Freightcar America, Inc. (RAIL) Financial Statements (2024 and earlier)

Company Profile

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

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
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     18,019130,705
Cash and cash equivalents      87,788
Short-term investments     18,01942,917
Restricted cash and investments   1823,7694,9525,720
Receivables17,51449,38713,9108,00520,2648,396
Inventory, net of allowances, customer advances and progress billings64,31756,01238,83125,09264,56245,292
Inventory64,31756,01238,83125,09264,56245,292
Prepaid expense5,4705,0873,625   
Disposal group, including discontinued operation 3,675 10,383   
Other current assets    7,5705,0129,834
Other undisclosed current assets37,91226,24054,04765,24343,024 
Total current assets:128,888136,726120,978109,679155,833199,947
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization33,093   
Operating lease, right-of-use asset1,59616,66918,15256,507
Property, plant and equipment23,24818,23619,64238,56445,31738,253
Intangible assets, net (including goodwill)     21,52121,521
Goodwill     21,52121,521
Other noncurrent assets1,5898,8733,0371,5522,3113,303
Other undisclosed noncurrent assets11,32420,16020,93338,90064,75532,880
Total noncurrent assets:70,85063,93861,764135,523133,90495,957
TOTAL ASSETS:199,738200,664182,742245,202289,737295,904
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities49,29042,74821,29914,92336,38825,138
Employee-related liabilities1,5632,6453,2101,6391,809
Accounts payable48,44941,18518,65411,71334,74923,329
Accrued liabilities 841     
Deferred revenue 3,3004,3515,123
Debt 41,347 17,60514,960  
Deferred rent credit     6,466
Estimated litigation liability  756    
Due to related parties3,3938,870    
Contract with customer, liability3,000
Other liabilities6,5395,7116,3192,4281,3241,504
Other undisclosed current liabilities5,4167,93521,57511,99614,87213,675
Total current liabilities:105,98569,32071,14949,43062,05040,317
Noncurrent Liabilities
Long-term debt and lease obligation84,73996,10156,21763,966  
Long-term debt, excluding current maturities51,49479,48437,66810,200  
Finance lease, liability33,245   
Liabilities, other than long-term debt6,5703,1699,6469,93027,13614,694
Deferred rent credit     15,519
Liability, pension and other postretirement and postemployment benefits1,040357,0466,93010,81611,319
Other liabilities3,7503,1342,6003,0008013,375
Operating lease, liability1,78016,61718,54953,766
Other undisclosed noncurrent liabilities31,02833,73015,2334,7226,9419,161
Total noncurrent liabilities:122,337133,00081,09678,61834,07723,855
Total liabilities:228,322202,320152,245128,04896,12764,172
Equity
Equity, attributable to parent(28,584)(1,656)30,497117,209193,610231,732
Common stock203190159127127127
Treasury stock, value   (1,344)(989)(9,721)(12,555)
Additional paid in capital89,10483,74282,06483,02790,59390,347
Accumulated other comprehensive income (loss)1,022(5,522)(11,763)(10,780)(8,188)(7,567)
Retained earnings (accumulated deficit)(118,913)(80,066)(38,619)45,824120,799161,380
Equity, attributable to noncontrolling interest    (55)  
Total equity:(28,584)(1,656)30,497117,154193,610231,732
Other undisclosed liabilities and equity      
TOTAL LIABILITIES AND EQUITY:199,738200,664182,742245,202289,737295,904

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues364,754203,050108,447229,958316,519409,474
Cost of revenue(338,931)(191,592)(121,949)(244,258)(320,146)(406,143)
Gross profit:25,82311,458(13,502)(14,300)(3,627)3,331
Operating expenses(28,227)(34,062)(48,140)(60,673)(29,051)(32,911)
Other undisclosed operating income (loss)(12,620) (18,951)(629)573(2,212)
Operating income (loss):(15,024)(22,604)(80,593)(75,602)(32,105)(31,792)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
2,4268175768581,848548
Interest and debt expense(1,355)10,122 (609)(155)(163)
Other undisclosed loss from continuing operations before equity method investments, income taxes  (5,882)   
Loss from continuing operations before equity method investments, income taxes:(13,953)(11,665)(85,899)(75,353)(30,412)(31,407)
Other undisclosed loss from continuing operations before income taxes(22,582)(28,369)    
Loss from continuing operations before income taxes:(36,535)(40,034)(85,899)(75,353)(30,412)(31,407)
Income tax expense (benefit)(2,312)(1,413)(199)115(10,169)8,845
Loss from continuing operations:(38,847)(41,447)(86,098)(75,238)(40,581)(22,562)
Loss before gain (loss) on sale of properties:(41,447)(86,098)(75,238)(40,581)(22,562)
Net loss:(38,847)(41,447)(86,098)(75,238)(40,581)(22,562)
Net income attributable to noncontrolling interest   1,65555  
Net loss attributable to parent:(38,847)(41,447)(84,443)(75,183)(40,581)(22,562)
Other undisclosed net loss available to common stockholders, basic      
Net loss available to common stockholders, diluted:(38,847)(41,447)(84,443)(75,183)(40,581)(22,562)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net loss:(38,847)(41,447)(86,098)(75,238)(40,581)(22,562)
Other comprehensive income (loss)6,5446,241(983)(2,592)(621)596
Comprehensive loss:(32,303)(35,206)(87,081)(77,830)(41,202)(21,966)
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 loss, net of tax, attributable to parent:(32,303)(35,206)(87,081)(77,830)(41,202)(21,966)

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.

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