Trinity Industries, Inc. (TRN) Financial Statements (2024 and earlier)

Company Profile

Business Address 14221 N DALLAS PARKWAY
DALLAS, TX 75254
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 millions)

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, including:801671321661791,098
Cash and cash equivalents80167132166179779
Other undisclosed cash, cash equivalents, and short-term investments      320
Inventory, net of allowances, customer advances and progress billings629433321433525641
Inventory629433321433525641
Total current assets:7096004536007041,739
Noncurrent Assets
Operating lease, right-of-use asset93  44
Property, plant and equipment6,8876,8477,0037,1116,3346,135
Long-term investments and receivables  444  
Long-term investments  444  
Intangible assets, net (including goodwill)275182225228231855
Goodwill196154209209209780
Intangible assets, net (excluding goodwill) 792816192275
Regulated entity, other noncurrent assets     23
Total noncurrent assets:7,2557,0347,2327,3866,5686,993
Other undisclosed assets7616021,016716717812
TOTAL ASSETS:8,7248,2368,7028,7017,9899,543
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Long-term debt and lease obligation:    45  
Liabilities, other than long-term debt 1,1071,048 1821
Deferred revenue and credits21
Deferred gain on sale of property     18
Deferred income tax liabilities  1,1071,048 
Operating lease, liability   45
Total noncurrent liabilities: 1,1071,048451821
Other undisclosed liabilities7,4555,8325,6386,2785,4104,665
Total liabilities:7,4556,9396,6866,3235,4274,685
Equity
Equity, attributable to parent1,0121,0301,7392,0302,2114,501
Common stock111112
Treasury stock, value(1)(1)(1)(1)(1)(2)
Additional paid in capital    1483
Accumulated other comprehensive income (loss)20(17)(31)(153)(117)(105)
Retained earnings9931,0471,7692,1832,3264,123
Equity, attributable to noncontrolling interest257267277349351357
Total equity:1,2701,2972,0162,3792,5624,858
TOTAL LIABILITIES AND EQUITY:8,7248,2368,7028,7017,9899,543

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues1,9771,5161,9993,0052,5093,663
Revenue, net3,663
Cost of revenue(1,610)(1,162)(1,508)(2,378)(1,939)(2,746)
Cost of goods and services sold(1,610)(1,162)(1,508)(2,366)(1,939)(2,746)
Gross profit:368355491627570917
Operating expenses(34)(176)(636)(211)(255)(368)
Other undisclosed operating income  7820   
Operating income (loss):334257(125)416315549
Nonoperating income (expense)(208)(202)(370)6(164)(177)
Investment income, nonoperating   371211
Other nonoperating income (expense)   (3)(1)4(4)
Interest and debt expense (2)(12)(5)(222)(179)(184)
Income (loss) from continuing operations before equity method investments, income taxes:12544(500)201(28)188
Other undisclosed income from continuing operations before income taxes 2125 179184
Income (loss) from continuing operations before income taxes:12755(495)201152372
Income tax expense (benefit)(28)(16)268(62)(43)342
Income (loss) from continuing operations:9939(226)139109714
Income (loss) before gain (loss) on sale of properties:50(226)136163714
Income (loss) from discontinued operations(20)11(0)(3)54 
Other undisclosed net income (loss)(6)131    
Net income (loss):73182(226)136163714
Net income (loss) attributable to noncontrolling interest(13)0792(4)(11)
Net income (loss) attributable to parent:60182(147)138159703
Undistributed earnings (loss) allocated to participating securities, basic     1 
Other undisclosed net loss available to common stockholders, basic    (2)(57)(15)
Net income (loss) available to common stockholders, basic:60182(147)136103687
Dilutive securities, effect on basic earnings per share      0
Net income (loss) available to common stockholders, diluted:60182(147)136103687

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):73182(226)136163714
Other comprehensive income (loss)3615123(35)(13)11
Comprehensive income (loss):109197(103)101150725
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(13)(1)780(5)(14)
Comprehensive income (loss), net of tax, attributable to parent:97196(25)101145711

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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