XML 127 R27.htm IDEA: XBRL DOCUMENT
v3.25.1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2025
Accounting Policies [Abstract] |
Schedule of Other Current Assets | Other current assets are summarized as follows:
| March 31, 2025 (unaudited) |  | December 31, 2024
Notes receivable | $ | 206,388 |  |  | $ | 165,338 |
Contract asset from the 2025 Partnership | 31,498 |  |  | — |
Prepaid expenses including prepayments for maintenance that has not yet been incurred | 65,426 |  |  | 87,323 |
Purchase deposits | 45,084 |  |  | 83,229 |
Financing receivable resulting from failed sale-leaseback transactions | 35,689 |  |  | 32,486 |
Other | 39,251 |  |  | 40,547 |
Other current assets | $ | 423,336 |  |  | $ | 408,923 |
Schedule of Other Non-current Assets | Other non-current assets are summarized as follows:
| March 31, 2025 (unaudited) |  | December 31, 2024
Lease incentives | $ | 49,425 |  |  | $ | 56,812 |
Deferred tax assets | 39,656 |  |  | 42,893 |
Financing receivable resulting from failed sale-leaseback transactions | 26,519 |  |  | 28,412 |
Maintenance right assets | 26,646 |  |  | 25,907 |
Other | 50,110 |  |  | 54,406 |
Other non-current assets | $ | 192,356 |  |  | $ | 208,430 |
Schedule of Cash and Noncash Related Activities | The cash and noncash related activities described above during the three months ended March 31, 2025 and 2024 are detailed below (unaudited):
| Three Months Ended March 31,
(in thousands) | 2025 |  | 2024
Cost of modules and parts sold sourced from engines originally within leasing equipment | $ | 10,130 |  |  | $ | 12,752 |
Transfers of engines from leasing equipment to inventory for manufacturing and sale | 67,815 |  |  | 32,429 |
Transfers of inventory to leasing equipment for rebuilding and sale of engines | (85,928) |  |  | (40,267) |
Total outflows related to manufacturing modules and parts - included in net cash (used in) provided by operating activities | (159,607) |  |  | (42,771) |
Cash received for assets sold sourced from leasing equipment - inflow included in cash (used in) provided by operating activities | 21,182 |  |  | 20,050 |
Cash received for sales of leasing equipment that include components sourced from inventory - inflow included in cash used in investing activities | 145,450 |  |  | 43,898 |
Cash paid for engine and aircraft inventory - outflow included in cash provided by (used in) operating activities | (15,835) |  |  | — |
Summary of Assets and Liabilities Held for Sale | Assets and liabilities held for sale are summarized as follows (unaudited):
| March 31, 2025
Leasing equipment, net | $ | 437,546 |
Intangible assets, net | 22,024 |
Other non-current assets | 6,155 |
Assets held for sale | $ | 465,725 |
Current maintenance deposits | $ | 32,536 |
Current security deposits | 390 |
Non-current maintenance deposits | 13,156 |
Non-current security deposits | 11,001 |
Other non-current liabilities | 19,413 |
Liabilities held for sale | $ | 76,496 |

X
- References No definition available. + Details
Name: | us-gaap_AccountingPoliciesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of supplemental cash flow information for the periods presented. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 3 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-3 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483475/205-20-45-11 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 3A -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-3A Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-4A Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-4B Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5A -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-5A Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5B -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-5B Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5C -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-5C Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5D -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-5D Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-7 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-3A Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 20 -Topic 205 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-1 Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-3 + Details
Name: | us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of noncurrent assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(17)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_ScheduleOfOtherAssetsNoncurrentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the carrying amounts of other current assets. + References No definition available. + Details
Name: | us-gaap_ScheduleOfOtherCurrentAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration