Willis Lease Finance Corporation (WLFC)

Willis Lease Finance Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	5.79	7.07	12.15	14.33	42.54	6.72
Trading Asset Securities	8.5	16.5	34.8	8	-	-
Cash & Short-Term Investments	14.29	23.57	46.95	22.33	42.54	6.72
Cash Growth	-53.10%	-49.79%	110.25%	-47.51%	533.04%	-42.51%
Accounts Receivable	60.27	67.24	53.39	39.62	28.27	24.06
Receivables	235.63	159.87	134.83	155.08	186.98	62.2
Inventory	74.09	40.95	38.58	50.96	59.43	41.76
Restricted Cash	99.33	160.96	76.87	81.31	36.39	56.95
Other Current Assets	4.29	6.61	10.28	15.45	13.35	10.72
Total Current Assets	427.63	391.95	307.5	325.13	338.69	178.35
Property, Plant & Equipment	36.12	45.81	46.73	37.39	35.54	35.6
Long-Term Investments	61.89	58.04	56.19	55.93	53.28	57.94
Other Intangible Assets	35.68	10.22	18.84	23.7	21.34	4.45
Other Long-Term Assets	2,482	2,146	2,146	2,021	1,916	1,664
Total Assets	3,044	2,652	2,575	2,463	2,365	1,941
Accounts Payable	110.28	45	32.68	20.95	23.1	41.81
Accrued Expenses	108.09	92.5	59.45	65.98	82.48	106.87
Current Portion of Long-Term Debt	20.39	73.21	-	0.7	-	-
Current Portion of Leases	3.24	3.34	-	-	-	-
Total Current Liabilities	242	214.04	92.13	87.63	105.59	148.68
Long-Term Debt	1,973	1,730	1,847	1,790	1,694	1,251
Long-Term Leases	3.34	4.6	10.37	5.21	3.87	3.84
Long-Term Unearned Revenue	39.29	43.53	17.86	10.46	11.64	6.12
Long-Term Deferred Tax Liabilities	178.18	147.78	132.52	124.33	116.84	110.42
Other Long-Term Liabilities	27.2	23.79	20.49	19.35	19.52	20.57
Total Liabilities	2,463	2,163	2,121	2,037	1,951	1,541
Common Stock	0.07	0.07	0.07	0.07	0.07	0.06
Additional Paid-In Capital	41.04	29.67	20.39	15.4	13.7	4.56
Retained Earnings	473.61	397.78	357.49	355.39	355.37	348.97
Comprehensive Income & Other	3.05	11.45	26.74	5.03	-5.12	-3.25
Total Common Equity	517.76	438.96	404.69	375.89	364.02	350.34
Shareholders' Equity	580.81	488.93	454.58	425.69	413.74	399.98
Total Liabilities & Equity	3,044	2,652	2,575	2,463	2,365	1,941
Total Debt	2,000	1,811	1,858	1,796	1,698	1,255
Net Cash (Debt)	-1,985	-1,787	-1,811	-1,774	-1,655	-1,248
Net Cash Per Share	-296.37	-275.77	-287.55	-279.52	-270.09	-206.03
Filing Date Shares Outstanding	6.6	6.39	6.12	5.94	6	5.86
Total Common Shares Outstanding	7.17	6.85	6.62	6.53	6.57	6.36
Working Capital	185.63	177.91	215.37	237.5	233.1	29.67
Book Value Per Share	72.21	64.09	61.18	57.55	55.41	55.12
Tangible Book Value	482.08	428.74	385.85	352.19	342.67	345.89
Tangible Book Value Per Share	67.24	62.60	58.33	53.93	52.16	54.42

Source: S&P Capital IQ. Standard template. Financial Sources.