American railcar industries, inc. (ARII)
Balance Sheet / TTM
Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
Assets
Current assets:
Cash and cash equivalents

74,459

103,765

100,089

100,244

106,176

102,811

151,246

178,571

198,049

199,451

208,081

298,064

128,983

236,276

310,056

88,109

99,453

163,055

154,488

97,252

115,020

93,585

56,004

205,045

99,195

249,651

272,887

307,172

284,099

301,051

318,758

Restricted cash

16,565

16,606

16,496

16,640

16,541

16,684

16,710

16,714

16,758

16,655

16,776

16,917

17,021

17,054

16,972

7,178

7,217

7,238

7,277

3,908

-

-

-

0

-

-

-

-

-

-

-

Short-term investments - available for sale securities

-

-

-

-

0

1,815

7,518

8,958

9,076

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Short-term investmentsavailable for sale securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

12,557

-

-

-

-

-

-

-

Accounts receivable, net

40,408

38,249

32,816

43,804

34,091

44,780

25,320

39,727

25,050

40,899

28,392

29,018

39,440

31,446

39,735

33,618

29,006

26,954

62,742

21,939

30,739

38,164

32,348

36,100

35,513

19,987

44,834

33,626

32,441

40,762

21,002

Accounts receivable, due from related parties

2,956

370

1,199

778

1,263

2,453

6,483

4,790

5,923

6,114

7,357

9,401

14,074

17,565

12,593

33,027

25,105

21,465

15,308

16,402

12,844

5,583

13,659

3,539

7,562

13,329

4,460

6,106

3,473

2,640

4,981

Income Taxes Receivable

-

-

-

-

-

-

-

-

2,199

2,132

1,812

-

12,091

12,091

11,607

33,879

-

-

-

2,187

-

-

-

-

-

-

-

-

-

-

-

Income Taxes Receivable, Current

18,690

18,151

19,171

19,115

-

-

-

2,010

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,581

0

4,760

5,124

4,074

4,074

14,878

14,878

14,939

Inventories, net

79,655

77,972

73,216

54,147

72,675

70,807

78,811

75,028

84,788

76,881

75,624

96,965

125,773

117,342

121,623

117,007

105,352

92,346

106,012

90,185

102,051

92,988

86,263

110,075

132,350

110,174

104,997

95,827

114,628

70,161

50,033

Deferred tax assets

-

-

-

-

-

-

-

-

-

-

-

-

7,551

6,968

6,600

7,688

8,941

7,946

7,688

9,060

11,777

10,397

9,126

4,114

3,334

3,368

2,110

3,203

3,632

2,655

3,029

Prepaid expenses and other current assets

5,808

6,283

6,881

6,464

9,019

9,155

8,624

6,613

5,391

6,704

5,857

7,116

6,113

6,148

6,164

5,353

4,949

6,160

6,460

4,313

7,724

5,123

5,149

3,917

5,294

5,611

5,173

4,539

3,502

3,436

2,654

Total current assets

238,541

261,396

249,868

241,192

239,765

248,505

294,712

332,411

347,234

348,836

343,899

457,481

351,046

444,890

525,350

325,859

280,023

325,164

359,975

245,246

280,155

245,840

204,130

375,347

288,008

407,244

438,535

454,547

456,653

435,583

415,396

Property, plant and equipment, net

153,130

155,487

157,455

162,535

165,919

169,628

173,069

177,051

175,858

176,649

175,784

176,311

171,636

166,376

160,593

160,787

159,334

157,957

158,269

159,375

157,429

157,328

157,376

155,893

330,469

301,700

230,406

155,643

175,630

171,478

181,255

Railcars on lease, net

1,077,768

1,034,331

1,044,538

1,036,414

1,014,238

994,821

955,622

908,010

894,967

866,808

861,488

848,717

859,550

784,083

705,919

663,315

548,836

452,030

413,168

372,551

321,608

296,744

261,845

220,282

-

-

-

38,599

-

-

-

Income Taxes Receivable, Noncurrent

-

-

14

-

13,525

11,721

-

233

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred debt issuance costs, net

