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, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues and other income      
Lease revenue $ 4,713,802 $ 4,867,623 $ 4,991,551
Net gain on sale of assets 229,093 138,522 183,328
Other income 94,598 145,986 112,676
Total Revenues and other income 5,037,493 5,152,131 5,287,555
Expenses      
Depreciation and amortization 1,727,296 1,791,336 1,843,003
Asset impairment 61,286 81,607 16,335
Interest expense 1,112,391 1,091,861 1,099,884
Leasing expenses 537,752 582,530 522,413
Transaction, integration and restructuring related expenses (a) 14,605 53,389 58,913 [1]
Selling, general and administrative expenses 348,291 351,012 381,308
Total Expenses 3,801,621 3,951,735 3,921,856
Income before income taxes and income of investments accounted for under the equity method 1,235,872 1,200,396 1,365,699
Provision for income taxes (164,718) (173,496) (189,805)
Equity in net earnings of investments accounted for under the equity method 9,199 12,616 1,278
Net income 1,080,353 1,039,516 1,177,172
Net (income) loss attributable to non-controlling interest (4,202) 7,114 1,558
Net income attributable to AerCap Holdings N.V. $ 1,076,151 $ 1,046,630 $ 1,178,730
Basic earnings per share (in USD per share) $ 6.68 $ 5.64 $ 5.78
Diluted earnings per share (in USD per share) $ 6.43 $ 5.52 $ 5.72
Weighted average shares outstanding—basic (in shares) 161,059,552 185,514,370 203,850,828
Weighted average shares outstanding—diluted (in shares) 167,287,508 189,682,036 206,224,135
[1] Includes $9.6 million of transaction and integration expenses related to the ILFC Transaction for the year ended December 31, 2015.