CAI International, Inc. CAI Balance Sheet

Cai international, inc. (CAI)

Balance Sheet / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Dec'10
Assets
Current assets
Cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17	-	13	20	23	27	19	19	20	31	-	-	-	13	15	23	-	-	-	-	-
Accounts receivable, net of allowance for doubtful accounts of $6,877 and $8,171 at March 31, 2020 and December 31, 2109, respectively
86	88	93	97	94	95	83	83	67	68	69	66	63	63	67	-	-	55	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash held by variable interest entities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	50	40	33	-	31	27	19	14	-	-	-	3	-	-	-	-	-	-	-
Cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	35	33	26	-	-	-	47	14	13	11	14
Accounts receivable, net of allowance for doubtful accounts of $966 and $548 at June 30, 2016 and December 31, 2015, respectively
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	69	61	-	51	48	43	58	46	44	44	41	40	39	38	32	30	25	27	26	23	19	20
Accounts receivable (managed fleet)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6	7	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts receivable (managed fleet)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8	-	8	10	11	10	10	9	12	19	-	-	18	19	19	19	19
Accounts receivable (managed fleet)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20	21	-	-	-	-	-
Current portion of net investment in finance leases
75	71	66	75	74	75	74	53	35	30	27	23	20	19	31	24	21	21	20	20	19	18	17	16	15	12	12	12	12	10	11	8	8	6	5	3	3
Assets held for sale
-	-	284	320	-	449	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid expenses and other current assets
9	10	6	6	4	1	2	2	4	4	5	6	9	5	2	2	2	2	-	-	-	14	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13	17	15	-	14	13	14	14	15	15	16	11	9	7	7	7	7	6	6
Deferred tax assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2	2	2	2	1	1	1	1	1	1	1
Other current assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	5	5	5	0	0	0	0	0	0	0	0	0	2	1
Total current assets
280	216	499	557	221	668	199	180	151	138	137	122	125	135	137	127	137	131	155	154	143	144	138	137	130	130	116	112	109	95	89	88	111	74	71	65	68
Restricted cash
25	26	27	28	29	30	31	21	21	11	12	5	5	6	6	6	6	7	7	7	-	8	-	-	-	-	-	-	-	-	0	1	-	-	-	-	-
Rental equipment, net of accumulated depreciation of $640,118 and $620,990 at March, 31, 2020 and December 31, 2019, respectively
2,035	2,102	1,889	1,882	2,176	1,816	2,299	2,218	2,106	2,004	1,979	1,864	1,832	1,807	1,786	1,795	1,751	1,748	1,740	-	-	1,564	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7	-	8	8	8	9	9	9	10	4	-	-	1	0	-	-	0
Rental equipment, net of accumulated depreciation of $311,726 and $274,333 at June 30, 2015 and December 31, 2014, respectively
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,721	1,654	-	1,565	1,520	1,471	1,465	1,436	1,425	1,339	1,210	1,120	1,024	850	841	794	738	530
Net investment in finance leases
479	496	472	460	465	473	444	275	249	246	199	90	77	80	69	78	84	82	83	82	76	76	79	78	79	68	63	64	73	74	72	53	47	31	29	11	7
Financing receivable
29	30	31	31	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill
15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	8	2	2	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Intangible assets, net of accumulated amortization of $5,624 and $5,221 at March 31, 2020 and December 31, 2019, respectively
3	4	4	4	5	5	6	6	7	7	8	8	9	9	10	10	4	1	1	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease right-of-use assets
-	-	-	-	3	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Furniture, fixtures and equipment, net of accumulated depreciation of $2,657 and $2,653 at March 31, 2019 and December 31, 2018, respectively
-	-	-	-	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1	1	1	1	1	1	1	1	1	1	1	2	2	2	2
Other non-current assets
8	9	9	3	0	1	0	1	2	3	3	2	2	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Intangible assets, net of accumulated amortization of $4,726 and $4,817 at March 31, 2015 and December 31, 2014, respectively
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	0	0	0	1	1	1	1	2	2	2	3	3
Total assets
2,878	2,901	2,950	2,984	2,917	3,012	2,999	2,720	2,555	2,428	2,356	2,110	2,068	2,055	2,027	2,035	1,994	1,973	1,992	1,966	1,882	1,795	1,792	1,747	1,692	1,675	1,628	1,615	1,535	1,387	1,285	1,171	1,014	953	900	820	613
Liabilities and Stockholders' Equity
Current liabilities
Accounts payable
8	7	10	8	7	7	6	6	6	7	6	7	9	13	13	14	14	11	11	6	6	8	6	7	7	8	6	5	5	5	5	5	4	3	1	2	2
Accrued expenses and other current liabilities
26	30	25	21	19	25	18	17	11	15	13	15	11	11	12	10	5	4	8	8	5	9	8	6	4	6	8	8	4	8	-	-	6	5	7	5	5
Accrued expenses and other current liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9	7	-	-	-	-	-
Due to container investors
-	-	-	-	0	-	0	-	0	1	4	7	6	7	5	6	5	5	7	8	10	12	13	13	13	14	13	12	16	18	20	20	22	20	22	24	23
Unearned revenue
6	6	6	6	5	7	8	7	7	7	8	7	8	10	13	12	13	11	9	10	7	7	8	8	6	6	6	7	7	7	8	7	7	6	6	5	5
Current portion of debt
216	218	309	313	318	311	194	159	168	132	133	112	85	95	99	89	114	169	133	231	-	203	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short term line of credit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	75	-	-	-	-	-	-	-	-	-	-	-	-	-
