← WILLIS LEASE FINANCE CORP
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $14.1m |
$62.2m
+341.81%
|
$43.2m
-30.45%
|
$66.9m
+54.80%
|
$9.7m
-85.43%
|
$3.4m
-65.61%
|
$5.4m
+62.26%
|
$43.8m
+704.95%
|
$108.6m
+148.08%
|
$113.8m
+4.74%
|
— | |
| Net Income (Loss) Available to Common Stockholders, Basic | $13.8m |
$60.3m
+337.58%
|
$39.9m
-33.83%
|
$63.6m
+59.38%
|
$6.4m
-89.93%
|
$18k
-99.72%
|
$2.1m
+11594.44%
|
$40.4m
+1817.91%
|
$104.4m
+158.54%
|
$108.1m
+3.53%
|
— | |
| Depreciation, Depletion and Amortization | $66.3m | $66.0m | $76.8m | $86.2m | $94.5m | $90.5m | $88.3m | $90.9m | $92.5m | $111.6m | $118.2m | |
| Amortization of Deferred Charges | $4.3m | $5.2m | $6.4m | $6.4m | $5.1m | $5.0m | $5.3m | $6.2m | — | — | — | |
| Amortization of Debt Issuance Costs and Discounts | — | — | — | — | — | — | — | $4.8m | $7.6m | $7.8m | — | |
| Amortization of Intangible Assets | — | — | — | — | — | — | — | — | $2.7m | $1.5m | — | |
| Amortization Cash Flow | — | — | — | — | — | — | — | $0 | $2.7m | $1.5m | — | |
| Amortization Of Intangibles | — | — | — | — | — | — | — | $0 | $2.7m | $1.5m | $0 | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $88.3m | $90.9m | $95.2m | $113.0m | $118.2m | |
| Deferred Income Tax Expense (Benefit) | $9.1m | ($26.4m) | $12.1m | $21.1m | $7.0m | $4.2m | $2.1m | $19.7m | $38.6m | $45.9m | $43.5m | |
| Deferred Tax | — | — | — | — | — | — | $2.1m | $19.7m | $38.6m | $45.9m | $43.5m | |
| Share-based Payment Arrangement, Noncash Expense | $3.7m | $4.3m | $5.4m | $7.8m | $11.4m | $16.6m | $13.6m | $14.8m | $29.2m | $44.6m | $47.4m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $1.4m | $1.1m | $1.3m | $1.5m | $1.2m | $5.0m | $3.7m | $5.8m | $8.2m | $19.3m | — | |
| Share-based Payment Arrangement, Expense | $3.7m | $4.3m | $5.4m | $7.8m | $11.4m | $16.6m | $13.6m | $14.8m | $29.2m | $44.6m | $47.4m | |
| Gain (Loss) on Sale of Assets and Asset Impairment Charges | — | — | — | — | — | $7.7m | $21.8m | $4.4m | $11.2m | $32.9m | — | |
| Operating Lease, Impairment Loss | — | — | — | — | — | — | $0 | $2.0m | $6.3m | $8.9m | — | |
| Income (Loss) from Equity Method Investments | $1.8m | $7.2m | $3.8m | $8.6m | $2.6m | $800k | ($62k) | $2.9m | $8.2m | $13.4m | — | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | — | $62k | ($2.9m) | ($8.2m) | ($13.4m) | ($16.2m) | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | $15.3m | $59.1m | $11.8m | $17.4m | ($972k) | |
| Increase (Decrease) in Accounts Receivable | $2.3m | $2.5m | $5.9m | $517k | $4.2m | $11.2m | $3.2m | $17.4m | ($21.1m) | ($1.5m) | ($3.4m) | |
| Change In Receivables | — | — | — | — | — | — | ($3.2m) | ($17.4m) | $21.1m | $1.5m | ($3.4m) | |
| Increase (Decrease) in Inventories | $5.1m | $1.9m | ($12.1m) | ($29.1m) | ($7.0m) | ($7.9m) | ($14.3m) | $1.7m | $31.2m | ($13.3m) | $15.4m | |
| Change In Inventory | — | — | — | — | — | — | $14.3m | ($1.7m) | ($31.2m) | $13.3m | $15.4m | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $942k | $17.2m | $20.7m | $8.5m | ($1.5m) | |
| Change In Other Current Assets | — | — | — | — | — | — | ($5.6m) | $3.2m | $676k | ($27.6m) | ($27.0m) | |
| Change In Other Current Liabilities | — | — | — | — | — | — | $2.4m | $3.3m | ($366k) | $602k | $1.1m | |
| Net Cash Provided by (Used in) Operating Activities | $100.9m |
$135.3m
+34.03%
|
$188.7m
+39.50%
|
$230.3m
+22.06%
|
$93.4m
-59.43%
|
$90.7m
-2.98%
|
$144.4m
+59.31%
|
$229.7m
+59.07%
|
$284.4m
+23.80%
|
$283.2m
-0.41%
|
$272.2m
-3.88%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $1.0m | $10.8m | $3.5m | $6.3m | $3.0m | $2.2m | $6.6m | $5.1m | $15.6m | $31.1m | ($791.8m) | |
