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CIT GROUP INC logo
no logo available
General Information
Investor relations pageIR page no data available
Founding year no data available
Headquarter , , no data available
Employees 3,995 (as per Q2 2017)no data available
Sector Banks, Financial ServicesBanks, Financial Servicesno data available
Ticker CITno data available
Financial year endsFY ends End of Decemberno data available
Stock Information (historical prices adjusted for splits and dividends)
Adj. Closing prices (in USD) -Common sharesNov. 16Jan. 17März 17Mai 17Juli 17Sep. 173438424650
datesClosing price (adj.)
13.10.201749.20
11.10.201749.44
04.10.201748.42
27.09.201748.73
20.09.201746.69
13.09.201746.34
06.09.201744.58
30.08.201745.01
23.08.201744.69
16.08.201746.03
09.08.201747.24
02.08.201747.62
26.07.201747.97
19.07.201749.50
12.07.201748.64
05.07.201749.88
27.06.201748.19
20.06.201748.34
13.06.201746.63
06.06.201744.62
30.05.201744.91
23.05.201747.12
16.05.201746.84
09.05.201746.23
02.05.201746.25
25.04.201744.56
18.04.201742.34
11.04.201743.30
04.04.201743.58
28.03.201741.59
21.03.201739.81
14.03.201741.06
07.03.201741.90
28.02.201742.47
21.02.201743.48
14.02.201742.53
07.02.201740.83
31.01.201740.63
24.01.201742.01
17.01.201740.87
10.01.201742.40
03.01.201742.24
27.12.201643.25
19.12.201642.30
12.12.201642.02
05.12.201641.27
28.11.201639.64
21.11.201640.42
14.11.201639.40
07.11.201635.81
31.10.201635.69
24.10.201635.87
17.10.201635.45
no share price data source found
Share price data requested
Key Figures
Last Closing Price
as per Oct 13, 2017, in USD
49.20n/a
Market Capitalisation
in million USD
6,663n/a
Enterprise Value
in million USD
14,686n/a
Common Shares Outstanding
as per Jul 31, 2017
135,428,246n/a
Preferred Shares Outstanding
as per Jul 31, 2017
325,000n/a
Average Basic Shares Outstanding
TTM
197,171,250n/a
Average Diluted Shares Outstanding
TTM
197,477,250n/a
Index Membership
n/a
Business Summary
CIT Group Inc is a banking corporation provides financing, leasing, and advisory services primarily to middle-market companies in a diverse group of industries. It offers retail banking through its subsidiary.
no data available
Key Financials & Ratios (all figures TTM as per , million USD, full statements further below)
Profit & Loss
Revenues 0n/a
Gross Profit 0n/a
Operating Income 0n/a
EBITDA 0n/a
Net Profit 0n/a
Balance Sheet
Cash and Cash Equivalents 599n/a
Receivables 0n/a
Total Current Assets 63,874n/a
PP&E 6,736n/a
Total Assets 79,085n/a
Accounts Payable 0n/a
Current Debt 0n/a
Total Current Liabilities 34,506n/a
Long-Term Debt 8,621n/a
Total Liabilities 43,127n/a
Total Equity 7,352n/a
Cash Flow
Depreciation & Amortisation 498n/a
Change in Working Capital 157n/a
Operating Cash Flow 1,461n/a
Net Change in PP&E and Intangibles 112n/a
Investing Cash Flow 10,212n/a
Dividends Paid -123n/a
Financing Cash Flow -13,825n/a
Total Change in Cash -2,175n/a
Free Cash Flow 0n/a
Profitability Ratios
Gross Margin 0.0%n/a
Operating Margin 0.0%n/a
Net Profit Margin 0.0%n/a
Return on Equity 0.0%n/a
Return on Assets 0.0%n/a
Per Share Figures
Basic EPS n/a
Diluted EPS n/a
Sales per Share n/a
Book Value per Share 35.64n/a
FCF per Share n/a
Dividends per Share 0.62n/a
Price Multiples
Price to Earnings Ratio n/a
Price to Sales Ratio n/a
Price to Book Value 1.32n/a
Price to Free Cash Flow n/a
Valuation Metrics
EV/EBITDA n/a
EV/Sales n/a
Book to Market Value 1.10n/a
Other Ratios
Current Ratio 185.1%n/a
Liabilities to Equity Ratio 586.7%n/a
Debt to Assets Ratio 10.9%n/a
Profit & Loss StatementP&L data quality: 0% (?)
