General Finance Corporation (GFN) Financial Statements (2024 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
Q3
12/31/2020
Q2
9/30/2020
Q1
6/30/2020
Q4
3/31/2020
Q3
12/31/2019
Q2
9/30/2019
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments11,79217,29717,47811,74310,06712,132
Cash and cash equivalents11,79217,29717,47811,74310,06712,132
Inventory, net of allowances, customer advances and progress billings20,40220,19220,92825,50931,43633,186
Inventory20,40220,19220,92825,50931,43633,186
Total current assets:32,19437,48938,40637,25241,50345,318
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization9,0635,3495,779   
Operating lease, right-of-use asset78,53276,72366,22563,75970,14968,166
Property, plant and equipment27,09524,06424,39624,50124,57824,263
Intangible assets, net (including goodwill)118,420116,154115,995128,258131,018131,031
Goodwill100,39898,23497,224108,592111,275110,309
Intangible assets, net (excluding goodwill)18,02217,92018,77119,66619,74320,722
Total noncurrent assets:233,110222,290212,395216,518225,745223,460
Other undisclosed assets518,691509,639505,221507,682527,029519,518
TOTAL ASSETS:783,995769,418756,022761,452794,277788,296
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt46,98544,66243,708   
Deferred income tax liabilities46,98544,66243,708   
Total noncurrent liabilities:46,98544,66243,708   
Other undisclosed liabilities543,065544,345537,397581,913601,325607,710
Total liabilities:590,050589,007581,105581,913601,325607,710
Equity
Equity, attributable to parent193,441179,907174,413179,035192,448180,082
Preferred stock40,10040,10040,10040,10040,10040,100
Common stock333333
Treasury stock, value(5,845)(5,845)(5,845)   
Additional paid in capital182,434182,796183,051183,282183,555183,779
Accumulated other comprehensive loss(15,800)(20,440)(22,106)(23,373)(18,858)(21,007)
Retained earnings (accumulated deficit)(7,451)(16,707)(20,790)(20,977)(12,352)(22,793)
Equity, attributable to noncontrolling interest504504504504504504
Total equity:193,945180,411174,917179,539192,952180,586
TOTAL LIABILITIES AND EQUITY:783,995769,418756,022761,452794,277788,296

Income Statement (P&L) ($ in thousands)

3/31/2021
Q3
12/31/2020
Q2
9/30/2020
Q1
6/30/2020
Q4
3/31/2020
Q3
12/31/2019
Q2
9/30/2019
Q1
Revenues89,11482,36084,50389,97092,10989,897
Operating lease, lease income58,36252,338    
Cost of revenue
(Cost of Goods and Services Sold)
(21,318)(20,611)(87,857)(1,977)(1,637)(1,827)
Gross profit:67,79661,749(3,354)87,99390,47288,070
Operating expenses(29,298)(28,709)(42,190)(29,308)(29,092)(30,066)
Other undisclosed operating income (loss)(21,843)(21,735)44,776(44,412)(44,361)(43,074)
Operating income (loss):16,65511,305(768)14,27317,01914,930
Nonoperating expense(5,021)(5,903)(2,319)(19,183)(2,584)(6,719)
Investment income, nonoperating151151144153180186
Gain (loss), foreign currency transaction, before tax(1,070)3262,709(2,096)264(573)
Interest and debt expense(6,686)(5,697)(6,151)(5,981)(6,930)(7,324)
Income (loss) from continuing operations before equity method investments, income taxes:4,948(295)(9,238)(10,891)7,505887
Other undisclosed income from continuing operations before income taxes6,6865,6976,1515,9816,9307,324
Income (loss) from continuing operations before income taxes:11,6345,402(3,087)(4,910)14,4358,211
Income tax expense (benefit)(2,378)(1,319)3,274(3,715)(3,994)(2,260)
Income (loss) from continuing operations:9,2564,083187(8,625)10,4415,951
Income (loss) before gain (loss) on sale of properties:9,2564,083187(8,625)10,4415,951
Net income (loss) attributable to parent:9,2564,083187(8,625)10,4415,951
Preferred stock dividends and other adjustments(922)(922)(902)(922)(922)(922)
Net income (loss) available to common stockholders, diluted:8,3343,161(715)(9,547)9,5195,029

Comprehensive Income ($ in thousands)

3/31/2021
Q3
12/31/2020
Q2
9/30/2020
Q1
6/30/2020
Q4
3/31/2020
Q3
12/31/2019
Q2
9/30/2019
Q1
Net income (loss):9,2564,083187(8,625)10,4415,951
Other comprehensive loss(16)(3)    
Other undisclosed comprehensive income (loss)4,6561,6691,267(4,515)2,149(2,252)
Comprehensive income (loss), net of tax, attributable to parent:13,8965,7491,454(13,140)12,5903,699

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.

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