TRITON INTERNATIONAL LTD filed this 6-K on 05/02/2025
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TRITON INTERNATIONAL LTD - 6-K - 20250502 - BALANCE_SHEET
ITEM 1. CONSOLIDATED FINANCIAL STATEMENTS
TRITON INTERNATIONAL LIMITED
CONSOLIDATED BALANCE SHEETS
(In thousands, except share data)
(Unaudited)
March 31, 2025December 31, 2024
ASSETS:  
Leasing equipment, net of accumulated depreciation of $3,569,054 and $4,776,485
$6,721,587 $8,639,136 
Net investment in finance leases1,552,517 1,585,812 
Equipment held for sale115,043 101,696 
Revenue earning assets8,389,147 10,326,644 
Cash and cash equivalents33,096 58,227 
Restricted cash73,587 111,489 
Accounts receivable, net of allowances of $1,447 and $1,317
188,730 232,420 
Goodwill236,665 236,665 
Other assets33,428 33,782 
Fair value of derivative instruments78,882 104,176 
Total assets$9,033,535 $11,103,403 
LIABILITIES AND SHAREHOLDERS' EQUITY:  
Equipment purchases payable$14,938 $4,855 
Fair value of derivative instruments 215 697 
Deferred revenue164,064 184,760 
Accounts payable and other accrued expenses115,041 87,694 
Net deferred income tax liability401,828 410,524 
Debt, net of unamortized costs of $38,177 and $48,743
5,942,422 7,605,720 
Total liabilities6,638,508 8,294,250 
Shareholders' equity:  
Preferred shares, $0.01 par value, at liquidation preference
880,000 730,000 
Common shares, $0.01 par value, 250,000,000 shares authorized, 101,158,891 shares issued and outstanding
1,012 1,012 
Undesignated shares, $0.01 par value, 20,800,000 shares authorized, no shares issued and outstanding
— — 
Additional paid-in capital (deficit)888,798 (304,274)
Accumulated earnings555,720 2,289,072 
Accumulated other comprehensive income (loss)69,497 93,343 
Total shareholders' equity2,395,027 2,809,153 
Total liabilities and shareholders' equity$9,033,535 $11,103,403 
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