Willis Lease Finance Corporation (WLFC)

Willis Lease Finance Income Statement

Financials in millions USD. Fiscal year is January - December.

Year	2023	2022	2021	2020	2019
Revenue	418.56	311.93	274.2	288.69	409.16
Revenue Growth (YoY)	34.18%	13.76%	-5.02%	-29.44%	17.46%
Cost of Revenue	15.21	20.83	14.93	16.76	62.65
Gross Profit	403.35	291.09	259.28	271.93	346.51
Selling, General & Admin	144.79	92.53	75.35	67.91	86.52
Other Operating Expenses	115.54	124.52	107.6	121.61	112.58
Operating Expenses	260.33	217.05	182.95	189.52	199.1
Operating Income	143.02	74.04	76.33	82.41	147.41
Interest Expense / Income	78.8	66.74	67.99	63.02	66.89
Other Expense / Income	-2.91	-2.5	-0.8	2.05	-8.36
Pretax Income	67.13	9.79	9.14	17.34	88.88
Income Tax	23.35	4.35	5.79	7.59	21.96
Net Income	43.78	5.44	3.35	9.75	66.92
Preferred Dividends	3.41	3.33	3.33	3.34	3.33
Net Income Common	40.37	2.11	0.02	6.41	63.59
Net Income Growth	1817.91%	11594.44%	-99.72%	-89.93%	59.38%
Shares Outstanding (Basic)	6	6	6	6	6
Shares Outstanding (Diluted)	6	6	6	6	6
Shares Change	2.92%	-0.77%	3.56%	1.16%	0.20%
EPS (Basic)	6.40	0.35	-	1.07	10.90
EPS (Diluted)	6.23	0.33	-	1.05	10.50
EPS Growth	1787.88%	-	-	-90.00%	59.09%
Free Cash Flow	146.02	-79.36	-79.66	-292.7	126.49
Free Cash Flow Per Share	23.16	-13.07	-13.03	-49.09	21.67
Gross Margin	96.37%	93.32%	94.56%	94.19%	84.69%
Operating Margin	34.17%	23.74%	27.84%	28.54%	36.03%
Profit Margin	9.65%	0.67%	0.01%	2.22%	15.54%
Free Cash Flow Margin	34.89%	-25.44%	-29.05%	-101.39%	30.91%
Effective Tax Rate	34.78%	44.46%	63.33%	43.77%	24.71%
EBITDA	236.85	164.8	167.63	174.9	242.01
EBITDA Margin	56.59%	52.83%	61.13%	60.58%	59.15%
Depreciation & Amortization	90.93	88.26	90.5	94.54	86.24
EBIT	145.93	76.54	77.13	80.36	155.77
EBIT Margin	34.86%	24.54%	28.13%	27.84%	38.07%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).