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REVENUES
9 Months Ended
Sep. 30, 2022
Revenue from Contract with Customer [Abstract]  
REVENUES
10. REVENUES
We disaggregate our revenue from contracts with customers by products and services provided for each of our segments, as we believe it best depicts the nature, amount, timing and uncertainty of our revenue. Revenues are within the scope of ASC 842, Leases and ASC 606, Revenue from contracts with customers, unless otherwise noted. We have elected to exclude sales and other similar taxes from revenues.
During the three months ended September 30, 2022, we updated our corporate strategy based on the opportunities available in the market such that the sale of aircraft and engines is now an output of our recurring, ordinary activities. As a result of this update, the transaction price allocated to the sale of assets is included in Revenues in the Consolidated Statement of Operations for the three months ended September 30, 2022 and are accounted for in accordance with ASC 606. The corresponding net book values of the assets sold are recorded in Cost of sales in the Consolidated Statement of Operations for the three months ended September 30, 2022. Sales transactions of aircraft and engines prior to the three months ended September 30, 2022 were accounted for in accordance with ASC 610-20, Gains and losses from the derecognition of nonfinancial assets and were included in Gain on sale of assets, net on the Consolidated Statement of Operations, as we were previously only occasionally selling these assets. Generally, assets sold were under leasing arrangements with customers prior to sales and are included in Leasing equipment, net, on the Consolidated Balance Sheets.

Three Months Ended September 30, 2022
Aviation LeasingAerospace ProductsCorporate and OtherTotal
Revenues
Lease income$40,273 $ $9,806 $50,079 
Maintenance revenue35,507   35,507 
Finance lease income119   119 
Asset sales revenue85,488   85,488 
Aerospace products revenue 53,401  53,401 
Other revenue3,461  2,310 5,771 
Total revenues$164,848 $53,401 $12,116 $230,365 

Three Months Ended September 30, 2021
Aviation LeasingAerospace ProductsCorporate and OtherTotal
Revenues
Lease income$40,392 $— $2,386 $42,778 
Maintenance revenue40,252 — — 40,252 
Finance lease income439 — — 439 
Aerospace products revenue— 7,730 — 7,730 
Other revenue5,125 — 2,850 7,975 
Total revenues$86,208 $7,730 $5,236 $99,174 

Nine Months Ended September 30, 2022
Aviation LeasingAerospace ProductsCorporate and OtherTotal
Revenues
Lease income$111,316 $ $17,515 $128,831 
Maintenance revenue112,171   112,171 
Finance lease income332   332 
Asset sales revenue85,488   85,488 
Aerospace products revenue 94,211  94,211 
Other revenue8,687  4,400 13,087 
Total revenues$317,994 $94,211 $21,915 $434,120 
Nine Months Ended September 30, 2021
Aviation LeasingAerospace ProductsCorporate and OtherTotal
Revenues
Lease income$120,389 $— $5,518 $125,907 
Maintenance revenue87,763 — — 87,763 
Finance lease income1,285 — — 1,285 
Aerospace products revenue— 13,284 — 13,284 
Other revenue5,761 — 3,352 9,113 
Total revenues$215,198 $13,284 $8,870 $237,352 

Presented below are the contracted minimum future annual revenues to be received under existing operating and finance leases:
September 30, 2022
Remainder of 2022$37,708 
2023111,850 
202470,428 
202543,890 
202624,835 
Thereafter65,820 
Total$354,531