| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
Operating Activities | |||||||||
Net income | |||||||||
587 | 510 | 756 | 374 | 253 | 255 | 190 | 131 | 53 | -52 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||
Depreciation of flight equipment | |||||||||
702 | 581 | 508 | 452 | 397 | 336 | 280 | 216 | 112 | 19 |
Stock-based compensation | |||||||||
20 | 17 | 19 | 16 | 17 | 16 | 21 | 31 | 39 | 24 |
Deferred taxes | |||||||||
92 | 129 | -146 | 205 | 138 | 137 | 102 | 72 | 29 | -8 |
Tax benefits from stock-based compensation arrangements | |||||||||
- | - | - | - | - | 7 | 2 | - | - | - |
Amortization of discounts and debt issuance costs | |||||||||
36 | 32 | 29 | 30 | 30 | 27 | 23 | 16 | 9 | 4 |
Amortization of prepaid lease costs | |||||||||
32 | 24 | 19 | 17 | - | - | - | - | - | - |
Gain on aircraft sales, trading and other activity | |||||||||
81 | 34 | 74 | 76 | 41 | 56 | 19 | 3 | - | - |
Extinguishment of debt | |||||||||
- | - | - | - | - | - | - | - | -3 | - |
Changes in operating assets and liabilities: | |||||||||
Amortization of convertible debt discounts | |||||||||
- | - | - | - | - | - | - | - | - | 35 |
Other assets | |||||||||
161 | 74 | 108 | 55 | -11 | 1 | 2 | 14 | 17 | 8 |
Accrued interest and other payables | |||||||||
139 | 51 | 50 | 45 | 16 | 45 | 39 | 25 | 19 | 18 |
Rentals received in advance | |||||||||
24 | 14 | 5 | 7 | 15 | 14 | 20 | 15 | 17 | 8 |
Net cash provided by operating activities | |||||||||
1,392 | 1,254 | 1,059 | 1,020 | 839 | 769 | 654 | 491 | 267 | 41 |
Acquisition of flight equipment under operating lease | |||||||||
- | - | - | 1,914 | 2,088 | 1,568 | 1,329 | 1,899 | 2,529 | 1,649 |
Acquisition of flight equipment under operating lease | |||||||||
3,663 | 2,512 | 1,972 | 868 | 597 | 601 | 828 | 418 | 360 | 183 |
Payments for deposits on flight equipment purchases | |||||||||
884 | 976 | 773 | - | - | - | - | - | - | - |
Proceeds from aircraft sales, trading and other activity | |||||||||
995 | 391 | 779 | 988 | 752 | 603 | 97 | 47 | - | - |
Acquisition of aircraft furnishings, equipment and other assets | |||||||||
291 | 287 | 177 | 211 | 219 | 239 | 125 | 74 | 86 | 19 |
Net cash used in investing activities | |||||||||
-3,843 | -3,384 | -2,143 | -2,005 | -2,152 | -1,805 | -2,185 | -2,344 | -2,977 | -1,851 |
Issuance of common stock upon exercise of options | |||||||||
44 | 4 | 9 | 0 | 0 | 0 | - | 0 | 867 | 1,157 |
Cash dividends paid on Class A common stock | |||||||||
58 | 41 | 30 | 20 | 16 | 12 | 7 | - | - | - |
Preferred dividends paid | |||||||||
11 | - | - | - | - | - | - | - | - | - |
Tax withholdings on stock-based compensation | |||||||||
4 | 7 | 6 | 5 | 5 | 18 | 12 | 7 | 8 | - |
Tax benefits from stock-based compensation arrangements | |||||||||
- | - | - | - | - | 7 | 2 | - | - | - |
Net change in unsecured revolving facilities | |||||||||
-582 | -245 | 81 | 46 | 151 | -239 | 388 | 62 | 238 | 120 |
Issuance of convertible notes | |||||||||
- | - | - | - | - | - | - | - | 193 | 60 |
Proceeds from debt financings | |||||||||
3,567 | 3,533 | 2,183 | 2,021 | 1,232 | 1,663 | 1,608 | 2,115 | 1,344 | 796 |
Payments in reduction of debt financings | |||||||||
978 | 1,270 | 1,303 | -1,093 | -328 | -577 | -531 | -432 | -84 | -4 |
Net proceeds from preferred stock issuance | |||||||||
242 | - | - | - | - | - | - | - | - | - |
Net change in restricted cash | |||||||||
- | - | - | - | 9 | -79 | -18 | 10 | 47 | 48 |
Debt issuance costs | |||||||||
11 | 11 | 5 | 5 | 4 | 7 | 37 | 42 | 13 | 51 |
Security deposits and maintenance reserve receipts | |||||||||
310 | 242 | 226 | 218 | 218 | 185 | 172 | 142 | 180 | 109 |
Security deposits and maintenance reserve disbursements | |||||||||
52 | 59 | 51 | 58 | 51 | 32 | 29 | 26 | 5 | - |
Net cash provided by financing activities | |||||||||
2,466 | 2,145 | 1,101 | 1,103 | 1,186 | 1,049 | 1,571 | 1,802 | 2,662 | 2,138 |
Net increase/(decrease) in cash | |||||||||
15 | 14 | 17 | 117 | -126 | 12 | 40 | -51 | -47 | 328 |
Supplemental Disclosure of Cash Flow Information | |||||||||
Cash paid during the period for interest, including capitalized interest of $13,261 and $16,226 at March 31, 2020 and 2019, respectively | |||||||||
442 | 332 | 301 | 293 | 259 | 211 | 188 | 124 | 51 | 12 |
Cash paid for income taxes | |||||||||
16 | 4 | 5 | 1 | - | - | - | - | - | - |
Supplemental Disclosure of Noncash Activities | |||||||||
Buyer furnished equipment, capitalized interest and deposits on flight equipment purchases applied to acquisition of flight equipment | |||||||||
1,399 | 912 | 644 | 873 | 944 | 756 | 459 | 377 | 190 | - |
Conversion of convertible notes to Class A Common Stock | |||||||||
- | - | - | - | - | - | - | - | - | 60 |