TRITON INTERNATIONAL LTD filed this 6-K on 11/06/2025
TRITON INTERNATIONAL LTD - 6-K - 20251106 - INCOME_STATEMENT
TRITON INTERNATIONAL LIMITED
CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands)
(Unaudited)
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Revenues:  
Operating lease revenues$297,717 $363,787 $930,877 $1,060,968 
Finance lease revenues29,754 27,532 82,467 80,625 
Management fee revenues6,367 — 13,412 — 
Total revenues333,838 391,319 1,026,756 1,141,593 
Equipment trading revenues16,943 11,493 45,269 35,610 
Equipment trading expenses(16,297)(10,440)(43,275)(32,258)
Trading margin646 1,053 1,994 3,352 
Net gain (loss) on sale of leasing equipment3,167 17,435 21,722 (6,061)
Operating expenses:
Depreciation and amortization89,233 134,952 296,961 406,569 
Direct operating expenses15,765 13,527 45,348 53,306 
Administrative expenses31,426 22,862 79,839 68,683 
Transaction and other costs — 5,095 — 26,746 
Provision (reversal) for doubtful accounts(2)(53)2,504 (1,543)
Total operating expenses136,422 176,383 424,652 553,761 
Operating income (loss)201,229 233,424 625,820 585,123 
Other (income) expenses:
Interest and debt expense69,860 67,404 196,880 190,242 
Other (income) expense, net267 (56)(5)(134)
Total other (income) expenses70,127 67,348 196,875 190,108 
Income (loss) before income taxes131,102 166,076 428,945 395,015 
Income tax expense (benefit)13,773 15,423 41,119 41,383 
Net income (loss)$117,329 $150,653 $387,826 $353,632 
Less: dividends on preferred shares15,888 13,028 46,520 39,084 
Net income (loss) attributable to common shareholder$101,441 $137,625 $341,306 $314,548