CAI International, Inc. CAI Income Statement

Cai international, inc. (CAI)

Income statement / TTM

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	Mar'11	Sep'10	Jun'10
Revenue
Container lease income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	209,265	214,300	217,957	220,732	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Rail lease income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	28,125	25,613	21,775	17,433	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Rental revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	190,642	180,404	167,118	152,982	140,066	127,186	116,796	106,694	91,873	78,254	0	0	0
Logistics revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	47,149	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of equipment portfolios
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,256	1,256	1,938	2,191	2,345	2,345	2,011	0	0	0
Finance lease income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	8,634	8,924	8,236	7,593	6,191	5,839	4,741	3,710	3,265	2,148	0	0	0
Management fee revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,273	4,921	6,229	6,497	6,520	6,462	7,161	7,866	8,422	9,411	10,123	12,094	12,801	13,374	13,643	12,957	12,099	11,570	0	0	0
Total revenue
410,454	416,540	421,996	421,119	412,129	396,395	360,211	343,679	329,785	315,917	331,633	319,944	308,894	294,354	282,772	270,417	258,141	249,667	242,785	235,871	231,817	227,589	223,340	218,035	215,710	212,405	207,698	198,739	185,477	173,925	160,314	148,337	137,371	125,706	109,582	93,983	0	0	0
Operating expenses
Depreciation of rental equipment
107,181	111,917	113,615	112,600	110,046	107,109	99,624	99,677	100,628	99,753	110,290	112,375	109,815	104,877	125,084	117,866	115,401	113,590	85,795	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of rental equipment
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of container rental equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Gain on disposition of used rental equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	12,034	13,294	12,854	13,374	11,993	10,740	0	0	0
Storage, handling and other expenses
18,161	17,533	15,133	12,967	9,873	8,853	6,227	7,227	12,450	15,303	25,337	30,633	33,764	35,862	35,463	34,809	32,480	30,194	28,628	27,012	26,815	26,043	24,968	23,415	20,951	19,257	17,048	14,266	11,695	9,402	7,959	6,826	6,424	5,513	4,506	5,205	0	0	0
Logistics transportation costs
106,405	104,109	104,281	104,785	103,024	97,170	88,391	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Logistics transportation costs
-	-	-	-	-	-	-	-	-	-	-	68,651	62,109	-	39,945	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of rental equipment
-2,816	4,402	15,222	15,444	16,523	9,886	10,284	9,314	8,401	5,333	-2,182	-7,168	-12,811	-12,671	-8,841	-5,446	-1,744	-654	2,198	3,363	5,089	6,522	5,890	6,510	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Administrative expenses
50,129	52,699	51,215	50,408	49,395	46,240	42,837	41,723	40,143	39,588	38,140	38,426	37,614	35,678	34,827	31,072	29,156	27,617	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses
303,859	281,856	269,022	265,316	255,815	249,486	225,487	216,710	214,569	217,466	244,410	257,253	256,113	241,068	244,696	216,447	195,895	182,227	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Marketing, general and administrative expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	24,322	24,542	24,323	24,658	24,183	23,225	22,930	21,009	20,412	20,622	0	0	0
Depreciation of rental equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	63,153	58,259	53,027	48,352	45,113	41,162	37,550	33,633	17,327	4,312	0	0	0
Amortization of intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	907	904	902	902	905	1,020	1,138	1,254	1,364	1,366	0	0	0
Loss on foreign exchange
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-244	-63	326	-170	13	445	218	354	100	-369	0	0	0
Total operating expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	96,218	87,416	77,635	71,039	66,113	58,494	54,970	47,681	42,326	40,897	0	0	0
Operating income
106,595	134,684	152,974	155,803	156,314	146,909	134,724	126,969	115,216	98,451	87,223	62,691	52,781	53,286	38,076	53,970	62,246	67,440	97,642	101,565	102,775	103,554	102,825	101,849	105,348	108,767	111,480	111,323	107,842	102,886	94,201	89,843	82,401	78,025	67,256	53,086	0	0	0
Other expenses
Net interest expense
-75,684	-79,158	-79,263	-74,951	-69,524	-62,573	-51,203	-49,351	-47,042	-41,815	-49,135	-46,078	-44,384	-42,754	-41,014	-39,079	-37,535	-36,271	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other expense
-521	-313	-704	-440	-750	-677	-624	-957	-416	-765	-898	-534	-838	-654	-528	-445	-353	-182	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total other expenses
-76,205	-79,471	-79,967	-75,391	-70,274	-63,250	-51,827	-50,308	-47,458	-42,580	-50,033	-46,612	-45,222	-43,408	-41,542	-39,524	-37,888	-36,453	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	36,266	33,899	31,264	28,796	24,771	21,892	19,101	16,139	9,361	4,098	0	0	0
Write-off of deferred financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	0	0	-	-	-	-	-	-
Interest income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	5	6	7	9	14	15	14	12	5	-85	0	0	0
Net interest expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-37,369	-35,001	-32,365	-28,787	-24,757	-21,877	-19,087	-16,127	-9,356	-4,183	0	0	0
(Loss) income before income taxes
30,390	55,213	73,007	80,412	86,040	83,659	82,897	76,661	67,758	55,871	37,190	16,079	7,559	9,878	-3,466	14,446	24,358	30,987	61,361	64,989	66,464	67,189	66,707	65,449	68,876	71,577	74,111	76,322	75,477	74,099	69,444	67,966	63,314	61,898	55,018	44,271	0	0	0
Income tax (benefit) expense
-727	4,192	5,736	5,987	5,499	4,554	-4,279	-5,783	-6,673	-6,694	1,073	3,000	3,404	3,844	3,901	3,347	4,043	4,252	6,005	6,215	7,126	7,191	6,364	6,202	6,192	7,057	8,365	9,147	9,585	9,818	9,651	11,134	11,039	11,084	7,917	5,299	0	0	0
Income from continuing operations
-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Loss) income from discontinued operations, net of income taxes
-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (loss) income
11,107	31,011	42,569	69,070	80,032	78,596	95,752	91,585	83,926	72,060	36,117	13,079	4,155	6,034	-7,367	11,099	20,315	26,735	55,356	58,774	59,338	59,998	60,343	59,247	62,684	64,520	65,746	67,175	65,892	64,281	59,793	56,832	52,275	50,814	47,101	38,972	0	0	0
Preferred stock dividends
8,829	8,829	8,828	8,369	7,310	5,124	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to non-controlling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	37	75	101	139	134	161	173	180	111	0	0	0	-	-	-	-	816	848	793	491	625	642	459	0	0	0
Net (loss) income attributable to CAI common stockholders
2,278	22,182	33,741	60,701	72,722	73,472	92,835	90,416	83,905	72,060	36,117	13,079	4,152	5,997	18,366	36,706	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amounts attributable to CAI common stockholders
Net income from continuing operations
-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (loss) income from discontinued operations
-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to CAI common stockholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	59,703	58,645	62,130	63,926	65,746	66,937	65,141	63,465	58,945	56,039	51,784	50,189	46,459	38,513	0	0	0
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
292,455	298,853	305,211	303,242	295,801	284,924	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Rail Lease Revenue [Member]
Total revenue
0	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Logistics Revenue [Member]
Total revenue
120,077	117,687	118,008	119,100	117,551	111,471	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-