2011 Q4 Form 10-K Financial Statement

#000110465913021812 Filed on March 18, 2013

View on sec.gov

Income Statement

Concept 2011 Q4 2010 Q4 2010 Q3
Revenue $37.67M $39.63M $40.19M
YoY Change -4.96% 2.15% -7.82%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $12.30M $10.70M $9.300M
YoY Change 14.95% 15.05% -3.13%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $12.60M $12.60M $13.00M
YoY Change 0.0% 6.78% 8.33%
% of Gross Profit
Operating Expenses $24.80M $23.30M $22.30M
YoY Change 6.44% 10.43% 3.24%
Operating Profit
YoY Change
Interest Expense -$7.800M -$9.300M -$10.00M
YoY Change -16.13% -1.06% 12.36%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $3.700M $6.800M $5.200M
YoY Change -45.59% 30.77% -52.73%
Income Tax $0.00 $2.800M $2.100M
% Of Pretax Income 0.0% 41.18% 40.38%
Net Earnings $3.648M $4.010M $3.083M
YoY Change -9.03% 301.0% -66.85%
Net Earnings / Revenue 9.68% 10.12% 7.67%
Basic Earnings Per Share $0.34 $0.37 $0.27
Diluted Earnings Per Share $0.33 $0.35 $0.25
COMMON SHARES
Basic Shares Outstanding 8.425M shares 8.654M shares 8.683M shares
Diluted Shares Outstanding 8.758M shares 9.199M shares 9.080M shares

Balance Sheet

Concept 2011 Q4 2010 Q4 2010 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.400M $2.200M $2.000M
YoY Change 190.91% 4.76% -94.46%
Cash & Equivalents $6.440M $2.225M $2.000M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $8.400M $8.900M $5.400M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $14.80M $11.10M $7.400M
YoY Change 33.33% 40.51% -83.37%
LONG-TERM ASSETS
Property, Plant & Equipment $6.901M $1.005B $947.8M
YoY Change -99.31% 2.12% 2.1%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $15.24M $9.381M $10.80M
YoY Change 62.45% -12.33% 2.86%
Other Assets $96.90M $84.40M $103.6M
YoY Change 14.81% 14.21% 17.33%
Total Long-Term Assets $1.118B $1.115B $1.078B
YoY Change 0.31% 2.3% 2.83%
TOTAL ASSETS
Total Short-Term Assets $14.80M $11.10M $7.400M
Total Long-Term Assets $1.118B $1.115B $1.078B
Total Assets $1.133B $1.126B $1.085B
YoY Change 0.64% 2.58% -0.68%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $16.80M $18.10M $11.40M
YoY Change -7.18% 25.69% -46.98%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $23.10M $23.80M $16.80M
YoY Change -2.94% 19.6% -36.84%
LONG-TERM LIABILITIES
Long-Term Debt $718.1M $731.6M $705.3M
YoY Change -1.85% 0.74% -1.16%
Other Long-Term Liabilities $70.60M $67.90M $72.50M
YoY Change 3.98% 10.05% -0.14%
Total Long-Term Liabilities $788.7M $799.5M $777.8M
YoY Change -1.35% 1.47% -1.07%
TOTAL LIABILITIES
Total Short-Term Liabilities $23.10M $23.80M $16.80M
Total Long-Term Liabilities $788.7M $799.5M $777.8M
Total Liabilities $896.5M $899.0M $864.5M
YoY Change -0.27% 2.52% -1.28%
SHAREHOLDERS EQUITY
Retained Earnings $156.7M
YoY Change
Common Stock $91.00K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $236.3M $226.6M $221.0M
YoY Change
Total Liabilities & Shareholders Equity $1.133B $1.126B $1.085B
YoY Change 0.64% 2.58% -0.68%

Cashflow Statement

Concept 2011 Q4 2010 Q4 2010 Q3
OPERATING ACTIVITIES
Net Income $3.648M $4.010M $3.083M
YoY Change -9.03% 301.0% -66.85%
Depreciation, Depletion And Amortization $12.60M $12.60M $13.00M
YoY Change 0.0% 6.78% 8.33%
Cash From Operating Activities $20.40M $39.10M -$7.700M
YoY Change -47.83% 123.43% -129.73%
INVESTING ACTIVITIES
Capital Expenditures -$51.60M -$66.30M -$6.000M
YoY Change -22.17% 4.74% -87.37%
Acquisitions
YoY Change
Other Investing Activities $2.600M $4.500M $27.20M
YoY Change -42.22% -2.17% 58.14%
Cash From Investing Activities -$49.10M -$61.80M $21.20M
YoY Change -20.55% 5.28% -169.97%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 29.10M 23.00M -13.20M
YoY Change 26.52% 219.44% -1042.86%
NET CHANGE
Cash From Operating Activities 20.40M 39.10M -7.700M
Cash From Investing Activities -49.10M -61.80M 21.20M
Cash From Financing Activities 29.10M 23.00M -13.20M
Net Change In Cash 400.0K 300.0K 300.0K
YoY Change 33.33% -100.88% -110.0%
FREE CASH FLOW
Cash From Operating Activities $20.40M $39.10M -$7.700M
Capital Expenditures -$51.60M -$66.30M -$6.000M
Free Cash Flow $72.00M $105.4M -$1.700M
YoY Change -31.69% 30.45% -102.32%

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CY2012 us-gaap Transfer Of Portfolio Loans And Leases To Held For Sale1
TransferOfPortfolioLoansAndLeasesToHeldForSale1
22935000 USD
CY2011 us-gaap Transfer Of Portfolio Loans And Leases To Held For Sale1
TransferOfPortfolioLoansAndLeasesToHeldForSale1
17067000 USD
CY2010 us-gaap Transfer Of Portfolio Loans And Leases To Held For Sale1
TransferOfPortfolioLoansAndLeasesToHeldForSale1
70000000 USD
CY2012 dei Entity Registrant Name
EntityRegistrantName
WILLIS LEASE FINANCE CORP
CY2012 dei Entity Central Index Key
EntityCentralIndexKey
0001018164
CY2012 dei Document Type
DocumentType
10-K
CY2012 dei Document Period End Date
