Complete financial analysis of Willis Lease Finance Corporation (WLFC) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Willis Lease Finance Corporation, a leading company in the Rental & Leasing Services industry within the Industrials sector.
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Willis Lease Finance Corporation (WLFC)
About Willis Lease Finance Corporation
Willis Lease Finance Corporation operates as a lessor and servicer of commercial aircraft and aircraft engines worldwide. The company operates through two segments, Leasing and Related Operations, and Spare Parts Sales. The Leasing and Related Operations segment engages in acquiring and leasing commercial aircraft, aircraft engines, and other aircraft equipment, as well as the purchase and resale of commercial aircraft engines and other aircraft equipment, and other related businesses. The Spare Parts Sales segment purchases and resells after-market engine parts, whole engines, engine modules, and portable aircraft components. The company also focuses on engine management and consulting business. It serves commercial aircraft operators, as well as maintenance, repair, and overhaul organizations. As of December 31, 2021, it had a total lease portfolio of 304 engines, 12 aircraft, one marine vessel, and other leased parts and equipment, and with 76 lessees in 40 countries; and managed a total lease portfolio of 475 engines, aircraft, and related equipment for other parties. The company was founded in 1985 and is headquartered in Coconut Creek, Florida.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 407.97M | 311.93M | 274.20M | 288.69M | 409.16M | 348.35M | 274.84M | 207.27M | 199.61M | 174.29M | 158.41M | 148.09M | 156.65M | 148.30M | 150.44M | 152.29M | 121.90M | 84.97M | 70.55M | 61.94M | 59.87M | 55.88M | 66.15M | 49.01M | 83.40M | 74.60M | 50.50M | 32.30M | 22.70M |
| Cost of Revenue | 106.13M | 109.09M | 105.43M | 111.30M | 148.88M | 137.84M | 106.87M | 79.57M | 87.45M | 72.92M | 58.73M | 52.59M | 8.39M | 8.12M | 7.15M | 6.14M | 3.82M | 601.00K | 81.00K | 577.00K | 1.27M | 3.05M | 0.00 | 0.00 | 36.70M | 20.90M | 20.20M | 14.10M | 5.20M |
| Gross Profit | 301.84M | 202.83M | 168.77M | 177.39M | 260.28M | 210.51M | 167.97M | 127.70M | 112.16M | 101.37M | 99.69M | 95.50M | 148.26M | 140.18M | 143.29M | 146.15M | 118.08M | 84.37M | 70.47M | 61.36M | 58.60M | 52.83M | 66.15M | 49.01M | 46.70M | 53.70M | 30.30M | 18.20M | 17.50M |
| Gross Profit Ratio | 73.99% | 65.03% | 61.55% | 61.45% | 63.61% | 60.43% | 61.12% | 61.61% | 56.19% | 58.16% | 62.93% | 64.49% | 94.64% | 94.53% | 95.25% | 95.97% | 96.86% | 99.29% | 99.89% | 99.07% | 97.88% | 94.54% | 100.00% | 100.00% | 56.00% | 71.98% | 60.00% | 56.35% | 77.09% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 12.86M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 144.79M | 106.95M | 75.35M | 67.91M | 86.52M | 72.02M | 55.74M | 47.78M | 42.74M | 35.86M | 33.87M | 34.55M | 35.70M | 29.30M | 26.77M | 30.76M | 23.09M | 20.96M | 16.88M | 14.79M | 13.85M | 14.44M | 13.14M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 20.22M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 81.00K | 577.00K | 1.27M | 3.05M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 165.01M | 106.95M | 75.35M | 67.91M | 86.52M | 72.02M | 55.74M | 47.78M | 42.74M | 35.86M | 33.87M | 34.55M | 35.70M | 29.30M | 26.77M | 30.76M | 23.09M | 20.96M | 16.96M | 15.37M | 15.12M | 17.49M | 13.14M | 11.93M | 17.50M | 15.20M | 9.30M | 5.10M | 3.30M |
