XML 56 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Revenue                      
Rental revenue                 $ 152,982 $ 106,694 $ 64,892
Management fee revenue                 12,094 12,957 10,348
Gain on sale of container portfolios                 1,256 2,345 614
Finance lease income                 7,593 3,710 2,045
Total revenue 49,854 44,939 39,725 39,407 36,243 32,962 28,759 27,742 173,925 125,706 77,899
Operating expenses                      
Depreciation of rental equipment                 48,352 33,633 20,807
Amortization of intangible assets                 902 1,254 1,377
Gain on disposition of used rental equipment                 (12,445) (13,374) (9,112)
Storage, handling and other expenses                 9,402 5,513 6,170
Marketing, general and administrative expense                 24,658 21,009 21,218
Loss (gain) on foreign exchange                 170 (354) 513
Total operating expenses 20,268 18,893 15,363 16,515 15,342 11,274 11,839 9,226 71,039 47,681 40,973
Operating income 29,586 26,046 24,362 22,892 20,901 21,688 16,920 18,516 102,886 78,025 36,926
Interest expense                 28,796 16,139 5,278
Interest income                 (9) (12) (109)
Net interest expense                 28,787 16,127 5,169
Net income before income taxes and non-controlling interest                 74,099 61,898 31,757
Income tax expense                 9,818 11,084 3,555
Net income                 64,281 50,814 28,202
Net (income) loss attributable to non-controlling interest                 (816) (625) 181
Net income attributable to CAI common stockholders $ 17,411 $ 16,528 $ 15,135 $ 14,391 $ 12,891 $ 13,622 $ 10,880 $ 12,796 $ 63,465 $ 50,189 $ 28,383
Net income per share attributable to CAI common stockholders                      
Basic (in dollars per share) $ 0.87 $ 0.86 $ 0.78 $ 0.75 $ 0.67 $ 0.71 $ 0.56 $ 0.66 $ 3.26 $ 2.60 $ 1.58
Diluted (in dollars per share) $ 0.85 $ 0.84 $ 0.77 $ 0.73 $ 0.66 $ 0.70 $ 0.55 $ 0.65 $ 3.18 $ 2.55 $ 1.56
Weighted average shares outstanding                      
Basic (in shares)                 19,495 19,295 17,974
Diluted (in shares)                 19,945 19,693 18,203