Willis lease finance corp (WLFC)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Revenues [Abstract]
Lease rent revenue

190,690

175,609

-

-

-

-

-

-

-

-

-

Lease rent revenue

-

-

130,369

119,895

-

-

-

-

-

-

-

Revenue from Contract with Customer, Including Assessed Tax

108,998

87,009

80,189

57,091

-

-

-

-

-

-

-

Lease rent revenue

-

-

-

-

108,046

101,431

101,737

94,591

104,663

102,133

102,390

Maintenance reserve revenue

-

-

-

-

53,396

53,322

46,694

41,387

39,161

34,776

46,049

Spare parts and equipment sales

74,651

71,141

51,423

17,783

25,582

8,917

-

-

-

-

-

Gain on sale of leased equipment

20,044

6,944

4,929

3,482

8,320

5,882

5,675

5,499

11,110

7,990

1,043

Other Income

14,777

7,644

7,930

9,023

2,718

4,506

4,306

6,613

1,719

3,403

958

Total revenue

409,160

348,347

274,840

207,274

198,062

174,058

158,412

148,090

156,653

148,302

150,440

Operating Expenses [Abstract]
Depreciation, Depletion and Amortization, Nonproduction

86,236

76,814

66,023

66,280

69,424

65,314

58,727

52,591

51,250

-

-

Cost of spare parts and equipment sales

62,647

61,025

40,848

13,293

-

-

-

-

-

-

-

Cost of spare parts and equipment sales

-

-

-

-

17,849

7,474

-

-

-

-

-

Depreciation expense

-

-

-

-

-

-

-

-

-

48,704

44,091

Production Related Impairments or Charges

18,220

10,651

24,930

9,514

9,181

5,602

6,461

5,874

3,341

2,874

6,133

General and Administrative Expense

86,523

72,021

55,737

47,780

42,744

35,859

33,868

34,551

35,701

29,302

26,765

Equipment Expense

8,122

11,142

9,729

6,993

9,403

12,336

12,863

7,006

8,394

8,118

7,149

Net finance costs:
Net finance costs:
Interest expense

66,889

64,220

48,720

41,144

39,012

37,062

38,719

31,749

35,201

40,945

36,013

Loss on debt extinguishment

-220

0

-

-137

1,151

-

-

-

-

-

876

Interest income

-

-

-

-

-

-

-

80

167

212

280

Loss on debt extinguishment and derivatives termination

-

-

-

-

-

-

-

-15,462

-343

-

-

Finance Costs Net

67,109

64,220

48,720

41,281

37,861

37,062

38,719

47,131

35,377

40,733

34,857

Total expenses

328,857

295,873

245,987

185,141

186,462

163,647

150,638

147,153

134,063

129,731

118,995

Operating Income (Loss)

80,303

52,474

28,853

22,133

11,600

10,411

7,774

937

22,590

18,571

31,445

Earnings from joint ventures

8,578

3,800

7,158

1,813

1,175

1,329

3,526

1,759

1,295

1,109

942

Income before income taxes

88,881

56,274

36,011

23,946

12,775

11,740

11,300

2,696

23,885

19,680

32,387

Income tax expense

21,959

13,043

-26,147

9,877

6,315

4,560

-4,326

1,161

9,377

7,630

10,020

Net income

66,922

43,231

62,158

14,069

6,460

7,180

15,626

1,535

14,508

12,050

22,367

Preferred stock dividends

3,250

3,250

1,813

281

-

-

-

-

-

-

-

Accretion of preferred stock issuance costs

84

83

46

8

-

-

-

-

-

-

-

Preferred stock dividends

-

-

-

-

-

-

-

2,493

3,128

3,128

3,128

Preferred stock redemption costs

-

-

-

-

-

-

-

-2,835

-

-

-

Net Income (Loss) Available to Common Stockholders, Basic

63,588

39,898

60,299

13,780

6,460

7,180

-

-3,793

11,380

8,922

19,239

Basic weighted average earnings per common share (in dollars per share)

10.90

6.75

9.93

2.10

0.83

0.91

1.95

-0.45

1.35

1.03

2.30

Diluted weighted average earnings per common share (in dollars per share)

10.50

6.60

9.69

2.05

0.81

0.88

1.89

-0.43

1.28

0.96

2.14

Basic weighted average common shares outstanding (in shares)

5,836

5,915

6,074

6,570

7,817

7,917

8,029

8,490

8,423

8,681

8,364

Weighted Average Number of Shares Outstanding, Diluted

6,058

6,046

6,220

6,714

7,987

8,141

8,289

8,791

8,876

9,251

8,983