XML 63 R4.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues      
Rental of flight equipment $ 1,916,869 $ 1,631,200 $ 1,450,735
Aircraft sales, trading, and other 100,035 48,502 65,645
Total revenues 2,016,904 1,679,702 1,516,380
Expenses      
Interest 397,320 310,026 257,917
Amortization of debt discounts and issuance costs 36,691 32,706 29,454
Interest expense 434,011 342,732 287,371
Depreciation of flight equipment 702,810 581,985 508,352
Selling, general, and administrative 123,653 97,369 91,323
Stock-based compensation 20,745 17,478 19,804
Total expenses 1,281,219 1,039,564 906,850
Income before taxes 735,685 640,138 609,530
Income tax (expense)/benefit (148,564) (129,303) 146,622
Net income 587,121 510,835 756,152
Preferred stock dividends (11,958)    
Net income available to common stockholders 575,163 510,835 756,152
Other Comprehensive Loss:      
Change in foreign currency translation adjustment (7,191)    
Change from current period hedged transaction 5,441    
Total tax benefit on other comprehensive loss 353    
Other Comprehensive (loss)/income available for common stockholders, net of tax (1,397)    
Total comprehensive income available for common stockholders $ 573,766 $ 510,835 $ 756,152
Earnings per share of common stock:      
Basic (in dollars per share) $ 5.14 $ 4.88 $ 7.33
Diluted (in dollars per share) $ 5.09 $ 4.60 $ 6.82
Weighted-average shares of common stock outstanding      
Basic (in shares) 111,895,433 104,716,301 103,189,175
Diluted (in shares) 113,086,323 112,363,331 111,657,564
Dividends declared per share (in dollars per share) $ 0.54 $ 0.43 $ 0.325