$WLFC
WILLIS LEASE FINANCE CORP

2023 Q1 Form 10-K Financial Statement

#000101816423000006 Filed on March 10, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $89.54M $88.14M $311.9M
YoY Change 30.11% 16.26% 13.76%
Cost Of Revenue $4.499M $4.753M $20.83M
YoY Change -7.47% 21.28% 39.57%
Gross Profit $85.04M $83.39M $291.1M
YoY Change 32.96% 15.99% 12.27%
Gross Profit Margin 94.98% 94.61% 93.32%
Selling, General & Admin $37.77M $28.90M $113.4M
YoY Change 32.68% 19.0% 25.57%
% of Gross Profit 44.42% 34.66% 38.94%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $22.55M $22.78M $88.26M
YoY Change 3.39% 4.74% -2.48%
% of Gross Profit 26.52% 27.32% 30.32%
Operating Expenses $37.77M $51.68M $113.4M
YoY Change 32.68% 12.26% 25.57%
Operating Profit $7.998M $31.71M $9.855M
YoY Change -131.86% 22.63% 18.17%
Interest Expense $18.39M -$16.07M $66.74M
YoY Change 8.92% 2.51% -1.83%
% of Operating Profit 229.92% -50.67% 677.25%
Other Income/Expense, Net
YoY Change
Pretax Income $6.837M $18.20M $9.793M
YoY Change -124.66% 176.44% 7.14%
Income Tax $2.400M $3.858M $4.354M
% Of Pretax Income 35.1% 21.2% 44.46%
Net Earnings $4.394M $13.50M $5.439M
YoY Change -120.73% 675.14% 62.26%
Net Earnings / Revenue 4.91% 15.32% 1.74%
Basic Earnings Per Share $0.58 $0.35
Diluted Earnings Per Share $0.55 $1.93 $0.33
COMMON SHARES
Basic Shares Outstanding 6.125M shares 6.097M shares 6.071M shares
Diluted Shares Outstanding 6.456M shares 6.297M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $9.821M $12.15M $12.15M
YoY Change -30.37% -15.23% -15.23%
Cash & Equivalents $9.821M $12.15M $12.15M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $37.16M $38.58M $38.58M
Prepaid Expenses
Receivables $48.46M $46.95M $46.95M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $95.45M $97.68M $97.68M
YoY Change -8.54% -6.9% -6.9%
LONG-TERM ASSETS
Property, Plant & Equipment $2.178B $2.159B $2.159B
YoY Change 9.85% 6.4% 6.4%
Goodwill
YoY Change
Intangibles $1.114M $1.129M
YoY Change -5.03% -4.97%
Long-Term Investments $54.90M $56.19M $62.63M
YoY Change 0.81% 0.47% 11.98%
Other Assets $56.10M $80.15M $80.15M
YoY Change -29.66% -9.2% -9.2%
Total Long-Term Assets $2.492B $2.478B $2.478B
YoY Change 7.15% 5.07% 5.07%
TOTAL ASSETS
Total Short-Term Assets $95.45M $97.68M $97.68M
Total Long-Term Assets $2.492B $2.478B $2.478B
Total Assets $2.587B $2.575B $2.575B
YoY Change 6.48% 4.56% 4.56%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $42.08M $32.67M $32.67M
YoY Change 30.04% 50.91% 50.91%
Accrued Expenses $10.37M $10.37M
YoY Change 99.1% 99.1%
Deferred Revenue $13.70M $6.300M
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $63.72M $63.53M $63.53M
YoY Change 25.72% 37.49% 37.49%
LONG-TERM LIABILITIES
Long-Term Debt $1.837B $1.847B $1.847B
YoY Change 4.42% 3.18% 3.18%
Other Long-Term Liabilities $97.73M $77.32M $77.32M
YoY Change 25.47% 1.15% 1.15%
Total Long-Term Liabilities $1.935B $1.925B $1.925B
YoY Change 5.31% 3.1% 3.1%
TOTAL LIABILITIES
Total Short-Term Liabilities $63.72M $63.53M $63.53M
Total Long-Term Liabilities $1.935B $1.925B $1.925B
Total Liabilities $2.131B $2.121B $2.121B
YoY Change 6.09% 4.09% 4.09%
SHAREHOLDERS EQUITY
Retained Earnings $361.0M $357.5M
YoY Change 8.28% 0.59%
Common Stock $66.00K $66.00K
YoY Change 1.54% 1.54%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $406.0M $404.7M $454.6M
YoY Change
Total Liabilities & Shareholders Equity $2.587B $2.575B $2.575B
YoY Change 6.48% 4.56% 4.56%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $4.394M $13.50M $5.439M
YoY Change -120.73% 675.14% 62.26%
Depreciation, Depletion And Amortization $22.55M $22.78M $88.26M
YoY Change 3.39% 4.74% -2.48%
Cash From Operating Activities $51.87M $62.13M $144.4M
YoY Change 83.16% 181.45% 59.31%
INVESTING ACTIVITIES
Capital Expenditures $1.573M $67.25M $6.630M
YoY Change 191.3% -283.58% 206.24%
Acquisitions
YoY Change
Other Investing Activities -$7.023M $16.64M $98.65M
YoY Change -138.05% -76.05% 64.55%
Cash From Investing Activities -$64.28M -$50.61M -$194.4M
YoY Change 920.03% -253.97% 31.34%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $5.245M
YoY Change -48.0%
Debt Paid & Issued, Net $53.46M $228.8M
YoY Change 0.38% -45.12%
Cash From Financing Activities -$12.10M -3.896M $43.33M
YoY Change -65.11% -87.38% -41.49%
NET CHANGE
Cash From Operating Activities $51.87M 62.13M $144.4M
Cash From Investing Activities -$64.28M -50.61M -$194.4M
Cash From Financing Activities -$12.10M -3.896M $43.33M
Net Change In Cash -$24.51M 7.629M -$6.625M
YoY Change 93.59% -68.31% -139.63%
FREE CASH FLOW
Cash From Operating Activities $51.87M $62.13M $144.4M
Capital Expenditures $1.573M $67.25M $6.630M
Free Cash Flow $50.30M -$5.118M $137.8M
YoY Change 81.06% -108.72% 55.71%

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CY2022 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
6120000 usd
CY2021 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
2954000 usd
CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
21712000 usd
CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
10148000 usd
CY2022 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
27151000 usd
CY2021 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
13500000 usd
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
364015000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
