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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities:    
Net income $ 15,443 $ 14,158
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 35,739 32,644
Write-down of equipment 3,578 13,442
Stock-based compensation expenses 2,585 2,074
Amortization of deferred costs 2,349 2,361
Allowances and provisions 572 272
Gain on sale of leased equipment (886) (4,509)
Income from joint ventures (1,063) (3,015)
Deferred income taxes 6,220 10,406
Changes in assets and liabilities:    
Receivables (1,963) 3,345
Spare parts inventory (4,866) 2,488
Other assets (2,832) (3,315)
Accounts payable and accrued expenses 3,292 8,139
Maintenance reserves 12,225 (342)
Security deposits 1,841 1,757
Unearned revenue 479 (628)
Net cash provided by operating activities 72,713 79,277
Cash flows from investing activities:    
Proceeds from sale of equipment (net of selling expenses) 37,474 37,754
Distributions received from joint ventures   1,880
Purchase of equipment held for operating lease and for sale (243,107) (112,233)
Purchase of property, equipment and furnishings (794) (326)
Net cash used in investing activities (206,427) (72,925)
Cash flows from financing activities:    
Proceeds from issuance of notes payable 199,000 93,000
Principal payments on notes payable (53,268) (72,752)
Proceeds from shares issued under stock compensation plans 118 93
Cancellation of restricted stock units in satisfaction of withholding tax (848) (622)
Repurchase of common stock (10,183) (3,348)
Preferred stock dividends (1,611) (596)
Net cash provided by (used in) financing activities 133,208 15,775
(Decrease)/Increase in cash, cash equivalents and restricted cash (506) 22,127
Cash, cash equivalents and restricted cash at beginning of period 47,324 32,373
Cash, cash equivalents and restricted cash at end of period 46,818 54,500
Net cash paid for:    
Interest 29,072 19,426
Income Taxes 1,065 332
Supplemental disclosures of non-cash investing activities:    
Purchase of aircraft and engines   1,624
Transfers from Equipment held for operating lease to Equipment held for sale 13,479 27,408
Transfers from Equipment held for sale to Spare parts inventory 6,907  
Accrued preferred stock dividends $ 784 $ 331