Cit group inc. (CIT)
Balance Sheet / Yearly
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'11Dec'10Sep'10Jun'10Dec'09
Assets
Cash and due from banks, including restricted balances of $29.6 at March 31, 2020 and $875.2 at December 31, 2019 (see Note 9 for amounts pledged)

220

990

207

116

130

198

167

208

200

278

453

598

741

822

-

-

-

1,000

-

-

-

878

892

1,055

2,145

680

1,488

606

449

347

367

550

321

433

568

818

786

734

714

1,060

1,289

Cash and interest bearing deposits, restricted

-

-

-

-

-

-

-

-

-

-

-

-

-

176

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest bearing cash, including restricted balances of $2.1 at March 31, 2020 and $2.2 at December 31, 2019 (see Note 9 for amounts pledged)

3,500

1,700

1,600

1,600

1,200

1,600

1,199

3,267

3,895

1,440

2,658

4,739

5,415

5,608

-

-

-

6,652

-

-

-

6,241

5,322

5,372

4,548

5,364

4,486

5,111

5,091

6,361

6,088

5,542

6,014

7,003

6,320

6,537

4,900

10,470

10,463

9,605

8,536

Securities purchased under agreement to resell

-

950

2,000

850

600

400

200

200

250

150

-

-

-

0

-

-

-

-

-

-

-

650

650

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment securities, including securities carried at fair value with changes recorded in net income of $0.0 at March 31, 2020 and $47.2 at December 31, 2019 (see Notes 6 and 9 for amounts pledged)

6,128

6,276

6,109

6,571

7,844

6,233

6,339

5,907

5,910

6,469

5,744

5,530

4,476

4,491

3,592

3,229

2,896

2,953

3,618

1,692

1,347

1,550

792

823

2,255

2,630

2,498

1,558

1,724

1,065

1,004

1,184

1,334

1,257

723

2,983

6,416

378

-

-

-

Assets held for sale

73

32

169

190

79

88

1,380

1,335

2,298

2,263

2,162

1,324

562

636

1,406

1,639

1,487

2,057

2,051

843

817

1,218

1,102

1,328

1,119

1,003

1,122

1,186

646

644

1,421

1,434

1,701

2,332

1,512

1,863

1,174

1,226

887

572

343

Loans (see Note 9 for amounts pledged)

38,530

30,998

31,345

31,322

31,247

30,795

30,495

29,348

29,453

29,113

28,505

29,031

29,691

29,535

29,897

30,093

30,948

30,518

31,248

18,439

18,212

19,495

19,785

18,604

18,571

18,629

21,822

21,678

22,120

17,153

20,383

20,100

20,490

19,905

21,812

22,284

23,736

24,628

26,753

28,883

35,162

Allowance for credit losses

1,111

482

486

487

487

489

477

467

447

431

419

426

448

432

415

393

400

347

320

334

340

346

357

341

352

356

356

367

386

379

397

414

420

407

414

424

402

416

397

-337

-

Total loans, net of allowance for credit losses

37,419

30,516

30,859

30,835

30,759

30,305

30,018

28,881

29,006

28,682

28,085

28,605

29,242

29,103

29,482

29,700

30,547

30,171

30,927

18,104

17,872

19,148

19,428

18,263

18,219

18,273

21,466

21,311

21,734

16,773

19,985

19,686

20,070

19,498

21,397

21,860

23,334

24,212

26,356

28,545

35,162

Trading assets at fair value - derivatives

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17

46

21

8

29

36

21

42

77

12

13

33

45

216

44

Operating lease equipment, net (see Note 9 for amounts pledged)

7,488

7,319

7,099

7,056

6,989

6,970

6,888

6,833

6,774

6,738

6,724

6,736

7,516

7,486

7,383

7,179

7,071

6,851

6,493

6,292

6,065

14,930

15,183

14,788

14,182

13,035

12,577

12,326

12,290

12,411

12,072

11,896

11,904

12,006

11,191

10,920

11,040

11,139

10,964

10,950

10,911

Bank-owned life insurance

1,100

1,043

1,035

1,027

975

814

808

801

795

788

651

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Indemnification assets

-

-

-

-

-

-

-

-

-

-

-

208

313

-

362

386

381

409

462

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unsecured counterparty receivable

