Triumph Group, Inc. (TGI) financial statements (2022 and earlier)

Company profile

Business Address 899 CASSATT ROAD
BERWYN, PA 19312
State of Incorp. DE
Fiscal Year End March 31
SIC 372 - Aircraft And Parts (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments20659048593367021
Cash and cash equivalents20659048593367021
Receivables159194359374414312444
Inventory, net of allowances, customer advances and progress billings3954004534141,4271,3401,184
Inventory3954004534141,4271,3401,184
Contract with customer, asset151135244327
Assets held-for-sale, not part of disposal group3216  121 
Other undisclosed current assets15191934443093
Total current assets:9281,5541,5621,2411,9231,7731,743
Noncurrent Assets
Property, plant and equipment179211418544726805890
Intangible assets, net (including goodwill)6036248951,0141,1011,7352,094
Goodwill5165225145835931,1431,444
Intangible assets, net (excluding goodwill)88102382431508592650
Other noncurrent assets42611055658102109
Total noncurrent assets:8248971,4191,6141,8842,6423,092
TOTAL ASSETS:1,7532,4512,9802,8553,8074,4154,835
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3994516856739751,1561,093
Accounts payable169179458434418481410
Accrued liabilities230271227240557674683
Deferred revenue161204295
Debt45781716142
Contract with customer, liability294
Other undisclosed current liabilities 58  018 
Total current liabilities:5637189889759921,3341,136
Noncurrent Liabilities
Long-term debt and lease obligation1,5854171    
Finance lease, liability 1517
Operating lease, liability 2655
Other undisclosed long-term debt and lease obligation1,585      
Liabilities, other than long-term debt41613115579143105114
Customer advances or deposits70  
Deferred revenue and credits445
Accounts payable and accrued liabilities 2145536095102
Deferred revenue 10191
Deferred rent credit   10
Deferred income tax liabilities7  
Liability, pension and other postretirement and postemployment benefits323      
Accrued environmental loss contingencies 91816958
Other liabilities86      
Other undisclosed noncurrent liabilities 3580345299433548
Total noncurrent liabilities:2,001207306425442538662
Other undisclosed liabilities   2,0281,9221,6962,102
Total liabilities:2,5659261,2943,4283,3573,5683,900
Stockholders' equity
Stockholders' equity attributable to parent, including:(812)(819)(781)(573)450846935
Treasury stock, value(0)(13)(36)(159)(179)(184)(199)
Additional paid in capital971978805868851847851
Accumulated other comprehensive loss(496)(530)(719)(488)(368)(396)(347)
Retained earnings (accumulated deficit)(1,287)(1,254)(831)(794)146579630
Other undisclosed stockholders' equity attributable to parent000    
Other undisclosed stockholders' equity   0000
Total stockholders' equity:(812)(819)(781)(573)451846935
Other undisclosed liabilities and equity 2,3442,468    
TOTAL LIABILITIES AND EQUITY:1,7532,4512,9802,8553,8074,4154,835

Income statement (P&L) ($ in millions)

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
Revenues1,5401,8702,9003,365759769798
Revenue, net3,1993,5333,886
Cost of revenue(1,148)(1,476)(2,307)(2,925)(2,533)(2,690)(3,597)
Cost of goods and services sold (24) (2,925)(2,533)(2,690)(3,597)
Gross profit:392393593440(1,774)(1,921)(2,799)
Operating expenses(60)(374)(397)(3,640)(3,561)(3,476)(4,977)
Other undisclosed operating income (loss)(12)  2,9254,9735,4546,685
Operating income (loss):32120196(275)(362)57(1,091)
Nonoperating income
(Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component)
35504262   
Interest and debt expense(13)(24)(11)(9)(12)(6)(4)
Other undisclosed loss from continuing operations before equity method investments, income taxes(411)(493)(249)(106)(88)(75)(64)
Loss from continuing operations before equity method investments, income taxes:(69)(448)(22)(327)(462)(24)(1,159)
Other undisclosed loss from continuing operations before income taxes(32)      
Loss from continuing operations before income taxes:(101)(448)(22)(327)(462)(24)(1,159)
Income tax expense (benefit)(5)(3)(6)536(19)111
Net loss available to common stockholders, diluted:(106)(451)(28)(322)(425)(43)(1,048)

Comprehensive Income ($ in millions)

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
Net loss:(106)(451)(28)(322)(425)(43)(1,048)
Other comprehensive income (loss)210216(232)(120)28(49)(148)
Comprehensive income (loss), net of tax, attributable to parent:104(235)(260)(442)(397)(92)(1,196)

Statements sources

The financial statements are based on the company's filings with the 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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