v3.26.3
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Aug. 31, 2026
Aug. 31, 2025
Cash flows from operating activities:    
Net income (loss) $ 102,946 $ 106,520
Adjustments to reconcile net income to net cash and cash equivalents provided by operating activities:    
Depreciation 184,556 192,578
Amortization of deferred financing costs 9,483 9,129
Amortization of lease premiums, discounts and incentives (8,262) (1,253)
Deferred income taxes 14,997 13,329
Change in net investment in leases (2,156) 2,983
Security deposits, maintenance payments and insurance settlements included in earnings (21,822) (88,490)
Gain on sale or disposition of flight equipment (49,028) (54,178)
Loss on extinguishment of debt 0 2,973
Impairment of flight equipment 11,091 36,219
Provision for credit losses (275) 26
Distributions from unconsolidated equity method investment 10,055 0
Other 0 (859)
Changes in certain assets and liabilities:    
Accounts receivable 2,880 (745)
Other assets 3,515 1,950
Accounts payable, accrued expenses and other liabilities (11,559) 1,113
Lease rentals received in advance (8,127) (2,648)
Net cash and cash equivalents provided by operating activities 238,294 218,647
Cash flows from investing activities:    
Acquisition and improvement of flight equipment (376,435) (980,225)
Proceeds from sale or disposition of flight equipment 357,134 299,523
Proceeds from settlement of insurance claim 0 40,926
Proceeds from sale of investment in debt securities 0 10,128
Aircraft purchase deposits and progress payments, net of deposits returned and aircraft sales deposits 15,365 (584)
Distributions from unconsolidated equity method investment in excess of earnings 5,475 0
Other (759) 588
Net cash and cash equivalents provided by (used in) investing activities 780 (629,644)
Cash flows from financing activities:    
Redemption of preference shares (400,000) 0
Proceeds from secured and unsecured debt financings 1,162,634 1,590,489
Repayments of secured and unsecured debt financings (906,687) (1,298,264)
Deferred financing costs (8,384) (12,005)
Security deposits and maintenance payments received 57,680 84,842
Security deposits and maintenance payments returned (48,736) (33,490)
Dividends paid (102,390) (52,284)
Net cash and cash equivalents (used in) provided by financing activities (245,883) 279,288
Net decrease in cash and cash equivalents: (6,809) (131,709)
Cash and cash equivalents at beginning of period 179,889 279,052
Cash and cash equivalents at end of period 173,080 147,343
Supplemental disclosures of cash flow information:    
Cash paid for interest, net of amounts capitalized 133,855 122,652
Cash paid for income taxes 2,686 109
Supplemental disclosures of non-cash investing activities:    
Advance lease rentals, security deposits, maintenance payments, other liabilities and other assets assumed in asset acquisitions 17,100 45,848
Advance lease rentals, security deposits, maintenance payments, other liabilities and other assets settled in sale of flight equipment 24,468 31,089
Transfers from flight equipment held for lease to Net investment in leases and Other assets $ 235,745 $ 7,289