Triton international ltd (TRTN)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16
Cash flows from operating activities:
Net income (loss)

337,504

353,279

340,935

345,961

366,618

356,672

494,910

458,827

400,088

353,526

169,488

60,812

20,453

-5,785

0

0

0

Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation, Depletion and Amortization

534,217

536,131

542,798

550,768

549,314

545,138

535,832

523,076

513,273

500,720

490,559

474,287

431,328

392,592

0

0

0

Amortization of deferred debt cost and other debt related amortization

12,800

12,806

14,653

15,227

15,493

15,005

13,286

13,267

14,024

13,401

12,745

10,023

7,159

5,934

0

0

0

Lease related amortization

36,726

41,926

47,627

56,388

62,520

70,275

77,329

83,416

88,658

92,787

100,236

102,632

79,677

55,539

0

0

0

Share-based compensation expense

8,787

9,000

8,800

8,800

8,318

9,000

8,509

8,002

7,043

5,600

5,556

6,409

5,098

5,399

0

0

0

Gain (Loss) on Sale of Leased Assets, Net, Operating Leases

22,649

27,041

30,183

31,042

34,628

35,377

38,127

41,335

39,869

35,812

20,802

-1,780

-13,349

-20,347

0

0

0

Gain (Loss) on Derivative Instruments, Net, Pretax

-2,400

-3,100

-4,200

-4,000

-2,586

-400

2,320

1,991

1,088

1,400

9,728

13,843

10,499

4,405

0

0

0

Debt termination expense

2,531

2,500

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

25,570

27,181

50,716

56,431

64,282

66,467

-88,414

-87,838

-91,970

-94,678

34,336

15,848

5,519

-809

0

0

0

Changes in operating assets and liabilities:
Accounts receivable

-8,975

-54,171

21,939

22,289

22,893

65,385

23,479

34,695

769

5,967

21,458

1,415

9,532

1,602

0

0

0

Accounts payable and other accrued expenses

-14,167

3,963

-17,562

-5,901

-11,654

-13,829

-9,673

-33,794

-37,580

-42,402

-52,183

-9,209

3,194

10,694

0

0

0

Net equipment sold for resale activity

-6,401

3,837

-1,892

-828

5,959

2,341

2,502

3,113

-12,529

-8,821

-6,728

-4,279

4,862

-4,031

0

0

0

Cash collections on finance lease receivables, net of income earned

71,770

73,429

72,914

68,454

66,726

64,372

60,691

60,318

59,864

60,673

61,481

60,692

50,361

38,650

0

0

0

Other assets

24,424

2,385

12,179

13,127

2,363

1,559

-1,839

-2,503

-1,833

-3,065

177

-747

627

-2,149

0

0

0

Net cash provided by (used in) operating activities

964,135

1,061,906

1,009,544

1,040,850

1,043,718

994,222

1,056,863

965,201

950,762

867,468

721,496

652,356

540,361

484,188

0

0

0

Cash flows from investing activities:
Payments to Acquire Productive Assets

258,595

240,170

416,823

869,486

1,388,820

1,603,507

1,724,584

1,781,397

1,555,825

1,562,863

1,430,074

1,230,707

851,946

629,332

0

0

0

Proceeds from sale of equipment, net of selling costs

216,847

217,296

204,189

186,416

174,318

163,256

176,197

184,048

194,641

190,744

179,843

174,891

148,092

145,572

0

0

0

Other

328

86

302

226

189

160

115

64

-515

-55

252

56

734

685

0

0

0

Net cash provided by (used in) investing activities

-42,836

-23,720

-212,936

-683,296

-1,187,061

-1,412,781

-1,566,018

-1,599,736

-1,376,249

-1,372,064

-1,189,002

-944,831

-603,878

-395,446

0

0

0

Cash flows from financing activities:
Issuance of preferred shares, net of underwriting discount

62,217

0

221,790

221,790

83,058

0

-1

192,931

192,931

192,931

0

0

0

-

-

-

-

Purchases of treasury shares

270,145

222,236

-153,318

-100,801

-25,992

56,274

0

0

0

-

-

-

-

-

-

-

-

Redemption of common shares for withholding taxes

-6,844

-5,666

-5,934

-1,541

-1,541

-1,385

0

0

0

-

-

-

-

-

-

-

-

Debt issuance costs

6,789

8,751

15,792

15,463

16,561

19,575

14,248

24,217

31,953

34,494

33,574

21,330

13,883

6,554

0

0

0

Borrowings under debt facilities

2,102,200

1,697,200

3,342,200

3,768,652

3,658,427

4,043,637

2,438,637

2,937,928

3,224,782

3,102,825

3,077,096

2,200,153

1,042,724

661,971

0

0

0

Payments under debt facilities and finance lease obligations

2,740,743

2,608,960

3,841,428

3,857,872

3,258,490

3,435,041

1,769,249

2,408,920

2,749,077

2,539,711

2,570,864

1,594,635

755,665

602,152

0

0

0

Dividends paid on preferred shares

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Dividends paid on common shares

150,544

153,861

163,781

163,444

164,708

160,289

155,251

146,811

138,382

135,557

132,718

151,136

117,935

84,752

0

0

0

Distributions to noncontrolling interests

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

(Increase) decrease in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Purchase of noncontrolling interests

-68,922

2,078

9,101

13,481

85,897

19,146

16,740

16,924

18,241

18,890

19,820

21,588

22,670

24,732

0

0

0

Payments to Acquire Limited Partnership Interests

-

-

-

-

-

0

0

0

0

-

-

-

-

-

-

-

-

Other

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

-578,036

-1,028,753

-840,951

-377,747

73,670

351,927

481,143

533,336

479,409

567,275

487,164

402,774

124,427

-63,629

0

0

0

Net increase (decrease) in cash, cash equivalents and restricted cash

343,263

9,433

-44,343

-20,193

-69,673

-66,632

-28,012

-101,199

53,922

62,679

19,658

110,299

60,910

25,113

0

0

0

Supplemental disclosures:
Interest paid

294,516

306,827

319,283

321,031

318,362

308,827

299,097

290,248

326,123

269,601

0

0

0

-

-

-

-

Income taxes paid (refunded)

-911

-895

5,151

6,159

4,395

4,484

0

0

0

-

-

-

-

-

-

-

-

Right-of-use asset for leased property

-673

7,616

7,206

7,862

8,289

0

0

0

0

-

-

-

-

-

-

-

-