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WILLIS LEASE FINANCE CORP (WLFC)

Income Statement Business | Product

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues:  
    Leasing and Related Operations     353.2307.3245.0192.3182.3
    Spare parts and equipment sales  27.017.418.674.771.1   
    Spare Parts Sales  26.117.617.856.242.731.216.616.3
    Managed Services And Other Revenue     14.87.6   
    Other  258.8239.2252.2     
Total revenues   [+]311.9274.2288.7409.2348.3274.8207.3198.1
            Revenue growth   [+]13.8%-5.0%-29.4%17.5%26.7%32.6%4.7%13.8%
Cost of goods sold  61.157.167.762.661.040.813.364.9
Gross profit  250.9217.1221.0346.5287.3234.0194.0133.2
            Gross margin  80.4%79.2%76.5%84.7%82.5%85.1%93.6%67.2%
Selling, general and administrative   [+]127.899.791.294.683.265.554.852.1
Equity in earnings  -0.10.82.68.63.87.21.81.2
Other operating expenses     85.374.973.650.8 
EBITDA   [+]123.0118.2132.4175.1133.1102.090.282.2
            EBITDA margin  39.4%43.1%45.9%42.8%38.2%37.1%43.5%41.5%
Depreciation and amortization  88.390.594.586.276.866.066.369.4
EBIT   [+]34.827.737.988.956.336.023.912.8
            EBIT margin  11.1%10.1%13.1%21.7%16.2%13.1%11.6%6.5%
Non-recurring items   [+]25.018.620.5     
Interest expense  64.268.067.766.964.248.741.139.0
Other income (expense), net   [+]64.268.067.766.964.248.741.139.0
Pre-tax income  9.89.117.388.956.336.023.912.8
Income taxes  4.45.87.622.013.0-26.19.96.3
            Tax rate  44.5%63.3%43.8%24.7%23.2% 41.2%49.4%
Net income  2.10.06.463.639.960.313.86.5
            Net margin  0.7%0.0%2.2%15.5%11.5%21.9%6.6%3.3%
   
Basic EPS   [+]$0.35$0.00$1.07$10.90$6.75$9.93$2.10$0.83
Diluted EPS   [+]$0.33$0.00$1.05$10.50$6.60$9.69$2.05$0.81
   
Shares outstanding (basic)   [+]6.16.16.05.85.96.16.67.8
Shares outstanding (diluted)   [+]6.36.36.16.16.06.26.78.0
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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