DocumentPeriodEndDate
2012-12-31
CY2012 dei Amendment Flag
AmendmentFlag
false
CY2012 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2012 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2012 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
CY2012 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2012 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2013Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
8692743 shares
CY2012 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2012 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2012Q2 dei Entity Public Float
EntityPublicFloat
74900000 USD
CY2010 wlfc Shares Issued During Period Value Stock Compensation Plans
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1269000 USD
CY2010 wlfc Cancellation Of Restricted Stock Units In Satisfaction Of Withholding Tax
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776000 USD
CY2010 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2678000 USD
CY2010 wlfc Adjustments To Additional Paid In Capital Tax Benefit On Disqualified Dispositions Of Shares
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422000 USD
CY2010 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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-2182000 USD
CY2010 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
9868000 USD
CY2010 us-gaap Stock Repurchased During Period Value
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4156000 USD
CY2011 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
16086000 USD
CY2011 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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1578000 USD
CY2011 wlfc Adjustments To Additional Paid In Capital Tax Benefit On Disqualified Dispositions Of Shares
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779000 USD
CY2011 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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3173000 USD
CY2011 wlfc Cancellation Of Restricted Stock Units In Satisfaction Of Withholding Tax
CancellationOfRestrictedStockUnitsInSatisfactionOfWithholdingTax
968000 USD
CY2011 wlfc Shares Issued During Period Value Stock Compensation Plans
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672000 USD
CY2011 wlfc Employee Service Share Based Compensation Equity Effect Cash Used To Settle Awards
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1262000 USD
CY2011 us-gaap Stock Repurchased During Period Value
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5661000 USD
CY2012 us-gaap Comprehensive Income Net Of Tax
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9196000 USD
CY2012 us-gaap Dividends Preferred Stock
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2493000 USD
CY2012 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
12736000 USD
CY2012 wlfc Shares Issued During Period Value Stock Compensation Plans
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1725000 USD
CY2012 wlfc Cancellation Of Restricted Stock Units In Satisfaction Of Withholding Tax
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1194000 USD
CY2012 us-gaap Unrealized Gain Loss On Derivatives
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CY2012 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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3144000 USD
CY2012 wlfc Other Comprehensive Income Loss Reclassification Adjustment On Termination Of Derivatives Before Tax
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10143000 USD
CY2012 us-gaap Other Comprehensive Income Loss Reclassification Adjustment On Derivatives Included In Net Income Before Tax
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6427000 USD
CY2012 us-gaap Derivative Instruments Gain Recognized In Other Comprehensive Income Effective Portion
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12259000 USD
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-1242000 USD
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838000 USD
CY2012 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
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4598000 USD
CY2012Q4 wlfc Cash From Maintenance Reserve Payments Required To Be Held In Restricted Cash Account
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9000000 USD
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
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8490000 shares
CY2012 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
301000 shares
CY2011 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
453000 shares
CY2010 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
570000 shares
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8791000 shares
CY2010 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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4000 shares
