TEXTAINER GROUP HOLDINGS LTD Cashflow Statement

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated Statements Of Cash Flows

In millions of USD, except per-share amounts

	FY2022 12 months to Dec 31, 2022	FY2021 12 months to Dec 31, 2021	FY2020 12 months to Dec 31, 2020	FY2019 12 months to Dec 31, 2019	FY2018 12 months to Dec 31, 2018
Cash flows from operating activities:
Net income
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation expense
Container impairment
Depreciation and amortization
Bad debt expense (recovery), net
Container write-off (recovery) from lessee default, net
Unrealized loss on derivative instruments, net
Amortization and write-off of unamortized deferred debt issuance costs and accretion of bond discounts
Unrealized loss (gain) on financial instruments, net
Amortization of unamortized debt issuance costs and accretion of bond discounts
Debt termination expense
Amortization of intangible assets
Gain on sale of owned fleet containers, net
Gain on insurance recovery and legal settlement
Gain on settlement of pre-existing management agreement
Share-based compensation expense
Changes in operating assets and liabilities:
Accounts receivable, net
Trading containers, net
Receipt of payments on finance leases, net of income earned
Interest portion of container leaseback financing receivable
Prepaid expenses and other current assets
Insurance receivable
Due from affiliates, net
Receipt of marketable securities from a lessee
Proceeds from sale of marketable securities
Other assets
Accounts payable
Accrued expenses
Deferred revenue and other liabilities
Accounts payable and accrued expenses
Other liabilities
Due to container investors, net
Settlement of interest rate swaps
Long-term income tax payable
Deferred taxes, net

Total adjustments

Net cash provided by operating activities
Cash flows from investing activities:
Purchase of containers
Payments on container leaseback financing receivable
Payment for Leased Assets Pool Company Limited, net of cash acquired
Payment for TW Container Leasing, Ltd. capital restructuring
Proceeds from sale of containers
Receipt of payments on direct financing and sales-type leases, net of income earned
Receipt of principal payments on container leaseback financing receivable
Other
Net cash used in investing activities

Cash flows from financing activities:
Proceeds from debt
Payments on debt
Payment of debt issuance costs
Proceeds from container leaseback financing liability, net
Principal repayments on container leaseback financing liability, net
Issuance of preferred shares, net of underwriting discount
Purchase of treasury shares
Issuance of common shares upon exercise of share options
Dividends paid on common shares
Dividends paid on preferred shares
Dividends paid to noncontrolling interest
Purchase of noncontrolling interest
Other
Net cash (used in) provided by financing activities

Effect of exchange rate changes
Net change in cash, cash equivalents and restricted cash
Cash, cash equivalents and restricted cash, beginning of the year
Cash, cash equivalents and restricted cash, end of the year
Supplemental disclosures of cash flow information:
Interest expense and realized loss on interest rate swaps, collars and caps, net
Cash paid for interest expense and realized loss and settlement of derivative instruments
Income taxes paid

Additional Cash Flow Elements and Supplemental Cash Flow Information
Supplemental disclosures of noncash operating activities:
Right-of-use asset for leased properties
Supplemental disclosures of noncash investing activities:
(Decrease) increase in accrued container purchases
Containers placed in finance leases
Decrease in insurance receivable due to a decrease in estimated unrecoverable containers

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