Willis Lease Finance (WLFC) stock price, revenue, and financials

Willis Lease Finance market cap is $134.5 m, and annual revenue was $409.16 m in FY 2019

$134.5 M

WLFC Mkt cap, 27-Mar-2020

$409.2 M

Willis Lease Finance Revenue FY, 2019
Willis Lease Finance Gross profit (FY, 2019)346.5 M
Willis Lease Finance Gross profit margin (FY, 2019), %84.7%
Willis Lease Finance Net income (FY, 2019)66.9 M
Willis Lease Finance EBIT (FY, 2019)80.3 M
Willis Lease Finance Cash, 31-Dec-20196.7 M
Willis Lease Finance EV1.4 B

Willis Lease Finance Income Statement

Annual

USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

156.7m148.1m158.4m174.3m199.6m207.3m274.8m348.3m409.2m

Revenue growth, %

10%15%(72%)

Cost of goods sold

61.0m62.6m

Gross profit

287.3m346.5m

Gross profit Margin, %

82%85%

General and administrative expense

35.7m34.6m33.9m35.9m42.7m47.8m55.7m72.0m86.5m

Operating expense total

35.7m34.6m33.9m35.9m42.7m47.8m55.7m234.8m266.2m

Depreciation and amortization

58.7m65.4m69.6m66.3m66.0m76.8m86.2m

EBIT

22.6m937.0k7.8m10.5m13.0m22.1m28.9m52.5m80.3m

EBIT margin, %

14%1%5%6%6%11%10%15%20%

Interest expense

35.2m31.7m38.7m37.1m39.0m41.1m48.7m64.2m66.9m

Interest income

167.0k80.0k

Investment income

1.3m1.8m3.5m1.3m1.2m1.8m7.2m3.8m8.6m

Pre tax profit

23.9m2.7m11.3m11.8m14.1m23.9m36.0m56.3m88.9m

Income tax expense

9.4m1.2m(4.3m)4.6m6.8m9.9m(26.1m)13.0m22.0m

Net Income

14.5m1.5m15.6m7.2m7.4m14.1m62.2m43.2m66.9m

Quarterly

USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

38.7m39.5m35.7m35.2m37.5m35.3m38.0m38.0m43.0m42.3m42.7m42.8m43.2m57.8m50.6m49.6m51.5m77.9m67.8m65.9m63.9m74.3m78.0m103.8m95.8m120.4m

Cost of goods sold

4.8m5.9m5.8m14.4m12.6m20.2m

Gross profit

59.1m68.4m72.1m89.4m83.2m100.2m

Gross profit Margin, %

93%92%93%86%87%83%

General and administrative expense

9.2m8.7m8.7m9.3m7.3m8.3m9.2m6.8m9.7m9.3m9.1m10.0m9.1m11.7m11.8m10.7m12.3m13.2m13.1m14.3m15.6m16.8m18.1m21.4m21.4m23.3m

Operating expense total

9.2m8.7m8.7m9.3m7.3m8.3m9.2m6.8m9.7m9.3m9.1m10.0m9.1m11.7m11.8m10.7m12.3m13.2m13.1m14.3m50.2m57.1m59.4m62.5m63.1m71.3m

Depreciation and amortization

15.8m15.7m15.7m16.7m17.7m17.7m17.1m16.6m16.2m16.6m16.6m16.0m16.1m17.4m18.4m19.9m20.3m20.0m22.7m

EBIT

5.5m5.9m5.0m4.8m(11.0m)2.5m(1.5m)(3.3m)6.4m3.3m2.0m3.4m(1.1m)4.1m6.5m5.7m5.9m12.6m9.0m5.2m8.9m11.3m12.8m26.9m20.1m28.9m

EBIT margin, %

14%15%14%14%(29%)7%(4%)(9%)15%8%5%8%(3%)7%13%12%11%16%13%8%14%15%16%26%21%24%

Interest expense

8.8m8.9m7.9m7.1m7.5m9.2m9.9m9.9m9.6m9.9m9.8m10.0m10.4m10.2m11.3m14.2m13.6m15.1m17.9m17.9m16.8m16.6m