3352000 usd
CY2021 us-gaap Other Comprehensive Income Foreign Currency Translation Adjustment Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent
89000 usd
CY2021 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
309000 usd
CY2021 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTaxParent
2865000 usd
CY2021 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
9839000 usd
CY2021 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
10086000 usd
CY2021 us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
186000 usd
CY2021 us-gaap Stock Issued During Period Value Share Based Compensation Forfeited
StockIssuedDuringPeriodValueShareBasedCompensationForfeited
4974000 usd
CY2021 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
16578000 usd
CY2021 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
83000 usd
CY2021 us-gaap Preferred Stock Dividends Per Share Cash Paid
PreferredStockDividendsPerShareCashPaid
1.30
CY2021 us-gaap Dividends Preferred Stock
DividendsPreferredStock
3251000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
375885000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
5439000 usd
CY2022 us-gaap Other Comprehensive Income Foreign Currency Translation Adjustment Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent
302000 usd
CY2022 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-1071000 usd
CY2022 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTaxParent
6421000 usd
CY2022 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
22783000 usd
CY2022 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
5245000 usd
CY2022 us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
335000 usd
CY2022 us-gaap Stock Issued During Period Value Share Based Compensation Forfeited
StockIssuedDuringPeriodValueShareBasedCompensationForfeited
3655000 usd
CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
13551000 usd
CY2022 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
84000 usd
CY2022 us-gaap Preferred Stock Dividends Per Share Cash Paid
PreferredStockDividendsPerShareCashPaid
1.30
CY2022 us-gaap Dividends Preferred Stock
DividendsPreferredStock
3250000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
404688000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
5439000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
3352000 usd
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
88260000 usd
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
90504000 usd
CY2022 us-gaap Production Related Impairments Or Charges
ProductionRelatedImpairmentsOrCharges
21849000 usd
CY2021 us-gaap Production Related Impairments Or Charges
ProductionRelatedImpairmentsOrCharges
7715000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
13551000 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
16578000 usd
CY2022 us-gaap Amortization Of Deferred Charges
AmortizationOfDeferredCharges
5319000 usd
CY2021 us-gaap Amortization Of Deferred Charges
AmortizationOfDeferredCharges
5016000 usd
CY2022 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
837000 usd
CY2021 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
-164000 usd
CY2022 us-gaap Proceeds From Lease Payments
ProceedsFromLeasePayments
584000 usd
CY2021 us-gaap Proceeds From Lease Payments
ProceedsFromLeasePayments
0 usd
CY2022 us-gaap Gain Loss On Sale Of Leased Assets Net Operating Leases
GainLossOnSaleOfLeasedAssetsNetOperatingLeases
3133000 usd
CY2021 us-gaap Gain Loss On Sale Of Leased Assets Net Operating Leases
GainLossOnSaleOfLeasedAssetsNetOperatingLeases
5975000 usd
CY2022 us-gaap Gain Loss On Sale Of Notes Receivable
GainLossOnSaleOfNotesReceivable
3116000 usd
CY2021 us-gaap Gain Loss On Sale Of Notes Receivable
GainLossOnSaleOfNotesReceivable
10874000 usd
CY2022 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-62000 usd
CY2021 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
800000 usd
CY2022 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
71000 usd
CY2021 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-44000 usd
CY2022 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
2558000 usd
CY2021 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
CY2022 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-2065000 usd
CY2021 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-4193000 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
3168000 usd
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
11191000 usd
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-14288000 usd
CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-7923000 usd
CY2022 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
5617000 usd
CY2021 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
787000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
942000 usd
CY2021 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
58000 usd
CY2022 wlfc Increase Decrease In Maintenance Reserves
IncreaseDecreaseInMaintenanceReserves
2372000 usd
CY2021 wlfc Increase Decrease In Maintenance Reserves
IncreaseDecreaseInMaintenanceReserves
-17582000 usd
CY2022 us-gaap Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
-2372000 usd
CY2021 us-gaap Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
-3827000 usd
CY2022 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
4147000 usd
