TRINITY INDUSTRIES INC (TRN) FY2026 YTD Q2 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2026-01-01 to 2026-06-30

Swipe to see the full flow
TRINITY INDUSTRIES INC cash flow reconciliation, Jan 1, 2026 through Jun 30, 2026One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net income → Net cash from operating activities: $123,100,000.00Depreciation and amortization → Operating adjustments reconciliation: $144,100,000.00(Increase) decrease in receivables → Operating adjustments reconciliation: $46,300,000.00Provision (benefit) for deferred income taxes → Operating adjustments reconciliation: $35,400,000.00(Increase) decrease in income tax receivable → Operating adjustments reconciliation: $20,800,000.00Increase (decrease) in accounts payable → Operating adjustments reconciliation: $12,300,000.00Stock-based compensation expense → Operating adjustments reconciliation: $10,400,000.00Loss from discontinued operations, net of benefit for income taxes of $1.1, $0.5, $1.7, and $1.1 → Operating adjustments reconciliation: $5,700,000.00Non-cash interest expense → Operating adjustments reconciliation: $5,400,000.00Other → Operating adjustments reconciliation: $3,800,000.00(Increase) decrease in other assets → Operating adjustments reconciliation: $3,200,000.00Increase (decrease) in other liabilities → Operating adjustments reconciliation: $500,000.00Operating adjustments reconciliation → Net cash from operating activities: $43,600,000.00Operating adjustments reconciliation → Gain on Divestiture of Partially-owned Leasing Subsidiary: $131,600,000.00Operating adjustments reconciliation → (Increase) decrease in inventories: $64,500,000.00Operating adjustments reconciliation → Gain (Loss) on Sale of Property, Plant and Equipment, Railroad Transportation Equipment: $30,200,000.00Operating adjustments reconciliation → Increase (decrease) in accrued liabilities: $10,200,000.00Operating adjustments reconciliation → Net cash used in operating activities – discontinued operations: $5,700,000.00Operating adjustments reconciliation → Gains on dispositions of property and other assets: $2,100,000.00Proceeds From Sale Of Property Subject To Or Available For Operating Lease → investing reconciliation: $114,300,000.00Proceeds from dispositions of property and other assets → investing reconciliation: $6,700,000.00investing reconciliation → Capital expenditures – lease fleet: $240,300,000.00investing reconciliation → Payments to Acquire Equity Method Investments: $37,600,000.00investing reconciliation → Capital expenditures – operating and administrative: $18,000,000.00investing reconciliation → Cash Divested from Deconsolidation: $6,900,000.00Net cash used in financing activities → financing reconciliation: $38,600,000.00Proceeds from Debt, Net of Issuance Costs → financing reconciliation: $549,100,000.00financing reconciliation → Payments to retire debt: $503,400,000.00financing reconciliation → Dividends paid to common shareholders: $50,500,000.00financing reconciliation → Payments for Repurchase of Common Stock: $20,300,000.00financing reconciliation → Purchase of shares to satisfy employee tax on vested stock: $9,300,000.00financing reconciliation → Distributions to noncontrolling interest: $4,200,000.00Net cash used in investing activities → investing reconciliation: $181,800,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $323,600,000.00Net cash from operating activities → Cash sources and uses: $166,700,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $269,900,000.00Cash sources and uses → Net cash used in investing activities: $181,800,000.00Cash sources and uses → Net cash used in financing activities: $38,600,000.00Net income: $123,100,000.00Net income+$123.10 MIncrease (decrease) in accounts payable: $12,300,000.00Accounts payable+$12.30 MGain (Loss) on Sale of Property, Plant and Equipment, Railroad Transportation Equipment: -$30,200,000.00Railroad equipment gain & loss−$30.20 M(Increase) decrease in inventories: -$64,500,000.00Inventories−$64.50 MOther: $3,800,000.00Other non-cash items+$3.80 MProvision (benefit) for deferred income taxes: $35,400,000.00Deferred income taxes+$35.40 MLoss from discontinued operations, net of benefit for income taxes of $1.1, $0.5, $1.7, and $1.1: $5,700,000.00Discontinued operations, net+$5.70 MIncrease (decrease) in accrued liabilities: -$10,200,000.00Accrued liabilities−$10.20 M(Increase) decrease in receivables: $46,300,000.00Accounts receivable+$46.30 MGains on dispositions of property and other assets: -$2,100,000.00PP&E & other asset gains−$2.10 M(Increase) decrease in other assets: $3,200,000.00Other operating assets+$3.20 MDepreciation and amortization: $144,100,000.00Depreciation & amortization+$144.10 MIncrease (decrease) in other liabilities: $500,000.00Other operating liabilities+$500.00 KNon-cash interest expense: $5,400,000.00Debt cost amortization+$5.40 MStock-based compensation expense: $10,400,000.00Stock-based compensation+$10.40 M(Increase) decrease in income tax receivable: $20,800,000.00Income taxes receivable+$20.80 MGain on Divestiture of Partially-owned Leasing Subsidiary: -$131,600,000.00Divested leasing subsidiary gain−$131.60 MLoss on extinguishment of debt: $0.00Net cash used in operating activities – discontinued operations: -$5,700,000.00Discontinued operations cash−$5.70 MNet cash from operating activities: $166,700,000.00Operating cash+$166.70 MOperating adjustments reconciliation: $287,900,000.00Payments to settle contingent consideration liability: $0.00Payments to retire debt: -$503,400,000.00Debt & capital securities repaid−$503.40 MPurchase of shares to satisfy employee tax on vested stock: -$9,300,000.00Stock-award tax withholding−$9.30 MPayments for Repurchase of Common Stock: -$20,300,000.00Common stock repurchases−$20.30 MDividends paid to common shareholders: -$50,500,000.00Common dividends paid−$50.50 MDistributions to noncontrolling interest: -$4,200,000.00Noncontrolling interests, net−$4.20 MProceeds from Debt, Net of Issuance Costs: $549,100,000.00Debt issued, net of costs+$549.10 MNet cash used in financing activities: -$38,600,000.00. Cash required to fund net payments.Financing cash−$38.60 Mfinancing reconciliation: $587,700,000.00Proceeds From Sale Of Property Subject To Or Available For Operating Lease: $114,300,000.00Operating lease property sales+$114.30 MCapital expenditures – operating and administrative: -$18,000,000.00PP&E purchases−$18.00 MProceeds from dispositions of property and other assets: $6,700,000.00Other asset sales+$6.70 MCapital expenditures – lease fleet: -$240,300,000.00Lease equipment purchases−$240.30 MCash Divested from Deconsolidation: -$6,900,000.00Cash deconsolidated−$6.90 MPayments to Acquire Equity Method Investments: -$37,600,000.00Equity-method investments made−$37.60 MNet cash used in investing activities: -$181,800,000.00. Cash required to fund net payments.Investing cash−$181.80 Minvesting reconciliation: $302,800,000.00Cash sources and uses: $490,300,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $323,600,000.00Beginning cash$323.60 MEnding cash: Cash, cash equivalents, and restricted cash: $269,900,000.00Ending cash$269.90 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$148.70 MOperating cash − cash spent on PP&ECash flow / Net income1.35×Operating cash flow ÷ net incomeNet cash change−$53.70 MEnding cash − beginning cash
Chart details

