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CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Cash flows from operating activities:      
Net income $ 102,386 $ 39,622  
Adjustments to reconcile net income to net cash (used in) provided by operating activities:      
Equity in losses of unconsolidated entities [1],[2] 7,614 667  
Gain on sale of assets [3] (19,419) (58,061)  
Gain on insurance recoveries (30,125) 0  
Security deposits and maintenance claims included in earnings (3,559) (2,437)  
Equity-based compensation 4,889 510  
Depreciation and amortization 59,562 49,920  
Asset impairment 0 962  
Deferred income taxes 20,683 4,548  
Change in fair value of guarantees 316 (259)  
Amortization of lease intangibles and incentives 8,825 9,202  
Amortization of deferred financing costs 2,830 2,638  
Bad debt expense 150 0  
Other 60 (259)  
Change in:      
Accounts receivable (73,088) (27,945)  
Inventory (127,211) (6,877)  
Other assets (41,410) (1,845)  
Accounts payable and accrued liabilities 65,251 (10,252)  
Management fees payable to affiliate (260) 238  
Other liabilities (3,460) (717)  
Net cash used in operating activities (25,966) (345)  
Cash flows from investing activities:      
Investment in unconsolidated entities (19,967) 0  
Principal collections on finance leases 0 786  
Principal collections on notes receivable 989 1,964  
Acquisition of leasing equipment (267,417) (276,990)  
Investment in financing receivables (2,764) 0  
Acquisition of property, plant and equipment (4,156) (1,312)  
Acquisition of lease intangibles 1,282 862  
Deposits for acquisition of leasing equipment [4] (46,344) (25,535)  
Proceeds from sale of assets [5] 232,946 128,384  
Proceeds from settlement of insurance claims 30,125 0  
Proceeds from deposits on sale of leasing equipment 3,376 2,098  
Return of deposits for acquisition of leasing equipment 44,303 530  
Net cash used in investing activities (27,627) (169,213)  
Cash flows from financing activities:      
Proceeds from debt 290,000 210,000  
Repayment of debt (90,000) (35,000)  
Payment of deferred financing costs (39) (292)  
Receipt of security deposits under operating lease agreements 1,233 1,856  
Return of security deposits under operating lease agreements (300) 0  
Receipt of maintenance deposits under operating lease agreements 15,011 8,927  
Release of maintenance deposits under operating lease agreements (4,246) (3,056)  
Redemption of preferred shares (124,167) 0  
Cash dividends - ordinary shares (30,767) (30,074)  
Cash dividends - preferred shares (6,115) (8,335)  
Net cash provided by financing activities 50,610 144,026  
Net increase (decrease) in cash and cash equivalents and restricted cash (2,983) (25,532)  
Cash and cash equivalents and restricted cash, beginning of period 115,266 90,906 $ 90,906
Cash and cash equivalents and restricted cash, end of period 112,283 65,374 $ 115,266
Supplemental disclosure of non-cash investing and financing activities (see Note 2 for additional non-cash information):      
Receipt of notes receivable in connection with the sale of leasing equipment 34,602 31,968  
Acquisition of leasing equipment in accrued liabilities (8,341) (6,854)  
Receipt of leasing equipment in settlement of accounts receivable (2,634) 0  
Purchase deposits reclassified to leasing equipment from other assets upon acquisition (17,027) (11,808)  
Accounts receivable settled with maintenance deposits 5,756 (1,497)  
Accounts receivable settled with security deposits (601) (1,442)  
Accounts receivable settled with maintenance deposits $ (5,787) $ (18,964)  
[1] Includes the profit elimination of $(6,950) and $0 for the three months ended March 31, 2025 and 2024, respectively, for sales to the 2025 Partnership within the Aerospace Products segment.
[2] Includes the profit elimination of $(6,950) and $0 for the three months ended March 31, 2025 and 2024, respectively, for sales to the 2025 Partnership.
[3] Includes gain on sale of $10,870 and $0 for the three months ended March 31, 2025 and 2024, respectively, for sales to the 2025 Partnership.
[4] Includes deposits for acquisition of leasing equipment paid on behalf of the 2025 Partnership of $25,400 and $0 for the three months ended March 31, 2025 and 2024, respectively, and return of deposits for the acquisition of leasing equipment reimbursed from the 2025 Partnership of $42,813 and $0 for the three months ended March 31, 2025 and 2024, respectively.
[5] Includes proceeds from sale of assets of $58,892 and $0 for the three months ended March 31, 2025 and 2024, respectively, for sales to the 2025 Partnership.