CY2021 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-1179000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
144424000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
90658000 usd
CY2022 us-gaap Payments To Acquire Equipment On Lease
PaymentsToAcquireEquipmentOnLease
286393000 usd
CY2021 us-gaap Payments To Acquire Equipment On Lease
PaymentsToAcquireEquipmentOnLease
205779000 usd
CY2022 us-gaap Proceeds From Sale Of Machinery And Equipment
ProceedsFromSaleOfMachineryAndEquipment
69238000 usd
CY2021 us-gaap Proceeds From Sale Of Machinery And Equipment
ProceedsFromSaleOfMachineryAndEquipment
37626000 usd
CY2022 us-gaap Proceeds From Sale Of Notes Receivable
ProceedsFromSaleOfNotesReceivable
40705000 usd
CY2021 us-gaap Proceeds From Sale Of Notes Receivable
ProceedsFromSaleOfNotesReceivable
58363000 usd
CY2022 us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
15270000 usd
CY2021 us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
44444000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
6630000 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2165000 usd
CY2022 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
3974000 usd
CY2021 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
8404000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-194376000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-147995000 usd
CY2022 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
284000000 usd
CY2021 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
513700000 usd
CY2022 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
228840000 usd
CY2021 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
416966000 usd
CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
5245000 usd
CY2021 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
10086000 usd
CY2022 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3655000 usd
CY2021 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
4974000 usd
CY2022 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
3268000 usd
CY2021 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
3251000 usd
CY2022 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
335000 usd
CY2021 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
186000 usd
CY2022 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 usd
CY2021 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
4556000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
43327000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
74053000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-6625000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
16716000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
95641000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
78925000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
89016000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
95641000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
63544000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
63600000 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2242000 usd
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1412000 usd
CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
542000 usd
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
0 usd
CY2022 us-gaap Transfer Of Portfolio Loans And Leases To Held For Sale1
TransferOfPortfolioLoansAndLeasesToHeldForSale1
7183000 usd
CY2021 us-gaap Transfer Of Portfolio Loans And Leases To Held For Sale1
TransferOfPortfolioLoansAndLeasesToHeldForSale1
13368000 usd
CY2022 wlfc Transfers From Equipment Held For Operating Lease To Spare Parts Inventory
TransfersFromEquipmentHeldForOperatingLeaseToSparePartsInventory
1906000 usd
CY2021 wlfc Transfers From Equipment Held For Operating Lease To Spare Parts Inventory
TransfersFromEquipmentHeldForOperatingLeaseToSparePartsInventory
4467000 usd
CY2022 wlfc Transfer From Inventory To Equipment Held For Lease
TransferFromInventoryToEquipmentHeldForLease
0 usd
CY2021 wlfc Transfer From Inventory To Equipment Held For Lease
TransferFromInventoryToEquipmentHeldForLease
1555000 usd
CY2022 wlfc Transfers From Notes Receivable To Equipment Held For Operating Lease
TransfersFromNotesReceivableToEquipmentHeldForOperatingLease
0 usd
CY2021 wlfc Transfers From Notes Receivable To Equipment Held For Operating Lease
TransfersFromNotesReceivableToEquipmentHeldForOperatingLease
27804000 usd
CY2022 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
84000 usd
CY2021 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
83000 usd
CY2022Q4 wlfc Deferred In Substance Fixed Payment Use Fees
DeferredInSubstanceFixedPaymentUseFees
6300000 usd
CY2022Q4 wlfc Lease Rent Receivable Past Due
LeaseRentReceivablePastDue
7400000 usd
CY2022Q4 wlfc Maintenance Reserve Receivable Past Due
MaintenanceReserveReceivablePastDue
5900000 usd
CY2022 wlfc Lease Rent And Maintenance Reserve Payments Receivable Past Due Period Minimum
LeaseRentAndMaintenanceReservePaymentsReceivablePastDuePeriodMinimum
P30D
CY2022Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
1600000 usd
CY2022 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
0 usd
CY2021 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
3500000 usd
CY2022 wlfc Impairments Recorded As A Result Of Triggering Events
ImpairmentsRecordedAsAResultOfTriggeringEvents
21800000 usd
CY2021 wlfc Impairments Recorded As A Result Of Triggering Events
