Triumph Group, Inc. (TGI) financial statements (2021 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)

12/31/2020
TTM
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4774859336702133
Cash and cash equivalents4774859336702133
Receivables168359374414312444522
Inventory, net of allowances, customer advances and progress billings4464534141,4271,3401,1841,083
Inventory4464534141,4271,3401,1841,273
Progress payments netted against inventory for long-term contracts or programs      (190)
Contract with customer, asset158244327
Assets held-for-sale, not part of disposal group71  121 
Other undisclosed current assets181934443093407
Total current assets:1,3391,5621,2411,9231,7731,7432,045
Noncurrent Assets
Property, plant and equipment356418544726805890949
Intangible assets, net (including goodwill)6348951,0141,1011,7352,0943,003
Goodwill5215145835931,1431,4442,031
Intangible assets, net (excluding goodwill)113382431508592650972
Deferred costs      18
Other noncurrent assets73105565810210973
Other undisclosed noncurrent assets      (18)
Total noncurrent assets:1,0631,4191,6141,8842,6423,0924,025
TOTAL ASSETS:2,4022,9802,8553,8074,4154,8356,069
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4206856739751,1561,093990
Accounts payable195458434418481410427
Accrued liabilities224227240557674683428
Employee-related liabilities      115
Taxes payable      3
Interest and dividends payable      17
Deferred revenue168295
Debt678171614242
Provision for loss on contracts      100
Deferred revenue and credits   32
Contract with customer, liability294
Other undisclosed current liabilities46  018 (266)
Total current liabilities:6399889759921,3341,136897
Noncurrent Liabilities
Long-term debt and lease obligation, including:2,01371    1,337
Finance lease, liability1417
Operating lease, liability 55
Other undisclosed long-term debt and lease obligation1,999     1,337
Liabilities, other than long-term debt819155791431051141,788
Customer advances or deposits70   
Deferred revenue and credits44520
Accounts payable and accrued liabilities 4553609510251
Deferred revenue 91
Deferred rent credit  10
Deferred tax liabilities, net    407
Deferred income tax liabilities8 
Liability for uncertainty in income taxes      9
Liability, pension and other postretirement and postemployment benefits571     538
Accrued environmental loss contingencies 18169589
Other liabilities241     754
Other undisclosed noncurrent liabilities 80345299433548(2,371)
Total noncurrent liabilities:2,832306425442538662754
Other undisclosed liabilities  2,0281,9221,6962,1022,282
Total liabilities:3,4721,2943,4283,3573,5683,9003,934
Stockholders' equity
Stockholders' equity attributable to parent, including:(1,070)(781)(573)4508469352,136
Treasury stock, value(18)(36)(159)(179)(184)(199)(204)
Additional paid in capital835805868851847851852
Accumulated other comprehensive loss(706)(719)(488)(368)(396)(347)(199)
Retained earnings (accumulated deficit)(1,181)(831)(794)1465796301,686
Other undisclosed stockholders' equity attributable to parent00     
Other undisclosed stockholders' equity  00000
Total stockholders' equity:(1,070)(781)(573)4518469352,136
Other undisclosed liabilities and equity 2,468     
TOTAL LIABILITIES AND EQUITY:2,4022,9802,8553,8074,4154,8356,069

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

12/31/2020
TTM
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
Revenues1,8072,9003,365759769798753
Revenue, net3,1993,5333,8863,889
Cost of revenue(1,216)(2,307)(2,925)(2,533)(2,690)(3,597)(3,141)
Cost of goods and services sold(24) (2,925)(2,533)(2,690)(3,597)(3,141)
Gross profit:591593440(1,774)(1,921)(2,799)(2,388)
Operating expenses1,691(397)(3,640)(3,561)(3,476)(4,977)(3,454)
Other undisclosed operating income (loss)(2,208) 2,9254,9735,4546,6856,277
Operating income (loss):74196(275)(362)57(1,091)435
Nonoperating income
(Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component)
284262    
Interest and debt expense(7)(11)(9)(12)(6)(4)(8)
Other undisclosed loss from continuing operations before equity method investments, income taxes(375)(249)(106)(88)(75)(64)(77)
Income (loss) from continuing operations before income taxes:(279)(22)(327)(462)(24)(1,159)349
Income tax expense (benefit)(5)(6)536(19)111(111)
Net income (loss) available to common stockholders, diluted:(285)(28)(322)(425)(43)(1,048)239

Comprehensive Income ($ in millions)

12/31/2020
TTM
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
Net income (loss):(285)(28)(322)(425)(43)(1,048)239
Other comprehensive income (loss)(167)(232)(120)28(49)(148)(180)
Comprehensive income (loss), net of tax, attributable to parent:(452)(260)(442)(397)(92)(1,196)59

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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