CIT (CIT) stock price, revenue, and financials

CIT market cap is $2 b, and annual revenue was $3.29 b in FY 2019

$2 B

CIT Mkt cap, 06-Jul-2020

$114.4 M

CIT Revenue Q1, 2020
CIT Net income (Q1, 2020)-624.3 M
CIT EBIT (Q1, 2020)-624.3 M

CIT Revenue Breakdown

Embed Graph

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

CIT Income Statement

Annual

USDFY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

2.6b3.1b3.2b3.3b3.3b

Revenue growth, %

10%18%4%

Cost of goods sold

890.0m947.9m832.3m

Gross profit

1.7b2.1b2.4b

Gross profit Margin, %

66%69%74%

General and administrative expense

1.1b1.3b1.2b

Operating expense total

1.5b2.1b2.2b

Depreciation and amortization

229.2m261.1m296.3m311.1m308.6m

EBIT

472.1m529.4m

EBIT margin, %

14%16%

Interest expense

815.1m1.1b

Pre tax profit

186.0m20.9m191.6m637.0m623.9m

Income tax expense

(538.0m)203.5m(67.8m)164.9m94.5m

Net Income

1.0b(848.0m)468.2m447.1m529.9m

CIT Balance Sheet

Annual

USDFY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

1.0b822.1m278.5m

Accounts Receivable

30.3b30.5b

Inventories

30.2b29.1b28.7b

PP&E

6.9b7.5b6.7b160.0m

Goodwill

1.1b685.4m369.9m369.9m369.9m

Total Assets

67.4b64.2b49.3b48.5b50.8b

Accounts Payable

32.8b32.3b29.6b561.5m565.4m

Long-term debt

16.4b14.9b9.0b8.1b6.5b

Total Debt

16.4b14.9b9.0b8.1b6.5b

Total Liabilities

56.4b54.2b42.0b42.6b44.5b

Common Stock

2.0m2.1m2.1m1.6m1.6m

Preferred Stock

325.0m325.0m

Additional Paid-in Capital

8.7b8.8b8.8b6.8b6.9b

Retained Earnings

2.5b1.6b1.9b1.9b2.3b

Total Equity

10.9b10.0b7.3b5.9b50.8b

Debt to Equity Ratio

1.5 x1.5 x1.2 x

Debt to Assets Ratio

0.2 x0.2 x0.2 x

Financial Leverage

6.2 x6.4 x6.7 x8.2 x1 x

Quarterly

USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Cash

1.0b1.0b920.5m741.7m598.9m453.4m200.9m208.6m

Accounts Receivable

30.0b30.8b30.8b30.9b

Inventories

31.0b30.1b29.5b29.2b28.6b28.1b29.0b28.9b

PP&E

16.7b16.9b17.0b7.5b6.7b6.7b6.8b6.8b

Goodwill

1.2b1.2b1.2b686.1m625.5m625.5m369.9m369.9m369.9m369.9m369.9m369.9m146.8m

Total Assets

67.1b66.7b66.0b63.1b50.5b49.3b51.5b49.9b49.3b50.8b50.6b51.4b58.9b

Accounts Payable

32.9b32.9b32.9b32.3b30.9b29.6b30.6b31.2b

Long-term debt

18.0b17.5b16.5b14.7b8.6b8.5b10.4b8.9b8.7b6.6b6.3b6.4b8.1b

Total Debt

18.0b17.5b16.5b14.7b8.6b8.5b10.4b8.9b8.7b6.6b6.3b6.4b8.1b

Total Liabilities

56.0b55.6b54.7b52.9b43.1b41.9b44.4b43.3b42.9b44.6b45.4b53.1b

Common Stock

2.1m2.1m2.1m2.1m2.1m2.1m2.1m2.1m2.1m1.6m1.6m1.6m1.6m

Preferred Stock

325.0m325.0m325.0m325.0m325.0m

Additional Paid-in Capital

8.7b8.7b8.8b8.8b8.7b8.8b8.8b8.8b8.8b6.8b6.8b6.8b6.9b

Retained Earnings

2.7b2.7b2.8b1.7b1.8b2.0b2.0b2.1b2.2b2.0b2.1b2.2b1.6b

