FreightCar America, Inc. (RAIL) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
125 SOUTH WACKER DRIVE CHICAGO, IL 60606 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3743 - Railroad Equipment (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 18,019 | ||||||||
| Short-term investments | 18,019 | ||||||||
| Restricted cash and investments | 182 | 3,769 | 4,952 | ||||||
| Receivables | 9,972 | 17,514 | 49,387 | 13,910 | 8,005 | 20,264 | |||
| Inventory, net of allowances, customer advances and progress billings | 125,022 | 64,317 | 56,012 | 38,831 | 25,092 | 64,562 | |||
| Inventory | 125,022 | 64,317 | 56,012 | 38,831 | 25,092 | 64,562 | |||
| Prepaid expense | 4,867 | 5,470 | 5,087 | 3,625 | |||||
| Disposal group, including discontinued operation | 3,675 | 10,383 | |||||||
| Other current assets | 7,570 | 5,012 | |||||||
| Other undisclosed current assets | 40,560 | 37,912 | 26,240 | 54,047 | 65,243 | 43,024 | |||
| Total current assets: | 180,421 | 128,888 | 136,726 | 120,978 | 109,679 | 155,833 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 40,277 | 33,093 | ✕ | ||||||
| Operating lease, right-of-use asset | 2,826 | 1,596 | 16,669 | 18,152 | 56,507 | ✕ | |||
| Property, plant and equipment | 31,258 | 23,248 | 18,236 | 19,642 | 38,564 | 45,317 | |||
| Intangible assets, net (including goodwill) | 21,521 | ||||||||
| Goodwill | 21,521 | ||||||||
| Other noncurrent assets | 1,835 | 1,589 | 8,873 | 3,037 | 1,552 | 2,311 | |||
| Other undisclosed noncurrent assets | 2,842 | 11,324 | 20,160 | 20,933 | 38,900 | 64,755 | |||
| Total noncurrent assets: | 79,038 | 70,850 | 63,938 | 61,764 | 135,523 | 133,904 | |||
| TOTAL ASSETS: | 259,459 | 199,738 | 200,664 | 182,742 | 245,202 | 289,737 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 84,417 | 49,290 | 42,748 | 21,299 | 14,923 | 36,388 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | 1,563 | 2,645 | 3,210 | 1,639 | ||
| Accounts payable | 84,417 | 48,449 | 41,185 | 18,654 | 11,713 | 34,749 | |||
| Accrued liabilities | 841 | ||||||||
| Deferred revenue | 3,300 | 4,351 | 5,123 | ✕ | |||||
| Debt | 30,793 | 41,347 | 17,605 | 14,960 | |||||
| Deferred rent credit | 6,466 | ||||||||
| Estimated litigation liability | 756 | ||||||||
| Other liabilities | 13,711 | 6,539 | 5,711 | 6,319 | 2,428 | 1,324 | |||
| Due to related parties | ✕ | ✕ | 3,393 | 8,870 | |||||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 3,000 | ||
| Other undisclosed current liabilities | 8,440 | 5,416 | 7,935 | 21,575 | 11,996 | 14,872 | |||
| Total current liabilities: | 137,361 | 105,985 | 69,320 | 71,149 | 49,430 | 62,050 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 41,273 | 84,739 | 96,101 | 56,217 | 63,966 | ||||
| Long-term debt, excluding current maturities | 51,494 | 79,484 | 37,668 | 10,200 | |||||
| Finance lease, liability | 41,273 | 33,245 | ✕ | ||||||
| Liabilities, other than long-term debt | 6,772 | 6,570 | 3,169 | 9,646 | 9,930 | 27,136 | |||
| Deferred rent credit | 15,519 | ||||||||
| Liability, pension and other postretirement and postemployment benefits | 1,046 | 1,040 | 35 | 7,046 | 6,930 | 10,816 | |||
| Other liabilities | 2,562 | 3,750 | 3,134 | 2,600 | 3,000 | 801 | |||
| Operating lease, liability | 3,164 | 1,780 | 16,617 | 18,549 | 53,766 | ✕ | |||
| Other undisclosed noncurrent liabilities | 36,801 | 31,028 | 33,730 | 15,233 | 4,722 | 6,941 | |||
| Total noncurrent liabilities: | 84,846 | 122,337 | 133,000 | 81,096 | 78,618 | 34,077 | |||
