$TRN
TRINITY INDUSTRIES INC
CIK:0000099780|SEC Filings
Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Millions |
6 Months Ended | |
|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
|
| Operating activities: | ||
| Net income | $ 123.1 | $ 47.1 |
| Loss from discontinued operations, net of benefit for income taxes of $1.1, $0.5, $1.7, and $1.1 | (5.7) | (3.8) |
| Adjustment to Reconcile Net Income to Cash Provided by (Used in) Operating Activity [Abstract] | ||
| Depreciation and amortization | 144.1 | 149.5 |
| Stock-based compensation expense | 10.4 | 10.7 |
| Provision (benefit) for deferred income taxes | 35.4 | (5.0) |
| Gain (Loss) on Sale of Property, Plant and Equipment, Railroad Transportation Equipment | 30.2 | 13.7 |
| Gain on Divestiture of Partially-owned Leasing Subsidiary | (131.6) | 0.0 |
| Gains on dispositions of property and other assets | (2.1) | (5.3) |
| Non-cash interest expense | 5.4 | 5.0 |
| Loss on extinguishment of debt | 0.0 | 0.8 |
| Other | 3.8 | 0.9 |
| Changes in operating assets and liabilities: | ||
| (Increase) decrease in receivables | 46.3 | 55.2 |
| (Increase) decrease in income tax receivable | 20.8 | (18.0) |
| (Increase) decrease in inventories | (64.5) | 16.5 |
| (Increase) decrease in other assets | 3.2 | 4.3 |
| Increase (decrease) in accounts payable | 12.3 | (32.4) |
| Increase (decrease) in accrued liabilities | (10.2) | (70.3) |
| Increase (decrease) in other liabilities | 0.5 | (7.2) |
| Net cash provided by operating activities – continuing operations | 172.4 | 141.9 |
| Net cash used in operating activities – discontinued operations | (5.7) | (3.8) |
| Net cash provided by operating activities | 166.7 | 138.1 |
| Investing activities: | ||
| Capital expenditures – lease fleet | 240.3 | 295.7 |
| Proceeds From Sale Of Property Subject To Or Available For Operating Lease | 114.3 | 63.0 |
| Capital expenditures – operating and administrative | (18.0) | (17.9) |
| Proceeds from dispositions of property and other assets | 6.7 | 8.5 |
| Cash Divested from Deconsolidation | (6.9) | 0.0 |
| Net cash used in investing activities | (181.8) | (242.1) |
| Financing activities: | ||
| Payments to retire debt | (503.4) | (904.9) |
| Proceeds from Debt, Net of Issuance Costs | 549.1 | 1,065.0 |
| Payments to settle contingent consideration liability | 0.0 | (8.0) |
| Payments for Repurchase of Common Stock | (20.3) | (39.0) |
| Dividends paid to common shareholders | (50.5) | (50.4) |
| Purchase of shares to satisfy employee tax on vested stock | (9.3) | (8.2) |
| Distributions to noncontrolling interest | (4.2) | (9.6) |
| Net cash provided by (used in) financing activities | (38.6) | 44.9 |
| Net decrease in cash, cash equivalents, and restricted cash | (53.7) | (59.1) |
| Cash, cash equivalents, and restricted cash at beginning of period | 323.6 | 374.4 |
| Cash, cash equivalents, and restricted cash at end of period | 269.9 | 315.3 |
| Payments to Acquire Equity Method Investments | $ (37.6) | $ 0.0 |
Consolidated Balance Sheets - USD ($) shares in Millions, $ in Millions |
Jun. 30, 2026 |
Dec. 31, 2025 |
|---|---|---|
| ASSETS | ||
| Cash and cash equivalents | $ 155.7 | $ 201.3 |
| Receivables, net of allowance | 339.2 | 389.1 |
| Income tax receivable | 6.7 | 27.5 |
| Inventories: | ||
| Raw materials and supplies | 256.0 | 243.7 |
| Work in process | 159.1 | 100.8 |
| Finished goods | 118.5 | 124.6 |
| Inventory, Net | 533.6 | 469.1 |
| Restricted cash, including partially-owned subsidiary of $— and $9.9 | 114.2 | 122.3 |
| Property, plant, and equipment, at cost, including partially-owned subsidiary of $— and $523.9 | 8,871.3 | 9,258.3 |
| Less accumulated depreciation, including partially-owned subsidiary of $— and $205.3 | 2,538.8 | 2,637.0 |
| Property, Plant, and Equipment, after Accumulated Depreciation, Depletion, and Amortization | 6,332.5 | 6,621.3 |
| Goodwill | 221.5 | 221.5 |
| Other assets | 528.6 | 372.3 |
| Total assets | 8,232.0 | 8,424.4 |
| Liabilities and Equity [Abstract] | ||
| Accounts payable | 276.5 | 269.6 |
| Accrued liabilities | 272.2 | 301.2 |
| Debt: | 5,226.5 | 5,442.5 |
| Deferred income taxes | 1,178.0 | 1,129.0 |
| Other liabilities | 133.1 | 136.8 |
| Total liabilities | $ 7,086.3 | $ 7,279.1 |
| Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest [Abstract] | ||
| Preferred Stock, Shares Authorized | 1.5 | 1.5 |
| Preferred Stock, Shares Subscribed but Unissued | 1.5 | 1.5 |
| Preferred stock – 1.5 shares authorized and unissued | $ 0.0 | $ 0.0 |
| Common Stock, Shares Authorized | 400.0 | 400.0 |
| Common stock – 400.0 shares authorized | $ 0.8 | $ 0.8 |
| Capital in excess of par value | 0.0 | 0.0 |
| Retained earnings | 1,135.2 | 1,081.5 |
| Accumulated other comprehensive income (loss) | 8.0 | (4.2) |
| Treasury stock | (0.9) | (0.9) |
| Equity, Attributable to Parent, Total | 1,143.1 | 1,077.2 |
| Noncontrolling interest | 2.6 | 68.1 |
| Total stockholders' equity | 1,145.7 | 1,145.3 |
| Total liabilities and stockholders' equity | 8,232.0 | 8,424.4 |
| Recourse | ||
| Liabilities and Equity [Abstract] | ||
| Debt: | 598.8 | 598.5 |
| Nonrecourse | ||
| Liabilities and Equity [Abstract] | ||
| Debt: | 4,627.7 | 4,844.0 |
| Wholly-owned subsidiaries | Nonrecourse | ||
| Liabilities and Equity [Abstract] | ||
| Debt: | 4,627.7 | 4,573.4 |
| Wholly-owned subsidiaries | Nonrecourse | Leasing & Services | ||
| Liabilities and Equity [Abstract] | ||
| Debt: | 4,627.7 | 4,573.4 |
| Partially-owned subsidiaries | Leasing & Services | ||
| Inventories: | ||
| Restricted cash, including partially-owned subsidiary of $— and $9.9 | 0.0 | 9.9 |
| Property, plant, and equipment, at cost, including partially-owned subsidiary of $— and $523.9 | 0.0 | 523.9 |
| Less accumulated depreciation, including partially-owned subsidiary of $— and $205.3 | 0.0 | 205.3 |
| Partially-owned subsidiaries | Nonrecourse | ||
| Liabilities and Equity [Abstract] | ||
| Debt: | 0.0 | 270.6 |
| Partially-owned subsidiaries | Nonrecourse | Leasing & Services | ||
| Liabilities and Equity [Abstract] | ||
| Debt: | $ 0.0 | $ 270.6 |