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in million USD FY '10FY '11FY '12FY '13FY '14FY '15FY '16
Revenue
0
0
0
0
0
0
0
Sales & Services Revenue
0
0
0
0
0
0
0
Financing Revenue
0
0
0
0
0
0
0
Other Revenue
0
0
0
0
0
0
0
Cost of revenue
0
0
0
0
0
0
0
Cost of Goods & Services
0
0
0
0
0
0
0
Cost of Financing Revenue
0
0
0
0
0
0
0
Cost of Other Revenue
0
0
0
0
0
0
0
Gross Profit
0
0
0
0
0
0
0
Other Operating Income
0
0
0
0
0
0
0
Operating Expenses
1,793
1,362
1,578
1,585
997
1,146
1,204
Selling, General & Administrative
0
0
0
0
0
0
0
Selling & Marketing
0
0
0
0
0
0
0
General & Administrative
0
0
0
0
0
0
0
Research & Development
0
0
0
0
0
0
0
Depreciation & Amortization
0
0
0
0
1
13
26
Provision For Doubtful Accounts
820
270
51
65
104
159
195
Other Operating Expense
973
1,092
1,527
1,520
892
974
984
Operating Income (Loss)
1,793
1,362
1,578
1,585
997
1,146
1,204
Non-Operating Income (Loss)
-2,474
2,193
4,609
1,558
-234
-1,163
-2,223
Interest Expense, net
-6,132
-1,380
1,479
-1,102
-1,712
-2,480
-3,556
Interest Expense
0
0
0
0
0
0
0
Interest Income
0
0
0
0
0
0
0
Other Investment Income (Loss)
3,658
3,573
3,130
2,660
1,477
1,317
1,333
Foreign Exchange Gain (Loss)
0
0
0
0
0
0
0
Income (Loss) from Affiliates
0
0
0
0
0
0
0
Other Non-Operating Income (Loss)
0
0
0
0
0
0
0
Pretax Income (Loss), Adjusted
-681
3,555
6,188
3,142
763
-17
-1,019
Abnormal Gains (Losses)
-2,472
-1,650
-1,131
-2,408
-1,553
-1,739
-2,513
Acquired In-Process R&D
0
0
0
0
0
0
0
Merger / Acquisition Expense
0
0
0
0
0
0
0
Abnormal Derivatives
0
0
0
0
0
0
0
Disposal of Assets
0
0
0
0
0
0
0
Early extinguishment of Debt
0
0
0
0
0
0
0
Asset Write-Down
0
0
0
0
0
0
0
Impairment of Goodwill & Intangibles
0
0
0
0
0
0
0
Sale of Business
0
0
0
0
0
0
0
Legal Settlement
0
0
0
0
0
0
0
Restructuring Charges
0
0
0
0
0
0
0
Sale of and Unrealized Investments
0
0
0
0
0
0
0
Insurance Settlement
0
0
0
0
0
0
0
Other Abnormal Items
0
0
0
0
0
0
0
Pretax Income (Loss)
-3,153
1,905
5,056
734
-790
-1,756
-3,532
Income Tax (Expense) Benefit, net
-246
-159
-117
-84
432
538
-204
Current Income Tax
0
0
0
0
0
0
0
Deferred Income Tax
0
0
0
0
0
0
0
Tax Allowance/Credit
0
0
0
0
0
0
0
Income (Loss) from Affiliates, net of taxes
0
0
0
0
0
0
0
Income (Loss) from Continuing Operations
-3,399
1,746
4,940
650
-358
-1,218
-3,735
Net Extraordinary Gains (Losses)
0
0
-57
31
443
310
-665
Discontinued Operations
0
0
-57
31
443
310
-665
XO & Accounting Charges & Other
0
0
0
0
0
0
0
Income (Loss) Including Minority Interest
-3,399
1,746
4,883
682
86
-908
-4,400
Minority Interest
0
0
0
0
0
0
0
Net Income
-3,399
1,746
4,883
682
86
-908
-4,400
Preferred Dividends
0
0
0
0
0
0
0
Other Adjustments
0
0
0
0
0
0
0
Net Income Available to Common Shareholders
-3,399
1,746
4,883
682
86
-908
-4,400
Remarks
restated on Mar 1, 2013 n/a
calculated values,
restated on Feb 28, 2014 n/a
calculated values,
restated on Feb 20, 2015 n/a
calculated values,
restated on Mar 7, 2016 n/a
calculated values,
restated on Mar 16, 2017 n/a
calculated values,
restated on Mar 16, 2017 n/a
calculated values,
restated on Mar 16, 2017 n/a
calculated values,
Balance SheetBS data quality: 48% (?)