| Other Expenses | 0.00 | 0.00 | 9.38M | 6.53M | 8.12M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -12.86M | 0.00 | 51.59M | 48.70M | 43.22M | 37.44M | 31.14M | 25.56M | 25.29M | 23.20M | 21.69M | 15.38M | 17.45M | 12.42M | 13.70M | 8.30M | 4.20M | 3.20M | 4.70M |
| Operating Expenses | 165.01M | 106.95M | 84.73M | 74.44M | 94.65M | 83.16M | 65.47M | 54.77M | 52.15M | 48.20M | 46.73M | 41.56M | 87.29M | 78.01M | 69.98M | 68.20M | 54.23M | 46.52M | 42.25M | 38.57M | 36.81M | 32.87M | 30.58M | 24.34M | 31.20M | 23.50M | 13.50M | 8.30M | 8.00M |
| Cost & Expenses | 271.14M | 216.04M | 190.16M | 185.75M | 243.53M | 221.00M | 172.34M | 134.35M | 139.60M | 121.11M | 105.46M | 94.15M | 95.69M | 86.12M | 77.13M | 68.20M | 54.23M | 46.52M | 42.25M | 38.57M | 36.81M | 32.87M | 30.58M | 24.34M | 67.90M | 44.40M | 33.70M | 22.40M | 13.20M |
| Interest Income | 0.00 | 7.58M | 55.05M | 63.02M | 66.89M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 80.00K | 167.00K | 212.00K | 280.00K | 1.89M | 3.80M | 3.08M | 1.54M | 0.00 | 244.00K | 0.00 | 0.00 | 902.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 78.80M | 66.74M | 67.99M | 63.02M | 66.89M | 64.22M | 48.72M | 41.14M | 39.01M | 37.06M | 38.72M | 31.75M | 35.20M | 40.95M | 36.01M | 38.64M | 37.94M | 31.61M | 24.51M | 0.00 | 17.41M | 0.00 | 0.00 | 24.61M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 90.93M | 88.26M | 90.50M | 94.54M | 86.24M | 76.81M | 66.02M | 66.28M | 69.59M | 65.44M | 58.73M | 52.59M | 51.25M | 48.70M | 44.09M | 37.44M | 35.43M | 29.73M | 28.34M | 23.45M | 21.69M | 19.45M | 18.06M | 14.62M | 13.70M | 8.30M | 4.20M | 3.20M | 4.70M |
| EBITDA | 233.44M | 164.80M | 167.63M | 176.90M | 242.72M | 197.31M | 150.13M | 131.40M | 121.21M | 114.35M | 107.26M | 80.61M | 98.99M | 109.33M | 112.49M | 118.08M | 96.81M | 88.69M | 64.91M | 23.37M | 23.06M | 23.01M | 35.57M | 39.29M | 35.60M | 22.84M | 16.80M | 12.50M | 14.20M |
| EBITDA Ratio | 57.22% | 30.72% | 30.94% | 36.57% | 42.58% | 37.65% | 39.90% | 36.06% | 30.65% | 33.73% | 35.65% | 37.67% | 72.57% | 75.66% | 78.85% | 81.57% | 83.63% | 79.87% | 79.97% | 75.60% | 74.74% | 68.70% | 73.09% | 63.88% | 23.02% | 50.80% | 41.98% | 42.72% | 54.63% |
| Operating Income | 136.83M | 7.57M | -5.66M | 11.05M | 80.30M | 52.47M | 28.85M | 22.13M | 12.97M | 10.51M | 7.77M | 937.00K | 22.59M | 18.57M | 31.45M | 41.20M | 67.67M | 38.45M | 28.29M | 23.37M | 23.06M | 23.01M | 35.57M | 24.67M | 15.50M | 30.20M | 16.80M | 9.90M | 9.50M |
| Operating Income Ratio | 33.54% | 2.43% | -2.07% | 3.83% | 19.63% | 15.06% | 10.50% | 10.68% | 6.50% | 6.03% | 4.91% | 0.63% | 14.42% | 12.52% | 20.90% | 27.05% | 55.51% | 45.25% | 40.11% | 37.74% | 38.52% | 41.18% | 53.77% | 50.33% | 18.59% | 40.48% | 33.27% | 30.65% | 41.85% |
