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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues $ 2,983.3 $ 1,977.3 $ 1,516.0
Cost of revenues: 2,456.2 1,609.6 1,161.5
Selling, engineering, and administrative expenses: 201.9 185.4 179.6
Lease portfolio sales 82.8 127.5 54.1
Gain (Loss) on Disposition of Other Assets 6.8 25.2 24.1
Gains on dispositions of property: 89.6 152.7 78.2
Restructuring activities, net (2.2) 1.0 (3.7)
Total operating profit 417.0 334.0 256.8
Interest expense, net 265.5 207.6 191.4
Loss on extinguishment of debt 0.0 1.5 11.7
Pension plan settlement 0.0 0.0 (0.6)
Other, net 2.5 (1.6) (0.9)
Other (income) expense: 268.0 207.5 201.6
Income from continuing operations before income taxes 149.0 126.5 55.2
Current Income Tax Expense (Benefit) 50.5 12.9 2.8
Provision (benefit) for deferred income taxes (41.5) 14.7 13.1
Provision (benefit) for income taxes: 9.0 27.6 15.9
Income from continuing operations 140.0 98.9 39.3
Income (loss) from discontinued operations, net of provision (benefit) for income taxes of $(3.6), $(1.1), and $3.5 (13.4) (20.3) 11.1
Gain (loss) on sale of discontinued operations, net of provision (benefit) for income taxes of $—, $(1.4), and $51.9 0.0 (5.7) 131.4
Net income 126.6 72.9 181.8
Net income (loss) attributable to noncontrolling interest 20.6 12.8 (0.2)
Net income attributable to Trinity Industries, Inc. $ 106.0 $ 60.1 $ 182.0
Income (Loss) from Continuing Operations, Per Basic Share $ 1.47 $ 1.05 $ 0.39
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share (0.16) (0.32) 1.40
Earnings Per Share, Basic, Total 1.31 0.73 1.79
Income (Loss) from Continuing Operations, Per Diluted Share 1.43 1.02 0.38
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share (0.16) (0.31) 1.37
Earnings Per Share, Diluted, Total $ 1.27 $ 0.71 $ 1.75
Basic weighted average shares outstanding 81.2 81.9 101.5
Diluted weighted average shares outstanding 83.4 84.2 103.8
Manufacturing [Member]      
Revenues $ 2,113.3 $ 1,207.5 $ 781.4
Cost of revenues: 1,988.0 1,186.6 769.9
Selling, engineering, and administrative expenses: 35.9 34.2 32.5
Leasing [Member]      
Revenues 870.0 769.8 734.6
Cost of revenues: 468.2 423.0 391.6
Selling, engineering, and administrative expenses: 56.6 54.0 50.6
Corporate and other      
Selling, engineering, and administrative expenses: $ 109.4 $ 97.2 $ 96.5