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Willis Lease Finance (WLFC)

Willis Lease Finance Corporation leases large and regional spare commercial aircraft engines, auxiliary power units and aircraft to airlines, aircraft engine manufacturers and maintenance, repair and overhaul providers in 120 countries. These leasing activities are integrated with engine and aircraft trading, engine lease pools and asset management services supported by cutting edge technology through its subsidiary Willis Asset Management, as well as various end-of-life solutions for aircraft, engines and aviation materials provided through its subsidiary, Willis Aeronautical Services, Inc.

Company profile

Ticker
WLFC
Exchange
CEO
Charles Willis
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
WEST Engine Funding LLC • Willis Lease (Ireland) Limited • WLFC (Ireland) Limited • WLFC Funding (Ireland) Limited • Willis Lease Finance (Ireland) Limited • Willis Lease Finance (China) Limited • WEST Engine Acquisition LLC • Facility Engine Acquisition LLC • WEST V Engines (Ireland) Limited • Willis Aeronautical Services, Inc. ...
IRS number
680070656

WLFC stock data

Calendar

5 Aug 22
12 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 73.84M 73.84M 73.84M 73.84M 73.84M 73.84M
Cash burn (monthly) 3.05M 12.95M (no burn) 339.75K (no burn) (no burn)
Cash used (since last report) 4.42M 18.79M n/a 493.01K n/a n/a
Cash remaining 69.42M 55.05M n/a 73.35M n/a n/a
Runway (months of cash) 22.8 4.3 n/a 215.9 n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
4 Aug 22 Flaherty Scott B. Common Stock Sell Dispose S No Yes 40.02 3,292 131.75K 82,239
1 Aug 22 Flaherty Scott B. Common Stock Grant Acquire A No No 18.5215 500 9.26K 87,239
1 Aug 22 Hole Brian Richard Common Stock Grant Acquire A No No 18.5215 500 9.26K 78,404
30 Jun 22 Willis Austin Chandler Common Stock Gift Acquire G Yes No 0 1,324 0 5,337
30 Jun 22 Willis Austin Chandler Common Stock Gift Acquire G Yes No 0 2,647 0 7,922
30 Jun 22 Willis Austin Chandler Common Stock Gift Acquire G Yes No 0 1,324 0 5,337
30 Jun 22 Willis Charles F Iv Common Stock Gift Acquire G Yes No 0 1,986 0 10,698
30 Jun 22 Willis Charles F Iv Common Stock Gift Dispose G No No 0 2,647 0 932,172
30 Jun 22 Willis Charles F Iv Common Stock Gift Dispose G No No 0 1,324 0 934,819
30 Jun 22 Willis Charles F Iv Common Stock Gift Dispose G No No 0 1,324 0 936,143
31.3% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 45 42 +7.1%
Opened positions 4 3 +33.3%
Closed positions 1 4 -75.0%
Increased positions 8 19 -57.9%
Reduced positions 20 9 +122.2%
13F shares Current Prev Q Change
Total value 191.72M 224.83M -14.7%
Total shares 4.71M 4.63M +1.8%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners Shares Value Change
Willis Charles F Iv 2.13M $80.82M 0.0%
Dimensional Fund Advisors 499.92K $16.09M +0.1%
M3F 487.76K $15.7M +14.1%
M3 Partners 427.45K $0 0.0%
Renaissance Technologies 312.3K $10.05M -3.2%
BLK Blackrock 185.06K $5.96M -2.3%
RBF Capital 107.1K $3.45M +79.2%
Vanguard 90.37K $2.91M +0.3%
Bridgeway Capital Management 76.93K $2.48M 0.0%
BAC Bank Of America 63.72K $2.05M -3.2%
Largest transactions Shares Bought/sold Change
M3F 487.76K +60.31K +14.1%
RBF Capital 107.1K +47.32K +79.2%
Renaissance Technologies 312.3K -10.38K -3.2%
Millennium Management 8.39K +8.39K NEW
LSV Asset Management 7.31K -6.61K -47.5%
BLK Blackrock 185.06K -4.29K -2.3%
BCS Barclays 471 -3.05K -86.6%
Geode Capital Management 50.88K -3.03K -5.6%
JPM JPMorgan Chase & Co. 1.81K -2.41K -57.2%
Connor, Clark & Lunn Investment Management 12.07K -2.41K -16.7%

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 increased by $4.3 million, or 13.2%, to $36.7 million in the three months ended June 30, 2022 from $32.4 million for the three months ended June 30, 2021. The increase is due to an increase in the number of engines placed on lease as supported by an increase in utilization compared to the prior year period. During the three months ended June 30, 2022, we purchased equipment (including capitalized costs) totaling $57.1 million, which consisted of four engines and other parts and equipment purchased for our lease portfolio. During the three months ended June 30, 2021, we purchased equipment (including capitalized costs) totaling $37.3 million, which consisted of five engines and one aircraft purchased for our lease portfolio.

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