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WLFC Willis Lease Finance

Willis Lease Finance Corp. engages in the provision of commercial aircraft and aircraft engines services. It operates through the Leasing and Related Operations, and Spare Parts Sales segments. The Leasing and Related Operations segment leases aircraft engines and aircraft and provides related services to a diversified group of commercial aircraft operators and maintenance, repair, and overhaul organizations. The Spare Parts Sales segment offers aircraft engine parts and materials through the acquisition or consignment of engines from third parties. The company was founded by Charles F. Willis, IV in 1985 and is headquartered in Coconut Creek, FL.

Company profile

WLFC stock data

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Calendar

15 Mar 21
11 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 78.93M 78.93M 78.93M 78.93M 78.93M 78.93M
Cash burn (monthly) 26.31M (positive/no burn) 2.33M (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 88.74M n/a 7.87M n/a n/a n/a
Cash remaining -9.81M n/a 71.05M n/a n/a n/a
Runway (months of cash) -0.4 n/a 30.4 n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Apr 21 Flaherty Scott B. Common Stock Grant Aquire A No No 42.79 8,480 362.86K 94,283
1 Apr 21 Flaherty Scott B. Common Stock Grant Aquire A No No 42.79 12,720 544.29K 85,803
1 Apr 21 Flaherty Scott B. Common Stock Payment of exercise Dispose F No No 42.79 5,818 248.95K 73,083
1 Apr 21 Hole Brian Richard Common Stock Grant Aquire A No No 42.79 11,960 511.77K 97,670
1 Apr 21 Hole Brian Richard Common Stock Grant Aquire A No No 42.79 17,940 767.65K 85,710
1 Apr 21 Hole Brian Richard Common Stock Payment of exercise Dispose F No No 42.79 10,460 447.58K 67,770
1 Apr 21 Willis Charles F Iv Common Stock Grant Aquire A No No 42.79 28,800 1.23M 857,911
1 Apr 21 Willis Charles F Iv Common Stock Grant Aquire A No No 42.79 91,200 3.9M 829,111
1 Apr 21 Willis Charles F Iv Common Stock Payment of exercise Dispose F No No 42.79 64,491 2.76M 737,911
1 Apr 21 Poulakidas Dean Michael Common Stock Grant Aquire A No No 42.79 8,480 362.86K 100,350

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

35.9% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 44 48 -8.3%
Opened positions 2 3 -33.3%
Closed positions 6 2 +200.0%
Increased positions 16 9 +77.8%
Reduced positions 14 25 -44.0%
13F shares
Current Prev Q Change
Total value 100.92M 128.29M -21.3%
Total shares 2.15M 2.45M -12.0%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Dimensional Fund Advisors 504.26K $15.36M -1.0%
Renaissance Technologies 383.69K $11.69M -2.7%
M3F 200.74K $6.11M +28.5%
BLK Blackrock 184.26K $5.61M +3.5%
Vanguard 139.48K $4.25M -9.3%
Philadelphia Financial Management of San Francisco 99.63K $3.04M +58.3%
Bridgeway Capital Management 79.83K $2.43M +6.7%
Geode Capital Management 54.32K $1.65M +2.8%
LSV Asset Management 52.7K $1.61M 0.0%
STT State Street 48.33K $1.47M +24.9%
Largest transactions
Shares Bought/sold Change
Water Island Capital 0 -312.5K EXIT
Maven Securities 0 -44.99K EXIT
M3F 200.74K +44.53K +28.5%
Philadelphia Financial Management of San Francisco 99.63K +36.7K +58.3%
EAM Investors 36.15K +36.15K NEW
Latash Investments 0 -25K EXIT
California Public Employees Retirement System 0 -18.57K EXIT
Vanguard 139.48K -14.31K -9.3%
BK Bank Of New York Mellon 34.41K -12.49K -26.6%
Renaissance Technologies 383.69K -10.5K -2.7%

Financial report summary

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Management Discussion
  • Lease Rent Revenue. Lease rent revenue consists of rental income from long-term and short-term engine leases, aircraft leases, and other leased parts and equipment. Lease rent revenue decreased by $47.8 million, or 25.1%, to $142.9 million for the year ended December 31, 2020 from $190.7 million for the year ended December 31, 2019. The decrease is primarily due to lower average utilization and rent concessions for reduced rent of $6.5 million given during 2020, directly related to impacts of the COVID-19 pandemic, when compared to the prior year. During the year ended December 31, 2020, we purchased equipment (including capitalized costs) totaling $409.3 million, which primarily consisted of 38 engines and other parts and equipment purchased for our lease portfolio. During the year ended December 31, 2019, 45 engines, 6 aircraft, one marine vessel and other lease equipment were added to our lease portfolio at a total cost of $289.4 million (including capitalized costs).
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