Current portion of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	224	-	183	154	73	74	74	68	67	61	39	30	25	25	25	15	24
Current portion of capital lease obligations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	1	1	1	1	1	1	1	2	2	2	2	3	3	3	3	4
Rental equipment payable
4	25	54	75	56	74	257	184	133	92	190	65	51	25	24	21	13	10	21	17	-	7	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current portion of collateralized financing obligations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2	-	-	-	-	-
Rental equipment payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	51	-	44	25	23	45	5	21	53	2	56	70	2	13	50	72	88
Total current liabilities
262	287	406	425	408	425	486	375	328	257	355	214	172	164	168	153	167	214	192	283	304	249	266	292	131	157	116	125	156	106	143	147	71	79	119	128	154
Debt
1,888	1,880	1,819	1,825	1,764	1,847	1,777	1,679	1,567	1,570	1,450	1,364	1,377	1,380	1,343	1,360	1,313	1,250	1,280	1,165	-	1,058	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income tax liability
31	35	-	-	-	38	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,074	-	1,055	985	1,086	1,058	1,072	1,067	970	888	825	-	-	575	-	-	-
Revolving credit facility
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	255	272	-	236	256	51
Term loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	325	256	-	269	170	169
Asset backed warehouse facility
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100	-	-	-	-	-
Asset backed warehouse facility
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100	-	-	-	0
Deferred income tax liability
-	-	33	40	38	-	38	37	36	35	51	51	51	51	52	51	48	48	43	43	43	43	41	41	41	41	37	37	39	40	33	33	33	33	30	30	30
Operating lease liabilities
-	-	-	-	1	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other non-current liabilities
5	5	5	1	-	-	-	-	-	-	-	1	1	2	3	3	2	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital lease obligations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	1	2	3	3	3	4	4	5	5	5	15	16	8	9	10
Collateralized financing obligations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	24	-	-	-	-	-
Income taxes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0
Total liabilities
2,188	2,208	2,264	2,292	2,213	2,311	2,302	2,091	1,932	1,864	1,857	1,631	1,603	1,598	1,568	1,569	1,530	1,513	1,516	1,492	1,423	1,352	1,365	1,323	1,262	1,260	1,230	1,235	1,172	1,041	1,008	893	750	704	663	596	415
Stockholders' equity
Preferred stock, par value $0.0001 per share; authorized 10,000,000
-	-	-	-	-	-	-	54	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock, par value $0.0001 per share; authorized 84,000,000 shares; issued and outstanding 17,506,453 and 17,479,127 shares at March 31, 2020 and December 31, 2019, respectively
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Additional paid-in capital
103	102	101	100	119	132	145	146	213	172	143	143	141	141	140	142	142	148	149	161	160	154	154	165	184	184	183	182	182	181	129	128	128	128	127	127	127
Accumulated other comprehensive loss
-6	-6	-6	-6	-6	-6	-6	-6	-5	-6	-6	-7	-7	-8	-6	-7	-7	-7	-7	-7	-8	-5	-4	-2	-2	-2	-2	-3	-4	-2	-3	-3	-2	-3	-1	-0	-2
Retained earnings
489	493	487	494	487	471	453	433	414	397	361	343	330	324	325	330	326	318	332	319	306	292	276	260	246	232	217	201	184	168	151	134	119	105	92	78	55
Total CAI stockholders' equity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	459	465	462	459	474	473	458	442	426	423	429	414	-	-	-	346	277	259	245	230	218	205	179
Non-controlling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0	19	18	18	18	18	18
Total stockholders' equity
690	693	685	692	704	701	696	628	622	563	498	479	464	457	459	465	463	460	475	474	459	442	427	424	429	415	397	380	363	346	277	278	264	248	236	223	197
Total liabilities and stockholders' equity
2,878	2,901	2,950	2,984	2,917	3,012	2,999	2,720	2,555	2,428	2,356	2,110	2,068	2,055	2,027	2,035	1,994	1,973	1,992	1,966	1,882	1,795	1,792	1,747	1,692	1,675	1,628	1,615	1,535	1,387	1,285	1,171	1,014	953	900	820	613
Consolidated Entity Excluding Variable Interest Entities (VIE) [Member]
Cash
87	19	21	22	20	20	-	-	-	14	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Variable Interest Entity, Primary Beneficiary [Member]
Cash
21	26	26	35	27	25	-	-	-	20	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restricted cash
-	-	-	-	-	30	-	-	-	11	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Rental equipment, net of accumulated depreciation of $640,118 and $620,990 at March, 31, 2020 and December 31, 2019, respectively
98	101	108	113	126	71	-	-	-	61	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net investment in finance leases
4	4	6	9	13	13	-	-	-	4	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current portion of debt
25	26	28	38	47	41	-	-	-	22	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt
91	100	108	116	117	67	-	-	-	72	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Stock [Member]
Preferred stock, par value $0.0001 per share; authorized 10,000,000
54	54	54	54	54	54	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Series B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Stock [Member]
Preferred stock, par value $0.0001 per share; authorized 10,000,000
48	48	48	48	48	48	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-