$WLFC
WILLIS LEASE FINANCE CORP Stock $wlfc

$wlfc Overview Financials Valuation SEC Filings Company Website

2014 Q2 Form 10-Q Financial Statement

#000110465914035296 Filed on May 06, 2014

Income Statement

Concept	2014 Q2	2014 Q1	2013 Q4
Revenue	$44.10M	$43.00M	$47.20M
YoY Change	16.2%	21.8%	18.92%
Cost Of Revenue	$1.600M	$300.0K
YoY Change
Gross Profit	$42.50M	$43.30M
YoY Change
Gross Profit Margin	96.37%	100.7%
Selling, General & Admin	$11.60M	$11.20M	$12.00M
YoY Change	-13.43%	13.13%	4.35%
% of Gross Profit	27.29%	25.87%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$15.70M	$15.70M	$15.10M
YoY Change	10.56%	15.36%	10.22%
% of Gross Profit	36.94%	36.26%
Operating Expenses	$27.40M	$26.90M	$27.20M
YoY Change	-0.72%	13.98%	7.94%
Operating Profit	$15.10M	$6.431M
YoY Change		154.79%
Interest Expense	-$9.400M	-$9.400M	-$9.400M
YoY Change	44.62%	-201.87%	13.25%
% of Operating Profit	-62.25%	-146.17%
Other Income/Expense, Net
YoY Change
Pretax Income	$3.600M	$6.736M	$10.40M
YoY Change	90.78%	157.39%	246.67%
Income Tax	$1.300M	$2.405M	$3.900M
% Of Pretax Income	36.11%	35.7%	37.5%
Net Earnings	$2.200M	$4.300M	$6.553M
YoY Change	-77.3%	167.08%	196.38%
Net Earnings / Revenue	4.99%	10.0%	13.88%
Basic Earnings Per Share		$0.55	$0.84
Diluted Earnings Per Share	$268.3K	$0.53	$0.81
COMMON SHARES
Basic Shares Outstanding	8.432M shares	7.914M shares	7.846M shares
Diluted Shares Outstanding		8.129M shares	8.084M shares

Balance Sheet

Concept	2014 Q2	2014 Q1	2013 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments	$12.40M	$15.60M	$12.80M
YoY Change	188.37%	1014.29%	137.04%
Cash & Equivalents	$12.40M	$15.63M	$12.80M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory	$14.00M	$3.257M	$3.280M
Prepaid Expenses
Receivables	$9.800M	$13.70M	$13.30M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$36.20M	$32.60M	$29.40M
YoY Change	176.34%	188.5%	60.66%
LONG-TERM ASSETS
Property, Plant & Equipment	$1.021B	$4.920M	$4.950M
YoY Change	0.07%	-10.42%	-17.35%
Goodwill
YoY Change
Intangibles		$1.338M	$1.396M
YoY Change
Long-Term Investments	$24.00M	$23.80M	$23.49M
YoY Change	-23.69%	-15.21%	7.58%
Other Assets	$72.40M	$83.80M	$83.30M
YoY Change	24.61%	48.32%	72.82%
Total Long-Term Assets	$1.143B	$1.160B	$1.170B
YoY Change	0.94%	2.05%	10.32%
TOTAL ASSETS
Total Short-Term Assets	$36.20M	$32.60M	$29.40M
Total Long-Term Assets	$1.143B	$1.160B	$1.170B
Total Assets	$1.179B	$1.193B	$1.199B
YoY Change	2.94%	3.89%	11.17%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$19.60M	$18.90M	$16.30M
YoY Change	7.1%	34.04%	5.84%
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	$37.80M	$35.20M	$31.50M
YoY Change	29.01%	47.28%	40.63%
LONG-TERM LIABILITIES
Long-Term Debt	$753.8M	$767.1M	$787.6M
YoY Change	1.25%	1.32%	13.0%
Other Long-Term Liabilities	$78.90M	$83.80M	$80.90M
YoY Change	4.64%	13.55%	16.24%
Total Long-Term Liabilities	$832.7M	$850.9M	$868.5M
YoY Change	1.56%	2.41%	13.29%
TOTAL LIABILITIES
Total Short-Term Liabilities	$37.80M	$35.20M	$31.50M
Total Long-Term Liabilities	$832.7M	$850.9M	$868.5M
Total Liabilities	$960.4M	$975.1M	$986.6M
YoY Change	2.95%	3.05%	12.17%
SHAREHOLDERS EQUITY
Retained Earnings		$171.8M	$167.5M
YoY Change		11.17%	10.29%
Common Stock		$84.00K	$84.00K
YoY Change		-3.45%	-3.45%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$218.8M	$217.6M	$212.6M
YoY Change
Total Liabilities & Shareholders Equity	$1.179B	$1.193B	$1.199B
YoY Change	2.94%	3.89%	11.17%

