WILLIS LEASE FINANCE CORP

WLFC 10-Q · Q3 2025

WLFC Q3 2025 request

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Income Statement

Income Statement
Metric Q3 2025 Q3 2024 YoY
Operating Lease Lease Income (Q) — — —
Show Product Lines breakouts
Lease rent revenue 76,552 64,905 +17.9%
Lease rent revenue · Leasing and  Related Operations 76,552 64,905 +17.9%
Maintenance reserve revenue 76,054 49,760 +52.8%
Maintenance reserve revenue · Leasing and  Related Operations 76,054 49,760 +52.8%
Revenue From Contract With Customer Including Assessed Tax (Q) — — —
Show Product Lines breakouts
Asset Management · WMES 1 1.2 -16.7%
Maintenance Services 3,636 5,948 -38.9%
Maintenance Services · Leasing and  Related Operations 3,636 5,948 -38.9%
Other revenue 2,259 1,816 +24.4%
Other revenue · Intersegment Elimination -55 -86 +36.0%
Other revenue · Leasing and  Related Operations 2,344 1,694 +38.4%
Other revenue · Spare Parts Sales -30 208 -114.4%
Spare parts and equipment sales 5,394 10,863 -50.3%
Spare parts and equipment sales · Intersegment Elimination -4,634 -7,874 +41.1%
Spare parts and equipment sales · Leasing and  Related Operations 121 1,227 -90.1%
Spare parts and equipment sales · Spare Parts Sales 9,907 17,510 -43.4%
Interest Income Operating (Q) — — —
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Leasing and  Related Operations · Operating Segments 3,360 3,412 -1.5%
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Interest Income Operating 3,360 3,412 -1.5%
Gain Loss On Sale Of Leased Assets Net Operating Leases (Q) — — —
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Leasing and  Related Operations · Operating Segments 16,134 9,519 +69.5%
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Gain Loss On Sale Of Leased Assets Net Operating Leases 16,134 9,519 +69.5%
Revenue (Q) — — —
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Leasing and  Related Operations · Operating Segments 178,201 136,465 +30.6%
Spare Parts Sales · Operating Segments 9,877 17,718 -44.3%
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Revenue 183,389 146,223 +25.4%
Show Consolidation Items breakouts
Intersegment Elimination -4,689 -7,960 +41.1%
Show Equity Method Investment Nonconsolidated Investee breakouts
WMES 27,878 15,342 +81.7%
Depreciation & Amortization (Q) — — —
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Depreciation & Amortization 28,662 23,650 +21.2%
Selling Expense (Q) — — —
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Leasing and  Related Operations · Operating Segments 10 158 -93.7%
Spare Parts Sales · Operating Segments 11,253 16,523 -31.9%
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Selling Expense 6,684 8,861 -24.6%
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Intersegment Elimination -4,579 -7,820 +41.4%
Cost Maintenance (Q) — — —
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Leasing and  Related Operations · Operating Segments 5,190 6,456 -19.6%
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Cost Maintenance 5,135 6,402 -19.8%
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Intersegment Elimination -55 -54 -1.9%
Production Related Impairments Or Charges (Q) — — —
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Leasing and  Related Operations · Operating Segments 10,201 605 +1586.1%
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Production Related Impairments Or Charges 10,201 605 +1586.1%
Show Fair Value By Measurement Frequency breakouts
Fair Value Measurements Nonrecurring 10.2 0.6 +1600.0%
General & Administrative (Q) — — —
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Leasing and  Related Operations · Operating Segments 48,006 38,858 +23.5%
Spare Parts Sales · Operating Segments 1,184 1,179 +0.4%
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General & Administrative 49,190 40,037 +22.9%
Equipment Expense (Q) — — —
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Leasing and  Related Operations · Operating Segments 8,352 5,151 +62.1%
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Equipment Expense 8,352 5,151 +62.1%
