$WLFC
WILLIS LEASE FINANCE CORP

2023 Q3 Form 10-Q Financial Statement

#000101816423000017 Filed on August 04, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2 2022 Q2
Revenue $105.7M $109.0M $78.08M
YoY Change 37.53% 39.6% 17.46%
Cost Of Revenue $2.000M $3.058M $7.014M
YoY Change -52.43% -56.4% 113.97%
Gross Profit $103.7M $105.9M $71.06M
YoY Change 42.67% 49.08% 12.45%
Gross Profit Margin 98.07% 97.19% 91.02%
Selling, General & Admin $36.02M $41.39M $27.44M
YoY Change 33.44% 50.81% 20.48%
% of Gross Profit 34.73% 39.07% 38.62%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $23.09M $22.49M $21.61M
YoY Change 4.66% 4.08% -7.57%
% of Gross Profit 22.26% 21.23% 30.41%
Operating Expenses $36.02M $41.39M $27.44M
YoY Change 33.44% 50.81% 20.48%
Operating Profit $20.00M $19.44M $9.485M
YoY Change 128.73% 104.98% -907.92%
Interest Expense $19.05M $19.09M $16.02M
YoY Change 16.85% 19.11% -5.67%
% of Operating Profit 95.27% 98.16% 168.93%
Other Income/Expense, Net
YoY Change
Pretax Income $20.34M $18.97M $10.95M
YoY Change 143.38% 73.16% -689.24%
Income Tax $5.700M $5.200M $5.000M
% Of Pretax Income 28.02% 27.41% 45.65%
Net Earnings $14.62M $13.82M $5.908M
YoY Change 128.8% 133.85% 10086.21%
Net Earnings / Revenue 13.82% 12.68% 7.57%
Basic Earnings Per Share $2.16 $2.04 $0.83
Diluted Earnings Per Share $2.13 $2.02 $0.81
COMMON SHARES
Basic Shares Outstanding 6.367M shares 6.353M shares 6.129M shares
Diluted Shares Outstanding 6.466M shares 6.442M shares 6.246M shares

Balance Sheet

Concept 2023 Q3 2023 Q2 2022 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.400M $5.918M $12.86M
YoY Change -54.68% -53.97% -21.86%
Cash & Equivalents $5.372M $5.918M $12.86M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $45.50M $41.76M $43.40M
Prepaid Expenses
Receivables $46.30M $52.26M $40.47M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $97.20M $99.94M $96.73M
YoY Change -5.96% 3.32% -16.86%
LONG-TERM ASSETS
Property, Plant & Equipment $2.208B $2.199B $1.990B
YoY Change 4.49% 10.48% 6290.06%
Goodwill
YoY Change
Intangibles $1.100M $1.158M
YoY Change -5.01% -4.85%
Long-Term Investments $53.86M $53.72M $55.34M
YoY Change -0.78% -2.94% 4.54%
Other Assets $51.30M $51.81M $65.36M
YoY Change -30.04% -20.74% -71.1%
Total Long-Term Assets $2.505B $2.504B $2.300B
YoY Change 2.73% 8.89% -6.84%
TOTAL ASSETS
Total Short-Term Assets $97.20M $99.94M $96.73M
Total Long-Term Assets $2.505B $2.504B $2.300B
Total Assets $2.602B $2.604B $2.396B
YoY Change 2.37% 8.66% -7.3%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $43.00M $41.93M $26.18M
YoY Change 45.8% 60.13% -24.55%
Accrued Expenses
YoY Change
Deferred Revenue $24.70M $19.80M
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $66.50M $64.46M $44.22M
YoY Change 34.61% 45.76% -20.0%
LONG-TERM LIABILITIES
Long-Term Debt $1.788B $1.827B $1.732B
YoY Change -3.44% 5.5% -9.38%
Other Long-Term Liabilities $122.9M $107.5M $68.22M
YoY Change 72.24% 57.59% -19.21%
Total Long-Term Liabilities $1.911B $1.935B $1.800B
YoY Change -0.63% 7.47% -9.8%
TOTAL LIABILITIES
Total Short-Term Liabilities $66.50M $64.46M $44.22M
Total Long-Term Liabilities $1.911B $1.935B $1.800B
Total Liabilities $2.120B $2.137B $1.972B
YoY Change 0.84% 8.38% -9.0%
SHAREHOLDERS EQUITY
Retained Earnings $387.7M $374.0M $338.4M
YoY Change 12.72% 10.5% -3.97%
Common Stock $69.00K $68.00K $63.00K
YoY Change 4.55% 7.94% -5.97%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $431.9M $417.2M $374.9M
YoY Change
Total Liabilities & Shareholders Equity $2.602B $2.604B $2.396B
YoY Change 2.37% 8.66% -7.3%

Cashflow Statement

Concept 2023 Q3 2023 Q2 2022 Q2
OPERATING ACTIVITIES
Net Income $14.62M $13.82M $5.908M
YoY Change 128.8% 133.85% 10086.21%
Depreciation, Depletion And Amortization $23.09M $22.49M $21.61M
YoY Change 4.66% 4.08% -7.57%
Cash From Operating Activities $70.50M $46.62M $29.45M
YoY Change 187.43% 58.32% 45.64%
INVESTING ACTIVITIES
Capital Expenditures $31.70M $57.73M -$59.20M
YoY Change -122.35% -197.52% 56.02%
Acquisitions
YoY Change
