Note 16. Selected Quarterly Financial Data

12 Months Ended

Dec. 31, 2022

Income Statement [Abstract]

Quarterly Financial Information [Text Block]

Note 16. Selected Quarterly Financial Data (Unaudited)

	Three Months Ended
	March 31, 2022		June 30, 2022		September 30, 2022		December 31, 2022
	(in millions, except per share data)
Revenues:
Manufacturing	$	289.8	$	221.7	$	302.0	$	394.0
Leasing	182.9		195.1		194.6		197.2
	472.7		416.8		496.6		591.2
Operating costs:
Costs of revenues:
Manufacturing	295.6		220.8		288.0		382.2
Leasing	102.9		104.8		107.3		108.0
	398.5		325.6		395.3		490.2
Selling, engineering, and administrative expenses	44.7		45.0		48.0		47.7
Gains on dispositions of property	25.3		27.8		39.4		60.2
Restructuring activities, net	—		1.0		—		—
Operating profit	54.8		73.0		92.7		113.5
Other expense	41.9		50.7		54.4		60.5
Income from continuing operations before income taxes	12.9		22.3		38.3		53.0
Provision for income taxes	3.0		5.8		8.6		10.2
Income from continuing operations	9.9		16.5		29.7		42.8
Loss from discontinued operations, net of income taxes	(6.9)		(3.4)		(3.4)		(6.6)
Loss on sale of discontinued operations, net of income taxes	(1.1)		(4.6)		—		—
Net income	1.9		8.5		26.3		36.2
Net income attributable to noncontrolling interest	2.6		4.8		0.5		4.9
Net income (loss) attributable to Trinity Industries, Inc.	$	(0.7)	$	3.7	$	25.8	$	31.3
Basic earnings per common share (1):
Income from continuing operations	$	0.09	$	0.14	$	0.36	$	0.47
Loss from discontinued operations	(0.10)		(0.10)		(0.04)		(0.08)
Basic net income (loss) attributable to Trinity Industries, Inc.	$	(0.01)	$	0.04	$	0.32	$	0.39
Diluted earnings per common share (1):
Income from continuing operations	$	0.09	$	0.14	$	0.35	$	0.46
Loss from discontinued operations	(0.10)		(0.10)		(0.04)		(0.08)
Diluted net income (loss) attributable to Trinity Industries, Inc.	$	(0.01)	$	0.04	$	0.31	$	0.38

(1) The sum of the quarters may not necessarily be equal to the full year net income per common share amount.

	Three Months Ended
	March 31, 2021		June 30, 2021		September 30, 2021		December 31, 2021
	(in millions, except per share data)
Revenues:
Manufacturing	$	147.4	$	108.3	$	234.5	$	291.2
Leasing	183.3		185.0		185.3		181.0
	330.7		293.3		419.8		472.2
Operating costs:
Costs of revenues:
Manufacturing	149.6		99.6		238.8		281.9
Leasing	96.7		102.5		98.6		93.8
	246.3		202.1		337.4		375.7
Selling, engineering, and administrative expenses	44.7		46.2		45.8		42.9
Gains on dispositions of property	11.5		12.1		41.6		13.0
Restructuring activities, net	(0.3)		(0.7)		(0.1)		(2.6)
Operating profit	51.5		57.8		78.3		69.2
Other expense	52.5		63.5		44.5		41.1
Income (loss) from continuing operations before income taxes	(1.0)		(5.7)		33.8		28.1
Provision (benefit) for income taxes	4.0		(2.9)		8.3		6.5
Income (loss) from continuing operations	(5.0)		(2.8)		25.5		21.6
Income (loss) from discontinued operations, net of income taxes	6.3		7.6		10.4		(13.2)
Gain on sale of discontinued operations, net of income taxes	—		—		—		131.4
Net income	1.3		4.8		35.9		139.8
Net income (loss) attributable to noncontrolling interest	(2.0)		(7.9)		3.9		5.8
Net income attributable to Trinity Industries, Inc.	$	3.3	$	12.7	$	32.0	$	134.0
Basic earnings per common share (1):
Income (loss) from continuing operations	$	(0.03)	$	0.05	$	0.22	$	0.16
Income from discontinued operations	0.06		0.07		0.11		1.23
Basic net income attributable to Trinity Industries, Inc.	$	0.03	$	0.12	$	0.33	$	1.39
Diluted earnings per common share (1):
Income (loss) from continuing operations	$	(0.03)	$	0.05	$	0.22	$	0.16
Income from discontinued operations	0.06		0.07		0.11		1.21
Diluted net income attributable to Trinity Industries, Inc.	$	0.03	$	0.12	$	0.33	$	1.37

(1) The sum of the quarters may not necessarily be equal to the full year net income per common share amount.