| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | |
|---|---|---|---|---|---|---|
Leasing revenues: | ||||||
Operating leases | ||||||
1,307,218 | 1,328,756 | 1,141,165 | 813,357 | 699,810 | 699,188 | |
Finance leases | ||||||
40,051 | 21,547 | 22,352 | 15,337 | 8,029 | 8,027 | |
Operating and Capital Leases Income Statement Lease Revenue | ||||||
1,347,269 | 1,350,303 | 1,163,517 | 828,694 | 707,839 | 707,215 | |
Equipment trading revenues | ||||||
83,993 | 83,039 | 37,419 | 16,418 | 0 | 0 | |
Equipment trading expenses | ||||||
69,485 | 64,118 | 33,235 | 15,800 | 0 | 0 | |
Gross Profit | ||||||
14,508 | 18,921 | 4,184 | 618 | 0 | 0 | |
Net gain on sale of leasing equipment | ||||||
27,041 | 35,377 | 35,812 | -20,347 | 2,013 | 31,616 | |
Net gain on sale of building | ||||||
0 | 21,000 | 0 | 0 | - | - | |
Operating expenses: | ||||||
Depreciation, Depletion and Amortization | ||||||
536,131 | 545,138 | 500,720 | 392,592 | 300,470 | 258,489 | |
Direct operating expenses | ||||||
79,074 | 48,326 | 62,891 | 84,256 | 54,440 | 58,014 | |
Total revenues | ||||||
83,993 | 83,039 | 37,419 | 16,418 | - | - | |
Administrative expenses | ||||||
75,867 | 80,033 | 87,609 | 65,618 | 53,435 | 55,659 | |
Transaction and other costs | ||||||
0 | 88 | 9,272 | 66,916 | 22,185 | 30,477 | |
Provision (reversal) for doubtful accounts | ||||||
590 | -231 | 3,347 | 23,304 | -2,156 | 1,324 | |
Insurance recovery income | ||||||
0 | 0 | 6,764 | 0 | 0 | - | |
Costs and Expenses | ||||||
691,662 | 673,354 | 657,075 | 632,686 | 428,374 | 403,963 | |
Operating income (loss) | ||||||
697,156 | 752,200 | 546,438 | 176,279 | 281,478 | 334,868 | |
Other expenses: | ||||||
Interest and debt expense | ||||||
316,170 | 322,731 | 282,347 | 184,014 | 140,644 | 137,370 | |
Realized (gain) loss on derivative instruments, net | ||||||
2,237 | 2,072 | -900 | 3,438 | -5,496 | -9,385 | |
Unrealized (gain) loss on derivative instruments, net | ||||||
-3,100 | -400 | 1,400 | 4,405 | -2,240 | -3,798 | |
Debt termination expense | ||||||
2,500 | 6,100 | 7,000 | 100 | 1,170 | 7,468 | |
Other (income) expense, net | ||||||
3,257 | 2,292 | 2,637 | 1,076 | -211 | 689 | |
Total other expenses | ||||||
-316,326 | -324,887 | -286,186 | -182,112 | -149,761 | -157,332 | |
Income (loss) before income taxes | ||||||
380,830 | 427,313 | 260,252 | -5,833 | 131,717 | 177,536 | |
Income tax expense (benefit) | ||||||
27,551 | 70,641 | -93,274 | -48 | 4,048 | 6,232 | |
Net income (loss) | ||||||
353,279 | 356,672 | 353,526 | -5,785 | 127,669 | 171,304 | |
Less: income (loss) attributable to noncontrolling interest | ||||||
592 | 7,117 | 8,928 | 7,732 | 16,580 | 21,837 | |
Less: dividend on preferred shares | ||||||
13,646 | 0 | 0 | - | - | - | |
Net income (loss) attributable to common shareholders | ||||||
339,041 | 349,555 | 344,598 | -13,517 | 111,089 | 149,467 | |
Net income per common share—Basic | ||||||
4.57 | 4.38 | 4.55 | -0.24 | 2.75 | 3.73 | |
Net income per common share—Diluted | ||||||
4.54 | 4.35 | 4.52 | -0.24 | 2.71 | 3.52 | |
Common Stock, Dividends, Per Share, Cash Paid | ||||||
2.08 | 2.01 | 1.80 | 1.35 | 0.00 | 5.38 | |
Weighted average number of common shares outstanding—Basic | ||||||
74,190 | 79,782 | 75,679 | 56,032 | 40,429 | 40,021 | |
Dilutive restricted shares | ||||||
510 | 582 | 509 | 0 | 503 | 2,437 | |
Weighted average number of common shares outstanding—Diluted | ||||||
74,700 | 80,364 | 76,188 | 56,032 | 40,932 | 42,458 | |