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CONSOLIDATED STATEMENTS OF OPERATIONS AND OTHER COMPREHENSIVE INCOME/(LOSS) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues        
Rental of flight equipment $ 611,733 $ 545,271 $ 1,229,506 $ 1,111,825
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]
Aircraft sales, trading and other $ 61,171 $ 12,425 $ 79,540 $ 42,533
Total revenues 672,904 557,696 1,309,046 1,154,358
Expenses        
Interest 172,174 118,997 323,786 236,274
Amortization of debt discounts and issuance costs 13,646 13,413 26,719 26,610
Interest expense 185,820 132,410 350,505 262,884
Depreciation of flight equipment 268,586 235,284 528,266 470,591
Write-off of Russian fleet 0 0 0 802,352
Selling, general and administrative 45,832 38,512 93,447 71,277
Stock-based compensation expense 8,715 6,558 14,611 4,035
Total expenses 508,953 412,764 986,829 1,611,139
Income/(loss) before taxes 163,951 144,932 322,217 (456,781)
Income tax (expense)/benefit (31,550) (28,655) (61,096) 104,065
Net income/(loss) 132,401 116,277 261,121 (352,716)
Preferred stock dividends (10,425) (10,425) (20,850) (20,850)
Net income/(loss) attributable to common stockholders, basic 121,976 105,852 240,271 (373,566)
Net income/(loss) attributable to common stockholders, diluted 121,976 105,852 240,271 (373,566)
Other comprehensive income/(loss):        
Foreign currency translation adjustment (6,123) 9,349 (6,953) 6,330
Change in fair value of hedged transactions 5,748 (9,941) 5,896 (4,712)
Total tax benefit/(expense) on other comprehensive income/loss 80 127 226 (346)
Other comprehensive income/(loss), net of tax (295) (465) (831) 1,272
Total comprehensive income/(loss) attributable for common stockholders $ 121,681 $ 105,387 $ 239,440 $ (372,294)
Earnings/(loss) per share of common stock:        
Basic (in dollars per share) $ 1.10 $ 0.95 $ 2.16 $ (3.32)
Diluted (in dollars per share) $ 1.10 $ 0.95 $ 2.16 $ (3.32)
Weighted-average shares of common stock outstanding        
Basic (in shares) 111,021,133 110,868,040 110,982,557 112,373,092
Diluted (in shares) 111,239,004 111,043,836 111,307,049 112,373,092
Dividends declared per share of common stock (in dollars per share) $ 0.20 $ 0.185 $ 0.40 $ 0.37