30 Year Financial Data of CIT Group Inc (NYSE:CIT)

CIT- NYSE (USA) Also traded in: Germany
CIT Group Inc

Currently 3/5

Business Predictability Rank: 3-Star
Back Testing Results:
Average gain of all 3-Star stocks: 8.2% per year.
% of Stocks that are in still loss if held for 10yrs: 11%.
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$39.15

0.58(1.46%) Volume: 781,578 4:00PM EST

Avg Vol (1m): 1,083,070

Warning! GuruFocus has detected 2 Severe Warning Signs with NYSE:CIT. Click here to check it out.

Market Cap : 3.86 B	Enterprise Value : 5.23 B	P/E (TTM) :	P/B : 0.74

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Also traded in: Germany

Annual Rates (per share)	10 yrs*	5 yrs*	12 months*
Revenue Growth (%)	12.70	23.70	16.50
EBITDA Growth (%)	N/A	N/A	N/A
Operating Income Growth (%)	N/A	N/A	N/A
EPS without NRI Growth (%)	N/A	N/A	38.00
Free Cash Flow Growth (%)	N/A	N/A	-55.30
Book Value Growth (%)	3.60	3.40	10.20

*12-month growth rate is calculated with the quarterly per share revenue (EBITDA, FCF, earnings) of the last 12 months over the per share revenue (EBITDA, FCF, earnings) over the previous 12 months. 5-year and 10-year growth rates are calculated with least-square regression based on the 6-year and 11-year annual numbers. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the growth rate you want.

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* All numbers are in millions except for per share data, ratios, and percentage data * All shares outstanding data and per share data are split adjusted * Empty lines (lines with only 0's) are hidden by default * Preliminary data is from the companies' press releases. 10-Q/K data is not available yet. Preliminary data is not used in the calculation of Ratios,Scores or Rankings * Financial Statement Template: Bank * Cash Flow from Operations Template: Indirect Method * For latest financial page display change, please click GuruFocus 30-Y Financials Page Item Changes

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Fiscal Period	Trend	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	TTM	Sep19	Dec19	Mar20	Jun20	Sep20
Per Share Data	Annuals (USD $)View: $ % YOY																	Quarterly

Revenue per Share													11.60	15.19	20.70	24.12	24.19	6.02	6.08	6.41	5.57	6.14
Earnings per Share (Diluted)													-4.20	2.80	3.61	5.27	-5.28	1.50	1.27	-6.40	-0.99	0.84
EPS without NRI													-0.90	1.52	3.82	5.27	-5.28	1.50	1.27	-6.40	-0.99	0.84
Owner Earnings per Share (TTM)													-3.41	-14.79	-10.57	-6.88	-15.77	-9.65	-6.88	-18.88	-18.94	-15.77
Free Cash Flow per Share													2.67	-1.58	2.75	1.23	-5.07	0.50	1.59	-6.38	-1.91	1.62
Operating Cash Flow per Share													11.92	3.26	8.27	9.57	7.41	2.39	5.34	-3.51	2.20	3.37
Cash per Share													31.82	13.09	17.79	28.35	68.06	19.26	28.35	37.60	82.08	68.06
Dividends per Share													0.60	0.61	0.82	1.30	1.40	0.35	0.35	0.35	0.35	0.35
Book Value per Share													49.50	53.25	55.70	61.37	53.17	60.27	61.37	54.24	52.97	53.17
Tangible Book per Share													45.41	49.58	51.15	56.77	50.29	55.60	56.77	51.12	49.93	50.29
Total Debt per Share													73.91	68.32	80.45	70.89	76.65	70.36	70.89	85.01	79.98	76.65
Month End Stock Price													42.68	49.23	38.27	45.63	39.07	45.31	45.63	17.26	20.73	17.71

Ratios	AnnualsView: $ % YOY																	Quarterly
Fiscal Period		Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	TTM	Sep19	Dec19	Mar20	Jun20	Sep20

