WILLIS LEASE FINANCE CORP
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $554.0M | $497.5M | $442.9M | $405.5M | $368.7M | $336.3M | $313.9M | $295.4M |
| Insurance | $495.6M | $450.3M | $404.1M | $372.4M | $340.5M | $309.2M | $288.7M | $268.9M |
| Financial | $58.4M | $47.2M | $38.8M | $33.1M | $28.2M | $27.1M | $25.2M | $26.5M |
| Cost of Revenue | $40.8M | $13.3M | — | — | — | — | — | — |
| Gross Profit | $513.2M | $484.2M | — | — | — | — | — | — |
| Gross Margin | 92.6% | 97.3% | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $55.7M | $47.8M | $42.7M | $35.9M | $33.9M | $34.6M | $35.7M | $29.3M |
| Operating Income | $28.9M | $22.1M | $11.6M | $10.4M | $7.8M | $937.0K | $22.6M | $18.6M |
| Operating Margin | 5.2% | 4.4% | 2.6% | 2.6% | 2.1% | 0.3% | 7.2% | 6.3% |
| Interest Expense | $48.7M | $41.1M | $39.0M | $37.1M | $38.7M | $31.7M | $35.2M | $40.9M |
| Pretax Income | $36.0M | $23.9M | $12.8M | $11.7M | $11.3M | $2.7M | $23.9M | $19.7M |
| Income Tax Expense | $-26.1M | $9.9M | $6.3M | $4.6M | $-4.3M | $1.2M | $9.4M | $7.6M |
| Net Income | $62.2M | $14.1M | $6.5M | $7.2M | $15.6M | $1.5M | $14.5M | $12.1M |
| Net Margin | 11.2% | 2.8% | 1.5% | 1.8% | 4.2% | 0.5% | 4.6% | 4.1% |
| EPS (Basic) | $9.93 | $2.10 | $0.83 | $0.91 | $1.95 | $-0.45 | $1.35 | $1.03 |
| EPS (Diluted) | $9.69 | $2.05 | $0.81 | $0.88 | $1.89 | $-0.43 | $1.28 | $0.96 |
| Shares Outstanding (Basic) | 6.1M | 6.6M | 7.8M | 7.9M | 8.0M | 8.5M | 8.4M | 8.7M |
| Shares Outstanding (Diluted) | 6.2M | 6.7M | 8.0M | 8.1M | 8.3M | 8.8M | 8.9M | 9.3M |
| Dividends Per Share | — | — | — | — | — | — | — | — |