Modine Manufacturing Company (MOD) financial statements (2021 and earlier)

Company profile

Business Address 1500 DEKOVEN AVE
RACINE, WI 53403
State of Incorp. WI
Fiscal Year End March 31
SIC 3714 - Motor Vehicle Parts and Accessories (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
Q3
9/30/2019
Q2
6/30/2019
Q1
3/31/2019
Q4
12/31/2018
Q3
9/30/2018
Q2
6/30/2018
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments36322942313641
Cash and cash equivalents36322942313641
Receivables284310337339302339348
Inventory, net of allowances, customer advances and progress billings224223216201211211204
Inventory224223216201211211204
Other current assets68777066726869
Total current assets:611642652647615654661
Noncurrent Assets
Finance lease, right-of-use asset 99 
Operating lease, right-of-use asset 6565 
Property, plant and equipment467466479485489486487
Intangible assets, net (including goodwill)278276283285289292295
Goodwill168166169169169170170
Intangible assets, net (excluding goodwill)110110114116120122125
Regulated entity, other noncurrent assets 44    
Deferred income tax assets96   
Other noncurrent assets83838925242525
Deferred tax assets, net979710095
Other undisclosed noncurrent assets 2021    
Total noncurrent assets:924922949891898902901
TOTAL ASSETS:1,5351,5651,6011,5381,5131,5561,563
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities306334350363319363357
Accounts payable237260273281246285277
Employee-related liabilities70747882747880
Debt117233155115113116134
Other liabilities50515340424447
Total current liabilities:474618558517475522538
Noncurrent Liabilities
Long-term debt and lease obligation, including:330232302335354364372
Finance lease, liability344 
Operating lease, liability535351 
Other undisclosed long-term debt and lease obligation274176248335354364372
Liabilities, other than long-term debt188180186145143146167
Deferred tax liabilities, net8999
Deferred income tax liabilities9   
Liability, pension and other postretirement and postemployment benefits969710010299102105
Other liabilities84848635353653
Other undisclosed noncurrent liabilities 99    
Total noncurrent liabilities:518421497480498510539
Total liabilities:9921,0391,0559979721,0331,077
Stockholders' equity
Stockholders' equity attributable to parent537520540534534517480
Common stock33333333333333
Treasury stock, value(37)(37)(37)(31)(31)(31)(31)
Additional paid in capital244243240239237235232
Accumulated other comprehensive loss(179)(195)(176)(178)(170)(168)(164)
Retained earnings477475480472466448409
Stockholders' equity attributable to noncontrolling interest6667777
Total stockholders' equity:543526546541541523486
TOTAL LIABILITIES AND EQUITY:1,5351,5651,6011,5381,5131,5561,563

Income statement (P&L) ($ in millions)

12/31/2019
Q3
9/30/2019
Q2
6/30/2019
Q1
3/31/2019
Q4
12/31/2018
Q3
9/30/2018
Q2
6/30/2018
Q1
Revenues473500529557541549566
Cost of revenue
(Cost of Goods and Services Sold)
(400)(425)(446)(465)(449)(461)(472)
Gross profit:74768392928894
Operating expenses(66)(70)(65)(71)(58)(65)(60)
Other undisclosed operating income (loss)1  (2)   
Operating income:861819342335
Nonoperating income (expense)0(1)(1)(2)(1)(1)(1)
Investment income, nonoperating     0 
Foreign currency transaction loss, before tax     (0) 
Other nonoperating income (expense)0(1)(1)(2)(1)(1)(1)
Interest and debt expense(6)(6)(6)(6)(6)(7)(6)
Income (loss) from continuing operations before income taxes:3(1)1111271628
Income tax expense (benefit)(2)(4)(3)(4)(9)23(5)
Net income (loss):1(5)86183923
Net income (loss) attributable to noncontrolling interest00(0)(0)(0)(0)(1)
Net income (loss) attributable to parent:1(5)86183922
Other undisclosed net loss available to common stockholders, basic   (0)(0)(0)(0)
Net income (loss) available to common stockholders, diluted:1(5)86183822

Comprehensive Income ($ in millions)

12/31/2019
Q3
9/30/2019
Q2
6/30/2019
Q1
3/31/2019
Q4
12/31/2018
Q3
9/30/2018
Q2
6/30/2018
Q1
Net income (loss):1(5)86183923
Other comprehensive income (loss)16(19)2(8)(2)(5)(24)
Comprehensive income (loss):17(23)10(2)1634(1)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest00(0)(0)(0)(0)(0)
Other undisclosed comprehensive loss, net of tax, attributable to parent(0)      
Comprehensive income (loss), net of tax, attributable to parent:17(23)10(2)1634(1)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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