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CONSOLIDATED STATEMENTS OF OPERATIONS AND OTHER COMPREHENSIVE INCOME/(LOSS) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues        
Rental of flight equipment $ 604,027 $ 541,397 $ 1,833,533 $ 1,653,223
Revenue from Contract with Customer, Product and Service [Extensible Enumeration] Aircraft Sales, Trading And Other [Member] Aircraft Sales, Trading And Other [Member] Aircraft Sales, Trading And Other [Member] Aircraft Sales, Trading And Other [Member]
Aircraft sales, trading and other $ 55,337 $ 19,937 $ 134,876 $ 62,469
Total revenues 659,364 561,334 1,968,409 1,715,692
Expenses        
Interest 161,769 122,348 485,555 358,621
Amortization of debt discounts and issuance costs 13,695 13,162 40,414 39,772
Interest expense 175,464 135,510 525,969 398,393
Depreciation of flight equipment 267,393 242,503 795,659 713,095
Write-off of Russian fleet 0 0 0 802,352
Selling, general and administrative 42,770 39,718 136,216 110,993
Stock-based compensation expense 8,719 5,764 23,330 9,799
Total expenses 494,346 423,495 1,481,174 2,034,632
Income/(loss) before taxes 165,018 137,839 487,235 (318,940)
Income tax (expense)/benefit (32,568) (27,458) (93,664) 76,606
Net income/(loss) 132,450 110,381 393,571 (242,334)
Preferred stock dividends (10,425) (10,425) (31,275) (31,275)
Net income/(loss) attributable to common stockholders, basic 122,025 99,956 362,296 (273,609)
Net income/(loss) attributable to common stockholders, diluted 122,025 99,956 362,296 (273,609)
Other comprehensive income/(loss):        
Foreign currency translation adjustment 7,453 21,481 500 27,811
Change in fair value of hedged transactions (7,629) (17,063) (1,733) (21,774)
Total tax benefit/(expense) on other comprehensive income/loss 37 (946) 263 (1,292)
Other comprehensive income/(loss), net of tax (139) 3,472 (970) 4,745
Total comprehensive income/(loss) attributable for common stockholders $ 121,886 $ 103,428 $ 361,326 $ (268,864)
Earnings/(loss) per share of common stock:        
Basic (in dollars per share) $ 1.10 $ 0.90 $ 3.26 $ (2.45)
Diluted (in dollars per share) $ 1.10 $ 0.90 $ 3.25 $ (2.45)
Weighted-average shares of common stock outstanding        
Basic (in shares) 111,027,252 110,892,097 110,997,619 111,874,002
Diluted (in shares) 111,346,799 111,090,133 111,383,257 111,874,002
Dividends declared per share of common stock (in dollars per share) $ 0.20 $ 0.185 $ 0.60 $ 0.555