Schedule I - Parent Company Information

12 Months Ended

Dec. 31, 2022

Condensed Financial Information Of Parent Company Only Disclosure [Abstract]

Schedule I - Parent Company Information

TEXTAINER GROUP HOLDINGS LIMITED AND SUBSIDIARIES

SCHEDULE I - CONDENSED STATEMENTS OF COMPREHENSIVE INCOME

Parent Company Information

Years Ended December 31, 2022, 2021 and 2020

(All currency expressed in United States dollars in thousands)

	2022			2021			2020
Operating expenses:
General and administrative expense	$	6,047		$	4,519		$	3,988
Total operating expenses		6,047			4,519			3,988
Loss from operations		(6,047	)		(4,519	)		(3,988	)
Other income:
Equity in net income of subsidiaries		316,226			289,133			76,076
Other, net		(755	)		(326	)		734
Net other income		315,471			288,807			76,810
Income before income tax		309,424			284,288			72,822
Income tax benefit (expense)		—			—			—
Net income		309,424			284,288			72,822
Less: Dividends on preferred shares		19,875			10,829			—
Net income attributable to common shareholders	$	289,549		$	273,459		$	72,822
Net income attributable to common shareholders per share:
Basic	$	6.23		$	5.51		$	1.37
Diluted	$	6.12		$	5.41		$	1.36
Weighted average shares outstanding (in thousands):
Basic		46,471			49,624			53,271
Diluted		47,299			50,576			53,481
Other comprehensive income (loss), before tax:
Change in derivative instruments designated as cash flow hedges		151,814			10,986			(12,307	)
Reclassification of realized (gain) loss on derivative instruments   designated as cash flow hedges		(12,709	)		8,771			2,806
Foreign currency translation adjustments		(125	)		(79	)		177
Comprehensive income, before tax		448,404			303,966			63,498
Income tax (expense) benefit related to items of other   comprehensive income		(1,380	)		(184	)		91
Comprehensive income, after tax		447,024			303,782			63,589
Less: Dividends on preferred shares		19,875			10,829			—
Comprehensive income attributable to common shareholders	$	427,149		$	292,953		$	63,589

TEXTAINER GROUP HOLDINGS LIMITED AND SUBSIDIARIES

SCHEDULE I - CONDENSED BALANCE SHEETS

Parent Company Information

December 31, 2022 and 2021

(All currency expressed in United States dollars in thousands)

	2022			2021
Assets
Current assets:
Cash and cash equivalents	$	6,012		$	10,696
Prepaid expenses and other current assets		374			378
Due from affiliates, net		774			2,231
Total current assets		7,160			13,305
Restricted cash		95			—
Investments in subsidiaries		1,989,605			1,768,779
Total assets	$	1,996,860		$	1,782,084
Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable and accrued expenses	$	571		$	830
Shareholders’ equity:
Preferred shares		300,000			300,000
Common shares		599			595
Treasury shares		(337,551	)		(158,459	)
Additional paid-in capital		442,154			428,945
Accumulated other comprehensive income		147,350			9,750
Retained earnings		1,443,737			1,200,423
Total shareholders’ equity		1,996,289			1,781,254
Total liabilities and shareholders’ equity	$	1,996,860		$	1,782,084

TEXTAINER GROUP HOLDINGS LIMITED AND SUBSIDIARIES

SCHEDULE I - CONDENSED STATEMENTS OF CASH FLOWS

Parent Company Information

Years ended December 31, 2022, 2021 and 2020

(All currency expressed in United States dollars in thousands)

	2022			2021			2020
Cash flows from operating activities:
Net income	$	309,424		$	284,288		$	72,822
Adjustments to reconcile net income to net cash provided by    operating activities:
Equity in net income of subsidiaries		(316,226	)		(289,133	)		(76,076	)
Dividends received from subsidiaries		233,000			61,000			76,167
Share-based compensation		7,728			6,699			4,723
Decrease (increase) in:
Prepaid expenses and other current assets		4			(42	)		(26	)
Increase (decrease) in:
Accounts payable and accrued expenses		(259	)		436			(82	)
Total adjustments		(75,753	)		(221,040	)		4,706
Net cash provided by operating activities		233,671			63,248			77,528
Cash flows from investing activities:
Investments in subsidiaries		125			(269,436	)		(2,050	)
Net cash provided by (used in) investing activities		125			(269,436	)		(2,050	)
Cash flows from financing activities:
Issuance of preferred shares, net of underwriting discount		—			290,550			—
Purchase of treasury shares		(179,092	)		(72,220	)		(68,493	)
Issuance of common shares upon exercise of share options		5,485			9,043			1,295
Dividends paid on common shares		(46,235	)		(12,285	)		—
Dividends paid on preferred shares		(19,875	)		(9,975	)		—
Due to (from) affiliates, net		1,457			448			(2,041	)
Other		—			(970	)		—
Net cash (used in) provided by financing activities		(238,260	)		204,591			(69,239	)
Effect of exchange rate changes		(125	)		(79	)		177
Net change in cash, cash equivalents and restricted cash		(4,589	)		(1,676	)		6,416
Cash, cash equivalents and restricted cash, beginning of the year		10,696			12,372			5,956
Cash, cash equivalents and restricted cash, end of the year	$	6,107		$	10,696		$	12,372