CIT GROUP INC: 10-K filed 2020-02-20
What CIT GROUP INC reported in its annual report filed 2020-02-20 (fiscal FY 2019): 39 published measures, 150 facts as tagged in accession 0001564590-20-005589.
This filing
- Form
- 10-K (annual report)
- Filed
- 2020-02-20
- Fiscal period
- fiscal FY 2019
- Accession
- 0001564590-20-005589 on SEC EDGAR
Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All CIT GROUP INC filings.
Reported measures
Total assets
Resources recognized on the balance sheet. Book assets are not the market value of the business.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2019-12-31 | 50,832,800,000 | USD | |
| At 2018-12-31 | 48,537,400,000 | USD | |
| At 2017-12-31 | 49,278,700,000 | USD |
Total liabilities
Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2019-12-31 | 44,493,800,000 | USD | |
| At 2018-12-31 | 42,590,800,000 | USD |
Stockholders equity
The reported residual interest after liabilities. It is an accounting amount, not market capitalization.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2019-12-31 | 6,339,000,000 | USD | |
| At 2018-12-31 | 5,946,600,000 | USD |
Net income or loss
Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2019-10-01 to 2019-12-31 | 130,600,000 | USD | 92 |
| 2019-01-01 to 2019-12-31 | 529,900,000 | USD | 365 |
| 2019-07-01 to 2019-09-30 | 142,800,000 | USD | 92 |
| 2019-04-01 to 2019-06-30 | 137,600,000 | USD | 91 |
| 2019-01-01 to 2019-03-31 | 118,900,000 | USD | 90 |
| 2018-10-01 to 2018-12-31 | 91,800,000 | USD | 92 |
| 2018-01-01 to 2018-12-31 | 447,100,000 | USD | 365 |
| 2018-07-01 to 2018-09-30 | 131,500,000 | USD | 92 |
| 2018-04-01 to 2018-06-30 | 126,800,000 | USD | 91 |
| 2018-01-01 to 2018-03-31 | 97,000,000 | USD | 90 |
| 2017-01-01 to 2017-12-31 | 468,200,000 | USD | 365 |
Operating cash flow
Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2019-01-01 to 2019-12-31 | 927,200,000 | USD | 365 |
| 2018-01-01 to 2018-12-31 | 982,500,000 | USD | 365 |
| 2017-01-01 to 2017-12-31 | 534,200,000 | USD | 365 |
Revenue
Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2019-01-01 to 2019-12-31 | 3,289,700,000 | USD | 365 |
| 2018-01-01 to 2018-12-31 | 3,273,200,000 | USD | 365 |
| 2017-01-01 to 2017-12-31 | 3,207,200,000 | USD | 365 |
Financing cash flow
Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2019-01-01 to 2019-12-31 | 1,908,100,000 | USD | 365 |
| 2018-01-01 to 2018-12-31 | -942,100,000 | USD | 365 |
| 2017-01-01 to 2017-12-31 | -13,083,100,000 | USD | 365 |
Investing cash flow
Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2019-01-01 to 2019-12-31 | -1,947,200,000 | USD | 365 |
| 2018-01-01 to 2018-12-31 | 43,800,000 | USD | 365 |
| 2017-01-01 to 2017-12-31 | 7,064,300,000 | USD | 365 |
Retained earnings or deficit
Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2019-12-31 | 2,307,600,000 | USD | |
| At 2018-12-31 | 1,924,400,000 | USD |
Basic weighted-average shares
Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2019-01-01 to 2019-12-31 | 96,503,000 | shares | 365 |
| 2018-01-01 to 2018-12-31 | 117,653,000 | shares | 365 |
| 2017-01-01 to 2017-12-31 | 162,290,000 | shares | 365 |
Diluted weighted-average shares
Weighted-average shares used for diluted earnings per share. Potential shares are included under the applicable dilution rules, not simply added to outstanding shares.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2019-01-01 to 2019-12-31 | 96,921,000 | shares | 365 |
| 2018-01-01 to 2018-12-31 | 118,777,000 | shares | 365 |
| 2017-01-01 to 2017-12-31 | 163,950,000 | shares | 365 |
Basic earnings per share
Reported earnings or loss per basic common share or unit. Inspect attribution, share classes and restatements before comparing periods. This is not a market return.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2019-01-01 to 2019-12-31 | 5.3 | USD/shares | 365 |
| 2018-01-01 to 2018-12-31 | 3.64 | USD/shares | 365 |
| 2017-01-01 to 2017-12-31 | 2.82 | USD/shares | 365 |
Diluted earnings per share
