Motorcar Parts of America, Inc. (MPAA) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
2929 CALIFORNIA STREET TORRANCE, CA 90503 |
| State of Incorp. | NY |
| Fiscal Year End | March 31 |
| Industry (SIC) | 3714 - Motor Vehicle Parts and Accessories (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2023 MRQ | 3/31/2023 | 12/31/2022 MRQ | 3/31/2022 | 3/31/2021 | 3/31/2020 | 3/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 13,607 | 14,748 | 25,218 | 17,175 | 50,466 | 13,184 | |||
| Cash and cash equivalents | 11,596 | 12,579 | 23,016 | 15,523 | 49,616 | 9,911 | |||
| Short-term investments | 2,011 | 2,169 | 2,202 | 1,652 | 850 | 3,273 | |||
| Receivables | 122,024 | 75,533 | 85,376 | 63,527 | 95,030 | 66,024 | |||
| Inventory, net of allowances, customer advances and progress billings | 339,675 | 374,698 | 370,503 | 288,361 | 225,659 | 233,726 | |||
| Inventory | 339,675 | 374,698 | 370,503 | 288,361 | 225,659 | 233,726 | |||
| Contract with customer, asset, after allowance for credit loss | 25,443 | 29,072 | 27,500 | 26,940 | |||||
| Other undisclosed current assets | 36,729 | 42,674 | 28,388 | 26,853 | 37,961 | 39,948 | |||
| Total current assets: | 537,478 | 536,725 | 536,985 | 422,856 | 409,116 | 352,882 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 6,922 | ✕ | |||||||
| Operating lease, right-of-use asset | 87,619 | 85,407 | 81,997 | 71,513 | 53,029 | ✕ | |||
| Property, plant and equipment | 46,052 | 46,693 | 51,062 | 53,854 | 44,957 | 35,151 | |||
| Intangible assets, net (including goodwill) | 5,348 | 5,708 | 7,004 | 8,534 | 9,598 | 11,636 | |||
| Goodwill | 3,205 | 3,205 | 3,205 | 3,205 | 3,205 | ||||
| Intangible assets, net (excluding goodwill) | 2,143 | 3,799 | 5,329 | 6,393 | 8,431 | ||||
| Other undisclosed intangible assets, net (including goodwill) | 5,708 | ||||||||
| Contract with customer, asset, after allowance for credit loss | 318,381 | 314,035 | 310,255 | 270,213 | |||||
| Deferred income tax assets | 32,625 | 26,868 | 26,982 | 19,381 | 18,950 | ✕ | |||
| Other noncurrent assets | 1,062 | 1,138 | 1,413 | 1,531 | 1,839 | 1,071 | |||
| Other undisclosed noncurrent assets | 232,618 | 231,622 | |||||||
| Total noncurrent assets: | 491,087 | 479,849 | 478,713 | 425,026 | 367,913 | 279,480 | |||
| TOTAL ASSETS: | 1,028,565 | 1,016,574 | 1,015,698 | 847,882 | 777,029 | 632,362 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 141,766 | 144,851 | 168,435 | 152,735 | 95,083 | 107,065 | |||
| Accounts payable | 119,437 | 147,469 | 129,331 | 78,664 | 92,461 | ||||
| Accrued liabilities | 22,329 | 20,966 | 23,404 | 16,419 | 14,604 | ||||
| Other undisclosed accounts payable and accrued liabilities | 144,851 | ||||||||
| Deferred revenue | 40,340 | 44,512 | 42,496 | 41,072 | 27,911 | ✕ | |||
| Debt | 150,715 | 180,578 | 161,000 | 90,318 | 162,841 | 115,643 | |||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 30,599 | ||
| Other liabilities | 4,871 | 4,430 | 11,930 | 6,683 | 9,390 | 4,990 | |||
| Other undisclosed current liabilities | 44,900 | 39,462 | 42,544 | 35,323 | 23,267 | 21,057 | |||
| Total current liabilities: | 382,592 | 413,833 | 426,405 | 326,131 | 318,492 | 279,354 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 40,273 | 10,233 | 93,827 | 87,337 | 81,887 | 24,187 | |||
| Long-term debt, excluding current maturities | 40,273 | 10,233 | 13,024 | 16,786 | 20,462 | 24,187 | |||
| Liabilities, other than long-term debt | 285,225 | 277,519 | 180,203 | 133,269 | 101,130 | 49,066 | |||