Interest income

42.0k42.0k30.0k30.0k21.0k

Investment income

320.0k232.0k397.0k199.0k352.0k93.0k3.4m(289.0k)305.0k245.0k269.0k354.0k215.0k558.0k187.0k56.0k631.0k1.9m1.2m3.0m747.0k316.0k506.0k946.0k1.7m2.2m

Pre tax profit

5.8m6.2m5.4m5.0m(10.7m)2.6m1.9m(3.6m)6.7m3.6m2.3m3.7m(894.0k)4.7m6.7m5.8m6.5m14.4m10.2m8.3m9.6m11.6m13.3m27.8m21.8m31.1m

Income tax expense

2.3m3.8m2.1m1.8m(3.5m)1.0m(7.8m)(1.4m)2.4m1.3m1.3m1.4m(402.0k)2.1m2.9m2.4m2.5m6.2m4.2m3.0m2.5m3.2m3.6m7.0m4.8m7.0m

Net Income

3.5m2.3m3.3m3.2m(7.2m)1.6m9.7m(2.2m)4.3m2.2m979.0k2.3m(492.0k)2.6m3.8m3.4m4.0m8.2m6.0m5.3m7.1m8.4m9.7m20.9m17.0m24.1m

Willis Lease Finance Balance Sheet

Annual

USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

6.4m5.4m12.8m13.5m9.7m10.1m7.1m11.7m6.7m

Accounts Receivable

8.4m12.9m13.3m8.9m14.1m18.8m23.3m24.1m

Inventories

3.3m41.8m

PP&E

6.9m6.0m5.0m18.0m20.2m26.1m27.7m31.5m

Total Assets

1.1b1.1b1.2b1.3b1.3b1.3b1.6b1.9b1.9b

Accounts Payable

16.8m15.4m16.3m21.6m21.7m17.8m22.1m42.9m45.6m

Short-term debt

19.2m900.3m

Long-term debt

697.0m787.6m841.0m878.7m900.3m1.1b1.3b1.3b

Total Debt

697.0m787.6m841.0m878.7m1.8b1.1b1.3b1.3b

Total Liabilities

896.5m879.2m986.6m1.0b1.1b1.1b1.3b1.6b1.5b

Common Stock

91.0k87.0k84.0k83.0k75.0k64.0k64.0k62.0k64.0k

Preferred Stock

31.9m49.6m

Additional Paid-in Capital

56.8m47.8m44.7m42.1m28.7m2.3m4.6m

Retained Earnings

156.7m152.9m167.5m174.7m182.1m194.7m256.3m286.6m349.0m

Total Equity

236.7m199.6m212.6m216.9m210.3m196.3m258.9m286.8m350.3m

Debt to Equity Ratio

3.5 x3.7 x3.9 x4.2 x9.2 x4.2 x4.7 x

Debt to Assets Ratio

0.6 x0.7 x0.7 x0.7 x1.3 x0.7 x0.7 x

Financial Leverage

4.8 x5.4 x5.6 x5.8 x6.2 x6.8 x6.2 x6.7 x5.5 x

Quarterly

USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Cash

8.3m6.0m5.6m4.6m17.2m1.4m4.3m4.0m15.6m12.4m10.8m15.6m16.2m9.2m12.7m21.1m10.7m11.9m11.3m7.9m12.7m8.9m8.4m12.2m11.6m9.0m

Accounts Receivable

7.7m6.8m7.1m8.6m8.9m9.9m8.8m5.1m13.7m9.8m11.5m14.6m13.7m22.8m15.7m14.3m12.1m11.8m12.9m16.4m24.6m20.2m24.8m25.0m46.9m33.9m

Inventories

3.3m14.0m12.7m18.3m19.0m16.6m24.5m23.0m18.4m

PP&E

7.2m7.0m7.3m6.9m6.5m5.5m5.3m5.0m4.9m4.8m18.2m21.3m20.8m20.5m17.0m16.7m16.5m16.6m16.4m16.2m25.9m26.0m26.2m27.8m28.3m30.8m

