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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Leasing revenues:      
Operating leases $ 1,438,504 $ 1,564,486 $ 1,480,495
Finance leases 105,288 115,200 53,385
Total leasing revenues 1,543,792 1,679,686 1,533,880
Equipment trading revenues 95,998 147,874 142,969
Equipment trading expenses (88,099) (131,870) (108,870)
Trading margin 7,899 16,004 34,099
Net gain (loss) on sale of leasing equipment 58,615 115,665 107,060
Operating expenses:      
Depreciation and amortization 575,551 634,837 626,240
Direct operating expenses 101,552 42,381 26,860
Administrative expenses 88,839 93,011 89,319
Transaction and other costs 79,000 0 0
Provision (reversal) for doubtful accounts (3,369) (3,102) (2,475)
Total operating expenses 841,573 767,127 739,944
Operating income 768,733 1,044,228 935,095
Other expenses:      
Interest and debt expense 240,838 226,091 222,024
Unrealized (gain) loss on derivative instruments (15) (343) 0
Write-off of debt costs 0 1,933 133,853
Other (income) expense, net (643) (1,182) (1,379)
Total other expenses 240,180 226,499 354,498
Income (loss) before income taxes 528,553 817,729 580,597
Income tax (benefit) expense 54,464 70,807 50,357
Net income (loss) 474,089 746,922 530,240
Redeemable Preferred Stock Dividends 52,112 52,112 45,740
Net income (loss) attributable to shareholders $ 421,977 $ 694,810 $ 484,500