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Consolidated Statements of Cash Flows (UNAUDITED) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Cash flows from operating activities    
Net income $ 46,870 $ 37,891
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 34,570 23,064
Amortization of debt issuance costs 1,887 959
Amortization of intangible assets 676 1,025
Stock-based compensation expense 948 895
Loss (gain) on foreign exchange 476 (513)
Gain on sale of container portfolios (1,256) (2,345)
Gain on disposition of used rental equipment (8,811) (10,151)
Deferred income taxes 118 597
Bad debt expense (recovery) 101 (895)
Changes in other operating assets and liabilities:    
Accounts receivable (10,253) (1,657)
Prepaid expenses and other assets (1,493) 1,038
Accounts payable, accrued expenses and other current liabilities 9,669 1,364
Due to container investors 666 (472)
Unearned revenue 1,850 953
Net cash provided by operating activities 76,018 51,753
Cash flows from investing activities    
Purchase of rental equipment (357,505) (386,275)
Net proceeds from sale of container portfolios 10,320 24,886
Net proceeds from disposition of used rental equipment 35,777 23,426
Purchase of furniture, fixtures and equipment (247) (107)
Receipt of principal payments from direct financing leases 6,226 4,447
Net cash used in investing activities (305,429) (333,623)
Cash flows from financing activities    
Stock issuance costs 0 (139)
Proceeds from debt 600,381 338,300
Principal payments on debt (348,285) (56,270)
Repurchase of noncontrolling interest (19,467) 0
Debt issuance costs (2,792) (1,499)
Decrease in restricted cash 599 0
Net cash provided by financing activities 230,436 280,392
Effect on cash of foreign currency translation 108 234
Net increase (decrease) in cash 1,133 (1,244)
Cash at beginning of the period 14,078 14,393
Cash at end of the period 15,211 13,149
Cash paid during the period for:    
Income taxes 2,284 5,599
Interest 17,465 8,051
Supplemental disclosure of non-cash investing and financing activity    
Transfer of container rental equipment to direct finance lease 52,388 27,295
Payment of revolving credit facility from term loan $ 20,000 $ 0