AerCap Aviation Solutions B.V., AerCap Ireland Ltd. and ILFC.
Condensed consolidated statement of comprehensive income | Condensed Consolidating Statement of Comprehensive Income
| Year Ended December 31, 2017
| AerCap Holdings N.V. |  | AerCap Global Aviation Trust |  | AerCap Ireland Capital Designated Activity Company |  | Guarantors(a) |  | Non- Guarantors |  | Eliminations |  | Total
| (U.S. Dollars in millions)
Net income (loss) | $ | 1,076 |  |  | $ | 775 |  |  | $ | 623 |  |  | $ | 944 |  |  | $ | (349 | ) |  | $ | (1,989 | ) |  | $ | 1,080 |
Other comprehensive income: |  |  |  |  |  |  |  |  |  |  |  |  |
Net change in fair value of derivatives, net of tax | — |  |  | — |  |  | — |  |  | 13 |  |  | 2 |  |  | — |  |  | 15 |
Actuarial gain on pension obligations, net of tax | — |  |  | — |  |  | — |  |  | — |  |  | 1 |  |  | — |  |  | 1 |
Total other comprehensive income | — |  |  | — |  |  | — |  |  | 13 |  |  | 3 |  |  | — |  |  | 16 |
Comprehensive income (loss) | 1,076 |  |  | 775 |  |  | 623 |  |  | 957 |  |  | (346 | ) |  | (1,989 | ) |  | 1,096 |
Comprehensive income attributable to non-controlling interest | — |  |  | — |  |  | — |  |  | — |  |  | (4 | ) |  | — |  |  | (4 | )
Total comprehensive income (loss) attributable to AerCap Holdings N.V. | $ | 1,076 |  |  | $ | 775 |  |  | $ | 623 |  |  | $ | 957 |  |  | $ | (350 | ) |  | $ | (1,989 | ) |  | $ | 1,092 |
(a) | Guarantors consist of AerCap U.S. Global Aviation LLC, AerCap Aviation Solutions B.V., AerCap Ireland Ltd. and ILFC.
Condensed Consolidating Statement of Comprehensive Income
| Year Ended December 31, 2016
| AerCap Holdings N.V. |  | AerCap Global Aviation Trust |  | AerCap Ireland Capital Designated Activity Company |  | Guarantors(a) |  | Non- Guarantors |  | Eliminations |  | Total
| (U.S. Dollars in millions)
Net income (loss) | $ | 1,047 |  |  | $ | 919 |  |  | $ | 757 |  |  | $ | 842 |  |  | $ | (441 | ) |  | $ | (2,084 | ) |  | $ | 1,040 |
Other comprehensive (loss) income: |  |  |  |  |  |  |  |  |  |  |  |  |
Net change in fair value of derivatives, net of tax | — |  |  | — |  |  | — |  |  | — |  |  | 6 |  |  | — |  |  | 6 |
Actuarial loss on pension obligations, net of tax | — |  |  | — |  |  | — |  |  | (2 | ) |  | — |  |  | — |  |  | (2 | )
Total other comprehensive (loss) income | — |  |  | — |  |  | — |  |  | (2 | ) |  | 6 |  |  | — |  |  | 4 |
Comprehensive income (loss) | 1,047 |  |  | 919 |  |  | 757 |  |  | 840 |  |  | (435 | ) |  | (2,084 | ) |  | 1,044 |
Comprehensive loss attributable to non-controlling interest | — |  |  | — |  |  | — |  |  | — |  |  | 7 |  |  | — |  |  | 7 |
Total comprehensive income (loss) attributable to AerCap Holdings N.V. | $ | 1,047 |  |  | $ | 919 |  |  | $ | 757 |  |  | $ | 840 |  |  | $ | (428 | ) |  | $ | (2,084 | ) |  | $ | 1,051 |
(a) | Guarantors consist of AerCap U.S. Global Aviation LLC, AerCap Aviation Solutions B.V., AerCap Ireland Ltd. and ILFC.
Condensed Consolidating Statement of Comprehensive Income
| Year Ended December 31, 2015
| AerCap Holdings N.V. |  | AerCap Global Aviation Trust |  | AerCap Ireland Capital Designated Activity Company |  | Guarantors(a) |  | Non- Guarantors |  | Eliminations |  | Total
| (U.S. Dollars in millions)
Net income (loss) | $ | 1,179 |  |  | $ | 1,061 |  |  | $ | 929 |  |  | $ | 846 |  |  | $ | (569 | ) |  | $ | (2,269 | ) |  | $ | 1,177 |
Other comprehensive income: |  |  |  |  |  |  |  |  |  |  |  |  |
Net change in fair value of derivatives, net of tax | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Actuarial loss on pension obligations, net of tax | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total other comprehensive income | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Comprehensive income (loss) | 1,179 |  |  | 1,061 |  |  | 929 |  |  | 846 |  |  | (569 | ) |  | (2,269 | ) |  | 1,177 |
Comprehensive loss attributable to non-controlling interest | — |  |  | — |  |  | — |  |  | — |  |  | 2 |  |  | — |  |  | 2 |
Total comprehensive income (loss) attributable to AerCap Holdings N.V. | $ | 1,179 |  |  | $ | 1,061 |  |  | $ | 929 |  |  | $ | 846 |  |  | $ | (567 | ) |  | $ | (2,269 | ) |  | $ | 1,179 |
(a) | Guarantors consist of AerCap U.S. Global Aviation LLC, AerCap Aviation Solutions B.V., AerCap Ireland Ltd. and ILFC.

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