General Finance Corporation (GFN) financial statements (2022 and earlier)

Company profile

Business Address 39 EAST UNION STREET
PASADENA, CA 91103
State of Incorp. DE
Fiscal Year End June 30
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)

6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments17,47810,35921,6177,7929,3423,7165,846
Cash and cash equivalents17,47810,35921,6177,7929,3423,7165,846
Inventory, net of allowances, customer advances and progress billings20,92829,07722,73129,64834,60936,87527,402
Inventory20,92829,07722,73129,64834,60936,87527,402
Prepaid expense   222935
Total current assets:38,40639,43644,34837,44243,95340,62033,283
Noncurrent Assets
Finance lease, right-of-use asset5,779
Operating lease, right-of-use asset66,225
Property, plant and equipment24,39622,89522,31023,38826,95139,45230,614
Intangible assets, net (including goodwill)115,995133,132135,093133,898138,133140,738136,682
Goodwill97,224111,323109,943105,129102,54699,34493,166
Intangible assets, net (excluding goodwill)18,77121,80925,15028,76935,58741,39443,516
Total noncurrent assets:212,395156,027157,403157,286165,084180,190167,296
Other undisclosed assets505,221522,849487,936480,586466,776466,360467,910
TOTAL ASSETS:756,022718,312689,687675,314675,813687,170668,489
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 1041,2951,660  1,548
Total current liabilities: 1041,2951,660  1,548
Noncurrent Liabilities
Liabilities, other than long-term debt43,708      
Deferred income tax liabilities43,708
Total noncurrent liabilities:43,708      
Other undisclosed liabilities537,397541,167546,607450,406451,201452,814409,056
Total liabilities:581,105541,271547,902452,066451,201452,814410,604
Stockholders' equity
Stockholders' equity attributable to parent174,413176,537141,281135,146138,532146,865158,262
Preferred stock40,10040,10040,10040,10040,10040,10040,100
Common stock3333333
Treasury stock, value(5,845)      
Additional paid in capital183,051183,933139,547120,370122,568124,288128,030
Accumulated other comprehensive income (loss)(22,106)(18,755)(17,091)(12,355)(14,129)(12,873)1,915
Accumulated deficit(20,790)(28,744)(21,278)(12,972)(10,010)(4,653)(11,786)
Stockholders' equity attributable to noncontrolling interest50450450488,10286,08087,49199,623
Total stockholders' equity:174,917177,041141,785223,248224,612234,356257,885
TOTAL LIABILITIES AND EQUITY:756,022718,312689,687675,314675,813687,170668,489

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

6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
Revenues356,479378,206347,302276,928285,851303,825287,105
Revenue, net347,302276,928285,851317,806306,752
Operating leases, income statement, lease revenue240,490
Cost of revenue
(Cost of Goods and Services Sold)
(93,298)(8,478)(186,192)(150,857)(161,880)(153,377)(159,325)
Gross profit:263,181369,728161,110126,071123,971150,448127,780
Operating expenses(130,656)(123,669)(117,411)(107,005)(109,588)(112,680)(91,932)
Other undisclosed operating income (loss)(87,071)(184,469)   5,2754,193
Operating income:45,45461,59043,69919,06614,38343,04340,041
Nonoperating expense(30,805)(63,236)(53,485)(19,938)(19,860)(21,301)(13,272)
Interest and debt expense(26,386)(35,344)(33,991)(19,653)(19,648)(21,096)(11,952)
Income (loss) from continuing operations before equity method investments, income taxes:(11,737)(36,990)(43,777)(20,525)(25,125)64614,817
Other undisclosed income from continuing operations before income taxes26,38635,34433,99119,65319,64821,09611,952
Income (loss) from continuing operations before income taxes:14,649(1,646)(9,786)(872)(5,477)21,74226,769
Income tax expense (benefit)(6,695)(5,820)679252,191(8,697)(11,620)
Net income (loss):7,954(7,466)(9,107)(847)(3,286)13,04515,149
Net loss attributable to noncontrolling interest     (5,912)(7,756)
Other undisclosed net loss attributable to parent      (3,489)
Net income (loss) attributable to parent:7,954(7,466)(9,107)(847)(3,286)7,1333,904
Preferred stock dividends and other adjustments(3,668)(3,658)(3,658)(3,658)(3,668)(3,658)(3,489)
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)3,475415

Comprehensive Income ($ in thousands)

6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
Net income (loss):7,954(7,466)(9,107)(847)(3,286)13,04515,149
Other comprehensive income (loss)  (28)191(325)(145)40
Other undisclosed comprehensive income (loss)(3,351)(1,664)1,9363,401(1,812)(28,349)5,867
Comprehensive income (loss):4,603(9,130)(7,199)2,745(5,423)(15,449)21,056
Comprehensive income (loss), net of tax, attributable to noncontrolling interest  (1,095)(3,933)(1,190)1,882(18,598)
Other undisclosed comprehensive income, net of tax, attributable to parent     5,9127,756
Comprehensive income (loss), net of tax, attributable to parent:4,603(9,130)(8,294)(1,188)(6,613)(7,655)10,214

Statements sources

The financial statements are based on the company's filings with the 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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