ROE %													-8.10	5.29	6.46	8.32	-8.77	9.56	7.83	-41.19	-6.73	5.77
ROE % Adjusted to Book Value													-9.42	5.75	9.36	11.24	-11.85	12.75	10.58	-128.72	-17.26	17.48
ROA %													-1.29	0.83	0.91	1.07	-0.87	1.12	1.02	-4.55	-0.57	0.56
Return-on-Tangible-Equity													-8.98	5.73	6.95	8.97	-9.33	10.33	8.43	-43.86	-7.10	6.07
Return-on-Tangible-Asset													-1.31	0.84	0.92	1.08	-0.87	1.13	1.03	-4.58	-0.57	0.56
ROIC %													--	--	--	--	--	--	--	--	--	--
WACC %													7.65	9.02	12.10	10.34	10.27	10.74	10.34	11.02	10.33	9.59
Effective Interest Rate on Debt %													4.81	6.00	9.54	12.83	11.08	14.74	13.74	11.98	9.98	8.58

Net Interest Margin (Bank Only) %													3.40	3.19	2.92	2.80	2.50	2.65	2.58	2.80	2.25	2.40
Net Margin %													-36.23	18.81	18.19	22.67	-20.91	24.96	22.59	-99.36	-15.57	14.16
FCF Margin %													23.05	-10.41	13.30	5.10	-21.26	8.30	26.20	-99.54	-34.23	26.39

Debt-to-Equity													1.49	1.23	1.37	1.06	1.31	1.11	1.06	1.43	1.37	1.31
Equity-to-Asset													0.16	0.15	0.12	0.13	0.10	0.12	0.13	0.10	0.09	0.10
Debt-to-Asset													0.23	0.18	0.17	0.13	0.12	0.13	0.13	0.14	0.13	0.12

Asset Turnover													0.04	0.04	0.05	0.05	0.04	0.01	0.01	0.01	0.01	0.01
Dividend Payout Ratio													--	0.40	0.22	0.25	--	0.23	0.28	--	--	0.42


Income Statement	Annual (USD $) View: $%/share% YOY																	Quarterly
Fiscal Period		Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	TTM	Sep19	Dec19	Mar20	Jun20	Sep20

Interest Income													1,895	1,825	1,877	2,008	1,860	502	480	512	446	422
Interest Expense													-753	-718	-815	-952	-824	-244	-230	-226	-203	-166
Net Interest Income (for Banks)													1,142	1,107	1,062	1,056	1,036	258	250	287	243	256
Non Interest Income													1,199	1,383	1,396	1,281	1,323	314	329	342	305	349
Revenue													2,341	2,490	2,458	2,338	2,359	572	578	628	548	605

Credit Losses Provision													195	115	171	111	823	27	23	514	224	63
Selling, General, & Admin. Expense													836	821	806	794	703	--	--	251	235	218
Other Noninterest Expense													886	834	806	793	1,011	429	361	216	226	209
Total Noninterest Expense													1,722	1,655	1,612	1,587	1,714	429	361	466	460	427
SpecialCharges													403	529	39	16	382	0	15	345	22	--
Other Income (Expense)													--	-0	--	0	0	--	-0	-0	0	--
Pre-Tax Income													21	192	637	624	-560	117	180	-697	-159	115
Tax Provision													-204	68	-165	-95	67	26	-49	72	73	-30
Tax Rate %													973.68	-35.39	25.89	15.15	11.91	-22.26	27.40	10.38	46.18	25.61
Net Income (Continuing Operations)													-183	259	472	529	-494	143	130	-624	-85	86
Net Income (Discontinued Operations)													-665	209	-25	1	--	--	--	--	--	--
Other Income (Minority Interest)													--	--	--	--	--	--	--	--	--	--
Net Income													-848	468	447	530	-493	143	131	-624	-85	86
Net Margin %													-36.23	18.81	18.19	22.67	-20.91	24.96	22.59	-99.36	-15.57	14.16

Preferred Dividends													--	10	19	19	28	--	10	4	12	3
EPS (Basic)													-4.20	2.82	3.64	5.30	-5.27	1.51	1.28	-6.40	-0.99	0.84
EPS (Diluted)													-4.20	2.80	3.61	5.27	-5.28	1.50	1.27	-6.40	-0.99	0.84
Shares Outstanding (Diluted Average)													201.9	164.0	118.8	96.9	98.6	95.0	95.1	98.1	98.4	98.6

Depreciation, Depletion and Amortization													607	296	311	309	318	76	76	78	81	83

Balance Sheet	Annuals (USD $)View: $%/share% YOY																	Quarterly
Fiscal Period		Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Latest Q.	Sep19	Dec19	Mar20	Jun20	Sep20

