Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Consolidated Income Statements

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Consolidated Income Statements - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues and other income      
Lease revenue $ 4,682,266    
Lease revenue   $ 4,537,093 $ 4,713,802
Net gain on sale of assets 188,835 201,323 229,093
Other income 66,239 61,564 94,598
Total Revenues and other income 4,937,340 4,799,980 5,037,493
Expenses      
Depreciation and amortization 1,676,121 1,679,074 1,727,296
Asset impairment 70,149 44,186 61,286
Interest expense 1,295,020 1,174,074 1,112,391
Leasing expenses 287,950 446,487 537,752
Restructuring related expenses 0 0 14,605
Selling, general and administrative expenses 267,458 305,226 348,291
Total Expenses 3,596,698 3,649,047 3,801,621
Income before income taxes and income of investments accounted for under the equity method 1,340,642 1,150,933 1,235,872
Provision for income taxes (167,714) (144,079) (164,718)
Equity in net earnings of investments accounted for under the equity method (6,151) 10,643 9,199
Net income 1,166,777 1,017,497 1,080,353
Net income attributable to non-controlling interest (21,083) (1,865) (4,202)
Net income attributable to AerCap Holdings N.V. $ 1,145,694 $ 1,015,632 $ 1,076,151
Basic earnings per share (in USD per share) $ 8.51 $ 7.00 $ 6.68
Diluted earnings per share (in USD per share) $ 8.43 $ 6.83 $ 6.43
Weighted average shares outstanding—basic (in shares) 134,570,169 145,162,220 161,059,552
Weighted average shares outstanding—diluted (in shares) 135,898,139 148,706,266 167,287,508
Basic lease rents      
Revenues and other income      
Lease revenue $ 4,281,260    
Lease revenue   $ 4,145,552 $ 4,194,224
Maintenance rents and other receipts      
Revenues and other income      
Lease revenue $ 401,006    
Lease revenue   $ 391,541 $ 519,578