| Deferred revenue | 193,606 | 185,859 | 172,764 | 125,223 | 92,101 | ✕ | |||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 40,889 | ||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 257 | ||
| Deferred income tax liabilities | 718 | 121 | 126 | 73 | 79 | ✕ | |||
| Other liabilities | 11,583 | 10,027 | 7,313 | 7,973 | 8,950 | 7,920 | |||
| Operating lease, liability | 79,318 | 81,512 | 80,803 | 70,551 | 61,425 | ✕ | |||
| Total noncurrent liabilities: | 325,498 | 287,752 | 274,030 | 220,606 | 183,017 | 73,253 | |||
| Total liabilities: | 708,090 | 701,585 | 700,435 | 546,737 | 501,509 | 352,607 | |||
| Equity | |||||||||
| Equity, attributable to parent | 320,475 | 314,989 | 315,263 | 301,145 | 275,520 | 279,755 | |||
| Common stock | 195 | 195 | 191 | 190 | 190 | 188 | |||
| Additional paid in capital | 231,836 | 230,630 | 227,184 | 223,058 | 218,581 | 215,047 | |||
| Accumulated other comprehensive income (loss) | (303) | (3,124) | (5,066) | (7,696) | (7,368) | (6,887) | |||
| Retained earnings | 88,747 | 87,288 | 92,954 | 85,593 | 64,117 | 71,407 | |||
| Total equity: | 320,475 | 314,989 | 315,263 | 301,145 | 275,520 | 279,755 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,028,565 | 1,016,574 | 1,015,698 | 847,882 | 777,029 | 632,362 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2023 TTM | 3/31/2023 | 12/31/2022 TTM | 3/31/2022 | 3/31/2021 | 3/31/2020 | 3/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 683,074 | 766,001 | 650,308 | 540,782 | 535,831 | 472,797 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (569,112) | (647,679) | (532,443) | (431,321) | (417,431) | (383,623) | ||
| Gross profit: | 113,962 | 118,322 | 117,865 | 109,461 | 118,400 | 89,174 | ||
| Operating expenses | (77,516) | (118,068) | (89,161) | (62,828) | (101,662) | (73,528) | ||
| Operating income: | 36,446 | 254 | 28,704 | 46,633 | 16,738 | 15,646 | ||
| Nonoperating expense (Other Nonoperating expense) | ||||||||
| Interest and debt expense | (262) | (271) | (345) | (859) | (819) | (951) | ||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | 11,800 | (14,911) | (24,220) | (22,276) | ||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 36,184 | 11,783 | 28,359 | 30,863 | (8,301) | (7,581) | ||
| Other undisclosed loss from continuing operations before income taxes | (39,293) | (42,685) | (15,210) | |||||
| Income (loss) from continuing operations before income taxes: | (3,109) | (30,902) | 13,149 | 30,863 | (8,301) | (7,581) | ||
| Income tax expense (benefit) | (1,098) | 11,956 | (5,788) | (9,387) | 1,011 | (268) | ||
| Income (loss) from continuing operations: | (4,207) | (18,946) | 7,361 | 21,476 | (7,290) | (7,849) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | (19,972) | 7,361 | 21,476 | (7,290) | (7,849) | |
| Net income (loss) available to common stockholders, diluted: | (4,207) | (18,946) | 7,361 | 21,476 | (7,290) | (7,849) | ||
Comprehensive Income ($ in thousands)
| 12/31/2023 TTM | 3/31/2023 | 12/31/2022 TTM | 3/31/2022 | 3/31/2021 | 3/31/2020 | 3/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (4,207) | (18,946) | 7,361 | 21,476 | (7,290) | (7,849) | ||
| Comprehensive income (loss): | (4,207) | (18,946) | 7,361 | 21,476 | (7,290) | (7,849) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 4,763 | 4,662 | 2,630 | (328) | (481) | (713) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 556 | (14,284) | 9,991 | 21,148 | (7,771) | (8,562) | ||
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.