Reported earnings or loss per share under dilution rules. Antidilutive instruments may be excluded. A diluted value can equal the basic value without implying no potential dilution.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2019-10-01 to 2019-12-31 | 1.27 | USD/shares | 92 |
| 2019-01-01 to 2019-12-31 | 5.27 | USD/shares | 365 |
| 2019-07-01 to 2019-09-30 | 1.5 | USD/shares | 92 |
| 2019-04-01 to 2019-06-30 | 1.33 | USD/shares | 91 |
| 2019-01-01 to 2019-03-31 | 1.18 | USD/shares | 90 |
| 2018-10-01 to 2018-12-31 | 0.78 | USD/shares | 92 |
| 2018-01-01 to 2018-12-31 | 3.61 | USD/shares | 365 |
| 2018-07-01 to 2018-09-30 | 1.15 | USD/shares | 92 |
| 2018-04-01 to 2018-06-30 | 0.94 | USD/shares | 91 |
| 2018-01-01 to 2018-03-31 | 0.74 | USD/shares | 90 |
| 2017-01-01 to 2017-12-31 | 2.8 | USD/shares | 365 |
Income tax expense or benefit
Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2019-10-01 to 2019-12-31 | 49,300,000 | USD | 92 |
| 2019-01-01 to 2019-12-31 | 94,500,000 | USD | 365 |
| 2019-07-01 to 2019-09-30 | -26,000,000 | USD | 92 |
| 2019-04-01 to 2019-06-30 | 33,400,000 | USD | 91 |
| 2019-01-01 to 2019-03-31 | 37,800,000 | USD | 90 |
| 2018-10-01 to 2018-12-31 | 24,900,000 | USD | 92 |
| 2018-01-01 to 2018-12-31 | 164,900,000 | USD | 365 |
| 2018-07-01 to 2018-09-30 | 41,300,000 | USD | 92 |
| 2018-04-01 to 2018-06-30 | 57,400,000 | USD | 91 |
| 2018-01-01 to 2018-03-31 | 41,300,000 | USD | 90 |
| 2017-01-01 to 2017-12-31 | -67,800,000 | USD | 365 |
Net property, plant and equipment
Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2019-12-31 | 160,000,000 | USD | |
| At 2018-12-31 | 160,000,000 | USD |
Share-based compensation expense
Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2019-01-01 to 2019-12-31 | 44,800,000 | USD | 365 |
| 2018-01-01 to 2018-12-31 | 38,900,000 | USD | 365 |
| 2017-01-01 to 2017-12-31 | 45,100,000 | USD | 365 |
Interest expense
Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2019-10-01 to 2019-12-31 | 229,800,000 | USD | 92 |
| 2019-01-01 to 2019-12-31 | 952,000,000 | USD | 365 |
| 2019-07-01 to 2019-09-30 | 243,900,000 | USD | 92 |
| 2019-04-01 to 2019-06-30 | 242,700,000 | USD | 91 |
| 2019-01-01 to 2019-03-31 | 235,600,000 | USD | 90 |
| 2018-10-01 to 2018-12-31 | 215,500,000 | USD | 92 |
| 2018-01-01 to 2018-12-31 | 815,100,000 | USD | 365 |
| 2018-07-01 to 2018-09-30 | 213,900,000 | USD | 92 |
| 2018-04-01 to 2018-06-30 | 205,200,000 | USD | 91 |
| 2018-01-01 to 2018-03-31 | 180,500,000 | USD | 90 |
| 2017-01-01 to 2017-12-31 | 717,700,000 | USD | 365 |
Goodwill carrying amount
Recognized goodwill remaining after accumulated impairment. It arises from business combinations and does not measure the current value of the company’s brand.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2019-12-31 | 369,900,000 | USD | |
| At 2018-12-31 | 369,900,000 | USD |
Net finite-lived intangible assets
Finite-lived intangible assets after amortization. This excludes goodwill and should not be combined with indefinite-lived intangible assets without checking scope.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2019-12-31 | 66,000,000 | USD | |
| At 2018-12-31 | 89,200,000 | USD | |
| At 2017-12-31 | 113,000,000 | USD |
Common-stock repurchase payments
Cash paid to reacquire common stock during the period. This is not an authorization limit or a direct measure of the net change in share count.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2019-01-01 to 2019-12-31 | 340,900,000 | USD | 365 |
| 2018-01-01 to 2018-12-31 | 1,626,700,000 | USD | 365 |
| 2017-01-01 to 2017-12-31 | 3,431,900,000 | USD | 365 |
Operating expenses
Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2019-10-01 to 2019-12-31 | 258,500,000 | USD | 92 |
| 2019-01-01 to 2019-12-31 | 1,113,200,000 | USD | 365 |
| 2019-07-01 to 2019-09-30 | 310,800,000 | USD | 92 |
| 2019-04-01 to 2019-06-30 | 267,800,000 | USD | 91 |
| 2019-01-01 to 2019-03-31 | 276,100,000 | USD | 90 |