Interest Expense (Q) — — —
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Leasing and  Related Operations · Operating Segments 34,177 27,813 +22.9%
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Interest Expense 34,177 27,813 +22.9%
Gains Losses On Extinguishment Of Debt (Q) — — —
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Leasing and  Related Operations · Operating Segments -2,963 — —
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Gains Losses On Extinguishment Of Debt 2,963 — —
Interest And Debt Expense (Q) — — —
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Interest And Debt Expense 37,140 27,813 +33.5%
Total Costs & Expenses (Q) — — —
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Leasing and  Related Operations · Operating Segments 137,552 102,673 +34.0%
Spare Parts Sales · Operating Segments 12,446 17,720 -29.8%
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Total Costs & Expenses 145,364 112,519 +29.2%
Show Consolidation Items breakouts
Intersegment Elimination -4,634 -7,874 +41.1%
Show Equity Method Investment Nonconsolidated Investee breakouts
WMES 21,123 14,045 +50.4%
Operating Income (Q) — — —
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Leasing and  Related Operations · Operating Segments 40,649 33,792 +20.3%
Spare Parts Sales · Operating Segments -2,569 -2 -128350.0%
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Operating Income 38,025 33,704 +12.8%
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Intersegment Elimination -55 -86 +36.0%
Income Loss From Equity Method Investments (Q) — — —
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Income Loss From Equity Method Investments 5,192 756 +586.8%
Income Before Taxes (Q) — — —
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Income Before Taxes 43,217 34,460 +25.4%
Income Tax Expense (Benefit) (Q) — — —
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Income Tax Expense (Benefit) 18,893 10,364 +82.3%
Net Income (Q) — — —
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Retained Earnings 24,324 24,096 +0.9%
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Net Income 24,324 24,096 +0.9%
Show Equity Method Investment Nonconsolidated Investee breakouts
WMES 6,755 1,297 +420.8%
Temporary Equity Dividends Adjustment (Q) — — —
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Temporary Equity Dividends Adjustment 1,369 948 +44.4%
Temporary Equity Accretion To Redemption Value Adjustment (Q) — — —
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Temporary Equity Accretion To Redemption Value Adjustment 70 15 +366.7%
Show Statement Class Of Stock breakouts
Redeemable Preferred Stock -70 -15 -366.7%
Net Income Loss Available To Common Stockholders Diluted (Q) — — —
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Net Income Loss Available To Common Stockholders Diluted 22,885 23,133 -1.1%
Net Income Loss Available To Common Stockholders Basic (Q) — — —
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Net Income Loss Available To Common Stockholders Basic 22,885 23,133 -1.1%
EPS (Basic) (Q) — — —
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EPS (Basic) 3.36 3.51 -4.3%
EPS (Diluted) (Q) — — —
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EPS (Diluted) 3.25 3.37 -3.6%
Wtd Avg Shares (Basic) (Q) — — —
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Wtd Avg Shares (Basic) 6,813 6,582 +3.5%
Wtd Avg Shares (Diluted) (Q) — — —
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Wtd Avg Shares (Diluted) 7,031 6,859 +2.5%
Comprehensive Income (Q) — — —
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Comprehensive Income 24,239 18,740 +29.3%
Other Comprehensive Income (Q) — — —
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Other Comprehensive Income -85 -5,356 +98.4%
Depreciation And Amortization (Q) — — —
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Leasing and  Related Operations · Operating Segments 28,653 23,632 +21.2%
Spare Parts Sales · Operating Segments 9 18 -50.0%
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Depreciation And Amortization 28,662 23,650 +21.2%

