Willis Lease Finance Corporation (WLFC) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 0 | 74.16M | 63.88M | 104.18M | 41.01M | 67.97M | 86.79M | 69.83M | 59.83M | 60.76M | 70.49M | 46.62M | 51.87M | 62.13M | 24.53M | 29.45M | 28.32M | 22.07M | 25.77M | 20.19M |
| Operating CF Margin % | - | 38.3% | 35.48% | 53.29% | 26% | 44.48% | 59.35% | 46.21% | 50.24% | 53.16% | 66.66% | 42.77% | 57.93% | 70.49% | 31.9% | 37.71% | 41.15% | 29.12% | 36.4% | 30.38% |
| Operating CF Growth % | -100% | 9.12% | -26.39% | 49.2% | -31.45% | 11.87% | 23.11% | 49.79% | 15.34% | -2.21% | 187.4% | 58.32% | 83.16% | 181.45% | -4.8% | 45.83% | 25.16% | 121.28% | -36.4% | 37.36% |
| Net Income | 0 | 5.1M | 24.25M | 60.38M | 16.87M | 20.99M | 24.1M | 42.57M | 20.86M | 10.95M | 14.62M | 13.82M | 4.39M | 14.34M | 6.39M | 5.91M | -21.2M | 1.74M | 2.88M | 58K |
| Depreciation & Amortization | 30.18M | 28.82M | 28.66M | 28.13M | 25.94M | 24.16M | 23.65M | 24.78M | 22.49M | 22.79M | 23.09M | 22.49M | 22.55M | 22.78M | 22.06M | 21.61M | 21.81M | 21.75M | 21.27M | 23.34M |
| Stock-Based Compensation | 0 | 9.63M | 0 | 16.75M | 6.91M | 10.9M | 10.39M | 4.15M | 3.81M | 4.13M | 3.87M | 3.86M | 2.94M | 2.73M | 3.15M | 3.04M | 4.63M | 4.7M | 4.58M | 4.54M |
| Deferred Taxes | 0 | -40.77M | 20.03M | 13.18M | 7.55M | 5.7M | 9.79M | 14.52M | 8.57M | 6.73M | 6.05M | 4.79M | 2.08M | 2.63M | 1.23M | 5.24M | -7.04M | 3.77M | 3.1M | -2.19M |
| Other Non-Cash Items | -30.18M | 56.64M | 10.06M | -59.24M | 3.15M | 2.89M | -1.79M | 8.38M | -8.32M | -1.7M | 1.32M | -1.25M | 3.1M | -1.33M | 1.61M | -3.55M | 23.05M | -11.55M | -1.24M | 4.41M |
| Working Capital Changes | 0 | 14.74M | -19.13M | 44.98M | -19.4M | 3.33M | 20.65M | -24.58M | 12.42M | 17.85M | 21.54M | 2.9M | 16.82M | 20.98M | -9.9M | -2.81M | 7.07M | 1.66M | -4.82M | -9.96M |
| Change in Receivables | 0 | 7.32M | -5.01M | 2.38M | -3.21M | -1.12M | 17.73M | 8.2M | -3.71M | -12.71M | 5.95M | -3.92M | -6.69M | -3.17M | -9.92M | 2.03M | -3.28M | 3.08M | 2.6M | -4.88M |
| Change in Inventory | 0 | -1.59M | 6.08M | 3.88M | 4.97M | 6M | 3.54M | 3.36M | -46.83M | 4.73M | -3.52M | -4.47M | 1.54M | 4.05M | 1.56M | 5.28M | 3.41M | 3.47M | 1.97M | 1.5M |
| Change in Payables | 0 | 20.94M | -11.15M | 22.58M | -23.9M | 9.17M | 2.7M | -43.34M | 52.17M | 0 | 0 | 0 | 7.61M | 942K | -1.66M | -6.17M | 0 | 0 | 0 | 0 |
| Cash from Investing | 0 | -148.2M | -105.95M | -15.94M | 13.69M | -309.95M | -179.95M | -211.24M | -63.76M | 39.37M | -29.1M | -38.76M | -64.28M | -50.61M | -135.02M | -2.45M | -6.3M | 32.87M | -79.38M | -36.01M |
| Capital Expenditures | 0 | 310.64M | -161.74M | -135.26M | -36.8M | -354.92M | -165.15M | -260.09M | -63.2M | -22.06M | -31.73M | -57.73M | -57.26M | -67.25M | -141.81M | -59.2M | -24.76M | -36.63M | -106.77M | -37.91M |
| CapEx % of Revenue | - | 160.44% | 89.84% | 69.18% | 23.33% | 232.28% | 112.95% | 172.11% | 53.07% | 19.31% | 30.01% | 52.96% | 63.95% | 76.29% | 184.44% | 75.82% | 35.98% | 48.32% | 150.82% | 57.04% |
