7Baggers
Quarterly
Annual
    Unit: USD2003-12-31 2002-09-30 2002-06-30 2002-03-31 
      
    		    
      cash flows from operating activities:
    		    
      net income
    		7,019,000 8,493,000 -1,205,000 -2,366,000 
      adjustments to reconcile net income to net cash from operating activities:
    		    
      depreciation and amortization
    		3,752,000    
      deferred income taxes
    		3,882,000    
      benefit from credit losses
    		    
      share-based compensation
    		    
      gain on sale of property, plant and equipment
    		    
      gain on sale of discontinued operations
    		    
      gain on sale of used rental equipment
    		    
      foreign currency exchange gain
    		    
      amortization of debt issuance costs
    		    
      change in:
    		    
      accounts receivable
    		10,081,000 -1,313,000 -2,226,000 7,186,000 
      inventories
    		    
      prepaid expenses and other assets
    		2,193,000    
      accounts payable
    		    
      accrued liabilities
    		    
      deferred income
    		-9,669,000    
      net cash from operating activities
    		15,708,000    
      capex
    		-27,000    
      free cash flows
    		15,681,000    
      cash flows from investing activities:
    		    
      proceeds from sale of discontinued operations
    		    
      purchases of rental equipment
    		    
      purchases of property, plant and equipment
    		    
      cash paid for acquisition of businesses
    		    
      cash paid for acquisition of business assets
    		    
      proceeds from sales of used rental equipment
    		    
      proceeds from sales of property, plant and equipment
    		    
      net cash from investing activities
    		-4,815,000    
      cash flows from financing activities:
    		    
      net (payments) borrowings under bank lines of credit
    		    
      borrowings under term note agreement
    		    
      principal payment of series c senior notes
    		    
      taxes paid related to net share settlement of stock awards
    		    
      payment of dividends
    		-2,425,000 -2,247,000 -1,994,000 -1,981,000 
      net cash from financing activities
    		-10,893,000    
      effect of foreign currency exchange rate changes on cash
    		    
      net decrease in cash
    		    
      cash balance, beginning of period
    		0 0 0 4,000 
      cash balance, end of period
    		0 2,089,000 0 4,000 
      supplemental disclosure of cash flow information:
    		    
      gain on merger termination, net of transaction costs, presented under net cash from operating activities
    		    
      interest paid, during the period
    		    
      net income taxes paid, during the period
    		    
      dividends accrued during the period, not yet paid
    		    
      rental equipment acquisitions, not yet paid
    		-3,277,000    
      relocatable modular buildings
    		    
      relocatable modular accessories
    		    
      blast resistant and kitchen modules
    		    
      portable storage containers
    		    
      electronic test equipment and accessories
    		    
      foreign currency exchange (gain) loss
    		    
      accounts payable and accrued liabilities
    		-402,000    
      cash paid for acquisition of non-compete agreements
    		    
      net borrowings under bank lines of credit
    		    
      borrowings under senior note purchase agreement
    		    
      principal payment of series b senior notes
    		    
      net increase in cash
    		    
      foreign currency exchange loss
    		    
      cash paid for acquisition of titan business assets
    		    
      net borrowings (payments) borrowings under bank lines of credit
    		    
      borrowings under note purchase agreement
    		    
      repurchase of common stock
    		-47,000    
      liquid and solid containment tanks and boxes and accessories
    		    
      benefit from doubtful accounts
    		110,000    
      net borrowing (repayment) under bank lines of credit
    		    
      impairment of rental assets
    		    
      net (repayment) borrowing under bank lines of credit
    		    
      principal payments on series a senior notes
    		    
      blast resistant modules
    		    
      net borrowings (repayment) under bank lines of credit
    		    
      foreign currency exchanges (gain) loss
    		    
      income taxes receivable
    		    
      net borrowings (repayments) under bank lines of credit
    		    
      proceeds from the exercise of stock options
    		   2,156,000 
      borrowings under series c senior notes
    		    
      amortization of debt issuance cost
    		    
      proceeds from sale of used rental equipment
    		    
      proceeds from sale of property, plant and equipment
    		    
      borrowings under series b senior notes
    		    
      excess tax benefit (shortfall) from exercise of stock awards
    		    
      excess tax benefit (shortfall) from exercise of stock options
    		    
      excess tax benefit from exercise and disqualifying disposition of stock options
    		    
      note 1.
    		    
