TA · Travelcenters of America Inc. /MD/ - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Revenue | $10.84B | $7.34B | $4.85B | $6.12B | $6.23B | $6.05B |
| Cost of Revenue | - | $5.75B | $3.44B | $4.59B | $4.79B | $4.56B |
| Gross Profit | - | $1.58B | $1.41B | $1.52B | $1.44B | $1.50B |
| R&D | - | - | - | - | - | - |
| SG&A | $190.06M | $155.35M | $145.04M | $155.47M | $136.38M | $154.66M |
| Total Operating Expenses | - | - | - | - | $1.42B | $1.54B |
| D&A | $109.70M | $96.51M | $127.79M | $100.26M | $83.18M | $128.42M |
| Operating Income | $252.89M | $123.05M | $10.78M | $65.28M | $26.72M | ($45.92M) |
| Interest Expense | - | - | - | - | - | - |
| Income Tax | $51.61M | $17.26M | ($6.18M) | $4.34M | ($1.57M) | ($84.44M) |
| Net Income | $164.06M | $58.52M | ($13.90M) | $33.34M | ($120.55M) | $9.26M |
| EPS - Basic | ($1.23) | - | - | - | - | - |
| EPS - Diluted | ($1.23) | - | - | - | - | - |
Balance Sheet
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $416.01M | $536.00M | $483.15M | $17.21M | $314.39M | $36.08M |
| Accounts Receivable | $206.62M | $111.39M | $94.43M | $173.50M | $97.45M | $125.50M |
| Inventory | $272.07M | $191.84M | $172.83M | $196.61M | $196.72M | $209.64M |
| Accounts Payable | $253.57M | $206.42M | $158.07M | $147.44M | $120.91M | $155.58M |
| Current Assets | $941.90M | $877.18M | $785.92M | $419.77M | $643.68M | $398.52M |
| Total Assets | $3.65B | $3.51B | $3.44B | $3.23B | $1.44B | $1.62B |
| Current Liabilities | $583.65M | $519.28M | $445.20M | $389.96M | $288.69M | $327.11M |
| Long-term Debt | $524.21M | $524.78M | $525.40M | $329.32M | $320.53M | $319.63M |
| Total Liabilities | $2.78B | $2.81B | $2.80B | $2.66B | $991.72M | $1.05B |
| Stockholders' Equity | $873.21M | $702.85M | $640.57M | $571.05M | $448.90M | $565.85M |
| Retained Earnings | $81.50M | ($82.56M) | ($141.08M) | ($127.19M) | ($246.77M) | ($125.42M) |
Cash Flow
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $183.66M | $154.46M | $244.41M | $82.47M | $81.61M | $35.67M |
| Investing Cash Flow | ($294.08M) | ($93.91M) | ($55.16M) | ($386.42M) | $199.30M | ($61.88M) |
| Financing Cash Flow | ($9.69M) | ($7.71M) | $276.64M | $6.67M | ($2.40M) | $841.0K |
| CapEx | - | - | $1.36M | - | $144.78M | $145.40M |
| Free Cash Flow | - | - | $243.05M | - | ($63.17M) | ($109.73M) |
Ratios
| Metric | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | 21.6% | 29.1% | 24.9% | 23.2% | 24.7% |
| Operating margin | 2.3% | 1.7% | 0.2% | 1.1% | 0.4% | -0.8% |
| EBITDA margin | 3.3% | 3.0% | 2.9% | 2.7% | 1.8% | 1.4% |
| Net margin | 1.5% | 0.8% | -0.3% | 0.5% | -1.9% | 0.2% |
| Free cash flow margin | - | - | 5.0% | - | -1.0% | -1.8% |
| FCF / Net income | - | - | -17.49 | - | 0.52 | -11.85 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 1.8% | 2.1% | 3.0% | 2.5% | 2.2% | 2.6% |
| Effective tax rate | 23.9% | 22.8% | - | 11.5% | - | - |
| Return on assets | 4.5% | 1.7% | -0.4% | 1.0% | -8.4% | 0.6% |
| Return on equity | 18.8% | 8.3% | -2.2% | 5.8% | -26.9% | 1.6% |
| Return on invested capital | 13.8% | 7.7% | 0.7% | 6.4% | 2.7% | -4.1% |
| Liquidity | ||||||
| Current ratio | 1.61 | 1.69 | 1.77 | 1.08 | 2.23 | 1.22 |
| Quick ratio | 1.15 | 1.32 | 1.38 | 0.57 | 1.55 | 0.58 |
| Cash ratio | 0.71 | 1.03 | 1.09 | 0.04 | 1.09 | 0.11 |
| Leverage | ||||||
| Debt / Equity | 0.60 | 0.75 | 0.82 | 0.58 | 0.71 | 0.56 |
| Debt / Assets | 0.14 | 0.15 | 0.15 | 0.10 | 0.22 | 0.20 |
| Debt / EBITDA | 1.45 | 2.39 | 3.79 | 1.99 | 2.92 | 3.87 |
| Interest coverage | - | - | - | - | - | - |
| Equity multiplier | 4.18 | 4.99 | 5.38 | 5.66 | 3.21 | 2.86 |
| Liabilities / Assets | 0.76 | 0.80 | 0.81 | 0.82 | 0.69 | 0.65 |
| Efficiency | ||||||
| Asset turnover | 2.97 | 2.09 | 1.41 | 1.89 | 4.32 | 3.74 |
| Inventory turnover | - | 29.99 | 19.88 | 23.37 | 24.33 | 21.74 |
| Days sales outstanding | 7d | 6d | 7d | 10d | 6d | 8d |
| Days inventory outstanding | - | 12d | 18d | 16d | 15d | 17d |
| Days payable outstanding | - | 13d | 17d | 12d | 9d | 12d |
| Cash conversion cycle | - | 5d | 9d | 14d | 11d | 12d |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 47.8% | 51.4% | -20.8% | -1.8% | 3.0% | 9.8% |
| Revenue CAGR (3y) | 21.0% | 5.6% | -7.1% | 3.5% | 2.1% | -8.0% |
| Revenue CAGR (5y) | 12.4% | 5.9% | -3.7% | -4.7% | -4.7% | -5.4% |
| Gross profit growth (YoY) | - | 12.3% | -7.4% | 5.4% | -3.4% | 1.3% |
| Operating income growth (YoY) | 105.5% | 1041.9% | -83.5% | 144.4% | - | - |
| Net income growth (YoY) | 180.3% | - | - | - | - | - |
| EPS growth (YoY) | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | 42.4% | 49.9% |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | 24.2% | 9.7% | 12.2% | 27.2% | -20.7% | 2.6% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-12-31.
Product / service
$9.28B totalFuel Products$5.37B · 57.9%
Nonfuel Products$1.95B · 21.0%
Storeand Retail Services Revenues$751.10M · 8.1%
Truck Service Revenues$747.08M · 8.0%
Restaurants Revenues$310.72M · 3.3%
Diesel Exhaust Fluid Revenues$137.84M · 1.5%
Rent And Royalties From Franchisees$15.42M · 0.2%
Stability scores
Altman Z′
FY 2022 · bankruptcy risk
3.40
Safe
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2022 · 9-point quality
6/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- ✓Long-term debt decreased
- ✗Current ratio improved
- -No share dilution
- -Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Retail-Auto Dealers & Gasoline Stations
Comparing TravelCenters of America Inc. /MD/ against the 5 most active filers in the same SIC group.