Modine Manufacturing Company (MOD) financial statements (2020 and earlier)

Company profile

Business Address 1500 DEKOVEN AVE
RACINE, WI 53403
State of Incorp. WI
Fiscal Year End March 31
SIC 3714 - Motor Vehicle Parts and Accessories (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
TTM
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments36423934697487
Cash and cash equivalents36423934697187
Short-term investments     3 
Receivables284339342295189193221
Inventory, net of allowances, customer advances and progress billings224201191169111108117
Inventory224201191169111108117
Deferred tax assets    1313
Other current assets68667055448061
Other undisclosed current assets     (3) 
Total current assets:611647643553413464499
Noncurrent Assets
Property, plant and equipment467485504459339322360
Intangible assets, net (including goodwill)278285304299242641
Goodwill168169174165161629
Intangible assets, net (excluding goodwill)11011613013481012
Deferred income tax assets96
Other noncurrent assets83252530231734
Deferred tax assets, net979710812310399
Total noncurrent assets:924891930896508467534
TOTAL ASSETS:1,5351,5381,5731,4509219321,032
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities306363375305201209242
Accounts payable237281278230142152171
Employee-related liabilities70829775595771
Debt11711593105371933
Deferred tax liabilities    (0)(1)
Other liabilities50404745368382
Other undisclosed current liabilities     01
Total current liabilities:474517516455274311357
Noncurrent Liabilities
Long-term debt and lease obligation, including:330335386406126130131
Finance lease, liability3
Operating lease, liability53
Other undisclosed long-term debt and lease obligation274335386406126130131
Liabilities, other than long-term debt188145173167139130115
Pension and other postretirement defined benefit plans, liabilities86
Deferred tax liabilities, net81010437
Deferred income tax liabilities9
Liability, pension and other postretirement and postemployment benefits96102110119119110
Other liabilities84355438161622
Total noncurrent liabilities:518480559573265260247
Total liabilities:9929971,0751,028538571604
Stockholders' equity
Stockholders' equity attributable to parent537534490414376356425
Common stock33333332313030
Treasury stock, value(37)(31)(27)(25)(24)(16)(15)
Additional paid in capital244239230216186181176
Accumulated other comprehensive loss(179)(178)(140)(182)(174)(199)(104)
Retained earnings477472395372358360338
Stockholders' equity attributable to noncontrolling interest6787754
Total stockholders' equity:543541499421383361429
TOTAL LIABILITIES AND EQUITY:1,5351,5381,5731,4509219321,032

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

12/31/2019
TTM
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
Revenues2,0592,2132,1031,5031,3531,4961,478
Revenue, net2,1031,5031,3531,4961,478
Cost of revenue
(Cost of Goods and Services Sold)
(1,735)(1,847)(1,747)(1,250)(1,129)(1,250)(1,239)
Gross profit:324366357253224247238
Operating expenses(273)(254)(264)(216)(231)(262)(266)
Other undisclosed operating income (loss)(1)(2) 2 6865
Operating income (loss):511109239(8)5337
Nonoperating income (expense)(4)(4)(3)(1)9(0)(2)
Investment income, nonoperating     11
Foreign currency transaction loss, before tax     (1)(2)
Other nonoperating income (expense)(4)(4)(3)(1)90(1)
Interest and debt expense(23)(25)(26)(17)(11)(12)(12)
Other undisclosed income from continuing operations before equity method investments, income taxes     02
Income (loss) from continuing operations before equity method investments, income taxes:23816321(10)4124
Income from equity method investments     11
Income (loss) from continuing operations before income taxes:23816321(10)4225
Income tax expense (benefit)(13)5(40)(6)9(19)108
Other undisclosed loss from continuing operations     (1)(1)
Income (loss) from continuing operations:11862415(1)22132
Income from discontinued operations     1 
Net income (loss):11862415(1)23132
Net loss attributable to noncontrolling interest (1)(2)(1)(1)(1)(2)
Net income (loss) attributable to parent:11852214(2)22130
Other undisclosed net loss available to common stockholders, basic(0)(0)(0)(0) (0)(2)
Net income (loss) available to common stockholders, diluted:11842214(2)22129

Comprehensive Income ($ in millions)

12/31/2019
TTM
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
Net income (loss):11862415(1)23132
Other comprehensive income (loss)(9)(39)42(8)24(95)25
Comprehensive income (loss):24766723(72)157
Comprehensive income (loss), net of tax, attributable to noncontrolling interest0(1)(2)(1)(1)(1)2
Other undisclosed comprehensive loss, net of tax, attributable to parent(0)     (3)
Comprehensive income (loss), net of tax, attributable to parent:24764723(73)155

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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