XML 21 R11.htm IDEA: XBRL DOCUMENT v3.22.2.2
Equipment Held for Operating Lease and Notes Receivable
 9 Months Ended
Sep. 30, 2022
Leases [Abstract]  
Equipment Held for Operating Lease and Notes Receivable Equipment Held for Operating Lease and Notes Receivable
As of September 30, 2022, the Company had $2,078.8 million equipment held in our operating lease portfolio, $82.5 million notes receivable, $21.4 million of maintenance rights, and $6.7 million investment in sales-type leases, which represented 337 engines, twelve aircraft, one marine vessel and other leased parts and equipment. As of December 31, 2021, the Company had $1,991.4 million equipment held in our operating lease portfolio, $115.5 million notes receivable, and $22.5 million of maintenance rights, which represented 304 engines, twelve aircraft, one marine vessel and other leased parts and equipment.
The following table disaggregates equipment held for operating lease by asset class (in thousands):
September 30, 2022December 31, 2021
Gross ValueAccumulated DepreciationNet Book ValueGross ValueAccumulated DepreciationNet Book Value
Engines and related equipment$2,461,217 $(515,428)$1,945,789 $2,368,496 $(515,442)$1,853,054 
Aircraft and airframes135,893 (14,202)121,691 134,370 (7,790)126,580 
Marine vessel13,578 (2,283)11,295 13,470 (1,736)11,734 
$2,610,688 $(531,913)$2,078,775 $2,516,336 $(524,968)$1,991,368 
Notes Receivable
During the three months ended September 30, 2022 and 2021, the Company recorded interest income related to the notes receivable, recorded in Other revenue, of $1.8 million and $3.6 million, respectively, and $5.8 million and $10.1 million during the nine months ended September 30, 2022 and 2021, respectively. The effective interest rates on our notes receivable ranged from 7.1% to 12.2% as of September 30, 2022 and 6.3% to 12.2% as of September 30, 2021.