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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets    
Current portion of restricted cash $ 316,915  
Accounts receivable, net of allowance for doubtful accounts of $418 and $7,671 at September 30, 2020 and December 31, 2019, respectively 65,574 $ 72,984
Current portion of net investment in finance leases 75,240 71,274
Prepaid expenses and other current assets 15,746 9,606
Assets held for sale   37,781
Total current assets 515,775 238,109
Restricted cash 23,232 26,775
Rental equipment, net of accumulated depreciation of $676,330 and $620,990 at September 30, 2020 and December 31, 2019, respectively 2,018,142 2,102,839
Net investment in finance leases 455,168 496,094
Financing receivable [1] 51,384 30,693
Other non-current assets 5,493 7,255
Total assets [2] 3,069,194 2,901,765
Current liabilities    
Accounts payable 3,868 4,534
Accrued expenses and other current liabilities 26,423 25,206
Unearned revenue 6,851 6,405
Current portion of debt 502,013 218,094
Rental equipment payable 89,634 25,137
Liabilities held for sale   8,752
Total current liabilities 628,789 288,128
Debt 1,706,170 1,880,122
Derivative instruments 1,820  
Deferred income tax liability 29,626 35,376
Other non-current liabilities 3,759 4,899
Total liabilities [3] 2,370,164 2,208,525
Stockholders' equity    
Common stock, par value $0.0001 per share; authorized 84,000,000 shares; issued and outstanding 17,742,443 and 17,479,127 shares at September 30, 2020 and December 31, 2019, respectively 2 2
Additional paid-in capital 106,990 102,709
Accumulated other comprehensive loss (7,560) (6,630)
Retained earnings 495,733 493,294
Total stockholders' equity 699,030 693,240
Total liabilities and stockholders' equity 3,069,194 2,901,765
Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Stock [Member]    
Stockholders' equity    
Preferred stock, par value $0.0001 per share; authorized 10,000,000 54,990 54,990
Series B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Stock [Member]    
Stockholders' equity    
Preferred stock, par value $0.0001 per share; authorized 10,000,000 48,875 48,875
Consolidated Entity Excluding Variable Interest Entities (VIE) [Member]    
Current assets    
Cash 15,516 19,870
Variable Interest Entity, Primary Beneficiary [Member]    
Current assets    
Cash 26,784 26,594
Rental equipment, net of accumulated depreciation of $676,330 and $620,990 at September 30, 2020 and December 31, 2019, respectively 84,938 101,907
Net investment in finance leases 3,326 4,790
Current liabilities    
Current portion of debt 33,899 26,931
Debt $ 74,602 $ 100,849
[1] Included in financing receivable in the consolidated balance sheets.
[2] Total assets at September 30, 2020 and December 31, 2019 include the following assets of certain variable interest entities (VIEs) that can only be used to settle the liabilities of those VIEs: Cash, $26,784 and $26,594; Net investment in finance leases, $3,326 and $4,790; and Rental equipment, net of accumulated depreciation, $84,938, and $101,907, respectively.
[3] Total liabilities at September 30, 2020 and December 31, 2019 include the following VIE liabilities for which the VIE creditors do not have recourse to CAI International, Inc.: Current portion of debt, $33,899 and $26,931; Debt, $74,602 and $100,849, respectively.