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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Dec. 31, 2021
Cash flows from operating activities:              
Net loss $ (18,929) $ (39,443) $ (219,899) $ (71,484) $ (238,828) $ (110,927)  
Adjustments to reconcile net loss to net cash used in operating activities:              
Equity in losses of unconsolidated entities         46,727 9,860  
Gain on sale of assets, net         (106,427) (17,483)  
Security deposits and maintenance claims included in earnings         (31,558) (30,866)  
Loss on extinguishment of debt 19,861 0     19,861 3,254  
Equity-based compensation         2,623 3,281  
Depreciation and amortization         155,780 145,274  
Asset impairment 4,495 859     128,171 3,048  
Change in deferred income taxes         14,923 (2,311)  
Change in fair value of non-hedge derivative         (1,567) (1,979)  
Amortization of lease intangibles and incentives         30,315 21,348  
Amortization of deferred financing costs         17,142 18,853  
Provision for credit losses         47,226 817  
Other         (693) (240)  
Change in:              
Accounts receivable         (61,892) (100,821)  
Other assets         (23,576) (34,499)  
Inventory         (13,370) 0  
Accounts payable and accrued liabilities         4,329 71,285  
Management fees payable to affiliate         (2,530) (844)  
Other liabilities         (7,955) 2,242  
Net cash used in operating activities         (21,299) (20,708)  
Cash flows from investing activities:              
Investment in unconsolidated entities         (7,344) (54,499)  
Principal collections on finance leases         2,165 1,707  
Acquisition of business, net of cash acquired         (3,819) (627,399)  
Acquisition of leasing equipment         (360,642) (299,564)  
Acquisition of property, plant and equipment         (138,750) (109,405)  
Acquisition of lease intangibles         (6,542) (7,403)  
Purchase deposits for acquisitions         (28,621) (13,790)  
Proceeds from sale of leasing equipment         262,096 78,463  
Proceeds from sale of property, plant and equipment         5,289 0  
Proceeds for deposit on sale of aircraft and engine         7,801 600  
Return of purchase deposits         0 1,010  
Net cash used in investing activities         (268,367) (1,030,280)  
Cash flows from financing activities:              
Proceeds from debt         503,980 2,553,600  
Repayment of debt         (984,529) (1,452,704)  
Payment of deferred financing costs         (18,151) (45,123)  
Receipt of security deposits         2,636 1,390  
Return of security deposits         (941) (1,034)  
Receipt of maintenance deposits         37,586 23,075  
Capital contributions from non-controlling interests         1,187 0  
Release of maintenance deposits         (878) (19,615)  
Proceeds from issuance of common shares, net of underwriter's discount         0 291,822  
Proceeds from issuance of preferred shares, net of underwriter's discount and issuance costs         0 101,201  
Dividend from spin-off of FTAI Infrastructure, net of cash transferred         500,562 0  
Settlement of equity-based compensation         (148) (421)  
Cash dividends - common shares         (98,584) (85,204)  
Cash dividends - preferred shares         (20,373) (17,967)  
Net cash (used in) provided by financing activities         (77,653) 1,349,020  
Net (decrease) increase in cash and cash equivalents and restricted cash         (367,319) 298,032  
Cash and cash equivalents and restricted cash, beginning of period     $ 440,061 $ 161,418 440,061 161,418 $ 161,418
Cash and cash equivalents and restricted cash, end of period $ 72,742 $ 459,450     72,742 459,450 $ 440,061
Supplemental disclosure of non-cash investing and financing activities:              
Acquisition of leasing equipment         124,932 66,988  
Acquisition of property, plant and equipment         (762) (1,062)  
Settled and assumed security deposits         (12,161) (1,909)  
Billed, assumed and settled maintenance deposits         (73,808) (30,302)  
Non-cash change in equity method investment         (182,963) (77,518)  
Conversion of interests in unconsolidated entities         (21,302) 0  
Issuance of common shares         $ 399 $ 455