Balance Sheet

Balance Sheet
Metric Q3 2025 Q3 2024 YoY
Current Assets
Cash & Cash Equivalents (Q) — — —
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Cash & Cash Equivalents 12,885 5,791 +122.5%
Non-Current Assets
Property, Plant & Equipment (Q) — — —
Show Schedule Of Equity Method Investment Equity Method Investee Name breakouts
CASC Willis · Equipment Held For Operating Lease 50 38.7 +29.2%
WMES · Equipment Held For Operating Lease 364.1 335.5 +8.5%
Show Property Plant And Equipment By Type breakouts
Aircraft and airframes 204,291 158,093 +29.2%
Engines and related equipment 2,486,044 2,267,053 +9.7%
Equipment Held For Operating Lease 2,700,373 2,435,583 +10.9%
Marine vessel 10,038 10,437 -3.8%
Property, Equipment, and Furnishings 67,393 36,119 +86.6%
Long Term Accounts Notes And Loans Receivable Net Noncurrent (Q) — — —
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Long Term Accounts Notes And Loans Receivable Net Noncurrent 144,842 175,358 -17.4%
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 107,683 130,356 -17.4%
Total Assets (Q) — — —
Show Business Segments breakouts
Leasing and  Related Operations · Operating Segments 3,362,791 2,961,080 +13.6%
Spare Parts Sales · Operating Segments 58,556 82,513 -29.0%
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Total Assets 3,421,347 3,043,593 +12.4%
Show Equity Method Investment Nonconsolidated Investee breakouts
Equity Method Investment Nonconsolidated Investee Or Group Of Investees 5,039 — —
WMES 461,550 355,272 +29.9%
Operating Lease Right-of-Use Assets (Q) — — —
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WMES 0.8 — —
Other Assets
Restricted Cash (Q) — — —
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Restricted Cash 158,082 99,333 +59.1%
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 158,082 99,333 +59.1%
Equipment Held For Operating Lease (Q) — — —
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Equipment Held For Operating Lease 2,700,373 2,435,583 +10.9%
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Variable Interest Entity Primary Beneficiary 1,794,606 1,721,262 +4.3%
Maintenance Rights (Q) — — —
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Maintenance Rights 27,044 31,506 -14.2%
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Variable Interest Entity Primary Beneficiary 19,874 13,080 +51.9%
Equipment Held For Sale (Q) — — —
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Equipment Held For Sale 23,329 4,286 +444.3%
Accounts Receivable Net (Q) — — —
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Accounts Receivable Net 42,289 37,069 +14.1%
Airline Related Inventory Aircraft Parts (Q) — — —
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Airline Related Inventory Aircraft Parts 53,712 74,089 -27.5%
Investments (Q) — — —
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Investments 98,115 61,891 +58.5%
Intangible Assets Net Including Goodwill (Q) — — —
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Intangible Assets Net Including Goodwill 271 4,177 -93.5%
Sales Type Lease Net Investment In Lease After Allowance For Credit Loss (Q) — — —
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Sales Type Lease Net Investment In Lease After Allowance For Credit Loss 16,281 23,204 -29.8%
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Variable Interest Entity Primary Beneficiary 16,281 19,004 -14.3%
Other Assets (Q) — — —
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Other Assets 76,731 55,187 +39.0%
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Variable Interest Entity Primary Beneficiary 11,630 15,335 -24.2%
Non-Current Liabilities
Accounts Payable And Accrued Liabilities Current And Noncurrent (Q) — — —
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Accounts Payable And Accrued Liabilities Current And Noncurrent 79,648 119,560 -33.4%
Deferred Tax Liabilities (Q) — — —
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Deferred Tax Liabilities 223,734 178,177 +25.6%
Long-Term Debt (Q) — — —
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Long-Term Debt 2,239,451 1,990,455 +12.5%
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Variable Interest Entity Primary Beneficiary 1,625,094 1,528,696 +6.3%
Total Liabilities (Q) — — —
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Total Liabilities 2,707,812 2,462,779 +9.9%
Show Equity Method Investment Nonconsolidated Investee breakouts
Equity Method Investment Nonconsolidated Investee Or Group Of Investees 15 — —
WMES 302,611 260,722 +16.1%
Other Liabilities
Maintenance Reserves (Q) — — —
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Maintenance Reserves 102,897 108,090 -4.8%
Security Deposit Liability (Q) — — —
