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 Partnership31,498 — 
Prepaid expenses including prepayments for maintenance that has not yet been incurred65,426 87,323 
Purchase deposits45,084 83,229 
Financing receivable resulting from failed sale-leaseback transactions35,689 32,486 
Other39,251 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 assets39,656 42,893 
Financing receivable resulting from failed sale-leaseback transactions 26,519 28,412 
Maintenance right assets26,646 25,907 
Other50,110 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)20252024
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 activities21,182 20,050 
Cash received for sales of leasing equipment that include components sourced from inventory - inflow included in cash used in investing activities145,450 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, net22,024 
Other non-current assets6,155 
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 liabilities19,413 
Liabilities held for sale $76,496