WLFC Income Statement - TTM - Willis Lease Finance Corporation

Income Statement (TTM)

Willis Lease Finance Corporation Income Statement shows changes in income and expenses over a period of time. Income Statement data includes Sales and Revenue, Gross Profit, Research and Development (R&D), Selling, General and Administrative Expense (SG&A), Operating Income, Income Tax Expense, Interest Expense, Non-Operating Income, Earnings per Share (EPS), and Shares Outstanding.

All numbers are times 1,000,000 except per share units.

	2020 09-30	2020 12-31	2021 03-31	2021 06-30	2021 09-30	2021 12-31	2022 03-31	2022 06-30	2022 09-30	2022 12-31	2023 03-31	2023 06-30	2023 09-30	2023 12-31	2024 03-31	2024 06-30	2024 09-30	2024 12-31	2025 03-31	2025 06-30
Revenue	310	289	266	257	257	250	259	269	277	301	322	356	384	410	439	481	520	558	594	637
Change (%)		-6.77	-7.75	-3.53	-0.16	-2.40	3.39	3.95	2.93	8.76	6.90	10.45	8.03	6.67	7.16	9.59	8.14	7.13	6.57	7.24
% of Revenue	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00

Cost Of Sales	29	17	14	15	14	15	16	20	20	21	24	25	29	36	36	39	26	47	60	85
Change (%)		-42.03	-17.18	4.54	-1.41	4.32	7.05	23.38	1.44	4.17	17.11	3.64	13.45	26.78	-0.40	8.85	-34.24	82.53	26.15	42.91
% of Revenue	9.34	5.80	5.21	5.65	5.58	5.96	6.17	7.33	7.22	6.92	7.58	7.11	7.47	8.87	8.25	8.19	4.98	8.49	10.05	13.39

Gross Operating Profit	281	272	253	242	242	235	243	249	257	280	298	330	356	373	403	442	495	510	534	552
Change (%)		-3.14	-7.17	-3.98	-0.09	-2.80	3.15	2.67	3.05	9.11	6.14	11.01	7.62	5.04	7.89	9.65	11.92	3.18	4.75	3.26
% of Revenue	90.66	94.20	94.79	94.35	94.42	94.04	93.83	92.67	92.78	93.08	92.42	92.89	92.53	91.13	91.75	91.81	95.02	91.51	89.95	86.61

SG&A	78	74	71	76	80	85	97	99	102	107	110	124	135	142	148	149	178	166	182	201
Change (%)		-4.93	-4.34	7.16	5.11	5.64	13.91	2.14	3.80	4.51	2.73	13.23	8.32	5.48	3.98	0.54	20.03	-6.91	9.70	10.28
% of Revenue	25.28	25.78	26.73	29.69	31.26	33.84	37.29	36.64	36.95	35.50	34.12	34.98	35.07	34.68	33.66	30.88	34.28	29.78	30.66	31.53

R&D
Change (%)
% of Revenue

OpEx	202	186	180	186	187	190	201	205	210	216	223	240	254	269	275	279	295	306	337	387
Change (%)		-7.86	-2.89	2.94	0.51	1.89	5.53	2.03	2.35	3.09	3.34	7.30	6.17	5.93	2.02	1.34	6.04	3.53	10.14	14.76
% of Revenue	65.09	64.32	67.72	72.26	72.75	75.95	77.52	76.09	75.66	71.72	69.33	67.36	66.20	65.74	62.60	57.88	56.76	54.85	56.70	60.67

Operating Income	108	103	86	71	70	60	58	64	67	85	99	116	130	140	164	203	225	252	257	251
Change (%)		-4.73	-16.52	-17.11	-1.92	-13.86	-3.38	10.56	4.78	26.36	15.92	17.55	11.87	8.11	17.00	23.39	11.03	11.86	2.22	-2.61
% of Revenue	34.91	35.68	32.28	27.74	27.25	24.05	22.48	23.91	24.34	28.28	30.67	32.64	33.80	34.26	37.40	42.12	43.24	45.15	43.30	39.33

Interest Expense	-63	-63	-62	-63	-66	-68	-70	-69	-67	-67	-68	-71	-74	-79	-83	-89	-98	-105	-114	-123
Change (%)		0.37	-1.07	1.44	4.70	2.67	2.74	-1.38	-2.94	-0.18	2.26	4.49	3.85	6.39	5.86	6.57	9.86	7.29	8.68	7.91
% of Revenue	-20.27	-21.82	-23.40	-24.61	-25.81	-27.15	-26.98	-25.60	-24.14	-22.16	-21.19	-20.05	-19.28	-19.23	-18.99	-18.47	-18.76	-18.79	-19.16	-19.28

Net Income	18	10	4	-1	-1	3	-17	-11	-7	5	31	39	47	44	60	89	99	109	105	122
Change (%)		-44.73	-57.63	-128.67	8.45	-361.06	-592.75	-35.42	-32.86	-175.94	470.58	25.48	21.13	-7.19	37.63	47.75	10.65	10.26	-3.68	17.01
% of Revenue	5.69	3.38	1.55	-0.46	-0.50	1.34	-6.38	-3.96	-2.59	1.81	9.64	10.95	12.28	10.68	13.72	18.50	18.93	19.48	17.61	19.21

Source: Capital IQ

Willis Lease Finance Corporation - Income Statement (TTM)

Income Statement (TTM)

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