-

-

-

-

-

-

-

-

-

-

-

205

212

-

560

570

556

537

529

538

537

559

580

565

279

301

626

642

630

328

592

638

700

729

534

528

516

532

682

818

-

Goodwill

146

369

369

369

369

369

369

369

369

369

625

625

686

685

1,043

1,044

1,060

1,063

999

426

424

571

557

403

403

334

338

344

345

345

330

330

330

345

264

264

277

340

255

239

-

Intangible assets

-

-

-

-

-

-

-

-

-

-

-

125

134

-

147

154

160

166

194

14

14

25

-

-

-

-

22

24

27

31

37

42

50

63

73

84

99

119

136

168

-

Other assets, including $546.5 at March 31, 2020 and $190.7 at December 31, 2019, at fair value

2,881

1,639

1,935

1,828

1,635

1,309

1,562

1,667

1,577

1,595

1,667

1,149

1,075

2,117

2,277

2,407

2,485

2,468

2,494

1,120

1,225

2,106

1,972

1,551

1,704

1,694

1,580

1,473

1,601

1,488

1,651

1,454

1,699

1,550

1,814

2,135

2,116

2,233

2,476

2,739

3,644

Assets of discontinued operations

-

-

-

155

208

249

327

382

463

501

562

630

12,718

13,220

12,973

12,960

12,951

13,059

12,510

12,002

11,996

-

-

1

3,721

3,821

-

-

-

4,202

-

-

-

-

-

-

-

-

-

-

-

Total Assets

58,936

50,832

51,403

50,557

50,781

48,537

49,262

49,855

51,542

49,278

49,335

50,478

63,094

64,170

65,981

66,706

67,088

67,391

68,013

46,553

46,302

47,880

46,481

44,152

48,578

47,139

46,224

44,631

44,563

44,012

43,580

42,796

44,148

45,263

44,477

48,009

50,675

51,419

52,982

54,916

60,504

Liabilities
Deposits

42,162

35,139

35,910

35,324

34,949

31,239

30,825

31,181

30,593

29,569

29,594

30,925

32,336

32,304

32,851

32,862

32,877

32,761

32,317

17,256

16,739

15,849

14,483

13,939

13,189

12,526

11,806

11,171

10,701

9,684

8,709

7,163

6,814

6,193

4,958

4,428

4,294

4,536

4,788

4,708

5,177

Trading liabilities at fair value - derivatives

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

77

44

52

81

81

60

92

66

93

230

205

126

123

46

41

Credit balances of factoring clients

1,023

1,176

1,238

1,175

1,651

1,674

1,672

1,430

1,549

1,468

1,698

1,405

1,547

1,292

1,228

1,215

1,361

1,344

1,609

1,373

1,505

1,622

1,433

1,296

1,213

1,336

1,278

1,205

1,237

1,256

1,224

1,164

1,109

1,225

1,092

1,084

1,110

935

959

877

892

Other liabilities, including $164.4 at March 31, 2020 and $100.8 at December 31, 2019, at fair value

1,795

1,704

1,798

1,562

1,427

1,261

1,461

1,506

1,338

1,437

1,496

1,567

1,577

1,897

1,623

1,557

1,581

1,689

1,988

1,326

1,327

2,888

2,637

2,741

2,692

2,664

2,818

2,523

2,492

2,669

2,567

2,488

2,574

2,584

2,427

2,432

2,383

2,872

2,339

2,373

2,678

Borrowings, including $514.0 at March 31, 2020 and $14.3 at December 31, 2019 contractually due within twelve months

