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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
REVENUE    
Interest revenue $ 11,683 $ 8,721
Gain on sale of leased equipment 45,063 10,581
Total revenue 569,223 418,555
EXPENSES    
Depreciation and amortization expense 92,460 90,925
Cost of spare parts and equipment sales 22,852 15,207
Cost of maintenance services 24,470 21,159
Write-down of equipment 11,228 4,398
General and administrative 146,757 115,740
Technical expense 22,294 28,109
Net finance costs:    
Interest expense 104,764 78,795
Total net finance costs 104,764 78,795
Total expenses 424,825 354,333
Income from operations 144,398 64,222
Income from joint ventures 8,247 2,908
Income before income taxes 152,645 67,130
Income tax expense 44,033 23,349
Net income 108,612 43,781
Preferred stock dividends 4,126 3,334
Accretion of preferred stock issuance costs 108 75
Net income attributable to common shareholders $ 104,378 $ 40,372
Basic weighted average earnings per common share (in dollars per share) $ 15.97 $ 6.40
Diluted weighted average earnings per common share (in dollars per share) $ 15.34 $ 6.23
Basic weighted average common shares outstanding (in shares) 6,536 6,305
Diluted weighted average common shares outstanding (in shares) 6,804 6,481
Lease rent revenue    
REVENUE    
Lease rent and maintenance reserve revenue $ 238,236 $ 213,138
Maintenance reserve revenue    
REVENUE    
Lease rent and maintenance reserve revenue 213,908 133,668
Spare parts and equipment sales    
REVENUE    
Other sales and revenues 27,099 20,359
Maintenance services revenue    
REVENUE    
Other sales and revenues 24,158 24,168
Other revenue    
REVENUE    
Other sales and revenues $ 9,076 $ 7,920