XML 90 R71.htm IDEA: XBRL DOCUMENT v3.22.1

Fair value measurements (Tables)

12 Months Ended

Dec. 31, 2021

Fair Value Disclosures [Abstract]

Schedule of financial assets and liabilities measured at fair value on recurring basis

The following tables present our financial assets and liabilities that we measured at fair value on a recurring basis by level within the fair value hierarchy as of December 31, 2021 and 2020:

			December 31, 2021
			Total						Level 1						Level 2						Level 3
Assets
Investment, at fair value			$	38,367					$	38,367					$	—					$	—
Derivative assets			16,909						—						16,909						—
Liabilities
Derivative liabilities			$	71,197					$	—					$	71,197					$	—

			December 31, 2020
			Total						Level 1						Level 2						Level 3
Assets
Investment, at fair value			$	12,110					$	12,110					$	—					$	—
Derivative assets			3,303						—						3,303						—
Liabilities
Derivative liabilities			$	167,303					$	—					$	167,303					$	—

Valuation technique and related unobservable inputs

For flight equipment that we measured at fair value on a non-recurring basis, as a result of aircraft that were impaired, during the year ended December 31, 2021, the following table presents the fair value of such flight equipment that were impaired as of the measurement date, the valuation technique and the related unobservable inputs:

			Fair value												Valuation technique						Unobservable input						Weighted average
Flight equipment			$	160,946,898											Income approach						Discount rate						7					%
																					Non-contractual cash flows as a % of total cash flows						67					%

Schedule of carrying amounts and fair values of most significant financial instruments

The carrying amounts and fair values of our most significant financial instruments as of December 31, 2021 and 2020 were as follows:

			December 31, 2021
			Carrying value						Fair value						Level 1						Level 2						Level 3
Assets
Cash and cash equivalents			$	1,728,794					$	1,728,794					$	1,728,794					$	—					$	—
Restricted cash			185,959						185,959						185,959						—						—
Loans receivable			403,378						403,378						—						—						403,378
Notes receivable			616,883						616,883						—						—						616,883
Investment, at fair value			38,367						38,367						38,367						—						—
Derivative assets			16,909						16,909						—						16,909						—
			$	2,990,290					$	2,990,290					$	1,953,120					$	16,909					$	1,020,261
Liabilities
Debt			$	50,548,472		(a)			$	51,348,160					$	—					$	51,348,160					$	—
Derivative liabilities			71,197						71,197						—						71,197						—
			$	50,619,669					$	51,419,357					$	—					$	51,419,357					$	—

(a)Excludes debt issuance costs, debt discounts and debt premium.

			December 31, 2020
			Carrying value						Fair value						Level 1						Level 2						Level 3
Assets
Cash and cash equivalents			$	1,248,772					$	1,248,772					$	1,248,772					$	—					$	—
Restricted cash			246,518						246,518						246,518						—						—
Notes receivable			529,172						529,172						—						—						529,172
Investment, at fair value			12,110						12,110						12,110						—						—
Derivative assets			3,303						3,303						—						3,303						—
			$	2,039,875					$	2,039,875					$	1,507,400					$	3,303					$	529,172
Liabilities
Debt			$	28,934,904		(a)			$	29,798,305					$	—					$	29,798,305					$	—
Derivative liabilities			167,303						167,303						—						167,303						—
			$	29,102,207					$	29,965,608					$	—					$	29,965,608					$	—

(a)Excludes debt issuance costs, debt discounts and debt premium.

X

- Definition

Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (bbb)
-URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258

+ Details

Name:	us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=123594938&loc=d3e13467-108611

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258

+ Details

Name:	us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_FairValueDisclosuresAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258

+ Details

Name:	us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration