CIT market cap is $5.2 b, and annual revenue was $3.15 b in FY 2020

CIT Net income (Q1, 2021)303.8 M

CIT revenue breakdown by business segment: 23.7% from Commercial Banking, 71.9% from Consumer Banking and 4.4% from Other

CIT revenue breakdown by geographic segment: 95.0% from USA and 5.0% from Other

USD | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|---|---|---|

## Revenue | 2.6b | 3.1b | 3.2b | 3.3b | 3.3b | 3.2b |

| 10% | 18% | 4% | |||

## Cost of goods sold | 890.0m | 947.9m | 832.3m | |||

## Gross profit | 1.7b | 2.1b | 2.4b | |||

| 66% | 69% | 74% | |||

## General and administrative expense | 1.1b | 1.3b | 1.2b | |||

## Operating expense total | 1.5b | 2.1b | 2.2b | |||

## Depreciation and amortization | 229.2m | 261.1m | 296.3m | 311.1m | 308.6m | 327.4m |

## EBIT | 472.1m | 529.4m | (615.3m) | |||

| 14% | 16% | (20%) | |||

## Interest expense | 815.1m | 1.1b | 733.3m | |||

## Pre tax profit | 186.0m | 20.9m | 191.6m | 637.0m | 623.9m | (703.4m) |

## Income tax expense | (538.0m) | 203.5m | (67.8m) | 164.9m | 94.5m | (88.1m) |

## Net Income | 1.0b | (848.0m) | 468.2m | 447.1m | 529.9m | (615.3m) |

- Source: SEC Filings

- Source: SEC Filings

USD | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|---|---|---|

## Cash | 1.0b | 822.1m | 278.5m | |||

## Accounts Receivable | 30.3b | 30.5b | 35.1b | |||

## Inventories | 30.2b | 29.1b | 28.7b | |||

## PP&E | 6.9b | 7.5b | 6.7b | 160.0m | ||

## Goodwill | 1.1b | 685.4m | 369.9m | 369.9m | 369.9m | |

## Total Assets | 67.4b | 64.2b | 49.3b | 48.5b | 50.8b | 58.1b |

## Accounts Payable | 32.8b | 32.3b | 29.6b | 561.5m | 565.4m | 546.4m |

## Long-term debt | 16.4b | 14.9b | 9.0b | 8.1b | 6.5b | 5.8b |

## Total Debt | 16.4b | 14.9b | 9.0b | 8.1b | 6.5b | 5.8b |

## Total Liabilities | 56.4b | 54.2b | 42.0b | 42.6b | 44.5b | 52.4b |

## Common Stock | 2.0m | 2.1m | 2.1m | 1.6m | 1.6m | 1.6m |

## Preferred Stock | 325.0m | 325.0m | ||||

## Additional Paid-in Capital | 8.7b | 8.8b | 8.8b | 6.8b | 6.9b | |

## Retained Earnings | 2.5b | 1.6b | 1.9b | 1.9b | 2.3b | 1.4b |

## Total Equity | 10.9b | 10.0b | 7.3b | 5.9b | 50.8b | 5.7b |

## Debt to Equity Ratio | 1.5 x | 1.5 x | 1.2 x | |||

## Debt to Assets Ratio | 0.2 x | 0.2 x | 0.2 x | |||

## Financial Leverage | 6.2 x | 6.4 x | 6.7 x | 8.2 x | 1 x | 10.2 x |

- Source: SEC Filings

USD | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|

## Cash | 1.0b | 1.0b | 920.5m | 741.7m | 598.9m | 453.4m | 200.9m | 208.6m | ||||||||

## Accounts Receivable | 30.0b | 30.8b | 30.8b | 30.9b | ||||||||||||

## Inventories | 31.0b | 30.1b | 29.5b | 29.2b | 28.6b | 28.1b | 29.0b | 28.9b | ||||||||

## PP&E | 16.7b | 16.9b | 17.0b | 7.5b | 6.7b | 6.7b | 6.8b | 6.8b | ||||||||

## Goodwill | 1.2b | 1.2b | 1.2b | 686.1m | 625.5m | 625.5m | 369.9m | 369.9m | 369.9m | 369.9m | 369.9m | 369.9m | 146.8m | 146.8m | 140.4m | |

## Total Assets | 67.1b | 66.7b | 66.0b | 63.1b | 50.5b | 49.3b | 51.5b | 49.9b | 49.3b | 50.8b | 50.6b | 51.4b | 58.9b | 61.7b | 56.0b | |

## Accounts Payable | 32.9b | 32.9b | 32.9b | 32.3b | 30.9b | 29.6b | 30.6b | 31.2b | ||||||||

## Long-term debt | 18.0b | 17.5b | 16.5b | 14.7b | 8.6b | 8.5b | 10.4b | 8.9b | 8.7b | 6.6b | 6.3b | 6.4b | 8.1b | 7.6b | 7.3b | 4.8b |

## Total Debt | 18.0b | 17.5b | 16.5b | 14.7b | 8.6b | 8.5b | 10.4b | 8.9b | 8.7b | 6.6b | 6.3b | 6.4b | 8.1b | 7.6b | 7.3b | 4.8b |

## Total Liabilities | 56.0b | 55.6b | 54.7b | 52.9b | 43.1b | 41.9b | 44.4b | 43.3b | 42.9b | 44.6b | 45.4b | 53.1b | 56.0b | 50.2b | ||

## Common Stock | 2.1m | 2.1m | 2.1m | 2.1m | 2.1m | 2.1m | 2.1m | 2.1m | 2.1m | 1.6m | 1.6m | 1.6m | 1.6m | 1.6m | 1.6m | 1.6m |

## Preferred Stock | 325.0m | 325.0m | 325.0m | 325.0m | 325.0m | |||||||||||

## Additional Paid-in Capital | 8.7b | 8.7b | 8.8b | 8.8b | 8.7b | 8.8b | 8.8b | 8.8b | 8.8b | 6.8b | 6.8b | 6.8b | 6.9b | 6.9b | 6.9b | 6.9b |

## Retained Earnings | 2.7b | 2.7b | 2.8b | 1.7b | 1.8b | 2.0b | 2.0b | 2.1b | 2.2b | 2.0b | 2.1b | 2.2b | 1.6b | 1.4b | 1.5b | 1.7b |

## Total Equity | 11.1b | 11.1b | 11.2b | 10.2b | 7.4b | 7.5b | 7.1b | 6.5b | 6.3b | 5.9b | 50.6b | 6.0b | 5.9b | 5.7b | 5.8b | |

## Debt to Equity Ratio | 1.6 x | 1.6 x | 1.5 x | 1.4 x | 1.2 x | 1.1 x | 1.5 x | 1.4 x | ||||||||

## Debt to Assets Ratio | 0.3 x | 0.3 x | 0.3 x | 0.2 x | 0.2 x | 0.2 x | 0.2 x | 0.2 x | ||||||||

## Financial Leverage | 6 x | 6 x | 5.9 x | 6.2 x | 6.9 x | 6.6 x | 7.2 x | 7.6 x | 7.8 x | 8.6 x | 1 x | 8.5 x | 10.1 x | 10.8 x | 9.6 x |

- Source: SEC Filings

USD | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|---|---|---|

## Net Income | 1.0b | (848.0m) | 468.2m | 447.1m | 529.9m | (615.3m) |

## Depreciation and Amortization | 783.9m | 700.0m | 392.6m | 311.1m | 308.6m | 327.4m |

## Cash From Operating Activities | 1.2b | 2.4b | 519.8m | 982.5m | 927.2m | 480.4m |

## Cash From Investing Activities | 1.1b | (498.9m) | 7.8b | 43.8m | (1.9b) | 1.2b |

## Long-term Borrowings | (2.8b) | (2.5b) | (9.6b) | (5.4b) | (4.4b) | (3.1b) |

## Dividends Paid | (114.9m) | (123.0m) | (113.7m) | (115.9m) | (146.7m) | (171.5m) |

## Cash From Financing Activities | (873.9m) | (2.9b) | (13.1b) | (942.1m) | 1.9b | (345.7m) |

## Net Change in Cash | 1.3b | (1.1b) | (4.8b) | 69.2m | 1.3b | |

## Interest Paid | (1.1b) | (1.1b) | (915.2m) | |||

## Income Taxes Paid | (9.5m) | 61.2m | (40.5m) | (25.2m) | 41.3m | 66.4m |

- Source: SEC Filings

USD | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|

## Net Income | 146.0m | 163.0m | 293.8m | 179.9m | 336.6m | 556.2m | 97.0m | 223.8m | 355.3m | 118.9m | 256.5m | 399.3m | (624.3m) | (709.6m) | (623.9m) | 303.8m |

