Motorcar Parts of America Inc. (MPAA) Financial Statements (2024 and earlier)

Company Profile

Business Address 2929 CALIFORNIA STREET
TORRANCE, CA 90503
State of Incorp. NY
Fiscal Year End March 31
Industry (SIC) 3714 - Motor Vehicle Parts and Accessories (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2023
MRQ
3/31/2023
3/31/2022
3/31/2021
3/31/2020
3/31/2019
3/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments13,60725,21817,17550,46613,18415,877
Cash and cash equivalents11,59623,01615,52349,6169,91113,049
Short-term investments2,0112,2021,6528503,2732,828
Receivables122,02485,37663,52795,03066,02423,534
Inventory, net of allowances, customer advances and progress billings339,675370,503288,361225,659233,72673,731
Inventory339,675370,503288,361225,659233,72673,731
Contract with customer, asset, after allowance for credit loss25,44327,50026,940  
Other undisclosed current assets36,72928,38826,85337,96139,94821,543
Total current assets:537,478536,985422,856409,116352,882134,685
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization    6,922
Operating lease, right-of-use asset87,61981,99771,51353,029
Property, plant and equipment46,05251,06253,85444,95735,15128,322
Intangible assets, net (including goodwill)5,3487,0048,5349,59811,6366,317
Goodwill 3,2053,2053,2053,2053,2052,551
Intangible assets, net (excluding goodwill) 2,1433,7995,3296,3938,4313,766
Other undisclosed intangible assets, net (including goodwill)      
Contract with customer, asset, after allowance for credit loss318,381310,255270,213  
Deferred income tax assets32,62526,98219,38118,950
Other noncurrent assets1,0621,4131,5311,8391,0717,392
Other undisclosed noncurrent assets    232,618231,622317,781
Total noncurrent assets:491,087478,713425,026367,913279,480359,812
TOTAL ASSETS:1,028,5651,015,698847,882777,029632,362494,497
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities141,766168,435152,73595,083107,06585,072
Accounts payable 119,437147,469129,33178,66492,46173,273
Accrued liabilities 22,32920,96623,40416,41914,60411,799
Other undisclosed accounts payable and accrued liabilities      
Deferred revenue40,34042,49641,07227,911
Debt150,715161,00090,318162,841115,6434,456
Other liabilities4,87111,9306,6839,3904,9904,471
Contract with customer, liability30,599
Other undisclosed current liabilities44,90042,54435,32323,26721,05786,953
Total current liabilities:382,592426,405326,131318,492279,354180,952
Noncurrent Liabilities
Long-term debt and lease obligation40,27393,82787,33781,88724,18717,609
Long-term debt, excluding current maturities40,27313,02416,78620,46224,18713,913
Capital lease obligations 3,696
Liabilities, other than long-term debt285,225180,203133,269101,13049,0666,183
Deferred revenue193,606172,764125,22392,101
Contract with customer, liability40,889
Deferred tax liabilities, net257226
Deferred income tax liabilities7181267379
Other liabilities11,5837,3137,9738,9507,9205,957
Operating lease, liability79,31880,80370,55161,425
Other undisclosed noncurrent liabilities      14,777
Total noncurrent liabilities:325,498274,030220,606183,01773,25338,569
Total liabilities:708,090700,435546,737501,509352,607219,521
Equity
Equity, attributable to parent320,475315,263301,145275,520279,755274,976
Common stock195191190190188189
Additional paid in capital231,836227,184223,058218,581215,047213,609
Accumulated other comprehensive income (loss)(303)(5,066)(7,696)(7,368)(6,887)(5,428)
Retained earnings88,74792,95485,59364,11771,40766,606
Total equity:320,475315,263301,145275,520279,755274,976
TOTAL LIABILITIES AND EQUITY:1,028,5651,015,698847,882777,029632,362494,497

Income Statement (P&L) ($ in thousands)

12/31/2023
TTM
3/31/2023
3/31/2022
3/31/2021
3/31/2020
3/31/2019
3/31/2018
Revenues683,074650,308540,782535,831472,797428,072
Revenue, net428,072
Cost of revenue
(Cost of Goods and Services Sold)
(569,112)(532,443)(431,321)(417,431)(383,623)(322,199)
Gross profit:113,962117,865109,461118,40089,174105,873
Operating expenses(77,516)(89,161)(62,828)(101,662)(73,528)(56,249)
Operating income:36,44628,70446,63316,73815,64649,624
Nonoperating expense
(Other Nonoperating expense)
      
Interest and debt expense(262)(345)(859)(819)(951)(1,060)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (14,911)(24,220)(22,276)(14,385)
Income (loss) from continuing operations before equity method investments, income taxes:36,18428,35930,863(8,301)(7,581)34,179
Other undisclosed loss from continuing operations before income taxes(39,293)(15,210)    
Income (loss) from continuing operations before income taxes:(3,109)13,14930,863(8,301)(7,581)34,179
Income tax expense (benefit)(1,098)(5,788)(9,387)1,011(268)(17,863)
Income (loss) from continuing operations:(4,207)7,36121,476(7,290)(7,849)16,316
Income (loss) before gain (loss) on sale of properties:7,36121,476(7,290)(7,849)16,316
Net income (loss) available to common stockholders, diluted:(4,207)7,36121,476(7,290)(7,849)16,316

Comprehensive Income ($ in thousands)

12/31/2023
TTM
3/31/2023
3/31/2022
3/31/2021
3/31/2020
3/31/2019
3/31/2018
Net income (loss):(4,207)7,36121,476(7,290)(7,849)16,316
Comprehensive income (loss):(4,207)7,36121,476(7,290)(7,849)16,316
Other undisclosed comprehensive income (loss), net of tax, attributable to parent4,7632,630(328)(481)(713)2,013
Comprehensive income (loss), net of tax, attributable to parent:5569,99121,148(7,771)(8,562)18,329

Statements Sources

The financial statements are based on the Company's filings with 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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