| Acquisitions | 0 | 0 | 53.2M | 20.88M | -1.59M | 0 | 0 | 66.49M | 4.71M | 0 | 0 | 0 | 7.58M | 15.88M | 5.7M | 30.4M | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | -458.84M | 4.35M | 98.44M | 52.09M | 44.97M | -14.8M | -17.65M | -30.15M | 61.43M | 2.63M | 18.97M | -14.61M | 758K | 1.1M | 26.35M | 18.46M | 69.5M | 27.39M | 1.91M |
| Cash from Financing | 0 | 450.01M | -569.5M | 545.2M | -38.11M | 269.36M | 50.38M | 195.09M | -69.85M | 12.27M | -40.77M | -17.35M | -12.1M | -3.9M | 118.04M | -36.14M | -34.68M | -30.87M | -104M | 180.24M |
| Debt Issued (Net) | 0 | 458.78M | -566.32M | 575.79M | -34.38M | 277.99M | 41.72M | 214.77M | -68.87M | 22.3M | -39.67M | -10.93M | -11.46M | -2.9M | 118.75M | -28.43M | -32.26M | -25.07M | -98.09M | 190.52M |
| Equity Issued (Net) | 0 | -3.79M | 118K | -2K | 134K | -1M | 13.13M | -2K | 178K | -173K | 0 | -5.62M | 0 | -159K | -65K | -6.91M | -1.77M | -4.98M | -5.12M | -4.92M |
| Dividends Paid | 0 | -4.43M | -3.28M | -3.25M | -3.47M | -1.87M | -3.35M | -8.04M | -920K | -801K | -819K | -802K | -819K | -837K | -810K | -802K | -819K | -820K | -810K | -802K |
| Share Repurchases | 0 | -3.79M | 0 | 0 | 0 | -1M | -1.12M | 0 | 0 | -173K | 0 | -5.62M | -177K | -159K | -65K | -6.91M | -1.77M | -4.98M | -5.12M | -4.92M |
| Other Financing | 0 | -555K | -20K | -27.33M | -398K | -5.76M | -1.12M | -11.64M | -240K | -9.05M | -285K | 0 | 177K | 0 | 170K | 0 | 165K | 0 | 17K | -4.56M |
| Net Change in Cash | -326.36M | 375.97M | -611.57M | 633.44M | 16.59M | 27.38M | -42.79M | 53.67M | -73.79M | 112.4M | 620K | -9.49M | -24.51M | 7.63M | 7.55M | -9.14M | -12.66M | 24.07M | -157.62M | 164.43M |
| Free Cash Flow | 0 | -147.7M | -97.86M | -31.08M | 4.21M | -286.95M | -78.37M | -190.26M | -3.37M | 38.7M | 38.76M | -11.11M | -5.39M | -5.12M | -117.29M | -29.75M | 3.56M | -14.56M | -81M | -17.72M |
| FCF Margin % | - | -76.28% | -54.36% | -15.9% | 2.67% | -187.8% | -53.59% | -125.9% | -2.83% | 33.86% | 36.66% | -10.19% | -6.02% | -5.81% | -152.54% | -38.11% | 5.17% | -19.2% | -114.43% | -26.66% |
| FCF Growth % | -100% | 48.53% | -24.87% | 83.67% | 224.94% | -841.58% | -302.17% | -1612.23% | 37.49% | 856.06% | 133.05% | 62.65% | -251.35% | 64.84% | -44.79% | -67.89% | 188.91% | 95.42% | -331.95% | -239.15% |
| FCF per Share | - | -20.93 | -13.92 | -4.45 | 0.60 | -41.09 | -11.43 | -28.34 | -0.51 | 5.90 | 5.99 | -1.72 | -0.83 | -0.80 | -18.71 | -4.76 | 0.60 | -2.31 | -12.73 | -2.85 |
| FCF Conversion (FCF/Net Income) | - | 6.08x | 2.63x | 1.73x | 2.43x | 3.23x | 3.60x | 1.64x | 2.87x | 5.55x | 4.82x | 3.37x | 11.80x | 4.33x | 3.84x | 4.98x | -1.34x | 12.67x | 8.93x | 348.12x |
| Interest Paid | 0 | 0 | 0 | 31.96M | 31.1M | 27.31M | 26.21M | 0 | 0 | 21.47M | 8.22M | 24.09M | 23.13M | 17.05M | 15.23M | 16.21M | 15.06M | 11.98M | 16.94M | 17.88M |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | -48K | 48K | 0 | 0 | 324K | -135K | 137K | 179K | 344K | 1.02M | 666K | 213K | 20K | 162K | 1.06M |