      adjustments to reconcile net income to net cash
    		    
      provided by operating activities:
    		    
      non-cash share-based compensation
    		    
      borrowings under private placement
    		    
      principal payments on senior notes
    		    
      effect of exchange rate changes on cash
    		    
      net income taxes paid (refunds received), during the period
    		    
      non-cash stock-based compensation
    		    
      payments related to acquisition of adler tanks
    		    
      purchase of rental equipment
    		-8,637,000 -3,578,000 -5,545,000 -7,027,000 
      purchase of property, plant and equipment
    		-27,000    
      income taxes paid (refunds received), during the period
    		    
      net borrowings (payments) under bank lines of credit
    		    
      excess tax benefit from equity awards
    		    
      income taxes paid (refunds received), net during the period
    		    
      dividends accrued
    		    
      dividends declared, not yet paid
    		0    
      common stock issued for the acquisition of adler tanks
    		    
      purchase of minority interest in subsidiary
    		    
      depreciation
    		    
      gain on sale of rental equipment
    		-1,370,000    
      acquisition of adler tanks
    		    
      proceeds from sale of rental equipment
    		3,849,000 4,787,000 4,542,000 5,195,000 
      income taxes paid, during the period
    		    
      common stock issued for the acquisition of adler tanks, during the period
    		    
      non-cash stock compensation
    		    
      acquisition of trs
    		    
      cash flow from operating activities:
    		    
      noncash compensation
    		    
      cash flow from investing activities:
    		    
      cash flow from financing activities:
    		    
      impairment of rental equipment
    		    
      gain on sale of land
    		    
      proceeds from sale of land
    		    
      net repayments under bank lines of credit
    		    
      net proceeds from the exercise of stock options
    		 52,000   
      loss on sale of land
    		    
      interest paid during the period
    		 1,557,000 583,000 1,687,000 
      income taxes paid during the period
    		 4,000 1,611,000 572,000 
      net income, as reported
    		    
      pro forma compensation expense, net of tax
    		    
      pro forma net income
    		    
      earnings per share:
    		    
      basic – as reported
    		    
      basic – pro forma
    		    
      diluted – as reported
    		    
      diluted – pro forma
    		    
      purchase of land, buildings, land improvements, equipment and furniture
    		 126,000 -184,000 -67,000 
      net payments under notes payable
    		 -16,150,000   
      dividends declared but not yet paid
    		   1,996,000 
      stock issued for equity in subsidiary
    		    
      nine months ended september 30,
    		    
      2002
    		    
      rental revenues
    		 3,485,000 4,038,000 4,965,000 
      rental related services revenues
    		 146,000 131,000 154,000 
      sales and other revenues
    		 2,336,000 2,668,000 2,699,000 
      total revenues
    		 5,967,000 6,837,000 7,818,000 
      depreciation on rental equipment
    		 1,493,000 2,056,000 3,613,000 
      interest expense
    		 141,000 200,000 293,000 
      income before impairment and merger related items and benefit from income taxes
    		    
      income before merger related items and benefit from income taxes
    		    
      rental equipment acquisitions
    		 773,000 822,000 504,000 
      rental equipment, at cost
    		 -2,296,000 -20,250,000 64,754,000 
      rental equipment, net book value
    		 -2,043,000   
      utilization
    		    
      average utilization
    		    
      2001
    		    
      six months ended june 30,
    		    
      income before impairment and merger related expenses and benefit from income taxes3
    		  215,000 -26,000 
      income before merger related expenses and benefit from income taxes3
    		    
      utilization (period end)4
    		  4,700 37,200 
      average utilization4
    		  900 34,700 
      net borrowings (payments) under notes payable
    		   -11,883,000 
      three months ended march 31, 2002
    		    
      adjustments to reconcile net income to net cash provided by operating activities:
    		    
      purchase of land, buildings, land improvements, equipment and furniture
    		    
      net borrowings (repayments) under bank lines of credit
    		    
      rental equipment:
    		    
      relocatable modular offices and accessories
    		    
      electronic test instruments and accessories
    		    
      buildings, land improvements, equipment and furniture
    		    
      maintenance and repairs are expensed as incurred.
    		    
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.