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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Dec. 31, 2016
Cash flows from operating activities:          
Net loss $ (6,449) $ (5,809) $ (15,782) $ (15,021)  
Adjustments to reconcile net loss to net cash provided by operating activities:          
Equity in losses of unconsolidated entities 251 327 156 1,593  
Gain on sale of equipment, net (4,996) (1,999) (4,991) (4,017)  
Security deposits and maintenance claims included in earnings     (4,325) 0  
Loss on extinguishment of debt 0 0 0 2,456  
Equity-based compensation 229 443 437 530  
Depreciation and amortization 32,844 20,221 62,431 37,598  
Change in current and deferred income taxes     564 80  
Change in fair value of non-hedge derivative 441 0 (182) 0  
Amortization of lease intangibles and incentives     12,943 3,291  
Amortization of deferred financing costs 1,332 931 2,483 2,064  
Bad debt expense 80 32 1,521 63  
Other     21 331  
Change in:          
Accounts receivable     (10,064) (6,268)  
Other assets     (10,318) 9,909  
Accounts payable and accrued liabilities     22,091 1,871  
Management fees payable to affiliate     (668) (578)  
Other liabilities     2,835 (627)  
Net cash provided by operating activities     59,152 33,275  
Cash flows from investing activities:          
Investment in notes receivable     (912) 0  
Investment in unconsolidated entities and available for sale securities     (1,115) (21,172)  
Principal collections on finance leases     539 225  
Acquisition of leasing equipment     (205,819) (224,070)  
Acquisition of property, plant and equipment     (124,039) (50,688)  
Acquisition of lease intangibles     (2,225) (197)  
Purchase deposits for acquisitions     (17,890) (5,725)  
Proceeds from sale of leasing equipment     26,499 30,241  
Proceeds from sale of property, plant and equipment     31 51  
Proceeds from deposit on sale of leasing equipment     240 2,505  
Return of deposit on sale of engine     (400) 0  
Net cash used in investing activities     (325,091) (268,830)  
Cash flows from financing activities:          
Proceeds from debt     204,350 243,911  
Repayment of debt     (45,874) (11,875)  
Payment of deferred financing costs     (1,819) (2,722)  
Receipt of security deposits     3,748 4,590  
Return of security deposits     (805) (1,657)  
Receipt of maintenance deposits     22,355 9,975  
Release of maintenance deposits     (4,276) (6,111)  
Proceeds from issuance of common shares, net of underwriter's discount     128,450 0  
Common shares issuance costs     (789) 0  
Purchase of non-controlling interest shares     (3,700)   $ 0
Cash dividends     (54,662) (50,024)  
Net cash provided by financing activities     246,978 186,087  
Net increase in cash and cash equivalents and restricted cash     (18,961) (49,468)  
Cash and cash equivalents and restricted cash, beginning of period     92,806 133,496  
Cash and cash equivalents and restricted cash, end of period $ 73,845 $ 84,028 73,845 84,028 $ 133,496
Supplemental disclosure of non-cash investing and financing activities:          
Proceeds from borrowings of debt     511 108,089  
Repayment and settlement of debt     0 (100,000)  
Acquisition of leasing equipment     (4,704) (20,834)  
Acquisition of property, plant and equipment     (3,621) (30,915)  
Settled and assumed security deposits     650 1,467  
Billed, assumed and settled maintenance deposits     (1,427) 4,634  
Deferred financing costs     0 (7,837)  
Non-cash contribution from non-controlling interest     0 1,201  
Transfer of non-controlling interest     7,225 0  
Issuance of common shares     $ 301 $ 160