XML 14 R2.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2020
Jun. 30, 2020
Assets    
Cash and cash equivalents $ 17,297,000 $ 17,478,000
Trade and other receivables, net of allowance for doubtful accounts of $5,972 and $5,514 at June 30, 2020 and September 30, 2020, respectively 42,221,000 44,066,000
Inventories 20,192,000 20,928,000
Prepaid expenses and other 13,660,000 8,207,000
Property, plant and equipment, net 24,064,000 24,396,000
Lease fleet, net 459,107,000 458,727,000
Operating lease assets 76,723,000 66,225,000
Goodwill 98,234,000 97,224,000
Other intangible assets, net 17,920,000 18,771,000
Total assets 769,418,000 756,022,000
Liabilities    
Trade payables and accrued liabilities 44,949,000 46,845,000
Income taxes payable 360,000 645,000
Unearned revenue and advance payments 27,115,000 24,642,000
Operating lease liabilities 77,913,000 67,142,000
Senior and other debt, net 375,000,000 379,798,000
Fair value of bifurcated derivatives in Convertible Note 19,008,000 18,325,000
Deferred tax liabilities 44,662,000 43,708,000
Total liabilities 589,007,000 581,105,000
Commitments and contingencies (Note 9)
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, 2020 and September 30, 2020 40,100,000 40,100,000
Common stock, $.0001 par value: 100,000,000 shares authorized; 30,880,531 shares issued and 29,968,766 outstanding at June 30, 2020 and 31,086,990 shares issued and 30,175,225 shares outstanding at September 30, 2020 3,000 3,000
Additional paid-in capital 182,796,000 183,051,000
Accumulated other comprehensive loss (20,440,000) (22,106,000)
Accumulated deficit (16,707,000) (20,790,000)
Treasury stock, at cost; 911,765 shares at June 30, 2020 and September 30, 2020 (5,845,000) (5,845,000)
Total General Finance Corporation stockholders' equity 179,907,000 174,413,000
Equity of noncontrolling interests 504,000 504,000
Total equity 180,411,000 174,917,000
Total liabilities and equity $ 769,418,000 $ 756,022,000