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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues    
Rental of flight equipment $ 496,687 $ 455,739
Aircraft sales, trading and other 14,700 10,312
Total revenues 511,387 466,051
Expenses    
Interest 107,541 89,220
Amortization of debt discounts and issuance costs 10,528 8,540
Interest expense 118,069 97,760
Depreciation of flight equipment 188,895 159,471
Selling, general, and administrative 28,322 29,702
Stock-based compensation 4,429 4,174
Total expenses 339,715 291,107
Income before taxes 171,672 174,944
Income tax expense (34,521) (36,850)
Net income 137,151 138,094
Preferred stock dividends (3,844)  
Net income available to common stockholders 133,307 138,094
Other Comprehensive Loss:    
Change in foreign currency translation adjustment 23,477  
Change from current period hedged transaction (25,386)  
Total tax benefit on other comprehensive loss 431  
Other Comprehensive (loss)/income available for common stockholders, net of tax (1,478)  
Total comprehensive income available for common stockholders $ 131,829 $ 138,094
Earnings per share of Class A and Class B common stock:    
Basic (in dollars per share) $ 1.17 $ 1.24
Diluted (in dollars per share) $ 1.17 $ 1.23
Weighted-average shares outstanding    
Basic (in shares) 113,471,945 111,018,279
Diluted (in shares) 113,785,028 112,380,856
Dividends declared per share of Class A common stock (in dollars per share) $ 0.15 $ 0.13