TRITON Investment and Financial Performance
EXCEPTIONAL CURRENT FINANCIAL PERFORMANCE (*)
T TRITON
(In thousands, except earnings per share)
Total leasing revenues
Trading margin
Net gain on sale of leasing equipment
Depreciation and amortization
Interest and debt expense
Q2 '21
Q1'21
% Change
Q2 '20
% Change
$ 369,784 $ 346,743
6.6% $ 321,397
15.1%
10,726
31,391
8,141
31.8%
2,020
431.0%
21,967
42.9%
4,537
591.9%
154,056
143,307
7.5%
133,292
15.6%
60,004
54,623
9.9%
66,874
(10.3%)
Total ownership costs
Direct operating expenses
Administrative expenses
Provision (reversal) for doubtful accounts
Other (income) expense, net
Adjusted pretax income (1)
214,060
197,930
8.1%
200,166
6.9%
6,337
9,370
(32.4%)
29,619
(78.6%)
22,979
20,921
9.8%
20,472
12.2%
(26)
(2,464)
(98.9%)
374
(107.0%)
(261)
(481)
(45.7%)
36
(825.0%)
168,812
151,575
11.4%
77,287
118.4%
Income tax expense
Adjusted net income
14,110
12,380
14.0%
6,772
108.4%
(1)(2)
$
Less: dividend on preferred shares
Adjusted net income attributable to common shareholders
(1)(2)
$
154,702 $ 139,195
10,513
144,189 $ 128,682
11.1% $
70,515
119.4%
10,513
0.0%
10,513
0.0%
12.1% $
60,002
140.3%
Adjusted net income per common share
2.14 $
1.91
12.0% $
0.86
148.8%
Weighted average number of common shares outstanding - diluted
67,282
67,217
0.1%
69,536
(3.2%)
Return on equity
26.6%
25.0%
12.2%
(*) Adjusted net income is a non-GAAP financial measure. See Appendix.
(1) Excludes debt termination expense, and net unrealized loss or gains on derivative instruments.
(2) Excludes foreign income tax adjustment and tax benefit from vesting of restricted shares.
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