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CONSOLIDATED STATEMENTS OF INCOME AND OTHER COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues        
Rental of flight equipment $ 625,180 $ 604,027 $ 1,849,014 $ 1,833,533
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 $ 64,984 $ 55,337 $ 171,748 $ 134,876
Total revenues 690,164 659,364 2,020,762 1,968,409
Expenses        
Interest 203,092 161,769 574,691 485,555
Amortization of debt discounts and issuance costs 14,371 13,695 40,772 40,414
Interest expense 217,463 175,464 615,463 525,969
Depreciation of flight equipment 290,132 267,393 849,374 795,659
Selling, general and administrative 44,418 42,770 137,592 136,216
Stock-based compensation expense 7,919 8,719 25,031 23,330
Total expenses 559,932 494,346 1,627,460 1,481,174
Income before taxes 130,232 165,018 393,302 487,235
Income tax expense (26,261) (32,568) (78,519) (93,664)
Net income 103,971 132,450 314,783 393,571
Preferred stock dividends (12,325) (10,425) (35,258) (31,275)
Net income attributable to common stockholders, basic 91,646 122,025 279,525 362,296
Net income attributable to common stockholders, diluted 91,646 122,025 279,525 362,296
Other comprehensive income/(loss):        
Foreign currency translation adjustment (35,976) 7,453 (2,956) 500
Change in fair value of hedged transactions 31,833 (7,629) (3,254) (1,733)
Total tax benefit on other comprehensive income 886 37 1,329 263
Other comprehensive income/(loss), net of tax (3,257) (139) (4,881) (970)
Total comprehensive income attributable for common stockholders $ 88,389 $ 121,886 $ 274,644 $ 361,326
Earnings per share of common stock:        
Basic (in dollars per share) $ 0.82 $ 1.10 $ 2.51 $ 3.26
Diluted (in dollars per share) $ 0.82 $ 1.10 $ 2.50 $ 3.25
Weighted-average shares of common stock outstanding        
Basic (in shares) 111,376,884 111,027,252 111,308,222 110,997,619
Diluted (in shares) 111,804,113 111,346,799 111,801,757 111,383,257
Dividends declared per share of common stock (in dollars per share) $ 0.21 $ 0.20 $ 0.63 $ 0.60