General finance corp (GFN)
Balance Sheet / 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'11
Assets
Cash and cash equivalents

11,743

10,067

12,132

10,359

6,814

5,848

9,542

21,617

10,827

5,507

10,227

7,792

8,222

6,388

9,403

9,342

7,046

4,272

8,717

3,716

8,551

6,290

9,390

5,846

8,349

2,445

3,131

6,278

2,744

5,594

6,282

7,085

7,832

6,191

6,190

6,574

Trade and other receivables, net of allowance for doubtful accounts of $5,490 and $5,508 at June 30, 2019 and March 31, 2020, respectively

47,003

51,372

53,682

56,204

54,912

54,977

54,794

50,525

53,169

54,689

49,263

44,390

41,760

46,660

40,503

38,067

39,720

44,718

-

47,641

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,000

1,000

-

-

-

-

-

-

Trade and other receivables, net of allowance for doubtful accounts of $6,663 and $7,036 at June 30, 2015 and September 30, 2015

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

44,514

-

54,633

65,792

54,909

61,474

44,077

32,168

42,440

34,360

34,456

33,420

32,601

35,443

35,103

28,968

28,765

30,498

Inventories

25,509

31,436

33,186

29,077

36,962

36,978

38,530

22,731

29,208

32,801

34,561

29,648

30,759

31,515

38,874

34,609

39,874

40,801

43,963

36,875

41,162

41,893

38,713

27,402

36,596

39,180

52,273

31,858

37,095

42,472

32,620

31,206

36,461

35,269

26,560

20,942

Prepaid expenses and other

10,953

9,383

12,380

9,823

11,384

10,452

10,954

8,023

10,413

8,563

8,703

8,923

10,452

9,301

9,555

9,366

10,322

8,438

10,136

7,763

10,096

6,771

11,023

9,919

11,020

5,869

5,254

5,571

5,978

5,601

4,677

5,029

5,342

5,508

5,226

4,503

Property, plant and equipment, net

24,501

24,578

24,263

22,895

23,272

23,238

22,241

22,310

22,731

23,316

22,997

23,388

24,231

25,053

26,125

26,951

27,625

28,278

37,609

39,452

40,709

40,150

29,933

30,614

21,884

21,008

21,571

19,840

19,277

18,435

14,148

12,732

12,032

11,926

11,737

12,652

Lease fleet, net

449,726

466,274

453,456

456,822

455,634

448,454

437,655

429,388

436,712

436,585

429,499

427,275

426,240

420,344

424,206

419,345

423,169

418,127

401,234

410,985

415,523

418,033

402,129

396,552

340,307

327,231

310,465

290,165

301,282

289,983

274,017

259,458

247,307

228,929

216,060

220,095

Operating lease assets

63,759

70,149

68,166

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill

108,592

111,275

110,309

111,323

111,403

110,924

110,008

109,943

110,699

109,989

106,286

105,129

104,979

103,107

103,985

102,546

102,332

103,165

96,975

99,344

98,281

97,357

92,327

93,166

72,276

71,001

71,953

68,692

73,205

72,664

69,281

68,449

68,209

67,551

66,207

68,948

Other intangible assets, net

-

-

-

-

-

-

-

-

-

-

-

-

30,617

30,643

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other intangible assets, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

31,798

-

37,761

39,833

38,982

41,394

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other intangible assets, net