CY2012 wlfc Equity Method Investments Number
EquityMethodInvestmentsNumber
2 item
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0.50 pure
CY2010Q4 us-gaap Proceeds From Sale Of Equity Method Investments
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3500000 USD
CY2012 wlfc Amortization Of Lease Acquisition Costs
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1600000 USD
CY2011 wlfc Amortization Of Lease Acquisition Costs
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1400000 USD
CY2010 wlfc Amortization Of Lease Acquisition Costs
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1600000 USD
CY2012 wlfc Gain Loss On Equipment Held For Sale
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-5874000 USD
CY2011 wlfc Gain Loss On Equipment Held For Sale
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-2306000 USD
CY2012 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
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-5874000 USD
CY2011 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
-3341000 USD
CY2012Q4 us-gaap Property Subject To Or Available For Operating Lease Net
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961459000 USD
CY2012 us-gaap Use Of Estimates
UseOfEstimates
<div style='font-size:10.0pt;FONT-FAMILY: Times New Roman;'> <p style="MARGIN: 0in 0in 0pt 0.75in; TEXT-INDENT: -0.25in"><i><font style="FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: Times New Roman" size="2">(m)</font></i><i><font style="FONT-SIZE: 3pt; FONT-STYLE: italic" size="1">&#160;&#160;&#160;&#160;&#160;&#160;</font></i> <i><font style="FONT-SIZE: 10pt; FONT-STYLE: italic" size="2">Management</font></i> <i><font style="FONT-SIZE: 10pt; FONT-STYLE: italic" size="2">Estimates</font></i></p> <p style="MARGIN: 0in 0in 0pt 0.75in; TEXT-INDENT: -0.25in"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">&#160;</font></p> <p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">These financial statements have been prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States.</font></p> <p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">&#160;</font></p> <p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">The preparation of consolidated financial statements requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent assets and liabilities. On an ongoing basis, we evaluate our estimates, including those related to residual values, estimated asset lives, impairments and bad debts. We base our estimates 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.</font></p> <p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">&#160;</font></p> <p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">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.</font></p> <p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">&#160;</font></p> <p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">If the useful lives or residual values are lower than those estimated by us, 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.</font></p></div>
CY2012 us-gaap Derivatives Methods Of Accounting Hedging Derivatives
DerivativesMethodsOfAccountingHedgingDerivatives
<div style='font-size:10.0pt;FONT-FAMILY: Times New Roman;'> <p style="MARGIN: 0in 0in 0pt 55pt; TEXT-INDENT: -20pt"><i><font style="FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: Times New Roman" size="2">(g)</font></i><i><font style="FONT-SIZE: 3pt; FONT-STYLE: italic" size="1">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></i> <i><font style="FONT-SIZE: 10pt; FONT-STYLE: italic" size="2">Interest Rate Hedging</font></i></p> <p style="MARGIN: 0in 0in 0pt 55pt; TEXT-INDENT: -20pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">&#160;</font></p> <p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">We have entered into various derivative instruments to mitigate our exposure on our variable rate borrowings. The derivative instruments are fixed-rate interest swaps and are recorded at fair value as either an asset or liability.</font></p> <p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">&#160;</font></p> <p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 35pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">While substantially all our derivative transactions are entered into for the purposes described above, hedge accounting is only applied where 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&#8217;s effectiveness is assessed utilizing regression analysis at the inception of the hedge and on at least a quarterly basis throughout its life. All of the transactions that we have 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.</font></p></div>
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220793000 USD
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StockholdersEquity
226970000 USD
