Triton International Ltd
For the period ended Mar 31, 2024. Filed May 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 8, 2024
TRTN-PA$24.74-0.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets as of March and December 31,
Consolidated Balance Sheets
(In thousands, except share data)
| March 31, 2024 | December 31,2023 | |
|---|---|---|
| ASSETS: | ||
| Leasing equipment, net of accumulated depreciation of $4,560,397 and $4,482,185 | $8,647,610 | $8,768,917 |
| Net investment in finance leases | 1,484,639 | 1,507,292 |
| Equipment held for sale | 166,212 | 185,502 |
| Revenue earning assets | 10,298,461 | 10,461,711 |
| Cash and cash equivalents | 51,736 | 57,776 |
| Restricted cash | 49,645 | 91,450 |
| Accounts receivable, net of allowances of $969 and $738 | 249,734 | 243,443 |
| Goodwill | 236,665 | 236,665 |
| Lease intangibles, net of accumulated amortization of $297,148 and $296,494 | 1,309 | 1,963 |
| Other assets | 41,138 | 44,254 |
| Fair value of derivative instruments | 120,174 | 95,606 |
| Total assets | $11,048,862 | $11,232,868 |
| LIABILITIES AND SHAREHOLDERS' EQUITY: | ||
| Equipment purchases payable | $32,620 | $31,597 |
| Fair value of derivative instruments | 1,625 | 1,827 |
| Deferred revenue | 242,345 | 259,023 |
| Accounts payable and other accrued expenses | 115,276 | 116,888 |
| Net deferred income tax liability | 416,126 | 415,901 |
| Debt, net of unamortized costs of $43,504 and $43,924 | 7,367,932 | 7,470,634 |
| Total liabilities | 8,175,924 | 8,295,870 |
| Shareholders' equity: | ||
| Preferred shares, $0.01 par value, at liquidation preference | 730,000 | 730,000 |
| Common shares, $0.01 par value, 270,000,000 shares authorized, 101,158,891 shares issued and outstanding | 1,012 | 1,012 |
| Undesignated shares, $0.01 par value, 800,000 shares authorized, no shares issued and outstanding | — | — |
| Additional paid-in capital (deficit) | (307,294) | (308,114) |
| Accumulated earnings | 2,340,133 | 2,428,531 |
| Accumulated other comprehensive income (loss) | 109,087 | 85,569 |
| Total shareholders' equity | 2,872,938 | 2,936,998 |
| Total liabilities and shareholders' equity | $11,048,862 | $11,232,868 |
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