CarParts.com, Inc. (PRTS) financial statements (2023 and earlier)

Company profile

Business Address 2050 W. 190TH STREET
TORRANCE, CA 90504
State of Incorp. DE
Fiscal Year End December 31
SIC 5531 - Auto and Home Supply Stores (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 35,8022,2732,0312,8506,6435,537
Cash and cash equivalents 35,8022,2732,0312,8506,6435,537
Receivables5,0156,3182,6693,7272,4703,2663,236
Inventory, net of allowances, customer advances and progress billings138,85189,31652,50049,62654,23150,90451,216
Inventory138,85189,31652,50049,62654,23150,90451,216
Other current assets6,5927,9394,9313,4002,9722,8152,475
Other undisclosed current assets18,144  193065
Total current assets:168,602139,37562,37358,78562,53263,65862,529
Noncurrent Assets
Finance lease, right-of-use asset15,13012,4579,011
Operating lease, right-of-use asset28,68017,5074,544
Property, plant and equipment20,73614,7429,65015,18415,08516,47818,431
Intangible assets, net (including goodwill)   4656519691,476
Intangible assets, net (excluding goodwill)   4656519691,476
Other noncurrent assets2,1882,8922,3682,1639541,0291,320
Other undisclosed noncurrent assets   21,36821,476  
Total noncurrent assets:66,73447,59825,57339,18038,16618,47621,227
TOTAL ASSETS:235,336186,97387,94697,965100,69882,13483,756
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities84,88963,49253,95244,28643,36240,55732,790
Accounts payable67,37245,30244,43334,03935,99933,69725,523
Accrued liabilities17,51718,1909,51910,2477,3636,8607,267
Deferred revenue826630652
Debt2,9531,5832,73759457954212,280
Customer advances and deposits2,5003,718 
Contract with customer, liability521
Other liabilities3,9253,7472,6052,9182,4571,9723,854
Other undisclosed current liabilities4,2012,527     
Total current liabilities:96,79471,97959,94648,31948,89846,78948,924
Noncurrent Liabilities
Long-term debt and lease obligation39,23527,47413,1068,5599,1739,77010,168
Long-term debt, excluding current maturities  1,060    
Finance lease, liability12,86811,4288,627
Capital lease obligations8,5599,1739,77010,168
Operating lease, liability26,36716,0463,419
Liabilities, other than long-term debt3,7394,0312,5142,2652,2662,0972,521
Deferred tax liabilities, net   944
Other liabilities3,7394,0312,5142,2652,2662,0971,577
Other undisclosed noncurrent liabilities     156 
Total noncurrent liabilities:42,97431,50515,62010,82411,43912,02312,689
Total liabilities:139,768103,48475,56659,14360,33758,81261,613
Stockholders' equity
Stockholders' equity attributable to parent, including:95,56883,48912,38038,82240,36122,85320,340
Common stock56513838373534
Treasury stock, value(7,625)(7,146)(7,146)(7,146)(7,146)(1,376) 
Additional paid in capital282,663260,260187,147183,139179,906180,153176,873
Accumulated other comprehensive income (loss)274(215)214579557557440
Accumulated deficit(179,800)(169,461)(167,876)(137,791)(132,996)(156,520)(157,011)
Other undisclosed stockholders' equity attributable to parent  33344
Stockholders' equity attributable to noncontrolling interest     4691,803
Total stockholders' equity:95,56883,48912,38038,82240,36123,32222,143
TOTAL LIABILITIES AND EQUITY:235,336186,97387,94697,965100,69882,13483,756

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues582,440443,884280,657289,467303,366303,571291,091
Revenue, net303,366303,571291,091
Cost of revenue
(Cost of Goods and Services Sold)
(385,157)(288,518)(196,434)(210,746)(213,706)(211,289)(207,657)
Gross profit:197,283155,36684,22378,72189,66092,28283,434
Operating expenses(206,394)(155,071)(92,473)(83,727)(85,025)(91,892)(85,489)
Operating income (loss):(9,111)295(8,250)(5,006)4,635390(2,055)
Nonoperating expense(877)(1,501)(1,861)(211)(1,601)(1,192)(1,180)
Other nonoperating income238213361,387544636
Interest and debt expense(1,115)(1,714)(1,897)(1,598)(1,655)(1,238)(1,216)
Income (loss) from continuing operations before equity method investments, income taxes:(11,103)(2,920)(12,008)(6,815)1,379(2,040)(4,451)
Other undisclosed income from continuing operations before income taxes1,1151,7141,8971,5981,6551,2381,216
Income (loss) from continuing operations before income taxes:(9,988)(1,206)(10,111)(5,217)3,034(802)(3,235)
Income tax expense (benefit)(351)(307)(21,437)32921,540199811
Income (loss) from continuing operations:(10,339)(1,513)(31,548)(4,888)24,574(603)(2,424)
Loss from discontinued operations    (559)  
Net income (loss):(10,339)(1,513)(31,548)(4,888)24,015(603)(2,424)
Net income attributable to noncontrolling interest     1,3341,143
Other undisclosed net loss attributable to parent   (1)   
Net income (loss) attributable to parent:(10,339)(1,513)(31,548)(4,889)24,015731(1,281)
Preferred stock dividends and other adjustments (71)(161)(161)(189)(241)(241)
Other undisclosed net income available to common stockholders, basic    559  
Net income (loss) available to common stockholders, diluted:(10,339)(1,584)(31,709)(5,050)24,385490(1,522)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(10,339)(1,513)(31,548)(4,888)24,015(603)(2,424)
Other comprehensive income (loss)307(400)  19  
Comprehensive income (loss):(10,032)(1,913)(31,548)(4,888)24,034(603)(2,424)
Comprehensive income, net of tax, attributable to noncontrolling interest     1,3341,143
Other undisclosed comprehensive income (loss), net of tax, attributable to parent182(29)(365)21(19)11780
Comprehensive income (loss), net of tax, attributable to parent:(9,850)(1,942)(31,913)(4,867)24,015848(1,201)

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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