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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Leasing revenues:      
Operating leases $ 1,426,947 $ 1,438,504 $ 1,564,486
Finance leases 107,889 105,288 115,200
Total leasing revenues 1,534,836 1,543,792 1,679,686
Equipment trading revenues 48,637 95,998 147,874
Equipment trading expenses (44,341) (88,099) (131,870)
Trading margin 4,296 7,899 16,004
Net gain (loss) on sale of leasing equipment 12,369 58,615 115,665
Operating expenses:      
Depreciation and amortization 541,468 575,551 634,837
Direct operating expenses 66,389 101,552 42,381
Administrative expenses 91,201 88,839 93,011
Transaction and other costs 26,986 79,000 0
Provision (reversal) for doubtful accounts (1,192) (3,369) (3,102)
Total operating expenses 724,852 841,573 767,127
Operating income (loss) 826,649 768,733 1,044,228
Other (income) expenses:      
Interest and debt expense 259,941 240,838 226,091
Unrealized (gain) loss on derivative instruments (40) 15 343
Debt termination expense 87 0 1,933
Other (income) expense, net (417) (643) (1,182)
Total other (income) expenses 259,651 240,180 226,499
Income (loss) before income taxes 566,998 528,553 817,729
Income tax expense (benefit) 48,803 54,464 70,807
Net income (loss) 518,195 474,089 746,922
Less: dividends on preferred shares 52,112 52,112 52,112
Net income (loss) attributable to shareholders $ (466,083) $ (421,977) $ (694,810)