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 thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments24,60029,80012,40018,40014,60023,400
Cash and cash equivalents24,60029,80012,40018,40014,60023,400
Receivables179,000159,000167,700153,200153,100136,000
Contract with customer, asset, after allowance for credit loss 2,5005001,800200  
Other undisclosed current assets10,70016,70014,90014,20021,90013,300
Total current assets:216,800206,000196,800186,000189,600172,700
Noncurrent Assets
Operating lease, right-of-use asset170,700160,500166,900175,400182,200191,100
Property, plant and equipment65,20063,30060,20054,70054,40052,100
Intangible assets, net (including goodwill)607,100609,400612,100575,500577,900578,300
Goodwill543,600543,300543,200526,300526,600526,700
Intangible assets, net (excluding goodwill)63,50066,10068,90049,20051,30051,600
Deferred income tax assets42,90043,90044,40045,70047,50049,300
Other noncurrent assets43,60042,40041,00042,60041,80045,600
Total noncurrent assets:929,500919,500924,600893,900903,800916,400
TOTAL ASSETS:1,146,3001,125,5001,121,4001,079,9001,093,4001,089,100
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities136,600140,400208,000128,700128,200118,500
Accounts payable136,600140,400133,400128,700128,200118,500
Accrued liabilities   74,600   
Deferred revenue12,3009,90017,40013,2008,3008,200
Debt13,50012,30012,40011,80012,10025,400
Other undisclosed current liabilities162,700155,900105,800164,800164,600167,100
Total current liabilities:325,100318,500343,600318,500313,200319,200
Noncurrent Liabilities
Long-term debt and lease obligation, including:352,200364,500331,800293,400297,200286,200
Finance lease, liability15,70015,90016,00014,30015,20015,600
Other undisclosed long-term debt and lease obligation336,500348,600315,800113,500105,20082,800
Liabilities, other than long-term debt227,600217,200220,30060,80058,50060,700
Other liabilities71,30066,70061,80060,80058,50060,700
Operating lease, liability156,300150,500158,500165,600176,800187,800
Other undisclosed noncurrent liabilities    165,600176,800187,800
Total noncurrent liabilities:579,800581,700552,100519,800532,500534,700
Total liabilities:904,900900,200895,700838,300845,700853,900
Equity
Equity, attributable to parent241,200225,200226,000241,700247,800235,500
Treasury stock, value(130,500)(130,500)(120,000)(98,200)(76,200)(70,600)
Additional paid in capital278,500275,300274,200274,100271,900269,300
Accumulated other comprehensive loss(1,100)(1,600)(1,800)(3,000)(2,400)(2,300)
Retained earnings94,30082,00073,60068,80054,50039,100
Equity, attributable to noncontrolling interest 200100(300)(100)(100)(300)
Total equity:241,400225,300225,700241,600247,700235,200
TOTAL LIABILITIES AND EQUITY:1,146,3001,125,5001,121,4001,079,9001,093,4001,089,100

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues442,200425,300418,300404,400381,000349,800
Cost of revenue
(Cost of Goods and Services Sold)
(376,300)(367,000)(365,000)(346,200)(322,200)(298,400)
Gross profit:65,90058,30053,30058,20058,80051,400
Operating expenses(40,600)(39,000)(39,900)(34,400)(33,200)(31,300)
Operating income:25,30019,30013,40023,80025,60020,100
Nonoperating expense(7,200)(6,700)(5,500)(3,800)(3,400)(4,600)
Interest and debt expense(7,300)(6,800)(5,500)(3,900)(3,500)(4,800)
Other undisclosed income from continuing operations before equity method investments, income taxes7,3006,8005,5003,9003,5004,800
Income from continuing operations before equity method investments, income taxes:18,10012,6007,90020,00022,20015,500
Income from equity method investments    2,500600900
Income from continuing operations before income taxes:18,10012,6007,90022,50022,80016,400
Income tax expense(4,800)(3,300)(2,500)(4,900)(5,900)(4,200)
Income from continuing operations:13,3009,3005,40017,60016,90012,200
Income before gain (loss) on sale of properties:17,60016,90012,200
Other undisclosed net loss    (2,500)(600)(900)
Net income:13,3009,3005,40015,10016,30011,300
Net loss attributable to noncontrolling interest(1,000)(900)(600)(800)(900)(600)
Net income available to common stockholders, diluted:12,3008,4004,80014,30015,40010,700

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:13,3009,3005,40015,10016,30011,300
Other comprehensive income (loss)5002001,200(600)(100)500
Comprehensive income:13,8009,5006,60014,50016,20011,800
Comprehensive loss, net of tax, attributable to noncontrolling interest(1,000)(900)(600)(800)(900)(600)
Comprehensive income, net of tax, attributable to parent:12,8008,6006,00013,70015,30011,200

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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