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Unaudited Condensed Consolidated Income Statements - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues and other income        
Total lease revenue $ 1,172,350 $ 1,186,163 $ 2,337,429 $ 2,348,256
Net gain on sale of assets 10,002 78,157 68,368 99,698
Other income 14,927 16,956 29,659 38,349
Total Revenues and other income 1,197,279 1,281,276 2,435,456 2,486,303
Expenses        
Depreciation and amortization 411,818 419,093 827,616 844,942
Asset impairment 73,421 17,819 87,368 22,850
Interest expense 311,758 332,441 630,375 666,620
Leasing expenses 77,574 65,244 180,871 156,965
Selling, general and administrative expenses 52,913 64,543 117,497 131,416
Total Expenses 927,484 899,140 1,843,727 1,822,793
Unrealized gain on investment at fair value 13,942 0 13,942 0
Income before income taxes and income of investments accounted for under the equity method 283,737 382,136 605,671 663,510
Provision for income taxes (38,305) (49,677) (81,766) (86,256)
Equity in net earnings of investments accounted for under the equity method 2,173 1,935 3,504 4,037
Net income 247,605 334,394 527,409 581,291
Net income attributable to non-controlling interest (1,544) (2,934) (4,524) (15,645)
Net income attributable to AerCap Holdings N.V. $ 246,061 $ 331,460 $ 522,885 $ 565,646
Basic earnings per share (in USD per share) $ 1.93 $ 2.44 $ 4.09 $ 4.13
Diluted earnings per share (in USD per share) $ 1.92 $ 2.42 $ 4.06 $ 4.09
Weighted average shares outstanding—basic (in shares) 127,425,886 135,917,192 127,862,816 137,029,147
Weighted average shares outstanding—diluted (in shares) 128,131,663 137,072,268 128,938,138 138,396,628
Basic lease rents        
Revenues and other income        
Total lease revenue $ 948,126 $ 1,077,068 $ 1,978,920 $ 2,152,350
Maintenance rents and other receipts        
Revenues and other income        
Total lease revenue $ 224,224 $ 109,095 $ 358,509 $ 195,906