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in million USD FY '10FY '11FY '12FY '13FY '14FY '15FY '16
Assets
Cash, Cash Equivalents & Short Term Investments
734
433
877
680
879
1,000
822
Cash & Cash Equivalents
734
433
877
680
879
1,000
822
Short Term Investments
0
0
0
0
0
0
0
Accounts & Notes Receivable
-416
-408
-379
-356
-346
-347
-433
Accounts Receivable, Net
0
0
0
0
0
0
0
Notes Receivable, Net
-416
-408
-379
-356
-346
-347
-433
Unbilled Revenues
0
0
0
0
0
0
0
Inventories
0
0
0
0
0
0
0
Raw Materials
0
0
0
0
0
0
0
Work In Process
0
0
0
0
0
0
0
Finished Goods
0
0
0
0
0
0
0
Other Inventory
0
0
0
0
0
0
0
Other Short Term Assets
60,571
48,783
47,915
43,270
46,753
69,400
64,884
Prepaid Expenses
0
0
0
0
0
0
0
Derivative & Hedging Assets
34
43
8
0
0
0
0
Assets Held-for-Sale
1,226
2,332
646
1,003
1,218
2,058
636
Deferred Tax Assets
0
0
0
0
0
0
0
Income Taxes Receivable
0
0
0
0
0
0
0
Discontinued Operations
0
0
0
0
0
0
0
Miscellaneous Short Term Assets
59,311
46,408
47,260
42,267
45,535
67,342
64,248
Total Current Assets
60,889
48,808
48,413
43,594
47,285
70,054
65,273
Property, Plant & Equipment, Net
11,140
12,006
12,412
13,035
14,930
6,852
7,486
Property, Plant & Equipment
11,140
12,006
12,412
13,035
14,930
6,852
7,486
Accumulated Depreciation
0
0
0
0
0
0
0
Long Term Investments & Receivables
378
1,258
1,066
2,631
1,550
2,954
4,491
Long Term Investments
0
0
0
0
0
0
0
Long Term Marketable Securities
0
0
0
0
0
0
0
Long Term Receivables
0
0
0
0
0
0
0
Other Long Term Assets
3,225
2,689
2,590
6,152
3,263
17,705
16,023
Intangible Assets
119
64
32
0
26
166
141
Goodwill
340
346
346
335
571
1,063
685
Other Intangible Assets
0
0
0
0
0
0
0
Prepaid Expense
0
0
0
0
0
0
0
Deferred Tax Assets
0
0
0
0
0
0
0
Derivative & Hedging Assets
0
0
0
0
0
0
0
Prepaid Pension Costs
0
0
0
0
0
0
0
Discontinued Operations
0
0
0
3,821
0
13,060
13,221
Investments in Affiliates
0
0
0
0
0
0
0
Miscellaneous Long Term Assets
2,766
2,280
2,213
1,996
2,666
3,416
1,976
Total Noncurrent Assets
14,743
15,953
16,068
21,818
19,744
27,510
28,000
Total Assets
75,632
64,762
64,480
65,412
67,029
97,564
93,274
Liabilities and owners' equity
Payables & Accruals
4,536 4536200000
6,194 6193700000
9,685 9684500000
12,527 12526500000
15,850 15849800000
32,761 32761400000
32,304 32304300000
Accounts Payable
0 0
0 0
0 0
0 0
0 0
0 0
0 0
Accrued Taxes
0 0
0 0
0 0
0 0
0 0
0 0
0 0
Interest & Dividends Payable
0 0
0 0
0 0
0 0
0 0
0 0
0 0
Other Payables & Accruals
4,536 4536200000
6,194 6193700000
9,685 9684500000
12,527 12526500000
15,850 15849800000
32,761 32761400000
32,304 32304300000
Short Term Debt
0 0
0 0
0 0
0 0
0 0
0 0
0 0
Short Term Borrowings
0 0
0 0
0 0
0 0
0 0
0 0
0 0
Short Term Capital Leases
0 0
0 0
0 0
0 0
0 0
0 0
0 0
Current Portion of Long Term Debt
0 0
0 0
0 0
0 0
0 0
0 0
0 0
Other Short Term Liabilities
3,934 3933800000
3,876 3875900000
4,026 4026200000
7,278 7278000000
4,511 4510900000
7,335 7335000000
6,927 6927300000
Deferred Revenue
0 0
0 0
0 0
0 0
0 0
0 0
0 0
Derivatives & Hedging
0 0
0 0
0 0
0 0
0 0
0 0
0 0
Deferred Tax Liabilities
0 0
