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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Operating Activities    
Net income $ 405,171 $ 422,186
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of flight equipment 577,969 514,948
Stock-based compensation 14,956 14,934
Deferred taxes 101,285 97,566
Amortization of debt discounts and issuance costs 31,660 26,330
Amortization of prepaid lease costs 32,142 24,190
Gain on aircraft sales, trading and other activity (27,281) (45,123)
Changes in operating assets and liabilities:    
Other assets (330,804) (149,740)
Accrued interest and other payables (84,045) 51,156
Rentals received in advance (3,464) 15,109
Net cash provided by operating activities 717,589 971,556
Investing Activities    
Acquisition of flight equipment under operating lease (777,410) (3,021,758)
Payments for deposits on flight equipment purchases (581,054) (727,982)
Proceeds from aircraft sales, trading and other activity 151,131 426,382
Acquisition of aircraft furnishings, equipment and other assets (142,866) (236,847)
Net cash used in investing activities (1,350,199) (3,560,205)
Financing Activities    
Issuance of common stock upon exercise of options 4,556 31,823
Cash dividends paid on Class A common stock (51,116) (43,383)
Preferred dividends paid (11,531) (8,115)
Tax withholdings on stock-based compensation (8,618) (4,089)
Net change in unsecured revolving facility (20,000) 8,000
Proceeds from debt financings 3,074,665 3,135,918
Payments in reduction of debt financings (1,457,740) (947,837)
Net proceeds from preferred stock issuance   242,139
Debt issuance costs (5,692) (9,443)
Security deposits and maintenance reserve receipts 91,337 230,966
Security deposits and maintenance reserve disbursements (59,175) (33,905)
Net cash provided by financing activities 1,556,686 2,602,074
Net increase in cash 924,076 13,425
Cash, cash equivalents and restricted cash at beginning of period 338,061 322,998
Cash, cash equivalents and restricted cash at end of period 1,262,137 336,423
Supplemental Disclosure of Cash Flow Information    
Cash paid during the period for interest, including capitalized interest of $39,960 and $46,314 at September 30, 2020 and 2019, respectively 371,947 358,237
Cash paid for income taxes 29,696 9,515
Supplemental Disclosure of Noncash Activities    
Buyer furnished equipment, capitalized interest and deposits on flight equipment purchases applied to acquisition of flight equipment 575,958 1,161,573
Cash dividends declared on common stock, not yet paid $ 17,068 $ 14,644