TEXTAINER GROUP HOLDINGS LTD TGH Cash Flow

Textainer group holdings ltd (TGH)

CashFlow / TTM

Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09
Cash flows from operating activities:
Net income (loss)
205,063	199,433	194,579	210,668	204,018	194,417	182,332	149,504	133,764	116,959	98,747	107,865	105,330	0	0	0
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation expense
-	0	0	0	-	79,726	75,808	64,995	58,972	54,429	52,091	50,164	48,473	0	0	0
Bad debt expense, net
-	3,925	4,924	4,589	3,007	0	0	0	-	-	-	2,361	3,304	0	0	0
Unrealized (gains) losses on interest rate swaps, collars and caps, net
5,527	5,093	466	-5,012	-3,849	-263	65	-210	-4,021	-5,622	-3,243	8,218	11,147	0	0	0
Amortization of debt issuance costs
-	0	0	0	-	7,566	7,059	5,637	4,399	3,232	1,960	2,065	2,176	0	0	0
Amortization of intangible assets
5,020	5,215	5,383	5,658	6,110	6,531	6,724	6,725	6,544	6,389	6,773	7,047	7,080	0	0	0
Amortization of acquired net below-market leases
-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-
Amortization of deferred revenue
6,026	8,049	9,806	9,898	9,181	0	0	0	-	-	-	-	-	-	-	-
Amortization of acquired above-market leases
-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0
Amortization of deferred revenue
-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Amortization of unearned income on direct financing and sales-type leases
-	0	0	0	-	8,607	8,283	11,536	7,853	20,957	17,925	8,660	8,625	0	0	0
Gains on sale of containers, net
-	34,916	35,271	36,526	31,631	29,969	26,445	24,404	27,624	25,241	23,771	18,906	12,111	0	0	0
(Gains) losses on sales-type leases, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Gain on early extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-	19,398	0	0	0
Share-based compensation expense
7,968	7,524	7,106	6,845	6,177	5,804	5,457	5,106	5,457	5,273	5,085	4,872	3,493	0	0	0
Increase (decrease) in:
Changes in operating assets and liabilities
-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0
Total adjustments
73,292	51,078	40,352	20,699	18,382	9,648	4,255	15,291	30,119	32,150	30,466	16,255	8,432	0	0	0
Net cash provided by operating activities
278,355	250,511	234,931	231,367	222,400	204,065	186,587	164,795	163,883	149,109	129,213	124,120	113,762	0	0	0
Cash flows from investing activities:
Purchase of containers and fixed assets
1,087,489	821,371	612,630	799,271	823,694	999,442	867,605	500,736	402,286	239,868	187,732	163,009	137,387	0	0	0
Proceeds from sale of containers and fixed assets
91,324	85,844	87,464	83,834	75,311	71,132	60,941	55,483	58,166	53,812	57,784	56,617	51,946	0	0	0
Receipt of payments on direct financing and sales-type leases, net of income earned
30,582	32,229	29,171	27,760	25,987	29,621	28,504	41,533	41,156	38,904	37,014	24,157	23,748	0	0	0
Net cash used in investing activities
-986,115	-703,298	-503,992	-699,460	-734,179	-910,472	-781,946	-403,720	-302,964	-147,125	-92,917	-96,030	-75,488	0	0	0
Cash flows from financing activities:
Proceeds from credit facilities
435,720	245,630	215,630	216,730	202,100	267,000	260,000	189,000	152,000	0	0	0	-	-	-	-
Principal payments on credit facilities
127,327	164,628	257,046	133,445	173,053	0	0	0	-	-	-	-	160,000	0	0	0
Proceeds from secured debt facilities
907,000	875,000	945,000	496,500	627,000	809,000	616,000	461,500	327,000	180,000	170,000	147,500	196,500	0	0	0
Principal payments on secured debt facilities
-	-	-	-	364,803	382,302	396,303	98,000	98,500	151,500	166,000	167,500	167,500	0	0	0
Principal payments on bonds payable
118,168	108,167	98,168	81,500	71,500	61,500	51,500	51,500	51,500	51,500	51,501	51,668	53,293	0	0	0
Extinguishment of bonds payable
-	-	-	-	-	-	-	-	-	-	-	-	20,234	0	0	0
(Increase) decrease in restricted cash
-7,173	-8,567	-10,687	-46,497	-30,824	-28,217	-22,222	-10,340	-8,448	-8,057	-1,658	-703	9,521	0	0	0
Debt issuance costs
24,048	23,203	19,430	7,896	8,402	8,313	7,470	12,717	11,670	11,669	11,672	103	112	0	0	0
Issuance of common shares upon exercise of share options
4,669	4,830	4,202	4,560	6,065	7,086	8,931	9,238	5,033	0	0	0	-	-	-	-
Excess tax benefit from share-based compensation awards
2,580	3,107	3,306	3,288	3,633	0	0	0	-	-	-	-	-	-	-	-
Capital contributions from noncontrolling interest
12,007	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid to shareholders
83,473	76,071	71,380	66,722	62,549	58,446	54,336	50,711	47,631	45,591	44,538	43,990	43,940	0	0	0
Net cash used in financing activities
732,929	493,116	274,142	454,530	529,490	716,548	613,134	272,652	139,284	13,470	-26,641	-39,032	-53,058	0	0	0
Effect of exchange rate changes
142	-92	-91	19	24	236	241	187	59	64	25	137	113	0	0	0
Net (decrease) increase in cash and cash equivalents
25,311	40,237	4,990	-13,544	17,735	10,377	18,016	33,914	262	15,518	9,680	-10,805	-14,671	0	0	0
Supplemental disclosures of cash flow information:
Cash paid during the year for:
Interest and realized losses on interest rate swaps, collars and caps, net
70,392	65,986	60,110	52,803	46,287	38,500	30,928	26,376	23,061	21,633	21,398	22,802	24,506	0	0	0
Net income taxes paid
820	729	546	474	391	457	516	530	649	0	0	0	-	-	-	-
Supplemental disclosures of noncash investing activities:
Increase (decrease) in accrued container purchases
62,198	42,337	77,984	-52,660	-73,221	0	0	0	-	-	-	-	-	-	-	-
Income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Increase in accrued container purchases
-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0
Containers placed in direct financing and sales-type leases
149,115	80,904	78,790	57,249	47,672	37,401	28,101	20,806	23,590	31,174	3,459	28,768	18,023	0	0	0