Total Assets

1.2b1.1b1.1b1.1b1.1b1.1b1.1b1.1b1.2b1.2b1.2b1.3b1.3b1.3b1.3b1.3b1.3b1.3b1.4b1.4b1.7b1.8b2.0b1.9b1.9b1.9b

Accounts Payable

17.9m16.1m16.2m15.9m12.9m14.1m18.3m12.9m18.9m19.6m20.9m12.6m19.7m18.9m23.1m19.2m15.7m22.2m24.5m20.9m36.8m28.1m40.9m32.4m33.0m40.0m

Short-term debt

52.7m19.2m36.0m36.0m

Long-term debt

686.0m690.0m757.1m744.5m744.3m767.1m753.8m761.2m842.2m861.0m852.2m850.0m876.7m885.6m872.2m921.8m932.1m1.2b1.2b1.4b1.3b1.3b1.3b

Total Debt

686.0m690.0m757.1m744.5m744.3m767.1m753.8m761.2m842.2m861.0m852.2m850.0m876.7m885.6m872.2m921.8m932.1m1.2b1.2b1.4b1.3b1.3b1.3b

Total Liabilities

959.5m863.3m888.1m873.3m868.1m946.2m932.9m932.9m975.1m960.4m969.6m1.0b1.1b1.1b1.1b1.1b1.1b1.1b1.2b1.2b1.4b1.5b1.6b1.5b1.6b1.5b

Common Stock

90.0k92.0k92.0k93.0k93.0k87.0k89.0k85.0k84.0k84.0k82.0k83.0k82.0k83.0k74.0k67.0k66.0k65.0k64.0k64.0k61.0k64.0k62.0k62.0k64.0k64.0k

Preferred Stock

31.9m31.9m31.9m31.9m31.9m

Additional Paid-in Capital

56.6m56.8m56.1m58.0m58.2m48.2m49.2m45.0m45.4m44.6m42.3m42.1m41.3m40.9m24.9m7.9m5.9m2.3m708.0k1.6m1.5m563.0k2.4m

Retained Earnings

152.3m153.8m159.2m161.7m153.7m154.5m164.2m162.0m171.8m174.0m175.0m177.0m176.5m179.1m185.8m188.3m192.3m203.8m209.5m214.4m255.0m262.5m269.7m306.9m321.6m344.8m

Total Equity

231.1m232.0m238.5m243.5m242.6m201.8m212.7m206.5m217.6m218.8m217.4m219.2m217.9m219.8m210.0m196.2m196.5m205.5m209.4m215.6m256.6m265.3m270.7m307.4m320.4m345.5m

Debt to Equity Ratio

2.8 x2.8 x3.8 x3.5 x3.6 x3.5 x3.4 x3.5 x3.8 x4 x3.9 x4 x4.5 x4.5 x4.2 x4.4 x4.3 x4.6 x4.6 x5.1 x4.2 x4 x

Debt to Assets Ratio

0.6 x0.6 x0.7 x0.6 x0.7 x0.6 x0.6 x0.6 x0.7 x0.7 x0.7 x0.7 x0.7 x0.7 x0.7 x0.7 x0.6 x0.7 x0.7 x0.7 x0.7 x0.7 x

Financial Leverage

5.2 x4.7 x4.7 x4.6 x4.6 x5.7 x5.4 x5.5 x5.5 x5.4 x5.5 x5.7 x5.9 x5.8 x6.1 x6.6 x6.6 x6.4 x6.6 x6.7 x6.7 x6.7 x7.3 x6.2 x6 x5.6 x

Willis Lease Finance Cash Flow

Quarterly

USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Net Income

8.5m10.9m3.3m6.5m(676.0k)1.6m11.3m9.1m4.3m6.5m7.5m2.3m1.8m4.4m3.8m7.4m11.4m8.2m14.2m19.4m7.1m15.4m25.1m20.9m37.9m61.9m

Depreciation and Amortization

26.3m38.7m12.5m25.0m38.9m13.6m27.8m43.6m15.7m31.4m48.2m17.7m35.4m52.5m16.6m32.6m49.2m16.6m32.6m48.8m17.4m35.7m55.6m20.3m40.3m63.0m

