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
Q3
9/30/2021
Q2
6/30/2021
Q1
3/31/2021
Q4
12/31/2020
Q3
9/30/2020
Q2
6/30/2020
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments20619423759047744031
Cash and cash equivalents20619423759047744031
Receivables159175190194168234257
Inventory, net of allowances, customer advances and progress billings395388413400446466467
Inventory395388413400446466467
Contract with customer, asset151150144135158193204
Assets held-for-sale, not part of disposal group3  21671116195
Other undisclosed current assets15612319181619
Total current assets:9289681,0071,5541,3391,4651,173
Noncurrent Assets
Property, plant and equipment179179205211356361371
Intangible assets, net (including goodwill)603607622624634634634
Goodwill516516522522521517513
Intangible assets, net (excluding goodwill)889099102113117121
Other noncurrent assets42475061737489
Total noncurrent assets:8248328768971,0631,0691,094
TOTAL ASSETS:1,7531,8011,8832,4512,4022,5332,266
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities399378400451420439499
Accounts payable169143165179195242299
Accrued liabilities230236235271224197199
Deferred revenue161160158204168175199
Debt4455678
Other undisclosed current liabilities 7 58465384
Total current liabilities:563549563718639674789
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,5851,6061,606412,0132,0151,557
Finance lease, liability   15141517
Operating lease, liability   26   
Other undisclosed long-term debt and lease obligation1,5851,6061,606 1,9991,9991,540
Liabilities, other than long-term debt416475541131819909967
Accounts payable and accrued liabilities   21   
Deferred revenue   101   
Deferred income tax liabilities777 877
Liability, pension and other postretirement and postemployment benefits323345366 571627643
Accrued environmental loss contingencies   9   
Other liabilities86122167 241275317
Other undisclosed noncurrent liabilities   35   
Total noncurrent liabilities:2,0012,0812,1472072,8322,9242,524
Total liabilities:2,5652,6302,7109263,4723,5983,314
Stockholders' equity
Stockholders' equity attributable to parent, including:(812)(829)(826)(819)(1,070)(1,064)(1,047)
Treasury stock, value(0)(0)(1)(13)(18)(21)(25)
Additional paid in capital971968967978835795796
Accumulated other comprehensive loss(496)(503)(508)(530)(706)(725)(711)
Accumulated deficit(1,287)(1,294)(1,285)(1,254)(1,181)(1,113)(1,108)
Other undisclosed stockholders' equity attributable to parent0000000
Total stockholders' equity:(812)(829)(826)(819)(1,070)(1,064)(1,047)
Other undisclosed liabilities and equity   2,344   
TOTAL LIABILITIES AND EQUITY:1,7531,8011,8832,4512,4022,5332,266

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

12/31/2021
Q3
9/30/2021
Q2
6/30/2021
Q1
3/31/2021
Q4
12/31/2020
Q3
9/30/2020
Q2
6/30/2020
Q1
Revenues319357397467426482495
Cost of revenue(232)(262)(294)(360)(341)(382)(394)
Gross profit:879510310785100101
Operating expenses(47)(66)(67)119(98)(70)(325)
Other undisclosed operating loss(12)      
Operating income (loss):282936227(13)30(224)
Nonoperating income (expense)
(Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component)
1410(2)12121211
Interest and debt expense(2) (10)(2)  (2)
Other undisclosed loss from continuing operations before equity method investments, income taxes (47)(54)(310)(67)(75)(61)
Income (loss) from continuing operations before equity method investments, income taxes:41(7)(29)(73)(67)(33)(276)
Other undisclosed loss from continuing operations before income taxes(32)      
Income (loss) from continuing operations before income taxes:8(7)(29)(73)(67)(33)(276)
Income tax expense(1)(2)(1)(0)(1)(1)(1)
Net income (loss) available to common stockholders, diluted:7(9)(30)(74)(68)(33)(277)

Comprehensive Income ($ in millions)

12/31/2021
Q3
9/30/2021
Q2
6/30/2021
Q1
3/31/2021
Q4
12/31/2020
Q3
9/30/2020
Q2
6/30/2020
Q1
Net income (loss):7(9)(30)(74)(68)(33)(277)
Other comprehensive income742317619149
Comprehensive income (loss), net of tax, attributable to parent:14(5)(8)102(49)(20)(269)

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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