-

-

-

-

-

-

-

-

-

-

-

-

5,135

5,190

5,244

2,148

2,254

2,361

2,445

2,026

2,029

2,124

2,032

2,374

556

1,027

1,181

1,335

1,489

1,643

1,951

Interest receivable, due from related parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

297

292

308

274

187

Goodwill

7,169

7,169

7,169

7,169

7,169

7,169

7,169

7,169

7,169

7,169

7,169

7,169

7,169

7,169

7,169

7,169

7,169

7,169

7,169

7,169

7,169

7,169

7,169

7,169

7,169

7,169

7,169

7,169

7,169

7,169

7,169

Investments in and loans to joint ventures

20,326

21,454

22,417

22,571

23,417

24,683

25,385

26,332

27,464

27,347

27,386

27,397

28,696

30,565

29,694

29,168

28,231

29,122

29,684

31,430

40,190

41,534

43,179

44,536

45,150

46,161

46,097

45,122

45,319

45,353

48,169

Other assets

902

970

3,199

3,545

3,725

3,831

3,680

5,044

5,457

5,791

7,790

7,999

7,509

7,544

7,587

3,963

4,077

4,077

4,064

7,812

8,028

7,934

7,774

4,157

1,123

1,444

1,238

1,063

862

862

240

Total assets

1,497,836

1,480,807

1,484,660

1,473,426

1,467,758

1,460,358

1,459,637

1,456,250

1,458,149

1,432,600

1,423,516

1,525,074

1,430,741

1,445,817

1,441,556

1,192,409

1,029,924

977,880

974,774

825,609

816,608

758,673

683,505

809,758

672,475

764,745

724,923

703,770

687,430

662,362

654,367

Liabilities and Stockholders Equity
Current liabilities:
Accounts payable

33,189

27,536

30,804

21,275

25,408

24,346

30,217

29,314

37,291

24,712

26,308

36,080

64,688

59,664

77,569

68,789

73,397

56,636

63,190

52,772

58,038

42,760

44,526

64,971

67,434

75,634

66,892

62,318

66,417

40,032

29,334

Accounts payable, due to related parties

52

0

6

41

18

186

3,562

3,252

1,895

1,908

2,477

4,477

2,848

3,766

3,304

2,793

2,948

1,922

1,917

1,410

1,486

524

770

2,831

950

1,000

471

800

499

92

275

Accrued taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,252

5,212

-

-

-

-

-

-

-

-

-

Accrued expenses, including loss contingency of $6,408 and $6,548 at September 30, 2018 and December 31, 2017, respectively

18,213

14,738

13,904

12,787

15,480

15,509

17,079

15,411

32,832

15,074

10,891

5,880

25,245

20,099

19,946

21,931

24,780

9,909

22,358

7,231

23,123

6,655

8,728

8,432

9,267

8,818

9,119

5,879

8,909

9,535

5,095

Accrued income taxes payable

-

-

-

-

0

0

1,607

7,660

-

-

-

464

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued compensation

14,679

11,617

10,088

12,874

11,807

10,800

10,533

11,628

8,554

11,255

10,598

11,459

14,156

13,524

15,759

15,046

15,737

13,829

16,592

16,071

16,639

13,910

17,261

17,940

16,801

18,753

15,382

14,446

10,880

12,761

11,054

Deferred Revenue, Current

-

-

-

-

-

-

-

-

-

-

-

-

-

40

176

-

-

-

-

12,985

-

-

-

-

-

-

-

-

-

-

-

Accrued interest expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

299

286

271

4,465

1,094

6,875

1,719

6,875

1,719

6,875

6,875

Short-term debt, including current portion of long-term debt

25,404

25,388

25,493

25,590

25,649

25,681

25,649

25,588

25,596

25,617

25,691

125,784

25,783

25,781

25,772

110,612

10,612

10,612

10,612

6,655

6,655

6,618

4,995

2,755

-

-

-

-

-

-

-

Total current liabilities

91,537

79,279

80,295

72,567

78,362

76,522

88,647

92,853

106,168

78,566

75,965

184,144

132,720

122,874

142,526

219,171

127,474

92,908

114,669

97,124

113,492

75,965

76,551

101,394

95,546

111,080

93,583

90,318

88,424

69,295

52,633

Long-term debt, net of unamortized debt issuance costs of $4,485 and $4,647 at September 30, 2018 and December 31, 2017, respectively