ImpairmentsRecordedAsAResultOfTriggeringEvents
4200000 usd
CY2022 us-gaap Derivatives Methods Of Accounting Hedging Derivatives
DerivativesMethodsOfAccountingHedgingDerivatives
Interest Rate HedgingThe Company enters into various derivative instruments periodically to mitigate the exposure on variable rate borrowings. The derivative instruments are fixed-rate interest swaps that are recorded at fair value as either an asset or liability.While substantially all of the Company’s derivative transactions are entered into for the purposes described above, hedge accounting is only applied when specific criteria have been met and it is practicable to do so. In order to apply hedge accounting, the transaction must be designated as a hedge and it must be highly effective. The hedging instrument’s effectiveness is assessed utilizing regression at the inception of the hedge and either regression or qualitative analysis on at least a quarterly basis throughout its life. All of the transactions that the Company has designated as hedges are cash flow hedges. The effective portion of the change in fair value on a derivative instrument designated as a cash flow hedge is reported as a component of other comprehensive income and is reclassified into earnings in the period during which the transaction being hedged affects earnings. The ineffective portion of the hedges is recorded in earnings in the current period.
CY2022Q4 wlfc Prepaid Deposits
PrepaidDeposits
7000000 usd
CY2021Q4 wlfc Prepaid Deposits
PrepaidDeposits
8500000 usd
CY2022 us-gaap Use Of Estimates
UseOfEstimates
Management Estimates<div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">These financial statements have been prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States (“U.S.”).</span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of consolidated financial statements requires management to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent assets and liabilities. Management evaluates estimates on an ongoing basis, including those related to residual values, estimated asset lives, impairments and bad debts. Estimates are based on historical experience and on various other assumptions that are believed to be reasonable under the circumstances for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions.</span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Management believes that the accounting policies on revenue recognition, maintenance reserves and expenditures, useful life of equipment, asset residual values, asset impairment and allowance for doubtful accounts are critical to the results of operations.</span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">If the useful lives or residual values are lower than those estimated, upon sale of the asset a loss may be realized. Significant management judgment is required in the forecasting of future operating results, which are used in the preparation of projected undiscounted cash-flows and should different conditions prevail, material impairment write-downs may occur.</span></div>
CY2022Q4 wlfc Equity Method Investment Equity Ownership Of The Venture
EquityMethodInvestmentEquityOwnershipOfTheVenture
0.50
CY2022Q4 wlfc Equity Method Investment Equity Ownership Of The Venture
EquityMethodInvestmentEquityOwnershipOfTheVenture
0.50
CY2022 wlfc Amortization Of Lease Acquisition Costs
AmortizationOfLeaseAcquisitionCosts
900000 usd
CY2021 wlfc Amortization Of Lease Acquisition Costs
AmortizationOfLeaseAcquisitionCosts
700000 usd
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y5M26D
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.049
CY2022 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
Risk Concentrations<div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments which potentially subject us to concentrations of credit risk consist principally of cash deposits, lease receivables and interest rate swaps.</span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company places its cash deposits, which exceed federally insured limits, with financial institutions and other credit-worthy institutions, such as money market funds, and limits the amount of credit exposure to any one party. Management opts for security of principal as opposed to yield. Concentrations of credit risk with respect to lease receivables are limited due to the large number of customers comprising the customer base, and their dispersion across different geographic areas. Some lessees are required to make payments for maintenance reserves at the end of the lease however, this risk is considered limited due to the relatively few lessees which have this provision in the lease. The Company enters into interest rate swap agreements with counterparties that are investment grade financial institutions.</span></div>
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
11382000 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
6067000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
11382000 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
6067000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
10365000 usd
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
5206000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
10365000 usd
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
5206000 usd
