Willis Lease Finance Corporation

Willis Lease Finance Corporation along with its subsidiaries is a lessor of commercial aircraft engines. The Company operates through two business segments, such as Leasing and Related Operations, and Spare Parts Sales. The Leasing and Related Operations segment involves acquiring and leasing, primarily pursuant to operating leases, commercial aircraft, aircraft engines and other aircraft equipment, and the selective purchase and resale of commercial aircraft engines and other aircraft equipment. The Spare Parts Sales segment involves the purchase and resale of after-market engine and airframe parts, whole engines, engine modules and portable aircraft components, and leasing of engines destined for disassembly and sale of parts. Its lease portfolio consists of approximately 200 engines and related equipment, 10 aircrafts and five spare engine parts packages. The Company's business activities also include equipment leasing and spare parts sales.
Type
Public
HQ
Novato, US
Founded
1985
Size (employees)
104 (est)
Willis Lease Finance Corporation was founded in 1985 and is headquartered in Novato, US

Willis Lease Finance Corporation Office Locations

Willis Lease Finance Corporation has an office in Novato
Novato, US (HQ)
2215 773 San Marin Dr

Willis Lease Finance Corporation Data and Metrics

Willis Lease Finance Corporation Financial Metrics

Willis Lease Finance Corporation's revenue was reported to be $77.9 m in Q1, 2017
USD

Revenue (Q1, 2017)

77.9 m

Net income (Q1, 2017)

8.2 m

Market capitalization (17-Aug-2017)

145.8 m

Cash (31-Mar-2017)

11.9 m
Willis Lease Finance Corporation's current market capitalization is $145.8 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

158.4 m174.3 m199.6 m55.5 m

Revenue growth, %

10%15%(72%)

Net Income

15.6 m7.2 m7.4 m14.1 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

43.2 m57.8 m50.6 m49.6 m51.5 m77.9 m

General and administrative expense

9.1 m11.7 m11.8 m10.7 m12.3 m13.2 m

Operating expense total

9.1 m11.7 m11.8 m10.7 m12.3 m13.2 m

Interest expense

9.9 m9.8 m10 m10.4 m10.2 m

Pre tax profit

(894 k)4.7 m6.7 m5.8 m6.5 m14.4 m

Income tax expense

402 k(2.1 m)2.9 m2.4 m2.5 m6.2 m

Net Income

6.5 m7.5 m2.3 m1.8 m4.4 m3.8 m7.4 m11.4 m8.2 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

12.8 m13.5 m9.7 m10.1 m

Inventories

3.3 m

Total Assets

1.2 b1.3 b1.3 b1.3 b

Accounts Payable

16.3 m21.6 m21.7 m17.8 m

Total Debt

1.6 b1.7 b1.8 b1.8 b

Total Liabilities

1.1 b

Common Stock

84 k83 k75 k64 k

Retained Earnings

167.5 m174.7 m182.1 m194.7 m

Total Equity

212.6 m216.9 m210.3 m196.3 m

Debt to Equity Ratio

7.4 x7.8 x8.4 x9.2 x

Debt to Assets Ratio

1.3 x1.3 x1.3 x1.3 x

Financial Leverage

5.6 x5.8 x6.2 x6.8 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

12.4 m10.8 m15.6 m16.2 m9.2 m12.7 m21.1 m10.7 m11.9 m

Inventories

14 m

Total Assets

1.2 b1.2 b1.3 b1.3 b1.3 b1.3 b1.3 b1.3 b1.3 b

Accounts Payable

19.6 m20.9 m12.6 m19.7 m18.9 m23.1 m19.2 m15.7 m22.2 m

Common Stock

84 k82 k83 k82 k83 k74 k67 k66 k65 k

Retained Earnings

174 m175 m177 m176.5 m179.1 m185.8 m188.3 m192.3 m203.8 m

Total Equity

218.8 m217.4 m219.2 m217.9 m219.8 m210 m196.2 m196.5 m205.5 m

Financial Leverage

5.4 x5.5 x5.7 x5.9 x5.8 x6.1 x6.6 x6.6 x6.4 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

15.6 m7.2 m7.4 m14.1 m

Depreciation and Amortization

58.7 m65.4 m69.6 m66.3 m

Accounts Payable

(23 k)(1.9 m)1.7 m2.3 m

Cash From Operating Activities

80.3 m62.7 m109.1 m100.9 m

Cash From Investing Activities

(131.9 m)(108.7 m)(158 m)(123.4 m)

Short-term Borrowings

(70.9 m)(101.1 m)(153.8 m)(114 m)

Cash From Financing Activities

59 m46.6 m45.1 m22.8 m

Interest Paid

33.9 m33.1 m35.6 m37.3 m

Income Taxes Paid

111 k210 k353 k459 k
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

6.5 m7.5 m2.3 m1.8 m4.4 m3.8 m7.4 m11.4 m8.2 m

Depreciation and Amortization

31.4 m48.2 m17.7 m35.4 m52.5 m16.6 m32.6 m49.2 m16.6 m

Inventories

(11.2 m)

Accounts Payable

2.6 m5.3 m(917 k)(3.5 m)(7.7 m)(282 k)(2.3 m)(1.7 m)3.8 m

Cash From Operating Activities

34.4 m46.7 m20.6 m32.1 m69.3 m20.1 m40.8 m68.9 m45.9 m

Cash From Investing Activities

2.6 m(17 m)(19.8 m)(61 m)(107.1 m)3.2 m(16.9 m)(60.7 m)(6.9 m)

Short-term Borrowings

(43.8 m)(60.8 m)(28.6 m)(97.5 m)(128.3 m)(36.9 m)(42.5 m)(66.2 m)(46.8 m)

Cash From Financing Activities

(37.4 m)(31.7 m)1.4 m31.6 m33.5 m(20.3 m)(12.6 m)(7.2 m)(30.2 m)

Interest Paid

17 m25.1 m8.8 m17.7 m26.6 m9.2 m18.6 m27.9 m9.5 m

Income Taxes Paid

119 k129 k5 k79 k99 k34 k72 k137 k75 k
USDY, 2017

Revenue/Employee

749.5 k

Financial Leverage

6.4 x

Willis Lease Finance Corporation Market Value History

Traffic Overview of Willis Lease Finance Corporation

Willis Lease Finance Corporation Company Life and Culture

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