Triton Outlook and Market Fundamentals
Reconciliation of Non-GAAP Financial Measures:
Cash Flow Before Capex (Excluding Certain Items)
(In thousands)
FY2022
Income (loss) before income taxes
817,729
Add:
Unrealized loss (gain) on derivative instruments, net
(343)
Debt termination expense
1,933
Adjusted income before income taxes
819,319
Interest and debt expense
226,091
Depreciation and amortization
634,837
Adjusted EBITDA
1,680,247
Principal payments on finance leases
180,075
NBV of container disposals
181,072
Non-recurring cash flows (1)
(109,201)
Major cash in flows
1,932,193
Deduct:
Interest and debt expense
226,091
Cash taxes paid
47,010
Preferred stock dividends
52,112
Cash flow before capex (excluding certain items)
$
1,606,980
TRITON
(1) Includes non-recurring earnings and cash flows from large buyouts of finance leases and leases with purchase options.
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