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y5M12D
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.034
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
3253000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
3218000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
2690000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
757000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
562000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
854000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
11334000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
969000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
10365000 usd
CY2022Q4 wlfc Lessee Noncancelable Operating Lease Liability To Be Paid Year One
LesseeNoncancelableOperatingLeaseLiabilityToBePaidYearOne
3268000 usd
CY2022Q4 wlfc Lessee Noncancelable Operating Lease Liability To Be Paid Year Two
LesseeNoncancelableOperatingLeaseLiabilityToBePaidYearTwo
3218000 usd
CY2022Q4 wlfc Lessee Noncancelable Operating Lease Liability To Be Paid Year Three
LesseeNoncancelableOperatingLeaseLiabilityToBePaidYearThree
2691000 usd
CY2022Q4 wlfc Lessee Noncancelable Operating Lease Liability To Be Paid Year Four
LesseeNoncancelableOperatingLeaseLiabilityToBePaidYearFour
757000 usd
CY2022Q4 wlfc Lessee Noncancelable Operating Lease Liability To Be Paid Year Five
LesseeNoncancelableOperatingLeaseLiabilityToBePaidYearFive
562000 usd
CY2022Q4 wlfc Lessee Noncancelable Operating Lease Liability To Be Paid After Year Five
LesseeNoncancelableOperatingLeaseLiabilityToBePaidAfterYearFive
854000 usd
CY2022Q4 wlfc Lessee Noncancelable Operating Lease Liability To Be Paid
LesseeNoncancelableOperatingLeaseLiabilityToBePaid
11350000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
1692000 usd
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
1239000 usd
CY2022 us-gaap Lease Cost
LeaseCost
1692000 usd
CY2021 us-gaap Lease Cost
LeaseCost
1239000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
1388000 usd
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
1446000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
6478000 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
4131000 usd
CY2022 us-gaap Interest Income Operating
InterestIncomeOperating
7579000 usd
CY2022 us-gaap Gain Loss On Sale Of Leased Assets Net Operating Leases
GainLossOnSaleOfLeasedAssetsNetOperatingLeases
3133000 usd
CY2022 us-gaap Gain Loss On Sale Of Notes Receivable
GainLossOnSaleOfNotesReceivable
3116000 usd
CY2022 us-gaap Revenues
Revenues
311927000 usd
CY2021 us-gaap Interest Income Operating
InterestIncomeOperating
12938000 usd
CY2021 us-gaap Gain Loss On Sale Of Leased Assets Net Operating Leases
GainLossOnSaleOfLeasedAssetsNetOperatingLeases
5975000 usd
CY2021 us-gaap Gain Loss On Sale Of Notes Receivable
GainLossOnSaleOfNotesReceivable
10874000 usd
CY2021 us-gaap Revenues
Revenues
274202000 usd
CY2022Q4 wlfc Equipment Held For Operating Lease
EquipmentHeldForOperatingLease
2111900000 usd
CY2022Q4 us-gaap Long Term Accounts Notes And Loans Receivable Net Noncurrent
LongTermAccountsNotesAndLoansReceivableNetNoncurrent
81400000 usd
CY2022Q4 wlfc Maintenance Rights
MaintenanceRights
17700000 usd
CY2022Q4 us-gaap Sales Type Lease Net Investment In Lease
SalesTypeLeaseNetInvestmentInLease
6400000 usd
CY2022Q4 wlfc Number Of Leased Assets
NumberOfLeasedAssets
339 engine
CY2022Q4 wlfc Number Of Leased Assets
NumberOfLeasedAssets
13 aircraft
CY2022Q4 wlfc Number Of Leased Assets
NumberOfLeasedAssets
1 marine_vessel
CY2021Q4 wlfc Equipment Held For Operating Lease
EquipmentHeldForOperatingLease
1991400000 usd
CY2021Q4 us-gaap Long Term Accounts Notes And Loans Receivable Net Noncurrent
LongTermAccountsNotesAndLoansReceivableNetNoncurrent
115500000 usd
CY2021Q4 wlfc Maintenance Rights
MaintenanceRights
22500000 usd
CY2021Q4 wlfc Number Of Leased Assets
NumberOfLeasedAssets
304 engine
CY2021Q4 wlfc Number Of Leased Assets
NumberOfLeasedAssets
12 aircraft
CY2021Q4 wlfc Number Of Leased Assets
NumberOfLeasedAssets
1 marine_vessel
CY2022 wlfc Number Of Geographic Regions In Which Aircraft Lessees Are Domiciled In
NumberOfGeographicRegionsInWhichAircraftLesseesAreDomiciledIn
7 region
CY2022Q4 us-gaap Net Investment In Lease
NetInvestmentInLease
2111935000 usd
CY2021Q4 us-gaap Net Investment In Lease
NetInvestmentInLease
1991368000 usd
CY2022Q4 us-gaap Net Investment In Lease
NetInvestmentInLease
2111935000 usd
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
146842000 usd
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
66513000 usd
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
52000000 usd
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
39410000 usd
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
27763000 usd
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
35708000 usd
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
368236000 usd
CY2020Q4 us-gaap Equity Method Investments
EquityMethodInvestments
53275000 usd
CY2021 wlfc Income Loss From Equity Method Investments Excluding Amortization On Deferred Gains
IncomeLossFromEquityMethodInvestmentsExcludingAmortizationOnDeferredGains
800000 usd
CY2021 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
398000 usd
CY2021 wlfc Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax Joint Venture
