Triumph Group, Inc. (TGI) financial statements (2020 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)

12/31/2019
TTM
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments54933670213329
Cash and cash equivalents54933670213329
Receivables301374414312444522518
Inventory, net of allowances, customer advances and progress billings4744141,4271,3401,1841,0831,112
Inventory4744141,4271,3401,1841,2731,112
Progress payments netted against inventory for long-term contracts or programs     (190)
Contract with customer, asset242327
Assets held-for-sale, not part of disposal group  121 
Other undisclosed current assets2634443093407124
Total current assets:1,0961,2411,9231,7731,7432,0451,782
Noncurrent Assets
Property, plant and equipment433544726805890949931
Intangible assets, net (including goodwill)9781,0141,1011,7352,0943,0032,770
Goodwill5845835931,1431,4442,0311,792
Intangible assets, net (excluding goodwill)395431508592650972978
Deferred costs     1819
Other noncurrent assets11756581021097370
Other undisclosed noncurrent assets     (18)(19)
Total noncurrent assets:1,5291,6141,8842,6423,0924,0253,771
TOTAL ASSETS:2,6252,8553,8074,4154,8356,0695,553
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6116739751,1561,093990683
Accounts payable380434418481410427317
Accrued liabilities231240557674683428273
Employee-related liabilities     11593
Taxes payable     3 
Interest and dividends payable     17 
Deferred revenue264
Debt8817161424250
Provision for loss on contracts     100 
Deferred revenue and credits   3220
Contract with customer, liability294
Other undisclosed current liabilities  018 (266)(113)
Total current liabilities:8839759921,3341,136897640
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,401    1,3371,501
Finance lease, liability18
Operating lease, liability58
Other undisclosed long-term debt and lease obligation1,325    1,3371,501
Liabilities, other than long-term debt857791431051141,7881,173
Customer advances or deposits70    
Deferred revenue and credits4452022
Pension and other postretirement defined benefit plans, liabilities509
Accounts payable and accrued liabilities 53609510251 
Accrued income taxes3
Deferred rent credit 10
Deferred tax liabilities, net    407385
Liability for uncertainty in income taxes     99
Liability, pension and other postretirement and postemployment benefits496    538
Accrued environmental loss contingencies 16958910
Other liabilities361    754235
Other undisclosed noncurrent liabilities17345299433548(2,371)(2,439)
Total noncurrent liabilities:2,275425442538662754235
Other undisclosed liabilities 2,0281,9221,6962,1022,2822,394
Total liabilities:3,1583,4283,3573,5683,9003,9343,269
Stockholders' equity
Stockholders' equity attributable to parent(533)(573)4508469352,1362,284
Treasury stock, value(38)(159)(179)(184)(199)(204)(19)
Additional paid in capital804868851847851852866
Accumulated other comprehensive loss(545)(488)(368)(396)(347)(199)(19)
Retained earnings (accumulated deficit)(753)(794)1465796301,6861,456
Other undisclosed stockholders' equity0000000
Total stockholders' equity:(533)(573)4518469352,1362,284
TOTAL LIABILITIES AND EQUITY:2,6252,8553,8074,4154,8356,0695,553

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

12/31/2019
TTM
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
Revenues3,0763,365759769798753622
Revenue, net3,1993,5333,8863,8893,763
Cost of revenue
(Cost of Goods and Services Sold)
(2,468)(2,925)(2,533)(2,690)(3,597)(3,141)(2,912)
Gross profit:608440(1,774)(1,921)(2,799)(2,388)(2,290)
Operating expenses(3,167)(3,640)(3,561)(3,476)(4,977)(3,454)(3,363)
Other undisclosed operating income2,4682,9254,9735,4546,6856,2776,053
Operating income (loss):(91)(275)(362)57(1,091)435400
Nonoperating income
(Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component)
7062     
Interest and debt expense(4)(9)(12)(6)(4)(8) 
Other undisclosed loss from continuing operations before equity method investments, income taxes(123)(106)(88)(75)(64)(77)(88)
Income (loss) from continuing operations before income taxes:(148)(327)(462)(24)(1,159)349312
Income tax expense (benefit)(4)536(19)111(111)(106)
Net income (loss) available to common stockholders, diluted:(153)(322)(425)(43)(1,048)239206

Comprehensive Income ($ in millions)

12/31/2019
TTM
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
Net income (loss):(153)(322)(425)(43)(1,048)239206
Other comprehensive income (loss)(155)(120)28(49)(148)(180)42
Comprehensive income (loss), net of tax, attributable to parent:(307)(442)(397)(92)(1,196)59248

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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