XML 87 R75.htm IDEA: XBRL DOCUMENT v3.19.2
Financial Statements for Guarantors of the Senior Notes - Statement of Operations and Comprehensive Income (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Mar. 31, 2019
Jun. 30, 2018
Mar. 31, 2018
Jun. 30, 2019
Jun. 30, 2018
Condensed Income Statements, Captions [Line Items]            
Revenues $ 736.0   $ 634.0   $ 1,340.8 $ 1,167.2
Cost of revenues 578.5   481.9   1,041.9 881.8
Selling, engineering, and administrative expenses 69.8   75.6   129.4 149.0
Gains on dispositions of property 19.3   11.5   29.3 13.7
Cost of revenues and operating costs 629.0   546.0   1,142.0 1,017.1
Total operating profit 107.0   88.0   198.8 150.1
Other Nonoperating Expense 55.3   38.2   107.0 79.4
Equity in earnings of subsidiaries, net of taxes 0.0   0.0   0.0 0.0
Income before income taxes 51.7   49.8   91.8 70.7
Provision (benefit) for income taxes 14.1   12.5   23.0 18.2
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest 37.6   37.3   68.8 52.5
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest (0.8)   28.2   (1.9) 54.6
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 36.8 $ 30.1 65.5 $ 41.6 66.9 107.1
Net Income (Loss) Attributable to Noncontrolling Interest 0.4   1.4   (0.1) 2.8
Net Income (Loss) Attributable to Parent 36.4   64.1   67.0 104.3
Other Comprehensive Income (Loss), Net of Tax (6.2) $ (3.8) (0.5) $ 1.9 (10.0) 1.4
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest 30.6   65.0   56.9 108.5
Comprehensive income attributable to noncontrolling interest 0.7   1.8   0.5 3.6
Comprehensive income attributable to Trinity Industries, Inc. 29.9   63.2   56.4 104.9
Reportable legal entities | Parent            
Condensed Income Statements, Captions [Line Items]            
Revenues 0.0   0.0   0.0 0.0
Cost of revenues 0.3   0.5   1.2 0.7
Selling, engineering, and administrative expenses 26.6   38.2   47.3 74.3
Gains on dispositions of property 0.0   1.3   0.0 1.4
Cost of revenues and operating costs 26.9   37.4   48.5 73.6
Total operating profit (26.9)   (37.4)   (48.5) (73.6)
Other (income) expense (4.1)   (0.3)   0.6 2.5
Equity in earnings of subsidiaries, net of taxes 65.6   102.6   119.8 183.9
Income before income taxes 42.8   65.5   70.7 107.8
Provision (benefit) for income taxes 5.7   (1.7)   2.1 (1.0)
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest 37.1   67.2   68.6 108.8
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest (0.7)   (3.1)   (1.6) (4.5)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 36.4   64.1   67.0 104.3
Net Income (Loss) Attributable to Noncontrolling Interest 0.0   0.0   0.0 0.0
Net Income (Loss) Attributable to Parent 36.4   64.1   67.0 104.3
Other Comprehensive Income (Loss), Net of Tax 0.8   0.3   1.6 0.4
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest 37.2   64.4   68.6 104.7
Comprehensive income attributable to noncontrolling interest 0.0   0.0   0.0 0.0
Comprehensive income attributable to Trinity Industries, Inc. 37.2   64.4   68.6 104.7
Reportable legal entities | Combined Guarantor Subsidiaries            
Condensed Income Statements, Captions [Line Items]            
Revenues 516.9   465.0   926.4 839.6
Cost of revenues 435.8   384.2   779.3 689.5
Selling, engineering, and administrative expenses 27.2   27.4   53.4 55.7
Gains on dispositions of property 7.4   13.8   9.1 15.7
Cost of revenues and operating costs 455.6   397.8   823.6 729.5
Total operating profit 61.3   67.2   102.8 110.1
Other (income) expense 8.3   7.8   9.8 15.8
Equity in earnings of subsidiaries, net of taxes 10.6   13.4   26.0 27.2
Income before income taxes 63.6   72.8   119.0 121.5