| Equipment Expense | $7.0m | $9.7m | $11.1m | $8.1m | $6.5m | $9.4m | $14.4m | $20.2m | $22.3m | $31.4m | — | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | — | — | $41k | ($42k) | $9k | ($44k) | $71k | ($9k) | $0 | ($3.1m) | ($71.0m) | |
| Net Other Investing Changes | — | — | — | — | — | — | $29.4m | ($9.1m) | ($90.0m) | $16.9m | $59.6m | |
| Net Cash Provided by (Used in) Investing Activities | — | ($323.7m) | ($380.5m) | ($147.4m) | ($506.7m) | ($148.0m) | ($194.4m) | ($92.8m) | ($764.9m) | ($256.4m) | ($332.4m) | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | $114.0m | $496.2m | $504.8m | $428.1m | $530.8m | $417.0m | $228.8m | $665.5m | $840.0m | $1.2b | ($2.1b) | |
| Gain (Loss) on Extinguishment of Debt | ($137k) | — | — | ($220k) | ($4.7m) | $0 | $2.6m | $0 | — | ($3.1m) | — | |
| Proceeds from Issuance of Long-term Debt | $149.0m | $686.2m | $759.4m | $340.1m | $973.2m | $513.7m | $284.0m | $625.7m | $1.3b | $1.7b | $1.6b | |
| Issuance Of Debt | — | — | — | — | — | — | $284.0m | $625.7m | $1.3b | $1.7b | $1.6b | |
| Long Term Debt Issuance | — | — | — | — | — | — | $284.0m | $625.7m | $1.3b | $1.7b | $1.6b | |
| Long Term Debt Payments | — | — | — | — | — | — | ($228.8m) | ($665.5m) | ($840.0m) | ($1.2b) | ($2.1b) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $55.2m | ($39.8m) | $465.7m | $439.4m | ($486.7m) | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $55.2m | ($39.8m) | $465.7m | $439.4m | ($486.7m) | |
| Repayment Of Debt | — | — | — | — | — | — | ($228.8m) | ($665.5m) | ($840.0m) | ($1.2b) | ($2.1b) | |
| Payments for Repurchase of Common Stock | $29.0m | $3.5m | $16.1m | $3.6m | $1.5m | $10.1m | $5.2m | $0 | $11.6m | $3.8m | — | |
| Payments of Ordinary Dividends, Common Stock | — | — | — | — | — | — | — | — | $10.7m | $8.7m | ($16.6m) | |
| Common Stock Dividend Paid | — | — | — | — | — | — | — | $0 | ($10.7m) | ($8.7m) | ($11.1m) | |
| Common Stock Payments | — | — | — | — | — | — | ($8.9m) | ($5.8m) | ($8.2m) | ($23.1m) | ($32.3m) | |
| Issuance Of Capital Stock | — | — | — | — | — | — | — | $0 | $13.1m | $0 | $0 | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($8.9m) | ($5.8m) | ($8.2m) | ($23.1m) | ($32.3m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($8.9m) | ($5.8m) | ($8.2m) | ($23.1m) | ($32.3m) | |
| Cash Dividends Paid | — | — | — | — | — | — | ($3.3m) | ($3.2m) | ($14.2m) | ($14.4m) | ($16.6m) | |
| Dividend Received CFO | — | — | — | — | — | $0 | — | $0 | $3.0m | $3.8m | $3.8m | |
| Preferred Stock Dividend Paid | — | — | — | — | — | — | ($3.3m) | ($3.2m) | ($3.5m) | ($5.7m) | ($5.4m) | |
| Net Other Financing Charges | — | — | — | — | — | ($4.6m) | — | ($9.4m) | ($11.6m) | ($14.6m) | ($15.0m) | |
| Net Cash Provided by (Used in) Financing Activities | — | $203.4m |
$226.4m
+11.31%
|
($101.2m)
-144.68%
|
$428.5m
+523.60%
|
$74.1m
-82.72%
|
$43.3m
-41.49%
|
($57.9m)
-233.74%
|
$445.0m
+867.94%
|
$387.6m
-12.89%
|
($550.2m)
-241.94%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | $34.6m | ($18.3m) | $15.3m | $16.7m | ($6.6m) | $79.0m | ($35.5m) | $414.4m | $172.2m | |
| Beginning Cash Position | — | — | — | — | — | — | $95.6m | $89.0m | $168.0m | $132.5m | $782.5m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $81.9m | $63.7m | $78.9m | $95.6m | $89.0m | $168.0m | $132.5m | $546.9m | $172.2m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $37.3m | $42.8m | $59.1m | $63.6m | $54.3m | $50.3m | $63.5m | $76.9m | $100.7m | $131.8m | — | |
| Income Taxes Paid, Net | $459k | $440k | $1.1m | $222k | $510k | $1.4m | $2.2m | $505k | $7.1m | $3.4m | — | |
| Additional Financial Items | ||||||||||||
| Foreign Currency Transaction Gain (Loss), before Tax | $868k | ($896k) | ($770k) | ($222k) | $1.0m | $398k | ($1.4m) | ($523k) | ($414k) | $863k | — | |
