Triumph Group, Inc. (TGI) Financial Statements (2024 and earlier)

Company Profile

Business Address 555 E LANCASTER AVENUE
RADNOR, PA 19087
State of Incorp. DE
Fiscal Year End March 31
Industry (SIC) 372 - Aircraft And Parts (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2023
MRQ
3/31/2023
12/31/2022
MRQ
3/31/2022
3/31/2021
3/31/2020
3/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments227,403116,409240,878589,882485,46392,807
Cash and cash equivalents227,403116,409240,878589,882485,46392,807
Receivables196,775179,371178,663194,066359,487373,590
Inventory, net of allowances, customer advances and progress billings389,245400,467361,692400,366452,976413,560
Inventory389,245400,467361,692400,366452,976413,560
Contract with customer, asset, after allowance for credit loss103,027108,646101,828134,638244,417326,667
Disposal group, including discontinued operation   60,104   
Asset, held-for-sale, not part of disposal group    216,276  
Other undisclosed current assets17,06218,44919,90319,20619,28934,446
Total current assets:933,512823,342963,0681,554,4341,561,6321,241,070
Noncurrent Assets
Property, plant and equipment166,800162,278169,050211,369418,141543,710
Intangible assets, net (including goodwill)583,347584,217598,572624,091895,4951,014,179
Goodwill509,449507,714513,722521,638513,527583,225
Intangible assets, net (excluding goodwill)73,89876,50384,850102,453381,968430,954
Other noncurrent assets31,18527,45530,47661,041105,06555,615
Total noncurrent assets:781,332773,950798,098896,5011,418,7011,613,504
TOTAL ASSETS:1,714,8441,597,2921,761,1662,450,9352,980,3332,854,574
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities349,280326,515369,593450,633685,097673,355
Accounts payable197,932166,501161,534179,473457,694433,783
Accrued liabilities151,348160,014208,059271,160227,403239,572
Deferred revenue44,48240,492171,763204,379295,320
Debt3,1623,1083,2685,2477,3368,201
Disposal group, including discontinued operation   57,519   
Contract with customer, liability293,719
Other undisclosed current liabilities    58,108  
Total current liabilities:396,924370,115602,143718,367987,753975,275
Noncurrent Liabilities
Long-term debt and lease obligation11,6541,605,06926,14440,93871,284 
Finance lease, liability 11,654 13,22414,87816,597
Other undisclosed long-term debt and lease obligation 1,605,069    
Liabilities, other than long-term debt35,499310,17122,076130,967154,55879,364
Accounts payable and accrued liabilities 15,997 15,64121,04545,23353,470
Deferred revenue 463 1,099100,73791,265
Deferred rent credit      9,854
Deferred income tax liabilities 7,444   
Liability, pension and other postretirement and postemployment benefits 259,671    
Accrued environmental loss contingencies 4,400 5,3369,18518,06016,040
Other liabilities 43,056    
Operating lease, liability 14,639 12,92026,06054,687
Other undisclosed noncurrent liabilities 12,900 3,48835,47380,327345,185
Total noncurrent liabilities:60,0531,915,24051,708207,378306,169424,549
Other undisclosed liabilities      2,028,063
Total liabilities:456,9772,285,355653,851925,7451,293,9223,427,887
Equity
Equity, attributable to parent, including:(797,396)(688,063)(787,423)(818,853)(781,264)(573,365)
Treasury stock, value   (96)(12,606)(36,217)(159,154)
Additional paid in capital964,741957,093973,112978,272804,830867,545
Accumulated other comprehensive loss(554,646)(455,208)(463,354)(530,192)(719,428)(487,684)
Accumulated deficit(1,207,556)(1,190,013)(1,297,149)(1,254,391)(830,501)(794,072)
Other undisclosed equity, attributable to parent6565646452 
Other undisclosed equity      52
Total equity:(797,396)(688,063)(787,423)(818,853)(781,264)(573,313)
Other undisclosed liabilities and equity 2,055,263 1,894,7382,344,0432,467,675 
TOTAL LIABILITIES AND EQUITY:1,714,8441,597,2921,761,1662,450,9352,980,3332,854,574

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

9/30/2023
TTM
3/31/2023
12/31/2022
TTM
3/31/2022
3/31/2021
3/31/2020
3/31/2019
Revenues1,379,128985,8391,459,9421,869,7192,900,1173,364,930
Cost of revenue(991,599)(720,663)(1,073,063)(1,476,266)(2,307,393)(2,924,920)
Cost of goods and services sold    (23,689) (2,924,920)
Gross profit:387,529265,176386,879393,453592,724440,010
Operating expenses(113,856)(56,120)(230,659)(373,888)(396,649)(3,639,609)
Other undisclosed operating income (loss)(35,581)(27,115)(51,943)  2,924,920
Operating income (loss):238,092181,941104,27719,565196,075(274,679)
Nonoperating income
(Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component)
19,66425,7255,37349,51941,89462,105
Interest and debt expense(33,044)(1,441)(11,624)(23,759)(11,157)(8,770)
Other undisclosed loss from continuing operations before equity method investments, income taxes    (493,354)(249,140)(105,849)
Income (loss) from continuing operations before equity method investments, income taxes:224,712206,22598,026(448,029)(22,328)(327,193)
Other undisclosed loss from continuing operations before income taxes(129,031)(95,189)(135,861)   
Income (loss) from continuing operations before income taxes:95,681111,036(37,835)(448,029)(22,328)(327,193)
Income tax expense (benefit)(6,088)(3,900)(4,923)(2,881)(5,798)5,426
Income (loss) from continuing operations:89,593107,136(42,758)(450,910)(28,126)(321,767)
Income (loss) before gain (loss) on sale of properties:96,184(42,758)(450,910)(28,126)(321,767)
Net income (loss) available to common stockholders, basic:89,593107,136(42,758)(450,910)(28,126)(321,767)
Other undisclosed net loss available to common stockholders, diluted(3,626)(5,730)    
Net income (loss) available to common stockholders, diluted:85,967101,406(42,758)(450,910)(28,126)(321,767)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
3/31/2023
12/31/2022
TTM
3/31/2022
3/31/2021
3/31/2020
3/31/2019
Net income (loss):89,593107,136(42,758)(450,910)(28,126)(321,767)
Other comprehensive income (loss)(91,292)8,14666,838216,256(231,744)(119,814)
Comprehensive income (loss), net of tax, attributable to parent:(1,699)115,28224,080(234,654)(259,870)(441,581)

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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