WILLIS LEASE FINANCE CORP (WLFC) FY2026 YTD Q2 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2026-01-01 to 2026-06-30

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WILLIS LEASE FINANCE CORP cash flow reconciliation, Jan 1, 2026 through Jun 30, 2026One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Orange marks positive customer-advance and deferred-revenue changes that add to operating cash in the reconciliation. These are net changes, not gross customer receipts. Negative changes are neutral reconciliation adjustments; they do not by themselves identify cash payments. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net income → Net cash from operating activities: $55,403,000.00Depreciation and amortization expense → Operating adjustments reconciliation: $59,246,000.00Stock-based compensation expense → Operating adjustments reconciliation: $26,455,000.00Deferred income taxes → Operating adjustments reconciliation: $18,367,000.00Maintenance reserves → Operating adjustments reconciliation: $13,194,000.00Loss on debt extinguishment → Operating adjustments reconciliation: $12,448,000.00Inventory → Operating adjustments reconciliation: $10,918,000.00Accretion of deferred costs and note discounts → Operating adjustments reconciliation: $6,390,000.00Write-down of equipment → Operating adjustments reconciliation: $6,059,000.00Other assets → Operating adjustments reconciliation: $4,682,000.00Payments received on sales-type leases → Operating adjustments reconciliation: $1,164,000.00Due to affiliates → Operating adjustments reconciliation: $886,000.00Allowances and provisions → Operating adjustments reconciliation: $20,000.00Operating adjustments reconciliation → Net cash from operating activities: $78,796,000.00Operating adjustments reconciliation → Gain on sale of leased equipment: $49,997,000.00Operating adjustments reconciliation → Accounts payable and accrued expenses: $11,246,000.00Operating adjustments reconciliation → Income from investments: $7,220,000.00Operating adjustments reconciliation → Receivables: $5,706,000.00Operating adjustments reconciliation → Due from affiliates: $3,188,000.00Operating adjustments reconciliation → Unearned revenue: $2,246,000.00Operating adjustments reconciliation → Gain on derivative instruments: $701,000.00Operating adjustments reconciliation → Gain on sale of financial assets: $592,000.00Operating adjustments reconciliation → Security deposits: $114,000.00Operating adjustments reconciliation → (Gain) loss on disposal of property, equipment and furnishings: $23,000.00Proceeds from sale of equipment (net of selling expenses) → investing reconciliation: $302,836,000.00Proceeds from sale of notes receivable (net of selling expenses) → investing reconciliation: $88,371,000.00Proceeds from sale of investments in sales-type leases → investing reconciliation: $15,513,000.00Payments received on notes receivable → investing reconciliation: $5,345,000.00investing reconciliation → Purchase of equipment held for operating lease and for sale: $401,934,000.00investing reconciliation → Issuance of notes receivable: $42,484,000.00investing reconciliation → Purchase of investments and contributions to joint ventures: $39,586,000.00investing reconciliation → Purchase of property, equipment and furnishings: $6,287,000.00Net cash used in financing activities → financing reconciliation: $430,692,000.00Proceeds from debt obligations → financing reconciliation: $803,000,000.00Contributions from non-controlling interest holders → financing reconciliation: $2,115,000.00Proceeds from shares issued under stock compensation plans → financing reconciliation: $222,000.00financing reconciliation → Principal payments on debt obligations: $1,182,898,000.00financing reconciliation → Cancellation of restricted stock units in satisfaction of withholding tax: $27,914,000.00financing reconciliation → Debt issuance costs: $11,519,000.00financing reconciliation → Common stock cash dividends paid: $6,158,000.00financing reconciliation → Debt extinguishment payments: $4,834,000.00financing reconciliation → Preferred stock dividends: $2,706,000.00Net cash used in investing activities → investing reconciliation: $78,226,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $546,941,000.00Net cash from operating activities → Cash sources and uses: $134,199,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $172,222,000.00Cash sources and uses → Net cash used in investing activities: $78,226,000.00Cash sources and uses → Net cash used in financing activities: $430,692,000.00Net income: $55,403,000.00Net