| Gain (Loss) on Disposition of Business | — | — | — | — | — | — | — | — | — | $43.0m | — | |
| Gain (Loss) on Sale of Financing Receivable | — | — | — | — | ($79k) | $10.9m | $3.1m | $0 | — | $378k | — | |
| Gain (Loss) Related to Litigation Settlement | — | $1.3m | — | — | — | — | — | — | — | — | — | |
| Gain (Loss) on Disposition of Assets for Financial Service Operations | — | — | — | — | — | — | — | — | — | $378k | — | |
| General and Administrative Expense | $47.8m | $55.7m | $72.0m | $86.5m | $67.9m | $75.3m | $92.5m | $144.8m | $146.8m | $194.7m | — | |
| Goodwill | — | — | — | — | — | — | — | — | $1.0m | $300k | $25.4m | |
| Income Tax Expense (Benefit) | $9.9m | ($26.1m) | $13.0m | $22.0m | $7.6m | $5.8m | $4.4m | $23.3m | $44.0m | $46.8m | — | |
| Operating Lease, Lease Income | — | — | — | $190.7m | $142.9m | — | — | — | — | — | — | |
| Provision for Loan, Lease, and Other Losses | ($571k) | $162k | $1.5m | ($272k) | $5k | ($164k) | $837k | $838k | ($716k) | ($544k) | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | $87.0m | $109.0m | — | — | — | — | — | — | — | |
| Unrealized Gain (Loss) on Derivatives | $69k | $896k | $533k | — | — | — | — | — | — | — | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | $43.3m | ($57.9m) | $445.0m | $387.6m | ($550.2m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($194.4m) | ($92.8m) | ($764.9m) | ($256.4m) | ($332.4m) | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($6.6m) | $79.0m | ($35.5m) | $414.4m | — | |
| Change In Other Working Capital | — | — | — | — | — | — | $6.5m | $54.5m | $904k | $21.1m | $14.4m | |
| Change In Prepaid Assets | — | — | — | — | — | $3.8m | $2.4m | — | — | — | — | |
| Changes In Cash | — | — | — | — | — | — | ($6.6m) | $79.0m | ($35.5m) | $414.4m | ($610.3m) | |
| End Cash Position | — | — | — | — | — | — | $89.0m | $168.0m | $132.5m | $546.9m | $172.2m | |
| Financing Cash Flow | — | — | — | — | — | — | $43.3m |
($57.9m)
-233.74%
|
$445.0m
+867.94%
|
$387.6m
-12.89%
|
($550.2m)
-241.94%
|
|
| Free Cash Flow | — | — | — | — | — | — | ($148.6m) | $61.0m | ($561.7m) | ($272.4m) | ($519.6m) | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | ($3.1m) | ($247k) | — | $2.6m | $1.7m | |
| Gain Loss On Sale Of Business | — | — | — | — | — | — | — | — | $0 | ($43.0m) | $0 | |
| Gain Loss On Sale Of PPE | — | — | — | — | — | — | ($3.2m) | ($10.6m) | ($45.1m) | ($54.0m) | ($72.0m) | |
| Investing Cash Flow | — | — | — | — | — | — | ($194.4m) | ($92.8m) | ($764.9m) | ($256.4m) | ($332.4m) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | — | — | $0 | $12.7m | ($46.2m) | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($223.8m) | ($83.7m) | ($675.0m) | ($286.0m) | ($361.3m) | |
| Net Preferred Stock Issuance | — | — | — | — | — | — | — | $0 | $13.1m | $0 | $0 | |
| Operating Gains Losses | — | — | — | — | — | — | ($8.8m) | ($13.7m) | ($53.3m) | ($104.6m) | ($71.0m) | |
| Other Non Cash Items | — | — | — | — | — | — | $5.9m | $10.0m | $40.7m | $17.0m | — | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | $335k | $274k | $262k | $250k | $340k | |
| Provisionand Write Offof Assets | — | — | — | — | — | — | $837k | $838k | ($716k) | ($544k) | ($355k) | |
| Purchase Of Business | — | — | — | — | — | — | — | — | $0 | ($9.2m) | ($47.1m) | |
| Purchase Of PPE | $1.0m | $10.8m | $3.5m | $6.3m | $3.0m | $2.2m | ($293.0m) | ($168.8m) | ($846.1m) | ($555.7m) | ($791.8m) | |
| Sale Of Business | — | — | — | — | — | — | — | — | $0 | $21.9m | $883k | |
| Sale Of PPE | — | — | — | — | — | — | $69.2m | $85.1m | $171.2m | $269.7m | $430.5m | |
| Stock Based Compensation | — | — | — | — | — | — | $13.6m | $14.8m | $29.2m | $44.6m | $47.4m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.