General Finance Corporation (GFN) financial statements (2021 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 millions)

12/31/2020
TTM
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 investments12171022894
Cash and cash equivalents12171022894
Inventory, net of allowances, customer advances and progress billings20212923303537
Inventory20212923303537
Prepaid expense    000
Total current assets:32383944374441
Noncurrent Assets
Finance lease, right-of-use asset96
Operating lease, right-of-use asset7966
Property, plant and equipment27242322232739
Intangible assets, net (including goodwill)118116133135134138141
Goodwill1009711111010510399
Intangible assets, net (excluding goodwill)18192225293641
Total noncurrent assets:233212156157157165180
Other undisclosed assets519505523488481467466
TOTAL ASSETS:784756718690675676687
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt  012  
Total current liabilities:  012  
Noncurrent Liabilities
Liabilities, other than long-term debt4744     
Deferred income tax liabilities4744
Total noncurrent liabilities:4744     
Other undisclosed liabilities543537541547450451453
Total liabilities:590581541548452451453
Stockholders' equity
Stockholders' equity attributable to parent193174177141135139147
Preferred stock40404040404040
Common stock0000000
Treasury stock, value(6)(6)     
Additional paid in capital182183184140120123124
Accumulated other comprehensive loss(16)(22)(19)(17)(12)(14)(13)
Accumulated deficit(7)(21)(29)(21)(13)(10)(5)
Stockholders' equity attributable to noncontrolling interest1111888687
Total stockholders' equity:194175177142223225234
TOTAL LIABILITIES AND EQUITY:784756718690675676687

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

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
Revenues346356378347277286304
Revenue, net347277286318
Operating lease, lease income111 
Operating leases, income statement, lease revenue240
Cost of revenue
(Cost of Goods and Services Sold)
(132)(93)(8)(186)(151)(162)(153)
Gross profit:214263370161126124150
Operating expenses(130)(131)(124)(117)(107)(110)(113)
Other undisclosed operating income (loss)(43)(87)(184)   5
Operating income:41456244191443
Nonoperating expense(32)(31)(63)(53)(20)(20)(21)
Interest and debt expense(25)(26)(35)(34)(20)(20)(21)
Income (loss) from continuing operations before equity method investments, income taxes:(15)(12)(37)(44)(21)(25)1
Other undisclosed income from continuing operations before income taxes25263534202021
Income (loss) from continuing operations before income taxes:915(2)(10)(1)(5)22
Income tax expense (benefit)(4)(7)(6)102(9)
Net income (loss):58(7)(9)(1)(3)13
Net loss attributable to noncontrolling interest      (6)
Net income (loss) attributable to parent:58(7)(9)(1)(3)7
Preferred stock dividends and other adjustments(4)(4)(4)(4)(4)(4)(4)
Other undisclosed net income (loss) available to common stockholders, basic   1(2)(2) 
Net income (loss) available to common stockholders, diluted:14(11)(12)(7)(9)3

Comprehensive Income ($ in millions)

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
Net income (loss):58(7)(9)(1)(3)13
Other comprehensive income (loss)(0)  (0)0(0)(0)
Other undisclosed comprehensive income (loss)3(3)(2)23(2)(28)
Comprehensive income (loss):85(9)(7)3(5)(15)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest   (1)(4)(1)2
Other undisclosed comprehensive income, net of tax, attributable to parent      6
Comprehensive income (loss), net of tax, attributable to parent:85(9)(8)(1)(7)(8)

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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