| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|
Net income (loss) | |||||||||
1,080 | 1,039 | 1,177 | 808 | 295 | 158 | 172 | 236 | 206 | 140 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||
Depreciation and amortization | |||||||||
1,727 | 1,791 | 1,843 | 1,282 | 337 | 357 | - | - | - | - |
Depreciation | |||||||||
- | - | - | - | - | - | - | - | - | 169 |
Asset impairment | |||||||||
61 | 81 | 16 | 21 | 26 | 12 | - | - | - | 18 |
Amortization of debt issuance costs and debt discount | |||||||||
65 | 55 | 45 | 86 | 47 | 69 | 53 | 26 | 16 | 16 |
Amalgamation gain | |||||||||
- | - | - | - | - | - | - | 31 | - | - |
Depreciation | |||||||||
- | - | - | - | - | - | 384 | 333 | 220 | - |
Asset impairment | |||||||||
- | - | - | - | - | - | 24 | 14 | 32 | - |
Amortization of lease premium intangibles | |||||||||
13 | 19 | 23 | 17 | 8 | 11 | 17 | 22 | 15 | 14 |
Amortization of fair value adjustments on debt | |||||||||
194 | 335 | 442 | -330 | - | - | - | - | - | - |
Accretion of fair value adjustments on deposits and maintenance liabilities | |||||||||
31 | 55 | 76 | 71 | - | - | - | - | - | - |
Maintenance rights write-off (a) | |||||||||
539 | 652 | 628 | 130 | - | - | - | - | - | - |
Maintenance liability release to income | |||||||||
302 | 421 | 243 | 92 | 13 | - | - | - | - | - |
Net gain on sale of assets | |||||||||
229 | 138 | 183 | 37 | 41 | - | - | - | - | - |
Deferred income taxes | |||||||||
157 | 161 | 110 | 115 | 21 | 7 | - | - | - | -0 |
Net (gain) loss on sale of assets | |||||||||
- | - | - | - | - | -46 | - | - | - | - |
Restructuring related expenses | |||||||||
5 | 33 | 49 | - | - | - | - | - | - | - |
Other | |||||||||
120 | 121 | 90 | 102 | -1 | 9 | - | - | - | - |
Gain on discounted purchase of securitized bonds | |||||||||
- | - | - | - | - | - | - | - | - | 2 |
Provision for doubtful accounts | |||||||||
- | - | - | - | - | - | 4 | 1 | 1 | 3 |
Capitalized interest on pre-delivery payments | |||||||||
- | - | - | - | - | - | - | - | 1 | 2 |
Net (gain) loss on sale of assets | |||||||||
- | - | - | - | - | - | 12 | 37 | 36 | 80 |
Loss on discontinued operations (AeroTurbine) | |||||||||
- | - | - | - | - | - | 52 | - | - | - |
Mark-to-market of non-hedged derivatives | |||||||||
- | - | - | - | - | - | -23 | -0 | 18 | 51 |
Deferred taxes | |||||||||
- | - | - | - | - | - | 23 | 17 | 2 | - |
Share-based compensation | |||||||||
- | - | - | - | - | - | 6 | 3 | 3 | 6 |
Changes in operating assets and liabilities: | |||||||||
Trade receivables | |||||||||
10 | -40 | -48 | -102 | -2 | -0 | 16 | 0 | 6 | 5 |
Inventories | |||||||||
- | - | - | - | - | - | 18 | -3 | -35 | -5 |
Other assets | |||||||||
-55 | -257 | -88 | -12 | 32 | -0 | 41 | 8 | 7 | 48 |
Accounts payable, accrued expenses and other liabilities | |||||||||
19 | -32 | 33 | 21 | 43 | -22 | - | - | - | - |
Net cash provided by operating activities | |||||||||
3,140 | 3,381 | 3,360 | 2,313 | 693 | 651 | - | - | - | - |
Purchase of flight equipment | |||||||||
3,956 | 2,892 | 2,772 | 2,088 | 1,782 | 1,038 | - | - | - | - |
Other liabilities | |||||||||
- | - | - | - | - | - | -27 | 45 | -37 | 75 |
Deferred revenue | |||||||||
- | - | - | - | - | - | -9 | 14 | -1 | 1 |
Net cash provided by operating activities | |||||||||
- | - | - | - | - | - | 638 | 642 | 425 | 202 |
Purchase of flight equipment | |||||||||
- | - | - | - | - | - | 763 | 1,939 | 1,264 | 1,286 |
Proceeds from sale or disposal of assets | |||||||||
1,779 | 2,366 | 1,568 | 569 | 664 | 781 | 140 | 664 | 153 | 467 |
