Strong Position in Growing Market
RECONCILIATION OF NON-GAAP FINANCIAL INFORMATION
T TRITON
(In thousands, except earnings per share)
Net income attributable to common shareholders
Add (subtract):
Debt termination expense & unrealized (gain) loss on
derivative instruments, net
State and other income tax adjustments
Q2'20
Q3'20
$
60,075
$
45,946 $
Q4'20
115,185 $
2020 Total
Q1'21
Q2'21
288,417
$
129,325 $
54,704
12
21,140
358
21,804
89,485
(85)
2,341
(866)
1,390
Tax adjustments related to intra-entity asset transfer
8,629
8,629
Tax benefit from vesting of restricted shares
(390)
(643)
Adjusted net income attributable to common shareholders
$
60,002 $
78,056 $
114,677
$
319,850
$
128,682
$
144,189
Adjusted net income per common share - Diluted
$
0.86 $
1.14 $
1.70
$
4.61
$
1.91
$
2.14
Q2'20
Q3'20
Q4'20
2020 Total
Q1'21
Q2 '21
Adjusted net income
(1)
Annualized adjusted net income
Beginning Shareholders' equity
Ending Shareholders' equity
Average common shareholders' equity
(2)
Return on equity
$
60,002 $
78,056 $
114,677
$
319,850
$ 128,682 $
144,189
240,667
309,679
454,969
319,850
521,877
578,340
1,995,250
1,953,950
1,963,889
1,953,950
1,963,889 2,010,948
2,127,237
2,010,948
2,010,948
2,169,318
$ 1,974,600 $ 1,958,920 $ 1,987,419 $ 2,010,255
2,169,318
2,172,077
$ 2,090,133 $ 2,170,698
12.2%
15.8%
22.9%
15.9%
25.0%
26.6%
(1) Annualized Adjusted net income was calculated based on calendar days per quarter.
(2) Average Shareholders' equity was calculated using the quarter's beginning and ending Shareholder's equity for the three-month ended periods. Average
Shareholders' equity for the full year was calculated using the ending Shareholder's equity for each quarter and the previous year-end. Average shareholders'
equity excludes preferred shares.
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