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTaxJointVenture
1454000 usd
CY2021Q4 us-gaap Equity Method Investments
EquityMethodInvestments
55927000 usd
CY2022 wlfc Income Loss From Equity Method Investments Excluding Amortization On Deferred Gains
IncomeLossFromEquityMethodInvestmentsExcludingAmortizationOnDeferredGains
-62000 usd
CY2022 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-1373000 usd
CY2022 wlfc Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax Joint Venture
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTaxJointVenture
1697000 usd
CY2022Q4 us-gaap Equity Method Investments
EquityMethodInvestments
56189000 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1862089000 usd
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1809620000 usd
CY2022Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
14811000 usd
CY2021Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
19356000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
1847278000 usd
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
1790264000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
88090000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
788118000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
59883000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
267562000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
182668000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
475768000 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1862089000 usd
CY2021Q2 us-gaap Notes Payable
NotesPayable
5800000 usd
CY2021Q2 wlfc Number Of Assets Used To Secure Debt
NumberOfAssetsUsedToSecureDebt
2 engine
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
121000 usd
CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
0 usd
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
4193000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
11864000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
4659000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-2071000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
4481000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
9793000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
9140000 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
128000 usd
CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
2161000 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
2289000 usd
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
3758000 usd
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-1693000 usd
CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
0 usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
2065000 usd
CY2022 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
3758000 usd
CY2022 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
-1565000 usd
CY2022 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
2161000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4354000 usd
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 usd
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-2000 usd
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
1597000 usd
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1595000 usd
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
4072000 usd
CY2022Q4 wlfc Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Unearned Lease Revenue
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsUnearnedLeaseRevenue
3867000 usd
CY2021 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
4072000 usd
CY2021 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
119000 usd
CY2021 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
1597000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5788000 usd
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
2057000 usd
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
1844000 usd
CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-1593000 usd
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
119000 usd
CY2022 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
1509000 usd
CY2021 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
0 usd
CY2022 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
666000 usd
CY2021 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
705000 usd
CY2022 wlfc Income Tax Reconciliation Permanent Differences Relating To Irs Section162m
IncomeTaxReconciliationPermanentDifferencesRelatingToIRSSection162m
2180000 usd
CY2021 wlfc Income Tax Reconciliation Permanent Differences Relating To Irs Section162m
IncomeTaxReconciliationPermanentDifferencesRelatingToIRSSection162m
2042000 usd
CY2022 wlfc Income Tax Reconciliation Nondeductible Expense Permanent Differences And Other Adjustments
IncomeTaxReconciliationNondeductibleExpensePermanentDifferencesAndOtherAdjustments
-465000 usd
CY2021 wlfc Income Tax Reconciliation Nondeductible Expense Permanent Differences And Other Adjustments
IncomeTaxReconciliationNondeductibleExpensePermanentDifferencesAndOtherAdjustments
1078000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4354000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5788000 usd
CY2022 wlfc Effective Income Tax Rate Reconciliation Subpart F Income From Foreign Operations Amount
EffectiveIncomeTaxRateReconciliationSubpartFIncomeFromForeignOperationsAmount
500000 usd
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
