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 | |||
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ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 227,403 | 116,409 | 240,878 | 589,882 | 485,463 | 92,807 | |||
Cash and cash equivalents | 227,403 | 116,409 | 240,878 | 589,882 | 485,463 | 92,807 | |||
Receivables | 196,775 | 179,371 | 178,663 | 194,066 | 359,487 | 373,590 | |||
Inventory, net of allowances, customer advances and progress billings | 389,245 | 400,467 | 361,692 | 400,366 | 452,976 | 413,560 | |||
Inventory | 389,245 | 400,467 | 361,692 | 400,366 | 452,976 | 413,560 | |||
Contract with customer, asset, after allowance for credit loss | 103,027 | 108,646 | 101,828 | 134,638 | 244,417 | 326,667 | |||
Disposal group, including discontinued operation | 60,104 | ||||||||
Asset, held-for-sale, not part of disposal group | 216,276 | ||||||||
Other undisclosed current assets | 17,062 | 18,449 | 19,903 | 19,206 | 19,289 | 34,446 | |||
Total current assets: | 933,512 | 823,342 | 963,068 | 1,554,434 | 1,561,632 | 1,241,070 | |||
Noncurrent Assets | |||||||||
Property, plant and equipment | 166,800 | 162,278 | 169,050 | 211,369 | 418,141 | 543,710 | |||
Intangible assets, net (including goodwill) | 583,347 | 584,217 | 598,572 | 624,091 | 895,495 | 1,014,179 | |||
Goodwill | 509,449 | 507,714 | 513,722 | 521,638 | 513,527 | 583,225 | |||
Intangible assets, net (excluding goodwill) | 73,898 | 76,503 | 84,850 | 102,453 | 381,968 | 430,954 | |||
Other noncurrent assets | 31,185 | 27,455 | 30,476 | 61,041 | 105,065 | 55,615 | |||
Total noncurrent assets: | 781,332 | 773,950 | 798,098 | 896,501 | 1,418,701 | 1,613,504 | |||
TOTAL ASSETS: | 1,714,844 | 1,597,292 | 1,761,166 | 2,450,935 | 2,980,333 | 2,854,574 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities | 349,280 | 326,515 | 369,593 | 450,633 | 685,097 | 673,355 | |||
Accounts payable | 197,932 | 166,501 | 161,534 | 179,473 | 457,694 | 433,783 | |||
Accrued liabilities | 151,348 | 160,014 | 208,059 | 271,160 | 227,403 | 239,572 | |||
Deferred revenue | 44,482 | 40,492 | 171,763 | 204,379 | 295,320 | ✕ | |||
Debt | 3,162 | 3,108 | 3,268 | 5,247 | 7,336 | 8,201 | |||
Disposal group, including discontinued operation | 57,519 | ||||||||
Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 293,719 | ||
Other undisclosed current liabilities | 58,108 | ||||||||
Total current liabilities: | 396,924 | 370,115 | 602,143 | 718,367 | 987,753 | 975,275 | |||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation | 11,654 | 1,605,069 | 26,144 | 40,938 | 71,284 | ||||
Finance lease, liability | 11,654 | 13,224 | 14,878 | 16,597 | ✕ | ||||
Other undisclosed long-term debt and lease obligation | 1,605,069 | ||||||||
Liabilities, other than long-term debt | 35,499 | 310,171 | 22,076 | 130,967 | 154,558 | 79,364 | |||
Accounts payable and accrued liabilities | 15,997 | 15,641 | 21,045 | 45,233 | 53,470 | ||||
Deferred revenue | 463 | 1,099 | 100,737 | 91,265 | ✕ | ||||
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 | 5,336 | 9,185 | 18,060 | 16,040 | ||||
Other liabilities | 43,056 | ||||||||
Operating lease, liability | 14,639 | 12,920 | 26,060 | 54,687 | ✕ | ||||
Other undisclosed noncurrent liabilities | 12,900 | 3,488 | 35,473 | 80,327 | 345,185 | ||||
Total noncurrent liabilities: | 60,053 | 1,915,240 | 51,708 | 207,378 | 306,169 | 424,549 | |||
Other undisclosed liabilities | 2,028,063 | ||||||||
Total liabilities: | 456,977 | 2,285,355 | 653,851 | 925,745 | 1,293,922 | 3,427,887 | |||
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 capital | 964,741 | 957,093 | 973,112 | 978,272 | 804,830 | 867,545 | |||
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 parent | 65 | 65 | 64 | 64 | 52 | ||||
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 | 1,894,738 | 2,344,043 | 2,467,675 | |||||
TOTAL LIABILITIES AND EQUITY: | 1,714,844 | 1,597,292 | 1,761,166 | 2,450,935 | 2,980,333 | 2,854,574 |
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 | ||
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Revenues | 1,379,128 | 985,839 | 1,459,942 | 1,869,719 | 2,900,117 | 3,364,930 | ||
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: | 387,529 | 265,176 | 386,879 | 393,453 | 592,724 | 440,010 | ||
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): | 238,092 | 181,941 | 104,277 | 19,565 | 196,075 | (274,679) | ||
Nonoperating income (Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component) | 19,664 | 25,725 | 5,373 | 49,519 | 41,894 | 62,105 | ||
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: | 224,712 | 206,225 | 98,026 | (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: | 95,681 | 111,036 | (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: | 89,593 | 107,136 | (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: | 89,593 | 107,136 | (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: | 85,967 | 101,406 | (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 | ||
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Net income (loss): | 89,593 | 107,136 | (42,758) | (450,910) | (28,126) | (321,767) | ||
Other comprehensive income (loss) | (91,292) | 8,146 | 66,838 | 216,256 | (231,744) | (119,814) | ||
Comprehensive income (loss), net of tax, attributable to parent: | (1,699) | 115,282 | 24,080 | (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.