Modine Manufacturing Company (MOD) financial statements (2023 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)
| 12/31/2021 TTM | 3/31/2021 | 3/31/2020 | 3/31/2019 | 3/31/2018 | 3/31/2017 | 3/31/2016 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 61 | 38 | 71 | 42 | 39 | 34 | 69 | ||
| Cash and cash equivalents | 61 | 38 | 71 | 42 | 39 | 34 | 69 | ||
| Receivables | 309 | 268 | 293 | 339 | 342 | 295 | 189 | ||
| Inventory, net of allowances, customer advances and progress billings | 278 | 196 | 207 | 201 | 191 | 169 | 111 | ||
| Inventory | 278 | 196 | 207 | 201 | 191 | 169 | 111 | ||
| Disposal group, including discontinued operation | 108 | ||||||||
| Other current assets | 53 | 36 | 63 | 66 | 70 | 55 | 44 | ||
| Total current assets: | 702 | 645 | 633 | 647 | 643 | 553 | 413 | ||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 318 | 270 | 448 | 485 | 504 | 459 | 339 | ||
| Intangible assets, net (including goodwill) | 263 | 271 | 272 | 285 | 304 | 299 | 24 | ||
| Goodwill | 170 | 171 | 166 | 169 | 174 | 165 | 16 | ||
| Intangible assets, net (excluding goodwill) | 93 | 101 | 106 | 116 | 130 | 134 | 8 | ||
| Deferred income tax assets | 29 | 25 | 105 | ✕ | ✕ | ✕ | ✕ | ||
| Other noncurrent assets | 70 | 66 | 78 | 25 | 25 | 30 | 23 | ||
| Deferred tax assets, net | ✕ | ✕ | ✕ | 97 | 97 | 108 | 123 | ||
| Total noncurrent assets: | 680 | 632 | 903 | 891 | 930 | 896 | 508 | ||
| TOTAL ASSETS: | 1,381 | 1,277 | 1,536 | 1,538 | 1,573 | 1,450 | 921 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 360 | 300 | 292 | 363 | 375 | 305 | 201 | ||
| Accounts payable | 295 | 234 | 227 | 281 | 278 | 230 | 142 | ||
| Employee-related liabilities | 64 | 67 | 65 | 82 | 97 | 75 | 59 | ||
| Debt | 22 | 23 | 30 | 115 | 93 | 105 | 37 | ||
| Disposal group, including discontinued operation | 103 | ||||||||
| Other liabilities | 53 | 42 | 49 | 40 | 47 | 45 | 36 | ||
| Total current liabilities: | 434 | 469 | 372 | 517 | 516 | 455 | 274 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 369 | 311 | 452 | 335 | 386 | 406 | 126 | ||
| Finance lease, liability | 3 | 3 | 3 | ✕ | ✕ | ✕ | ✕ | ||
| Operating lease, liability | 42 | 45 | 50 | ✕ | ✕ | ✕ | ✕ | ||
| Other undisclosed long-term debt and lease obligation | 324 | 263 | 398 | 335 | 386 | 406 | 126 | ||
| Liabilities, other than long-term debt | 141 | 140 | 219 | 145 | 173 | 167 | 139 | ||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | 8 | 10 | 10 | 4 | ||
| Deferred income tax liabilities | 6 | 6 | 8 | ✕ | ✕ | ✕ | ✕ | ||
| Liability, pension and other postretirement and postemployment benefits | 61 | 59 | 131 | 102 | 110 | 119 | 119 | ||
| Other liabilities | 74 | 76 | 80 | 35 | 54 | 38 | 16 | ||
| Total noncurrent liabilities: | 510 | 451 | 671 | 480 | 559 | 573 | 265 | ||
| Total liabilities: | 944 | 921 | 1,043 | 997 | 1,075 | 1,028 | 538 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 430 | 349 | 488 | 534 | 490 | 414 | 376 | ||
| Common stock | 34 | 34 | 33 | 33 | 33 | 32 | 31 | ||
| Treasury stock, value | (40) | (38) | (37) | (31) | (27) | (25) | (24) | ||
| Additional paid in capital | 261 | 255 | 245 | 239 | 230 | 216 | 186 | ||
| Accumulated other comprehensive loss | (161) | (161) | (223) | (178) | (140) | (182) | (174) | ||
| Retained earnings | 336 | 259 | 470 | 472 | 395 | 372 | 358 | ||
| Stockholders' equity attributable to noncontrolling interest | 7 | 7 | 6 | 7 | 8 | 7 | 7 | ||
| Total stockholders' equity: | 438 | 356 | 494 | 541 | 499 | 421 | 383 | ||
| TOTAL LIABILITIES AND EQUITY: | 1,381 | 1,277 | 1,536 | 1,538 | 1,573 | 1,450 | 921 | ||
Income statement (P&L) ($ in millions)
| 12/31/2021 TTM | 3/31/2021 | 3/31/2020 | 3/31/2019 | 3/31/2018 | 3/31/2017 | 3/31/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,782 | 1,808 | 1,976 | 2,213 | 2,103 | 1,503 | 1,353 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 2,103 | 1,503 | 1,353 | |
| Cost of revenue (Cost of Goods and Services Sold) | (1,507) | (1,515) | (1,668) | (1,847) | (1,747) | (1,250) | (1,129) | |
| Gross profit: | 275 | 293 | 308 | 366 | 357 | 253 | 224 | |
| Operating expenses | (299) | (391) | (270) | (254) | (264) | (216) | (231) | |
| Other undisclosed operating income (loss) | (7) | 1 | (2) | 2 | ||||
| Operating income (loss): | (31) | (98) | 38 | 110 | 92 | 39 | (8) | |
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | (2) | (2) | (5) | (4) | (3) | (1) | 9 | |
| Interest and debt expense | (14) | (19) | (23) | (25) | (26) | (17) | (11) | |
| Income (loss) from continuing operations before income taxes: | (47) | (119) | 10 | 81 | 63 | 21 | (10) | |
| Income tax expense (benefit) | (89) | (90) | (12) | 5 | (40) | (6) | 9 | |
| Net income (loss): | (136) | (210) | (2) | 86 | 24 | 15 | (1) | |
| Net loss attributable to noncontrolling interest | (2) | (1) | (0) | (1) | (2) | (1) | (1) | |
| Net income (loss) attributable to parent: | (138) | (211) | (2) | 85 | 22 | 14 | (2) | |
| Other undisclosed net loss available to common stockholders, basic | (0) | (0) | (0) | |||||
| Net income (loss) available to common stockholders, diluted: | (138) | (211) | (2) | 84 | 22 | 14 | (2) | |
Comprehensive Income ($ in millions)
| 12/31/2021 TTM | 3/31/2021 | 3/31/2020 | 3/31/2019 | 3/31/2018 | 3/31/2017 | 3/31/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (136) | (210) | (2) | 86 | 24 | 15 | (1) | |
| Other comprehensive income (loss) | 64 | 63 | (45) | (39) | 42 | (8) | 24 | |
| Comprehensive income (loss): | (72) | (147) | (47) | 47 | 66 | 7 | 23 | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (3) | (2) | 0 | (1) | (2) | (1) | (1) | |
| Comprehensive income (loss), net of tax, attributable to parent: | (75) | (149) | (47) | 47 | 64 | 7 | 23 | |
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.