0 0
0 0
0 0
0 0
0 0
0 0
Discontinued Operations
0 0
0 0
0 0
3,278 3277600000
0 0
4,302 4302000000
3,738 3737700000
Miscellaneous Short Term Liabilities
3,934 3933800000
3,876 3875900000
4,026 4026200000
4,000 4000400000
4,511 4510900000
3,033 3033000000
3,190 3189600000
Total Current Liabilities
8,470 8470000000
10,070 10069600000
13,711 13710700000
19,805 19804500000
20,361 20360700000
40,096 40096400000
39,232 39231600000
Long Term Debt
34,029 34028900000
26,308 26307700000
21,962 21961800000
18,485 18484500000
18,456 18455800000
16,350 16350300000
14,936 14935500000
Long Term Borrowings
0 0
0 0
0 0
0 0
0 0
0 0
0 0
Long Term Capital Leases
0 0
0 0
0 0
0 0
0 0
0 0
0 0
Other Long Term Liabilities
0 0
0 0
0 0
0 0
0 0
0 0
0 0
Accrued Liabilities
0 0
0 0
0 0
0 0
0 0
0 0
0 0
Pension Liabilities
0 0
0 0
0 0
0 0
0 0
0 0
0 0
Pensions
0 0
0 0
0 0
0 0
0 0
0 0
0 0
Other Post-Retirement Benefits
0 0
0 0
0 0
0 0
0 0
0 0
0 0
Deferred Compensation
0 0
0 0
0 0
0 0
0 0
0 0
0 0
Deferred Revenue
0 0
0 0
0 0
0 0
0 0
0 0
0 0
Deferred Tax Liabilities
0 0
0 0
0 0
0 0
0 0
0 0
0 0
Derivatives & Hedging
0 0
0 0
0 0
0 0
0 0
0 0
0 0
Discontinued Operations
0 0
0 0
0 0
0 0
0 0
0 0
0 0
Miscellaneous Long Term Liabilities
0 0
0 0
0 0
0 0
0 0
0 0
0 0
Total Noncurrent Liabilities
34,029 34028900000
26,308 26307700000
21,962 21961800000
18,485 18484500000
18,456 18455800000
16,350 16350300000
14,936 14935500000
Total Liabilities
42,499 42498900000
36,377 36377300000
35,673 35672500000
38,289 38289000000
38,817 38816500000
56,447 56446700000
54,167 54167100000
Preferred Equity
0 0
0 0
0 0
0 0
0 0
0 0
0 0
Share Capital & Additional Paid-In Capital
8,436 8436100000
8,461 8461300000
8,504 8503800000
8,557 8557400000
8,606 8605600000
8,720 8720100000
8,768 8767900000
Common Stock
0 0
0 0
0 0
0 0
0 0
0 0
0 0
Additional Paid in Capital
0 0
0 0
0 0
0 0
0 0
0 0
0 0
Other Share Capital
0 0
0 0
0 0
0 0
0 0
0 0
0 0
Treasury Stock
-9 -8800000
-13 -12800000
-17 -16700000
-226 -226000000
-1,019 -1018500000
-157 -157300000
-178 -178100000
Retained Earnings
505 505400000
518 517700000
-75 -74600000
581 581000000
1,616 1615700000
2,524 2524000000
1,553 1553000000
Other Equity
-10 -9600000
-83 -82600000
-78 -77700000
-74 -73600000
-134 -133900000
-142 -142100000
-140 -140100000
Equity Before Minority Interest
8,923 8923100000
8,884 8883600000
8,335 8334800000
8,839 8838800000
9,069 9068900000
10,945 10944700000
10,003 10002700000
Minority Interest
-2 -2300000
3 2500000
5 4700000
11 11200000
-5 -5400000
1 500000
0 400000
Total Equity
8,921 8920800000
8,886 8886100000
8,340 8339500000
8,850 8850000000
9,064 9063500000
10,945 10945200000
10,003 10003100000
Total Liabilities & Equity
51,420 51419700000
45,263 45263400000
44,012 44012000000
47,139 47139000000
47,880 47880000000
67,392 67391900000
64,170 64170200000
Remarks restated on Feb 29, 2012 n/a restated on Mar 1, 2013 n/a restated on Feb 28, 2014 n/a restated on Feb 20, 2015 n/a restated on Mar 7, 2016 n/a restated on Mar 16, 2017 n/a restated on Aug 7, 2017 n/a
Cash Flow StatementCF data quality: 97% (?)
