Cai international, inc. (CAI)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Revenue
Container lease income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

49,661

51,669

51,545

56,390

54,696

55,326

54,320

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Rail lease income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,614

7,591

7,257

5,663

5,102

3,753

2,915

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Rental revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

55,380

51,493

50,684

-

50,711

48,387

46,623

44,921

40,473

35,101

32,487

32,005

27,593

24,711

22,385

17,184

13,974

Logistics revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

21,197

12,382

8,164

-

5,406

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of equipment portfolios

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,256

0

682

253

1,410

0

348

Finance lease income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,262

2,224

2,055

-

1,684

2,306

2,106

2,538

1,974

1,618

1,463

1,136

1,622

520

432

691

505

Management fee revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

913

287

1,257

1,816

1,561

1,595

1,525

1,839

1,503

2,294

2,230

2,395

2,492

3,006

4,201

3,102

3,065

3,275

3,515

2,244

2,536

Total revenue

105,022

92,286

107,570

105,576

111,108

97,742

106,693

96,586

95,374

61,558

90,161

82,692

81,506

77,274

78,472

71,642

66,966

65,692

66,117

59,366

58,492

58,810

59,203

55,312

54,264

54,561

53,898

52,987

50,959

49,854

44,939

39,725

39,407

36,243

32,962

28,759

27,742

20,119

17,363

Operating expenses
Depreciation of rental equipment

27,048

22,726

28,750

28,657

31,784

24,424

27,735

26,103

28,847

16,939

27,788

27,054

27,972

27,476

29,873

24,494

23,034

47,683

22,655

22,029

21,223

-

19,888

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of rental equipment

19,167

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of container rental equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12

11

Gain on disposition of used rental equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,636

-

2,491

3,225

3,095

3,223

3,751

2,785

3,615

1,842

2,498

Storage, handling and other expenses

5,748

3,678

4,672

4,063

5,120

1,278

2,506

969

4,100

-1,348

3,506

6,192

6,953

8,686

8,802

9,323

9,051

8,287

8,148

6,994

6,765

6,721

6,532

6,797

5,993

5,646

4,979

4,333

4,299

3,437

2,197

1,762

2,006

1,994

1,064

1,360

1,095

987

1,763

Logistics transportation costs

26,815

26,462

27,037

26,091

24,519

26,634

27,541

24,330

18,665

-

17,855

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Logistics transportation costs

-

-

-

-

-

-

-

-

-

-

-

16,682

17,071

-

18,045

10,140

6,942

-

4,818

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of rental equipment

1,614

-8,424

2,411

1,583

8,832

2,396

2,633

2,662

2,195

2,794

1,663

1,749

-873

-4,721

-3,323

-3,894

-733

-891

72

-192

357

1,961

1,237

1,534

1,790

-

1,329

1,857

-

-

-

-

-

-

-

-

-

-

-

Administrative expenses

11,826

13,263

12,702

12,338

14,396

11,779

11,895

11,325

11,241

8,376

10,781

9,745

10,686

6,928

11,067

8,933

8,750

6,077

7,312

7,017

7,211

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating expenses

88,990

74,553

70,750

69,566

66,987

61,719

67,044

60,065

60,658

37,720

58,267

57,924

63,555

64,664

71,110

56,784

48,510

68,292

42,861

36,232

34,842

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Marketing, general and administrative expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,676

6,397

6,706

-

6,055

6,031

6,188

6,048

6,275

5,812

6,523

5,573

5,317

5,517

4,602

4,976

5,527

Depreciation of rental equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19,056

18,663

-

17,389

16,285

15,333

14,146

12,495

11,053

10,658

10,907

8,544

7,441

6,741

-5,399

-4,471

Amortization of intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

95

99

99

-

227

227

227

226

224

225

227

229

339

343

343

339

341

Loss on foreign exchange

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-70

-153

-164

-

-374

-125

300

-45

-193

264

-196

138

239

37

-60

-116

-230

Total operating expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

32,024

30,968

29,835

-

27,695

25,144

23,111

20,268

18,893

15,363

16,515

15,342

11,274

11,839

9,226

9,987

9,845

Operating income

16,032

17,733

36,820

36,010

44,121

36,023

39,649

36,521

34,716

23,838

31,894

24,768

17,951

12,610

7,362

14,858

18,456

-2,600

23,256

23,134

23,650

27,602

27,179

24,344

24,429

26,873

26,203

27,843

27,848

29,586

26,046

24,362

22,892

20,901

21,688

16,920

18,516

10,132

7,518

Other expenses
Net interest expense

-20,376

-15,164

-20,123

-20,021

-23,850

-15,269

-15,811

-14,594

-16,899

-3,899

-13,959

-12,285

-11,672

-11,219

-10,902

-10,591

-10,042

-9,479

-8,967

-9,047

-8,778

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other expense

-246

224

-380

-119

-38

-167

-116

-429

35

-114

-449

112

-314

-247

-85

-192

-130

-121

-2

-100

41

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total other expenses

-20,622

-14,940

-20,503

-20,140

-23,888

-15,436

-15,927

-15,023

-16,864

-4,013

-14,408

-12,173

-11,986

-11,466

-10,987

-10,783

-10,172

-9,600

-8,969

-9,147

-8,737

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,265

8,883

8,795

-

9,546

8,955

8,404

9,361

7,179

6,320

5,936

5,336

4,300

3,529

2,974

-1,442

-963

Write-off of deferred financing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1,108