Other Investing Activities $2.700M $18.97M $56.75M
YoY Change -60.26% -66.58% 2946.27%
Cash From Investing Activities -$29.10M -$38.76M -$2.447M
YoY Change -78.45% 1484.06% -93.2%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -40.80M -17.35M -36.14M
YoY Change -134.56% -52.0% -120.05%
NET CHANGE
Cash From Operating Activities 70.50M 46.62M 29.45M
Cash From Investing Activities -29.10M -38.76M -2.447M
Cash From Financing Activities -40.80M -17.35M -36.14M
Net Change In Cash 600.0K -9.493M -9.140M
YoY Change -92.05% 3.86% -105.56%
FREE CASH FLOW
Cash From Operating Activities $70.50M $46.62M $29.45M
Capital Expenditures $31.70M $57.73M -$59.20M
Free Cash Flow $38.80M -$11.11M $88.64M
YoY Change -76.67% -112.54% 52.41%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2022 us-gaap Accounting Standards Update Extensible List
AccountingStandardsUpdateExtensibleList
http://fasb.org/us-gaap/2023#AccountingStandardsUpdate201613Member
CY2023Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1100000 usd
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1129000 usd
CY2023Q2 us-gaap Sales Type Lease Net Investment In Lease
SalesTypeLeaseNetInvestmentInLease
5827000 usd
CY2022Q4 us-gaap Sales Type Lease Net Investment In Lease
SalesTypeLeaseNetInvestmentInLease
6440000 usd
CY2023Q2 us-gaap Stock Issued During Period Value Share Based Compensation Forfeited
StockIssuedDuringPeriodValueShareBasedCompensationForfeited
5620000 usd
CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3862000 usd
CY2023Q2 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
21000 usd
CY2023Q2 us-gaap Preferred Stock Dividends Per Share Cash Paid
PreferredStockDividendsPerShareCashPaid
0.32
CY2023Q2 us-gaap Dividends Preferred Stock
DividendsPreferredStock
811000 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
417167000 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
371007000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
5908000 usd
CY2022Q2 us-gaap Other Comprehensive Income Foreign Currency Translation Adjustment Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent
-202000 usd
CY2022Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-698000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTaxParent
961000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
3302000 usd
CY2022Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
3338000 usd
CY2022Q2 us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
0 usd
CY2022Q2 us-gaap Stock Issued During Period Value Share Based Compensation Forfeited
StockIssuedDuringPeriodValueShareBasedCompensationForfeited
3496000 usd
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3041000 usd
CY2022Q2 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
21000 usd
CY2022Q2 us-gaap Preferred Stock Dividends Per Share Cash Paid
PreferredStockDividendsPerShareCashPaid
0.32
CY2022Q2 us-gaap Dividends Preferred Stock
DividendsPreferredStock
811000 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
374894000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
404688000 usd
us-gaap Net Income Loss
NetIncomeLoss
18210000 usd
us-gaap Other Comprehensive Income Foreign Currency Translation Adjustment Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent
154000 usd
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-541000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTaxParent
-1355000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
-4808000 usd
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
0 usd
us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
42000 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
417167000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
375885000 usd
us-gaap Net Income Loss
NetIncomeLoss
-15293000 usd
us-gaap Other Comprehensive Income Foreign Currency Translation Adjustment Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent
-191000 usd
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-657000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTaxParent
5051000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
17454000 usd
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
5180000 usd
us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
165000 usd
us-gaap Stock Issued During Period Value Share Based Compensation Forfeited
StockIssuedDuringPeriodValueShareBasedCompensationForfeited
3496000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
7670000 usd
us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
42000 usd
us-gaap Preferred Stock Dividends Per Share Cash Paid
PreferredStockDividendsPerShareCashPaid
0.64
us-gaap Dividends Preferred Stock
DividendsPreferredStock
1612000 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
374894000 usd
us-gaap Net Income Loss
NetIncomeLoss
18210000 usd
us-gaap Net Income Loss
NetIncomeLoss
-15293000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
45043000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
43421000 usd
us-gaap Production Related Impairments Or Charges
ProductionRelatedImpairmentsOrCharges
1671000 usd
us-gaap Production Related Impairments Or Charges
ProductionRelatedImpairmentsOrCharges
21195000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
7670000 usd
us-gaap Amortization Of Deferred Charges
AmortizationOfDeferredCharges
2724000 usd
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
296000 usd
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
400000 usd
us-gaap Gain Loss On Sale Of Leased Assets Net Operating Leases
GainLossOnSaleOfLeasedAssetsNetOperatingLeases
4328000 usd
us-gaap Gain Loss On Sale Of Leased Assets Net Operating Leases
GainLossOnSaleOfLeasedAssetsNetOperatingLeases
2796000 usd
us-gaap Gain Loss On Sale Of Notes Receivable
GainLossOnSaleOfNotesReceivable
0 usd
us-gaap Gain Loss On Sale Of Notes Receivable
GainLossOnSaleOfNotesReceivable
3116000 usd
us-gaap Proceeds From Lease Payments
ProceedsFromLeasePayments
608000 usd
us-gaap Proceeds From Lease Payments
ProceedsFromLeasePayments
0 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-1635000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-1147000 usd
us-gaap Gain On Business Interruption Insurance Recovery
GainOnBusinessInterruptionInsuranceRecovery
761000 usd
us-gaap Gain On Business Interruption Insurance Recovery
GainOnBusinessInterruptionInsuranceRecovery
0 usd
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-6876000 usd
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
1792000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
10608000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1249000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
2925000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-8684000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
3428000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
2576000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
6613000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-46000 usd
wlfc Increase Decrease In Maintenance Reserves
IncreaseDecreaseInMaintenanceReserves
15219000 usd
wlfc Increase Decrease In Maintenance Reserves
IncreaseDecreaseInMaintenanceReserves
-1266000 usd
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
2038000 usd
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
-81000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
12805000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
796000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
98487000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
57765000 usd
us-gaap Proceeds From Sale Of Machinery And Equipment
ProceedsFromSaleOfMachineryAndEquipment
47657000 usd
us-gaap Proceeds From Sale Of Notes Receivable
ProceedsFromSaleOfNotesReceivable
0 usd
us-gaap Proceeds From Sale Of Notes Receivable
ProceedsFromSaleOfNotesReceivable
40705000 usd
us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
15397000 usd
us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
15270000 usd
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
1717000 usd
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