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Security Deposit Liability 25,703 27,203 -5.5%
Contract With Customer Liability (Q) — — —
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Contract With Customer Liability 36,379 39,294 -7.4%
Temporary Equity Carrying Amount Attributable To Parent (Q) — — —
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Temporary Equity Carrying Amount Attributable To Parent 63,331 63,053 +0.4%
Show Statement Class Of Stock breakouts
Redeemable Preferred Stock 63,331 63,053 +0.4%
Stockholders' Equity
Common Stock (Q) — — —
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Common Stock 76 72 +5.6%
Additional Paid-In Capital (Q) — — —
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Additional Paid-In Capital 67,379 41,035 +64.2%
Retained Earnings (Q) — — —
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Retained Earnings 583,094 473,609 +23.1%
Accumulated Other Comprehensive Income (Q) — — —
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Accumulated Other Comprehensive Income -345 3,045 -111.3%
Total Stockholders' Equity (Q) — — —
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Accumulated Other Comprehensive Income -345 3,045 -111.3%
Additional Paid In Capital 67,379 41,035 +64.2%
Common Stock 76 72 +5.6%
Retained Earnings 583,094 473,609 +23.1%
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Total Stockholders' Equity 650,204 517,761 +25.6%
Show Equity Method Investment Nonconsolidated Investee breakouts
WMES 158,939 94,550 +68.1%
Total Liabilities & Equity (Q) — — —
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Total Liabilities & Equity 3,421,347 3,043,593 +12.4%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q3 2025 YTD Q3 2024 YoY
Operating Activities
Stock-Based Compensation (YTD) — — —
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Stock-Based Compensation 34,939 18,351 +90.4%
Accretion Of Deferred Costs And Discounts Notes (YTD) — — —
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Accretion Of Deferred Costs And Discounts Notes 8,010 7,723 +3.7%
Proceeds From Lease Payments (YTD) — — —
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Proceeds From Lease Payments 5,709 28,910 -80.3%
Loss On Derivative Instruments Pretax (YTD) — — —
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Loss On Derivative Instruments Pretax 2,980 — —
Capitalized Contract Cost Amortization (YTD) — — —
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Capitalized Contract Cost Amortization 1,497 1,504 -0.5%
Gains Losses On Sales Of Assets (YTD) — — —
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Gains Losses On Sales Of Assets -378 — —
Provision For Loan Lease And Other Losses (YTD) — — —
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Provision For Loan Lease And Other Losses 247 -671 +136.8%
Gain Loss On Disposition Of Assets (YTD) — — —
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Gain Loss On Disposition Of Assets 45 — —
Increase Decrease In Deferred Income Taxes (YTD) — — —
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Increase Decrease In Deferred Income Taxes 40,766 32,881 +24.0%
Change in Accounts Receivable (YTD) — — —
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Change in Accounts Receivable -5,839 22,219 -126.3%
Change in Inventory (YTD) — — —
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Change in Inventory 14,935 -37,189 +140.2%
Increase Decrease In Other Operating Assets (YTD) — — —
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Increase Decrease In Other Operating Assets -4,049 -3,671 -10.3%
Increase Decrease In Accounts Payable And Accrued Liabilities (YTD) — — —
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Increase Decrease In Accounts Payable And Accrued Liabilities -12,472 11,532 -208.2%
Increase Decrease In Maintenance Reserves (YTD) — — —
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Increase Decrease In Maintenance Reserves 16,156 16,205 -0.3%
Increase Decrease In Deposit Other Assets (YTD) — — —
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Increase Decrease In Deposit Other Assets 1,779 3,413 -47.9%
Change in Deferred Revenue (YTD) — — —
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Change in Deferred Revenue -4,061 -4,013 -1.2%
Net Cash from Operations (YTD) — — —
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Net Cash from Operations 209,073 216,440 -3.4%
Investing Activities
Payments To Acquire Equipment On Lease (YTD) — — —
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Payments To Acquire Equipment On Lease -310,637 -488,438 +36.4%
Proceeds From Sale Of Machinery And Equipment (YTD) — — —
