For the quarter ending 2026-03-31, WLFC had -$326,364K decrease in cash & cash equivalents over the period. $53,137K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 25,083 | 12,188 | 24,324 | 77,246 |
| Gain on sale of business | - | 0 | 0 | 42,950 |
| Loss on debt extinguishment | - | -3,036 | 0 | -45 |
| Loss on disposal of property, equipment and furnishings | - | -45 | - | - |
| Gain on insurance proceeds | - | 0 | 0 | 0 |
| Depreciation and amortization expense | 30,178 | 30,317 | 28,662 | 52,574 |
| Gain on sale of leased equipment | 17,959 | 5,872 | 16,134 | 32,019 |
| Loss on derivative instruments | - | 0 | 2,980 | - |
| Stock-based compensation expense | 13,752 | 9,627 | 11,281 | 23,658 |
| Loss on debt extinguishment | -4,064 | - | -2,963 | - |
| Accretion of deferred costs and note discounts | 3,117 | 2,779 | 2,977 | 5,033 |
| Income from investments | 3,048 | 3,740 | 5,192 | 4,433 |
| Write-down of equipment | 1,149 | 9,179 | 10,201 | 13,567 |
| Payments received on sales-type leases | 811 | 506 | 499 | 5,210 |
| Gain on derivative instruments | 701 | - | - | - |
| Amortization of contract-based intangible asset | - | 1,497 | - | - |
| Gain on sale of financial assets | 438 | 0 | 0 | 378 |
| Allowances and provisions | 182 | -791 | 416 | -169 |
| Gain on disposal of property, equipment and furnishings | 2 | - | - | - |
| Amortization of contract asset | -1,497 | - | 0 | 1,497 |
| Deferred income taxes | -11,394 | -5,109 | -20,033 | -20,733 |
| Receivables | 3,420 | -7,319 | 5,011 | 828 |
| Inventory | -3,932 | 1,594 | -6,083 | -8,852 |
| Other assets | -6,146 | 23,546 | 4,939 | -890 |
| Distributions received from joint ventures | - | 3,766 | 0 | - |
| Due from affiliates | 229 | - | - | - |
| Accounts payable and accrued expenses | -27,050 | 20,937 | -11,147 | -1,325 |
| Maintenance reserves | 9,417 | 9,990 | -5,159 | 21,315 |
| Security deposits | 253 | 1,177 | -1,499 | -280 |
| Unearned revenue | -2,411 | -953 | -454 | -3,607 |
| Net cash provided by operating activities | 56,677 | 74,162 | 63,882 | 145,191 |
| Issuance of notes receivable | - | 0 | 0 | 0 |
| Insurance proceeds received on property, equipment and furnishings | - | 0 | 0 | 0 |
| Proceeds from sale of notes receivable (net of selling expenses) | 71,591 | - | - | - |
| Proceeds from sale of equipment (net of selling expenses) | 71,412 | 75,399 | 52,314 | 141,949 |
| Purchase of equipment held for operating lease and for sale | 57,153 | 213,942 | 155,693 | 154,944 |
| Purchase of investments and contributions to joint ventures | 21,152 | 5,718 | 1,758 | 1,770 |
| Proceeds from sale of business | - | 0 | 883 | 21,055 |
| Proceeds from lease payment, sales-type and direct financing leases, investing activity | 15,513 | - | - | - |
| Purchase of property, equipment and furnishings | 3,540 | 7,917 | 6,048 | 17,117 |
| Payments received on notes receivable | 3,238 | 3,978 | 4,352 | 8,580 |
| Net cash provided by investing activities | 79,909 | -148,200 | -105,950 | -2,247 |
| Principal payments on debt obligations | 577,384 | 191,683 | 720,185 | 309,641 |
| Proceeds from debt obligations | 127,000 | 655,900 | 154,000 | 851,051 |
| Debt issuance costs | 4,538 | 5,435 | 132 | 9,017 |
| Proceeds from issuance of preferred stock | - | 0 | 0 | - |
| Common stock cash dividends paid | 3,113 | 3,059 | 1,912 | 3,749 |
| Cancellation of restricted stock units in satisfaction of withholding tax | 2,884 | 555 | 20 | 18,714 |
| Preferred stock dividends | 1,368 | 1,368 | 1,369 | 2,973 |
| Repurchase of common stock | - | 3,788 | - | - |
| Payment for debt extinguishment or debt prepayment cost | 884 | - | - | - |
| Proceeds from shares issued under stock compensation plans | 221 | 0 | 118 | 132 |
| Net cash used in financing activities | -462,950 | 450,012 | -569,500 | 507,089 |
| (decrease) increase in cash, cash equivalents and restricted cash | -326,364 | 375,974 | -611,568 | 650,033 |
| Cash, cash equivalents and restricted cash at beginning of period | 546,941 | 170,967 | 132,502 | - |
| Cash, cash equivalents and restricted cash at end of period | 220,577 | 546,941 | 170,967 | - |
WILLIS LEASE FINANCE CORP (WLFC)
WILLIS LEASE FINANCE CORP (WLFC)