2118000 usd
us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
2189000 usd
us-gaap Payments To Acquire Equipment On Lease
PaymentsToAcquireEquipmentOnLease
111447000 usd
us-gaap Payments To Acquire Equipment On Lease
PaymentsToAcquireEquipmentOnLease
81336000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-103044000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-8749000 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
109000000 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
59000000 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
131383000 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
119685000 usd
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
177000 usd
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
165000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
5620000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3496000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
5180000 usd
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
1621000 usd
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
1621000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-70817000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-21801000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
73840000 usd
us-gaap Interest Paid Net
InterestPaidNet
31269000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
879000 usd
wlfc Transfers From Equipment Held For Operating Lease To Other Asset
TransfersFromEquipmentHeldForOperatingLeaseToOtherAsset
0 usd
wlfc Transfers From Equipment Held For Operating Lease To Other Asset
TransfersFromEquipmentHeldForOperatingLeaseToOtherAsset
7025000 usd
wlfc Transfers From Equipment Held For Operating Lease To Spare Parts Inventory
TransfersFromEquipmentHeldForOperatingLeaseToSparePartsInventory
261000 usd
us-gaap Transfer Of Portfolio Loans And Leases To Held For Sale1
TransferOfPortfolioLoansAndLeasesToHeldForSale1
1746000 usd
us-gaap Transfer Of Portfolio Loans And Leases To Held For Sale1
TransferOfPortfolioLoansAndLeasesToHeldForSale1
4749000 usd
wlfc Accrued Preferred Stock Dividends
AccruedPreferredStockDividends
9000 usd
wlfc Accrued Preferred Stock Dividends
AccruedPreferredStockDividends
9000 usd
CY2023Q2 us-gaap Revenues
Revenues
108996000 usd
CY2022Q2 us-gaap Gain Loss On Sale Of Leased Assets Net Operating Leases
GainLossOnSaleOfLeasedAssetsNetOperatingLeases
498000 usd
CY2022Q2 us-gaap Gain Loss On Sale Of Notes Receivable
GainLossOnSaleOfNotesReceivable
3116000 usd
CY2022Q2 us-gaap Revenues
Revenues
78075000 usd
us-gaap Interest Income Operating
InterestIncomeOperating
4304000 usd
us-gaap Gain Loss On Sale Of Leased Assets Net Operating Leases
GainLossOnSaleOfLeasedAssetsNetOperatingLeases
4328000 usd
us-gaap Revenues
Revenues
198531000 usd
us-gaap Interest Income Operating
InterestIncomeOperating
3978000 usd
us-gaap Gain Loss On Sale Of Leased Assets Net Operating Leases
GainLossOnSaleOfLeasedAssetsNetOperatingLeases
2796000 usd
us-gaap Gain Loss On Sale Of Notes Receivable
GainLossOnSaleOfNotesReceivable
3116000 usd
us-gaap Revenues
Revenues
146892000 usd
CY2023Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
19800000 usd
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
6300000 usd
CY2023Q2 wlfc Equipment Held For Operating Lease
EquipmentHeldForOperatingLease
2161700000 usd
CY2023Q2 us-gaap Long Term Accounts Notes And Loans Receivable Net Noncurrent
LongTermAccountsNotesAndLoansReceivableNetNoncurrent
95000000 usd
CY2023Q2 wlfc Maintenance Rights
MaintenanceRights
14000000 usd
CY2023Q2 us-gaap Sales Type Lease Net Investment In Lease
SalesTypeLeaseNetInvestmentInLease
5800000 usd
CY2023Q2 wlfc Number Of Leased Assets
NumberOfLeasedAssets
348 engine
CY2023Q2 wlfc Number Of Leased Assets
NumberOfLeasedAssets
12 aircraft
CY2023Q2 wlfc Number Of Leased Assets
NumberOfLeasedAssets
1 marine_vessel
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
wlfc Income Loss From Equity Method Investments Excluding Amortization On Deferred Gains
