TRITON INTERNATIONAL LTD filed this 6-K on 11/06/2025
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TRITON INTERNATIONAL LTD - 6-K - 20251106 - BALANCE_SHEET
ITEM 1. CONSOLIDATED FINANCIAL STATEMENTS
TRITON INTERNATIONAL LIMITED
CONSOLIDATED BALANCE SHEETS
(In thousands, except share data)
(Unaudited)
September 30, 2025December 31, 2024
ASSETS:  
Leasing equipment, net of accumulated depreciation of $3,578,615 and $4,776,458
$7,440,129 $8,639,136 
Net investment in finance leases1,719,540 1,585,812 
Equipment held for sale161,753 101,696 
Revenue earning assets9,321,422 10,326,644 
Cash and cash equivalents50,182 58,227 
Restricted cash116,301 111,489 
Accounts receivable, net of allowances of $1,523 and $1,317
210,276 232,420 
Goodwill236,665 236,665 
Other assets43,986 33,782 
Fair value of derivative instruments57,262 104,176 
Total assets$10,036,094 $11,103,403 
LIABILITIES AND SHAREHOLDERS' EQUITY:  
Equipment purchases payable$15,264 $4,855 
Fair value of derivative instruments 5,222 697 
Deferred revenue131,675 184,760 
Accounts payable and other accrued expenses130,030 87,694 
Net deferred income tax liability415,123 410,524 
Debt, net of unamortized costs of $39,273 and $48,743
6,759,865 7,605,720 
Total liabilities7,457,179 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, 14,800,000 and 20,800,000 shares authorized, no shares issued and outstanding
— — 
Additional paid-in capital (deficit)892,452 (304,274)
Accumulated earnings762,368 2,289,072 
Accumulated other comprehensive income (loss)43,083 93,343 
Total shareholders' equity2,578,915 2,809,153 
Total liabilities and shareholders' equity$10,036,094 $11,103,403 
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