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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating Activities      
Net income $ 587,121 $ 510,835 $ 756,152
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation of flight equipment 702,810 581,985 508,352
Stock-based compensation 20,745 17,478 19,804
Deferred taxes 92,049 129,303 (146,622)
Amortization of prepaid lease costs 32,849 24,579 19,265
Amortization of discounts and debt issuance costs 36,691 32,706 29,454
Gain on aircraft sales, trading and other activity (81,994) (34,442) (74,337)
Changes in operating assets and liabilities:      
Other assets (161,302) (74,223) (108,623)
Accrued interest and other payables 139,337 51,175 50,832
Rentals received in advance 24,166 14,705 5,436
Net cash provided by operating activities 1,392,472 1,254,101 1,059,713
Investing Activities      
Acquisition of flight equipment under operating lease (3,663,605) (2,512,582) (1,972,009)
Payments for deposits on flight equipment purchases (884,459) (976,101) (773,981)
Proceeds from aircraft sales, trading and other activity 995,345 391,372 779,489
Acquisition of aircraft furnishings, equipment and other assets (291,258) (287,509) (177,450)
Net cash used in investing activities (3,843,977) (3,384,820) (2,143,951)
Financing Activities      
Issuance of common stock upon exercise of options and warrants 44,885 4,826 9,264
Issuance of preferred stock 242,130    
Cash dividends paid on Class A common stock (58,026) (41,563) (30,933)
Preferred dividends paid (11,958)    
Tax withholdings on stock-based compensation (4,272) (7,548) (6,926)
Net change in unsecured revolving facilities (582,000) (245,000) 81,000
Proceeds from debt financings 3,567,728 3,533,885 2,183,824
Payments in reduction of debt financings (978,369) (1,270,505) (1,303,499)
Debt issuance costs (11,280) (11,475) (5,855)
Security deposits and maintenance reserve receipts 310,220 242,524 226,064
Security deposits and maintenance reserve disbursements (52,490) (59,709) (51,221)
Net cash provided by financing activities 2,466,568 2,145,435 1,101,718
Net increase in cash 15,063 14,716 17,480
Cash, cash equivalents and restricted cash at beginning of period 322,998 308,282 290,802
Cash, cash equivalents and restricted cash at end of period 338,061 322,998 308,282
Supplemental Disclosure of Cash Flow Information      
Cash paid during the period for interest, including capitalized interest of $59,358, $52,817 and $46,049 at December 31, 2019, 2018 and 2017, respectively 442,132 332,426 301,741
Cash paid for income taxes 16,657 4,264 5,497
Supplemental Disclosure of Noncash Activities      
Buyer furnished equipment, capitalized interest, deposits on flight equipment purchases and seller financing applied to acquisition of flight equipment and other assets applied to payments for deposits on flight equipment purchases 1,399,136 912,075 644,206
Cash dividends declared, not yet paid $ 17,003 $ 14,421 $ 10,359