330000 usd
CY2021 us-gaap Unrecognized Tax Benefits Decreases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromCurrentPeriodTaxPositions
0 usd
CY2021 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
317000 usd
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
13000 usd
CY2022 us-gaap Unrecognized Tax Benefits Decreases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromCurrentPeriodTaxPositions
11000 usd
CY2022 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
5000 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
19000 usd
CY2021Q4 wlfc Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Unearned Lease Revenue
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsUnearnedLeaseRevenue
2217000 usd
CY2022Q4 us-gaap Deferred Tax Assets State Taxes
DeferredTaxAssetsStateTaxes
2000 usd
CY2021Q4 us-gaap Deferred Tax Assets State Taxes
DeferredTaxAssetsStateTaxes
0 usd
CY2022Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
2123000 usd
CY2021Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
1486000 usd
CY2022Q4 wlfc Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Reserves And Allowances
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReservesAndAllowances
4425000 usd
CY2021Q4 wlfc Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Reserves And Allowances
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReservesAndAllowances
6781000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Other
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOther
15973000 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Other
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOther
2577000 usd
CY2022Q4 wlfc Deferred Tax Assets Lease Liabilities
DeferredTaxAssetsLeaseLiabilities
1366000 usd
CY2021Q4 wlfc Deferred Tax Assets Lease Liabilities
DeferredTaxAssetsLeaseLiabilities
146000 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
67595000 usd
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
68168000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Alternative Minimum Tax
DeferredTaxAssetsTaxCreditCarryforwardsAlternativeMinimumTax
33000 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Alternative Minimum Tax
DeferredTaxAssetsTaxCreditCarryforwardsAlternativeMinimumTax
33000 usd
CY2022Q4 us-gaap Deferred Tax Assets Charitable Contribution Carryforwards
DeferredTaxAssetsCharitableContributionCarryforwards
2000 usd
CY2021 wlfc Gain Loss On Equipment Held For Lease
GainLossOnEquipmentHeldForLease
7651000 usd
CY2022 wlfc Gain Loss On Equipment Held For Sale
GainLossOnEquipmentHeldForSale
78000 usd
CY2021Q4 us-gaap Deferred Tax Assets Charitable Contribution Carryforwards
DeferredTaxAssetsCharitableContributionCarryforwards
2000 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
95386000 usd
CY2021Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
81410000 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
536000 usd
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
518000 usd
CY2022Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
94850000 usd
CY2021Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
80892000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
208389000 usd
CY2021Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
183131000 usd
CY2022Q4 wlfc Deferred Tax Liabilities Notes Receivable
DeferredTaxLiabilitiesNotesReceivable
5479000 usd
CY2021Q4 wlfc Deferred Tax Liabilities Notes Receivable
DeferredTaxLiabilitiesNotesReceivable
15911000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
1360000 usd
CY2021Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
139000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
4590000 usd
CY2021Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
4595000 usd
CY2022Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
219818000 usd
CY2021Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
203776000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Other Comprehensive Income
DeferredTaxLiabilitiesOtherComprehensiveIncome
7548000 usd
CY2021Q4 us-gaap Deferred Tax Liabilities Other Comprehensive Income
DeferredTaxLiabilitiesOtherComprehensiveIncome
1448000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
132516000 usd
CY2021Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
124332000 usd
CY2022Q4 us-gaap Undistributed Earnings Of Foreign Subsidiaries
UndistributedEarningsOfForeignSubsidiaries
6200000 usd
CY2022Q4 us-gaap Notes Receivable Fair Value Disclosure
NotesReceivableFairValueDisclosure
83500000 usd
CY2021Q4 us-gaap Notes Receivable Fair Value Disclosure
NotesReceivableFairValueDisclosure
117700000 usd
CY2022Q4 wlfc Investment In Sales Type Leases Fair Value Disclosure
InvestmentInSalesTypeLeasesFairValueDisclosure
6400000 usd
CY2021Q4 us-gaap Sales Type Lease Net Investment In Lease
SalesTypeLeaseNetInvestmentInLease
0 usd
CY2022Q4 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
1540200000 usd
CY2021Q4 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
1827400000 usd
CY2022 wlfc Gain Loss On Equipment Held For Lease
GainLossOnEquipmentHeldForLease
21771000 usd
CY2022Q4 us-gaap Temporary Equity Liquidation Preference Per Share
TemporaryEquityLiquidationPreferencePerShare
20.00
CY2021 wlfc Gain Loss On Equipment Held For Sale
GainLossOnEquipmentHeldForSale
64000 usd
