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)

12/31/2020
TTM
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments28331510811588160193
Cash and cash equivalents28331510811588160193
Receivables466479551588789396461
Inventory, net of allowances, customer advances and progress billings473435526477378316338
Inventory473435526477378316338
Deferred tax assets   18
Other current assets70543146433350
Other undisclosed current assets      (18)
Total current assets:1,2921,2831,2161,2261,2989051,042
Noncurrent Assets
Property, plant and equipment 515515483474439419
Long-term investments and receivables      96
Long-term investments      96
Intangible assets, net (including goodwill)507501478421414390402
Goodwill507501478421414390402
Regulated entity, other noncurrent assets      10
Other noncurrent assets611585606596596760332
Prepaid pension costs 110
Deferred tax assets, net   (71)
Other undisclosed noncurrent assets520     (145)
Total noncurrent assets:1,6381,6011,5991,5001,4841,5891,153
TOTAL ASSETS:2,9302,8842,8152,7262,7822,4942,195
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities445423610700622475827
Accounts payable 423610700622475574
Accrued liabilities166     85
Employee-related liabilities85     122
Taxes payable      32
Interest and dividends payable      14
Other undisclosed accounts payable and accrued liabilities194      
Debt1539    15
Restructuring reserve      7
Deferred tax liabilities   2
Other liabilities251264285290272268279
Other undisclosed current liabilities  419428814(262)
Total current liabilities:7117269361,0841,182757868
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,1891,1889027377629981,051
Long-term debt, excluding current maturities 1,1889027307509821,036
Finance lease, liability 3 
Capital lease obligations7121617
Operating lease, liability 59 
Other undisclosed long-term debt and lease obligation1,189(62)    (2)
Liabilities, other than long-term debt4654755625945539411,525
Accounts payable and accrued liabilities      58
Deferred tax liabilities, net   99
Liability for uncertainty in income taxes      15
Liability, pension and other postretirement and postemployment benefits1871963362623147031,037
Accrued environmental loss contingencies      8
Restructuring reserve      3
Other liabilities278279226332239238305
Other undisclosed noncurrent liabilities   (7)(12)(16)(603)
Total noncurrent liabilities:1,6541,6631,4641,3241,3031,9231,973
Total liabilities:2,3652,3892,4002,4082,4852,6802,841
Temporary equity, carrying amount   12  
Stockholders' equity
Stockholders' equity attributable to parent530462385287268(211)(671)
Common stock1061051041021019999
Treasury stock, value(573)(573)(332)(236)(136)(136)(55)
Additional paid in capital784808803787765876865
Accumulated other comprehensive loss(555)(614)(681)(566)(545)(809)(766)
Retained earnings (accumulated deficit)76873649120083(241)(814)
Stockholders' equity attributable to noncontrolling interest35333030272525
Total stockholders' equity:565495415317295(186)(646)
TOTAL LIABILITIES AND EQUITY:2,9302,8842,8152,7262,7822,4942,195

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

12/31/2020
TTM
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
Revenues3,0323,0444,3884,1783,3473,1993,505
Revenue, net4,1783,3473,1993,505
Cost of revenue
(Cost of Goods and Services Sold)
(2,716)(2,716)(3,748)(3,524)(2,863)(2,763)(3,043)
Gross profit:316328640654484436462
Operating expenses(216)(221)(264)(323)(270)(229)(401)
Other operating expense, net(42)(40)(13)(14)(7)(3)(1)
Other undisclosed operating income265     68
Operating income:32367363317207204128
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
74464012(1)5
Interest and debt expense(8)(70)(61)(8)(36)(87)(139)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(70) 35(32)2083973
Income from continuing operations before equity method investments, income taxes:3194337727838115567
Income from equity method investments1914    39
Other undisclosed income from continuing operations before income taxes269269     
Income from continuing operations before income taxes:607326377278381155106
Income tax expense (benefit)(72)(78)(82)(149)(52)424(1)
Other undisclosed loss from continuing operations(295)     (39)
Income from continuing operations:24024829512932957966
Income (loss) from discontinued operations111(3)(1)(4)(1)
Net income:24124929612632857565
Net loss attributable to noncontrolling interest(3)(4)(5)(9)(4)(2)(1)
Net income available to common stockholders, diluted:23824529111732457364

Comprehensive Income ($ in millions)

12/31/2020
TTM
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
Net income:24124929612632857565
Other comprehensive income (loss) 67(116)(23)264(43)(19)
Other undisclosed comprehensive income1021     
Comprehensive income:34331718010359253246
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(7)(5)(4)(7)(4)(2)1
Other undisclosed comprehensive income, net of tax, attributable to parent2      
Comprehensive income, net of tax, attributable to parent:3383121769658853047

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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