Total Equity

11.1b11.1b11.2b10.2b7.4b7.5b7.1b6.5b6.3b5.9b50.6b6.0b5.9b

Debt to Equity Ratio

1.6 x1.6 x1.5 x1.4 x1.2 x1.1 x1.5 x1.4 x

Debt to Assets Ratio

0.3 x0.3 x0.3 x0.2 x0.2 x0.2 x0.2 x0.2 x

Financial Leverage

6 x6 x5.9 x6.2 x6.9 x6.6 x7.2 x7.6 x7.8 x8.6 x1 x8.5 x10.1 x

CIT Cash Flow

Annual

USDFY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

1.0b(848.0m)468.2m447.1m529.9m

Depreciation and Amortization

783.9m700.0m392.6m311.1m308.6m

Cash From Operating Activities

1.2b2.4b519.8m982.5m927.2m

Cash From Investing Activities

1.1b(498.9m)7.8b43.8m(1.9b)

Long-term Borrowings

(2.8b)(2.5b)(9.6b)(5.4b)(4.4b)

Dividends Paid

(114.9m)(123.0m)(113.7m)(115.9m)(146.7m)

Cash From Financing Activities

(873.9m)(2.9b)(13.1b)(942.1m)1.9b

Net Change in Cash

1.3b(1.1b)(4.8b)69.2m

Interest Paid

(1.1b)(1.1b)(915.2m)

Income Taxes Paid

(9.5m)61.2m(40.5m)(25.2m)41.3m

Quarterly

USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Net Income

146.0m163.0m293.8m179.9m336.6m556.2m97.0m223.8m355.3m118.9m256.5m399.3m(624.3m)

Depreciation and Amortization

204.0m402.1m598.1m98.8m200.4m84.2m76.4m153.6m231.6m79.4m156.2m232.2m78.3m

Cash From Operating Activities

410.1m995.3m1.5b289.5m222.3m388.7m127.1m500.9m691.9m105.6m191.6m418.8m(344.5m)

Cash From Investing Activities

(168.5m)(257.8m)(507.9m)621.0m10.3b9.6b55.2m832.4m(602.9m)(2.5b)(2.1b)(2.9b)

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)

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)

Cash From Financing Activities

(391.4m)(901.7m)(1.9b)(1.1b)(11.8b)(13.5b)2.2b425.1m(439.3m)1.9b1.8b2.5b1.1b

Net Change in Cash

(152.1m)(166.5m)(890.3m)(147.4m)(1.2b)(3.4b)2.4b1.7b(358.9m)(475.4m)(123.2m)1.0b

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)49.9m200.0k(13.8m)(38.0m)(3.2m)(18.2m)(20.8m)900.0k(16.8m)(16.7m)1.3m

CIT Ratios

USDFY, 2015

Revenue/Employee

533.2k

Debt/Equity

1.5 x

Debt/Assets

0.2 x

Financial Leverage

6.2 x

CIT Operating Metrics

CIT's Total Loans was reported to be $29.3b in Q2, 2018.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Jun, 2017Q2, 2017Q3, 2017Nov, 2017FY, 2017Q1, 2018Q2, 2018

Total Loans

$18.26 b$19.07 b$19.30 b$32.07 b$30.52 b$31 b$30.57 b$29.50 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$183.50 m$198 m$214.70 m$252 m$295 m$283 m$288.50 m$279 m$258.80 m$256.80 m$265 m$221 m$237 m$292 m

Railcars Leased

120 k128 k131 k132 k

Operating Lease (Locomotives)

390 390 400

Bank Branches

70 70 70 70 70 70 70 70 70

Railcars

134 k117 k132 k132 k

CIT Employee Rating

3.1545 votes
Culture & Values
3
Work/Life Balance
3.4
Senior Management
3
Salary & Benefits
3.2
Career Opportunities
3
Source