CY2022 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
21849000 usd
CY2021 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
7715000 usd
CY2022 wlfc Number Of Assets Impaired
NumberOfAssetsImpaired
4 engine
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
2105000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
18000 usd
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6071000 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6112000 shares
CY2022 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
226000 shares
CY2021 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
234000 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6297000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6346000 shares
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.35
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.33
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0
CY2022Q4 us-gaap Purchase Obligation
PurchaseObligation
428100000 usd
CY2022Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
60000000 usd
CY2022 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
5200000 usd
CY2022 wlfc Stock Repurchased Average Cost Per Share
StockRepurchasedAverageCostPerShare
33.98
CY2021 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
10100000 usd
CY2021 wlfc Stock Repurchased Average Cost Per Share
StockRepurchasedAverageCostPerShare
37.57
CY2022Q4 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
39600000 usd
CY2022 us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.065
CY2022Q4 us-gaap Temporary Equity Redemption Price Per Share
TemporaryEquityRedemptionPricePerShare
20.00
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
13551000 usd
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
16578000 usd
CY2022 wlfc Defined Contribution Plan Maximum Percentage Of Pre Tax Salary That Could Be Deferred By Participants
DefinedContributionPlanMaximumPercentageOfPreTaxSalaryThatCouldBeDeferredByParticipants
0.75
CY2022 wlfc Defined Contribution Plan Maximum Amount Of Pre Tax Salary That Could Be Deferred By Participants
DefinedContributionPlanMaximumAmountOfPreTaxSalaryThatCouldBeDeferredByParticipants
19500 usd
CY2022 wlfc Defined Contribution Plan Maximum Amount Of Wages To Be Deferred By Participants With50 Years Of Age
DefinedContributionPlanMaximumAmountOfWagesToBeDeferredByParticipantsWith50YearsOfAge
26000 usd
CY2022 wlfc Defined Contribution Plan Minimum Age Of Employees For Specified Contribution Amount
DefinedContributionPlanMinimumAgeOfEmployeesForSpecifiedContributionAmount
P50Y
CY2022 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.50
CY2022 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Amount
DefinedContributionPlanMaximumAnnualContributionsPerEmployeeAmount
13500000 usd
CY2022 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
700000 usd
CY2021 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
700000 usd
CY2022 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2022 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2022 us-gaap Interest Income Operating
InterestIncomeOperating
7579000 usd
CY2022 us-gaap Gain Loss On Sale Of Leased Assets Net Operating Leases
GainLossOnSaleOfLeasedAssetsNetOperatingLeases
3133000 usd
CY2022 us-gaap Gain Loss On Sale Of Notes Receivable
GainLossOnSaleOfNotesReceivable
3116000 usd
CY2022 us-gaap Revenues
Revenues
311927000 usd
CY2022 us-gaap Depreciation And Amortization
DepreciationAndAmortization
88260000 usd
CY2022 us-gaap Selling Expense
SellingExpense
20833000 usd
CY2022 us-gaap Production Related Impairments Or Charges
ProductionRelatedImpairmentsOrCharges
21849000 usd
CY2022 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
92530000 usd
CY2022 us-gaap Equipment Expense
EquipmentExpense
14415000 usd
CY2022 us-gaap Interest Expense
InterestExpense
66743000 usd
CY2022 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
2558000 usd
CY2022 wlfc Finance Costs Net
FinanceCostsNet
64185000 usd
CY2022 us-gaap Costs And Expenses
CostsAndExpenses
302072000 usd
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
9855000 usd
CY2021 us-gaap Interest Income Operating
InterestIncomeOperating
12938000 usd
CY2021 us-gaap Gain Loss On Sale Of Leased Assets Net Operating Leases
GainLossOnSaleOfLeasedAssetsNetOperatingLeases
5975000 usd
CY2021 us-gaap Gain Loss On Sale Of Notes Receivable
GainLossOnSaleOfNotesReceivable
10874000 usd
CY2021 us-gaap Revenues
Revenues
274202000 usd
CY2021 us-gaap Depreciation And Amortization
DepreciationAndAmortization
90504000 usd
CY2021 us-gaap Selling Expense
SellingExpense
14927000 usd
CY2021 us-gaap Production Related Impairments Or Charges
ProductionRelatedImpairmentsOrCharges
7715000 usd
CY2021 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
75350000 usd
CY2021 us-gaap Equipment Expense
EquipmentExpense
9381000 usd
CY2021 us-gaap Interest Expense
InterestExpense
67985000 usd
CY2021 wlfc Finance Costs Net
FinanceCostsNet
67985000 usd
CY2021 us-gaap Costs And Expenses
CostsAndExpenses
265862000 usd
CY2021 us-gaap Operating Income Loss
OperatingIncomeLoss
8340000 usd
CY2022Q4 us-gaap Assets
Assets
2575217000 usd
CY2021Q4 us-gaap Assets
Assets
2462927000 usd

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exhibit211subsidiariesofth.htm Edgar Link pending
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