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CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Lease & related maintenance and rental revenues $ 1,013,968 $ 933,771 $ 2,941,084 $ 2,730,187
Total revenues 2,459,049 2,150,575 7,062,908 6,207,163
Other operating expenses 32,382 30,009 99,763 93,423
Selling, general and administrative expenses 255,589 211,183 766,599 643,866
Non-operating pension costs, net (148) 7,200 (530) 9,357
Used vehicle sales, net (69,303) (12,919) (149,788) 17,253
Interest expense 53,752 62,608 162,613 192,459
Miscellaneous (income) loss, net (5,952) (10,552) (55,198) (11,830)
Restructuring and other items, net 4,137 24,490 22,463 92,637
Total expenses 2,275,843 2,095,810 6,605,862 6,360,809
Earnings (loss) from continuing operations before income taxes 183,206 54,765 457,046 (153,646)
Provision for (benefit from) income taxes 44,547 9,680 117,235 (15,897)
Earnings (loss) from continuing operations 138,659 45,085 339,811 (137,749)
Loss from discontinued operations, net of tax (605) (9,251) (1,827) (10,129)
Net earnings (loss) $ 138,054 $ 35,834 $ 337,984 $ (147,878)
Earnings (loss) per common share — Basic        
Continuing operations (in dollars per share) $ 2.64 $ 0.86 $ 6.46 $ (2.64)
Discontinued operations (in dollars per share) (0.01) (0.18) (0.03) (0.20)
Net earnings (loss) (in dollars per share) 2.63 0.68 6.43 (2.83)
Earnings (loss) per common share — Diluted        
Continuing operations (in dollars per share) 2.58 0.85 6.33 (2.64)
Discontinued operations (in dollars per share) (0.01) (0.17) (0.03) (0.20)
Net earnings (loss) (in dollars per share) $ 2.57 $ 0.68 $ 6.30 $ (2.83)
Cost of lease & related maintenance and rental        
Cost of services sold $ 725,341 $ 758,351 $ 2,164,222 $ 2,351,993
Services revenue        
Revenue 1,320,761 1,120,544 3,762,389 3,174,999
Cost of services sold 1,163,606 932,510 3,255,123 2,680,292
Fuel services revenue        
Revenue 124,320 96,260 359,435 301,977
Cost of services sold $ 116,439 $ 92,930 $ 340,595 $ 291,359