XML 81 R71.htm IDEA: XBRL DOCUMENT v3.24.2.u1

Fair value measurements (Tables)

12 Months Ended

Dec. 31, 2023

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured 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, 2023 and 2022:

			December 31, 2023
			Total						Level 1						Level 2						Level 3
Assets
Derivative assets			$	130,614					$	—					$	130,614					$	—
Investments, at fair value			84,130						72,540						—						11,590
Liabilities
Derivative liabilities			$	80,840					$	—					$	80,840					$	—

			December 31, 2022
			Total						Level 1						Level 2						Level 3
Assets
Derivative assets			$	211,993					$	—					$	211,993					$	—
Investments, at fair value			59,081						39,081						—						20,000

Fair Value Measurement Inputs and Valuation Techniques

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, 2023, 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			$	358,462,405											Income approach						Discount rate						8					%
																					Non-contractual cash flows as a % of total cash flows						95					%

Fair Value, by Balance Sheet Grouping

The carrying amounts and fair values of our most significant financial instruments as of December 31, 2023 and 2022 were as follows:

			December 31, 2023
			Carrying value						Fair value						Level 1						Level 2						Level 3
Assets
Cash and cash equivalents			$	1,627,181					$	1,627,181					$	1,627,181					$	—					$	—
Restricted cash			198,285						198,285						198,285						—						—
Loans receivable			654,925						650,398						—						—						650,398
Notes receivable			663,644						663,644						—						—						663,644
Derivative assets			130,614						130,614						—						130,614						—
Investments, at fair value			84,130						84,130						72,540						—						11,590
			$	3,358,779					$	3,354,252					$	1,898,006					$	130,614					$	1,325,632
Liabilities
Debt			$	46,696,525		(a)			$	44,377,940					$	—					$	44,377,940					$	—
Derivative liabilities			80,840						80,840						—						80,840						—
			$	46,777,365					$	44,458,780					$	—					$	44,458,780					$	—

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

			December 31, 2022
			Carrying value						Fair value						Level 1						Level 2						Level 3
Assets
Cash and cash equivalents			$	1,597,147					$	1,597,147					$	1,597,147					$	—					$	—
Restricted cash			159,623						159,623						159,623						—						—
Loans receivable			351,357						329,650						—						—						329,650
Notes receivable			486,223						486,223						—						—						486,223
Investments, at fair value			59,081						59,081						39,081						—						20,000
Derivative assets			211,993						211,993						—						211,993						—
			$	2,865,424					$	2,843,717					$	1,795,851					$	211,993					$	835,873
Liabilities
Debt			$	46,801,683		(a)			$	42,525,932					$	—					$	42,525,932					$	—
			$	46,801,683					$	42,525,932					$	—					$	42,525,932					$	—

(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://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 103
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-103

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

+ 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
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-11

+ 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/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

+ Details

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