## Depreciation and Amortization | 204.0m | 402.1m | 598.1m | 98.8m | 200.4m | 84.2m | 76.4m | 153.6m | 231.6m | 79.4m | 156.2m | 232.2m | 78.3m | 159.4m | 241.9m | 84.7m |

## Cash From Operating Activities | 410.1m | 995.3m | 1.5b | 289.5m | 222.3m | 388.7m | 127.1m | 500.9m | 691.9m | 105.6m | 191.6m | 418.8m | (344.5m) | (127.6m) | 204.5m | 274.1m |

## Cash From Investing Activities | (168.5m) | (257.8m) | (507.9m) | 621.0m | 10.3b | 9.6b | 55.2m | 832.4m | (602.9m) | (2.5b) | (2.1b) | (2.9b) | 1.3b | 1.0b | 3.2b | |

## Long-term Borrowings | (499.5m) | (1.0b) | (2.0b) | (1.1b) | (7.4b) | (7.6b) | (1.6b) | (3.2b) | (4.4b) | (1.6b) | (2.4b) | (3.3b) | (1.4b) | (1.7b) | (1.6b) | |

## Dividends Paid | (30.6m) | (61.5m) | (92.3m) | (30.8m) | (61.7m) | (82.4m) | (21.5m) | (5.6m) | (80.2m) | (25.7m) | (69.5m) | (103.4m) | (38.7m) | (86.1m) | (124.1m) | (37.6m) |

## Cash From Financing Activities | (391.4m) | (901.7m) | (1.9b) | (1.1b) | (11.8b) | (13.5b) | 2.2b | 425.1m | (439.3m) | 1.9b | 1.8b | 2.5b | 1.1b | 4.2b | 2.8b | (2.1b) |

## Net Change in Cash | (152.1m) | (166.5m) | (890.3m) | (147.4m) | (1.2b) | (3.4b) | 2.4b | 1.7b | (358.9m) | (475.4m) | (123.2m) | 1.0b | 5.4b | 1.3b | ||

## Interest Paid | (335.9m) | (579.9m) | (902.9m) | (315.3m) | (561.0m) | (776.1m) | (200.8m) | (376.8m) | ||||||||

## Income Taxes Paid | (200.0k) | (6.4m) | 49.9m | 200.0k | (13.8m) | (38.0m) | (3.2m) | (18.2m) | (20.8m) | 900.0k | (16.8m) | (16.7m) | 1.3m | 1.1m | 72.1m | (400.0k) |

- Source: SEC Filings

USD | FY, 2015 |
---|---|

## Revenue/Employee | 533.2k |

## Debt/Equity | 1.5 x |

## Debt/Assets | 0.2 x |

## Financial Leverage | 6.2 x |

CIT's Total Loans was reported to be $29.3b in Q2, 2018.

FY, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | FY, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | FY, 2016 | Q1, 2017 | Jun, 2017 | Q2, 2017 | Q3, 2017 | Nov, 2017 | FY, 2017 | Q1, 2018 | Q2, 2018 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|

## Total Loans | $18.26 b | $19.07 b | $19.3 b | $32.07 b | $30.52 b | $31 b | $30.57 b | $29.5 b | $29.54 b | $29.69 b | $29.03 b | $28.51 b | $29.11 b | $29.45 b | $29.35 b | ||

## Non-accrual Loans | $160 m | $183.5 m | $198 m | $214.7 m | $252 m | $295 m | $283 m | $288.5 m | $279 m | $258.8 m | $256.8 m | $265 m | $221 m | $237 m | $292 m | ||

## Railcars Leased | 120 k | 128 k | 131 k | 132 k | |||||||||||||

## Operating Lease (Locomotives) | 390 | 390 | 400 | ||||||||||||||

## Bank Branches | 70 | 70 | 70 | 70 | 70 | 70 | 70 | 70 | 70 | ||||||||

## Railcars | 134 k | 117 k | 132 k | 132 k |