Company: TRTN-PA
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001660734-25-000004
Chunk: 44

Company: Triton International Ltd
Filing Date: 2025-02-28
Form: 20-F
Item: Item 5
Chunk 44
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 not re-occur in 2024. In addition, net sales of Trading equipment was lower in the current year compared to prior year. These decreases were partially offset by higher profitability in the current period of $41.5 million and a $35.9 million increase in the change in accounts receivable due to the timing of payments.

Investing Activities

Net cash used in investing activities was $555.1 million in 2024 compared to net cash provided by investing activities of $144.3 million in 2023, a change of $699.4 million. The change was primarily due to a $721.2 million increase in the purchases of leasing equipment.

Financing Activities

Net cash used in financing activities decreased by $793.8 million to $537.8 million in 2024, compared to $1,331.6 million in 2023. The decrease was primarily due to a decrease in net debt repayments of $756.2 million and a decrease in capital distributions of $48.0 million in 2024.

C. Research and Development, Patents and Licenses, etc.

We do not carry out research and development activities and our business and profitability are not materially dependent upon any patents or licenses. The following items referred to in this Annual Report are registered or unregistered service marks in the United States and/or foreign jurisdictions pursuant to applicable intellectual property laws and are the property of Triton and its subsidiaries: Triton®, TAL®, and®.

D. Trend Information

Refer to Item 5, "Operating and Financial Review and Prospects" for a description of identifiable trends, demands, commitments, events or uncertainties that will result in, or that are reasonably likely to result in, our liquidity either increasing or decreasing at present or in the foreseeable future. Other than as disclosed elsewhere in this Annual Report, we are not aware of any trends, uncertainties, demands, commitments or events that are reasonably likely to have a material effect on our revenues, net income, profitability, liquidity or capital resources, or that would cause reported financial information not necessarily to be indicative of future operating results or financial condition.

E. Critical Accounting Estimates

Our Consolidated Financial Statements have been prepared in conformity with U. S. generally accepted accounting principles ("GAAP"), which requires us to make estimates and assumptions that affect the amounts and disclosures reported in the Consolidated Financial Statements and accompanying notes. We base our estimates and judgments on historical experience and on various other assumptions that we believe are reasonable under the circumstances. We evaluate