Motorcar Parts of America, Inc. (MPAA) financial statements (2022 and earlier)

Company profile

Business Address 2929 CALIFORNIA STREET
TORRANCE, CA 90503
State of Incorp. NY
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 thousands)

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 investments9,98117,17550,46613,18415,87711,16923,710
Cash and cash equivalents7,76915,52349,6169,91113,0499,02921,897
Short-term investments2,2121,6528503,2732,8282,1401,813
Receivables57,69163,52795,03066,02423,53426,0178,548
Inventory, net of allowances, customer advances and progress billings343,232288,361225,659233,72673,73166,36856,885
Inventory343,232288,361225,659233,72673,73166,36856,885
Contract with customer, asset26,60926,940  
Other undisclosed current assets27,24926,85337,96139,94821,54318,57750,942
Total current assets:464,762422,856409,116352,882134,685122,131140,085
Noncurrent Assets
Finance lease, right-of-use asset  6,922
Operating lease, right-of-use asset82,02971,51353,029
Property, plant and equipment50,63653,85444,95735,15128,32218,43716,099
Intangible assets, net (including goodwill)7,3418,5349,59811,6366,3176,5446,626
Goodwill 3,2053,2053,2052,5512,5512,053
Intangible assets, net (excluding goodwill) 5,3296,3938,4313,7663,9934,573
Other undisclosed intangible assets, net (including goodwill)7,341      
Contract with customer, asset, net311,756270,213  
Deferred income tax assets20,25519,38118,950
Other noncurrent assets1,5011,5311,8391,0717,3926,9903,657
Other undisclosed noncurrent assets  232,618231,622317,781282,037246,905
Total noncurrent assets:473,518425,026367,913279,480359,812314,008273,287
TOTAL ASSETS:938,280847,882777,029632,362494,497436,139413,372
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities149,314152,73595,083107,06585,07296,03781,253
Accounts payable 129,33178,66492,46173,27385,96072,152
Accrued liabilities 23,40416,41914,60411,79910,0779,101
Other undisclosed accounts payable and accrued liabilities149,314      
Deferred revenue40,19041,07227,911
Debt119,09090,318162,841115,6434,4563,8213,659
Deferred tax liabilities   196
Contract with customer, liability30,599
Other liabilities6,7086,6839,3904,9904,4713,3004,698
Other undisclosed current liabilities41,35735,32323,26721,05786,95339,62441,577
Total current liabilities:356,659326,131318,492279,354180,952142,782131,383
Noncurrent Liabilities
Long-term debt and lease obligation96,23887,33781,88724,18717,60918,69021,996
Long-term debt, excluding current maturities13,95116,78620,46224,18713,91316,93519,980
Capital lease obligations 3,6961,7552,016
Operating lease, liability82,28770,55161,425
Liabilities, other than long-term debt172,263133,269101,13049,0666,18315,39233,651
Deferred revenue165,599125,22392,101
Contract with customer, liability40,889
Deferred tax liabilities, net25722618014,315
Deferred income tax liabilities757379
Other liabilities6,5897,9738,9507,9205,95715,21219,336
Other undisclosed noncurrent liabilities    14,77710,59415,534
Total noncurrent liabilities:268,501220,606183,01773,25338,56944,67671,181
Total liabilities:625,160546,737501,509352,607219,521187,458202,564
Stockholders' equity
Stockholders' equity attributable to parent313,120301,145275,520279,755274,976248,681210,808
Common stock191190190188189186185
Additional paid in capital225,319223,058218,581215,047213,609205,646203,650
Accumulated other comprehensive loss(5,666)(7,696)(7,368)(6,887)(5,428)(7,441)(4,852)
Retained earnings93,27685,59364,11771,40766,60650,29011,825
Total stockholders' equity:313,120301,145275,520279,755274,976248,681210,808
TOTAL LIABILITIES AND EQUITY:938,280847,882777,029632,362494,497436,139413,372

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

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
Revenues642,078540,782535,831472,797428,072421,253368,970
Revenue, net428,072421,253368,970
Cost of revenue
(Cost of Goods and Services Sold)
(522,337)(431,321)(417,431)(383,623)(322,199)(306,207)(268,046)
Gross profit:119,741109,461118,40089,174105,873115,046100,924
Operating expenses(71,359)(62,828)(101,662)(73,528)(56,249)(47,074)(62,638)
Operating income:48,38246,63316,73815,64649,62467,97238,286
Interest and debt expense(524)(859)(819)(951)(1,060)(716)(5,108)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes4,060(14,911)(24,220)(22,276)(14,385)(12,378)(11,136)
Income (loss) from continuing operations before equity method investments, income taxes:51,91830,863(8,301)(7,581)34,17954,87822,042
Other undisclosed loss from continuing operations before income taxes(11,241)      
Income (loss) from continuing operations before income taxes:40,67730,863(8,301)(7,581)34,17954,87822,042
Income tax expense (benefit)(12,421)(9,387)1,011(268)(17,863)(17,305)(11,479)
Net income (loss) available to common stockholders, diluted:28,25621,476(7,290)(7,849)16,31637,57310,563

Comprehensive Income ($ in thousands)

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):28,25621,476(7,290)(7,849)16,31637,57310,563
Comprehensive income (loss):28,25621,476(7,290)(7,849)16,31637,57310,563
Other undisclosed comprehensive income (loss), net of tax, attributable to parent519(328)(481)(713)2,013(2,589)(2,334)
Comprehensive income (loss), net of tax, attributable to parent:28,77521,148(7,771)(8,562)18,32934,9848,229

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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