XML 40 R27.htm IDEA: XBRL DOCUMENT v3.25.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 6 Months Ended
Jun. 30, 2025
Accounting Policies [Abstract]  
Schedule of Other Current Assets Other current assets are summarized as follows:
June 30, 2025
(unaudited)		December 31, 2024
Notes receivable$182,720 $165,338 
Financing receivable resulting from failed sale-leaseback transactions39,606 32,486 
Prepaid expenses including prepayments for maintenance that has not yet been incurred30,605 87,323 
Purchase deposits22,120 83,229 
Maintenance right assets20,844 — 
Tax assets19,776 31,622 
Contract asset from the 2025 Partnership15,184 — 
Other12,370 8,925 
Other current assets$343,225 $408,923 
Schedule of Other Non-current Assets Other non-current assets are summarized as follows:
June 30, 2025
(unaudited)		December 31, 2024
Lease incentives$47,695 $56,812 
Deferred tax assets34,681 42,893 
Operating lease assets27,592 28,729 
Financing receivable resulting from failed sale-leaseback transactions 21,215 28,412 
Maintenance right assets16,658 25,907 
Engine management contract assets9,550 7,162 
Other8,903 18,515 
Other non-current assets$166,294 $208,430 
Schedule of Other Current Liabilities Other current liabilities are summarized as follows:
June 30, 2025
(unaudited)		December 31, 2024
Deposits on sales of leasing equipment34,216 $87,296 
Other9,406 13,269 
Other current liabilities$43,622 $100,565 
Schedule of Assets and Liabilities Held for Sale
Assets and liabilities held for sale are summarized as follows (unaudited):
June 30, 2025
Leasing equipment, net$120,773 
Intangible assets, net158 
Other non-current assets917 
Assets held for sale $121,848 
Current maintenance deposits $19,322 
Current security deposits — 
Non-current maintenance deposits 3,456 
Non-current security deposits 2,738 
Other non-current liabilities5,367 
Liabilities held for sale $30,883 
Schedule of Cash and Noncash Related Activities
The cash and noncash related activities described above during the six months ended June 30, 2025 and 2024 are detailed below (unaudited):
Six Months Ended June 30,
(in thousands)20252024
Cost of modules and parts sold sourced from engines originally within leasing equipment$3,369 $21,861 
Transfers of engines from leasing equipment to inventory for manufacturing and sale 128,752 70,897 
Transfers of inventory to leasing equipment for rebuilding and sale of engines (159,997)(98,192)
Total outflows related to manufacturing modules and parts - included in net cash used in operating activities (313,998)(128,988)
Cash received for assets sold sourced from leasing equipment - inflow included in net cash provided by operating activities43,011 38,649 
Cash received for sales of leasing equipment that include components sourced from inventory - inflow included in net cash provided by investing activities415,416 134,204 
Cash paid for engine and aircraft inventory - outflow included in net cash used in operating activities(25,715)—