CAI International, Inc. (CAI) Financial Statements (2024 and earlier)

Company Profile

Business Address
,
State of Incorp.
Fiscal Year End December 31
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)

9/30/2021
MRQ
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments    35,42046,13452,553
Cash and cash equivalents    35,42046,13452,553
Restricted cash and investments 600     
Receivables 65,31088,45295,94270,59863,74555,284
Disposal group, including discontinued operation  284,513    
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases75,97530,06319,95921,158
Other undisclosed current assets 148,752126,16348,1044,2585,31515,114
Total current assets: 214,662499,128220,021140,339135,153144,109
Noncurrent Assets
Property, plant and equipment 2,450,6812,409,550964338550674
Long-term investments and receivables 48,88830,693473,792246,45080,58282,210
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases473,792246,45080,58282,210
Accounts and financing receivable, after allowance for credit loss 48,88830,693    
Intangible assets, net (including goodwill)  19,91721,52723,51725,4854,128
Goodwill  15,79415,79415,79415,7942,905
Intangible assets, net (excluding goodwill)  4,1235,7337,7239,6911,223
Regulated entity, other noncurrent assets   20,40011,700  
Restricted cash and investments 12,35526,77530,66811,7896,1927,212
Other noncurrent assets 4,8339,0293853,008962 
Other undisclosed noncurrent assets (118,787)(93,327)2,244,8601,993,2611,807,0101,748,211
Total noncurrent assets: 2,397,9702,402,6372,792,5962,290,0631,920,7811,842,435
TOTAL ASSETS: 2,612,6322,901,7653,012,6172,430,4022,055,9341,986,544
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 33,26437,77029,83123,53725,58216,770
Accounts payable 3,6667,2917,3717,83113,80411,962
Accrued liabilities 29,59830,47922,46015,70611,7784,808
Deferred revenue 3,0296,405
Debt 183,448220,494311,381132,04995,527172,421
Deferred revenue and credits7,81110,61311,990
Other undisclosed current liabilities 100,50922,73784,32196,53432,28416,702
Total current liabilities: 320,250287,406425,533259,931164,006217,883
Noncurrent Liabilities
Long-term debt and lease obligation 1,562,2831,880,1221,847,6331,570,7731,380,4991,259,196
Long-term debt, excluding current maturities 1,562,2831,880,1221,847,6331,570,7731,380,4991,259,196
Liabilities, other than long-term debt 27,85940,99738,31935,85353,92548,204
Deferred tax liabilities, net38,31935,85351,80448,204
Deferred income tax liabilities 24,44235,376
Other liabilities 3,3375,621  2,121 
Derivative instruments and hedges, liabilities 80     
Total noncurrent liabilities: 1,590,1421,921,1191,885,9521,606,6261,434,4241,307,400
Total liabilities: 1,910,3922,208,5252,311,4851,866,5571,598,4301,525,283
Equity
Equity, attributable to parent 598,375589,375597,267563,845457,504460,338
Common stock 222222
Additional paid in capital 100,795102,709132,666172,325141,058148,523
Accumulated other comprehensive loss (5,743)(6,630)(6,513)(6,122)(8,132)(7,922)
Retained earnings 503,321493,294471,112397,640324,576319,735
Equity, attributable to noncontrolling interest      923
Other undisclosed equity 103,865103,865103,865   
Total equity: 702,240693,240701,132563,845457,504461,261
TOTAL LIABILITIES AND EQUITY: 2,612,6322,901,7653,012,6172,430,4022,055,9341,986,544

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

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues 294,013416,540432,098348,393294,354249,667
Revenue, net80,55263,67814,729
Cost of revenue
(Cost of Goods and Services Sold)
  (104,109)(97,170)(68,155)(51,980)(10,172)
Gross profit: 294,013312,431334,928280,238242,374239,495
Operating expenses (144,722)(177,747)(174,423)(169,222)(189,088)(172,055)
Operating income: 149,291134,684160,505111,01653,28667,440
Nonoperating expense (67,049)(79,471)(79,022)(53,817)(43,408)(36,216)
Interest and debt expense (9,440)(3,921)(4,350)(3,306)(2,975)(2,706)
Other undisclosed income from continuing operations before equity method investments, income taxes 9,4403,9214,3503,3062,9752,706
Income from continuing operations before income taxes: 82,24255,21381,48357,1999,87831,224
Income tax expense (benefit) (1,800)(4,192)(2,887)14,861(3,844)(4,252)
Income from continuing operations: 80,44251,02178,59672,0606,03426,972
Income before gain (loss) on sale of properties:27,73331,01178,59672,0606,03426,972
Loss from discontinued operations (52,709)(20,010)    
Net income: 27,73331,01178,59672,0606,03426,972
Net loss attributable to noncontrolling interest     (37)(134)
Net income attributable to parent: 27,73331,01178,59672,0605,99726,838
Preferred stock dividends and other adjustments (8,829)(8,829)(5,124)   
Net income available to common stockholders, diluted: 18,90422,18273,47272,0605,99726,838

Comprehensive Income ($ in thousands)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income: 27,73331,01178,59672,0606,03426,972
Other comprehensive income 869     
Other undisclosed comprehensive income (loss)    2,010(815)(2,245)
Comprehensive income: 28,60231,01178,59674,0705,21924,727
Comprehensive loss, net of tax, attributable to noncontrolling interest     (37)(134)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 18(117)(391)   
Comprehensive income, net of tax, attributable to parent: 28,62030,89478,20574,0705,18224,593

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: