Company Quick10K Filing
Willis Lease Finance
10-K 2019-12-31 Filed 2020-03-12
10-Q 2019-09-30 Filed 2019-11-06
10-Q 2019-06-30 Filed 2019-08-07
10-Q 2019-03-31 Filed 2019-05-08
10-K 2018-12-31 Filed 2019-03-14
10-Q 2018-09-30 Filed 2018-11-07
10-Q 2018-06-30 Filed 2018-08-08
10-Q 2018-03-31 Filed 2018-05-10
10-K 2017-12-31 Filed 2018-03-15
10-Q 2017-09-30 Filed 2017-11-09
10-Q 2017-06-30 Filed 2017-08-09
10-Q 2017-03-31 Filed 2017-05-10
10-K 2016-12-31 Filed 2017-03-16
10-Q 2016-09-30 Filed 2016-11-09
10-Q 2016-06-30 Filed 2016-08-16
10-Q 2016-03-31 Filed 2016-05-10
10-K 2015-12-31 Filed 2016-03-11
10-Q 2015-09-30 Filed 2015-11-05
10-Q 2015-06-30 Filed 2015-08-06
10-Q 2015-03-31 Filed 2015-05-08
10-K 2014-12-31 Filed 2015-03-16
10-Q 2014-09-30 Filed 2014-11-06
10-Q 2014-06-30 Filed 2014-08-11
10-Q 2014-03-31 Filed 2014-05-06
10-K 2013-12-31 Filed 2014-03-17
10-Q 2013-09-30 Filed 2013-11-08
10-Q 2013-06-30 Filed 2013-08-06
10-Q 2013-03-31 Filed 2013-05-07
10-K 2012-12-31 Filed 2013-03-18
10-Q 2012-09-30 Filed 2012-11-09
10-Q 2012-06-30 Filed 2012-08-07
10-Q 2012-03-31 Filed 2012-05-07
10-K 2011-12-31 Filed 2012-03-13
10-Q 2011-09-30 Filed 2011-11-09
10-Q 2011-06-30 Filed 2011-08-08
10-Q 2011-03-31 Filed 2011-05-09
10-K 2010-12-31 Filed 2011-03-15
10-Q 2010-09-30 Filed 2010-11-08
10-Q 2010-06-30 Filed 2010-08-09
10-Q 2010-03-31 Filed 2010-05-10
10-K 2009-12-31 Filed 2010-03-16
8-K 2020-03-16 Regulation FD
8-K 2020-03-11 Earnings, Regulation FD, Exhibits
8-K 2020-03-03 Enter Agreement, Off-BS Arrangement
8-K 2020-02-18 Enter Agreement, Other Events, Exhibits
8-K 2020-02-13 Other Events, Exhibits
8-K 2020-02-10 Other Events
8-K 2019-12-13 Enter Agreement
8-K 2019-12-12 Enter Agreement
8-K 2019-11-04 Earnings, Regulation FD, Exhibits
8-K 2019-08-06 Earnings, Regulation FD, Exhibits
8-K 2019-06-07 Enter Agreement, Off-BS Arrangement, Regulation FD, Exhibits
8-K 2019-05-23 Shareholder Vote
8-K 2019-05-06 Earnings, Regulation FD, Exhibits
8-K 2019-03-12 Earnings, Regulation FD, Exhibits
8-K 2019-02-20 Other Events, Exhibits
8-K 2019-01-08 Other Events, Exhibits
8-K 2018-12-28 Other Events
8-K 2018-12-14 Other Events
8-K 2018-11-05 Earnings, Regulation FD, Exhibits
8-K 2018-10-15 Other Events
8-K 2018-09-12 Other Events
8-K 2018-08-27 Other Events
8-K 2018-08-22 Enter Agreement, Off-BS Arrangement
8-K 2018-08-16 Enter Agreement, Other Events, Exhibits
8-K 2018-08-08 Other Events, Exhibits
8-K 2018-08-06 Earnings, Regulation FD, Exhibits
8-K 2018-07-27 Enter Agreement
8-K 2018-05-25 Shareholder Vote
8-K 2018-05-07 Earnings, Regulation FD, Exhibits
8-K 2018-03-29 Other Events
8-K 2018-03-16 Enter Agreement
8-K 2018-03-13 Earnings, Regulation FD, Exhibits

Willis Lease Finance Financials

WLFC Metrics, Comps, Filings

Quarterly | Annual

Business

Willis Lease Finance Corporation with its subsidiaries (“WLFC”) is a leading lessor and servicer of commercial aircraft and aircraft engines. Our principal business objective is to build value for our shareholders by acquiring commercial aircraft and engines and managing those assets in order to provide a return on investment, primarily through lease rent and maintenance reserve revenues, as well as through management fees earned for managing assets owned by other parties. As of December 31, 2018, we had a total lease portfolio consisting of 244 engines and related equipment, 17 aircraft and 10 other leased parts and equipment with 81 lessees in 47 countries with an aggregate net book value of $1,673.1 million. In addition to our owned portfolio, as of December 31, 2018, we managed a total lease portfolio of 440 engines, aircraft and related equipment for other parties.

