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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Current assets    
Current portion of restricted cash $ 600  
Accounts receivable, net of allowance for doubtful accounts of $393 and $7,671 at December 31, 2020 and 2019, respectively 65,310 $ 72,984
Current portion of net investment in finance leases 78,992 71,228
Prepaid expenses and other current assets 16,213 7,849
Assets held for sale   322,294
Total current assets 214,662 520,819
Restricted cash 12,355 26,775
Rental equipment, net of accumulated depreciation of $669,360 and $588,815 at December 31, 2020 and 2019, respectively 1,781,321 1,820,735
Net investment in finance leases 550,573 495,488
Financing receivable [1] 48,888 30,693
Other non-current assets 4,833 7,255
Total assets [2] 2,612,632 2,901,765
Current liabilities    
Accounts payable 3,666 4,534
Accrued expenses and other current liabilities 29,598 25,206
Unearned revenue 3,029 6,405
Current portion of debt 183,448 218,094
Rental equipment payable 100,509 25,137
Liabilities held for sale   8,752
Total current liabilities 320,250 288,128
Debt 1,562,283 1,880,122
Derivative instruments 80  
Net deferred income tax liability 24,442 35,376
Other non-current liabilities 3,337 4,899
Total liabilities [3] 1,910,392 2,208,525
Stockholders' equity    
Common stock, par value $0.0001 per share; authorized 84,000,000 shares; issued and outstanding 17,562,779 and 17,479,127 shares at December 31, 2020 and 2019, respectively 2 2
Additional paid-in capital 100,795 102,709
Accumulated other comprehensive loss (5,743) (6,630)
Retained earnings 503,321 493,294
Total stockholders' equity 702,240 693,240
Total liabilities and stockholders' equity 2,612,632 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 26,691 19,870
Variable Interest Entity, Primary Beneficiary [Member]    
Current assets    
Cash 26,856 26,594
Restricted cash 12,400  
Rental equipment, net of accumulated depreciation of $669,360 and $588,815 at December 31, 2020 and 2019, respectively 77,907 101,907
Net investment in finance leases 2,683 4,790
Current liabilities    
Current portion of debt 41,344 26,931
Debt $ 59,519 $ 100,849
[1] Included in financing receivable in the consolidated balance sheets.
[2] Total assets at December 31, 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, $26,856 and $26,594; Net investment in finance leases, $2,683 and $4,790; and Rental equipment net of accumulated depreciation, $77,907 and $101,907, respectively.
[3] Total liabilities at December 31, 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, $41,344 and $26,931; Debt, $59,519 and $100,849, respectively.