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OperatingLeasesIncomeStatementLeaseRevenueNet
21845000 USD
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OperatingLeasesIncomeStatementLeaseRevenueNet
33643000 USD
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OperatingLeasesIncomeStatementLeaseRevenueNet
36335000 USD
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PropertySubjectToOrAvailableForOperatingLeaseNet
998001000 USD
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OperatingLeasesFutureMinimumPaymentsReceivableCurrent
56492000 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
38655000 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Three Years
OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears
30436000 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Four Years
OperatingLeasesFutureMinimumPaymentsReceivableInFourYears
23172000 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Five Years
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14620000 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Receivable Thereafter
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18133000 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Receivable
OperatingLeasesFutureMinimumPaymentsReceivable
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CY2012 wlfc Notes Receivable From Number Of Lessees
NotesReceivableFromNumberOfLessees
1 lessee
CY2012 wlfc Number Of Aircraft Leased
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2 aircraft
CY2012 wlfc Number Of Engines Leased
NumberOfEnginesLeased
1 engine
CY2012 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2010 wlfc Number Of Engines Sold To Investor Group
NumberOfEnginesSoldToInvestorGroup
4 engine
CY2011 wlfc Number Of Engines Sold To Investor Group
NumberOfEnginesSoldToInvestorGroup
3 engine
CY2010 wlfc Proceeds From Sale Of Engines To Investor Group
ProceedsFromSaleOfEnginesToInvestorGroup
32900000 USD
CY2011 wlfc Proceeds From Sale Of Engines To Investor Group
ProceedsFromSaleOfEnginesToInvestorGroup
29000000 USD
CY2012 wlfc Revenue Recognition Number Of Deliverables
RevenueRecognitionNumberOfDeliverables
2 deliverable
CY2010 wlfc Gain On Sale Of Engines To Investor Group
GainOnSaleOfEnginesToInvestorGroup
7200000 USD
CY2011 wlfc Gain On Sale Of Engines To Investor Group
GainOnSaleOfEnginesToInvestorGroup
5000000 USD
CY2012Q4 wlfc Operating Leases Lease Rent Receivable Over Thirty Days Past Due
OperatingLeasesLeaseRentReceivableOverThirtyDaysPastDue
2900000 USD
CY2012Q4 wlfc Maintenance Reserve Payments Receivable Over Thirty Days Past Due
MaintenanceReservePaymentsReceivableOverThirtyDaysPastDue
2700000 USD
CY2011 wlfc Gain Loss On Equipment Held For Operating Lease
GainLossOnEquipmentHeldForOperatingLease
-1035000 USD
CY2012 us-gaap Production Related Impairments Or Charges
ProductionRelatedImpairmentsOrCharges
5874000 USD
CY2012Q4 wlfc One Month Libor Rate At Period End
OneMonthLIBORRateAtPeriodEnd
0.0021 pure
CY2012Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
19237000 USD
CY2012Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
36160000 USD
CY2012Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
20934000 USD
CY2012Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
304215000 USD
CY2012Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
29373000 USD
CY2012Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
287069000 USD
CY2012Q4 wlfc Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Unearned Lease Revenue
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsUnearnedLeaseRevenue
1550000 USD
CY2011 wlfc Income Tax Reconciliation Permanent Differences Relating To Irs Section162m
IncomeTaxReconciliationPermanentDifferencesRelatingToIRSSection162m
737000 USD
CY2011 wlfc Income Tax Reconciliation Nondeductible Expense Permanent Differences And Other Adjustments
IncomeTaxReconciliationNondeductibleExpensePermanentDifferencesAndOtherAdjustments
266000 USD
CY2010 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
6690000 USD
CY2010 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
713000 USD
CY2010 wlfc Income Tax Reconciliation State Income Tax Apportionment Adjustments
IncomeTaxReconciliationStateIncomeTaxApportionmentAdjustments
396000 USD
CY2010 us-gaap Income Tax Reconciliation Deductions Extraterritorial Income Exclusion
IncomeTaxReconciliationDeductionsExtraterritorialIncomeExclusion
101000 USD
CY2012 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
185000 USD
CY2012 wlfc Income Tax Reconciliation Tax Consequences On Sales Of Equipment
IncomeTaxReconciliationTaxConsequencesOnSalesOfEquipment
-46000 USD
CY2012 wlfc Income Tax Reconciliation Permanent Differences Relating To Irs Section162m
IncomeTaxReconciliationPermanentDifferencesRelatingToIRSSection162m
385000 USD
