Meritor, Inc. (MTOR) Financial Statements (2024 and earlier)
Company Profile
Business Address |
2135 W MAPLE ROAD TROY, MI 48084 |
State of Incorp. | IN |
Fiscal Year End | September 30 |
Industry (SIC) | 3714 - Motor Vehicle Parts and Accessories (benchmarking) |
More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
6/30/2022 MRQ | 9/30/2021 | 9/30/2020 | 9/30/2019 | 9/30/2018 | 9/30/2017 | 9/30/2016 | |||
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ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 101 | 315 | 108 | 115 | 88 | 160 | |||
Cash and cash equivalents | 101 | 315 | 108 | 115 | 88 | 160 | |||
Receivables | 534 | 479 | 551 | 588 | 789 | 396 | |||
Inventory, net of allowances, customer advances and progress billings | 601 | 435 | 526 | 477 | 378 | 316 | |||
Inventory | 601 | 435 | 526 | 477 | 378 | 316 | |||
Other current assets | 50 | 54 | 31 | 46 | 43 | 33 | |||
Total current assets: | 1,286 | 1,283 | 1,216 | 1,226 | 1,298 | 905 | |||
Noncurrent Assets | |||||||||
Finance lease, right-of-use asset, after accumulated amortization | 9 | ✕ | ✕ | ✕ | |||||
Operating lease, right-of-use asset | 62 | ✕ | ✕ | ✕ | |||||
Property, plant and equipment | 515 | 515 | 483 | 474 | 439 | ||||
Intangible assets, net (including goodwill) | 507 | 501 | 478 | 421 | 414 | 390 | |||
Goodwill | 507 | 501 | 478 | 421 | 414 | 390 | |||
Other noncurrent assets | 628 | 585 | 606 | 596 | 596 | 760 | |||
Other undisclosed noncurrent assets | 446 | ||||||||
Total noncurrent assets: | 1,652 | 1,601 | 1,599 | 1,500 | 1,484 | 1,589 | |||
TOTAL ASSETS: | 2,938 | 2,884 | 2,815 | 2,726 | 2,782 | 2,494 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities, including: | 573 | 423 | 610 | 700 | 622 | 475 | |||
Taxes payable | 17 | ||||||||
Employee-related liabilities | 125 | ||||||||
Accounts payable | 423 | 610 | 700 | 622 | 475 | ||||
Accrued liabilities | 166 | ||||||||
Other undisclosed accounts payable and accrued liabilities | 265 | ||||||||
Debt | 19 | 39 | |||||||
Other liabilities | 308 | 264 | 285 | 290 | 272 | 268 | |||
Other undisclosed current liabilities | 41 | 94 | 288 | 14 | |||||
Total current liabilities: | 900 | 726 | 936 | 1,084 | 1,182 | 757 | |||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation, including: | 1,008 | 1,188 | 902 | 737 | 762 | 998 | |||
Long-term debt, excluding current maturities | 1,188 | 902 | 730 | 750 | 982 | ||||
Capital lease obligations | ✕ | ✕ | ✕ | ✕ | 7 | 12 | 16 | ||
Finance lease, liability | 9 | 3 | ✕ | ✕ | ✕ | ||||
Other undisclosed long-term debt and lease obligation | 999 | (62) | |||||||
Liabilities, other than long-term debt | 415 | 475 | 562 | 594 | 553 | 941 | |||
Liability, pension and other postretirement and postemployment benefits | 191 | 196 | 336 | 262 | 314 | 703 | |||
Other liabilities | 224 | 279 | 226 | 332 | 239 | 238 | |||
Operating lease, liability | 59 | ✕ | ✕ | ✕ | |||||
Other undisclosed noncurrent liabilities | (7) | (12) | (16) | ||||||
Total noncurrent liabilities: | 1,423 | 1,663 | 1,464 | 1,324 | 1,303 | 1,923 | |||
Total liabilities: | 2,323 | 2,389 | 2,400 | 2,408 | 2,485 | 2,680 | |||
Temporary equity, carrying amount | 1 | 2 | |||||||
Equity | |||||||||
