Willis Lease Finance Corporation
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $113.8M | $108.6M | $43.8M | $5.4M | $3.4M | $9.7M | $66.9M | $43.2M |
| Depreciation & Amortization | $111.6M | $92.5M | $90.9M | $88.3M | $90.5M | $94.5M | $86.2M | $76.8M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $1.5M | $2.7M | $0 | — | — | — | — | — |
| Stock-Based Compensation | $44.6M | $29.2M | $14.8M | $13.6M | $16.6M | $11.4M | $7.8M | $5.4M |
| Net Cash from Operating Activities | $283.2M | $284.4M | $229.7M | $144.4M | $90.7M | $93.4M | $230.3M | $188.7M |
| Investing Activities | ||||||||
| Capital Expenditures | $31.1M | $15.6M | $5.1M | $6.6M | $2.2M | $3.0M | $6.3M | $3.5M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-256.4M | $-764.9M | $-92.8M | $-194.4M | $-148.0M | $-506.7M | $-147.4M | $-380.5M |
| Financing Activities | ||||||||
| Dividends Paid | $8.7M | $10.7M | $0 | — | — | — | — | — |
| Stock Repurchases | $3.8M | $0 | $9.4M | $5.2M | $10.1M | $1.5M | $3.6M | $16.1M |
| Net Cash from Financing Activities | $387.6M | $445.0M | $-57.9M | $43.3M | $74.1M | $428.5M | $-101.2M | $226.4M |
| Net Change in Cash | $414.4M | $-35.5M | $79.0M | $-6.6M | $16.7M | $15.3M | $-18.3M | $34.6M |
| Free Cash Flow | $252.2M | $268.8M | $224.6M | $137.8M | $88.5M | $90.5M | $224.0M | $185.2M |