Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Consolidated Statements Of Cash Flows

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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Consolidated Statements Of Cash Flows [Abstract]      
Net income $ 1,039,516 $ 1,177,172 $ 808,498
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 1,791,336 1,843,003 1,282,228
Asset impairment 81,607 16,335 21,828
Amortization of debt issuance costs and debt discount 55,768 45,582 86,184
Amortization of lease premium intangibles 19,836 23,042 17,967
Amortization of fair value adjustments on debt (335,998) (442,972) (330,924)
Accretion of fair value adjustments on deposits and maintenance liabilities 55,210 76,246 71,806
Maintenance rights write off [1] 652,111 628,643 130,806
Maintenance liability release to income (421,332) (243,809) (92,296)
Net gain on sale of assets (138,522) (183,328) (37,497)
Deferred income taxes 161,340 110,353 115,859
Restructuring related expenses 33,588 49,311  
Other 121,700 90,074 102,139
Changes in operating assets and liabilities:      
Trade receivables 40,065 48,468 102,547
Other assets 257,190 88,418 12,704
Accounts payable, accrued expenses and other liabilities (32,183) 33,502 21,825
Net cash provided by operating activities 3,381,232 3,360,040 2,313,674
Purchase of flight equipment (2,892,731) (2,772,110) (2,088,444)
Proceeds from sale or disposal of assets 2,366,242 1,568,235 569,633
Prepayments on flight equipment (947,419) (791,546) (458,174)
Acquisition of ILFC, net of cash acquired     (195,311)
Collections of finance and sales-type leases 74,207 54,975 40,983
Movement in restricted cash 90,267 297,941 282,523
Other (21,678) (73,400) [2]  
Net cash used in investing activities (1,331,112) (1,715,905) (1,848,790)
Issuance of debt 3,642,166 3,913,840 5,411,602
Repayment of debt (5,213,724) (4,043,743) (4,826,775)
Debt issuance costs paid (34,687) (49,417) (134,963)
Maintenance payments received 794,711 776,488 561,558
Maintenance payments returned (505,407) (558,477) (286,041)
Security deposits received 201,970 171,408 107,332
Security deposits returned (270,575) (144,445) (98,656)
Dividend paid to non-controlling interest holders (10,501)    
Repurchase of shares and tax withholdings on share-based compensation (1,021,119) (793,945) [3]  
Net cash (used in) provided by financing activities (2,417,166) (728,291) 734,057
Net (decrease) increase in cash and cash equivalents (367,046) 915,844 1,198,941
Effect of exchange rate changes (605) (3,115) (4,086)
Cash and cash equivalents at beginning of period 2,403,098 1,490,369 295,514
Cash and cash equivalents at end of period 2,035,447 2,403,098 1,490,369
Supplemental cash flow information:      
Interest paid, net of amounts capitalized 1,339,095 1,409,860 1,103,512
Income taxes paid, net $ 61,834 $ 20,178 $ 37,630
[1] (a) Maintenance rights write off consisted of the following:EOL and MR contract maintenance rights expense$ 381,637$ 348,366 $ 54,507 EOL contract maintenance rights write off due to cash receipt 96,503 118,438 27,570 MR contract maintenance rights write off due to maintenance liability release 173,971 161,839 48,729 Maintenance rights write off$ 652,111$ 628,643 $ 130,806
[2] Relates to the settlement of three asset value guarantees during the year ended December 31, 2015. Refer to Note 30-Commitments and contingencies.
[3] Includes the Share Repurchase from AIG and $11.2 million of related expenses. Refer to Note 18-Equity and Note 29-Related party transactions for further details.