Meritor, Inc. (MTOR) financial statements (2021 and earlier)

Company profile

Business Address 2135 W MAPLE ROAD
TROY, MI 48084
State of Incorp. IN
Fiscal Year End September 30
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
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
9/30/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments10810811588160193247
Cash and cash equivalents10810811588160193247
Receivables478551588789396461610
Inventory, net of allowances, customer advances and progress billings556526477378316338379
Inventory556526477378316338379
Deferred tax assets   1818
Other current assets37314643335056
Other undisclosed current assets     (18)(18)
Total current assets:1,1791,2161,2261,2989051,0421,292
Noncurrent Assets
Property, plant and equipment 515483474439419424
Long-term investments and receivables     96106
Long-term investments     96106
Intangible assets, net (including goodwill)486478421414390402431
Goodwill486478421414390402431
Regulated entity, other noncurrent assets     1030
Other noncurrent assets714606596596760332355
Prepaid pension costs 110104
Deferred tax assets, net   (71)(88)
Other undisclosed noncurrent assets517    (145)(152)
Total noncurrent assets:1,7171,5991,5001,4841,5891,1531,210
TOTAL ASSETS:2,8962,8152,7262,7822,4942,1952,502
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities540610700622475827994
Accounts payable 610700622475574680
Accrued liabilities177    8595
Employee-related liabilities87    122146
Taxes payable     3258
Interest and dividends payable     1415
Other undisclosed accounts payable and accrued liabilities276      
Debt178    157
Restructuring reserve     79
Deferred tax liabilities   23
Other liabilities264285290272268279351
Other undisclosed current liabilities 419428814(262)(326)
Total current liabilities:9829361,0841,1827578681,038
Noncurrent Liabilities
Long-term debt and lease obligation, including:9709027377629981,051972
Long-term debt, excluding current maturities9019027307509821,036965
Finance lease, liability5 
Capital lease obligations712161726
Operating lease, liability64 
Other undisclosed long-term debt and lease obligation     (2)(19)
Liabilities, other than long-term debt6295625945539411,5251,271
Accounts payable and accrued liabilities     5861
Deferred tax liabilities, net   99103
Liability for uncertainty in income taxes     1514
Liability, pension and other postretirement and postemployment benefits3303362623147031,037775
Accrued environmental loss contingencies     87
Restructuring reserve     32
Other liabilities299226332239238305309
Other undisclosed noncurrent liabilities(69) (7)(12)(16)(603)(194)
Total noncurrent liabilities:1,5301,4641,3241,3031,9231,9732,049
Total liabilities:2,5122,4002,4082,4852,6802,8413,087
Temporary equity, carrying amount  12   
Stockholders' equity
Stockholders' equity attributable to parent352385287268(211)(671)(612)
Common stock105104102101999997
Treasury stock, value(432)(332)(236)(136)(136)(55) 
Additional paid in capital804803787765876865918
Accumulated other comprehensive loss(655)(681)(566)(545)(809)(766)(749)
Retained earnings (accumulated deficit)53049120083(241)(814)(878)
Stockholders' equity attributable to noncontrolling interest32303027252527
Total stockholders' equity:384415317295(186)(646)(585)
TOTAL LIABILITIES AND EQUITY:2,8962,8152,7262,7822,4942,1952,502

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

12/31/2019
TTM
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
9/30/2014
Revenues4,2514,3884,1783,3473,1993,5053,766
Revenue, net4,1783,3473,1993,5053,766
Cost of revenue
(Cost of Goods and Services Sold)
(3,625)(3,748)(3,524)(2,863)(2,763)(3,043)(3,279)
Gross profit:626640654484436462487
Operating expenses(300)(264)(323)(270)(229)(401)(339)
Other operating expense, net(18)(13)(14)(7)(3)(1)(2)
Other undisclosed operating income     6871
Operating income:308363317207204128217
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
394012(1)5 
Interest and debt expense (61)(8)(36)(87)(139)(163)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(26)35(32)2083973261
Income from continuing operations before equity method investments, income taxes:32137727838115567315
Income (loss) from equity method investments(3)    3938
Income from continuing operations before income taxes:318377278381155106353
Income tax expense (benefit)(74)(82)(149)(52)424(1)(31)
Other undisclosed loss from continuing operations     (39)(38)
Income from continuing operations:24429512932957966284
Income (loss) from discontinued operations 1(3)(1)(4)(1)(30)
Other undisclosed income before gain (loss) on sale of properties1      
Net income:24529612632857565254
Net loss attributable to noncontrolling interest(5)(5)(9)(4)(2)(1)(5)
Net income available to common stockholders, diluted:24029111732457364249

Comprehensive Income ($ in millions)

12/31/2019
TTM
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
9/30/2014
Net income:24529612632857565254
Other comprehensive income (loss)(88)(116)(23)264(43)(19)(15)
Comprehensive income:15718010359253246239
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(3)(4)(7)(4)(2)1(5)
Comprehensive income, net of tax, attributable to parent:1541769658853047234

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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