Meritor, Inc. (MTOR) financial statements (2022 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)

12/31/2021
TTM
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 investments11310131510811588160
Cash and cash equivalents11310131510811588160
Receivables555534479551588789396
Inventory, net of allowances, customer advances and progress billings667601435526477378316
Inventory667601435526477378316
Other current assets69505431464333
Total current assets:1,4041,2861,2831,2161,2261,298905
Noncurrent Assets
Finance lease, right-of-use asset 9  
Operating lease, right-of-use asset 62  
Property, plant and equipment  515515483474439
Intangible assets, net (including goodwill)507507501478421414390
Goodwill507507501478421414390
Other noncurrent assets628628585606596596760
Other undisclosed noncurrent assets508446     
Total noncurrent assets:1,6431,6521,6011,5991,5001,4841,589
TOTAL ASSETS:3,0472,9382,8842,8152,7262,7822,494
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:635573423610700622475
Accounts payable  423610700622475
Accrued liabilities165166     
Employee-related liabilities78125     
Taxes payable2717     
Other undisclosed accounts payable and accrued liabilities365265     
Debt741939    
Other liabilities270308264285290272268
Other undisclosed current liabilities   419428814
Total current liabilities:9799007269361,0841,182757
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,0271,0081,188902737762998
Long-term debt, excluding current maturities  1,188902730750982
Finance lease, liability 93 
Capital lease obligations71216
Operating lease, liability  59 
Other undisclosed long-term debt and lease obligation1,027999(62)    
Liabilities, other than long-term debt403415475562594553941
Liability, pension and other postretirement and postemployment benefits183191196336262314703
Other liabilities220224279226332239238
Other undisclosed noncurrent liabilities    (7)(12)(16)
Total noncurrent liabilities:1,4301,4231,6631,4641,3241,3031,923
Total liabilities:2,4092,3232,3892,4002,4082,4852,680
Temporary equity, carrying amount    12 
Stockholders' equity
Stockholders' equity attributable to parent597574462385287268(211)
Common stock10610510510410210199
Treasury stock, value(632)(632)(573)(332)(236)(136)(136)
Additional paid in capital761798808803787765876
Accumulated other comprehensive loss(644)(632)(614)(681)(566)(545)(809)
Retained earnings (accumulated deficit)1,00693573649120083(241)
Stockholders' equity attributable to noncontrolling interest41413330302725
Total stockholders' equity:638615495415317295(186)
TOTAL LIABILITIES AND EQUITY:3,0472,9382,8842,8152,7262,7822,494

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

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
Revenues3,9283,8333,0444,3884,1783,3473,199
Revenue, net4,1783,3473,199
Cost of revenue
(Cost of Goods and Services Sold)
(3,411)(3,328)(2,716)(3,748)(3,524)(2,863)(2,763)
Gross profit:517505328640654484436
Operating expenses(267)(270)(221)(264)(323)(270)(229)
Other operating expense, net(13)(17)(40)(13)(14)(7)(3)
Operating income:23721867363317207204
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
6161464012(1)
Interest and debt expense(81)(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:21718743377278381155
Income from equity method investments303414    
Other undisclosed income from continuing operations before income taxes 13269    
Income from continuing operations before income taxes:247234326377278381155
Income tax expense (benefit)(29)(24)(78)(82)(149)(52)424
Other undisclosed income from continuing operations17      
Income from continuing operations:235210248295129329579
Income (loss) from discontinued operations (1)11(3)(1)(4)
Other undisclosed loss before gain (loss) on sale of properties(1)      
Net income:234209249296126328575
Net loss attributable to noncontrolling interest(13)(10)(4)(5)(9)(4)(2)
Net income available to common stockholders, diluted:221199245291117324573

Comprehensive Income ($ in millions)

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
Net income:234209249296126328575
Other comprehensive income (loss)(89)(18)67(116)(23)264(43)
Other undisclosed comprehensive income (loss)(1) 1    
Comprehensive income:144191317180103592532
Comprehensive loss, net of tax, attributable to noncontrolling interest(12)(10)(5)(4)(7)(4)(2)
Comprehensive income, net of tax, attributable to parent:13218131217696588530

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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