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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net income $ 87,551 $ 32,828
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 68,303 68,131
Payments received on sales-type leases 28,910 921
Gain on sale of leased equipment (33,148) (5,101)
Stock-based compensation expense 18,351 10,670
(Income) loss from joint ventures (7,255) 1,289
Accretion of deferred costs and note discounts 7,723 4,128
Amortization of contract asset 1,504 0
Write-down of equipment 866 2,390
Allowances and provisions (671) 304
Gain on insurance proceeds (73) (761)
Deferred income taxes 32,881 12,924
Changes in assets and liabilities:    
Receivables 22,219 (4,663)
Inventory (37,189) (6,441)
Other assets (3,671) (1,966)
Distributions received from joint ventures 3,002 0
Accounts payable and accrued expenses 11,532 8,330
Maintenance reserves 16,205 26,325
Security deposits 3,413 2,972
Unearned revenue (4,013) 16,700
Net cash provided by operating activities 216,440 168,980
Cash flows from investing activities:    
Purchase of equipment held for operating lease and for sale (488,438) (142,471)
Proceeds from sale of equipment (net of selling expenses) 117,852 25,014
Issuance of notes receivable (89,635) (15,397)
Payments received on notes receivable 6,780 2,766
Purchase of property, equipment and furnishings (2,753) (4,247)
Insurance proceeds received on property, equipment and furnishings 1,235 0
Insurance proceeds received on equipment 0 2,189
Net cash used in investing activities (454,959) (132,146)
Cash flows from financing activities:    
Proceeds from debt obligations 518,894 159,840
Principal payments on debt obligations (331,218) (221,890)
Proceeds from issuance of preferred stock 13,050 0
Common stock cash dividends paid (8,926) 0
Cancellation of restricted stock units in satisfaction of withholding tax (7,240) (5,620)
Debt issuance costs (5,819) (384)
Preferred stock dividends (3,388) (2,440)
Proceeds from shares issued under stock compensation plans 261 276
Net cash provided by (used in) financing activities 175,614 (70,218)
Decrease in cash, cash equivalents and restricted cash (62,905) (33,384)
Cash, cash equivalents and restricted cash at beginning of period 168,029 89,016
Cash, cash equivalents and restricted cash at end of period 105,124 55,632
Net cash paid for:    
Interest 73,374 55,445
Income Taxes 5,827 181
Supplemental disclosures of non-cash activities:    
Transfers from Equipment held for operating lease to Investments in sales-type leases 43,370 0
Transfers from Equipment held for operating lease to Equipment held for sale 17,524 1,901
Transfers from Spare parts inventory to Equipment held for operating lease 4,514 0
Transfers from Equipment held for operating lease to Spare parts inventory 460 457
Non-cash additions to Equipment held for operating lease 54,606 2,423
Accretion of preferred stock issuance costs $ 39 $ 63