Cai international, inc. (CAI)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash flows from operating activities
Net (loss) income

31,011

78,596

72,060

6,034

26,735

59,998

64,520

64,281

50,814

28,202

13,556

(Loss) income from discontinued operations, net of income taxes

-20,010

-509

9,495

-

-

-

-

-

-

-

-

Income from continuing operations

51,021

79,105

62,565

-

-

-

-

-

-

-

-

Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation

112,317

107,304

100,093

105,236

114,003

78,451

67,631

48,849

34,078

21,064

17,452

Amortization of debt issuance costs

3,921

3,650

2,598

2,975

2,943

3,552

3,780

2,643

1,421

641

496

Amortization of intangible assets

1,610

1,989

1,969

1,443

232

383

780

902

1,254

1,377

1,566

Stock-based compensation expense

2,758

2,583

1,838

1,732

1,915

1,885

1,536

1,288

1,119

1,069

992

Reduction in contingent consideration

-

-

-2,211

-3,789

-

-

-

-

-

-

-

Unrealized loss on foreign exchange

-16

-436

-106

-276

-251

-81

282

-244

215

-640

418

Gain on sale of rental equipment

4,402

9,886

5,333

-12,671

-654

6,522

7,356

-

-

-

-

Loss on disposal of subsidiary

-

-

-

-146

-

-

-

-

-

-

-

Deferred income taxes

3,734

4,172

-6,749

1,138

4,967

2,170

3,205

-

-

-

-1,130

Gain on sale of equipment portfolios

-

-

-

-

-

-

-

1,256

2,345

614

753

Gain on disposition of used rental equipment

-

-

-

-

-

-

-

12,445

-

-

-

Gain on disposition of used rental equipment

-

-

-

-

-

-

-

-

13,374

9,112

3,626

Reduction of income tax reserve

-

-

-

-

-

-

-

-

-

-2,027

0

Deferred income taxes

-

-

-

-

-

-

-

6,014

3,883

3,069

-

Restructuring charges

-

-

-

-

-

-

-

-

-

107

883

Bad debt expense

5,885

388

404

3,151

448

248

-227

29

-936

1,063

458

Changes in other operating assets and liabilities:
Accounts receivable

-3,864

18,365

4,248

1,175

-4,733

6,397

-7,404

10,492

3,842

10,390

-7,243

Prepaid expenses and other assets

2,245

1,131

-738

2,691

81

-4,256

3,136

1,814

-1,406

-3,423

-1,036

Net investment in finance leases

65,688

-

-

-

-

-

-

-

-

-

-

Accounts payable, accrued expenses and other liabilities

6,518

-834

-9,838

3,572

-3,654

3,046

-8,839

9,016

933

-3,754

2,723

Due to container investors

-

-

-

652

-7,183

-1,831

-

-

-

-

-

Due to container investors

-

-

-

-

-

-

-3,774

-1,524

-3,170

6,104

-9,329

Unearned revenue

5

-174

-333

-2,115

1,406

367

-1,056

1,095

1,079

1,562

-351

Net cash provided by operating activities of continuing operations

250,690

169,237

141,599

-

-

139,687

124,186

-

-

-

-

Net cash provided by operating activities of discontinued operations

3,307

10,533

13,593

-

-

-

-

-

-

-

-

Net cash provided by operating activities

253,997

179,770

155,192

129,256

147,369

-

-

106,830

72,105

42,424

30,798

Cash flows from investing activities
Purchase of rental equipment

316,857

739,944

432,212

-

-

-

-

-

-

-

-

Purchase of financing receivable

37,139

-

-

-

-

-

-

-

-

-

-

Purchase of rental equipment

-

-

-

251,165

389,331

307,283

312,144

524,354

491,780

204,565

31,284

Acquisitions, net of cash acquired

-

-

-

15,599

4,100

-

-

-

-

-

-

Net proceeds from sale of equipment portfolios

-

-

-

-

-

-

-

10,320

24,886

12,367

5,840

Proceeds from sale of rental equipment

81,692

65,602

65,674

66,073

66,150

65,637

33,069

44,306

30,824

31,922

23,669

Receipt of principal payments from financing receivable

2,720

-

-

-

-

-

-

-

-

-

-

Disposal of subsidiary, net of cash disposed of

-

-

-

460

-

-

-

-

-

-

-

Purchase of furniture, fixtures and equipment

2,285

823

124

82

83

28

60

249

147

2,265

69

Receipt of principal payments from finance leases

-

43,352

24,061

19,633

22,116

16,319