Cashflow Statement

Concept	2014 Q2	2014 Q1	2013 Q4
OPERATING ACTIVITIES
Net Income	$2.200M	$4.300M	$6.553M
YoY Change	-77.3%	167.08%	196.38%
Depreciation, Depletion And Amortization	$15.70M	$15.70M	$15.10M
YoY Change	10.56%	15.36%	10.22%
Cash From Operating Activities	$16.20M	$18.80M	$21.20M
YoY Change	-19.0%	1.08%	58.21%
INVESTING ACTIVITIES
Capital Expenditures	-$13.80M	$156.0K	-$42.30M
YoY Change	6.98%	403.23%	189.73%
Acquisitions
YoY Change
Other Investing Activities	$12.70M	$11.20M	-$13.30M
YoY Change	84.06%	-315.38%	-1762.5%
Cash From Investing Activities	-$1.100M	$3.100M	-$55.60M
YoY Change	-81.36%	-103.66%	302.9%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net		$25.51M
YoY Change		188.11%
Cash From Financing Activities	-18.30M	-19.10M	43.10M
YoY Change	64.86%	-130.71%	-474.78%
NET CHANGE
Cash From Operating Activities	16.20M	18.80M	21.20M
Cash From Investing Activities	-1.100M	3.100M	-55.60M
Cash From Financing Activities	-18.30M	-19.10M	43.10M
Net Change In Cash	-3.200M	2.800M	8.700M
YoY Change	-206.67%	-170.0%	-173.11%
FREE CASH FLOW
Cash From Operating Activities	$16.20M	$18.80M	$21.20M
Capital Expenditures	-$13.80M	$156.0K	-$42.30M
Free Cash Flow	$30.00M	$18.64M	$63.50M
YoY Change	-8.81%	0.4%	126.79%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2014Q1	dei	Document Type DocumentType	10-Q
CY2014Q1	dei	Document Period End Date DocumentPeriodEndDate	2014-03-31
CY2014Q1	dei	Amendment Flag AmendmentFlag	false
CY2014Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2014Q1	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2014Q1	dei	Entity Filer Category EntityFilerCategory	Accelerated Filer
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CY2013Q1	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	358000	USD
CY2013Q1	us-gaap	Stock Issued During Period Value Share Based Compensation Gross StockIssuedDuringPeriodValueShareBasedCompensationGross	230000	USD
CY2014Q1	us-gaap	Stock Issued During Period Value Share Based Compensation Gross StockIssuedDuringPeriodValueShareBasedCompensationGross	212000	USD
CY2013Q1	us-gaap	Stock Issued During Period Value Share Based Compensation Forfeited StockIssuedDuringPeriodValueShareBasedCompensationForfeited	263000	USD
CY2014Q1	us-gaap	Stock Issued During Period Value Share Based Compensation Forfeited StockIssuedDuringPeriodValueShareBasedCompensationForfeited	270000	USD
CY2013Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	783000	USD
CY2014Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	758000	USD
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CY2013Q1	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	767000	USD
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CY2014Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	2405000	USD
CY2013Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	1007000	USD
CY2014Q1	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	2	item
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CY2014Q1	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	1815000	USD
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CY2013Q1	us-gaap	Amortization Of Deferred Hedge Gains AmortizationOfDeferredHedgeGains	-96000	USD
CY2013Q1	us-gaap	Provision For Loan Lease And Other Losses ProvisionForLoanLeaseAndOtherLosses	-52000	USD
CY2014Q1	us-gaap	Income Loss From Equity Method Investments Net Of Dividends Or Distributions IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions	305000	USD
CY2014Q1	us-gaap	Increase Decrease In Deferred Income Taxes IncreaseDecreaseInDeferredIncomeTaxes	-2405000	USD
CY2013Q1	us-gaap	Income Loss From Equity Method Investments Net Of Dividends Or Distributions IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions	93000	USD
CY2013Q1	us-gaap	Increase Decrease In Deferred Income Taxes IncreaseDecreaseInDeferredIncomeTaxes	-1007000	USD
CY2014Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	366000	USD
CY2014Q1	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	501000	USD
CY2014Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	1734000	USD
CY2014Q1	us-gaap	Increase Decrease In Restricted Cash IncreaseDecreaseInRestrictedCash	8068000	USD
CY2014Q1	wlfc	Increase Decrease In Maintenance Reserves IncreaseDecreaseInMaintenanceReserves	2416000	USD
CY2014Q1	us-gaap	Increase Decrease In Deposit Other Assets IncreaseDecreaseInDepositOtherAssets	357000	USD
CY2014Q1	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	493000	USD
CY2013Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-3041000	USD
CY2013Q1	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-6000	USD
CY2013Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	144000	USD
CY2013Q1	us-gaap	Increase Decrease In Restricted Cash IncreaseDecreaseInRestrictedCash	5695000	USD
CY2013Q1	wlfc	Increase Decrease In Maintenance Reserves IncreaseDecreaseInMaintenanceReserves	3679000	USD
CY2013Q1	us-gaap	Increase Decrease In Deposit Other Assets IncreaseDecreaseInDepositOtherAssets	186000	USD
CY2013Q1	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	430000	USD
CY2014Q1	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	18799000	USD
CY2013Q1	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	18551000	USD
CY2014Q1	us-gaap	Proceeds From Sale Of Machinery And Equipment ProceedsFromSaleOfMachineryAndEquipment	5688000	USD
CY2014Q1	us-gaap	Proceeds From Sale Of Restricted Investments ProceedsFromSaleOfRestrictedInvestments	5487000	USD
CY2014Q1	us-gaap	Payments To Acquire Equipment On Lease PaymentsToAcquireEquipmentOnLease	7915000	USD
CY2014Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	156000	USD
CY2014Q1	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	3104000	USD
CY2013Q1	us-gaap	Proceeds From Sale Of Machinery And Equipment ProceedsFromSaleOfMachineryAndEquipment	3166000	USD
CY2013Q1	us-gaap	Proceeds From Sale Of Restricted Investments ProceedsFromSaleOfRestrictedInvestments	-2207000	USD
CY2013Q1	us-gaap	Payments To Acquire Interest In Joint Venture PaymentsToAcquireInterestInJointVenture	6146000	USD
CY2013Q1	us-gaap	Payments To Acquire Equipment On Lease PaymentsToAcquireEquipmentOnLease	79576000	USD
CY2013Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	31000	USD
CY2013Q1	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-84794000	USD
CY2014Q1	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	5000000	USD
CY2014Q1	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	27000	USD
CY2014Q1	wlfc	Proceeds From Security Deposit ProceedsFromSecurityDeposit	1518000	USD
CY2014Q1	us-gaap	Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans	212000	USD
CY2014Q1	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	270000	USD
CY2014Q1	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	25506000	USD
CY2014Q1	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	-19073000	USD
CY2013Q1	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	69000000	USD
CY2013Q1	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	570000	USD
CY2013Q1	wlfc	Proceeds From Security Deposit ProceedsFromSecurityDeposit	3035000	USD
CY2014Q1	us-gaap	Net Cash Provided By Used In Continuing Operations NetCashProvidedByUsedInContinuingOperations	2830000	USD
CY2013Q1	us-gaap	Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans	230000	USD
CY2013Q1	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	263000	USD
CY2013Q1	us-gaap	Net Cash Provided By Used In Continuing Operations NetCashProvidedByUsedInContinuingOperations	-4022000	USD
CY2013Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	358000	USD
CY2013Q1	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	8853000	USD
CY2013Q1	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	62221000	USD
CY2014Q1	us-gaap	Interest Paid Net InterestPaidNet	8811000	USD
CY2013Q1	us-gaap	Interest Paid Net InterestPaidNet	8140000	USD
CY2014Q1	us-gaap	Transfer Of Portfolio Loans And Leases To Held For Sale1 TransferOfPortfolioLoansAndLeasesToHeldForSale1	10924000	USD
CY2013Q1	us-gaap	Transfer Of Portfolio Loans And Leases To Held For Sale1 TransferOfPortfolioLoansAndLeasesToHeldForSale1	2141000	USD
CY2013Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	1357000	USD
CY2012Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	5379000	USD
CY2012Q4	us-gaap	Stockholders Equity StockholdersEquity	199553000	USD
CY2013Q1	us-gaap	Stockholders Equity StockholdersEquity	201793000	USD
CY2014Q1	us-gaap	Debt Instrument Description Of Variable Rate Basis DebtInstrumentDescriptionOfVariableRateBasis	one-month LIBOR
CY2014Q1	us-gaap	Other Sales Revenue Net OtherSalesRevenueNet	1682000	USD
CY2014Q1	wlfc	Gain Loss On Inventory GainLossOnInventory	-295000	USD

