Willis Lease Finance Corporation
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $274.8M | $207.3M | $198.1M | $174.1M | $158.4M | $148.1M | $156.7M | $148.3M |
| Cost of Revenue | $40.8M | $13.3M | — | — | — | — | — | — |
| Gross Profit | $234.0M | $194.0M | — | — | — | — | — | — |
| Gross Margin | 85.1% | 93.6% | — | — | — | — | — | — |
| 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 | 10.5% | 10.7% | 5.9% | 6.0% | 4.9% | 0.6% | 14.4% | 12.5% |
| 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 | 22.6% | 6.8% | 3.3% | 4.1% | 9.9% | 1.0% | 9.3% | 8.1% |
| 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 | — | — | — | — | — | — | — | — |