| 2018-10-01 to 2018-12-31 | 257,900,000 | USD | 92 |
| 2018-01-01 to 2018-12-31 | 1,070,000,000 | USD | 365 |
| 2018-07-01 to 2018-09-30 | 263,300,000 | USD | 92 |
| 2018-04-01 to 2018-06-30 | 267,500,000 | USD | 91 |
| 2018-01-01 to 2018-03-31 | 281,300,000 | USD | 90 |
| 2017-01-01 to 2017-12-31 | 1,188,500,000 | USD | 365 |
Common shares outstanding
Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2019-12-31 | 94,742,564 | shares | |
| At 2018-12-31 | 100,919,707 | shares |
Additional paid-in capital
Capital contributed above par value under this concept. It records historical contributions, not the current value of the equity or cash on hand.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2019-12-31 | 6,853,700,000 | USD | |
| At 2018-12-31 | 6,810,800,000 | USD |
Accumulated other comprehensive income or loss
Cumulative other comprehensive items after tax, such as translation and unrealized hedging or securities effects. These amounts have not passed through net income.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2019-12-31 | -52,100,000 | USD | |
| At 2018-12-31 | -178,300,000 | USD |
Total equity including noncontrolling interests
Equity including the portion attributable to noncontrolling interests. It is larger than or equal to parent stockholders equity and is not market capitalization.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2019-12-31 | 6,339,000,000 | USD | |
| At 2018-12-31 | 5,946,600,000 | USD | |
| At 2017-12-31 | 7,320,000,000 | USD | |
| At 2016-12-31 | 10,003,100,000 | USD |
Operating lease right-of-use asset
Carrying amount of the right to use leased assets under operating leases. It reflects discounted remaining payments, not the value of the underlying property.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2019-12-31 | 194,900,000 | USD | |
| At 2019-01-01 | 210,000,000 | USD |
Operating lease liability
Present value of remaining operating lease payments. Discount-rate choices and lease terms affect the amount; it is not the sum of undiscounted future rent.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2019-12-31 | 242,600,000 | USD | |
| At 2019-01-01 | 260,000,000 | USD |
Long-term debt
Long-term borrowings under this concept, which can include the current portion depending on presentation. It is not total liabilities and may exclude leases and other obligations.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2019-12-31 | 6,473,400,000 | USD | |
| At 2018-12-31 | 8,118,800,000 | USD |
Accumulated depreciation on property, plant and equipment
Cumulative depreciation, depletion and amortization recorded against property, plant and equipment. It measures cost allocation to date, not physical wear or market value.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2019-12-31 | 1,400,000,000 | USD | |
| At 2018-12-31 | 1,200,000,000 | USD |
Net intangible assets excluding goodwill
Intangible assets other than goodwill after amortization and impairment. Internally developed intangibles are usually not recognized, so this understates what a company relies on.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2019-12-31 | 66,000,000 | USD | |
| At 2018-12-31 | 89,200,000 | USD |
Pre-tax income or loss from continuing operations
Income or loss from continuing operations before income taxes and noncontrolling interests. It excludes discontinued operations and is not net income.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2019-01-01 to 2019-12-31 | 623,900,000 | USD | 365 |
| 2018-01-01 to 2018-12-31 | 637,000,000 | USD | 365 |
| 2017-01-01 to 2017-12-31 | 191,600,000 | USD | 365 |
Comprehensive income or loss
Net income plus other comprehensive income after tax. It includes unrealized items that net income excludes and is not a cash measure.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2019-01-01 to 2019-12-31 | 656,100,000 | USD | 365 |
| 2018-01-01 to 2018-12-31 | 355,800,000 | USD | 365 |
| 2017-01-01 to 2017-12-31 | 521,800,000 | USD | 365 |
