XML 16 R4.htm IDEA: XBRL DOCUMENT v3.21.1
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues    
Income from sales-type and direct financing leases $ 290,146 $ 224,252
Income from operating leases 0 10,913
Income from lease financing receivables and loans 70,377 12,843
Other income 6,974 693
Golf revenues 6,813 6,300
Total revenues 374,310 255,001
Operating expenses    
General and administrative 8,085 7,015
Depreciation 792 867
Other expenses 6,974 703
Golf expenses 4,506 4,370
Change in allowance for credit losses (4,380) 149,508
Transaction and acquisition expenses 8,721 4,517
Total operating expenses 24,698 166,980
Interest expense (77,048) (76,093)
Interest income 19 5,520
Loss from extinguishment of debt 0 (39,059)
Income (loss) before income taxes 272,583 (21,611)
Income tax expense (484) (454)
Net income (loss) 272,099 (22,065)
Less: Net income attributable to non-controlling interest (2,298) (1,947)
Net income (loss) attributable to common stockholders $ 269,801 $ (24,012)
Net income (loss) per common share    
Basic (in dollars per share) $ 0.50 $ (0.05)
Diluted (in dollars per share) $ 0.50 $ (0.05)
Weighted average number of shares of common stock outstanding    
Basic (in shares) 536,480,505 465,177,425
Diluted (in shares) 544,801,802 465,177,425
Other comprehensive income    
Net income (loss) attributable to common stockholders $ 269,801 $ (24,012)
Unrealized gain (loss) on cash flow hedges 12,378 (53,138)
Comprehensive income (loss) attributable to common stockholders $ 282,179 $ (77,150)