Prepayments on flight equipment | |||||||||
1,268 | 947 | 791 | 458 | 213 | 36 | 47 | 140 | 453 | 339 |
Acquisition of ILFC, net of cash acquired | |||||||||
- | - | - | 195 | - | - | - | -103 | - | - |
Capital contributions to equity investments | |||||||||
- | - | - | - | -13 | - | -2 | - | - | - |
Collections of finance and sales-type leases | |||||||||
91 | 74 | 54 | 40 | 1 | 5 | - | - | - | - |
Receipt of notes receivable in defeasance structures | |||||||||
- | - | - | - | - | - | - | - | - | 44 |
Purchase of investments | |||||||||
- | - | - | - | - | - | - | 7 | - | 17 |
Proceeds from the disposal of subsidiaries, net of cash disposed | |||||||||
- | - | - | - | - | - | 119 | - | - | - |
Sale of investments | |||||||||
- | - | - | - | - | - | - | - | - | -6 |
Purchase of intangibles | |||||||||
- | - | - | - | - | - | - | 9 | - | 21 |
Movement in restricted cash | |||||||||
35 | -90 | -297 | -282 | -7 | 58 | 11 | 50 | 27 | 18 |
Other | |||||||||
38 | 21 | 73 | - | - | - | - | - | - | - |
Net cash used in investing activities | |||||||||
-3,427 | -1,331 | -1,715 | -1,848 | -1,335 | -346 | -564 | -1,379 | -1,591 | -1,165 |
Issuance of debt | |||||||||
5,596 | 3,642 | 3,913 | 5,411 | 2,299 | 1,297 | 1,672 | 2,324 | 2,431 | 1,642 |
Repayment of debt | |||||||||
4,695 | 5,213 | 4,043 | 4,826 | 1,889 | 1,213 | 1,646 | 1,485 | 1,414 | 742 |
Debt issuance costs paid | |||||||||
81 | 34 | 49 | 134 | 45 | 43 | 37 | 60 | 32 | 44 |
Maintenance payments received | |||||||||
756 | 794 | 776 | 561 | 100 | 132 | 110 | 90 | 72 | 98 |
Maintenance payments returned | |||||||||
523 | 505 | 558 | 286 | 56 | 49 | 54 | 42 | 46 | 64 |
Security deposits received | |||||||||
187 | 201 | 171 | 107 | 23 | 25 | 20 | 29 | 42 | 43 |
Security deposits returned | |||||||||
188 | 270 | 144 | 98 | 15 | 21 | 37 | 39 | 12 | 25 |
Dividend paid to non-controlling interest holders | |||||||||
0 | 10 | 0 | - | - | - | - | - | - | - |
Repurchase of shares and tax withholdings on share-based compensation | |||||||||
1,138 | 1,021 | 793 | - | - | - | - | - | - | - |
Repurchase of shares | |||||||||
- | - | - | - | - | 320 | 100 | - | - | - |
Net cash used in financing activities | |||||||||
-87 | -2,417 | -728 | 734 | 417 | -193 | -73 | 958 | 1,151 | 912 |
Net (decrease) increase in cash and cash equivalents | |||||||||
-374 | -367 | 915 | - | - | - | - | - | - | - |
Issuance of equity interests (**) | |||||||||
- | - | - | - | - | - | - | 110 | - | - |
Capital contributions from non-controlling interests | |||||||||
- | - | - | - | - | - | - | 32 | 111 | 5 |
Net (decrease) increase in cash and cash equivalents | |||||||||
- | - | - | 1,198 | -224 | 111 | 0 | 221 | -13 | 49 |
Effect of exchange rate changes | |||||||||
-1 | -0 | -3 | -4 | -0 | -1 | 6 | 0 | 3 | 1 |
Supplemental cash flow information: | |||||||||
Interest paid, net of amounts capitalized | |||||||||
1,231 | 1,339 | 1,409 | 1,103 | 211 | 180 | - | - | - | - |
Income taxes paid, net | |||||||||
18 | 61 | 20 | 37 | 4 | - | - | - | - | - |
Amalgamation gain | |||||||||
- | - | - | - | - | - | - | 31 | - | - |
Cash acquired | |||||||||
- | - | - | - | - | - | - | 103 | - | - |
Purchase of subsidiaries, net of cash acquired | |||||||||
- | - | - | - | - | - | - | -103 | - | - |
Issuance of equity interests (net cash received) | |||||||||
- | - | - | - | - | - | - | 110 | - | - |
Interest paid, net of amounts capitalized | |||||||||
- | - | - | - | - | - | 224 | 185 | 100 | - |
Taxes paid | |||||||||
- | - | - | - | - | 1 | 0 | 0 | -3 | - |