Net income available to common stockholders
Net income after preferred dividends and similar adjustments, the numerator for basic earnings per share. It can be lower than reported net income.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2019-10-01 to 2019-12-31 | 121,100,000 | USD | 92 |
| 2019-01-01 to 2019-12-31 | 511,000,000 | USD | 365 |
| 2019-07-01 to 2019-09-30 | 142,800,000 | USD | 92 |
| 2019-04-01 to 2019-06-30 | 128,200,000 | USD | 91 |
| 2019-01-01 to 2019-03-31 | 118,900,000 | USD | 90 |
| 2018-10-01 to 2018-12-31 | 82,300,000 | USD | 92 |
| 2018-01-01 to 2018-12-31 | 428,200,000 | USD | 365 |
| 2018-07-01 to 2018-09-30 | 131,500,000 | USD | 92 |
| 2018-04-01 to 2018-06-30 | 117,400,000 | USD | 91 |
| 2018-01-01 to 2018-03-31 | 97,000,000 | USD | 90 |
| 2017-01-01 to 2017-12-31 | 458,400,000 | USD | 365 |
Depreciation expense
Depreciation recognized for the period under this concept. It is a noncash allocation of asset cost and may exclude amortization and depletion reported elsewhere.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2019-01-01 to 2019-12-31 | 308,600,000 | USD | 365 |
| 2018-01-01 to 2018-12-31 | 311,100,000 | USD | 365 |
| 2017-01-01 to 2017-12-31 | 296,300,000 | USD | 365 |
Amortization of intangible assets
Amortization recognized on finite-lived intangible assets. It follows acquisition accounting and does not indicate the intangibles are losing usefulness at that rate.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2019-01-01 to 2019-12-31 | 23,200,000 | USD | 365 |
| 2018-01-01 to 2018-12-31 | 23,800,000 | USD | 365 |
Deferred income tax expense or benefit
The deferred portion of income tax expense or benefit, arising from timing differences. It is not tax paid in the period.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2019-01-01 to 2019-12-31 | 115,100,000 | USD | 365 |
| 2018-01-01 to 2018-12-31 | 118,300,000 | USD | 365 |
| 2017-01-01 to 2017-12-31 | -39,700,000 | USD | 365 |
Interest paid, net
Cash interest paid during the period, net of amounts capitalized where the filer reports it that way. It differs from interest expense recognized.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2019-01-01 to 2019-12-31 | 946,000,000 | USD | 365 |
| 2018-01-01 to 2018-12-31 | 809,800,000 | USD | 365 |
| 2017-01-01 to 2017-12-31 | 915,200,000 | USD | 365 |
Income taxes paid, net
Cash income taxes paid net of refunds during the period. It differs from income tax expense and can reflect prior years and estimated payments.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2019-01-01 to 2019-12-31 | 41,300,000 | USD | 365 |
| 2018-01-01 to 2018-12-31 | -25,200,000 | USD | 365 |
| 2017-01-01 to 2017-12-31 | -40,500,000 | USD | 365 |
Operating lease payments
Cash paid for operating lease liabilities during the period. It differs from lease expense recognized and excludes variable payments in some presentations.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2019-01-01 to 2019-12-31 | 45,800,000 | USD | 365 |
Inspect the source
- Entity
- CIT GROUP INC / CIK 0001171825
- Captured
- SEC response SHA-256
cb16a4f77a441ed68a775915c8b0bfbb0930e9c215aa22fb538201368b73650c
Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON
Every published concept a filing tagged, with the periods it covered, as reported in that filing at capture time. Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 20-F, 20-F/A, 40-F, 40-F/A. A filing page needs at least 8 published concepts. Later filings can restate these values; the company history pages show the latest-filed value per period.
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Use this in research
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Read the published dataset with Python
import json
from urllib.request import urlopen
with urlopen("https://canlicapital.com/company-data/0001171825.json") as response:
record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
print(concept["tag"], next(iter(concept["observations"])))