Triton International Ltd (TRTNPE) Financial Statements (2025 and earlier)

Company Profile

Business Address VICTORIA PLACE, 5TH FLOOR
HAMILTON, HM 10
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 7359 - Equipment Rental and Leasing, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2024
MRQ
12/31/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments57,77683,227106,16861,51262,29548,950
Cash and cash equivalents57,77683,227106,16861,51262,29548,950
Asset, held-for-sale, not part of disposal group185,502138,50648,74667,311114,50466,453
Total current assets:243,278221,733154,914128,823176,799115,403
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization8,768,9179,530,39610,201,113  
Operating lease, right-of-use asset10,0933,1455,0995,062 
Intangible assets, net (including goodwill)(57,866)(48,552)(27,558)5,54050,520124,058
Goodwill236,665236,665236,665236,665236,665236,665
Intangible assets, net (excluding goodwill) (294,531)(285,217)(264,223)(231,125)(186,145)(112,607)
Total noncurrent assets:8,721,1449,484,98910,178,65410,60250,520124,058
Other undisclosed assets2,268,4462,402,5362,310,2709,573,1089,415,31410,030,552
TOTAL ASSETS:11,232,86812,109,25812,643,8389,712,5339,642,63310,270,013
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 99 6191,3311,48910,820
Taxes payable6191,3311,48910,820
Accrued liabilities 99     
Total current liabilities: 99 6191,3311,48910,820
Noncurrent Liabilities
Liabilities, other than long-term debt415,901411,628376,009327,431  
Deferred income tax liabilities415,901411,628376,009327,431 
Total noncurrent liabilities:415,901411,628376,009327,431  
Other undisclosed liabilities7,879,8708,493,2679,202,4986,817,8237,108,9077,933,984
Total liabilities:8,295,8708,904,8959,579,1267,146,5857,110,3967,944,804
Equity
Equity, attributable to parent, including:2,936,9983,204,3633,064,7122,565,9482,532,2372,203,696
Treasury stock, value  (1,077,559)(522,360)(436,822)(278,510)(58,114)
Additional paid in capital(308,114)909,911904,224905,323902,725896,811
Accumulated other comprehensive income (loss)85,569109,269(48,819)(133,035)(31,633)14,563
Retained earnings2,428,5312,531,9282,000,8541,674,6701,533,8451,349,627
Other undisclosed equity, attributable to parent 731,012730,814730,813555,812405,810809
Equity, attributable to noncontrolling interest      121,513
Other undisclosed equity      
Total equity:2,936,9983,204,3633,064,7122,565,9482,532,2372,325,209
TOTAL LIABILITIES AND EQUITY:11,232,86812,109,25812,643,8389,712,5339,642,63310,270,013

Income Statement (P&L) ($ in thousands)

9/30/2024
TTM
12/31/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues80,524147,874142,96985,78083,99383,039
Operating leases, income statement, lease revenue1,328,756
Operating lease, lease income1,089,3491,564,4861,480,495  
Cost of revenue(583,294)(677,218)(653,100)(635,818)(577,705)(523,189)
Cost of goods and services sold(73,033)(131,870)(108,870)(70,981)(69,485)(64,118)
Other undisclosed gross profit510,261545,348544,230564,837508,220459,071
Gross profit:7,49116,00434,09914,79914,50818,921
Operating expenses(67,116)(89,909)(86,844)(83,300)(113,957)(150,165)
Other undisclosed operating income635,2701,118,133987,840709,862796,605883,444
Operating income:575,6451,044,228935,095641,361697,156752,200
Nonoperating expense(175,721)(226,499)(354,498)(273,342)(316,326)(324,887)
Interest and debt expense(176,211)(1,933)(133,853)(24,734)(2,543)(6,090)
Other undisclosed income from continuing operations before equity method investments, income taxes    24,7342,5436,090
Income from continuing operations before equity method investments, income taxes:223,713815,796446,744368,019380,830427,313
Other undisclosed income from continuing operations before income taxes176,2111,933133,853   
Income from continuing operations before income taxes:399,924817,729580,597368,019380,830427,313
Income tax expense(38,648)(70,807)(50,357)(38,240)(27,551)(70,641)
Income from continuing operations:361,276746,922530,240329,779353,279356,672
Income before gain (loss) on sale of properties:530,240329,779353,279356,672
Net income:361,276746,922530,240329,779353,279356,672
Net loss attributable to noncontrolling interest     (592)(7,117)
Other undisclosed net income attributable to parent     5927,117
Net income attributable to parent:361,276746,922530,240329,779353,279356,672
Preferred stock dividends and other adjustments(39,084)(52,112)(45,740)(41,362)(13,646) 
Other undisclosed net loss available to common stockholders, basic     (592)(7,117)
Net income available to common stockholders, diluted:322,192694,810484,500288,417339,041349,555

Comprehensive Income ($ in thousands)

9/30/2024
TTM
12/31/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:361,276746,922530,240329,779353,279356,672
Other comprehensive income (loss)23,881158,08884,216(101,402) (9,350)
Comprehensive income:385,157905,010614,456228,377353,279347,322
Comprehensive loss, net of tax, attributable to noncontrolling interest     (592)(7,117)
Other undisclosed comprehensive loss, net of tax, attributable to parent     (59,842) 
Comprehensive income, net of tax, attributable to parent:385,157905,010614,456228,377292,845340,205

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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