Consolidated Statements of Operations - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
|
| Revenues: | ||||
| Operating lease revenues | $ 277,996 | $ 276,765 | $ 556,290 | $ 633,160 |
| Finance lease revenues | 27,890 | 26,068 | 56,406 | 52,713 |
| Management fee revenues | 6,249 | 7,045 | 11,594 | 7,045 |
| Total revenues | 312,135 | 309,878 | 624,290 | 692,918 |
| Equipment trading revenues | 21,759 | 16,411 | 40,856 | 28,326 |
| Equipment trading expenses | (21,137) | (15,657) | (39,804) | (26,978) |
| Trading margin | 622 | 754 | 1,052 | 1,348 |
| Net gain (loss) on sale of leasing equipment | 2,008 | 7,861 | 579 | 18,555 |
| Operating expenses: | ||||
| Depreciation and amortization | 88,921 | 79,368 | 176,512 | 207,728 |
| Direct operating expenses | 16,523 | 14,764 | 34,528 | 29,583 |
| Administrative expenses | 26,143 | 24,287 | 52,461 | 48,413 |
| Provision (reversal) for doubtful accounts | 196 | 2,201 | 744 | 2,506 |
| Total operating expenses | 131,783 | 120,620 | 264,245 | 288,230 |
| Operating income (loss) | 182,982 | 197,873 | 361,676 | 424,591 |
| Other (income) expenses: | ||||
| Interest and debt expense | 66,103 | 58,891 | 129,515 | 127,020 |
| Other (income) expense, net | (168) | (195) | (202) | (272) |
| Total other (income) expenses | 65,935 | 58,696 | 129,313 | 126,748 |
| Income (loss) before income taxes | 117,047 | 139,177 | 232,363 | 297,843 |
| Income tax expense (benefit) | 11,383 | 13,453 | 20,255 | 27,346 |
| Net income (loss) | 105,664 | 125,724 | 212,108 | 270,497 |
| Less: dividends on preferred shares | 19,169 | 15,888 | 37,353 | 30,632 |
| Net income (loss) attributable to common shareholder | $ (86,495) | $ (109,836) | $ (174,755) | $ (239,865) |
| X | ||||||||||
- Definition Financing Lease, Lease Income No definition available.
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- Definition Management Lease, Lease Income No definition available.
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| X | ||||||||||
- Definition The total amount of revenue recognized for the period from operating leases, including minimum lease revenue, contingent revenue, percentage revenue, sublease revenue and capital leases. No definition available.
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| X | ||||||||||
- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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| X | ||||||||||
- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The aggregate direct operating costs incurred during the reporting period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The net gain (loss) arising from the lessor's sale of assets held- or available-for-lease under contractual arrangements classified as operating leases. Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
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| X | ||||||||||
- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of interest expense classified as nonoperating. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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| X | ||||||||||
- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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| X | ||||||||||
- Definition Amount of operating lease income from lease payments and variable lease payments paid and payable to lessor. Includes, but is not limited to, variable lease payments not included in measurement of lease receivable. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of expense (reversal of expense) for expected credit loss on accounts receivable. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Dividends paid to preferred stock holders that is redeemable solely at the option of the issuer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/exampleRef
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