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Managed Container Fleet (Tables)
12 Months Ended
Dec. 31, 2021
Revenue From Contract With Customer [Abstract]  
Schedule of Company's Leasing Equipment

The Company’s container leasing equipment includes such managed containers in the consolidated balance sheets as of December 31, 2021 and 2020, which consisted of the following:

 

 

 

2021

 

 

2020

 

 

 

Cost

 

 

Accumulated

Depreciation

 

 

Net Book

Value

 

 

Cost

 

 

Accumulated

Depreciation

 

 

Net Book

Value

 

Containers - owned fleet

 

$

6,566,785

 

 

$

(1,850,721

)

 

$

4,716,064

 

 

$

5,740,717

 

 

$

(1,619,304

)

 

$

4,121,413

 

Containers - managed fleet

 

 

16,757

 

 

 

(943

)

 

 

15,814

 

 

 

3,926

 

 

 

(287

)

 

 

3,639

 

Total containers

 

$

6,583,542

 

 

$

(1,851,664

)

 

$

4,731,878

 

 

$

5,744,643

 

 

$

(1,619,591

)

 

$

4,125,052

 

 

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

Total management fee income from the managed fleet, including management fees earned from acquisition fees and sales commissions during 2021, 2020 and 2019 were as follows (also, see Note 4 “Transactions with Affiliates and Container Investors”):

 

 

 

2021

 

 

2020

 

 

2019

 

Lease rental income - managed fleet

 

$

56,037

 

 

$

62,448

 

 

$

101,901

 

Less: distribution expense to managed fleet container investors

 

 

(50,360

)

 

 

(57,311

)

 

 

(93,858

)

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

 

 

(1,348

)

 

 

(730

)

 

 

(394

)

Management fees from leasing

 

 

4,329

 

 

 

4,407

 

 

 

7,649

 

Management fees from non-leasing services

 

 

3,360

 

 

 

5,271

 

 

 

7,590

 

Total management fees

 

$

7,689

 

 

$

9,678

 

 

$

15,239

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 December 31, 2021 and 2020 in the consolidated balance sheets

 

 

2021

 

 

2020

 

Accounts receivable, net - owned fleet

 

$

118,107

 

 

$

97,950

 

Accounts receivable, net - managed fleet

 

 

7,639

 

 

 

10,628

 

Total accounts receivable, net

 

$

125,746

 

 

$

108,578

 

 

 

 

 

 

 

 

 

 

Prepaid expenses and other current assets - owned fleet

 

$

14,142

 

 

$

13,614

 

Prepaid expenses and other current assets - managed fleet

 

 

42

 

 

 

99

 

Total prepaid expenses and other current assets

 

$

14,184

 

 

$

13,713

 

 

 

 

 

 

 

 

 

 

Accounts payable and accrued expenses - owned fleet

 

$

21,736

 

 

$

23,198

 

Accounts payable and accrued expenses - managed fleet

 

 

375

 

 

 

1,187

 

Total accounts payable and accrued expenses

 

$

22,111

 

 

$

24,385

 

 

 

 

 

 

 

 

 

 

Container contracts payable - owned fleet

 

$

140,968

 

 

$

231,647

 

Total container contracts payable

 

$

140,968

 

 

$

231,647