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Unaudited Condensed Consolidated Income Statements - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues and other income        
Operating lease, lease income $ 1,747,562 $ 1,717,382 $ 3,512,653 $ 3,441,187
Net gain on sale of assets 129,459 165,909 289,039 265,449
Other income 81,124 41,090 174,541 83,467
Total Revenues and other income 1,958,145 1,924,381 3,976,233 3,790,103
Expenses        
Depreciation and amortization 636,419 615,604 1,269,897 1,226,121
Net recoveries related to Ukraine Conflict 0 (13,964) (22,749) (28,072)
Asset impairment 27,686 2,098 30,356 36,433
Interest expense 478,282 427,376 969,797 863,598
Loss on debt extinguishment 7,008 790 7,020 3,851
Leasing expenses 172,791 229,238 321,405 455,247
Selling, general and administrative expenses 125,333 119,737 244,625 230,341
Total Expenses 1,447,519 1,380,879 2,820,351 2,787,519
(Loss) gain on investments at fair value (18,207) (5,259) (4,684) 3,986
Income before income taxes and income of investments accounted for under the equity method 492,419 538,243 1,151,198 1,006,570
Income tax expense (76,346) (75,747) (170,455) (141,341)
Equity in net earnings of investments accounted for under the equity method 32,094 34,374 71,634 66,918
Net income 448,167 496,870 1,052,377 932,147
Net (income) loss attributable to non-controlling interest (1) (3,976) 3 (7,148)
Net income attributable to AerCap Holdings N.V. $ 448,166 $ 492,894 $ 1,052,380 $ 924,999
Basic earnings per share (in USD per share) $ 2.33 $ 2.13 $ 5.42 $ 3.93
Diluted earnings per share (in USD per share) $ 2.28 $ 2.12 $ 5.30 $ 3.90
Weighted average shares outstanding—basic (in shares) 192,515,755 231,318,582 194,144,800 235,321,261
Weighted average shares outstanding—diluted (in shares) 196,881,272 232,866,512 198,514,778 237,204,222
Basic lease rents        
Revenues and other income        
Operating lease, lease income $ 1,567,526 $ 1,561,368 $ 3,153,157 $ 3,098,031
Maintenance rents and other receipts        
Revenues and other income        
Operating lease, lease income $ 180,036 $ 156,014 $ 359,496 $ 343,156