IncomeLossFromEquityMethodInvestmentsExcludingAmortizationOnDeferredGains
-1635000 usd
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-695000 usd
wlfc Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax Joint Venture
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTaxJointVenture
-143000 usd
CY2023Q2 us-gaap Equity Method Investments
EquityMethodInvestments
53716000 usd
CY2023Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1839706000 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1862089000 usd
CY2023Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
12685000 usd
CY2022Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
14811000 usd
CY2023Q2 us-gaap Long Term Debt
LongTermDebt
1827021000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
1847278000 usd
CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
38474000 usd
CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
818278000 usd
CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
59043000 usd
CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
266375000 usd
CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
182435000 usd
CY2023Q2 wlfc Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
475101000 usd
CY2023Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1839706000 usd
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5200000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7600000 usd
CY2023Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.272
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.294
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5000000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1500000 usd
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.461
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.088
CY2023Q2 us-gaap Notes Receivable Fair Value Disclosure
NotesReceivableFairValueDisclosure
88000000 usd
CY2022Q4 us-gaap Notes Receivable Fair Value Disclosure
NotesReceivableFairValueDisclosure
83500000 usd
CY2023Q2 wlfc Investment In Sales Type Leases Fair Value Disclosure
InvestmentInSalesTypeLeasesFairValueDisclosure
5800000 usd
CY2022Q4 wlfc Investment In Sales Type Leases Fair Value Disclosure
InvestmentInSalesTypeLeasesFairValueDisclosure
6400000 usd
CY2023Q2 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
1519800000 usd
CY2022Q4 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
1540200000 usd
CY2023Q2 wlfc Gain Loss On Equipment Held For Lease
GainLossOnEquipmentHeldForLease
1621000 usd
CY2022Q2 wlfc Gain Loss On Equipment Held For Lease
GainLossOnEquipmentHeldForLease
0 usd
wlfc Gain Loss On Equipment Held For Lease
GainLossOnEquipmentHeldForLease
1621000 usd
wlfc Gain Loss On Equipment Held For Lease
GainLossOnEquipmentHeldForLease
21117000 usd
CY2023Q2 wlfc Gain Loss On Equipment Held For Sale
GainLossOnEquipmentHeldForSale
50000 usd
CY2022Q2 wlfc Gain Loss On Equipment Held For Sale
GainLossOnEquipmentHeldForSale
78000 usd
wlfc Gain Loss On Equipment Held For Sale
GainLossOnEquipmentHeldForSale
50000 usd
wlfc Gain Loss On Equipment Held For Sale
GainLossOnEquipmentHeldForSale
78000 usd
CY2023Q2 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
1671000 usd
CY2022Q2 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
78000 usd
us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
1671000 usd
us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
21195000 usd
wlfc Number Of Assets Impaired
NumberOfAssetsImpaired
3 engine
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
200000 shares
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3041000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-16947000 usd
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6040000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6040000 shares
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.81
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.81
CY2022Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
60000000 usd
