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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 | 236.85M | 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 | 58.06% | 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 | 43.78M | 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 | 10.73% | 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 Reports First Quarter Pre-tax Loss of $1.7 million
COCONUT CREEK, Fla., May 04, 2021 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ: WLFC) today reported first quarter total revenues of $61.1 million and pre-tax loss of $1.7 million. The Company reported lower revenue in the first quarter when...
Willis Lease Announces Offering of $336.7 Million in Fixed Rate Notes
COCONUT CREEK, Fla., April 30, 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”), proposes to offer $336.7 million...
Willis Lease Finance Corporation Reports Annual Pre-tax Profit of $17.3 million
COCONUT CREEK, Fla., March 15, 2021 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ: WLFC) today reported annual total revenues of $288.7 million and pre-tax profit of $17.3 million for the year ended December 31, 2020. The Company reported lower revenue...
Willis Lease Purchases 25 GTF™ Engines from Pratt & Whitney
COCONUT CREEK, Fla., Feb. 01, 2021 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ: WLFC) ("Willis Lease") announced that it purchased twenty-five PW1100G-JM and PW1500G GTF™ aircraft engines from Pratt & Whitney, a division of Raytheon Technologies Corp. (NYSE: RTX),...
Where Do Hedge Funds Stand On Willis Lease Finance Corporation (WLFC)?
Hedge Funds and other institutional investors have just completed filing their 13Fs with the Securities and Exchange Commission, revealing their equity portfolios as of the end of September. At Insider Monkey, we follow nearly 817 active hedge funds and notable...
Willis Lease Finance Corporation Reports Third Quarter Pre-tax Profit of $6.0 million
COCONUT CREEK, Fla., Nov. 02, 2020 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ: WLFC) today reported third quarter total revenues of $70.6 million and pre-tax profit of $6.0 million. The Company reported lower revenue in the third quarter of...
Source: https://incomestatements.info
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