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in million USD FY '10FY '11FY '12FY '13FY '14FY '15FY '16
Net Income/Starting Line
521
15
-592
676
1,119
1,034
-848
Net Income
0
0
0
0
0
0
0
Net Income From Discontinued Operations
0
0
0
0
0
0
0
Other Adjustments
0
0
0
0
0
0
0
Depreciation & Amortization
-504
752
1,986
706
973
784
700
Non-Cash Items
490
-66
-237
-63
-672
-385
1,713
Stock-Based Compensation
0
0
0
0
0
0
0
Deferred Income Taxes
0
0
0
0
0
0
0
Other Non-Cash Adjustments
0
0
0
0
0
0
0
Change in Working Capital
608
352
-114
108
-50
-141
632
(Increase) Decrease in Accounts Receivable
0
0
0
0
0
0
0
(Increase) Decrease in Inventories
0
0
0
0
0
0
0
Increase (Decrease) in Accounts Payable
0
0
0
0
0
0
0
Increase (Decrease) in Other
0
0
0
0
0
0
0
Net Cash From Discontinued Operations (operating)
0
0
0
0
0
0
0
Cash from Operating Activities
1,115
1,053
1,043
1,426
1,370
1,292
2,196
Change in Fixed Assets & Intangibles
3,976
2,179
2,723
-196
630
-836
-113
Disposition of Fixed Assets & Intangibles
0
0
0
0
0
0
0
Disposition of Fixed Assets
0
0
0
0
0
0
0
Disposition of Intangible Assets
0
0
0
0
0
0
0
Acquisition of Fixed Assets & Intangibles
0
0
0
0
0
0
0
Purchase of Fixed Assets
0
0
0
0
0
0
0
Acquisition of Intangible Assets
0
0
0
0
0
0
0
Other Change in Fixed Assets & Intangibles
0
0
0
0
0
0
0
Net Change in Long Term Investment
43
-886
258
-1,454
437
910
-1,354
Decrease in Long Term Investment
0
0
0
0
0
0
0
Increase in Long Term Investment
0
0
0
0
0
0
0
Net Cash From Acquisitions & Divestitures
0
0
0
0
-449
2,521
0
Net Cash from Divestitures
0
0
0
0
0
0
0
Cash for Acqusition of Subsidiaries
0
0
0
0
0
0
0
Cash for Joint Ventures
0
0
0
0
0
0
0
Net Cash from Other Acquisitions
0
0
0
0
0
0
0
Other Investing Activities
5,641
2,778
-2,624
-2,806
-1,773
-1,635
1,138
Net Cash From Discontinued Operations (investing)
0
0
0
0
0
0
0
Cash from Investing Activities
9,660
4,071
357
-4,456
-1,155
961
-328
Dividends Paid
0
0
0
-20
-95
-115
-123
Cash From (Repayment of) Debt
-10,593
-9,444
-6,392
-466
-1,831
-2,952
-2,691
Cash From (Repayment of) Short Term Debt, net
0
0
0
0
0
0
0
Cash From (Repayment of) Long Term Debt, net
0
0
0
0
0
0
0
Repayments of Long Term Debt
0
0
0
0
0
0
0
Cash From Long Term Debt
0
0
0
0
0
0
0
Cash From (Repurchase of) Equity
0
0
0
-193
-776
-532
0
Increase in Capital Stock
0
0
0
0
0
0
0
Decrease in Capital Stock
0
0
0
-193
-776
-532
0
Other Financing Activities
64
2,236
4,063
3,155
3,643
2,725
-115
Net Cash From Discontinued Operations (financing)
0
0
0
0
0
0
0
Cash from Financing Activities
-10,529
-7,209
-2,329
2,476
941
-874
-2,929
Net Cash Before Disc. Operations and FX
245
-2,085
-930
-555
1,157
1,379
-1,061
Change in Cash from Disc. Operations and Other
0
0
0
0
0
0
0
Net Cash Before FX
245
-2,085
-930
-555
1,157
1,379
-1,061
Effect of Foreign Exchange Rates
0
0
0
0
-83
-64
-35
Net Changes in Cash
245
-2,085
-930
-555
1,074
1,315
-1,095
Remarks
restated on Mar 1, 2013 n/a
calculated values,
restated on Feb 28, 2014 n/a
calculated values,
restated on Feb 20, 2015 n/a
calculated values,
restated on Mar 7, 2016 n/a
calculated values,
restated on Mar 16, 2017 n/a
calculated values,
restated on Mar 16, 2017 n/a
calculated values,
restated on Mar 16, 2017 n/a
calculated values,
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