XML 76 R60.htm IDEA: XBRL DOCUMENT v3.20.4
Investments - Summarized Financial Information (Details) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Dec. 31, 2020
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Consolidated Statements of Income                      
Revenue $ 61,487 $ 70,613 $ 74,983 $ 81,609 $ 89,228 $ 120,366 $ 95,797 $ 103,769 $ 288,692 $ 409,160  
Expenses                 273,998 328,857  
Net income                 9,748 66,922  
Consolidated Balance Sheets                      
Total assets [1] 2,364,948       1,940,608       2,364,948 1,940,608  
Total liabilities [2] 1,951,211       1,540,632       1,951,211 1,540,632  
Total shareholders’ equity 364,015       350,338       364,015 350,338 $ 286,787
WMES                      
Consolidated Statements of Income                      
Revenue                 38,086 55,770  
Expenses                 35,190 41,253  
Net income                 2,896 14,517  
Consolidated Balance Sheets                      
Total assets 303,886       322,606       303,886 322,606  
Total liabilities 219,836       227,052       219,836 227,052  
Total shareholders’ equity $ 84,050       $ 95,554       $ 84,050 $ 95,554  
[1] Total assets at December 31, 2020 and 2019 include the following assets of variable interest entity’s (“VIE’s”) that can only be used to settle the liabilities of the VIE’s: Cash, $0 and $134; Restricted Cash, $35,262 and $56,523, Equipment, $1,037,684 and $1,004,851; Maintenance Rights, $767 and $3,133; Inventory, $5,437 and $2,832; and Other, $558 and $668 respectively.
[2] Total liabilities at December 31, 2020 and 2019 include the following liabilities of VIE’s for which the VIE’s creditors do not have recourse to Willis Lease Finance Corporation: Debt obligations, $907,550 and $842,996, respectively.