The company has not filed an annual or quarterly report since its Q2 FY2021 10-Q, filed Jun 8, 2021. Its latest SEC filing is a 15-12B from Jul 12, 2021.
10-Q for Q2 FY2021, filed Jun 8, 2021
The sections below describe the company as of the FY2020 annual report.
Manufactures commercial trucks and buses, diesel engines, and service parts for carriers and fleets, government buyers, and school and commercial transportation operators.
10-K for FY2020, filed Dec 17, 2020We are an international manufacturer of International® brand commercial trucks, proprietary diesel engines, and IC Bus® ("IC") brand school…View ↗
Trucks—We manufacture and distribute Class 4 through 8 trucks and buses in the common carrier, private carrier, government, leasing…View ↗
Parts—We support our International® brand commercial trucks, IC brand buses, and our proprietary engines, as well as our other product…View ↗
Customers generally pay for trucks, parts and engines when shipped or delivered; standard payment terms are under 30 days. Navistar earns financing interest over loan and lease terms and sells separately priced extended warranties, with revenue earned over their contract lives.
10-K for FY2020, filed Dec 17, 2020Generally, revenue from our sales is recognized at a point in time when control is transferred to the customer which generally occurs upon…View ↗
Financial Services operations recognize revenue from retail notes, finance leases, wholesale notes, retail accounts, and wholesale accounts…View ↗
Operating lease revenues are recognized on a straight-line basis over the life of the lease. Recognition of revenue is suspended when…View ↗
We sell separately-priced extended warranty contracts that can be purchased for periods ranging from one to ten years. Warranty revenue…View ↗
$7.5B
10-K for FY2020, filed Dec 17, 2020
$7.5B ↗| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Financial Services Operations
Recurring
|
2.2%
FY2017: 1.7%
|
Financial Services Operations, FY2020
$168M Sources
|
Recurring |
|
Truck
Sold outright
10-K for FY2020, filed Dec 17, 2020 |
70%
FY2017: 67%
|
Truck, FY2020
$5.2B Sources
|
Sold outright |
|
Parts
Sold outright
10-K for FY2020, filed Dec 17, 2020 |
23%
FY2017: 25%
|
Parts, FY2020
$1.7B Sources
|
Sold outright |
|
Engine
Sold outright
|
5.2%
FY2017: 6.4%
|
Engine, FY2020
$388M Sources
|
Sold outright |
Navistar distributes vehicles into common-carrier, private-carrier, government, leasing, construction and energy markets. Its parts business distributes proprietary and standard aftermarket parts, while its finance arm serves buyers of its own products and dealers.
10-K for FY2020, filed Dec 17, 2020Trucks—We manufacture and distribute Class 4 through 8 trucks and buses in the common carrier, private carrier, government, leasing…View ↗
Parts—We support our International® brand commercial trucks, IC brand buses, and our proprietary engines, as well as our other product…View ↗
Financial Services—We provide and manage retail, wholesale, and lease financing of products sold by the Truck and Parts segments, as well…View ↗
Not on paper. It lost $347M in FY2020, but brought in more cash than it spent: $326M of free cash flow.
10-K for FY2020, filed Dec 17, 2020
−$60MView ↗
10-K for FY2020, filed Dec 17, 2020
−$347MView ↗
10-K for FY2020, filed Dec 17, 2020
$326MView ↗
10-Q for Q2 FY2021, filed Jun 8, 2021
$163MView ↗
8-K, filed Jul 1, 2021
Munich, July 1, 2021 – The TRATON GROUP is welcoming a new member of the family: Navistar. The certificate of merger that was submitted…View ↗
Held flat. Revenue was $7.5B in FY2020, about the same as the $8.1B of FY2016.
Electric buses move from plans to orders
The older report described a planned IC electric-bus launch; the latest report says Navistar had received its first order for electric school buses, with delivery planned for a later year.
10-K for FY2017, filed Dec 19, 2017 10-K for FY2020, filed Dec 17, 2020In September 2017, we announced the launch of an electric medium-duty truck in North America by late 2019 with our partner VW T&B. We also…View ↗
Announcement of our first order for 18 Electric CE school buses for the province of British Columbia in Canada. We expect to begin delivery…View ↗
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