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Condensed Consolidated Statements Of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Dec. 31, 2020
Cash flows from operating activities:          
Net income $ 68,343 $ 17,446 $ 206,434 $ 28,635  
Adjustments to reconcile net income to net cash provided by operating activities:          
Depreciation expense 72,839 65,374 208,660 196,056  
Bad debt recovery, net (15) (2,095) (1,225) (326)  
Container recovery from lessee default, net     (4,835) (140)  
Unrealized (gain) loss on financial instruments, net     (4,681) 9,434  
Amortization of unamortized debt issuance costs and accretion of bond discounts (1)     7,153 6,011  
Debt termination expense (1) 11,866 8,628 15,078 8,750  
Amortization of intangible assets 802 645 2,290 1,766  
Gain on sale of owned fleet containers, net     (51,222) (19,410)  
Share-based compensation expense     4,208 3,218  
Changes in operating assets and liabilities     1,757 54,319  
Total adjustments     177,183 259,678  
Net cash provided by operating activities     383,617 288,313  
Cash flows from investing activities:          
Purchase of containers and fixed assets     (1,689,588) (273,171)  
Payments on container leaseback financing receivable   (14,170) (18,705) (24,089)  
Proceeds from sale of containers and fixed assets     112,745 109,144  
Receipt of principal payments on container leaseback financing receivable     21,081 15,788  
Net cash used in investing activities     (1,574,467) (172,328)  
Cash flows from financing activities:          
Proceeds from debt     4,229,756 1,626,759  
Payments on debt     (3,199,942) (1,704,132)  
Payment of debt issuance costs     (21,107) (13,333)  
Proceeds from container leaseback financing liability, net     16,305    
Principal repayments on container leaseback financing liability, net     (3,128) (12,754)  
Issuance of preferred shares, net of underwriting discount     290,550    
Purchase of treasury shares     (45,789) (56,779)  
Issuance of common shares upon exercise of share options     6,789 224  
Dividends paid on preferred shares     (4,433)    
Purchase of noncontrolling interest     (21,500)    
Other     (654)    
Net cash provided by (used in) financing activities     1,246,847 (160,015)  
Effect of exchange rate changes     (108) 3  
Net increase (decrease) in cash, cash equivalents and restricted cash     55,889 (44,027)  
Cash, cash equivalents and restricted cash, beginning of the year     205,165 277,905 $ 277,905
Cash, cash equivalents and restricted cash, end of the period $ 261,054 $ 233,878 261,054 233,878 $ 205,165
Supplemental disclosures of cash flow information:          
Cash paid for interest expense and realized loss and settlement of derivative instruments     115,454 98,351  
Income taxes paid     1,559 29  
Receipt of payments on finance leases, net of income earned     47,490 33,325  
Supplemental disclosures of noncash operating activities:          
Receipt of marketable securities from a lessee     5,789    
Right-of-use asset for leased properties     272 555  
Supplemental disclosures of noncash investing activities:          
Increase in accrued container purchases     51,147 316,503  
Containers placed in finance leases     $ 902,748 $ 355,096