Willis Lease Finance Corporation (WLFC)

Willis Lease Finance Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	289.49	257.67	189.58	152.25	161.52
Other Revenue	268.05	152.17	111.65	98.14	127.25
Revenue	557.54	409.83	301.23	250.39	288.77
Revenue Growth (YoY)	36.04%	36.05%	20.30%	-13.29%	-29.42%
Cost of Revenue	47.32	36.37	20.83	14.93	16.76
Gross Profit	510.22	373.47	280.4	235.46	272.01
Selling, General & Admin	166.05	142.15	106.95	84.73	74.44
Operating Expenses	258.51	233.07	195.21	175.24	168.98
Operating Income	251.71	140.39	85.19	60.23	103.03
Interest Expense	-104.76	-78.8	-66.74	-67.99	-63.02
Interest & Investment Income	11.68	8.72	7.58	12.94	-
Earnings From Equity Investments	8.25	2.91	-0.06	0.8	2.64
EBT Excluding Unusual Items	166.87	73.23	25.97	5.98	42.64
Gain (Loss) on Sale of Investments	-	-	3.12	10.87	-0.08
Asset Writedown	-11.23	-4.4	-21.85	-7.72	-20.54
Other Unusual Items	-3	-1.7	2.56	-	-4.69
Pretax Income	152.65	67.13	9.79	9.14	17.34
Income Tax Expense	44.03	23.35	4.35	5.79	7.59
Net Income	108.61	43.78	5.44	3.35	9.75
Preferred Dividends & Other Adjustments	4.23	3.41	3.33	3.33	3.34
Net Income to Common	104.38	40.37	2.11	0.02	6.41
Net Income Growth	148.08%	704.95%	62.26%	-65.61%	-85.43%
Shares Outstanding (Basic)	7	6	6	6	6
Shares Outstanding (Diluted)	7	6	6	6	6
Shares Change (YoY)	4.98%	2.92%	-0.77%	3.56%	1.16%
EPS (Basic)	15.97	6.40	0.35	0.00	1.07
EPS (Diluted)	15.34	6.23	0.33	0.00	1.05
EPS Growth	146.23%	1787.88%	11536.11%	-99.73%	-90.00%
Free Cash Flow	-390.55	146.02	-79.36	-79.66	-292.7
Free Cash Flow Per Share	-57.40	22.53	-12.60	-12.55	-47.77
Dividend Per Share	0.500	-	-	-	-
Gross Margin	91.51%	91.13%	93.08%	94.04%	94.19%
Operating Margin	45.15%	34.26%	28.28%	24.05%	35.68%
Profit Margin	18.72%	9.85%	0.70%	0.01%	2.22%
Free Cash Flow Margin	-70.05%	35.63%	-26.35%	-31.81%	-101.36%
EBITDA	346.92	231.32	173.45	150.73	197.57
EBITDA Margin	62.22%	56.44%	57.58%	60.20%	68.42%
D&A For EBITDA	95.21	90.93	88.26	90.5	94.54
EBIT	251.71	140.39	85.19	60.23	103.03
EBIT Margin	45.15%	34.26%	28.28%	24.05%	35.68%
Effective Tax Rate	28.85%	34.78%	44.46%	63.33%	43.77%
Revenue as Reported	569.22	418.56	311.93	274.2	288.69

Updated Mar 11, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q