| Total Other Income/Expenses | -69.70M | -75.40M | -51.09M | -85.69M | 8.58M | 3.80M | 7.16M | 1.81M | -42.77M | -41.23M | 3.53M | 1.76M | 1.30M | 1.11M | 942.00K | 797.00K | -39.93M | -28.21M | -22.76M | -18.02M | -17.17M | -18.68M | -23.55M | -15.73M | -2.15M | -719.00K | -3.80M | -4.50M | -4.10M |
| Income Before Tax | 67.13M | 9.79M | 9.14M | 17.34M | 88.88M | 56.27M | 36.01M | 23.95M | 14.14M | 11.84M | 11.30M | 2.70M | 23.89M | 19.68M | 32.39M | 42.00M | 27.73M | 10.24M | 5.54M | 5.36M | 5.89M | 4.33M | 12.02M | 8.94M | 4.30M | 15.80M | 8.80M | 4.80M | 5.40M |
| Income Before Tax Ratio | 16.45% | 3.14% | 3.33% | 6.01% | 21.72% | 16.15% | 13.10% | 11.55% | 7.09% | 6.79% | 7.13% | 1.82% | 15.25% | 13.27% | 21.53% | 27.58% | 22.75% | 12.05% | 7.85% | 8.65% | 9.84% | 7.76% | 18.17% | 18.24% | 5.16% | 21.18% | 17.43% | 14.86% | 23.79% |
| Income Tax Expense | 23.35M | 4.35M | 5.79M | 7.59M | 21.96M | 13.04M | -26.15M | 9.88M | 6.79M | 4.60M | -4.33M | 1.16M | 9.38M | 7.63M | 10.02M | 15.40M | 10.07M | 2.99M | 1.36M | 1.50M | 1.72M | 738.00K | 4.37M | 3.47M | 1.00M | 6.30M | 3.50M | 2.00M | 2.20M |
| Net Income | 40.37M | 5.44M | 3.35M | 9.75M | 66.92M | 43.23M | 62.16M | 14.07M | 7.36M | 7.25M | 15.63M | 1.54M | 14.51M | 12.05M | 22.37M | 26.60M | 17.66M | 7.25M | 4.18M | 3.86M | 4.18M | 3.60M | 6.94M | 7.81M | 3.30M | 9.30M | 7.30M | 2.80M | 3.20M |
| Net Income Ratio | 9.90% | 1.74% | 1.22% | 3.38% | 16.36% | 12.41% | 22.62% | 6.79% | 3.69% | 4.16% | 9.86% | 1.04% | 9.26% | 8.13% | 14.87% | 17.47% | 14.49% | 8.54% | 5.92% | 6.23% | 6.98% | 6.44% | 10.50% | 15.94% | 3.96% | 12.47% | 14.46% | 8.67% | 14.10% |
| EPS | 6.40 | 0.90 | 0.55 | 1.63 | 10.90 | 7.31 | 9.93 | 2.10 | 0.94 | 0.92 | 1.95 | -0.45 | 1.35 | 1.03 | 2.30 | 2.85 | 1.79 | 1.63 | 0.40 | 0.37 | 0.83 | 0.43 | 0.79 | 1.04 | 0.44 | 1.27 | 1.33 | 0.75 | 1.03 |
| EPS Diluted | 6.23 | 0.86 | 0.53 | 1.59 | 10.50 | 7.15 | 9.69 | 2.05 | 0.92 | 0.89 | 1.89 | -0.45 | 1.28 | 0.96 | 2.14 | 2.68 | 1.66 | 1.56 | 0.38 | 0.36 | 0.82 | 0.43 | 0.78 | 1.03 | 0.44 | 1.24 | 1.29 | 0.74 | 1.03 |
| Weighted Avg Shares Out | 6.31M | 6.07M | 6.11M | 5.96M | 5.84M | 5.92M | 6.07M | 6.57M | 7.81M | 7.92M | 8.03M | 8.49M | 8.42M | 8.68M | 8.36M | 8.24M | 8.12M | 9.17M | 9.08M | 10.42M | 8.84M | 8.36M | 8.77M | 7.51M | 7.38M | 7.27M | 5.49M | 3.20M | 3.11M |
| Weighted Avg Shares Out (Dil) | 6.48M | 6.30M | 6.35M | 6.13M | 6.06M | 6.05M | 6.22M | 6.71M | 7.98M | 8.14M | 8.29M | 8.79M | 8.88M | 9.25M | 8.98M | 8.76M | 8.74M | 9.61M | 9.52M | 10.71M | 8.88M | 8.36M | 8.89M | 7.61M | 7.45M | 7.46M | 5.66M | 3.20M | 3.11M |
Willis Lease Finance: Upside Remains On Book Value
Willis Lease Finance Corporation specializes in engine leasing and spare parts, providing solutions that minimize downtime for airplanes. The company saw revenue growth of 34.2%, driven by a growing pool of engines placed on lease and higher utilization. Valuation approaches...
