Triton International Ltd TRTN Income Statement

Triton international ltd (TRTN)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Sep'15
Leasing revenues:
Operating leases
312,804	321,626	326,800	328,370	330,422	347,110	346,461	324,954	310,231	308,751	296,669	276,160	259,585	253,096	242,899	156,367	160,995	173,685
Finance leases
8,664	9,550	9,868	10,196	10,437	8,247	3,617	4,817	4,866	5,105	5,451	5,779	6,017	6,451	4,890	1,966	2,030	2,034
Other revenues
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Operating and Capital Leases Income Statement Lease Revenue
321,468	331,176	336,668	338,566	340,859	355,357	350,078	329,771	315,097	313,856	302,120	281,939	265,602	259,547	247,789	158,333	163,025	175,719
Equipment trading revenues
15,380	17,160	25,796	23,209	17,828	26,273	25,292	18,099	13,375	7,206	11,974	12,755	5,484	6,598	9,820	0	0	0
Equipment trading expenses
13,447	14,885	21,646	18,713	14,241	20,147	19,482	14,105	10,384	6,111	10,605	11,427	5,092	6,212	9,588	0	0	0
Gross Profit
1,933	2,275	4,150	4,496	3,587	6,126	5,810	3,994	2,991	1,095	1,369	1,328	392	386	232	0	0	0
Net gain on sale of leasing equipment
4,077	4,857	6,196	7,519	8,469	7,999	7,055	11,105	9,218	10,749	10,263	9,639	5,161	-4,261	-12,319	-1,930	-1,837	-3,254
Net gain on sale of building
-	-	0	0	-	-	0	20,953	-	-	0	0	-	-	-	-	-	-
Operating expenses:
Depreciation, Depletion and Amortization
132,695	132,807	133,367	135,348	134,609	139,474	141,337	133,894	130,433	130,168	128,581	124,091	117,880	120,007	112,309	81,132	79,144	77,176
Direct operating expenses
23,248	23,718	20,457	18,097	16,802	15,594	11,489	10,195	11,048	11,495	13,833	15,609	21,954	29,959	27,815	12,015	14,467	12,886
Total revenues
15,380	17,160	25,796	23,209	17,828	26,273	25,292	18,099	13,375	-	11,974	12,755	-	-	-	-	-	-
Administrative expenses
19,225	19,196	18,496	19,988	18,187	19,711	19,966	20,774	19,582	21,341	21,233	22,068	22,967	20,483	17,456	13,166	14,513	12,166
Transaction and other costs
-	-	-	-	-	-	-	-	-29	5,932	32	836	2,472	398	59,570	3,537	3,411	2,429
Provision (reversal) for doubtful accounts
4,279	85	126	521	-142	-782	677	-25	-101	2,103	783	-113	574	1,103	22,372	-52	-119	11
Costs and Expenses
179,447	175,806	172,446	173,954	169,456	174,114	173,469	164,838	160,933	164,275	164,462	162,491	165,847	171,950	239,522	109,798	111,416	104,668
Operating income (loss)
148,031	162,502	174,568	176,627	183,459	195,368	189,474	200,985	166,373	161,425	149,290	130,415	105,308	83,722	-3,820	46,605	49,772	67,797
Other expenses:
Interest and debt expense
69,002	72,989	77,401	82,260	83,520	86,104	82,502	79,027	75,098	74,271	73,795	70,777	63,504	61,388	55,437	33,491	33,698	35,426
Realized (gain) loss on derivative instruments, net
235	325	539	669	704	724	608	492	248	2	-20	-283	-599	5,705	-864	-749	-654	-1,386
Unrealized (gain) loss on derivative instruments, net
-297	-314	-500	-1,300	-986	-1,386	-300	100	1,186	1,320	-629	-789	1,498	9,647	3,487	-4,133	-4,596	-4,159
Debt termination expense
31	42	1,900	558	0	-	1,300	503	-	2,884	4,073	43	0	-41	0	141	0	0
Other (income) expense, net
3,646	1,210	116	927	1,004	1,540	-492	585	659	1,085	-164	974	742	301	-214	756	233	-734
Total other expenses
-65,449	-71,919	-79,120	-82,489	-82,798	-89,484	-84,056	-78,342	-73,005	-74,724	-78,681	-70,918	-61,863	-52,611	-53,028	-37,758	-38,715	-41,705
Income (loss) before income taxes
82,582	90,583	95,448	94,138	100,661	105,884	105,418	122,643	93,368	86,701	70,609	59,497	43,445	31,111	-56,848	8,847	11,057	26,092
Income tax expense (benefit)
5,546	6,814	4,845	8,042	7,850	34,459	9,789	15,890	10,503	-122,962	11,063	11,483	7,142	5,487	-7,719	1,192	992	112
Net income (loss)
77,036	83,769	90,603	86,096	92,811	71,425	95,629	106,753	82,865	209,663	59,546	48,014	36,303	25,624	-49,129	7,655	10,065	25,980
Less: income (loss) attributable to noncontrolling interest
0	0	0	0	592	1,868	1,393	1,883	1,973	2,503	2,390	2,343	1,692	2,846	2,082	1,481	1,323	4,822
Less: dividend on preferred shares
9,825	6,608	4,708	2,025	305	0	0	0	0	-	-	-	-	-	-	-	-	-
Net income (loss) attributable to common shareholders
67,211	77,161	85,895	84,071	91,914	69,557	94,236	104,870	80,892	207,160	57,156	45,671	34,611	22,778	-51,211	6,174	8,742	21,158
Net income per common share—Basic
0.94	1.08	1.18	1.13	1.18	0.88	1.18	1.31	1.01	2.70	0.76	0.62	0.47	0.13	-0.74	0.15	0.22	0.53
Net income per common share—Diluted
0.94	1.08	1.17	1.12	1.17	0.88	1.17	1.30	1.00	2.68	0.75	0.62	0.47	0.13	-0.74	0.15	0.22	0.52
Common Stock, Dividends, Per Share, Cash Paid
0.52	0.52	0.52	0.52	0.52	0.52	0.52	0.52	0.45	0.45	0.45	0.45	0.45	0.45	0.90	0.00	0.00	0.00
Weighted average number of common shares outstanding—Basic
71,596	71,752	72,689	74,598	77,721	79,052	80,064	80,044	79,968	79,998	75,214	73,763	73,741	74,001	69,336	40,362	40,429	39,966
Dilutive restricted shares
202	314	560	617	549	449	664	611	604	837	493	414	292	0	0	0	0	998
Weighted average number of common shares outstanding—Diluted
71,798	72,066	73,249	75,215	78,270	79,501	80,728	80,655	80,572	80,835	75,707	74,177	74,033	74,001	69,336	40,362	40,429	40,964