CAI International Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2015. For the quarter, the company reported total revenue of $65,692,000 against $58,810,000 a year ago. Operating loss was $2,600,000 against operating income of $27,215,000 a year ago. Net loss before income taxes and non-controlling interest was $11,963,000 against net income before income taxes and non-controlling interest of $18,561,000 a year ago. Net loss attributable to company was $12,582,000 or $0.62 per diluted share against net income of $16,162,000 or $0.69 per share a year ago. Adjusted net income attributable to company was $10,514,000 or $0.52 per diluted share against $15,923,000 or $0.75 per share a year ago.

For the year, the company reported total revenue of $249,667,000 against $227,589,000 a year ago. Operating income was $67,440,000 against $103,554,000 a year ago. Net income before income taxes and non-controlling interest was $31,224,000 against $67,576,000 a year ago. Net income attributable to company was $26,838,000 or $1.28 per diluted share against $60,274,000 or $2.85 per share a year ago. Net cash provided by operating activities was $147,369,000 against $139,687,000 a year ago. Purchase of furniture, fixtures and equipment was $83,000 against $28,000 a year ago. Adjusted net income attributable to company was $50,464,000 or $2.40 per diluted share against $59,109,000 or $2.79 per share a year ago. The net cash flow amount or free cash flow was 126 million.

The company expects an effective rate of approximately 11% for the year 2016.