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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Assets    
Cash and cash equivalents $ 452,215 $ 472,554
Restricted cash 3,542 3,550
Flight equipment subject to operating leases 36,374,329 34,168,919
Less accumulated depreciation (6,846,920) (5,998,453)
Flight equipment subject to operating leases, net 29,527,409 28,170,466
Net investment in sales-type leases 469,112 433,048
Deposits on flight equipment purchases 1,100,160 761,438
Flight equipment held for sale 341,846 951,181
Other assets 1,492,137 1,485,659
Total assets 33,386,421 32,277,896
Liabilities and Stockholders’ Equity    
Accrued interest and other payables 1,049,590 1,272,984
Debt financing, net of discounts and issuance costs 20,194,930 20,209,985
Security deposits on flight equipment leases 638,610 624,597
Maintenance reserves on flight equipment leases 1,480,071 1,180,741
Rentals received in advance 132,093 136,566
Deferred tax liability 1,549,996 1,320,397
Total liabilities 25,045,290 24,745,270
Stockholders’ Equity    
Preferred Stock, $0.01 par value; 50,000,000 shares authorized; 900,000 (aggregate liquidation preference of $900,000) shares issued and outstanding at September 30, 2025 and December 31, 2024 9 9
Paid-in capital 3,392,298 3,364,712
Retained earnings 4,947,666 4,147,218
Accumulated other comprehensive income 40 19,573
Total stockholders’ equity 8,341,131 7,532,626
Total liabilities and stockholders’ equity 33,386,421 32,277,896
Class A Common Stock    
Stockholders’ Equity    
Common stock 1,118 1,114
Class B Non‑Voting Common Stock    
Stockholders’ Equity    
Common stock $ 0 $ 0