| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
Revenues | |||||||||
Rental of flight equipment | |||||||||
1,916,869 | 1,631,200 | 1,450,735 | 1,339,002 | 1,174,544 | 991,241 | 836,516 | 645,853 | 332,719 | 57,075 |
Aircraft sales, trading and other | |||||||||
100,035 | 48,502 | 65,645 | 80,053 | 48,296 | 59,252 | 22,159 | 9,893 | 4,022 | 1,291 |
Total revenues | |||||||||
2,016,904 | 1,679,702 | 1,516,380 | 1,419,055 | 1,222,840 | 1,050,493 | 858,675 | 655,746 | 336,741 | 58,366 |
Expenses | |||||||||
Interest | |||||||||
397,320 | 310,026 | 257,917 | 286,201 | 266,144 | 220,590 | 192,370 | 147,413 | 57,692 | 51,743 |
Amortization of debt discounts and issuance costs | |||||||||
36,691 | 32,706 | 29,454 | 30,942 | 30,507 | 27,772 | 23,627 | 16,994 | 9,481 | 4,883 |
Interest expense | |||||||||
434,011 | 342,732 | 287,371 | 255,259 | 235,637 | 192,818 | 168,743 | 130,419 | 44,862 | 11,062 |
Extinguishment of debt | |||||||||
- | - | - | - | - | - | - | - | -3,349 | - |
Amortization of convertible debt discounts | |||||||||
- | - | - | - | - | - | - | - | - | 35,798 |
Depreciation of flight equipment | |||||||||
702,810 | 581,985 | 508,352 | 452,682 | 397,760 | 336,657 | 280,037 | 216,219 | 112,307 | 19,262 |
Settlement | |||||||||
- | - | - | - | 72,000 | - | - | - | - | - |
Selling, general, and administrative | |||||||||
123,653 | 97,369 | 91,323 | 82,993 | 76,961 | 82,422 | 71,212 | 56,453 | 44,559 | 24,232 |
Stock-based compensation | |||||||||
20,745 | 17,478 | 19,804 | 16,941 | 17,022 | 16,048 | 21,614 | 31,688 | 39,342 | 24,044 |
Total expenses | |||||||||
1,281,219 | 1,039,564 | 906,850 | 838,817 | 829,887 | 655,717 | 565,233 | 451,773 | 253,900 | 119,281 |
Income before taxes | |||||||||
735,685 | 640,138 | 609,530 | 580,238 | 392,953 | 394,776 | 293,442 | 203,973 | 82,841 | -60,915 |
Income tax expense | |||||||||
148,564 | 129,303 | -146,622 | 205,313 | 139,562 | 138,778 | 103,031 | 72,054 | 29,609 | -8,875 |
Net income | |||||||||
575,163 | 510,835 | 756,152 | 374,925 | 253,391 | 255,998 | 190,411 | 131,919 | 53,232 | -52,040 |
Preferred stock dividends | |||||||||
11,958 | - | - | - | - | - | - | - | - | - |
Other Comprehensive Loss: | |||||||||
Change in foreign currency translation adjustment | |||||||||
-7,191 | - | - | - | - | - | - | - | - | - |
Change from current period hedged transaction | |||||||||
5,441 | - | - | - | - | - | - | - | - | - |
Total tax benefit on other comprehensive loss | |||||||||
-353 | - | - | - | - | - | - | - | - | - |
Other Comprehensive (loss)/income available for common stockholders, net of tax | |||||||||
-1,397 | - | - | - | - | - | - | - | - | - |
Total comprehensive income available for common stockholders | |||||||||
573,766 | 510,835 | 756,152 | - | - | - | - | - | - | - |
Earnings per share of Class A and Class B common stock: | |||||||||
Basic (in dollars per share) | |||||||||
5.14 | 4.88 | 7.33 | 3.65 | 2.47 | 2.51 | 1.88 | 1.31 | 0.59 | -1.32 |
Diluted (in dollars per share) | |||||||||
5.09 | 4.60 | 6.82 | 3.44 | 2.34 | 2.38 | 1.80 | 1.28 | 0.59 | -1.32 |
Weighted-average shares outstanding | |||||||||
Basic (in shares) | |||||||||
111,895 | 104,716 | 103,189 | 102,801 | 102,547 | 102,142 | 101,529 | 100,991 | 89,592 | 39,511 |
Diluted (in shares) | |||||||||
113,086 | 112,363 | 111,657 | 110,798 | 110,628 | 110,192 | 108,963 | 107,656 | 90,416 | 39,511 |
Dividends declared per share of Class A common stock (in dollars per share) | |||||||||
0.54 | 0.43 | 0.32 | 0.23 | - | - | - | - | - | - |