Willis Lease Finance Corporation Completes Delivery of 4th ATR 72-500 Aircraft under its ConstantThrust® Engine Maintenance Program
COCONUT CREEK, Fla., March 21, 2024 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ: WLFC) (“WLFC”) announces it has successfully delivered its fourth ATR 72-500 aircraft to Transportes Aéreos Guatemaltecos (TAG Airlines) (“TAG”) as part of its lease agreements with...
Record Results for Willis Lease Finance Corporation in 2023
COCONUT CREEK, Fla., March 13, 2024 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ: WLFC) (“WLFC”) today reported record annual total revenues of $418.6 million and pre-tax income of $67.1 million. For the year ended December 31, 2023, aggregate, core lease...
Willis Sustainable Fuels (UK) Limited Approved for Construction of Sustainable Aviation Fuel (“SAF”) Refinery at Teesworks, UK
Borough Council Approved Willis' Reserved Matters Planning Application for its Carbonshift PtL SAF Refinery Project Borough Council Approved Willis' Reserved Matters Planning Application for its Carbonshift PtL SAF Refinery Project
Willis Lease Finance Corporation Welcomes Brendan Curran to its Board of Directors
Curran brings a wealth of aerospace industry experience in corporate scaling and integration strategies across the engine and airframe segments Curran brings a wealth of aerospace industry experience in corporate scaling and integration strategies across the engine and airframe segments
Willis Sustainable Fuels (UK) Limited, Awarded £4.721M Grant in UK's Advanced Fuels Fund (AFF) Competition
Funding to Support Planned Development of New Power-to-Liquid (PtL) Sustainable Aviation Fuel (SAF) Refinery at Teesworks in Northeastern England Funding to Support Planned Development of New Power-to-Liquid (PtL) Sustainable Aviation Fuel (SAF) Refinery at Teesworks in Northeastern England
Willis Lease Finance: Attractive Business With Huge Potential
Willis Lease Finance Corporation has shown higher returns than the general market, with a 3.2% appreciation in stock. The company's exposure to aircraft engines, which have high residual value, makes it an appealing investment. The stock has significant upside based...
Willis Lease Finance Corporation Reports Third Quarter Pre-tax Income of $20.3 million
COCONUT CREEK, Fla., Nov. 03, 2023 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ: WLFC) today reported third quarter total revenues of $105.7 million and pre-tax earnings of $20.3 million. For the three months ended September 30, 2023, aggregate lease rent...
Willis Lease Finance Corporation: Significantly Undervalued Assets And Strong Industry Tailwinds
Willis Lease Finance Corporation is a good business that is likely to continue growing. The company's book value is significantly understated due to the recording of assets at cost and the acquisition of cheap assets during COVID-19. WLFC is well-positioned...
Willis Lease Announces Pricing of $410.0 Million in Fixed Rate Notes
COCONUT CREEK, Fla., Oct. 19, 2023 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ: WLFC) (“Willis”), a leading lessor of commercial jet engines, announced today that its wholly-owned subsidiary, Willis Engine Structured Trust VII (“WEST”), has priced $410.0 million in...
Source: https://incomestatements.info
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