19,666

19,743

20,722

21,809

22,774

23,851

24,578

25,150

26,088

26,794

27,154

28,769

-

-

-

33,348

-

-

-

-

42,857

43,874

42,168

43,516

14,829

14,882

15,900

16,402

19,174

20,240

18,843

18,158

18,954

19,880

20,684

23,358

Total assets

761,452

794,277

788,296

718,312

723,155

714,722

708,302

689,687

699,847

698,244

688,690

675,314

677,260

673,011

684,449

673,574

687,849

687,632

682,130

687,170

711,812

720,160

680,592

668,489

549,338

513,784

522,987

473,166

494,211

489,409

452,469

437,560

431,240

404,222

381,429

387,570

Liabilities
Trade payables and accrued liabilities

41,295

43,843

46,636

48,460

46,169

53,812

58,417

50,545

47,001

47,012

45,811

42,774

35,706

38,686

39,928

43,476

41,946

42,421

47,827

37,590

42,287

56,131

56,465

53,838

42,309

35,340

52,467

32,238

37,837

36,480

33,017

35,964

33,268

33,709

30,187

32,522

Income taxes payable

696

302

354

506

-

-

-

361

-

-

-

-

-

-

-

175

125

-

784

1,291

984

1,367

934

1,136

21

239

287

496

289

404

217

593

270

189

138

440

Unearned revenue and advance payments

24,358

29,028

26,921

22,671

21,825

20,208

20,844

19,226

19,394

17,066

19,398

15,548

14,904

14,635

14,900

14,085

15,249

16,270

19,422

13,958

13,748

13,783

13,606

14,480

15,427

12,352

15,721

15,764

12,819

14,740

12,531

12,151

10,970

10,415

10,707

10,292

Operating lease liabilities

64,395

70,727

68,907

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Senior and other debt, net

378,297

398,423

405,851

411,141

424,670

412,020

406,122

427,218

439,423

440,071

435,628

355,638

365,356

361,350

365,729

352,220

359,412

358,293

350,942

356,733

373,189

358,075

318,601

302,877

215,395

198,903

188,284

162,951

212,918

210,937

187,537

174,092

171,713

151,066

137,821

136,589

Fair value of bifurcated derivatives in Convertible Note

26,147

14,888

18,790

19,782

18,041

16,910

7,579

15,583

4,085

3,581

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax liabilities

46,725

44,114

40,251

38,711

38,969

37,975

36,496

34,969

36,771

36,901

36,998

38,106

38,260

39,040

39,319

39,006

41,218

42,726

42,169

43,242

44,070

44,974

41,908

38,273

34,669

32,016

29,307

27,576

25,613

24,018

21,941

20,763

19,803

18,127

17,809

15,835

Total liabilities

581,913

601,325

607,710

541,271

549,674

540,925

529,458

547,902

546,674

544,631

537,835

452,066

454,226

453,711

459,876

448,962

457,950

459,710

461,144

452,814

474,278

474,330

431,514

410,604

307,821

278,850

286,066

239,025

289,476

286,579

255,243

243,563

236,024

213,506

196,662

195,678

Commitments and contingencies (Note 9)

-

-

-

-

-

-

-

-

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

Equity
Cumulative preferred stock, $.0001 par value: 1,000,000 shares authorized; 400,100 shares issued and outstanding (in series) and liquidation value of $40,722 at June 30, 2019 and $40,712 at March 31, 2020

40,100

40,100

40,100

40,100

40,100

40,100

40,100

40,100

40,100

40,100

40,100

40,100

40,100

40,100

40,100

40,100

40,100

40,100

40,100

40,100

40,100

40,100

40,100

40,100

40,100

40,100

40,100

40,100

1,395

2,145

1,395

1,395

1,395

1,395

1,395

1,395

Common stock, $.0001 par value: 100,000,000 shares authorized; 30,471,406 shares issued and outstanding at June 30, 2019 and 30,625,781 at March 31, 2020

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

2

2

2

2

2

2

2

2

2

2

2

2

Additional paid-in capital

183,282

183,555

183,779

183,933

184,141

184,406

184,443

139,547

138,778

138,333

138,259

120,370

120,795

121,187

121,593

122,568

123,309

123,605

123,924

124,288

124,639

124,823

127,713

128,030

118,652

119,168

119,735

120,146

114,532

113,301

113,078

112,865

112,699

112,552

112,422

112,278

Accumulated other comprehensive loss

-23,373

-18,858

-21,007

-18,755

-17,287

-17,568

-16,764

-17,091

-15,608

-15,286

-14,996

-12,355

-12,895

-10,942

-12,682

-14,129

-12,976

-15,883

-18,454

-12,873

-11,937

-8,117

-3,968

1,915

357

-2,248

785

-906

7,552

7,156

7,256

5,809

7,304

4,668

2,337

4,904

Accumulated deficit

-20,977

-12,352

-22,793

-28,744

-33,980

-33,648

-29,442

-21,278

-10,604

-10,041

-13,015

-12,972

-12,099

-15,926

-11,225

-10,010

-7,092

-4,732

-5,751

-4,653

-2,452

-1,633

-7,146

-11,786

-13,494

-15,479

-18,024

-19,179

-19,358

-20,107

-21,871

-22,877

-23,085

-24,297

-24,408

-25,490

Total General Finance Corporation stockholders' equity

179,035

192,448

180,082

176,537

172,977

173,293

178,340

141,281

152,669

153,109

150,351

135,146

135,904

134,422

137,789

138,532

143,344

143,093

139,822

146,865

150,353

155,176

156,702

158,262

145,617

141,543

142,598

140,163

104,123

102,497

99,860

97,194

98,315

94,320

91,748

93,089

Equity of noncontrolling interests

504

504

504

504

504

504

504

504

504

504

504

88,102

87,130

84,878

86,784

86,080

86,555

84,829

81,164

87,491

87,181

90,654

92,376

99,623

95,900

93,391

94,323

93,978

100,612

100,333

97,366

96,803

96,901

96,396

93,019

98,803

Total equity

179,539

192,952

180,586

177,041

173,481

173,797

178,844

141,785

153,173

153,613

150,855

223,248

223,034

219,300

224,573

224,612

229,899

227,922

220,986

234,356

237,534

245,830

249,078

257,885

241,517

234,934

236,921

234,141

204,735

202,830

197,226

193,997

195,216

190,716

184,767

191,892

Total liabilities and equity

761,452

794,277

788,296

718,312

723,155

714,722

708,302

689,687

699,847

698,244

688,690

675,314

677,260

673,011

684,449

673,574

687,849

687,632

682,130

687,170

711,812

720,160

680,592

668,489

549,338

513,784

522,987

473,166

494,211

489,409

452,469

437,560

431,240

404,222

381,429

387,570