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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 10131510811588160
Cash and cash equivalents 10131510811588160
Receivables 534479551588789396
Inventory, net of allowances, customer advances and progress billings 601435526477378316
Inventory 601435526477378316
Other current assets 505431464333
Total current assets: 1,2861,2831,2161,2261,298905
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 9  
Operating lease, right-of-use asset 62  
Property, plant and equipment  515515483474439
Intangible assets, net (including goodwill) 507501478421414390
Goodwill 507501478421414390
Other noncurrent assets 628585606596596760
Other undisclosed noncurrent assets 446     
Total noncurrent assets: 1,6521,6011,5991,5001,4841,589
TOTAL ASSETS: 2,9382,8842,8152,7262,7822,494
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 573423610700622475
Taxes payable 17     
Employee-related liabilities 125     
Accounts payable  423610700622475
Accrued liabilities 166     
Other undisclosed accounts payable and accrued liabilities 265     
Debt 1939    
Other liabilities 308264285290272268
Other undisclosed current liabilities   419428814
Total current liabilities: 9007269361,0841,182757
Noncurrent Liabilities
Long-term debt and lease obligation, including: 1,0081,188902737762998
Long-term debt, excluding current maturities  1,188902730750982
Capital lease obligations71216
Finance lease, liability 93 
Other undisclosed long-term debt and lease obligation 999(62)    
Liabilities, other than long-term debt 415475562594553941
Liability, pension and other postretirement and postemployment benefits 191196336262314703
Other liabilities 224279226332239238
Operating lease, liability  59 
Other undisclosed noncurrent liabilities    (7)(12)(16)
Total noncurrent liabilities: 1,4231,6631,4641,3241,3031,923
Total liabilities: 2,3232,3892,4002,4082,4852,680
Temporary equity, carrying amount    12 
Equity
Equity, attributable to parent 574462385287268(211)
Common stock 10510510410210199
Treasury stock, value (632)(573)(332)(236)(136)(136)
Additional paid in capital 798808803787765876
Accumulated other comprehensive loss (632)(614)(681)(566)(545)(809)
Retained earnings (accumulated deficit) 93573649120083(241)
Equity, attributable to noncontrolling interest 413330302725
Total equity: 615495415317295(186)
TOTAL LIABILITIES AND EQUITY: 2,9382,8842,8152,7262,7822,494

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 3,8333,0444,3884,1783,3473,199
Revenue, net4,1783,3473,199
Cost of revenue
(Cost of Goods and Services Sold)
 (3,328)(2,716)(3,748)(3,524)(2,863)(2,763)
Gross profit: 505328640654484436
Operating expenses (270)(221)(264)(323)(270)(229)
Other operating expense, net (17)(40)(13)(14)(7)(3)
Operating income: 21867363317207204
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
 61464012(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)20839
Income from continuing operations before equity method investments, income taxes: 18743377278381155
Income from equity method investments 3414    
Other undisclosed income from continuing operations before income taxes 13269    
Income from continuing operations before income taxes: 234326377278381155
Income tax expense (benefit) (24)(78)(82)(149)(52)424
Income from continuing operations: 210248295129329579
Income before gain (loss) on sale of properties:209249296126328575
Income (loss) from discontinued operations (1)11(3)(1)(4)
Net income: 209249296126328575
Net loss attributable to noncontrolling interest (10)(4)(5)(9)(4)(2)
Net income available to common stockholders, diluted: 199245291117324573

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: 209249296126328575
Other comprehensive income (loss) (18)67(116)(23)264(43)
Other undisclosed comprehensive income  1    
Comprehensive income: 191317180103592532
Comprehensive loss, net of tax, attributable to noncontrolling interest (10)(5)(4)(7)(4)(2)
Comprehensive income, net of tax, attributable to parent: 18131217696588530

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.

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