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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net income (loss) $ 474,089 $ 746,922 $ 530,240
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 575,551 634,837 626,240
Debt related amortization 8,572 11,112 11,603
Lease related amortization 4,979 11,285 17,654
Share-based compensation expense 7,305 12,512 9,365
Net (gain) loss on sale of leasing equipment (58,615) (115,665) (107,060)
Unrealized (gain) loss on derivative instruments (15) (343) 0
Write-off of debt costs 0 1,933 133,853
Deferred income taxes 8,024 26,018 43,077
Changes in operating assets and liabilities:      
Accounts receivables (19,459) 44,119 (50,336)
Deferred revenue (74,237) 287,328 83,600
Change in Share-Based Awards Liability 18,765 0 0
Accounts payable and other accrued expenses 6,291 4,620 (6,860)
Equipment sold (purchased) for resale activity 26,428 (93) 7,606
Cash received (paid) for settlement of interest rate swaps 0 19,026 5,497
Cash collections on finance lease receivables, net of income earned 172,717 180,075 74,117
Other assets (187) 21,182 26,568
Net cash provided by operating activities 1,150,208 1,884,868 1,405,164
Cash flows from investing activities:      
Purchases of leasing equipment and investments in finance leases (208,242) (943,062) (3,434,394)
Proceeds from sale of equipment, net of selling costs 352,549 296,737 217,078
Other (16) (638) (70)
Net cash (used in) investing activities 144,291 (646,963) (3,217,386)
Cash flows from financing activities:      
Issuance of preferred shares, net of underwriting discount 0 0 169,488
Purchases of treasury shares (129,776) (554,095) (82,528)
Debt issuance costs (3,008) (10,162) (42,631)
Borrowings under debt facilities 1,610,000 1,952,600 8,690,006
Payments under debt facilities and capital lease obligations (2,227,139) (2,449,367) (6,635,987)
Dividends paid on preferred shares (52,112) (52,112) (45,321)
Common stock dividends paid (115,554) (162,174) (157,312)
Repayment Of Capital To Parent (408,190) 0 0
Other (5,803) (6,824) (4,951)
Net Cash Provided by (Used in) Financing Activities (1,331,582) (1,282,134) 1,890,764
Net increase (decrease) in cash, cash equivalents and restricted cash (37,083) (44,229) 78,542
Cash, cash equivalents and restricted cash, beginning of period 186,309 230,538 151,996
Cash, cash equivalents and restricted cash, end of period 149,226 186,309 230,538
Supplemental disclosures:      
Interest paid 234,945 208,714 211,412
Income taxes (refunded) paid 46,407 47,010 7,933
Right-of-use assets obtained in exchange for new operating lease liabilities 9,564 907 2,517
Supplemental non-cash investing activities:      
Equipment purchases payable $ 31,597 $ 11,817 $ 429,568