TRITON INTERNATIONAL LTD filed this 6-K on 08/01/2025
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TRITON INTERNATIONAL LTD - 6-K - 20250801 - INCOME_STATEMENT
TRITON INTERNATIONAL LIMITED
CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands)
(Unaudited)
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Revenues:  
Operating lease revenues$276,765 $350,965 $633,160 $697,181 
Finance lease revenues26,068 28,024 52,713 53,093 
Management fee revenues7,045 — 7,045 — 
Total revenues309,878 378,989 692,918 750,274 
Equipment trading revenues16,411 13,971 28,326 24,117 
Equipment trading expenses(15,657)(12,049)(26,978)(21,818)
Trading margin754 1,922 1,348 2,299 
Net gain (loss) on sale of leasing equipment7,861 (38,118)18,555 (23,496)
Operating expenses:
Depreciation and amortization79,368 135,536 207,728 271,617 
Direct operating expenses14,764 17,032 29,583 39,779 
Administrative expenses24,287 24,012 48,413 45,821 
Transaction and other costs — 16,139 — 21,651 
Provision (reversal) for doubtful accounts2,201 (1,956)2,506 (1,490)
Total operating expenses120,620 190,763 288,230 377,378 
Operating income (loss)197,873 152,030 424,591 351,699 
Other (income) expenses:
Interest and debt expense58,891 61,386 127,020 122,838 
Other (income) expense, net(195)55 (272)(78)
Total other (income) expenses58,696 61,441 126,748 122,760 
Income (loss) before income taxes139,177 90,589 297,843 228,939 
Income tax expense (benefit)13,453 13,153 27,346 25,960 
Net income (loss)$125,724 $77,436 $270,497 $202,979 
Less: dividends on preferred shares15,888 13,028 30,632 26,056 
Net income (loss) attributable to common shareholder$109,836 $64,408 $239,865 $176,923 
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