v3.26.1
Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
REVENUE        
Interest revenue $ 1,183 $ 3,649 $ 3,971 $ 7,583
Gain on sale of leased equipment 32,038 27,582 49,997 32,019
Gain on sale of financial assets 154 0 592 378
Management and advisory fees 5,524 2,588 13,419 4,551
Total revenue 194,017 195,502 388,363 353,234
EXPENSES        
Depreciation and amortization expense 29,068 27,550 59,246 52,574
Cost of spare parts and equipment sales 15,097 28,102 29,514 43,425
Cost of maintenance services 10,350 8,621 19,210 13,950
Write-down of equipment 4,910 11,458 6,059 13,567
General and administrative 55,559 50,429 112,163 98,149
Technical expense 9,947 7,508 19,635 13,738
Net finance costs:        
Interest expense 29,689 33,569 62,322 65,663
Loss on debt extinguishment 5,421 0 12,448 0
Total net finance costs 35,110 33,569 74,770 65,663
Total expenses 160,041 167,237 320,597 301,066
Income from operations 33,976 28,265 67,766 52,168
Gain on sale of business 0 42,950 0 42,950
Income from investments 4,172 3,082 7,220 4,433
Income before income taxes 38,148 74,297 74,986 99,551
Income tax expense 7,828 13,920 19,583 22,305
Net income 30,320 60,377 55,403 77,246
Net income attributable to noncontrolling interests 152 0 152 0
Net income attributable to WLFC 30,168 60,377 55,251 77,246
Preferred stock dividends 1,353 1,353 2,706 2,676
Accretion of preferred stock issuance costs 70 69 139 139
Net income attributable to common shareholders 28,745 58,955 52,406 74,431
Net income attributable to common shareholders $ 28,745 $ 58,955 $ 52,406 $ 74,431
Basic weighted average income per common share (in dollars per share) $ 1.36 $ 2.89 $ 2.53 $ 3.70
Diluted weighted average income per common share (in dollars per share) $ 1.31 $ 2.81 $ 2.39 $ 3.55
Basic weighted average common shares outstanding (in shares) 21,127 20,367 20,733 20,094
Diluted weighted average common shares outstanding (in shares) 22,013 20,970 21,885 20,985
Lease rent revenue        
REVENUE        
Lease rent and maintenance reserve revenue $ 77,137 $ 72,268 $ 154,522 $ 140,007
Maintenance reserve revenue        
REVENUE        
Lease rent and maintenance reserve revenue 46,456 50,743 101,968 105,602
Spare parts and equipment sales        
REVENUE        
Other sales and revenue 21,180 30,354 42,867 48,594
Maintenance services revenue        
REVENUE        
Other sales and revenue 8,983 8,031 18,752 13,617
Other revenue        
REVENUE        
Other sales and revenue $ 1,362 $ 287 $ 2,275 $ 883