2020 Q1 Form 10-K Financial Statement

#000156459021029065 Filed on May 20, 2021

View on sec.gov

Income Statement

Concept 2020 Q1 2019 2018 Q1
Revenue $693.1M $3.365B $896.9M
YoY Change -20.24% 5.19% -2.51%
Cost Of Revenue $556.6M $2.925B $711.6M
YoY Change -22.37% 12.17% 11.73%
Gross Profit $116.1M $440.0M $140.6M
YoY Change -11.55% -25.6% -45.26%
Gross Profit Margin 16.75% 13.08% 15.68%
Selling, General & Admin $63.00M $298.4M $75.60M
YoY Change -16.45% 1.97% -0.92%
% of Gross Profit 54.27% 67.81% 53.76%
Research & Development $49.90M
YoY Change -31.43%
% of Gross Profit 11.34%
Depreciation & Amortization $34.10M $149.9M $39.10M
YoY Change -4.21% -5.34% -6.46%
% of Gross Profit 29.38% 34.07% 27.8%
Operating Expenses $97.10M $3.640B $114.7M
YoY Change -12.36% -0.68% -2.96%
Operating Profit -$40.30M -$274.7M -$310.4M
YoY Change -78.7% -41.01% 168.8%
Interest Expense -$26.10M -$114.6M -$27.20M
YoY Change -16.08% 15.29% 9.68%
% of Operating Profit
Other Income/Expense, Net -$15.40M $56.70M
YoY Change -223.2%
Pretax Income -$81.80M -$332.6M -$307.2M
YoY Change -60.64% -27.99% 118.96%
Income Tax -$6.400M -$5.426M -$2.300M
% Of Pretax Income
Net Earnings -$75.07M -$327.1M -$304.8M
YoY Change -62.39% -23.1% 140.35%
Net Earnings / Revenue -10.83% -9.72% -33.99%
Basic Earnings Per Share -$1.45 -$6.58 -$6.16
Diluted Earnings Per Share -$1.45 -$6.58 -$6.16
COMMON SHARES
Basic Shares Outstanding 51.85M shares 49.70M 49.67M shares
Diluted Shares Outstanding 49.70M

Balance Sheet

Concept 2020 Q1 2019 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $485.5M $92.80M $35.80M
YoY Change 423.17% 159.22% -48.56%
Cash & Equivalents $485.5M $92.80M $35.82M
Short-Term Investments
Other Short-Term Assets $19.30M $34.40M $45.70M
YoY Change -43.9% -24.73% -11.09%
Inventory $453.0M $413.6M $1.427B
Prepaid Expenses
Receivables $359.5M $700.3M $376.6M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.562B $1.241B $1.923B
YoY Change 25.83% -35.46% 8.46%
LONG-TERM ASSETS
Property, Plant & Equipment $418.1M $543.7M $726.0M
YoY Change -23.09% -25.11% -9.82%
Goodwill $513.5M $592.8M
YoY Change -11.95% 0.0%
Intangibles $382.0M $507.7M
YoY Change -11.37% -14.3%
Long-Term Investments
YoY Change
Other Assets $105.1M $55.60M $57.63M
YoY Change 88.91% -3.47% -43.33%
Total Long-Term Assets $1.419B $1.614B $1.884B
YoY Change -12.07% -14.37% -28.68%
TOTAL ASSETS
Total Short-Term Assets $1.562B $1.241B $1.923B
Total Long-Term Assets $1.419B $1.614B $1.884B
Total Assets $2.980B $2.855B $3.807B
YoY Change 4.41% -25.02% -13.76%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $457.7M $433.8M $418.4M
YoY Change 5.51% 3.68% -13.07%
Accrued Expenses $227.4M $214.6M $235.9M
YoY Change -5.08% -9.03% -65.02%
Deferred Revenue $295.3M $321.2M
YoY Change 0.55%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $7.300M $8.200M $16.50M
YoY Change -10.98% -50.3% -89.73%
Total Short-Term Liabilities $987.8M $975.3M $992.4M
YoY Change 1.28% -1.72% -25.62%
LONG-TERM LIABILITIES
Long-Term Debt $1.800B $1.481B $1.422B
YoY Change 21.59% 4.14% 37.28%
Other Long-Term Liabilities $306.2M $965.0M $441.9M
YoY Change -27.88% 4.23% -17.86%
Total Long-Term Liabilities $306.2M $2.446B $441.9M
YoY Change -27.88% 4.17% -17.86%
TOTAL LIABILITIES
Total Short-Term Liabilities $987.8M $975.3M $992.4M
Total Long-Term Liabilities $306.2M $2.446B $441.9M
Total Liabilities $1.294B $3.428B $1.434B
YoY Change -7.57% 2.13% -23.39%
SHAREHOLDERS EQUITY
Retained Earnings -$803.5M $146.2M
YoY Change 1.18% -74.78%
Common Stock $804.8M
YoY Change -7.23%
Preferred Stock
YoY Change
Treasury Stock (at cost) $36.22M $179.1M
YoY Change -77.24% -2.51%
Treasury Stock Shares $602.8K 2.791M shares
Shareholders Equity -$781.3M -$573.3M $450.5M
YoY Change
Total Liabilities & Shareholders Equity $2.980B $2.855B $3.807B
YoY Change 4.41% -25.02% -13.76%

