Willis lease finance corp (WLFC)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
ASSETS
Cash and cash equivalents

81

6

8

11

12

11

8

8

12

7

7

11

11

10

10

21

12

9

9

16

15

13

10

12

15

12

4

4

1

5

17

4

5

6

6

8

2

Restricted cash

235

56

71

76

68

70

155

37

44

40

64

43

29

22

28

38

29

33

26

50

45

51

47

44

53

50

38

35

32

24

54

84

86

76

80

106

77

Property Subject to or Available for Operating Lease, Net

1,697

1,650

1,624

1,603

1,605

1,673

1,590

1,542

1,466

1,342

1,199

1,160

1,094

1,136

1,118

1,081

1,101

1,109

1,097

1,063

1,050

1,066

1,006

1,016

1,022

1,033

1,015

1,015

1,019

961

976

970

974

981

960

1,013

998

Maintenance rights

3

3

3

9

14

14

14

14

14

14

16

17

17

17

16

16

-

12

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equipment held for sale

0

0

0

4

0

0

40

18

23

34

32

27

58

30

13

29

25

23

21

29

17

18

20

27

30

32

31

22

23

23

8

7

8

20

4

6

7

Receivables, net of allowances of $1,898 and $1,730 at March 31, 2020 and December 31, 2019, respectively

31

24

33

46

24

23

24

20

24

18

16

12

11

16

12

14

15

13

22

13

14

8

11

9

13

13

5

8

9

12

8

8

7

8

6

7

8

Spare parts inventory

-

-

-

-

-

-

-

-

-

-

18

22

24

-

-

-

-

-

16

19

18

-

12

13

3

-

-

-

-

-

-

-

-

-

-

-

-

Spare parts inventory

41

41

42

45

47

48

24

27

24

16

-

-

-

25

19

19

19

20

-

-

-

18

-

-

-

3

-

-

-

-

-

-

-

-

-

-

-

Investments

57

57

53

52

54

47

44

50

51

50

49

45

44

45

43

44

43

41

41

42

42

41

26

24

23

23

18

31

28

21

19

18

17

15

15

17

9

Property, equipment & furnishings, less accumulated depreciation of $9,373 and $8,666 at March 31, 2020 and December 31, 2019, respectively

32

31

30

28

27

27

26

25

25

26

16

16

16

16

16

16

17

20

20

20

21

17

18

4

4

4

4

5

5

5

6

6

7

6

7

7

6

Intangible assets, net

1

1

1

1

1

1

1

1

1

1

1

1

2

2

-

-

0

0

0

1

1

1

1

1

1

1

-

-

-

-

-

-

-

-

-

-

-

Notes receivable

115

38

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Notes receivable

-

-

41

30

30

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

0

Other intangible assets, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equipment purchase deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6

-

-

1

1

1

1

1

1

1

1

1

1

1

3

3

2

Other assets

28

28

17

20

18

14

33

35

35

50

12

26

12

14

11

9

11

9

27

24

25

24

31

22

21

22

20

20

26

21

18

14

18

15

11

19

12

Assets

2,326

1,940

1,930

1,930

1,905

1,934

1,965

1,783

1,724

1,603

1,435

1,386

1,322

1,337

1,291

1,292

1,277

1,294

1,285

1,282

1,259

1,261

1,187

1,179

1,192

1,199

1,139

1,145

1,148

1,078

1,110

1,116

1,126

1,133

1,095

1,190

1,125

LIABILITIES, REDEEMABLE PREFERRED STOCK AND SHAREHOLDERS’ EQUITY
Liabilities:
Accounts payable and accrued expenses

37

45

40

32

32

42

40

28

36

22

20

24

22

17

15

19

23

21

18

19

12

21

20

19

18

16

12

18

14

15

12

15

16

16

16

17

18

Deferred income taxes

113

110

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

90

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

108

101

96

-

87

83

81

78

-

-

-

104

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

116

114

110

-

102

101

99

96

93

91

91

90

91

89

88

86

82

83

91

90

88

88

86

84

84

81

75

Long-term Debt

1,626

1,251

1,258

1,285

1,297

1,337

1,392

1,232

1,179

1,085

932

921

872

900

885

876

850

866

852

860

842

840

761

753

767

787

744

744

757

696

690

685

-

718

-

-

-

Notes payable, net of discount of $1,961 and $2,085 at March 31, 2012 and December 31, 2011, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

704

-

684

713

731

Other debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

69

-

Maintenance reserves

112

106

99

113

93

94

88

88

85

75

69

68

66

71

61

69

65

71

69

67

69

66

73

75

79

77

76

70

66

63

63

61

57

54

53

54

50

Security deposits

24

20

22

21

22

28

28

27

26

25

24

23

21

21

24

24

25

25

25

19

20

20

19

18

16

15

12

10

9

6

7

6

6

6

5

5

5

Unearned revenue

10

6

5

5

5

5

7

8

9

8

6

5

5

5

5

4

4

5

5

5

3

4

3

3

4

3

3

4

5

4

4

3

4

3

4

2

3

Total liabilities

1,923

1,540

1,535

1,560

1,548

1,598

1,644

1,468

1,418

1,295

1,170

1,157

1,097

1,121

1,094

1,096

1,067

1,085

1,065

1,064

1,040

1,044

969

960

975

986

932

932

946

879

868

873

888

896

863

959

898

Derivatives

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

0

0

1

1

2

11

12

12

14

13

14

Redeemable preferred stock ($0.01 par value, 2,500 shares authorized; 2,500 shares issued at March 31, 2020 and December 31, 2019, respectively)

49

49

49

49

49

49

49

49

49

49

49

19

19

19

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Shareholders’ equity:
Preferred stock ($0.01 par value, 5,000,000 shares authorized; 0 shares issued and outstanding at December 31, 2014 and 2013)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

31

31

31

31

31

31

31

Common stock ($0.01 par value, 20,000 shares authorized; 6,344 and 6,356 shares issued at March 31, 2020 and December 31, 2019, respectively)

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Paid-in capital in excess of par

6

4

2

0

0

0

-

1

-

2

1

0

2

2

5

7

24

28

40

41

42

42

42

44

45

44

44

49

48

47

58

57

56

56

56

56

60

Retained earnings

352

348

344

321

306

286

269

262

255

256

214

209

203

194

192

188

185

180

179

176

177

174

174

174

171

167

161

164

154

151

153

161

159

156

153

152

145

Accumulated other comprehensive loss, net of income tax benefit of $1,679 and $896 at March 31, 2020 and December 31, 2019, respectively

-6

-3

-1

-1

-0

0

0

1

1

0

-0

-0

-0

-1

-1

-0

-0

-0

-0

-

-

-

0

0

0

0

-0

-0

-0

-0

-1

-8

-8

-8

-10

-9

-10

Total shareholders’ equity

353

350

345

320

307

286

270

265

256

258

215

209

205

196

196

196

210

209

219

217

219

216

217

218

217

212

206

212

201

199

242

243

238

236

232

231

226

Total liabilities, redeemable preferred stock and shareholders' equity

2,326

1,940

1,930

1,930

1,905

1,934

1,965

1,783

1,724

1,603

1,435

1,386

1,322

1,337

1,291

1,292

1,277

1,294

1,285

1,282

1,259

1,261

1,187

1,179

1,192

1,199

1,139

1,145

1,148

1,078

1,110

1,116

1,126

1,133

1,095

1,190

1,125