501,213

507,574

513,805

520,024

526,395

532,740

539,076

545,392

551,823

558,199

564,502

570,756

582,331

588,783

595,214

298,342

300,995

303,648

306,301

188,103

189,762

191,458

144,677

272,245

-

-

-

275,000

-

-

-

Senior unsecured notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

175,000

275,000

275,000

-

275,000

275,000

275,000

Deferred tax liability

206,772

201,682

199,102

194,084

287,788

279,709

265,285

252,943

242,024

237,655

231,058

222,338

190,374

177,898

172,042

168,349

110,516

105,168

101,749

99,212

84,597

78,485

68,141

53,466

39,969

31,244

21,537

14,923

8,226

4,735

7,938

Pension and post-retirement liabilities

7,683

7,811

7,858

8,099

8,652

8,672

8,658

8,648

8,444

8,456

8,469

8,484

7,909

8,026

8,145

8,544

3,943

4,156

4,343

4,718

8,923

9,104

9,151

9,518

8,704

8,838

8,945

9,280

6,132

6,263

6,707

Other liabilities, including loss contingency of $2,228 and $2,283 at September 30, 2018 and December 31, 2017, respectively

14,554

14,164

14,506

15,118

7,688

5,616

5,466

6,144

2,650

2,347

2,290

3,055

2,460

2,538

2,649

2,587

2,437

2,168

2,006

2,550

5,326

5,093

4,335

3,670

3,525

3,203

3,532

4,080

2,700

3,206

4,313

Total liabilities

821,759

810,510

815,566

809,892

908,885

903,259

907,132

905,980

911,109

885,223

882,284

988,777

915,794

900,119

920,576

696,993

545,365

508,048

529,068

391,707

402,100

360,105

302,855

440,293

322,744

429,365

402,597

393,601

380,482

358,499

346,591

Commitments and contingencies

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

Stockholders equity:
Common stock, $0.01 par value, 50,000,000 shares authorized, 19,083,878 shares outstanding as of both June 30, 2018 and December 31, 2017

213

213

213

213

213

213

213

213

213

213

213

213

213

213

213

213

213

213

213

213

213

213

213

213

213

213

213

213

214

214

213

Additional paid-in capital

239,609

239,609

239,609

239,609

239,609

239,609

239,609

239,609

239,609

239,609

239,609

239,609

239,609

239,609

239,609

239,609

239,609

239,609

239,609

239,609

239,609

239,609

239,609

239,609

239,609

239,609

239,609

239,609

239,608

239,608

238,947

Treasury Stock

86,031

86,031

86,031

86,031

86,031

86,031

86,031

86,031

74,825

74,340

68,296

57,423

51,285

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Retained Earnings

527,476

522,037

520,478

514,453

410,235

409,010

405,744

402,810

388,157

388,228

376,120

361,153

332,941

311,807

287,378

260,943

246,762

231,479

207,803

195,574

176,541

160,910

142,629

130,030

110,920

96,910

83,549

71,545

66,475

62,449

67,209

Accumulated other comprehensive loss

-5,190

-5,531

-5,175

-4,710

-5,153

-5,702

-7,030

-6,331

-6,114

-6,333

-6,414

-7,255

-6,531

-5,931

-6,220

-5,349

-2,025

-1,469

-1,919

-1,494

-1,855

-2,164

-1,801

-387

-1,011

-1,352

-1,045

-1,198

651

1,592

1,407

Total stockholders equity

676,077

670,297

669,094

663,534

558,873

557,099

552,505

550,270

547,040

547,377

541,232

536,297

514,947

545,698

520,980

495,416

484,559

469,832

445,706

433,902

414,508

398,568

380,650

369,465

349,731

335,380

322,326

310,169

306,948

303,863

307,776

Total liabilities and stockholders equity

1,497,836

1,480,807

1,484,660

1,473,426

1,467,758

1,460,358

1,459,637

1,456,250

1,458,149

1,432,600

1,423,516

1,525,074

1,430,741

1,445,817

1,441,556

1,192,409

1,029,924

977,880

974,774

825,609

816,608

758,673

683,505

809,758

672,475

764,745

724,923

703,770

687,430

662,362

654,367