FreightCar America Inc. (RAIL) Financial Statements (2024 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)

3/31/2024
MRQ
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    1823,7694,952
Receivables9,97217,51449,38713,9108,00520,264
Inventory, net of allowances, customer advances and progress billings125,02264,31756,01238,83125,09264,562
Inventory125,02264,31756,01238,83125,09264,562
Prepaid expense4,8675,4705,0873,625  
Disposal group, including discontinued operation 3,675 10,383  
Other current assets     7,5705,012
Other undisclosed current assets40,56037,91226,24054,04765,24343,024
Total current assets:180,421128,888136,726120,978109,679155,833
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization40,27733,093   
Operating lease, right-of-use asset2,8261,59616,66918,15256,507
Property, plant and equipment31,25823,24818,23619,64238,56445,317
Intangible assets, net (including goodwill)      21,521
Goodwill      21,521
Other noncurrent assets1,8351,5898,8733,0371,5522,311
Other undisclosed noncurrent assets 2,84211,32420,16020,93338,90064,755
Total noncurrent assets:79,03870,85063,93861,764135,523133,904
TOTAL ASSETS:259,459199,738200,664182,742245,202289,737
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities84,41749,29042,74821,29914,92336,388
Employee-related liabilities1,5632,6453,2101,639
Accounts payable84,41748,44941,18518,65411,71334,749
Accrued liabilities  841    
Deferred revenue   3,3004,3515,123
Debt30,79341,347 17,60514,960 
Deferred rent credit      6,466
Estimated litigation liability   756   
Other liabilities13,7116,5395,7116,3192,4281,324
Due to related parties3,3938,870   
Contract with customer, liability3,000
Other undisclosed current liabilities8,4405,4167,93521,57511,99614,872
Total current liabilities:137,361105,98569,32071,14949,43062,050
Noncurrent Liabilities
Long-term debt and lease obligation41,27384,73996,10156,21763,966 
Long-term debt, excluding current maturities  51,49479,48437,66810,200 
Finance lease, liability41,27333,245   
Liabilities, other than long-term debt6,7726,5703,1699,6469,93027,136
Deferred rent credit      15,519
Liability, pension and other postretirement and postemployment benefits1,0461,040357,0466,93010,816
Other liabilities2,5623,7503,1342,6003,000801
Operating lease, liability3,1641,78016,61718,54953,766
Other undisclosed noncurrent liabilities36,80131,02833,73015,2334,7226,941
Total noncurrent liabilities:84,846122,337133,00081,09678,61834,077
Total liabilities:222,207228,322202,320152,245128,04896,127
Equity
Equity, attributable to parent(46,206)(28,584)(1,656)30,497117,209193,610
Common stock210203190159127127
Treasury stock, value    (1,344)(989)(9,721)
Additional paid in capital94,06789,10483,74282,06483,02790,593
Accumulated other comprehensive income (loss)2,3651,022(5,522)(11,763)(10,780)(8,188)
Retained earnings (accumulated deficit)(142,848)(118,913)(80,066)(38,619)45,824120,799
Equity, attributable to noncontrolling interest     (55) 
Total equity:(46,206)(28,584)(1,656)30,497117,154193,610
Other undisclosed liabilities and equity83,458     
TOTAL LIABILITIES AND EQUITY:259,459199,738200,664182,742245,202289,737

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues358,093364,754203,050108,447229,958316,519
Cost of revenue(316,330)(338,931)(191,592)(121,949)(244,258)(320,146)
Gross profit:41,76325,82311,458(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)2,4268175768581,848
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)  
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    1,65555 
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)

3/31/2024
TTM
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)1,3436,5446,241(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    1,65555 
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.

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