CY2023Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3862000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6799000 usd
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2023Q2 us-gaap Interest Income Operating
InterestIncomeOperating
2258000 usd
CY2023Q2 us-gaap Gain Loss On Sale Of Leased Assets Net Operating Leases
GainLossOnSaleOfLeasedAssetsNetOperatingLeases
4461000 usd
CY2023Q2 us-gaap Revenues
Revenues
108996000 usd
CY2023Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
22494000 usd
CY2023Q2 us-gaap Selling Expense
SellingExpense
3058000 usd
CY2023Q2 us-gaap Production Related Impairments Or Charges
ProductionRelatedImpairmentsOrCharges
1671000 usd
CY2023Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
38327000 usd
CY2023Q2 us-gaap Equipment Expense
EquipmentExpense
4919000 usd
CY2023Q2 us-gaap Interest Expense
InterestExpense
19085000 usd
CY2023Q2 us-gaap Interest And Debt Expense
InterestAndDebtExpense
19085000 usd
CY2023Q2 us-gaap Costs And Expenses
CostsAndExpenses
89554000 usd
CY2023Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
19442000 usd
CY2022Q2 us-gaap Interest Income Operating
InterestIncomeOperating
1865000 usd
CY2022Q2 us-gaap Gain Loss On Sale Of Leased Assets Net Operating Leases
GainLossOnSaleOfLeasedAssetsNetOperatingLeases
498000 usd
CY2022Q2 us-gaap Gain Loss On Sale Of Notes Receivable
GainLossOnSaleOfNotesReceivable
3116000 usd
CY2022Q2 us-gaap Revenues
Revenues
78075000 usd
CY2022Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
21612000 usd
CY2022Q2 us-gaap Selling Expense
SellingExpense
7014000 usd
CY2022Q2 us-gaap Interest And Debt Expense
InterestAndDebtExpense
16023000 usd
us-gaap Revenues
Revenues
198531000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
45043000 usd
us-gaap Selling Expense
SellingExpense
7557000 usd
us-gaap Production Related Impairments Or Charges
ProductionRelatedImpairmentsOrCharges
1671000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
71598000 usd
us-gaap Equipment Expense
EquipmentExpense
7748000 usd
us-gaap Interest Expense
InterestExpense
37474000 usd
us-gaap Interest And Debt Expense
InterestAndDebtExpense
37474000 usd
us-gaap Costs And Expenses
CostsAndExpenses
171091000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
27440000 usd
us-gaap Interest Income Operating
InterestIncomeOperating
3978000 usd
us-gaap Gain Loss On Sale Of Leased Assets Net Operating Leases
GainLossOnSaleOfLeasedAssetsNetOperatingLeases
2796000 usd
us-gaap Gain Loss On Sale Of Notes Receivable
GainLossOnSaleOfNotesReceivable
3116000 usd
us-gaap Revenues
Revenues
146892000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
43421000 usd
us-gaap Selling Expense
SellingExpense
11876000 usd
us-gaap Production Related Impairments Or Charges
ProductionRelatedImpairmentsOrCharges
21195000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
44032000 usd
us-gaap Equipment Expense
EquipmentExpense
9082000 usd
us-gaap Interest Expense
InterestExpense
32906000 usd
us-gaap Interest And Debt Expense
InterestAndDebtExpense
32906000 usd
us-gaap Costs And Expenses
CostsAndExpenses
162512000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-15620000 usd
CY2023Q2 us-gaap Assets
Assets
2603956000 usd
CY2022Q4 us-gaap Assets
Assets
2575217000 usd
CY2023Q1 wlfc Number Of Hangars
NumberOfHangars
1 hangar

Files In Submission

Name View Source Status
0001018164-23-000017-index-headers.html Edgar Link pending
0001018164-23-000017-index.html Edgar Link pending
0001018164-23-000017.txt Edgar Link pending
0001018164-23-000017-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
wlfc-20230630.htm Edgar Link pending
wlfc-20230630.xsd Edgar Link pending
wlfc-6302023x10qxexx311.htm Edgar Link pending
wlfc-6302023x10qxexx312.htm Edgar Link pending
wlfc-6302023x10qxexx32.htm Edgar Link pending
wlfc-20230630_def.xml Edgar Link unprocessable
wlfc-20230630_lab.xml Edgar Link unprocessable
wlfc-20230630_pre.xml Edgar Link unprocessable
wlfc-20230630_htm.xml Edgar Link completed
wlfc-20230630_cal.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable