Freightcar America, Inc. (RAIL) financial statements (2022 and earlier)

Company profile

Business Address 125 SOUTH WACKER DRIVE
CHICAGO, IL 60606
State of Incorp. DE
Fiscal Year End December 31
SIC 3743 - Railroad Equipment (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments   18,019130,70592,750110,019
Cash and cash equivalents    87,78892,75083,068
Short-term investments   18,01942,917 26,951
Restricted cash and investments 1823,7694,9525,7205,9706,896
Receivables49,38713,9108,00520,2648,39625,20739,708
Inventory, net of allowances, customer advances and progress billings56,01238,83125,09264,56245,29297,904115,354
Inventory56,01238,83125,09264,56245,29297,904115,354
Prepaid expense5,0873,625     
Disposal group, including discontinued operation 10,383     
Other current assets  7,5705,0129,8346,0568,704
Other undisclosed current assets26,24054,04765,24343,024 13,283 
Total current assets:136,726120,978109,679155,833199,947241,170280,681
Noncurrent Assets
Operating lease, right-of-use asset16,66918,15256,507
Property, plant and equipment18,23619,64238,56445,31738,25346,34742,596
Intangible assets, net (including goodwill)   21,52121,52121,52121,880
Goodwill   21,52121,52121,52121,521
Intangible assets, net (excluding goodwill)      359
Other noncurrent assets8,8733,0371,5522,3113,3031,9782,655
Other undisclosed noncurrent assets20,16020,93338,90064,75532,88028,23959,092
Total noncurrent assets:63,93861,764135,523133,90495,95798,085126,223
TOTAL ASSETS:200,664182,742245,202289,737295,904339,255406,904
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities42,74821,29914,92336,38825,13837,66246,787
Accounts payable41,18518,65411,71334,74923,32934,53634,304
Employee-related liabilities1,5632,6453,2101,6391,8093,1178,303
Taxes payable     94,180
Deferred revenue3,3004,3515,123
Debt 17,60514,960    
Deferred rent credit   6,466
Estimated litigation liability756      
Due to related parties8,870      
Customer advances and deposits 3718,615
Contract with customer, liability3,000
Other liabilities5,7116,3192,4281,3241,5043,3343,346
Other undisclosed current liabilities7,93521,57511,99614,87213,67512,76813,809
Total current liabilities:69,32071,14949,43062,05040,31754,13572,557
Noncurrent Liabilities
Long-term debt and lease obligation96,10156,21763,966    
Long-term debt, excluding current maturities79,48437,66810,200    
Operating lease, liability16,61718,54953,766
Liabilities, other than long-term debt3,1699,6469,93027,13614,69416,82687,046
Deferred rent credit   15,519
Liability, pension and other postretirement and postemployment benefits357,0466,93010,81611,31912,59079,170
Other liabilities3,1342,6003,0008013,3754,2367,876
Other undisclosed noncurrent liabilities33,73015,2334,7226,9419,16111,38012,190
Total noncurrent liabilities:133,00081,09678,61834,07723,85528,20699,236
Total liabilities:202,320152,245128,04896,12764,17282,341171,793
Stockholders' equity
Stockholders' equity attributable to parent(1,656)30,497117,209193,610231,732256,914235,111
Common stock190159127127127127127
Treasury stock, value (1,344)(989)(9,721)(12,555)(14,583)(17,516)
Additional paid in capital83,74282,06483,02790,59390,34792,02593,939
Accumulated other comprehensive loss(5,522)(11,763)(10,780)(8,188)(7,567)(8,163)(21,078)
Retained earnings (accumulated deficit)(80,066)(38,619)45,824120,799161,380187,508179,639
Stockholders' equity attributable to noncontrolling interest  (55)    
Total stockholders' equity:(1,656)30,497117,154193,610231,732256,914235,111
TOTAL LIABILITIES AND EQUITY:200,664182,742245,202289,737295,904339,255406,904

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues203,050108,447229,958316,519409,474523,731772,854
Cost of revenue(191,592)(121,949)(244,258)(320,146)(406,143)(483,552)(690,193)
Gross profit:11,458(13,502)(14,300)(3,627)3,33140,17982,661
Operating expenses(34,062)(48,140)(60,673)(29,051)(32,911)(36,376)(41,663)
Other undisclosed operating income (loss) (18,951)(629)573(2,212)12,0455,765
Operating income (loss):(22,604)(80,593)(75,602)(32,105)(31,792)15,84846,763
Nonoperating income
(Other Nonoperating income)
8175768581,848548111116
Interest and debt expense10,122 (609)(155)(163)(171)(243)
Other undisclosed loss from continuing operations before equity method investments, income taxes (5,882)     
Income (loss) from continuing operations before equity method investments, income taxes:(11,665)(85,899)(75,353)(30,412)(31,407)15,78846,636
Other undisclosed loss from continuing operations before income taxes(28,369)      
Income (loss) from continuing operations before income taxes:(40,034)(85,899)(75,353)(30,412)(31,407)15,78846,636
Income tax expense (benefit)(1,413)(199)115(10,169)8,845(3,464)(14,831)
Net income (loss):(41,447)(86,098)(75,238)(40,581)(22,562)12,32431,805
Net income attributable to noncontrolling interest 1,65555    
Net income (loss) available to common stockholders, diluted:(41,447)(84,443)(75,183)(40,581)(22,562)12,32431,805

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(41,447)(86,098)(75,238)(40,581)(22,562)12,32431,805
Other comprehensive income (loss)6,241(983)(2,592)(621)59612,9152,939
Comprehensive income (loss):(35,206)(87,081)(77,830)(41,202)(21,966)25,23934,744
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 income (loss), net of tax, attributable to parent:(35,206)(87,081)(77,830)(41,202)(21,966)25,23934,744

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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