TRINITY INDUSTRIES INC cash flow reconciliation, Jan 1, 2026 through Jun 30, 2026

Cash flows for Jan 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2025. Ending cash: Jun 30, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Dec 31, 2025
323,600,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
166,700,000 US dollars. Net cash provided.
Net income
123,100,000 US dollars
Increase (decrease) in accounts payable
12,300,000 US dollars
Gain (Loss) on Sale of Property, Plant and Equipment, Railroad Transportation Equipment
negative 30,200,000 US dollars
(Increase) decrease in inventories
negative 64,500,000 US dollars
Other
3,800,000 US dollars
Provision (benefit) for deferred income taxes
35,400,000 US dollars
Loss from discontinued operations, net of benefit for income taxes of $1.1, $0.5, $1.7, and $1.1
5,700,000 US dollars
Increase (decrease) in accrued liabilities
negative 10,200,000 US dollars
(Increase) decrease in receivables
46,300,000 US dollars
Gains on dispositions of property and other assets
negative 2,100,000 US dollars
(Increase) decrease in other assets
3,200,000 US dollars
Depreciation and amortization
144,100,000 US dollars
Increase (decrease) in other liabilities
500,000 US dollars
Non-cash interest expense
5,400,000 US dollars
Stock-based compensation expense
10,400,000 US dollars
(Increase) decrease in income tax receivable
20,800,000 US dollars
Gain on Divestiture of Partially-owned Leasing Subsidiary
negative 131,600,000 US dollars
Loss on extinguishment of debt
0 US dollars
Net cash used in operating activities – discontinued operations
negative 5,700,000 US dollars
Investing activities
negative 181,800,000 US dollars. Net cash used.
Proceeds From Sale Of Property Subject To Or Available For Operating Lease
114,300,000 US dollars
Capital expenditures – operating and administrative
negative 18,000,000 US dollars
Proceeds from dispositions of property and other assets
6,700,000 US dollars
Capital expenditures – lease fleet
negative 240,300,000 US dollars
Cash Divested from Deconsolidation
negative 6,900,000 US dollars
Payments to Acquire Equity Method Investments
negative 37,600,000 US dollars
Financing activities
negative 38,600,000 US dollars. Net cash used.
Payments to settle contingent consideration liability
0 US dollars
Payments to retire debt
negative 503,400,000 US dollars
Purchase of shares to satisfy employee tax on vested stock
negative 9,300,000 US dollars
Payments for Repurchase of Common Stock
negative 20,300,000 US dollars
Dividends paid to common shareholders
negative 50,500,000 US dollars
Distributions to noncontrolling interest
negative 4,200,000 US dollars
Proceeds from Debt, Net of Issuance Costs
549,100,000 US dollars
Operating adjustment reconciliation
287,900,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
587,700,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
302,800,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
0 US dollars
Ending cash on Jun 30, 2026
269,900,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
490,300,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 53,700,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
1.35×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
166,700,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
18,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
148,700,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $43.60M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 166,700,000 US dollars minus 18,000,000 US dollars equals 148,700,000 US dollars.
TRINITY INDUSTRIES INC (TRN) FY2026 YTD Q2 Statement of Cash Flows Sankey chart
Free to share unchanged, with credit to Plicit.ai · CC BY-NC-ND 4.0Download PNG

Newsletter

Get the teardowns by email

Subscribe if you want the public-company teardowns in your inbox when they're released.

Product waitlist

Health Check and Teardown for your own company

A health check uncovers insights of your private books, not a public ticker. Join this list to get notified as soon as we go-live!