$5.5 B

CIT Mkt cap, 15-Oct-2018

$1.1 B

CIT Revenue Q2, 2018
CIT Net income (Q2, 2018)126.8 M
CIT Cash, 30-Jun-2018208.6 M
CIT EV14.2 B

CIT Revenue Breakdown

Embed Graph

CIT revenue breakdown by business segment: 71.9% from Consumer Banking, 23.7% from Commercial 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, 2017

Revenue

2.6b3.1b3.2b

Revenue growth, %

10%18%4%

Pre tax profit

186.0m20.9m191.6m

Income tax expense

(538.0m)203.5m(67.8m)

Net Income

1.0b(848.0m)468.2m

Quarterly

CIT Balance Sheet

Annual

USDFY, 2015FY, 2016FY, 2017

Cash

1.0b822.1m278.5m

Goodwill

1.1b685.4m369.9m

Total Assets

67.4b64.2b49.3b

Long-term debt

16.4b14.9b9.0b

Total Debt

16.4b14.9b9.0b

Total Liabilities

56.4b54.2b42.0b

Common Stock

2.0m2.1m2.1m

Preferred Stock

325.0m

Additional Paid-in Capital

8.7b8.8b8.8b

Retained Earnings

2.5b1.6b1.9b

Total Equity

10.9b10.0b7.3b

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 x

Quarterly

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

Cash

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

Goodwill

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

Total Assets

67.1b66.7b66.0b63.1b50.5b49.3b51.5b49.9b

Long-term debt

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

Total Debt

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

Total Liabilities

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

Common Stock

2.1m2.1m2.1m2.1m2.1m2.1m2.1m2.1m

Preferred Stock

325.0m325.0m

Additional Paid-in Capital

8.7b8.7b8.8b8.8b8.7b8.8b8.8b8.8b

Retained Earnings

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

Total Equity

11.1b11.1b11.2b10.2b7.4b7.5b7.1b6.5b

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 x

CIT Cash Flow

Annual

USDFY, 2015FY, 2016FY, 2017

Net Income

1.0b(848.0m)468.2m

Depreciation and Amortization

783.9m700.0m392.6m

Cash From Operating Activities

1.2b2.4b519.8m

Cash From Investing Activities

1.1b(498.9m)7.8b

Long-term Borrowings

(2.8b)(2.5b)(9.6b)

Dividends Paid

(114.9m)(123.0m)(113.7m)

Cash From Financing Activities

(873.9m)(2.9b)(13.1b)

Net Change in Cash

1.3b(1.1b)(4.8b)

Interest Paid

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

Income Taxes Paid

(9.5m)61.2m(40.5m)

Quarterly

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

Net Income

146.0m163.0m293.8m179.9m336.6m556.2m97.0m223.8m

Depreciation and Amortization

204.0m402.1m598.1m98.8m200.4m84.2m76.4m153.6m

Cash From Operating Activities

410.1m995.3m1.5b289.5m222.3m388.7m127.1m500.9m

Cash From Investing Activities

(168.5m)(257.8m)(507.9m)621.0m10.3b9.6b55.2m832.4m

Long-term Borrowings

(499.5m)(1.0b)(2.0b)(1.1b)(7.4b)(7.6b)(1.6b)

Dividends Paid

(30.6m)(61.5m)(92.3m)(30.8m)(61.7m)(82.4m)(21.5m)

Cash From Financing Activities

(391.4m)(901.7m)(1.9b)(1.1b)(11.8b)(13.5b)2.2b425.1m

Net Change in Cash

(152.1m)(166.5m)(890.3m)(147.4m)(1.2b)(3.4b)2.4b1.7b

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)

CIT Ratios

USDY, 2018

EV/CFO

28.3 x

Debt/Equity

1.4 x

Debt/Assets

0.2 x

Financial Leverage

7.6 x
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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

Operating Lease (Railcars)

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 132 k132 k
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