Cashflow Statement

Concept 2020 Q1 2019 2018 Q1
OPERATING ACTIVITIES
Net Income -$75.07M -$327.1M -$304.8M
YoY Change -62.39% -23.1% 140.35%
Depreciation, Depletion And Amortization $34.10M $149.9M $39.10M
YoY Change -4.21% -5.34% -6.46%
Cash From Operating Activities $57.40M -$174.4M -$90.60M
YoY Change 206.95% -39.62% -119.95%
INVESTING ACTIVITIES
Capital Expenditures -$12.50M $47.10M -$10.20M
YoY Change 1.63% 12.01% -45.45%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities -$2.800M $247.6M $11.90M
YoY Change -101.36% 208.34% -81.11%
Cash From Investing Activities -$15.30M $200.5M $1.700M
YoY Change -107.89% 424.8% -96.16%
FINANCING ACTIVITIES
Cash Dividend Paid $7.971M
YoY Change 0.35%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 395.6M 32.48M 55.40M
YoY Change -365.5% -84.8% -111.91%
NET CHANGE
Cash From Operating Activities 57.40M -174.4M -90.60M
Cash From Investing Activities -15.30M 200.5M 1.700M
Cash From Financing Activities 395.6M 32.48M 55.40M
Net Change In Cash 437.7M 56.99M -33.50M
YoY Change 588.21% -268.53% -200.3%
FREE CASH FLOW
Cash From Operating Activities $57.40M -$174.4M -$90.60M
Capital Expenditures -$12.50M $47.10M -$10.20M
Free Cash Flow $69.90M -$221.5M -$80.40M
YoY Change 125.48% -33.06% -117.0%

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CY2019 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Benefit Plan Improvement Tax Effect
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CY2019 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
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CY2019 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
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CY2020 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
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CY2019 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
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CY2021 us-gaap Other Comprehensive Income Loss Tax
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CY2020 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2019 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2021Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
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CY2020Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
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CY2021Q1 us-gaap Asset Impairment Charges
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CY2020Q1 us-gaap Contract With Customer Liability Noncurrent
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CY2021 us-gaap Revenues
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CY2020Q1 tgi Contract With Customer Current And Noncurrent
ContractWithCustomerCurrentAndNoncurrent
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CY2021 tgi Contract With Customer Asset Change In Contract Asset
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CY2021Q1 us-gaap Contract With Customer Liability
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CY2020Q1 us-gaap Contract With Customer Liability
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CY2020Q1 tgi Contract With Customer Net Asset Liability Current And Noncurrent
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CY2021 tgi Contract With Customer Asset Liability Net Cumulative Catch Up Adjustment To Revenue Change In Measure Of Progress
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CY2021 tgi Change In Accounting Estimate
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CY2021Q1 tgi Contract Assets Classified As Held For Sale
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CY2021Q1 us-gaap Revenue Remaining Performance Obligation
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CY2021Q1 us-gaap Revenue Remaining Performance Obligation
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CY2021Q1 us-gaap Revenue Remaining Performance Obligation
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CY2021Q1 us-gaap Revenue Remaining Performance Obligation
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CY2020Q1 us-gaap Inventory Raw Materials
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CY2020Q1 us-gaap Inventory Work In Process
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CY2020Q1 us-gaap Inventory Finished Goods
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26205000
CY2020Q1 tgi Rotable Assets
RotableAssets
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CY2020Q1 us-gaap Inventory Net
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CY2020Q1 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
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123095000
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Land
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Land
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19231000
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144756000
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CY2020Q1 us-gaap Property Plant And Equipment Gross
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CY2020Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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CY2020Q1 us-gaap Property Plant And Equipment Net
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11846000
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11846000
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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11846000
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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43639000
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CY2021Q1 us-gaap Finance Lease Right Of Use Asset
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CY2020Q1 us-gaap Finance Lease Right Of Use Asset
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CY2020Q1 tgi Operating And Finance Lease Right Of Use Assets
OperatingAndFinanceLeaseRightOfUseAssets
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CY2020Q1 tgi Operating Lease Liabilities Current Including Operating Lease Liabilities Related To Assets Held For Sale
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CY2020Q1 us-gaap Product Warranty Accrual Classified Current
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CY2021Q1 tgi Operating Lease Liabilities Including Operating Lease Liabilities Related To Assets Held For Sale
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CY2020Q1 tgi Operating Lease Liabilities Including Operating Lease Liabilities Related To Assets Held For Sale
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CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
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CY2021Q1 us-gaap Finance Lease Liability Payments Due Next Twelve Months
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CY2021Q1 tgi Operating And Finance Lease Liability Payments Due Next Twelve Months
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CY2021Q1 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
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CY2021Q1 tgi Operating And Finance Lease Liability Payments Due Year Two
OperatingAndFinanceLeaseLiabilityPaymentsDueYearTwo
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CY2021Q1 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
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CY2021Q1 tgi Operating And Finance Lease Liability Payments Due Year Three
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CY2021Q1 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
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CY2021Q1 tgi Operating And Finance Lease Liability Payments Due Year Four
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CY2021Q1 us-gaap Finance Lease Liability Payments Due Year Five
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CY2021Q1 tgi Operating And Finance Lease Liability Payments Due Year Five
OperatingAndFinanceLeaseLiabilityPaymentsDueYearFive
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LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
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CY2021Q1 us-gaap Finance Lease Liability Payments Due After Year Five
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CY2021Q1 tgi Operating And Finance Lease Liability Payments Due After Year Five
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CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due
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CY2021Q1 us-gaap Finance Lease Liability Payments Due
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CY2021Q1 tgi Operating And Finance Lease Liability Payments Due
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31036000
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