8,094

6,473

6,423

6,326

6,570

8,118

8,674

8,859

10,437

8,974

8,531

8,621

14,736

14,935

14,684

15,583

15,981

16,350

17,043

14,098

14,243

18,455

18,923

17,545

19,508

18,484

21,390

21,001

21,577

18,330

22,906

23,534

25,101

26,307

27,001

30,891

33,686

34,028

35,940

38,276

43,312

Liabilities of discontinued operations

-

-

-

252

273

297

308

350

496

509

563

607

2,731

3,737

4,388

4,394

4,195

4,302

4,281

3,705

3,738

-

0

0

3,172

3,277

-

-

-

3,648

-

-

-

-

-

-

-

-

-

-

-

Total Liabilities

53,075

44,493

45,369

44,641

44,872

42,590

42,942

43,329

44,415

41,958

41,884

43,127

52,928

54,167

54,776

55,612

55,996

56,446

57,239

37,759

37,555

38,816

37,477

35,523

39,776

38,289

37,370

35,945

36,061

35,672

35,490

34,411

35,692

36,377

35,573

39,066

41,681

42,498

44,151

46,282

52,103

Stockholders’ Equity
Preferred Stock: $0.01 par value, 100,000,000 shares authorized, 8,325,000 shares issued and outstanding at March 31, 2020 and December 31, 2019

525

525

325

325

325

325

325

325

325

325

325

325

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common Stock: $0.01 par value, 600,000,000 shares authorized Issued: 0 at March 31, 2020 and 162,188,287 at December 31, 2019 Outstanding: 0 at March 31, 2020 and 94,742,564 at December 31, 2019

1

1

1

1

1

1

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

Paid-in capital

6,873

6,853

6,847

6,836

6,825

6,810

8,831

8,822

8,811

8,798

8,787

8,711

8,782

8,765

8,758

8,749

8,739

8,718

8,683

8,615

8,598

8,603

8,593

8,582

8,569

8,555

8,543

8,530

8,514

8,501

8,491

8,481

8,471

8,459

8,453

8,447

8,440

8,434

8,426

8,419

8,398

Retained earnings

1,552

2,307

2,220

2,111

2,017

1,924

2,182

2,079

1,982

1,906

2,025

1,826

1,701

1,553

2,726

2,625

2,639

2,524

2,414

1,767

1,680

1,615

1,392

905

678

581

471

271

88

-74

-290

14

85

517

499

515

563

505

403

225

-

Accumulated other comprehensive income (loss)

66

-52

-64

-65

-125

-178

-199

-176

-149

-86

-73

-88

-123

-140

-104

-107

-117

-142

-170

-158

-163

-133

-82

-77

-76

-73

-88

-85

-83

-77

-100

-101

-89

-82

-39

-12

-4

-9

1

-9

-

Treasury stock: 64,648,829 shares at March 31, 2020 and 67,445,723 shares at December 31, 2019 at cost

3,158

3,296

3,296

3,293

3,134

2,936

4,821

4,526

3,844

3,625

3,615

3,426

196

178

178

177

172

157

155

1,432

1,370

1,018

900

794

378

226

83

41

26

16

16

16

16

12

12

11

9

8

4

-4

-

Total Common Stockholders’ Equity

5,335

5,814

5,708

5,591

5,584

5,621

5,995

6,200

-

6,995

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total Common Stockholders Equity

5,335

6,339

6,033

5,916

5,909

5,946

5,995

6,200

6,801

6,995

7,126

7,026

10,165

10,002

11,204

11,092

11,091

10,944

10,773

8,793

8,746

9,068

9,005

8,617

8,796

8,838

8,845

8,677

8,494

8,334

8,086

8,380

8,453

8,883

8,903

8,941

8,992

8,923

8,829

8,632

8,400

Noncontrolling minority interests

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

0

0

0

0

0

0

-5

-1

11

5

11

8

8

7

4

4

4

3

2

0

1

1

-2

1

1

1

Total Equity

-

-

-

-

-

-

6,320

6,525

7,126

7,320

7,451

7,351

10,165

10,003

11,204

11,093

11,092

10,945

10,774

8,794

8,747

9,063

9,004

8,629

8,801

8,850

8,853

8,685

8,502

8,339

8,090

8,385

8,456

8,886

8,904

8,942

8,994

8,920

8,830

8,633

8,401

Total Liabilities and Equity

58,936

50,832

51,403

50,557

50,781

48,537

49,262

49,855

51,542

49,278

49,335

50,478

63,094

64,170

65,981

66,706

67,088

67,391

68,013

46,553

46,302

47,880

46,481

44,152

48,578

47,139

46,224

44,631

44,563

44,012

43,580

42,796

44,148

45,263

44,477

48,009

50,675

51,419

52,982

54,916

60,504