CIT Group Net income (Q2, 2018)126.8 M

CIT Group Cash, 30-Jun-2018208.6 M

CIT Group EV14.8 B

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

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

USD | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 |
---|---|---|---|---|---|---|---|---|

## Revenue | 831.8 m | 839.5 m | 1.1 b | 786.1 m | 814 m | 769.6 m | 809.5 m | 1.1 b |

## Pre tax profit | 105.4 m | 199.2 m | 225.4 m | 134.4 m | 9.3 m | 103 m | 14.5 m | 204.7 m |

## Income tax expense | 44.4 m | 111.2 m | 77 m | 56.2 m | (31.9 m) | (119.8 m) | 41.3 m | 57.4 m |

## Net Income | 146 m | 17 m | 132.8 m | 179.9 m | 156.7 m | 219.6 m | 97 m | 126.8 m |

- Source: SEC Filings

USD | FY, 2015 | FY, 2016 | FY, 2017 |
---|---|---|---|

## Cash | 1 b | 822.1 m | 278.5 m |

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

## Total Assets | 67.4 b | 64.2 b | 49.3 b |

## Long-term debt | 16.4 b | 14.9 b | 9 b |

## Total Debt | 16.4 b | 14.9 b | 9 b |

## Total Liabilities | 56.4 b | 54.2 b | 42 b |

## Common Stock | 2 m | 2.1 m | 2.1 m |

## Preferred Stock | 325 m | ||

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

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

## Total Equity | 10.9 b | 10 b | 7.3 b |

## 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 |

USD | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 |
---|---|---|---|---|---|---|---|---|

## Cash | 1 b | 1 b | 920.5 m | 741.7 m | 598.9 m | 453.4 m | 200.9 m | 208.6 m |

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

## Total Assets | 67.1 b | 66.7 b | 66 b | 63.1 b | 50.5 b | 49.3 b | 51.5 b | 49.9 b |

## Long-term debt | 18 b | 17.5 b | 16.5 b | 14.7 b | 8.6 b | 8.5 b | 10.4 b | 8.9 b |

## Total Debt | 18 b | 17.5 b | 16.5 b | 14.7 b | 8.6 b | 8.5 b | 10.4 b | 8.9 b |

## Total Liabilities | 56 b | 55.6 b | 54.7 b | 52.9 b | 43.1 b | 41.9 b | 44.4 b | 43.3 b |

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

## Preferred Stock | 325 m | 325 m | ||||||

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

## Retained Earnings | 2.7 b | 2.7 b | 2.8 b | 1.7 b | 1.8 b | 2 b | 2 b | 2.1 b |

## Total Equity | 11.1 b | 11.1 b | 11.2 b | 10.2 b | 7.4 b | 7.5 b | 7.1 b | 6.5 b |

## 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 |

USD | FY, 2015 | FY, 2016 | FY, 2017 |
---|---|---|---|

## Net Income | 1 b | (848 m) | 468.2 m |

## Depreciation and Amortization | 783.9 m | 700 m | 392.6 m |

## Cash From Operating Activities | 1.2 b | 2.4 b | 519.8 m |

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

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

## Dividends Paid | (114.9 m) | (123 m) | (113.7 m) |

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

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

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

## Income Taxes Paid | (9.5 m) | 61.2 m | (40.5 m) |

USD | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 |
---|---|---|---|---|---|---|---|---|

## Net Income | 146 m | 163 m | 293.8 m | 179.9 m | 336.6 m | 556.2 m | 97 m | 223.8 m |

## Depreciation and Amortization | 204 m | 402.1 m | 598.1 m | 98.8 m | 200.4 m | 84.2 m | 76.4 m | 153.6 m |

## Cash From Operating Activities | 410.1 m | 995.3 m | 1.5 b | 289.5 m | 222.3 m | 388.7 m | 127.1 m | 500.9 m |

## Cash From Investing Activities | (168.5 m) | (257.8 m) | (507.9 m) | 621 m | 10.3 b | 9.6 b | 55.2 m | 832.4 m |

## Long-term Borrowings | (499.5 m) | (1 b) | (2 b) | (1.1 b) | (7.4 b) | (7.6 b) | (1.6 b) | |

## Dividends Paid | (30.6 m) | (61.5 m) | (92.3 m) | (30.8 m) | (61.7 m) | (82.4 m) | (21.5 m) | |

## Cash From Financing Activities | (391.4 m) | (901.7 m) | (1.9 b) | (1.1 b) | (11.8 b) | (13.5 b) | 2.2 b | 425.1 m |

## Net Change in Cash | (152.1 m) | (166.5 m) | (890.3 m) | (147.4 m) | (1.2 b) | (3.4 b) | 2.4 b | 1.7 b |

## Interest Paid | (335.9 m) | (579.9 m) | (902.9 m) | (315.3 m) | (561 m) | (776.1 m) | (200.8 m) | (376.8 m) |

## Income Taxes Paid | (200 k) | (6.4 m) | 49.9 m | 200 k | (13.8 m) | (38 m) | (3.2 m) | (18.2 m) |

USD | Y, 2018 |
---|---|

## EV/CFO | 29.5 x |

## Debt/Equity | 1.4 x |

## Debt/Assets | 0.2 x |

## Financial Leverage | 7.6 x |

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CIT Group'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 | $19.30 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 | ||

## Operating Lease (Railcars) | 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 | 132 k | 132 k |

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