American railcar industries, inc. (ARII)
Income statement / 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'11Mar'11Sep'10Jun'10
Revenues:
Manufacturing (including revenues from affiliates of $2,564 for both the three and nine months ended September 30, 2018 and $188 and $325 for the same periods in 2017)

274,649

302,325

267,972

264,557

299,143

324,247

366,708

429,774

525,337

555,109

602,042

700,061

601,339

606,291

668,174

600,326

658,537

701,210

627,088

646,100

663,434

639,703

642,209

633,547

628,105

589,249

548,903

453,092

319,664

254,531

0

0

0

Railcar leasing (including revenues from affiliates of $404 and $1,219 for the three and nine months ended September 30, 2018, respectively, and $231 and $678 for the same periods in 2017)

135,490

136,503

135,416

135,130

134,462

133,820

133,312

132,245

131,514

129,890

124,897

116,714

106,233

92,278

77,947

65,108

52,350

43,432

37,074

31,871

27,500

23,466

18,607

13,444

8,742

4,734

2,261

1,075

0

0

0

-

-

Railcar services (including revenues from affiliates of zero and $17 for the three and nine months ended September 30, 2018, respectively, and $1,156 and $11,729 for the same periods in 2017)

85,007

77,080

75,012

77,156

78,349

78,103

77,614

77,114

75,670

75,227

74,801

72,561

71,409

70,587

68,546

67,572

68,758

71,060

73,435

72,621

70,159

67,255

64,418

64,732

64,041

64,459

64,977

65,218

67,025

67,798

0

0

0

Total revenues

495,146

515,908

478,400

476,843

511,954

536,170

577,634

639,133

732,521

760,226

801,740

889,336

778,981

769,156

814,667

733,006

779,645

815,702

737,597

750,592

761,093

730,424

725,234

711,723

700,888

658,442

616,141

519,385

387,337

322,718

0

0

0

Cost of revenues:
Manufacturing

262,566

284,684

251,598

247,974

267,281

282,717

313,033

360,755

429,145

440,606

466,883

539,136

454,920

459,397

511,716

455,547

505,379

546,744

484,420

503,178

517,382

496,905

505,645

506,083

520,269

501,841

481,395

410,308

299,912

246,733

0

0

0

Other operating (loss) income

528

1,437

461

417

-4,825

11,224

12,257

12,288

16,973

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Railcar leasing

50,599

48,964

47,194

46,260

45,156

44,877

43,616

41,732

40,861

39,998

38,635

36,161

33,949

30,554

26,943

23,733

19,857

17,062

14,981

13,394

11,439

9,769

8,069

5,906

4,338

2,581

0

-

0

0

-

-

-

Railcar leasing

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

Railcar services

72,041

65,172

62,889

64,703

65,949

65,057

64,331

62,178

59,429

58,567

57,884

56,492

56,383

56,179

54,866

54,386

53,199

54,748

56,184

55,408

55,597

53,164

51,044

51,383

50,955

50,392

50,209

50,599

51,634

52,721

0

0

0

Total cost of revenues

385,734

400,257

362,142

359,354

373,561

403,875

433,237

476,953

546,408

539,171

563,402

631,789

545,252

546,130

593,525

533,666

578,435

618,554

555,585

571,980

584,418

559,838

564,758

563,372

575,756

555,053

532,920

461,589

351,892

299,658

0

0

0

Gross profit

109,412

115,651

116,258

117,489

138,393

132,295

144,397

162,180

186,113

221,055

238,338

257,547

233,729

223,026

221,142

199,340

201,210

197,148

182,012

178,612

176,675

170,586

160,476

148,351

125,132

103,389

83,221

57,796

35,445

23,060

0

0

0

Selling, general and administrative

39,157

37,427

36,703

36,892

37,590

34,910

33,188

32,343

31,939

33,124

31,142

30,866

26,407

26,209

27,714

29,420

29,391

28,982

25,827

27,705

28,634

27,833

31,632

26,931

30,557

27,131

24,729

25,047

0

0

0

-

-

Net gains on disposition of leased railcars

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Asset Impairment Charges

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain (Loss) on Contract Termination

