Triumph Group, Inc. (TGI) financial statements (2021 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)

12/31/2020
Q3
9/30/2020
Q2
6/30/2020
Q1
3/31/2020
Q4
12/31/2019
Q3
9/30/2019
Q2
6/30/2019
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments47744031485542529
Cash and cash equivalents47744031485542529
Receivables168234257359301342332
Inventory, net of allowances, customer advances and progress billings446466467453474454470
Inventory446466467453474454470
Contract with customer, asset158193204244242301324
Assets held-for-sale, not part of disposal group71116195    
Other undisclosed current assets18161919262124
Total current assets:1,3391,4651,1731,5621,0961,1431,179
Noncurrent Assets
Property, plant and equipment356361371418433503515
Intangible assets, net (including goodwill)6346346348959789851,000
Goodwill521517513514584579582
Intangible assets, net (excluding goodwill)113117121382395406418
Other noncurrent assets737489105117131129
Total noncurrent assets:1,0631,0691,0941,4191,5291,6191,645
TOTAL ASSETS:2,4022,5332,2662,9802,6252,7622,823
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities420439499685611641652
Accounts payable195242299458380419427
Accrued liabilities224197199227231222226
Deferred revenue168175199295264277310
Debt6787888
Other undisclosed current liabilities465384    
Total current liabilities:639674789988883925970
Noncurrent Liabilities
Long-term debt and lease obligation, including:2,0132,0151,557711,4011,4611,427
Finance lease, liability14151717182021
Operating lease, liability   55586468
Other undisclosed long-term debt and lease obligation1,9991,9991,540 1,3251,3771,338
Liabilities, other than long-term debt819909967155857945972
Accounts payable and accrued liabilities   45   
Deferred revenue   91   
Deferred income tax liabilities877    
Liability, pension and other postretirement and postemployment benefits571627643 496554523
Accrued environmental loss contingencies   18   
Other liabilities241275317 361391449
Other undisclosed noncurrent liabilities   80172111
Total noncurrent liabilities:2,8322,9242,5243062,2752,4272,411
Total liabilities:3,4723,5983,3141,2943,1583,3533,381
Stockholders' equity
Stockholders' equity attributable to parent, including:(1,070)(1,064)(1,047)(781)(533)(591)(558)
Treasury stock, value(18)(21)(25)(36)(38)(145)(150)
Additional paid in capital835795796805804858859
Accumulated other comprehensive loss(706)(725)(711)(719)(545)(566)(489)
Accumulated deficit(1,181)(1,113)(1,108)(831)(753)(738)(778)
Other undisclosed stockholders' equity attributable to parent0000   
Other undisclosed stockholders' equity    000
Total stockholders' equity:(1,070)(1,064)(1,047)(781)(533)(591)(558)
Other undisclosed liabilities and equity   2,468   
TOTAL LIABILITIES AND EQUITY:2,4022,5332,2662,9802,6252,7622,823

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

12/31/2020
Q3
9/30/2020
Q2
6/30/2020
Q1
3/31/2020
Q4
12/31/2019
Q3
9/30/2019
Q2
6/30/2019
Q1
Revenues426482495404705772730
Cost of revenue(341)(382)(394)(99)(546)(622)(582)
Cost of goods and services sold(24)   (546)(622)(582)
Gross profit:85100101305158150148
Operating expenses(98)(70)(325)2,185(703)(711)(695)
Other undisclosed operating income (loss)   (2,208)546622582
Operating income (loss):(13)30(224)28226136
Nonoperating income (expense)
(Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component)
121211(8)142815
Interest and debt expense  (2)(4)  (2)
Other undisclosed loss from continuing operations before equity method investments, income taxes(67)(75)(61)(172)(33)(35)(26)
Income (loss) from continuing operations before income taxes:(67)(33)(276)97(18)5423
Income tax expense (benefit)(1)(1)(1)(3)4(11)(5)
Net income (loss) available to common stockholders, diluted:(68)(33)(277)94(14)4318

Comprehensive Income ($ in millions)

12/31/2020
Q3
9/30/2020
Q2
6/30/2020
Q1
3/31/2020
Q4
12/31/2019
Q3
9/30/2019
Q2
6/30/2019
Q1
Net income (loss):(68)(33)(277)94(14)4318
Other comprehensive income (loss)19149(209)21(77)(2)
Comprehensive income (loss), net of tax, attributable to parent:(49)(20)(269)(115)7(34)16

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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