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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
REVENUE    
Interest income $ 8,721 $ 7,579
Gain on sale of leased equipment 10,581 3,133
Gain on sale of financial assets 0 3,116
Total revenue 418,555 311,927
EXPENSES    
Depreciation and amortization expense 90,925 88,260
Cost of spare parts and equipment sales 15,207 20,833
Write-down of equipment 4,398 21,849
General and administrative 144,788 92,530
Technical expense 20,220 14,415
Net finance costs:    
Interest expense 78,795 66,743
Gain on debt extinguishment 0 (2,558)
Total net finance costs 78,795 64,185
Total expenses 354,333 302,072
Income from operations 64,222 9,855
Income (loss) from joint ventures 2,908 (62)
Income before income taxes 67,130 9,793
Income tax expense 23,349 4,354
Net income 43,781 5,439
Preferred stock dividends 3,334 3,250
Accretion of preferred stock issuance costs 75 84
Net income attributable to common shareholders $ 40,372 $ 2,105
Basic weighted average earnings per common share (in dollars per share) $ 6.40 $ 0.35
Diluted weighted average earnings per common share (in dollars per share) $ 6.23 $ 0.33
Basic weighted average common shares outstanding (in shares) 6,305 6,071
Diluted weighted average common shares outstanding (in shares) 6,481 6,297
Lease rent revenue    
REVENUE    
Lease rent and maintenance reserve revenue $ 213,138 $ 162,571
Maintenance reserve revenue    
REVENUE    
Lease rent and maintenance reserve revenue 133,668 83,424
Spare parts and equipment sales    
REVENUE    
Other sales and revenues 20,359 27,009
Other revenue    
REVENUE    
Other sales and revenues $ 32,088 $ 25,095