XML 74 R40.htm IDEA: XBRL DOCUMENT v3.25.1
Investments - Schedule of Financial Information (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Consolidated Statements of Income      
Revenue $ 157,732 $ 119,083  
Expenses 133,829 91,865  
Net income 16,869 20,869  
Consolidated Balance Sheets      
Total assets [1] 3,274,633   $ 3,297,196
Total liabilities [2] 2,645,953   2,684,736
Equity, Attributable to Parent 565,488   549,338
WMES      
Consolidated Statements of Income      
Revenue 18,251 18,926  
Expenses 16,107 13,762  
Net income 2,144 $ 5,164  
Consolidated Balance Sheets      
Total assets 385,711   352,783
Total liabilities 287,661   256,055
Equity, Attributable to Parent 98,050   $ 96,728
Equity Method Investment, Nonconsolidated Investee or Group of Investees      
Consolidated Balance Sheets      
Total assets 2,279    
Total liabilities 0    
Maximum Exposure to Loss $ 1,595    
[1] Total assets at March 31, 2025 and December 31, 2024, include the following assets of variable interest entities (“VIEs”) that can only be used to settle the liabilities of the VIEs: Restricted cash $116,737 and $123,392; Equipment $1,671,420 and $1,681,197; Maintenance rights $11,941 and $12,708; Notes receivable $136,922 and $139,853; Investments in sales-type leases $17,271 and $17,752; and Other assets $11,929 and $11,973 (each respectively).
[2] Total liabilities at March 31, 2025 and December 31, 2024, include the following liabilities of VIEs for which the VIEs’ creditors do not have recourse to Willis Lease Finance Corporation: Debt obligations $1,489,572 and $1,518,391, respectively. Further, refer to Note 6 of the Condensed Consolidated Financial Statements for details of the Company’s commitments and contingencies.