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Consolidated Statements of Cash Flows
$ in Thousands
 12 Months Ended
Dec. 31, 2019
USD ($)
Dec. 31, 2018
USD ($)
Dec. 31, 2017
USD ($)
Cash flows from operating activities:      
Net income (loss) $ 353,279 $ 356,672 $ 353,526
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 536,131 545,138 500,720
Debt related amortization 12,806 15,005 13,401
Lease related amortization 41,926 70,275 92,787
Share-based compensation expense 8,963 9,030 5,641
Net (gain) loss on sale of leasing equipment (27,041) (35,377) (35,812)
Net (gain) loss on sale of building 0 (20,953) 0
Unrealized (gain) loss on derivative instruments 3,107 430 (1,397)
Write-off of debt costs 2,543 6,090 6,973
Deferred income taxes 27,181 66,467 (94,678)
Changes in operating assets and liabilities:      
Accounts receivables 54,171 (65,385) (5,967)
Accounts payable and other accrued expenses 3,963 (13,829) (42,402)
Net equipment sold for resale activity (3,837) (2,341) 8,821
Cash received (payments) on termination of derivative instruments (22,330) 187 2,117
Cash collections on finance lease receivables, net of income earned 73,429 64,372 60,673
Other assets (2,385) (1,559) 3,065
Net cash provided by operating activities 1,061,906 994,222 867,468
Cash flows from investing activities:      
Purchases of leasing equipment and investments in finance leases (240,170) (1,603,507) (1,562,863)
Proceeds from sale of equipment, net of selling costs 217,296 163,256 190,744
Proceeds from the sale of building 0 27,630 0
Investment in joint venture (760) 0 0
Other (86) (160) 55
Net cash (used in) investing activities (23,720) (1,412,781) (1,372,064)
Cash flows from financing activities:      
Issuance of preferred shares, net of underwriting discount 392,242 0 0
Issuance of common shares, net of underwriting discount 0 0 192,931
Purchases of treasury shares (222,236) (56,274) 0
Redemption of common shares for withholding taxes (5,666) (1,385) (70)
Debt issuance costs (8,751) (19,575) (34,494)
Borrowings under debt facilities 1,697,200 4,043,637 3,102,825
Payments under debt facilities and capital lease obligations (2,608,960) (3,435,041) (2,539,711)
Dividends paid on preferred shares (12,323) 0 0
Common stock dividends paid (153,861) (160,289) (135,557)
Distributions to noncontrolling interests (2,078) (19,146) (18,890)
Payments to Acquire Limited Partnership Interests (103,039) 0 0
Other (1,281) 0 241
Net cash provided by financing activities (1,028,753) 351,927 567,275
Net increase (decrease) in cash, cash equivalents and restricted cash 9,433 (66,632) 62,679
Cash, cash equivalents and restricted cash, beginning of period 159,539 226,171 163,492
Cash, cash equivalents and restricted cash, end of period 168,972 159,539 226,171
Supplemental disclosures:      
Interest paid 306,827 308,827 269,601
Income taxes (refunded) paid (895) 4,484 (288)
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability 7,616 0 0
Supplemental non-cash investing activities:      
Equipment purchases payable $ 24,685 $ 22,392 $ 128,133