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Managed Container Fleet (Tables)
3 Months Ended
Mar. 31, 2023
Revenue From Contract With Customer [Abstract]  
Schedule of Company's Leasing Equipment

The Company’s container leasing equipment includes such managed containers in the condensed consolidated balance sheets as of March 31, 2023 and December 31, 2022, which consisted of the following:

 

 

 

March 31, 2023

 

 

December 31, 2022

 

 

Cost

 

 

Accumulated
Depreciation

 

 

Net Book
Value

 

 

Cost

 

 

Accumulated
Depreciation

 

 

Net Book
Value

 

Containers - owned fleet

 

$

6,302,713

 

 

$

(2,060,508

)

 

$

4,242,205

 

 

$

6,378,374

 

 

$

(2,027,743

)

 

$

4,350,631

 

Containers - managed fleet

 

 

16,417

 

 

 

(2,166

)

 

 

14,251

 

 

 

16,417

 

 

 

(1,924

)

 

 

14,493

 

Total containers

 

$

6,319,130

 

 

$

(2,062,674

)

 

$

4,256,456

 

 

$

6,394,791

 

 

$

(2,029,667

)

 

$

4,365,124

 

Summary of Income from Managed Fleet, Including Management Fees Earned from Acquisition Fees and Sales Commissions

Income from the managed fleet, including management fees earned from acquisition fees and sales commissions during the three months ended March 31, 2023 and 2022 were as follows:

 

 

 

Three Months Ended March 31,

 

 

 

2023

 

 

2022

 

Lease rental income - managed fleet

 

$

11,110

 

 

$

12,641

 

Less: distribution expense to managed fleet container
    investors

 

 

(9,925

)

 

 

(11,173

)

Less: depreciation and interest expense on managed
    containers purchased on or after January 1, 2019

 

 

(443

)

 

 

(453

)

 

 

 

742

 

 

 

1,015

 

Management fees from non-leasing services

 

 

744

 

 

 

532

 

     Total

 

$

1,486

 

 

$

1,547

 

 

Summary of Reconciliation of Balance Sheet Accounts From the Managed Fleet to Total Amount in Condensed Consolidated Balance Sheets

The following table provides a reconciliation of the balance sheet accounts from the managed fleet to the total amount as of March 31, 2023 and December 31, 2022 in the condensed consolidated balance sheets (also, see Note 4 “Transactions with Affiliates and Container Investors”):

 

 

 

March 31, 2023

 

 

December 31, 2022

 

Accounts receivable, net - owned fleet

 

$

109,259

 

 

$

107,457

 

Accounts receivable, net - managed fleet

 

 

7,701

 

 

 

7,348

 

Total accounts receivable, net

 

$

116,960

 

 

$

114,805

 

 

 

 

 

 

 

 

Prepaid expenses and other current assets - owned fleet

 

$

17,936

 

 

$

16,614

 

Prepaid expenses and other current assets - managed fleet

 

 

92

 

 

 

89

 

Total prepaid expenses and other current assets

 

$

18,028

 

 

$

16,703

 

 

 

 

 

 

 

 

Accounts payable and accrued expenses - owned fleet

 

$

19,057

 

 

$

22,868

 

Accounts payable and accrued expenses - managed fleet

 

 

1,178

 

 

 

1,292

 

Total accounts payable and accrued expenses

 

$

20,235

 

 

$

24,160

 

 

 

 

 

 

 

 

Container contracts payable - owned fleet

 

$

1,817

 

 

$

6,648

 

Total container contracts payable

 

$

1,817

 

 

$

6,648