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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 Corporation Announces Teesworks as Site for Innovative New, Power-to-Liquid (PtL) Sustainable Aviation Fuel (SAF) Project
Partners with Tees Valley Combined Authority to Launch First PtL SAF Refinery in Northeastern England Partners with Tees Valley Combined Authority to Launch First PtL SAF Refinery in Northeastern England
Willis Lease Finance: Engines To Grow The Business
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Willis Lease Finance Corporation Undertakes New, Innovative “Power-to-Liquid” (PtL) Sustainable Aviation Fuel (SAF) Project
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COCONUT CREEK, Fla., Oct. 08, 2021 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ: WLFC) (“Willis”), a leading lessor of commercial jet engines, announced today its investment into its regional aviation business with the purchase of four ATR 72-500 aircraft...
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Willis Lease Finance Corporation Reports Second Quarter Pre-tax Loss of $1.9 million
COCONUT CREEK, Fla., Aug. 03, 2021 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ: WLFC) today reported second quarter total revenues of $66.5 million and pre-tax loss of $1.9 million. For the three months ended June 30, 2021, aggregate lease...
Willis Lease Announces Pricing of $336.7 Million in Fixed Rate Notes
COCONUT CREEK, Fla., May 10, 2021 (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 VI (“WEST”), has priced $336.7 million in...
Source: https://incomestatements.info
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