-

-

0

0

-

-

-

-

-

-

Interest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

1

4

-

0

1

3

1

1

2

5

6

2

1

3

-1

-88

Net interest expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-9,264

-8,882

-8,791

-

-9,546

-8,954

-9,509

-9,360

-7,178

-6,318

-5,931

-5,330

-4,298

-3,528

-2,971

1,441

875

(Loss) income before income taxes

-4,590

2,793

16,317

15,870

20,233

20,587

23,722

21,498

17,852

19,825

17,486

12,595

5,965

1,144

-3,625

4,075

8,284

-12,200

14,287

13,987

14,913

18,174

17,915

15,462

15,638

17,692

16,657

18,889

18,339

20,226

18,868

18,044

16,961

15,571

17,390

13,392

15,545

8,691

6,643

Income tax (benefit) expense

-3,260

46

1,152

1,335

1,659

1,590

1,403

847

714

-7,243

-101

-43

693

524

1,826

361

1,133

581

1,272

1,057

1,342

2,334

1,482

1,968

1,407

1,507

1,320

1,958

2,272

2,815

2,102

2,396

2,505

2,648

3,585

2,301

2,550

-519

967

Income from continuing operations

-

-

15,165

14,535

-

-

22,319

20,651

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-19,912

-5,200

-

-

-565

-354

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (loss) income

-1,330

7,849

-4,747

9,335

18,574

19,407

21,754

20,297

17,138

36,563

17,587

12,638

5,272

620

-5,451

3,714

7,151

-12,781

13,015

12,930

13,571

15,840

16,433

13,494

14,231

16,185

15,337

16,931

16,067

17,411

16,766

15,648

14,456

12,923

13,805

11,091

12,995

9,210

5,676

Preferred stock dividends

2,207

2,208

2,207

2,207

2,207

2,207

1,748

1,148

21

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income attributable to non-controlling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

3

34

38

26

41

29

65

38

48

-40

-

-

-

-

0

238

513

65

32

183

211

199

49

0

Net (loss) income attributable to CAI common stockholders

-3,537

5,641

-6,954

7,128

16,367

17,200

20,006

19,149

17,117

36,563

17,587

12,638

5,272

620

-5,451

3,711

7,117

-

12,989

12,889

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amounts attributable to CAI common stockholders
Net income from continuing operations

-

-

12,958

12,328

-

-

20,571

19,503

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (loss) income from discontinued operations

-

-

-19,912

-5,200

-

-

-565

-354

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income attributable to CAI common stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13,542

-

16,395

13,446

14,271

15,591

15,337

16,931

16,067

17,411

16,528

15,135

14,391

12,891

13,622

10,880

12,796

9,161

5,676

Net (loss) income per share attributable to CAI common stockholders
Basic
Continuing operations

-

-

0.75

0.70

-

-

1.07

1.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Discontinued operations

-

-

-1.15

-0.30

-

-

-0.03

-0.02

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Basic

-0.20

0.37

-0.40

0.40

0.88

0.90

1.04

0.98

0.84

1.88

0.92

0.66

0.28

0.04

-0.28

0.19

0.36

-0.60

0.62

0.61

0.65

0.86

0.78

0.61

0.64

0.71

0.69

0.76

0.73

0.87

0.86

0.78

0.75

0.67

0.71

0.56

0.66

0.51

0.32

Diluted
Continuing operations

-

-

0.74

0.69

-

-

1.06

0.99

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Discontinued operations

-

-

-1.14

-0.29

-

-

-0.03

-0.02

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Diluted

-0.20

0.36

-0.40

0.40

0.87

0.88

1.03

0.97

0.83

1.86

0.90

0.65

0.27

0.04

-0.28

0.19

0.36

-0.59

0.62

0.60

0.64

0.83

0.77

0.60

0.63

0.68

0.68

0.75

0.71

0.84

0.84

0.77

0.73

0.65

0.70

0.55

0.65

0.50

0.31

Weighted average shares outstanding
Basic

17,433

17,391

17,330

17,648

18,555

19,007

19,214

19,613

20,414

19,691

19,180

19,131

19,010

18,996

19,130

19,372

19,774

20,174

20,920

21,095

20,903

17,869

20,936

21,910

22,213

22,213

22,186

22,144

22,085

20,095

19,295

19,295

19,295

57,846

19

19,295

19

17

17

Diluted

17,433

17,723

17,525

17,926

18,870

19,281

19,492

19,843

20,672

20,145

19,633

19,419

19,231

19,160

19,130

19,449

19,833

20,200

21,059

21,398

21,295

18,278

21,329

22,355

22,658

22,664

22,645

22,711

22,668

20,593

19,764

19,719

19,704

58,934

19

19,798

19

18

18

Container Lease Revenue [Member]
Total revenue

69,113

70,268

77,300

75,774

75,511

76,626

75,331

68,333

64,634

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Rail Lease Revenue [Member]
Total revenue

5,803

-

-

-

7,881

-

-

-

9,104

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Logistics Revenue [Member]
Total revenue

30,106

29,899

30,270

29,802

27,716

30,220

31,362

28,253

21,636

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-