| Total liabilities: | 222,207 | 228,322 | 202,320 | 152,245 | 128,048 | 96,127 | |||
| Equity | |||||||||
| Equity, attributable to parent | (46,206) | (28,584) | (1,656) | 30,497 | 117,209 | 193,610 | |||
| Common stock | 210 | 203 | 190 | 159 | 127 | 127 | |||
| Treasury stock, value | (1,344) | (989) | (9,721) | ||||||
| Additional paid in capital | 94,067 | 89,104 | 83,742 | 82,064 | 83,027 | 90,593 | |||
| Accumulated other comprehensive income (loss) | 2,365 | 1,022 | (5,522) | (11,763) | (10,780) | (8,188) | |||
| Retained earnings (accumulated deficit) | (142,848) | (118,913) | (80,066) | (38,619) | 45,824 | 120,799 | |||
| Equity, attributable to noncontrolling interest | (55) | ||||||||
| Total equity: | (46,206) | (28,584) | (1,656) | 30,497 | 117,154 | 193,610 | |||
| Other undisclosed liabilities and equity | 83,458 | ||||||||
| TOTAL LIABILITIES AND EQUITY: | 259,459 | 199,738 | 200,664 | 182,742 | 245,202 | 289,737 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 358,093 | 364,754 | 203,050 | 108,447 | 229,958 | 316,519 | ||
| Cost of revenue | (316,330) | (338,931) | (191,592) | (121,949) | (244,258) | (320,146) | ||
| Gross profit: | 41,763 | 25,823 | 11,458 | (13,502) | (14,300) | (3,627) | ||
| Operating expenses | (27,489) | (28,227) | (34,062) | (48,140) | (60,673) | (29,051) | ||
| Other undisclosed operating income (loss) | (3,782) | (12,620) | (18,951) | (629) | 573 | |||
| Operating income (loss): | 10,492 | (15,024) | (22,604) | (80,593) | (75,602) | (32,105) | ||
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | (440) | 2,426 | 817 | 576 | 858 | 1,848 | ||
| Interest and debt expense | (14,880) | (1,355) | 10,122 | (609) | (155) | |||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (5,882) | |||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (4,828) | (13,953) | (11,665) | (85,899) | (75,353) | (30,412) | ||
| Other undisclosed loss from continuing operations before income taxes | (17,260) | (22,582) | (28,369) | |||||
| Loss from continuing operations before income taxes: | (22,088) | (36,535) | (40,034) | (85,899) | (75,353) | (30,412) | ||
| Income tax expense (benefit) | (1,501) | (2,312) | (1,413) | (199) | 115 | (10,169) | ||
| Loss from continuing operations: | (23,589) | (38,847) | (41,447) | (86,098) | (75,238) | (40,581) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (41,447) | (86,098) | (75,238) | (40,581) | |
| Net loss: | (23,589) | (38,847) | (41,447) | (86,098) | (75,238) | (40,581) | ||
| Net income attributable to noncontrolling interest | 1,655 | 55 | ||||||
| Net loss attributable to parent: | (23,589) | (38,847) | (41,447) | (84,443) | (75,183) | (40,581) | ||
| Other undisclosed net loss available to common stockholders, basic | (9,983) | |||||||
| Net loss available to common stockholders, diluted: | (33,572) | (38,847) | (41,447) | (84,443) | (75,183) | (40,581) | ||
Comprehensive Income ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (23,589) | (38,847) | (41,447) | (86,098) | (75,238) | (40,581) | ||
| Other comprehensive income (loss) | 1,343 | 6,544 | 6,241 | (983) | (2,592) | (621) | ||
| Comprehensive loss: | (22,246) | (32,303) | (35,206) | (87,081) | (77,830) | (41,202) | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 1,655 | 55 | ||||||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (1,655) | (55) | ||||||
| Comprehensive loss, net of tax, attributable to parent: | (22,246) | (32,303) | (35,206) | (87,081) | (77,830) | (41,202) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.