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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Statement of Cash Flows [Abstract]    
Net income $ 92,811 $ 82,865
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 134,609 130,433
Amortization of deferred debt cost and other debt related amortization 3,601 3,113
Lease related amortization 12,254 20,009
Share-based compensation expense 1,818 2,512
Net (gain) loss on sale of leasing equipment (8,469) (9,218)
Unrealized (gain) loss on derivative instruments 986 (1,186)
Deferred income taxes 7,116 9,301
Changes in operating assets and liabilities:    
Accounts receivable 41,421 (1,071)
Accounts payable and other accrued expenses 3,019 844
Net equipment sold for resale activity (8,803) (5,185)
Cash collections on finance lease receivables, net of income earned 17,125 14,771
Other assets (1,757) (953)
Net cash provided by (used in) operating activities 295,731 246,235
Cash flows from investing activities:    
Purchases of leasing equipment and investments in finance leases (43,981) (258,668)
Proceeds from sale of equipment, net of selling costs 49,947 38,885
Other 26 55
Net cash provided by (used in) investing activities 5,992 (219,728)
Cash flows from financing activities:    
Issuance of preferred shares, net of underwriting discount and expenses 83,058 0
Purchases of treasury shares (82,266) 0
Redemption of common shares (978) (822)
Debt issuance costs (1,962) (4,976)
Borrowings under debt facilities 125,000 510,210
Payments under debt facilities and capital lease obligations (293,290) (469,841)
Dividends paid (40,427) (36,008)
Distributions to noncontrolling interests (2,078) (4,249)
Purchase of noncontrolling interest (71,000) 0
Net cash provided by (used in) financing activities (283,943) (5,686)
Net increase (decrease) in cash, cash equivalents and restricted cash 17,780 20,821
Cash, cash equivalents and restricted cash, beginning of period 159,539 226,171
Cash, cash equivalents and restricted cash, end of period 177,319 246,992
Supplemental non-cash investing activities:    
Interest paid 66,106 56,571
Income taxes paid (refunded) 155 244
Right-of-use asset for leased property 8,289 0
Equipment purchases payable $ 38,463 $ 125,978