income+$55.40 MDepreciation and amortization expense: $59,246,000.00Depreciation & amortization+$59.25 MGain on sale of leased equipment: -$49,997,000.00Gain on sale of leased equipment−$50.00 MStock-based compensation expense: $26,455,000.00Stock-based compensation+$26.46 MLoss on debt extinguishment: $12,448,000.00Debt extinguishment gain & loss+$12.45 MIncome from investments: -$7,220,000.00Equity-method results−$7.22 MAccretion of deferred costs and note discounts: $6,390,000.00Note cost & discount accretion+$6.39 MWrite-down of equipment: $6,059,000.00Write-down of equipment+$6.06 MPayments received on sales-type leases: $1,164,000.00Lease receipts+$1.16 MGain on derivative instruments: -$701,000.00Derivative gain & loss, pretax−$701.00 KGain on sale of financial assets: -$592,000.00Gain on sale of financial assets−$592.00 K(Gain) loss on disposal of property, equipment and furnishings: -$23,000.00PP&E disposal gain & loss−$23.00 KAllowances and provisions: $20,000.00Loan & lease loss provision+$20.00 KGain on sale of business: $0.00Amortization of contract asset: $0.00Deferred income taxes: $18,367,000.00Deferred tax balances+$18.37 MReceivables: -$5,706,000.00Accounts receivable−$5.71 MInventory: $10,918,000.00Inventories+$10.92 MOther assets: $4,682,000.00Other operating assets+$4.68 MDue from affiliates: -$3,188,000.00Due from affiliates−$3.19 MAccounts payable and accrued expenses: -$11,246,000.00Payables & accrued liabilities−$11.25 MMaintenance reserves: $13,194,000.00Maintenance reserves+$13.19 MSecurity deposits: -$114,000.00Deposits & other assets−$114.00 KUnearned revenue: -$2,246,000.00Deferred revenue−$2.25 MDue to affiliates: $886,000.00Affiliate payables+$886.00 KNet cash from operating activities: $134,199,000.00Operating cash+$134.20 MOperating adjustments reconciliation: $159,829,000.00Principal payments on debt obligations: -$1,182,898,000.00Long-term debt repaid−$1.18 BProceeds from debt obligations: $803,000,000.00Long-term debt issued+$803.00 MCancellation of restricted stock units in satisfaction of withholding tax: -$27,914,000.00Stock-award tax withholding−$27.91 MDebt issuance costs: -$11,519,000.00Debt issuance costs−$11.52 MCommon stock cash dividends paid: -$6,158,000.00Common dividends paid−$6.16 MDebt extinguishment payments: -$4,834,000.00Debt extinguishment costs−$4.83 MPreferred stock dividends: -$2,706,000.00Preferred dividends paid−$2.71 MContributions from non-controlling interest holders: $2,115,000.00From noncontrolling interests+$2.12 MProceeds from shares issued under stock compensation plans: $222,000.00Employee stock plan proceeds+$222.00 KNet cash used in financing activities: -$430,692,000.00. Cash required to fund net payments.Financing cash−$430.69 Mfinancing reconciliation: $1,236,029,000.00Proceeds from sale of notes receivable (net of selling expenses): $88,371,000.00Notes receivable sold+$88.37 MProceeds from sale of equipment (net of selling expenses): $302,836,000.00Equipment sales+$302.84 MPurchase of equipment held for operating lease and for sale: -$401,934,000.00Lease equipment purchases−$401.93 MPurchase of investments and contributions to joint ventures: -$39,586,000.00Joint venture investments−$39.59 MProceeds from sale of business (net of cash and cash equivalents sold with business): $0.00Purchase of property, equipment and furnishings: -$6,287,000.00PP&E purchases−$6.29 MPayments received on notes receivable: $5,345,000.00Notes receivable collected+$5.35 MIssuance of notes receivable: -$42,484,000.00Notes receivable issued−$42.48 MProceeds from sale of investments in sales-type leases: $15,513,000.00Lease sale proceeds+$15.51 MNet cash used in investing activities: -$78,226,000.00. Cash required to fund net payments.Investing cash−$78.23 Minvesting reconciliation: $490,291,000.00Cash sources and uses: $681,140,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $546,941,000.00Beginning cash$546.94 MEnding cash: Cash, cash equivalents, and restricted cash: $172,222,000.00Ending cash$172.22 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$127.91 MOperating cash − cash spent on PP&ECash flow / Net income2.42×Operating cash flow ÷ net incomeNet cash change−$374.72 MEnding cash − beginning cash
Chart details

WILLIS LEASE FINANCE CORP cash flow reconciliation, Jan 1, 2026 through Jun 30, 2026

Cash flows for Jan 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2025. Ending cash: Jun 30, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Dec 31, 2025
546,941,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
134,199,000 US dollars. Net cash provided.
