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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues:        
Total revenues $ 98,468 $ 171,571 $ 205,270 $ 535,814
Costs and expenses:        
Interest expense 43,752 43,172 90,329 88,353
Depreciation and amortization 13,718 10,767 29,386 21,878
General and administrative 27,303 23,228 48,402 52,041
Provision for loan losses 110 18,892 13 18,037
Impairment of assets 1,102 6,088 4,953 10,188
Other expense 11,883 3,716 12,391 4,882
Total costs and expenses 129,142 226,267 257,136 575,371
Income from sales of real estate 220,523 56,895 229,930 73,943
Income from operations before earnings from equity method investments and other items 189,849 2,199 178,064 34,386
Loss on early extinguishment of debt, net 0 (2,164) (468) (2,536)
Earnings (losses) from equity method investments 3,640 (7,278) 8,949 (3,946)
Selling profit from sales-type leases 180,416 0 180,416 0
Gain on consolidation of equity method investment 0 67,877 0 67,877
Net income before income taxes 373,905 60,634 366,961 95,781
Income tax expense (214) (128) (240) (249)
Net income 373,691 60,506 366,721 95,532
Net (income) attributable to noncontrolling interests (2,852) (9,509) (5,323) (9,604)
Net income attributable to iStar Inc. 370,839 50,997 361,398 85,928
Preferred dividends (8,124) (8,124) (16,248) (16,248)
Net income allocable to common shareholders $ 362,715 $ 42,873 $ 345,150 $ 69,680
Net income allocable to common shareholders:        
Basic (in dollars per share) $ 5.67 $ 0.63 $ 5.24 $ 1.03
Diluted (in dollars per share) $ 4.55 $ 0.54 $ 4.26 $ 0.89
Weighted average number of common shares:        
Basic (in shares) 64,019 67,932 65,873 67,922
Diluted (in shares) 80,259 83,694 82,011 83,682
Operating lease income        
Revenues:        
Total revenues $ 55,185 $ 44,609 $ 114,100 $ 90,407
Interest income        
Revenues:        
Total revenues 20,341 25,212 40,716 51,909
Interest income from sales-type leases        
Revenues:        
Total revenues 3,817 0 3,817 0
Other income        
Revenues:        
Total revenues 10,050 20,823 24,863 36,142
Real estate        
Costs and expenses:        
Cost of sales expense 22,038 37,043 47,978 73,224
Land development        
Revenues:        
Total revenues 9,075 80,927 21,774 357,356
Costs and expenses:        
Cost of sales expense $ 9,236 $ 83,361 $ 23,684 $ 306,768