CY2012 wlfc Income Tax Reconciliation Nondeductible Expense Permanent Differences And Other Adjustments
IncomeTaxReconciliationNondeductibleExpensePermanentDifferencesAndOtherAdjustments
-376000 USD
CY2011 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
8147000 USD
CY2011 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-38000 USD
CY2011 wlfc Income Tax Reconciliation State Income Tax Apportionment Adjustments
IncomeTaxReconciliationStateIncomeTaxApportionmentAdjustments
1137000 USD
CY2011 us-gaap Income Tax Reconciliation Deductions Extraterritorial Income Exclusion
IncomeTaxReconciliationDeductionsExtraterritorialIncomeExclusion
7000 USD
CY2011 wlfc Income Tax Reconciliation Tax Consequences On Sales Of Equipment
IncomeTaxReconciliationTaxConsequencesOnSalesOfEquipment
1214000 USD
CY2010 wlfc Income Tax Reconciliation Permanent Differences Relating To Irs Section162m
IncomeTaxReconciliationPermanentDifferencesRelatingToIRSSection162m
406000 USD
CY2010 wlfc Income Tax Reconciliation Nondeductible Expense Permanent Differences And Other Adjustments
IncomeTaxReconciliationNondeductibleExpensePermanentDifferencesAndOtherAdjustments
205000 USD
CY2011 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
1100000 USD
CY2010 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
400000 USD
CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.340 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.069 pure
CY2012 wlfc Effective Income Tax Rate Reconciliation Tax Consequences On Sales Of Equipment
EffectiveIncomeTaxRateReconciliationTaxConsequencesOnSalesOfEquipment
-0.017 pure
CY2012 wlfc Effective Income Tax Rate Reconciliation Permanent Relating To Irs Section162 M
EffectiveIncomeTaxRateReconciliationPermanentRelatingToIRSSection162M
0.143 pure
CY2012 wlfc Effective Income Tax Rate Reconciliation Nondeductible Expense Permanent Differences And Other Adjustments
EffectiveIncomeTaxRateReconciliationNondeductibleExpensePermanentDifferencesAndOtherAdjustments
-0.141 pure
CY2012 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.430 pure
CY2011 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.340 pure
CY2011 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.002 pure
CY2011 wlfc Effective Income Tax Reconciliation State Income Tax Apportionment Adjustments
EffectiveIncomeTaxReconciliationStateIncomeTaxApportionmentAdjustments
0.047 pure
CY2011 wlfc Effective Income Tax Rate Reconciliation Tax Consequences On Sales Of Equipment
EffectiveIncomeTaxRateReconciliationTaxConsequencesOnSalesOfEquipment
0.051 pure
CY2011 wlfc Effective Income Tax Rate Reconciliation Permanent Relating To Irs Section162 M
EffectiveIncomeTaxRateReconciliationPermanentRelatingToIRSSection162M
0.031 pure
CY2011 wlfc Effective Income Tax Rate Reconciliation Nondeductible Expense Permanent Differences And Other Adjustments
EffectiveIncomeTaxRateReconciliationNondeductibleExpensePermanentDifferencesAndOtherAdjustments
0.010 pure
CY2011 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.391 pure
CY2010 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.340 pure
CY2010 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.037 pure
CY2010 wlfc Effective Income Tax Reconciliation State Income Tax Apportionment Adjustments
EffectiveIncomeTaxReconciliationStateIncomeTaxApportionmentAdjustments
0.020 pure
CY2010 us-gaap Effective Income Tax Rate Reconciliation Deductions Extraterritorial Income Exclusion
EffectiveIncomeTaxRateReconciliationDeductionsExtraterritorialIncomeExclusion
0.005 pure
CY2010 wlfc Effective Income Tax Rate Reconciliation Permanent Relating To Irs Section162 M
EffectiveIncomeTaxRateReconciliationPermanentRelatingToIRSSection162M
0.021 pure
CY2010 wlfc Effective Income Tax Rate Reconciliation Nondeductible Expense Permanent Differences And Other Adjustments
EffectiveIncomeTaxRateReconciliationNondeductibleExpensePermanentDifferencesAndOtherAdjustments
0.009 pure
CY2010 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.388 pure
CY2010Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
113000 USD
CY2011Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
308000 USD
CY2012Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
406000 USD
CY2011 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
195000 USD
CY2012 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
98000 USD
CY2012Q4 wlfc Uncertain Tax Positions Reserved For Foreign Exposure
UncertainTaxPositionsReservedForForeignExposure
100000 USD
CY2011Q4 wlfc Uncertain Tax Positions Reserved For Foreign Exposure
UncertainTaxPositionsReservedForForeignExposure
200000 USD
CY2012Q4 us-gaap Deferred Tax Assets State Taxes
DeferredTaxAssetsStateTaxes
706000 USD
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1596000 USD
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DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOther
962000 USD
CY2012Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Alternative Minimum Tax
DeferredTaxAssetsTaxCreditCarryforwardsAlternativeMinimumTax
542000 USD
CY2012Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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32470000 USD
CY2012Q4 us-gaap Deferred Tax Assets Charitable Contribution Carryforwards
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18000 USD
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37844000 USD
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124292000 USD
CY2012Q4 us-gaap Deferred Tax Liabilities Other
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4451000 USD
CY2012Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
90248000 USD
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651000 USD
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DeferredTaxLiabilities
128743000 USD
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1274000 USD
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603000 USD
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1595000 USD
CY2011Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Other
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1795000 USD
CY2011Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Alternative Minimum Tax
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527000 USD
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503000 USD
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5373000 USD
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5636000 USD
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654000 USD
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840000 USD
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7661000 USD
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1 item
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2200000 USD
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38692000 USD
CY2011Q3 us-gaap Revenues
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39480000 USD
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37669000 USD
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40191000 USD
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4985000 USD
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1256000 USD
CY2012 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-5936000 USD
CY2012 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-1694000 USD
CY2012 wlfc Increase Decrease In Maintenance Reserves
IncreaseDecreaseInMaintenanceReserves
8804000 USD
CY2012 us-gaap Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
-678000 USD
CY2012 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
301000 USD
CY2012 us-gaap Proceeds From Sale Of Machinery And Equipment
ProceedsFromSaleOfMachineryAndEquipment
34607000 USD
CY2012 us-gaap Payments To Acquire Equipment On Lease
PaymentsToAcquireEquipmentOnLease
61464000 USD
CY2012 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1219000 USD
CY2012 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
603693000 USD
CY2012 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
11949000 USD
CY2012 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1194000 USD
CY2012 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
626923000 USD
CY2012 us-gaap Interest Paid Net
InterestPaidNet
21528000 USD
CY2012 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
105000 USD
CY2012 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent
4598000 USD
CY2012 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
7661000 USD
CY2011 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-8933000 USD
CY2010 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-22057000 USD
CY2011 us-gaap Other Comprehensive Income Loss Reclassification Adjustment On Derivatives Included In Net Income Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeBeforeTax
11349000 USD
CY2010 us-gaap Other Comprehensive Income Loss Reclassification Adjustment On Derivatives Included In Net Income Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeBeforeTax
18633000 USD
CY2011 us-gaap Derivative Instruments Gain Recognized In Other Comprehensive Income Effective Portion
DerivativeInstrumentsGainRecognizedInOtherComprehensiveIncomeEffectivePortion
2416000 USD
CY2010 us-gaap Derivative Instruments Gain Recognized In Other Comprehensive Income Effective Portion
DerivativeInstrumentsGainRecognizedInOtherComprehensiveIncomeEffectivePortion
-3424000 USD
CY2011 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent
838000 USD
CY2010 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent
-1242000 USD
CY2011 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1578000 USD
CY2010 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-2182000 USD

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