Equity, attributable to parent | 574 | 462 | 385 | 287 | 268 | (211) | |||
Common stock | 105 | 105 | 104 | 102 | 101 | 99 | |||
Treasury stock, value | (632) | (573) | (332) | (236) | (136) | (136) | |||
Additional paid in capital | 798 | 808 | 803 | 787 | 765 | 876 | |||
Accumulated other comprehensive loss | (632) | (614) | (681) | (566) | (545) | (809) | |||
Retained earnings (accumulated deficit) | 935 | 736 | 491 | 200 | 83 | (241) | |||
Equity, attributable to noncontrolling interest | 41 | 33 | 30 | 30 | 27 | 25 | |||
Total equity: | 615 | 495 | 415 | 317 | 295 | (186) | |||
TOTAL LIABILITIES AND EQUITY: | 2,938 | 2,884 | 2,815 | 2,726 | 2,782 | 2,494 |
Income Statement (P&L) ($ in millions)
6/30/2022 TTM | 9/30/2021 | 9/30/2020 | 9/30/2019 | 9/30/2018 | 9/30/2017 | 9/30/2016 | ||
---|---|---|---|---|---|---|---|---|
Revenues | 3,833 | 3,044 | 4,388 | 4,178 | 3,347 | 3,199 | ||
Revenue, net | ✕ | ✕ | ✕ | ✕ | 4,178 | 3,347 | 3,199 | |
Cost of revenue (Cost of Goods and Services Sold) | (3,328) | (2,716) | (3,748) | (3,524) | (2,863) | (2,763) | ||
Gross profit: | 505 | 328 | 640 | 654 | 484 | 436 | ||
Operating expenses | (270) | (221) | (264) | (323) | (270) | (229) | ||
Other operating expense, net | (17) | (40) | (13) | (14) | (7) | (3) | ||
Operating income: | 218 | 67 | 363 | 317 | 207 | 204 | ||
Nonoperating income (expense) (Other Nonoperating Income (Expense)) | 61 | 46 | 40 | 1 | 2 | (1) | ||
Interest and debt expense | (92) | (70) | (61) | (8) | (36) | (87) | ||
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | 35 | (32) | 208 | 39 | ||||
Income from continuing operations before equity method investments, income taxes: | 187 | 43 | 377 | 278 | 381 | 155 | ||
Income from equity method investments | 34 | 14 | ||||||
Other undisclosed income from continuing operations before income taxes | 13 | 269 | ||||||
Income from continuing operations before income taxes: | 234 | 326 | 377 | 278 | 381 | 155 | ||
Income tax expense (benefit) | (24) | (78) | (82) | (149) | (52) | 424 | ||
Income from continuing operations: | 210 | 248 | 295 | 129 | 329 | 579 | ||
Income before gain (loss) on sale of properties: | ✕ | 209 | 249 | 296 | 126 | 328 | 575 | |
Income (loss) from discontinued operations | (1) | 1 | 1 | (3) | (1) | (4) | ||
Net income: | 209 | 249 | 296 | 126 | 328 | 575 | ||
Net loss attributable to noncontrolling interest | (10) | (4) | (5) | (9) | (4) | (2) | ||
Net income available to common stockholders, diluted: | 199 | 245 | 291 | 117 | 324 | 573 |
Comprehensive Income ($ in millions)
6/30/2022 TTM | 9/30/2021 | 9/30/2020 | 9/30/2019 | 9/30/2018 | 9/30/2017 | 9/30/2016 | ||
---|---|---|---|---|---|---|---|---|
Net income: | 209 | 249 | 296 | 126 | 328 | 575 | ||
Other comprehensive income (loss) | (18) | 67 | (116) | (23) | 264 | (43) | ||
Other undisclosed comprehensive income | 1 | |||||||
Comprehensive income: | 191 | 317 | 180 | 103 | 592 | 532 | ||
Comprehensive loss, net of tax, attributable to noncontrolling interest | (10) | (5) | (4) | (7) | (4) | (2) | ||
Comprehensive income, net of tax, attributable to parent: | 181 | 312 | 176 | 96 | 588 | 530 |
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.