12,329

-

-

-

-

Receipt of principal payments from direct financing leases

-

-

-

-

-

-

-

8,758

6,080

5,333

5,532

Net cash used in investing activities of continuing operations

-271,869

-631,813

-342,601

-

-

-225,355

-266,806

-

-

-

-

Net cash provided by (used in) investing activities of discontinued operations

123,424

-31,530

-69,150

-

-

-

-

-

-

-

-

Net cash (used in) provided by investing activities

-148,445

-663,343

-411,751

-181,600

-305,248

-

-

-461,219

-430,137

-157,208

3,688

Cash flows from financing activities
Proceeds from capital lease obligations

-

-

-

-

-

-

-

-

-

-

1,345

Proceeds from debt

705,045

1,605,564

704,340

552,540

748,731

372,510

588,870

1,035,381

558,401

135,800

15,000

Proceeds from related party debt

-

-

-

-

-

-

-

-

-

-

10,000

Principal payments on capital leases

-

-

-

-

-

-

-

-

-

-

4,359

Principal payments on debt

631,875

1,143,908

522,486

496,270

581,739

245,136

406,961

699,161

197,901

56,394

70,700

Repurchase of noncontrolling interest

-

-

-

-

-

-

-

19,467

-

-

-

Principal payments on related party term loan

-

-

-

-

-

-

-

-

-

-

200

(Repurchase of) contributions from noncontrolling interest

-

-

-

-

-

-

-

-

-

18,256

0

Debt issuance costs

839

3,861

3,441

1,515

3,226

1,999

6,595

6,436

1,853

4,995

93

Proceeds from issuance of common and preferred stock

-

103,433

28,028

-

-

-

-

-

-

-

-

(Increase) decrease in restricted cash

-

-

-

-

-1,020

-1,021

4,877

3,777

599

0

0

Proceeds from issuance of stock

-

-

-

-

-

-

-

51,543

-

22,353

0

Repurchase of common stock

34,118

40,869

-

9,176

12,997

31,395

-

-

-

-

-

Dividends paid to preferred stockholders

8,828

3,260

-

-

-

-

-

-

-

-

-

Stock issuance costs

-

-

-

-

-

-

155

-

-

-

-

Exercise of stock options

1,285

24

145

-

4,747

114

1,524

-

-

-

-

Excess tax benefit from share-based compensation awards

-

-

-

-

-

27

295

-

-

-

-

Net cash provided by financing activities of continuing operations

30,670

517,123

206,586

-

-

95,142

172,101

-

-

-

-

Net cash (used in) provided by financing activities of discontinued operations

-139,149

-4,773

44,636

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

-108,479

512,350

251,222

45,579

156,536

-

-

358,083

358,048

115,020

-49,007

Effect on cash of foreign currency translation

183

-3

220

-674

-

-

-

-

-

-

-

Net increase in cash and restricted cash

-2,744

28,774

-5,117

-7,439

-

-

-

-

-

-

-

Effect on cash of foreign currency translation

-

-

-

-

75

-1,394

-1,411

-101

-331

-335

478

Net decrease in cash

-

-

-

-

-1,268

8,080

28,070

3,593

-315

-99

-14,043

Supplemental disclosure of cash flow information
Cash paid during the period for:
Income taxes

871

651

194

889

2,340

852

5,122

3,312

6,983

2,206

-6,307

Interest

84,767

71,286

47,596

38,491

33,124

-

-

-

-

-

-

Supplemental disclosure of non-cash operating activity
Lease liabilities arising from obtaining right-of-use assets

5,306

-

-

-

-

-

-

-

-

-

-

Interest

-

-

-

-

-

32,774

32,267

24,087

12,475

3,964

-3,492

Supplemental disclosure of non-cash investing and financing activity
Transfer of rental equipment to finance lease

110,766

316,697

205,033

19,036

30,604

30,178

32,001

-

-

-

-

Transfer of finance lease to rental equipment

21,179

-

413

732

-

-

30,118

-

-

1,286

-3,099

Rental equipment payable

25,137

74,139

92,415

92,415

10,901

-

-

-

-

-

-

Transfer of rental equipment to direct finance lease

-

-

-

-

-

-

-

56,426

31,158

5,874

-804

Rental equipment purchase funded by offset to accounts receivable

-

-

-

-

-

-

-

-

-

1,764

0

Payment of revolving credit facility from term loan

-

-

-

-

-

-

-

20,000

-

185,000

0