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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues        
Rental of flight equipment $ 519,535 $ 468,443 $ 1,439,674 $ 1,462,999
Aircraft sales, trading and other $ 4,974 $ 25,158 $ 51,539 $ 63,338
Revenue from Contract with Customer, Product and Service [Extensible Enumeration] Aircraft Sales, Trading And Other [Member] Aircraft Sales, Trading And Other [Member] Aircraft Sales, Trading And Other [Member] Aircraft Sales, Trading And Other [Member]
Total revenues $ 524,509 $ 493,601 $ 1,491,213 $ 1,526,337
Expenses        
Interest 114,659 107,519 346,244 317,753
Amortization of debt discounts and issuance costs 12,571 10,899 37,109 31,660
Interest expense 127,230 118,418 383,353 349,413
Depreciation of flight equipment 224,960 195,054 651,742 577,969
Selling, general and administrative 31,082 20,239 84,682 75,142
Stock-based compensation 6,692 6,635 18,800 14,956
Total expenses 389,964 340,346 1,138,577 1,017,480
Income before taxes 134,545 153,255 352,636 508,857
Income tax expense (27,208) (32,860) (67,785) (103,686)
Net income 107,337 120,395 284,851 405,171
Preferred stock dividends (7,331) (3,843) (19,010) (11,531)
Net income available to common stockholders, diluted 100,006 116,552 265,841 393,640
Net income available to common stockholders, basic 100,006 116,552 265,841 393,640
Other comprehensive income/(loss):        
Foreign currency translation adjustment 7,129 (5,637) (943) 7,601
Change in fair value of hedged transactions (7,874) 7,395 (1,677) (7,086)
Total tax benefit/(expense) on other comprehensive income/loss 159 (378) 560 (89)
Other comprehensive income/(loss), net of tax (586) 1,380 (2,060) 426
Total comprehensive income available for common stockholders $ 99,420 $ 117,932 $ 263,781 $ 394,066
Earnings per share of common stock:        
Basic (in dollars per share) $ 0.88 $ 1.02 $ 2.33 $ 3.46
Diluted (in dollars per share) $ 0.87 $ 1.02 $ 2.32 $ 3.46
Weighted-average shares outstanding        
Basic (in shares) 114,122,512 113,778,533 114,071,951 113,647,585
Diluted (in shares) 114,381,621 113,951,102 114,415,169 113,928,775
Dividends declared per share of common stock (in dollars per share) $ 0.16 $ 0.15 $ 0.48 $ 0.45