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Selling, general and administrative (including costs from a related party of $582, $627 and $616 in 2011, 2010 and 2009, respectively)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Earnings from operations

77,396

75,049

79,838

80,712

100,965

97,503

111,327

130,109

154,399

188,098

207,388

226,706

207,485

196,980

193,566

170,058

171,819

168,166

156,185

150,907

148,041

142,753

128,844

121,420

94,575

76,258

58,492

32,749

14,335

-722

0

0

0

Interest income (including income from related parties of $166 and $578 for the three and nine months ended September 30, 2018, respectively, and $280 and $922 for the same periods in 2017)

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

3,086

3,341

3,516

3,654

3,923

3,687

0

0

0

Interest expense

21,280

21,471

21,663

21,854

22,047

22,238

22,428

22,803

22,940

22,953

22,969

21,801

18,335

14,539

10,688

7,622

6,848

6,511

6,009

7,337

8,988

11,890

15,639

17,765

19,778

19,842

20,082

20,291

20,459

21,300

0

0

0

Loss on debt extinguishment

-

-

-

-

-

-

-

-

-

-

-

-2,126

-2,126

-2,126

-2,126

-1,896

-1,896

-1,896

-1,896

-392

-2,659

-2,659

0

-

0

0

-

-

-

-

-

-

-

Other income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

Other income

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

3,892

3,894

3,898

1,905

42

39

0

-

0

0

-

0

0

Earnings from joint ventures

2,896

2,760

3,021

2,228

1,944

3,326

3,988

4,924

5,030

4,818

5,501

5,812

7,173

5,774

3,968

1,570

-6,576

-7,084

-8,223

-8,595

-2,764

-3,108

-1,838

-451

-628

-1,949

-5,244

-7,900

-9,187

-9,288

0

0

0

Earnings before income taxes

62,069

59,723

66,319

66,217

84,874

82,291

94,806

114,200

138,391

171,924

191,982

210,744

196,400

188,418

187,140

164,607

159,149

155,342

142,769

139,336

142,537

131,816

115,522

105,845

74,991

57,798

36,671

8,202

-11,360

-27,308

0

0

0

Income tax expense

-85,039

-83,170

-78,281

-75,960

32,263

30,849

34,367

41,537

51,863

63,728

70,713

77,291

76,375

73,926

73,401

65,074

57,969

57,016

53,040

52,440

55,563

51,802

45,766

42,022

30,546

23,337

15,002

3,866

-4,374

-10,414

0

0

0

Net earnings

147,108

142,893

144,600

142,177

52,611

51,442

60,439

72,663

86,528

108,196

121,269

133,453

120,025

114,492

113,739

99,533

101,180

98,326

89,729

86,896

86,974

80,014

69,756

63,823

44,445

34,461

21,669

4,336

-6,986

-16,894

0

0

0

Net earnings per common sharebasic and diluted (in dollars per share)

0.69

0.48

0.68

5.87

0.46

0.57

0.55

1.16

0.40

1.02

1.16

1.82

1.39

1.54

1.64

1.06

1.12

1.51

0.97

1.14

0.98

1.11

0.84

1.14

0.66

0.63

0.56

0.23

0.19

0.03

-0.25

-0.29

-0.28

Weighted average common shares outstandingbasic and diluted (in shares)

19,084

19,084

19,084

19,084

19,084

19,084

19,084

19,183

19,397

19,511

19,665

19,774

21,054

21,352

21,352

21,352

21,352

21,352

21,352

21,352

21,352

21,352

21,352

42,682

21,352

21,352

21

21,355

21,352

21,352

21,349

21,302

21,302

Cash dividends declared per common share (in dollars per share)

0.40

0.40

0.40

0.40

0.40

0.40

0.40

0.40

0.40

0.40

0.40

0.40

0.40

0.40

0.40

0.40

0.40

0.40

0.40

0.25

0.25

0.25

0.25

-

0.00

0.00

-

-

-

-

-

0.00

-