TRITON INTERNATIONAL LTD filed this 20-F on 02/28/2025
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TRITON INTERNATIONAL LTD - 20-F - 20250228 - INCOME_STATEMENT
TRITON INTERNATIONAL LIMITED
CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands)
Year Ended December 31, 2024Year Ended December 31, 2023Year Ended December 31, 2022
Leasing revenues:  
Operating leases$1,426,947 $1,438,504 $1,564,486 
Finance leases107,889 105,288 115,200 
Total leasing revenues1,534,836 1,543,792 1,679,686 
Equipment trading revenues48,637 95,998 147,874 
Equipment trading expenses(44,341)(88,099)(131,870)
Trading margin4,296 7,899 16,004 
Net gain (loss) on sale of leasing equipment12,369 58,615 115,665 
Operating expenses: 
Depreciation and amortization541,468 575,551 634,837 
Direct operating expenses66,389 101,552 42,381 
Administrative expenses91,201 88,839 93,011 
Transaction and other costs 26,986 79,000 — 
Provision (reversal) for doubtful accounts(1,192)(3,369)(3,102)
Total operating expenses724,852 841,573 767,127 
Operating income (loss)826,649 768,733 1,044,228 
Other (income) expenses: 
Interest and debt expense259,941 240,838 226,091 
Unrealized (gain) loss on derivative instruments, net40 (15)(343)
Debt termination expense87 — 1,933 
Other (income) expense, net(417)(643)(1,182)
Total other (income) expenses259,651 240,180 226,499 
Income (loss) before income taxes566,998 528,553 817,729 
Income tax expense (benefit)48,803 54,464 70,807 
Net income (loss)$518,195 $474,089 $746,922 
Less: dividends on preferred shares52,112 52,112 52,112 
Net income (loss) attributable to common shareholder$466,083 $421,977 $694,810 
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