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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash flows from operating activities    
Net income $ 48,335 $ 46,870
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 49,400 34,570
Amortization of debt issuance costs 3,090 1,887
Amortization of intangible assets 681 676
Stock-based compensation expense 1,111 948
(Gain) loss on foreign exchange (20) 476
Gain on sale of equipment portfolios   (1,256)
Gain on disposition of used rental equipment (5,822) (8,811)
Deferred income taxes 42 118
Bad debt expense 120 101
Changes in other operating assets and liabilities:    
Accounts receivable 788 (10,253)
Prepaid expenses and other assets (24) (1,493)
Accounts payable, accrued expenses and other current liabilities (1,284) 9,669
Due to container investors (5,374) 666
Unearned revenue (1,252) 1,850
Net cash provided by operating activities 89,791 76,018
Cash flows from investing activities    
Purchase of rental equipment (287,959) (357,505)
Net proceeds from sale of equipment portfolios   10,320
Net proceeds from disposition of used rental equipment 22,512 35,777
Purchase of furniture, fixtures and equipment (59) (247)
Receipt of principal payments from direct financing leases 9,142 6,226
Net cash used in investing activities (256,364) (305,429)
Cash flows from financing activities    
Stock issuance costs (155)  
Exercise of stock options 1,500  
Proceeds from debt 536,170 600,381
Principal payments on debt (340,154) (348,285)
Repurchase of noncontrolling interest   (19,467)
Debt issuance costs (6,529) (2,792)
(Increase) decrease in restricted cash (5,132) 599
Net cash provided by financing activities 185,700 230,436
Effect on cash of foreign currency translation (1,180) 108
Net increase in cash 17,947 1,133
Cash at beginning of the period 17,671 14,078
Cash at end of the period 35,618 15,211
Cash paid during the period for:    
Income taxes 4,791 2,284
Interest 25,173 17,465
Supplemental disclosure of non-cash investing and financing activity    
Transfer of rental equipment to direct finance lease 29,091 52,388
Transfer of direct finance lease to rental equipment 30,118  
Payment of revolving credit facility from term loan   $ 20,000