TravelCenters of America Inc. (TA) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
24601 CENTER RIDGE ROAD WESTLAKE, OH 44145 |
| State of Incorp. | MD |
| Fiscal Year End | December 31 |
| Industry (SIC) | 55 - Automotive Dealers And Gasoline Service Stations (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 3/31/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 416 | 536 | 483 | 17 | 314 | 36 | |||
| Cash and cash equivalents | 416 | 536 | 483 | 17 | 314 | 36 | |||
| Receivables | 207 | 111 | 94 | 173 | 97 | 126 | |||
| Inventory, net of allowances, customer advances and progress billings | 272 | 192 | 173 | 197 | 197 | 210 | |||
| Inventory | 272 | 192 | 173 | 197 | 197 | 210 | |||
| Other current assets | 47 | 38 | 36 | 32 | 35 | 27 | |||
| Total current assets: | 942 | 877 | 786 | 420 | 644 | 399 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 1,577 | 1,660 | 1,735 | 1,818 | ✕ | ✕ | |||
| Property, plant and equipment | 999 | 831 | 802 | 869 | 629 | 1,001 | |||
| Intangible assets, net (including goodwill) | 52 | 33 | 34 | 46 | 48 | 128 | |||
| Goodwill | 37 | 22 | 22 | 25 | 25 | 94 | |||
| Intangible assets, net (excluding goodwill) | 14 | 11 | 12 | 21 | 23 | 34 | |||
| Other noncurrent assets | 83 | 107 | 88 | 79 | 122 | 90 | |||
| Total noncurrent assets: | 2,711 | 2,631 | 2,658 | 2,811 | 798 | 1,219 | |||
| TOTAL ASSETS: | 3,653 | 3,509 | 3,444 | 3,231 | 1,442 | 1,618 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 254 | 206 | 158 | 147 | 121 | 156 | |||
| Accounts payable | 254 | 206 | 158 | 147 | 121 | 156 | |||
| Debt | 5 | 4 | 104 | ||||||
| Accrued environmental loss contingencies | 2 | ||||||||
| Other liabilities | 216 | 195 | 176 | 138 | 126 | 130 | |||
| Other undisclosed current liabilities | 106 | 114 | 111 | 42 | 41 | ||||
| Total current liabilities: | 584 | 519 | 445 | 390 | 289 | 327 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 524 | 2,180 | 2,289 | 2,210 | 321 | 320 | |||
| Long-term debt, excluding current maturities | 524 | 525 | 525 | 329 | 321 | 320 | |||
| Liabilities, other than long-term debt | 1,672 | 106 | 69 | 59 | 29 | 35 | |||
| Other liabilities | 121 | 106 | 69 | 59 | 29 | 35 | |||
| Operating lease, liability | 1,551 | 1,655 | 1,763 | 1,880 | ✕ | ✕ | |||
| Other undisclosed noncurrent liabilities | 354 | 369 | |||||||
| Total noncurrent liabilities: | 2,196 | 2,286 | 2,358 | 2,268 | 703 | 723 | |||
| Total liabilities: | 2,780 | 2,806 | 2,803 | 2,658 | 992 | 1,051 | |||
| Equity | |||||||||
| Equity, attributable to parent | 873 | 703 | 641 | 571 | 449 | 566 | |||
| Common stock | 0 | 0 | 0 | 0 | 695 | 691 | |||
| Additional paid in capital | 792 | 786 | 782 | 698 | |||||
| Accumulated other comprehensive income (loss) | (0) | (0) | (0) | (0) | 0 | 1 | |||
| Retained earnings (accumulated deficit) | 82 | (83) | (141) | (127) | (247) | (125) | |||
| Equity, attributable to noncontrolling interest | 0 | 1 | 1 | 1 | |||||
| Total equity: | 873 | 703 | 641 | 573 | 450 | 567 | |||
| TOTAL LIABILITIES AND EQUITY: | 3,653 | 3,509 | 3,444 | 3,231 | 1,442 | 1,618 | |||
Income Statement (P&L) ($ in millions)
| 3/31/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 10,845 | 7,337 | 4,846 | 6,117 | 6,231 | 6,052 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 4,107 | |
| Cost of revenue (Cost of Goods and Services Sold) | (5,753) | (3,436) | (4,595) | (4,787) | (4,557) | |||
| Other undisclosed gross profit | ||||||||
| Gross profit: | 10,845 | 1,584 | 1,410 | 1,523 | 1,444 | 1,495 | ||
| Operating expenses | (300) | (252) | (273) | (256) | (1,418) | (1,541) | ||
| Other operating income, net | 4 | 2 | ||||||
| Other undisclosed operating loss | (10,296) | (1,211) | (1,126) | (1,202) | ||||
| Operating income (loss): | 253 | 123 | 11 | 65 | 27 | (46) | ||
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | 5 | (1) | (1) | 1 | (2) | |||
| Interest and debt expense | (1) | (0) | (1) | (1) | ||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 257 | 122 | 8 | 66 | 23 | (47) | ||
| Income from equity method investments | 1 | |||||||
| Other undisclosed loss from continuing operations before income taxes | (42) | (47) | (29) | (28) | (28) | (29) | ||
| Income (loss) from continuing operations before income taxes: | 216 | 75 | (21) | 38 | (4) | (75) | ||
| Income tax expense (benefit) | (52) | (17) | 6 | (4) | 2 | 84 | ||
| Income (loss) from continuing operations: | 164 | 58 | (15) | 33 | (3) | 9 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | 58 | (15) | 33 | (120) | 9 | ||
| Loss from discontinued operations | (118) | |||||||
| Net income (loss): | 164 | 58 | (15) | 33 | (120) | 9 | ||
| Net income (loss) attributable to noncontrolling interest | 0 | 1 | (0) | (0) | (0) | |||
| Net income (loss) attributable to parent: | 164 | 59 | (14) | 33 | (121) | 9 | ||
| Undistributed earnings (loss) allocated to participating securities, basic | (5) | (1) | 0 | (1) | 0 | (0) | ||
| Net income (loss) available to common stockholders, diluted: | 159 | 57 | (13) | 32 | (120) | 9 | ||
Comprehensive Income ($ in millions)
| 3/31/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 164 | 58 | (15) | 33 | (120) | 9 | ||
| Other comprehensive income (loss) | 0 | (0) | (1) | (0) | ||||
| Comprehensive income (loss): | 164 | 58 | (15) | 33 | (121) | 9 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 0 | 1 | (0) | (0) | (0) | |||
| Other undisclosed comprehensive income, net of tax, attributable to parent | 0 | 1 | ||||||
| Comprehensive income (loss), net of tax, attributable to parent: | 164 | 59 | (14) | 33 | (121) | 10 | ||
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.