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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Current assets    
Accounts receivable, net of allowance for doubtful accounts of $1,440 and $1,340 at December 31, 2017 and 2016, respectively $ 70,598 $ 63,745
Current portion of net investment in direct finance leases 30,063 19,959
Prepaid expenses and other current assets 4,258 5,315
Total current assets 140,339 135,153
Restricted cash 11,789 6,192
Rental equipment, net of accumulated depreciation of $505,546 and $421,153 at December 31, 2017 and 2016, respectively 2,004,961 1,807,010
Net investment in direct finance leases 246,450 80,582
Goodwill 15,794 15,794
Intangible assets, net of accumulated amortization of $3,407 and $2,681 at December 31, 2017 and 2016, respectively 7,723 9,691
Furniture, fixtures and equipment, net of accumulated depreciation of $3,201 and $2,833 at December 31, 2017 and 2016, respectively 338 550
Other non-current assets 3,008 962
Total assets [1] 2,430,402 2,055,934
Current liabilities    
Accounts payable 7,831 13,804
Accrued expenses and other current liabilities 15,706 11,778
Due to container investors 4,119 7,077
Unearned revenue 7,811 10,613
Current portion of debt 132,049 95,527
Rental equipment payable 92,415 25,207
Total current liabilities 259,931 164,006
Debt 1,570,773 1,380,499
Deferred income tax liability 35,853 51,804
Other long term liabilities   2,121
Total liabilities [2] 1,866,557 1,598,430
Stockholders' equity    
Common stock: par value $.0001 per share; authorized 84,000,000 shares; issued and outstanding 20,390,622 and 19,057,217 shares at December 31, 2017 and 2016, respectively 2 2
Additional paid-in capital 172,325 141,058
Accumulated other comprehensive loss (6,122) (8,132)
Retained earnings 397,640 324,576
Total stockholders' equity 563,845 457,504
Total liabilities and stockholders' equity 2,430,402 2,055,934
Consolidated Entity Excluding Variable Interest Entities (VIE) [Member]    
Current assets    
Cash 14,735 15,685
Variable Interest Entity, Primary Beneficiary [Member]    
Current assets    
Cash 20,685 30,449
Rental equipment, net of accumulated depreciation of $505,546 and $421,153 at December 31, 2017 and 2016, respectively 61,842 62,477
Net investment in direct finance leases 4,423 7,331
Current liabilities    
Current portion of debt 22,549 30,980
Debt $ 72,727 $ 74,887
[1] Total assets at December 31, 2017 and December 31, 2016 include the following assets of certain variable interest entities (VIEs) that can only be used to settle the liabilities of those VIEs: Cash, $20,685 and $30,449; Net investment in direct finance leases, $4,423 and $7,331; and Rental equipment net of accumulated depreciation, $61,842 and $62,477, respectively.
[2] Total liabilities at December 31, 2016 and December 31, 2015 include the following VIE liabilities for which the VIE creditors do not have recourse to CAI International, Inc.: Current portion of debt, $22,549 and $30,980; Debt, $72,727 and $74,887, respectively.