SP Plus Corporation (SP) financial statements (2021 and earlier)

Company profile

Business Address 200 E. RANDOLPH STREET
CHICAGO, IL 60601-7702
State of Incorp. DE
Fiscal Year End December 31
SIC 751 - Automotive Rental And Leasing, Without Drivers (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments14244023221918
Cash and cash equivalents14244023221918
Receivables111162151122121105109
Contract with customer, asset911 
Deferred costs 4 9111210
Deferred tax assets   1211
Other undisclosed current assets189177227
Total current assets:152211208161157150156
Noncurrent Assets
Operating lease, right-of-use asset235432
Property, plant and equipment53484027313543
Intangible assets, net (including goodwill)590     615
Goodwill527     433
Intangible assets, net (excluding goodwill)63     182
Deposits noncurrent assets      7
Deferred income tax assets64 
Other noncurrent assets34789824575591600627
Other undisclosed noncurrent assets10     (622)
Total noncurrent assets:9861,269865602622634669
TOTAL ASSETS:1,1381,4801,072763779784826
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities167230224193201184199
Accounts payable9811511010311095107
Accrued liabilities37868868656870
Employee-related liabilities32292622262122
Deferred revenue1319
Debt25181321201516
Other undisclosed current liabilities1131031078912
Total current liabilities:318370247220229208226
Noncurrent Liabilities
Long-term debt and lease obligation, including:337351374133175210238
Long-term debt, excluding current maturities 336361132175209237
Finance lease, liability21 
Operating lease, liability243 
Other undisclosed long-term debt and lease obligation7316131011
Liabilities, other than long-term debt62578397107117132
Deferred tax liabilities, net    6
Liability, pension and other postretirement and postemployment benefits3      
Off-market lease, unfavorable  2532405061
Other liabilities58575965666665
Other undisclosed noncurrent liabilities240328     
Total noncurrent liabilities:639736457230281326370
Total liabilities:9561,106704450510534596
Stockholders' equity
Stockholders' equity attributable to parent183374369313268250229
Common stock      0
Treasury stock, value(71)(55)(8)(8)(8)  
Additional paid in capital261263258255251248244
Accumulated other comprehensive loss(4)(3)(2)(1)(1)(1)(0)
Retained earnings (accumulated deficit)(3)17012167263(15)
Stockholders' equity attributable to noncontrolling interest(2)(0)00011
Total stockholders' equity:181374369313268250230
TOTAL LIABILITIES AND EQUITY:1,1381,4801,072763779784826

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1,0871,6641,4681,5911,6161,6161,515
Revenue, net1,5911,6161,6161,515
Cost of revenue(1,057)(1,436)(1,284)(1,405)(1,439)(1,446)(1,343)
Cost of goods and services sold   (1,405)(1,439)(1,446)(2,007)
Gross profit:30228184185176170171
Operating expenses(115)(138)(109)(104)(124)(131)(134)
Other undisclosed operating income (loss)(135)     2
Operating income (loss):(220)907581533939
Nonoperating income (expense)(21)(19)1(9)(11)(14)(14)
Other nonoperating income (expense)(0)001100
Interest and debt expense(22)(19)(10)(9)(11)(13)(18)
Other undisclosed income from continuing operations before equity method investments, income taxes2219109111318
Income (loss) from continuing operations before equity method investments, income taxes:(240)717672422526
Income from equity method investments1     2
Income (loss) from continuing operations before income taxes:(239)717672422528
Income tax expense (benefit)68(19)(20)(28)(16)(5)0
Income (loss) before gain (loss) on sale of properties:(172)525645262028
Other undisclosed net loss(1)     (2)
Net income (loss):(173)525645262026
Net income (loss) attributable to noncontrolling interest0(3)(3)(3)(3)(3)(3)
Net income (loss) available to common stockholders, diluted:(173)495341231723

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(173)525645262026
Other comprehensive income (loss)(2)(0)(1)0(0)(1)(0)
Comprehensive income (loss):(175)515645261926
Comprehensive income (loss), net of tax, attributable to noncontrolling interest0(3)(3)(3)(3)(3)(3)
Comprehensive income (loss), net of tax, attributable to parent:(175)495341231723

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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