Files In Submission

Name	View Source	Status
0001104659-14-035296-index-headers.html	Edgar Link	pending
0001104659-14-035296-index.html	Edgar Link	pending
0001104659-14-035296.txt	Edgar Link	pending
0001104659-14-035296-xbrl.zip	Edgar Link	pending
a14-8754_110q.htm	Edgar Link	pending
a14-8754_1ex11d1.htm	Edgar Link	pending
a14-8754_1ex21d1.htm	Edgar Link	pending
a14-8754_1ex31d1.htm	Edgar Link	pending
a14-8754_1ex31d2.htm	Edgar Link	pending
a14-8754_1ex32.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xls	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
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R2.htm	Edgar Link	pending
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R27.htm	Edgar Link	pending
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R39.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R40.htm	Edgar Link	pending
R5.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-20140331.xml	Edgar Link	completed
wlfc-20140331.xsd	Edgar Link	pending
wlfc-20140331_cal.xml	Edgar Link	unprocessable
wlfc-20140331_def.xml	Edgar Link	unprocessable
wlfc-20140331_lab.xml	Edgar Link	unprocessable
wlfc-20140331_pre.xml	Edgar Link	unprocessable

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$WLFC
WILLIS LEASE FINANCE CORP Stock $wlfc

2014 Q2 Form 10-Q Financial Statement

#000110465914035296 Filed on May 06, 2014

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$WLFC WILLIS LEASE FINANCE CORP Stock $wlfc

2014 Q2 Form 10-Q Financial Statement

#000110465914035296 Filed on May 06, 2014

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$WLFC
WILLIS LEASE FINANCE CORP Stock $wlfc