Net income
55,403,000 US dollars
Depreciation and amortization expense
59,246,000 US dollars
Gain on sale of leased equipment
negative 49,997,000 US dollars
Stock-based compensation expense
26,455,000 US dollars
Loss on debt extinguishment
12,448,000 US dollars
Income from investments
negative 7,220,000 US dollars
Accretion of deferred costs and note discounts
6,390,000 US dollars
Write-down of equipment
6,059,000 US dollars
Payments received on sales-type leases
1,164,000 US dollars
Gain on derivative instruments
negative 701,000 US dollars
Gain on sale of financial assets
negative 592,000 US dollars
(Gain) loss on disposal of property, equipment and furnishings
negative 23,000 US dollars
Allowances and provisions
20,000 US dollars
Gain on sale of business
0 US dollars
Amortization of contract asset
0 US dollars
Deferred income taxes
18,367,000 US dollars
Receivables
negative 5,706,000 US dollars
Inventory
10,918,000 US dollars
Other assets
4,682,000 US dollars
Due from affiliates
negative 3,188,000 US dollars
Accounts payable and accrued expenses
negative 11,246,000 US dollars
Maintenance reserves
13,194,000 US dollars
Security deposits
negative 114,000 US dollars
Unearned revenue
negative 2,246,000 US dollars
Due to affiliates
886,000 US dollars
Investing activities
negative 78,226,000 US dollars. Net cash used.
Proceeds from sale of notes receivable (net of selling expenses)
88,371,000 US dollars
Proceeds from sale of equipment (net of selling expenses)
302,836,000 US dollars
Purchase of equipment held for operating lease and for sale
negative 401,934,000 US dollars
Purchase of investments and contributions to joint ventures
negative 39,586,000 US dollars
Proceeds from sale of business (net of cash and cash equivalents sold with business)
0 US dollars
Purchase of property, equipment and furnishings
negative 6,287,000 US dollars
Payments received on notes receivable
5,345,000 US dollars
Issuance of notes receivable
negative 42,484,000 US dollars
Proceeds from sale of investments in sales-type leases
15,513,000 US dollars
Financing activities
negative 430,692,000 US dollars. Net cash used.
Principal payments on debt obligations
negative 1,182,898,000 US dollars
Proceeds from debt obligations
803,000,000 US dollars
Cancellation of restricted stock units in satisfaction of withholding tax
negative 27,914,000 US dollars
Debt issuance costs
negative 11,519,000 US dollars
Common stock cash dividends paid
negative 6,158,000 US dollars
Debt extinguishment payments
negative 4,834,000 US dollars
Preferred stock dividends
negative 2,706,000 US dollars
Contributions from non-controlling interest holders
2,115,000 US dollars
Proceeds from shares issued under stock compensation plans
222,000 US dollars
Operating adjustment reconciliation
159,829,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
1,236,029,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
490,291,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
0 US dollars
Ending cash on Jun 30, 2026
172,222,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
681,140,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 374,719,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
2.42×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
134,199,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
6,287,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
127,912,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $78.80M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 134,199,000 US dollars minus 6,287,000 US dollars equals 127,912,000 US dollars.
WILLIS LEASE FINANCE CORP (WLFC) FY2026 YTD Q2 Statement of Cash Flows Sankey chart
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