Standard Motor Products Inc. (SMP) Financial Statements (2025 and earlier)

Company Profile

Business Address 37-18 NORTHERN BLVD.
LONG ISLAND CITY, NY 11101
State of Incorp. NY
Fiscal Year End December 31
Industry (SIC) 3714 - Motor Vehicle Parts and Accessories (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments332122191011
Cash and cash equivalents332122191011
Receivables160168181198136158
Inventory, net of allowances, customer advances and progress billings(43)(43)(46)(49)(46)(44)
Inventory(43)(43)(46)(49)(46)(44)
Other undisclosed current assets594616555430449422
Total current assets:744762711599549546
Noncurrent Assets
Operating lease, right-of-use asset10050403036
Property, plant and equipment122107103899091
Long-term investments and receivables 4244413932
Long-term investments 4244413932
Intangible assets, net (including goodwill)227233238132143116
Goodwill135132132787867
Intangible assets, net (excluding goodwill)92101106546548
Deferred income tax assets4134364537
Other noncurrent assets352825221916
Other undisclosed noncurrent assets 24    42
Total noncurrent assets:549492487358363297
TOTAL ASSETS:1,2931,2551,198957913843
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities137121182136119115
Employee-related liabilities45362721
Accounts payable107891371009394
Accrued liabilities3031    
Debt555128105749
Customer refund liability4237    
Other undisclosed current liabilities120110166157133149
Total current liabilities:304323476303309313
Noncurrent Liabilities
Long-term debt and lease obligation1511853123290
Long-term debt, excluding current maturities1511850000
Liabilities, other than long-term debt18712678817163
Accounts payable and accrued liabilities262225262118
Estimated litigation liability726353555045
Operating lease, liability8941312228
Total noncurrent liabilities:3383111091049963
Total liabilities:642634585406409376
Equity
Equity, attributable to parent635610602550504467
Common stock484848484848
Treasury stock, value(82)(95)(76)(61)(55)(54)
Additional paid in capital102106105105103102
Accumulated other comprehensive loss(6)(12)(8)(6)(9)(10)
Retained earnings573564532464417380
Equity, attributable to noncontrolling interest161111   
Total equity:651621613550504467
TOTAL LIABILITIES AND EQUITY:1,2931,2551,198957913843

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

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues1,3581,3721,2991,1291,1381,092
Cost of revenue
(Cost of Goods and Services Sold)
(969)(989)(922)(792)(806)(779)
Gross profit:389383377337332313
Operating expenses(296)(279)(248)(228)(237)(236)
Other operating income (expense), net000(0)(0) 
Other undisclosed operating income     4
Operating income:931041291099481
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
25313(0)
Interest and debt expense(13)(11)(2)(2)(5)(4)
Income from continuing operations before equity method investments, income taxes:82981301079277
Income (loss) from equity method investments    13(1)
Other undisclosed income (loss) from continuing operations before income taxes    (1)(3)1
Income from continuing operations before income taxes:82981301079277
Income tax expense(18)(25)(31)(27)(23)(20)
Income from continuing operations:637399806957
Income before gain (loss) on sale of properties:91806957
Loss from discontinued operations(29)(18)(8)   
Net income:345591806957
Net loss attributable to noncontrolling interest(0)(0)(0)   
Other undisclosed net loss attributable to parent    (23)(11)(14)
Net income available to common stockholders, diluted:345591575843

Comprehensive Income ($ in millions)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:345591806957
Other comprehensive income (loss)7(4)(2)  (0)
Comprehensive income:415188806957
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)0(0)   
Other undisclosed comprehensive loss, net of tax, attributable to parent    (20)(10)(19)
Comprehensive income, net of tax, attributable to parent:415188605938

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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