Cash and cash equivalents													6,431	1,719	1,796	2,686	6,706	1,825	2,686	3,699	8,080	6,706
Money Market Investments													--	150	400	950	--	2,000	950	--	100	--
Gross Loan													29,536	29,114	30,795	30,999	37,320	31,346	30,999	38,530	37,518	37,320
Allowance For Loans And Lease Losses													-433	-431	-490	-483	-1,206	-486	-483	-1,111	-1,203	-1,206
Unearned Income													--	--	--	--	--	--	--	--	--	--
Net Loan													29,103	28,683	30,306	30,516	36,113	30,859	30,516	37,419	36,316	36,113
Securities & Investments													4,711	6,718	6,548	6,642	7,015	6,466	6,642	6,523	6,072	7,015
Accounts Receivable													--	--	--	--	--	--	--	--	--	--
Notes Receivable													--	--	--	--	--	--	--	--	--	--
Other Current Receivables													639	447	194	182	248	437	182	477	311	248
Total Receivables													639	447	194	182	248	437	182	477	311	248
Property, Plant and Equipment													7,677	6,913	7,131	7,675	8,212	7,458	7,675	7,911	8,196	8,212
Intangible Assets													826	483	459	436	284	442	436	307	299	284
Goodwill													685	370	370	370	140	370	370	147	147	140
Other Assets for Banks													14,783	4,168	1,705	1,746	2,288	1,917	1,746	2,601	2,328	2,288
Total Assets													64,170	49,279	48,537	50,833	60,865	51,403	50,833	58,937	61,702	60,865

Total Deposits													32,304	29,569	31,240	35,140	44,706	35,910	35,140	42,162	45,815	44,706
Accounts Payable & Accrued Expense													1,012	876	760	826	657	705	826	873	655	657
Short-Term Debt & Capital Lease Obligation													--	--	--	--	--	--	--	--	--	--
Long-Term Debt & Capital Lease Obligation													14,936	8,974	8,119	6,716	7,552	6,664	6,716	8,362	7,873	7,552
Debt-to-Equity													1.49	1.23	1.37	1.06	1.31	1.11	1.06	1.43	1.37	1.31
Other Liabilities for Banks													5,915	2,539	2,472	1,813	2,186	2,090	1,813	1,679	1,619	2,186
Total Liabilities													54,167	41,959	42,591	44,494	55,101	45,370	44,494	53,076	55,963	55,101

Common Stock													2	2	2	2	2	2	2	2	2	2
Preferred Stock													--	325	325	525	525	325	525	525	525	525
Retained Earnings													1,553	1,907	1,924	2,308	1,467	2,220	2,308	1,552	1,419	1,467
Accumulated other comprehensive income (loss)													-140	-87	-178	-52	46	-65	-52	67	66	46
Additional Paid-In Capital													8,766	8,798	6,811	6,854	6,882	6,848	6,854	6,873	6,886	6,882
Treasury Stock													-178	-3,625	-2,937	-3,297	-3,158	-3,297	-3,297	-3,158	-3,158	-3,158
Other Stockholders Equity													0	-0	-0	0	-0	-0	0	--	--	-0
Total Stockholders Equity													10,003	7,320	5,947	6,339	5,764	6,034	6,339	5,861	5,739	5,764
Minority Interest													0	--	--	--	--	--	--	--	--	--
Total Equity													10,003	7,320	5,947	6,339	5,764	6,034	6,339	5,861	5,739	5,764
Equity-to-Asset													0.16	0.15	0.12	0.13	0.10	0.12	0.13	0.10	0.09	0.10

Cashflow Statement	Annuals (USD $)View: $%/share% YOY																	Quarterly
Fiscal Period		Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	TTM	Sep19	Dec19	Mar20	Jun20	Sep20

