wlfc: the income statement

MyFinsight

WILLIS LEASE FINANCE CORP (WLFC)

For the quarter ending 2025-06-30, WLFC made $195,502K in revenue. $58,955K in net income. Net profit margin of 30.16%.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

	2025-06-30	2025-03-31	2024-09-30	2024-06-30
Total revenue	195,502	157,732	146,223	151,120
Cost of spare parts and equipment sales	28,102	15,323	8,861	5,437
Write-down of equipment	11,458	2,109	605	-
Interest expense	33,569	32,094	27,813	24,562
Total net finance costs	33,569	32,094	27,813	24,562
General and administrative	50,429	47,720	40,037	34,687
Technical expense	7,508	6,230	5,151	4,518
Depreciation and amortization expense	27,550	25,024	23,650	22,167
Cost of maintenance services	8,621	5,329	6,402	5,671
Total expenses	167,237	133,829	112,519	97,042
Income from operations	28,265	23,903	33,704	54,078
Income from joint ventures	3,082	1,351	756	3,825
Gain on sale of business	42,950	-	-	-
Income before income taxes	74,297	25,254	34,460	57,903
Income tax expense	13,920	8,385	10,364	15,317
Net income	60,377	16,869	24,096	42,586
Accretion of preferred stock issuance costs	69	70	15	12
Preferred stock dividends	1,353	1,323	948	910
Net income attributable to common shareholders	58,955	15,476	23,133	41,664

Basic weighted average common shares outstanding (in shares)	6,789,000	6,606,000	6,582,000	6,570,000
Basic weighted average income per common share (in dollars per share)	8.68	2.34	3.51	6.34
Diluted weighted average common shares outstanding (in shares)	6,990,000	7,000,000	6,859,000	6,714,000
Diluted weighted average income per common share (in dollars per share)	8.43	2.21	3.37	6.21

Unit: Thousand (K) dollars (except for numbers of shares and EPS)