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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Statement of Cash Flows [Abstract]    
Net income $ 527,409 $ 581,291
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 827,616 844,942
Asset impairment 87,368 22,850
Amortization of debt issuance costs, debt discount, debt premium and lease premium 31,242 42,783
Amortization of fair value adjustments on debt (32,740) (45,961)
Maintenance rights write-off (a) [1] 65,265 144,267
Maintenance liability release to income (228,640) (89,985)
Net gain on sale of assets (68,368) (99,698)
Deferred income taxes 84,658 88,055
Collections of finance and sales-type leases 26,991 45,448
Unrealized gain on investment at fair value (13,942) 0
Other 133,876 92,232
Changes in operating assets and liabilities:    
Trade receivables (157,410) (21,075)
Other assets (349,746) (47,755)
Accounts payable, accrued expenses and other liabilities 3,229 (37,150)
Net cash provided by operating activities 936,808 1,520,244
Purchase of flight equipment (159,930) (1,483,186)
Proceeds from sale or disposal of assets 322,241 733,157
Prepayments on flight equipment (723,729) (579,217)
Other 0 (11)
Net cash used in investing activities (561,418) (1,329,257)
Issuance of debt 6,890,002 4,157,089
Repayment of debt (5,652,418) (4,618,972)
Debt issuance costs paid, net of debt premium received (27,157) (8,422)
Maintenance payments received 194,779 358,694
Maintenance payments returned (208,630) (206,456)
Security deposits received 43,791 147,200
Security deposits returned (150,767) (141,364)
Dividend paid to non-controlling interest holders and others (2,746) (3,045)
Repurchase of shares and tax withholdings on share-based compensation (118,836) (320,058)
Net cash provided by (used in) financing activities 968,018 (635,334)
Net increase (decrease) in cash, cash equivalents and restricted cash 1,343,408 (444,347)
Effect of exchange rate changes (634) (403)
Cash, cash equivalents and restricted cash at beginning of period 1,300,347 1,415,035
Cash, cash equivalents and restricted cash at beginning of period 2,643,121 970,285
Supplemental cash flow information:    
Interest paid, net of amounts capitalized 625,668 652,049
Income taxes refunded, net $ (9,587) $ (1,079)
[1] Maintenance rights write-off consisted of the following:
      End of Lease (“EOL”) and Maintenance Reserved (“MR”) contract maintenance rights expense
$28,078  $37,521  
      MR contract maintenance rights write-off due to maintenance liability release1,841  9,403  
      EOL contract maintenance rights write-off due to cash receipt35,346  97,343  
      Maintenance rights write-off$65,265  $144,267