TRITON INTERNATIONAL LTD filed this 6-K on 08/01/2025
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TRITON INTERNATIONAL LTD - 6-K - 20250801 - BALANCE_SHEET
ITEM 1. CONSOLIDATED FINANCIAL STATEMENTS
TRITON INTERNATIONAL LIMITED
CONSOLIDATED BALANCE SHEETS
(In thousands, except share data)
(Unaudited)
June 30, 2025December 31, 2024
ASSETS:  
Leasing equipment, net of accumulated depreciation of $3,575,780 and $4,776,458
$6,728,388 $8,639,136 
Net investment in finance leases1,526,511 1,585,812 
Equipment held for sale144,889 101,696 
Revenue earning assets8,399,788 10,326,644 
Cash and cash equivalents885,118 58,227 
Restricted cash94,763 111,489 
Accounts receivable, net of allowances of $1,533 and $1,317
187,740 232,420 
Goodwill236,665 236,665 
Other assets33,738 33,782 
Fair value of derivative instruments64,357 104,176 
Total assets$9,902,169 $11,103,403 
LIABILITIES AND SHAREHOLDERS' EQUITY:  
Equipment purchases payable$100,495 $4,855 
Fair value of derivative instruments 1,533 697 
Deferred revenue146,252 184,760 
Accounts payable and other accrued expenses122,223 87,694 
Net deferred income tax liability403,893 410,524 
Debt, net of unamortized costs of $38,976 and $48,743
6,643,031 7,605,720 
Total liabilities7,417,427 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)889,462 (304,274)
Accumulated earnings660,912 2,289,072 
Accumulated other comprehensive income (loss)53,356 93,343 
Total shareholders' equity2,484,742 2,809,153 
Total liabilities and shareholders' equity$9,902,169 $11,103,403 
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