SP Plus Corporation (SP) Financial Statements (2024 and earlier)

Company Profile

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

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

3/31/2024
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 investments191216142440
Cash and cash equivalents191216142440
Receivables181168140111162151
Contract with customer, asset, after allowance for credit loss122911 
Deferred costs     4 
Other undisclosed current assets11153018917
Total current assets:212197188152211208
Noncurrent Assets
Operating lease, right-of-use asset179167201235432
Property, plant and equipment686049534840
Intangible assets, net (including goodwill)604612581590  
Goodwill545543527527  
Intangible assets, net (excluding goodwill)60695463  
Deferred income tax assets43445164 
Other noncurrent assets45414734789824
Other undisclosed noncurrent assets    10  
Total noncurrent assets:9409259299861,269865
TOTAL ASSETS:1,1521,1211,1161,1381,4801,072
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities208208183167230224
Employee-related liabilities26322926
Accounts payable13713311998115110
Accrued liabilities 717539378688
Deferred revenue1817161319
Debt171226251813
Other undisclosed current liabilities9610610811310310
Total current liabilities:337344333318370247
Noncurrent Liabilities
Long-term debt and lease obligation, including:336332298337351374
Long-term debt, excluding current maturities     336361
Finance lease, liability17161421 
Other undisclosed long-term debt and lease obligation31931684731613
Liabilities, other than long-term debt22822066625783
Liability, pension and other postretirement and postemployment benefits   33  
Off-market lease, unfavorable      25
Other liabilities706263585759
Operating lease, liability158159200243 
Other undisclosed noncurrent liabilities   197240328 
Total noncurrent liabilities:564552561639736457
Total liabilities:9018968949561,106704
Equity
Equity, attributable to parent251226223183374369
Treasury stock, value(131)(120)(71)(71)(55)(8)
Additional paid in capital278274268261263258
Accumulated other comprehensive loss(1)(2)(3)(4)(3)(2)
Retained earnings (accumulated deficit)1057428(3)170121
Equity, attributable to noncontrolling interest(0)(0)(0)(2)(0)0
Total equity:251226222181374369
TOTAL LIABILITIES AND EQUITY:1,1521,1211,1161,1381,4801,072

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues1,7821,5541,1771,0871,6641,468
Cost of revenue(1,528)(1,332)(997)(1,057)(1,436)(1,284)
Cost of goods and services sold(1,528)(1,332)(997)   
Gross profit:25422218030228184
Operating expenses(177)(139)(113)(115)(138)(109)
Other undisclosed operating loss    (135)  
Operating income (loss):788367(220)9075
Nonoperating income (expense)(29)(17)(21)(21)(19)1
Other nonoperating income (expense)   0(0)00
Interest and debt expense(29)(18)(21)(22)(19)(10)
Other undisclosed income from continuing operations before equity method investments, income taxes291821221910
Income (loss) from continuing operations before equity method investments, income taxes:496646(240)7176
Income from equity method investments   11  
Income (loss) from continuing operations before income taxes:496647(239)7176
Income tax expense (benefit)(14)(18)(11)68(19)(20)
Income (loss) from continuing operations:354837(172)5256
Income (loss) before gain (loss) on sale of properties:37(172)5256
Other undisclosed net loss   (1)(1)  
Net income (loss):354835(173)5256
Net income (loss) attributable to noncontrolling interest(4)(3)(4)0(3)(3)
Net income (loss) available to common stockholders, diluted:314532(173)4953

Comprehensive Income ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):354835(173)5256
Other comprehensive income (loss)112(2)(0)(1)
Comprehensive income (loss):354937(175)5156
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(4)(3)(4)0(3)(3)
Comprehensive income (loss), net of tax, attributable to parent:324633(175)4953

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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