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Proceeds From Sale Of Machinery And Equipment 194,263 117,852 +64.8%
Proceeds From Divestiture Of Businesses (YTD) — — —
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Proceeds From Divestiture Of Businesses 21,938 — —
Capital Expenditures (YTD) — — —
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Capital Expenditures -23,165 -2,753 -741.4%
Proceeds From Collection Of Notes Receivable (YTD) — — —
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Proceeds From Collection Of Notes Receivable 12,932 6,780 +90.7%
Payments To Acquire Interest In Joint Venture (YTD) — — —
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Payments To Acquire Interest In Joint Venture -3,528 — —
Net Cash from Investing (YTD) — — —
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Net Cash from Investing -108,197 -454,959 +76.2%
Transfer Of Portfolio Loans And Leases To Held For Sale1 (YTD) — — —
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Transfer Of Portfolio Loans And Leases To Held For Sale1 38,199 17,524 +118.0%
Transfer From Notes Receivable To Equipment Held For Operating Lease (YTD) — — —
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Transfer From Notes Receivable To Equipment Held For Operating Lease 24,544 — —
Transfers From Equipment Held For Operating Lease To Other Assets (YTD) — — —
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Transfers From Equipment Held For Operating Lease To Other Assets 22,500 — —
Noncash Or Part Noncash Divestiture Amount Of Consideration Receivable (YTD) — — —
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Noncash Or Part Noncash Divestiture Amount Of Consideration Receivable 22,500 — —
Non Cash Additions To Equipment Held For Operating Leases (YTD) — — —
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Non Cash Additions To Equipment Held For Operating Leases 8,145 54,606 -85.1%
Transfers From Spare Parts Inventory To Equipment Held For Sale (YTD) — — —
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Transfers From Spare Parts Inventory To Equipment Held For Sale 3,975 — —
Transfers From Equipment Held For Sale To Equipment Held For Operating Lease (YTD) — — —
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Transfers From Equipment Held For Sale To Equipment Held For Operating Lease 1,381 — —
Transfers From Equipment Held For Operating Lease To Spare Parts Inventory (YTD) — — —
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Transfers From Equipment Held For Operating Lease To Spare Parts Inventory 471 460 +2.4%
Financing Activities
Proceeds From Issuance Of Long Term Debt (YTD) — — —
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Proceeds From Issuance Of Long Term Debt 1,005,051 518,894 +93.7%
Repayments Of Long Term Debt (YTD) — — —
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Repayments Of Long Term Debt -1,029,826 -331,218 -210.9%
Tax Withholding for Share Compensation (YTD) — — —
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Tax Withholding for Share Compensation -18,734 -7,240 -158.8%
Debt Issuance Costs (YTD) — — —
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Debt Issuance Costs -9,149 -5,819 -57.2%
Payments Of Dividends Common Stock (YTD) — — —
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Payments Of Dividends Common Stock -5,661 -8,926 +36.6%
Payments Of Dividends Preferred Stock And Preference Stock (YTD) — — —
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Payments Of Dividends Preferred Stock And Preference Stock -4,342 -3,388 -28.2%
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans (YTD) — — —
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Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans 250 261 -4.2%
Net Cash from Financing (YTD) — — —
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Net Cash from Financing -62,411 175,614 -135.5%
Supplemental
Interest Paid (YTD) — — —
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Interest Paid 101,002 73,374 +37.7%
Income Taxes Paid (YTD) — — —
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Income Taxes Paid 3,469 5,827 -40.5%
Unpaid Capital Expenditures (YTD) — — —
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Unpaid Capital Expenditures 1,374 — —
Other Cash Flow
Net Change in Cash (YTD) — — —
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Net Change in Cash 38,465 -62,905 +161.1%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents (Q) — — —
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 170,967 105,124 +62.6%

Values in thousands USD. Source: SEC EDGAR 10-Q filing.

This table is rendered from the same JSON returned by /api/financials.

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