- CIT Ticker
- 🇺🇸 NYSE Exchange
- 3,678 Employees
- 💰 Financials Sector
- 🏦 Banks Industry
- Ellen Rose Alemany CEO
Financial statements — CIT Group
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| 20 ← 16 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|
| Total Revenue |
|
3.2B | 3.3B | 3.3B | 3.2B | 3.3B |
| Cost Of Revenue |
|
800M | 110M | 170M | 110M | 190M |
| Gross Profit |
|
2.4B | 3.2B | 3.1B | 3.1B | 3.2B |
| Research and Development |
|
0 | 0 | 0 | 0 | 0 |
| Selling General and Admin |
|
130M | 130M | 110M | 110M | 92M |
| Operating Expense |
|
3.3B | 2.7B | 2.6B | 2.7B | 2.7B |
| Operating Income |
|
-180M | 640M | 640M | 450M | 630M |
| Other Income Expense Net |
|
0 | 0 | 0 | 44M | 51M |
| EBIT |
|
-180M | 640M | 640M | 500M | 680M |
| Interest Income |
|
0 | 0 | 0 | 0 | 0 |
| Pretax Income |
|
-700M | 620M | 640M | 190M | 21M |
| Income Tax |
|
-88M | 95M | 160M | -68M | 200M |
| Minority Interest |
|
0 | 0 | 0 | 0 | 0 |
| Net Income |
|
-650M | 510M | 430M | 460M | -850M |
| Net Income Basic |
|
-650M | 510M | 430M | 460M | -850M |
| 20 ← 16 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|
| Current cash |
|
0 | 0 | 0 | 0 | 0 |
| Short term investments |
|
12B | 10B | 9B | 8.8B | 10B |
| Receivables |
|
0 | 0 | 0 | 0 | 450M |
| Inventory |
|
0 | 0 | 0 | 0 | 0 |
| Other current assets |
|
170M | 0 | 0 | 0 | 0 |
| Current assets |
|
48B | 41B | 40B | 38B | 40B |
| Long term investments |
|
9.9B | 9.4B | 9B | 11B | 24B |
| Property plant equipment |
|
8B | 7.5B | 7.1B | 170M | 190M |
| Goodwill |
|
0 | 370M | 370M | 370M | 690M |
| Intangible assets |
|
130M | 66M | 89M | 110M | 140M |
| Other assets |
|
1.1B | 800M | 610M | 7.6B | 8.3B |
| Total assets |
|
58B | 51B | 49B | 49B | 64B |
| Accounts payable |
|
0 | 0 | 0 | 0 | 0 |
| Current long term debt |
|
7.6B | 7.6B | 9.8B | 10B | 16B |
| Other current liabilities |
|
45B | 36B | 32B | 31B | 33B |
| Total current liabilities |
|
52B | 44B | 42B | 41B | 50B |
| Long term debt |
|
0 | 0 | 0 | 0 | 0 |
| Other liabilities |
|
0 | 490M | 420M | 470M | 760M |
| Minority Interest |
|
0 | 0 | 0 | 0 | 400K |
| Total Liabilities |
|
52B | 44B | 43B | 42B | 54B |
| Common stock |
|
98M | 97M | 120M | 160M | 200M |
| Retained earning |
|
1.4B | 2.3B | 1.9B | 1.9B | 1.6B |
| Treasury stock |
|
-3.2B | -3.3B | -2.9B | -3.6B | -180M |
| Capital surplus |
|
• | • | • | • | • |
| Shareholder equity |
|
5.7B | 6.3B | 5.9B | 7.3B | 10B |
| Net tangible assets |
|
5.1B | 5.4B | 5.2B | 6.5B | 9.2B |
| 20 ← 16 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|
| Net Income |
|
-650M | 510M | 430M | 460M | -850M |
| Depreciation |
|
330M | 310M | 310M | 390M | 700M |
| Changes in receivables |
|
0 | 0 | 0 | -450M | -190M |
| Changes in inventories |
|
0 | 0 | 0 | 0 | 0 |
| Cash change |
|
-820M | 790M | -80M | -540M | -660M |
| Cash flow |
|
480M | 930M | 980M | 520M | 2.4B |
| Capital expenditures |
|
-1B | -810M | -660M | -790M | -1.9B |
| Investments |
|
• | • | • | • | • |
| Investing activity other |
|
• | • | • | • | • |
| Total investing cash flows |
|
1.2B | -1.9B | 44M | 7.8B | -500M |
| Dividends paid |
|
• | • | • | • | • |
| Net borrowings |
|
-40B | -33B | -30B | -27B | -23B |
| Other financing cash flows |
|
• | • | • | • | • |
| Cash flow financing |
|
-350M | 1.9B | -940M | -13B | -2.9B |
| Exchange rate effect |
|
• | • | • | • | • |
Analyst Recommendations
This chart is a recommendation for investors. To provide forecasts, analysts and brokers use companies' public financial reports and speak with their employees and clients. The end result is a solution that's marked on the chart, which shows analysts' opinions at different periods of time. Move your cursor to track on what the dates the recommendations changed.
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CIT Group, Inc. is a financial holding company, which provides financing, leasing and advisory services. It operates through the following business segments: Commercial Banking, Consumer Banking and Non-Strategic Portfolios Corporate and Other. The Commercial Banking segment consists of four divisions, commercial finance, rail, and real estate finance and business capital. It provides a range of lending, leasing and deposit products, as well as ancillary products and services, including factoring, cash management and advisory services, primarily to small and medium- sized companies, as well as to the rail industry. The Consumer Banking segment includes retail Banking, consumer lending, and SBA lending, which are grouped together for purposes of discussion as other consumer banking and legacy consumer mortgages. The Non-Strategic Portfolios Corporate and Other segment consists of businesses and portfolios that they no longer consider strategic. These portfolios include equipment financing, secured lending and leasing and advisory services to small and middle-market businesses. The company was founded by Henry Ittelson in 1908 and is headquartered in New York, NY.