Accounts Receivable

1.2m2.1m1.4m(98.0k)(289.0k)3.0m4.7m8.6m(366.0k)3.4m1.8m(5.8m)(4.8m)(7.8m)(1.8m)(225.0k)2.1m4.2m3.3m(220.0k)(6.0m)(2.0m)(7.0m)(2.0m)(24.3m)(11.0m)

Inventories

(350.0k)(11.2m)(9.5m)305.0k(413.0k)1.8m1.2m1.8m1.1m50.0k645.0k4.4m(2.9m)(4.9m)(27.5m)8.5m17.7m23.4m

Accounts Payable

(2.8m)(4.5m)(1.4m)(1.7m)(5.7m)144.0k4.7m(1.2m)1.7m2.6m5.3m(917.0k)(3.5m)(7.7m)(282.0k)(2.3m)(1.7m)3.8m8.1m(687.0k)(484.0k)3.3m13.5m(9.0m)(6.3m)891.0k

Cash From Operating Activities

25.7m56.3m7.9m33.9m53.9m18.6m38.6m59.1m18.8m34.4m46.7m20.6m32.1m69.3m20.1m40.8m68.9m45.9m79.3m110.2m30.4m72.7m100.8m35.6m91.5m170.8m

Purchases of PP&E

(581.0k)(710.0k)(966.0k)(1.0m)(1.2m)(31.0k)(375.0k)(441.0k)(156.0k)(201.0k)(13.8m)(3.7m)(3.6m)(3.7m)(70.0k)(183.0k)(357.0k)(199.0k)(326.0k)(493.0k)(290.0k)(794.0k)(1.6m)(606.0k)(1.8m)(5.0m)

Cash From Investing Activities

(64.7m)3.9m7.0m(729.0k)(18.2m)(84.8m)(90.7m)(76.3m)3.1m2.6m(17.0m)(19.8m)(61.0m)(107.1m)3.2m(16.9m)(60.7m)(6.9m)(72.9m)(122.0m)(112.2m)(206.4m)(270.0m)5.3m(24.5m)(82.8m)

Long-term Borrowings

(83.4m)(122.4m)(33.3m)(52.4m)(567.9m)(8.9m)(21.5m)(56.2m)(25.5m)(43.8m)(60.8m)(28.6m)(97.5m)(128.3m)(36.9m)(42.5m)(66.2m)(46.8m)(72.8m)(448.2m)(29.8m)(53.3m)(306.8m)(142.9m)(220.7m)(340.3m)

Dividends Paid

(1.6m)(2.3m)(782.0k)(1.6m)(2.3m)(305.0k)(596.0k)(891.0k)(917.0k)(1.6m)(2.4m)(819.0k)(1.6m)(2.5m)

Cash From Financing Activities

45.0m(56.4m)(15.7m)(35.0m)(24.9m)62.2m51.1m15.9m(19.1m)(37.4m)(31.7m)1.4m31.6m33.5m(20.3m)(12.6m)(7.2m)(30.2m)15.8m51.4m91.7m133.2m285.7m(42.2m)(60.9m)(89.2m)

Net Change in Cash

6.0m3.8m(839.0k)(1.9m)10.7m(4.0m)(1.0m)(1.4m)2.8m(429.0k)(2.0m)2.1m2.7m(4.2m)3.0m11.3m921.0k8.8m22.1m39.6m(506.0k)116.5m(1.3m)6.1m(1.2m)

Interest Paid

9.9m15.3m4.7m9.4m14.6m8.1m16.8m25.6m8.8m17.0m25.1m8.8m17.7m26.6m9.2m18.6m27.9m9.5m19.4m31.9m12.2m29.1m45.0m17.3m32.9m48.5m

Income Taxes Paid

55.0k150.0k17.0k65.0k101.0k16.0k16.0k55.0k119.0k129.0k5.0k79.0k99.0k34.0k72.0k137.0k75.0k332.0k346.0k71.0k1.1m1.1m(359.0k)81.0k302.0k

Willis Lease Finance Ratios

USDY, 2019

EV/EBIT

17.2 x

EV/CFO

6 x

Financial Leverage

5.5 x