Net Income From Continuing Operations													-848	468	447	530	-493	143	131	-624	-85	86
Depreciation, Depletion and Amortization													607	296	311	309	318	76	76	78	81	83
Change In Receivables													337	-96	-57	34	--	--	--	--	--	--
Change In Inventory													--	--	--	--	--	--	--	--	--	--
Change In Prepaid Assets													--	--	--	--	--	--	--	--	--	--
Change In Payables And Accrued Expense													--	--	--	--	--	--	--	--	--	--
Change In Other Working Capital													491	-540	-144	-223	--	--	--	--	--	--
Change In Working Capital													827	-636	-201	-189	-151	-57	205	-753	244	154
Deferred Tax													979	-40	118	115	-44	4	72	104	-231	11
Stock Based Compensation													45	45	39	45	35	11	10	19	11	-5
Asset Impairment Charge													358	256	--	--	345	--	--	345	--	--
Cash from Discontinued Operating Activities													--	--	--	--	--	--	--	--	--	--
Cash Flow from Others													438	145	268	118	702	51	14	487	198	4
Cash Flow from Operations													2,406	534	983	927	713	227	508	-345	217	332

Purchase Of Property, Plant, Equipment													-1,867	-793	-656	-808	-1,215	-180	-357	-281	-404	-172
Sale Of Property, Plant, Equipment													--	--	--	--	--	--	--	--	--	--
Purchase Of Business													--	--	--	--	-720	--	--	-727	--	7
Sale Of Business													--	10,026	1,065	--	--	--	--	--	--	--
Purchase Of Investment													-4,941	-7,023	-3,021	-12,954	-7,022	-5,067	-2,874	-1,520	-764	-1,864
Sale Of Investment													3,611	4,753	2,882	12,543	10,352	4,470	3,732	4,056	1,445	1,119
Net Intangibles Purchase And Sale													--	--	--	--	--	--	--	--	--	--
Cash From Discontinued Investing Activities													--	--	--	--	--	--	--	--	--	--
Cash From Other Investing Activities													2,689	102	-227	-729	558	44	423	-1,277	765	648
Cash Flow from Investing													-508	7,064	44	-1,947	1,953	-733	924	251	1,041	-262

Issuance of Stock													--	--	--	--	--	--	--	--	--	--
Repurchase of Stock													--	-3,432	-1,627	-341	--	-3	--	--	--	--
Net Issuance of Preferred Stock													--	318	--	195	--	--	--	--	--	--
Net Issuance of Debt													-2,551	-7,137	-787	-1,671	575	89	46	1,307	-472	-306
Cash Flow for Dividends													-123	-114	-116	-147	-167	-34	-43	-39	-47	-38
Other Financing													-297	-2,719	1,588	3,871	1,806	610	-577	-156	3,642	-1,103
Cash Flow from Financing													-2,971	-13,083	-942	1,908	2,213	662	-574	1,112	3,123	-1,448

Effect of Exchange Rate Changes													-35	16	-15	2	2	-4	3	-6	2	3
Net Change in Cash													-1,108	-5,469	69	890	4,881	152	861	1,013	4,382	-1,375
Capital Expenditure													-1,867	-793	-656	-808	-1,215	-180	-357	-281	-404	-172
Free Cash Flow													540	-259	327	119	-502	48	152	-625	-188	160

Valuation Ratios	AnnualsView: $ % YOY																	Quarterly
Fiscal Period		Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Current	Sep19	Dec19	Mar20	Jun20	Sep20


PE Ratio
PE Ratio without NRI
Price-to-Owner-Earnings
PB Ratio
Price-to-Tangible-Book
Price-to-Free-Cash-Flow
Price-to-Operating-Cash-Flow
PS Ratio
PEG Ratio
EV-to-Revenue
Earnings Yield (Joel Greenblatt) %
Forward Rate of Return (Yacktman) %
Shiller PE Ratio
Dividend Yield %

Valuation and Quality	AnnualsView: $ % YOY																	Quarterly
Fiscal Period		Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Current	Sep19	Dec19	Mar20	Jun20	Sep20


Market Cap
Enterprise Value
Month End Stock Price
Net Cash per Share
Net Current Asset Value
Net-Net Working Capital
Intrinsic Value: Projected FCF
Median PS Value
Peter Lynch Fair Value
Graham Number
Earnings Power Value (EPV)
Piotroski F-Score
Beneish M-Score
Scaled Net Operating Assets
Sloan Ratio %
Highest Stock Price
Lowest Stock Price
Shares Buyback Ratio %
Buyback Yield %
YoY Rev. per Sh. Growth
YoY EPS Growth
Shares Outstanding (Basic Average)
Shares Outstanding (EOP)
Beta
Filing Date
Restated Filing Date
Number of Shareholders

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