General Finance Corporation (GFN) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
39 EAST UNION STREET PASADENA, CA 91103 |
| State of Incorp. | DE |
| Fiscal Year End | June 30 |
| Industry (SIC) | 7359 - Equipment Rental and Leasing, Not Elsewhere Classified (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2021 MRQ | 6/30/2020 | 6/30/2019 | 6/30/2018 | 6/30/2017 | 6/30/2016 | 6/30/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 17,478 | 10,359 | 21,617 | 7,792 | 9,342 | 3,716 | |||
| Cash and cash equivalent | 17,478 | 10,359 | 21,617 | 7,792 | 9,342 | 3,716 | |||
| Inventory, net of allowances, customer advances and progress billings | 20,928 | 29,077 | 22,731 | 29,648 | 34,609 | 36,875 | |||
| Inventory | 20,928 | 29,077 | 22,731 | 29,648 | 34,609 | 36,875 | |||
| Prepaid expense | 2 | 2 | 29 | ||||||
| Total current assets: | 38,406 | 39,436 | 44,348 | 37,442 | 43,953 | 40,620 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 5,779 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Operating lease, right-of-use asset | 66,225 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 24,396 | 22,895 | 22,310 | 23,388 | 26,951 | 39,452 | |||
| Intangible assets, net (including goodwill) | 115,995 | 133,132 | 135,093 | 133,898 | 138,133 | 140,738 | |||
| Goodwill | 97,224 | 111,323 | 109,943 | 105,129 | 102,546 | 99,344 | |||
| Intangible assets, net (excluding goodwill) | 18,771 | 21,809 | 25,150 | 28,769 | 35,587 | 41,394 | |||
| Total noncurrent assets: | 212,395 | 156,027 | 157,403 | 157,286 | 165,084 | 180,190 | |||
| Other undisclosed assets | 505,221 | 522,849 | 487,936 | 480,586 | 466,776 | 466,360 | |||
| TOTAL ASSETS: | 756,022 | 718,312 | 689,687 | 675,314 | 675,813 | 687,170 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Debt | 104 | 1,295 | 1,660 | ||||||
| Total current liabilities: | 104 | 1,295 | 1,660 | ||||||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 43,708 | ||||||||
| Deferred income tax liabilities | 43,708 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Total noncurrent liabilities: | 43,708 | ||||||||
| Other undisclosed liabilities | 537,397 | 541,167 | 546,607 | 450,406 | 451,201 | 452,814 | |||
| Total liabilities: | 581,105 | 541,271 | 547,902 | 452,066 | 451,201 | 452,814 | |||
| Equity | |||||||||
| Equity, attributable to parent | 174,413 | 176,537 | 141,281 | 135,146 | 138,532 | 146,865 | |||
| Preferred stock | 40,100 | 40,100 | 40,100 | 40,100 | 40,100 | 40,100 | |||
| Common stock | 3 | 3 | 3 | 3 | 3 | 3 | |||
| Treasury stock, value | (5,845) | ||||||||
| Additional paid in capital | 183,051 | 183,933 | 139,547 | 120,370 | 122,568 | 124,288 | |||
| Accumulated other comprehensive loss | (22,106) | (18,755) | (17,091) | (12,355) | (14,129) | (12,873) | |||
| Accumulated deficit | (20,790) | (28,744) | (21,278) | (12,972) | (10,010) | (4,653) | |||
| Equity, attributable to noncontrolling interest | 504 | 504 | 504 | 88,102 | 86,080 | 87,491 | |||
| Total equity: | 174,917 | 177,041 | 141,785 | 223,248 | 224,612 | 234,356 | |||
| TOTAL LIABILITIES AND EQUITY: | 756,022 | 718,312 | 689,687 | 675,314 | 675,813 | 687,170 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2021 TTM | 6/30/2020 | 6/30/2019 | 6/30/2018 | 6/30/2017 | 6/30/2016 | 6/30/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 356,479 | 378,206 | 347,302 | 276,928 | 285,851 | 303,825 | ||
| Operating leases, income statement, lease revenue | ✕ | ✕ | 240,490 | ✕ | ✕ | ✕ | ✕ | |
| Revenue, net | ✕ | ✕ | ✕ | 347,302 | 276,928 | 285,851 | 317,806 | |
| Cost of revenue (Cost of Product and Service Sold) | (93,298) | (8,478) | (186,192) | (150,857) | (161,880) | (153,377) | ||
| Gross profit: | 263,181 | 369,728 | 161,110 | 126,071 | 123,971 | 150,448 | ||
| Operating expenses | (130,656) | (123,669) | (117,411) | (107,005) | (109,588) | (112,680) | ||
| Other undisclosed operating income (loss) | (87,071) | (184,469) | 5,275 | |||||
| Operating income: | 45,454 | 61,590 | 43,699 | 19,066 | 14,383 | 43,043 | ||
| Nonoperating expense | (30,805) | (63,236) | (53,485) | (19,938) | (19,860) | (21,301) | ||
| Interest and debt expense | (26,386) | (35,344) | (33,991) | (19,653) | (19,648) | (21,096) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (11,737) | (36,990) | (43,777) | (20,525) | (25,125) | 646 | ||
| Other undisclosed income from continuing operations before income taxes | 26,386 | 35,344 | 33,991 | 19,653 | 19,648 | 21,096 | ||
| Income (loss) from continuing operations before income taxes: | 14,649 | (1,646) | (9,786) | (872) | (5,477) | 21,742 | ||
| Income tax expense (benefit) | (6,695) | (5,820) | 679 | 25 | 2,191 | (8,697) | ||
| Income (loss) from continuing operations: | 7,954 | (7,466) | (9,107) | (847) | (3,286) | 13,045 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | 7,954 | (7,466) | (9,107) | (847) | (3,286) | 13,045 | |
| Net income (loss): | 7,954 | (7,466) | (9,107) | (847) | (3,286) | 13,045 | ||
| Net loss attributable to noncontrolling interest | (5,912) | |||||||
| Net income (loss) attributable to parent: | 7,954 | (7,466) | (9,107) | (847) | (3,286) | 7,133 | ||
| Preferred stock dividends and other adjustments | (3,668) | (3,658) | (3,658) | (3,658) | (3,668) | (3,658) | ||
| Other undisclosed net income (loss) available to common stockholders, basic | 801 | (2,115) | (2,071) | |||||
| Net income (loss) available to common stockholders, diluted: | 4,286 | (11,124) | (11,964) | (6,620) | (9,025) | 3,475 | ||
Comprehensive Income ($ in thousands)
| 3/31/2021 TTM | 6/30/2020 | 6/30/2019 | 6/30/2018 | 6/30/2017 | 6/30/2016 | 6/30/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 7,954 | (7,466) | (9,107) | (847) | (3,286) | 13,045 | ||
| Other comprehensive income (loss) | (28) | 191 | (325) | (145) | ||||
| Other undisclosed comprehensive income (loss) | (3,351) | (1,664) | 1,936 | 3,401 | (1,812) | (28,349) | ||
| Comprehensive income (loss): | 4,603 | (9,130) | (7,199) | 2,745 | (5,423) | (15,449) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (1,095) | (3,933) | (1,190) | 1,882 | ||||
| Other undisclosed comprehensive income, net of tax, attributable to parent | 5,912 | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | 4,603 | (9,130) | (8,294) | (1,188) | (6,613) | (7,655) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.