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CONSOLIDATED STATEMENTS OF INCOME AND OTHER COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues        
Rental of flight equipment $ 609,505 $ 611,733 $ 1,223,834 $ 1,229,506
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 $ 57,783 $ 61,171 $ 106,764 $ 79,540
Total revenues 667,288 672,904 1,330,598 1,309,046
Expenses        
Interest 190,004 172,174 371,599 323,786
Amortization of debt discounts and issuance costs 13,292 13,646 26,401 26,719
Interest expense 203,296 185,820 398,000 350,505
Depreciation of flight equipment 281,982 268,586 559,242 528,266
Selling, general and administrative 45,432 45,832 93,175 93,447
Stock-based compensation expense 8,837 8,715 17,112 14,611
Total expenses 539,547 508,953 1,067,529 986,829
Income before taxes 127,741 163,951 263,069 322,217
Income tax expense (24,795) (31,550) (52,257) (61,096)
Net income 102,946 132,401 210,812 261,121
Preferred stock dividends (12,508) (10,425) (22,933) (20,850)
Net income attributable to common stockholders, basic 90,438 121,976 187,879 240,271
Net income attributable to common stockholders, diluted 90,438 121,976 187,879 240,271
Other comprehensive income/(loss):        
Foreign currency translation adjustment 14,576 (6,123) 33,020 (6,953)
Change in fair value of hedged transactions (15,226) 5,748 (35,086) 5,896
Total tax benefit on other comprehensive income/(loss) 139 80 442 226
Other comprehensive income/(loss), net of tax (511) (295) (1,624) (831)
Total comprehensive income attributable for common stockholders $ 89,927 $ 121,681 $ 186,255 $ 239,440
Earnings per share of common stock:        
Basic (in dollars per share) $ 0.81 $ 1.10 $ 1.69 $ 2.16
Diluted (in dollars per share) $ 0.81 $ 1.10 $ 1.68 $ 2.16
Weighted-average shares of common stock outstanding        
Basic (in shares) 111,372,434 111,021,133 111,273,514 110,982,557
Diluted (in shares) 111,740,821 111,239,004 111,712,719 111,307,049
Dividends declared per share of common stock (in dollars per share) $ 0.21 $ 0.20 $ 0.42 $ 0.40