Provision (benefit) for income taxes 12.7   16.7   25.4 25.0
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest 50.9   56.1   93.6 96.5
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest 0.0   0.0   0.0 0.0
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 50.9   56.1   93.6 96.5
Net Income (Loss) Attributable to Noncontrolling Interest 0.0   0.0   0.0 0.0
Net Income (Loss) Attributable to Parent 50.9   56.1   93.6 96.5
Other Comprehensive Income (Loss), Net of Tax 0.0   0.0   0.0 0.0
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest 50.9   56.1   93.6 96.5
Comprehensive income attributable to noncontrolling interest 0.0   0.0   0.0 0.0
Comprehensive income attributable to Trinity Industries, Inc. 50.9   56.1   93.6 96.5
Reportable legal entities | Combined Non-Guarantor Subsidiaries            
Condensed Income Statements, Captions [Line Items]            
Revenues 280.8   224.5   541.8 460.9
Cost of revenues 215.6   159.3   409.6 337.8
Selling, engineering, and administrative expenses 16.0   10.0   28.7 19.0
Gains on dispositions of property 11.9   (3.6)   20.2 (3.4)
Cost of revenues and operating costs 219.7   172.9   418.1 360.2
Total operating profit 61.1   51.6   123.7 100.7
Other (income) expense 51.1   30.7   96.6 61.1
Equity in earnings of subsidiaries, net of taxes 6.6   7.6   11.6 12.9
Income before income taxes 16.6   28.5   38.7 52.5
Provision (benefit) for income taxes 1.1   2.9   2.3 4.2
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest 15.5   25.6   36.4 48.3
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest (0.1)   31.3   (0.3) 59.1
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 15.4   56.9   36.1 107.4
Net Income (Loss) Attributable to Noncontrolling Interest 0.0   0.0   0.0 0.0
Net Income (Loss) Attributable to Parent 15.4   56.9   36.1 107.4
Other Comprehensive Income (Loss), Net of Tax (7.0)   (0.8)   (11.6) 1.0
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest 8.4   56.1   24.5 108.4
Comprehensive income attributable to noncontrolling interest 0.0   0.0   0.0 0.0
Comprehensive income attributable to Trinity Industries, Inc. 8.4   56.1   24.5 108.4
Eliminations            
Condensed Income Statements, Captions [Line Items]            
Revenues (61.7)   (55.5)   (127.4) (133.3)
Cost of revenues (73.2)   (62.1)   (148.2) (146.2)
Selling, engineering, and administrative expenses 0.0   0.0   0.0 0.0
Gains on dispositions of property 0.0   0.0   0.0 0.0
Cost of revenues and operating costs (73.2)   (62.1)   (148.2) (146.2)
Total operating profit 11.5   6.6   20.8 12.9
Other (income) expense 0.0   0.0   0.0 0.0
Equity in earnings of subsidiaries, net of taxes (82.8)   (123.6)   (157.4) (224.0)
Income before income taxes (71.3)   (117.0)   (136.6) (211.1)
Provision (benefit) for income taxes (5.4)   (5.4)   (6.8) (10.0)
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest (65.9)   (111.6)   (129.8) (201.1)
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest 0.0   0.0   0.0 0.0
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest (65.9)   (111.6)   (129.8) (201.1)
Net Income (Loss) Attributable to Noncontrolling Interest 0.4   1.4   (0.1) 2.8
Net Income (Loss) Attributable to Parent (66.3)   (113.0)   (129.7) (203.9)
Other Comprehensive Income (Loss), Net of Tax 0.0   0.0   0.0 0.0
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest (65.9)   (111.6)   (129.8) (201.1)
Comprehensive income attributable to noncontrolling interest 0.7   1.8   0.5 3.6
Comprehensive income attributable to Trinity Industries, Inc. $ (66.6)   $ (113.4)   $ (130.3) $ (204.7)