In 2013, we launched Willis Aeronautical Services, Inc. (“Willis Aero”), a wholly-owned subsidiary, whose primary focus is the sale of aircraft engine parts and materials through the acquisition or consignment from third parties of aircraft and engines.

In 2016, we purchased, through our wholly owned subsidiary Willis Asset Management Limited (“Willis Asset Management”), the business and assets of Total Engine Support Limited (“TES”). TES was the engine management and consulting business of the TES Aviation Group. Willis Asset Management had 404 engines, excluding WLFC engines, under management as of December 31, 2018.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Quarterly)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Quarterly)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Schnitzer Steel Industries (SCHN) 664 13% 5.7 5% 1,161 459 2,133 274 58 134 757
Establishment Labs (ESTA) 391 59% -14.0 -28% 118 74 65 39 -33 -25 348
Park Ohio (PKOH) 388 16% 8.3 4% 1,319 986 1,645 265 47 111 920
Willis Lease Finance (WLFC) 347 62% 7.9 3% 1,930 1,535 438 273 62 195 1,545
Sientra (SIEN) 324 60% -2.4 -51% 220 124 80 48 -111 -105 248
Lawson Products (LAWS) 324 53% 16.7 5% 208 95 282 151 10 19 314
RTI Surgical (RTIX) 292 50% 41.0 -1% 361 111 281 140 -3 8 330
Conformis (CFMS) 128 48% -4.3 -45% 73 53 80 38 -33 -27 118
Northern Technologies International (NTIC) 113 32% 16.5 8% 68 11 56 18 6 7 107
Invacare (IVC) 261 28% 75.7 -4% 847 532 940 262 -36 5 398
Lakeland Industries (LAKE) 96 34% 15.9 2% 99 15 80 27 2 6 88
Shiloh Industries (SHLO) 95 9% 7.8 -3% 652 484 1,055 91 -20 42 329
Virco Manufacturing (VIRC) 67 39% 4.8 5% 140 75 164 65 7 17 80
Precision Therapeutics (AIPT) 13 72% 105.9 0% 5 2 1 1 0 0 13
Alpha Pro Tech (APT) 49 37% 11.9 7% 38 5 36 13 3 4 44
Hudson Technologies (HDSN) 29 10% -18.2 -11% 204 149 162 15 -23 -6 116
Rewalk Robotics (RWLK) 23 54% -0.8 -42% 28 14 4 2 -12 -12 9
Nanovibronix (NAOV) 19 69% -3.7 -150% 3 1 0 0 -5 -5 17
Milestone Scientific (MLSS) 47 69% -10.0 -75% 6 8 6 4 -5 -5 45
Myomo (MYO) 13 73% -1.1 -131% 6 2 2 2 -8 -8 9

Balance Sheet ($MM)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash10780768614954253235385153454751465128343239282229547247574716482818881
Accounts Receivable87879913109513141012915142314161412161213161925202523254734
Inventory331413181917242318
PP&E777777655555518182121341335171717171716162626262628282831
Assets1,1911,0951,1331,1271,1171,1111,0791,1481,1461,1391,1991,1931,1791,1871,2621,2601,2821,2851,3091,2771,2921,2911,3381,3231,3861,4361,6031,7251,7831,9651,9351,9061,9311,930
Accounts Payable
Long-Term Debt6886906977577447447887677547618418428618528798628918999148859349511,1041,1971,2491,4131,3581,3181,3071,279
Liabilities9608638978888738688799469339339879759609701,0451,0411,0641,0651,0981,0671,0961,0951,1221,0981,1571,1711,2951,4181,4691,6451,5991,5481,5611,535
Stockholders' Equity231232237238243243200202213206213218219217217219218220210210196196196205209216259257265271287307320345
Income Statement ($MM)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Revenue39393836353840353838474347434643435855515051557894666364747811810496120
Cost of Revenue566141320
Gross Profit5968728983100
R&D
SG&A99109979897610129810912121211121313141415161818212123
Tax24022001-800211-01-0243232683-40334757
Net Income32434-72210-27491-02-033434381054371010211724
Cash Flow ($MM)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash Operating31208201319202121191612162112374020212832463125304228365679
Cash Investing69-497-18-14-85-614-163-1-20-92-20-41-46-513-20-44-63-7-49-202-112-94-645-30-58
Cash Financing-10129-1610-1162-11-3543-19-18678130212-208530-30361529242153-42-19-28