v3.25.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
ASSETS:    
Leasing equipment, net of accumulated depreciation of $3,575,780 and $4,776,458 $ 6,728,388 $ 8,639,136
Net investment in finance leases 1,526,511 1,585,812
Equipment held for sale 144,889 101,696
Revenue earning assets 8,399,788 10,326,644
Cash and cash equivalents 885,118 58,227
Restricted cash 94,763 111,489
Accounts receivable, net of allowances of $1,533 and $1,317 187,740 232,420
Goodwill 236,665 236,665
Other assets 33,738 33,782
Fair value of derivative instruments 64,357 104,176
Total assets 9,902,169 11,103,403
LIABILITIES AND SHAREHOLDERS' EQUITY:    
Equipment purchases payable 100,495 4,855
Fair value of derivative instruments 1,533 697
Deferred revenue 146,252 184,760
Accounts payable and other accrued expenses 122,223 87,694
Net deferred income tax liability 403,893 410,524
Debt, net of unamortized costs of $38,976 and $48,743 6,643,031 7,605,720
Total liabilities 7,417,427 8,294,250
Shareholders' equity:    
Undesignated shares, $0.01 par value, 20,800,000 shares authorized, no shares issued and outstanding 0 0
Additional paid-in capital (deficit) 889,462 (304,274)
Accumulated earnings 660,912 2,289,072
Accumulated other comprehensive income (loss) 53,356 93,343
Total shareholders' equity 2,484,742 2,809,153
Total liabilities and shareholders' equity 9,902,169 11,103,403
Preferred Shares    
Shareholders' equity:    
Preferred shares, $0.01 par value, at liquidation preference 880,000 730,000
Designated Common Stock    
Shareholders' equity:    
Common shares, $0.01 par value, 250,000,000 shares authorized, 101,158,891 shares issued and outstanding $ 1,012 $ 1,012