Standard Motor Products, Inc. (SMP) financial statements (2021 and earlier)

Company profile

Business Address 37-18 NORTHERN BLVD.
LONG ISLAND CITY, NY 11101
State of Incorp. NY
Fiscal Year End December 31
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
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments19101117201914
Cash and cash equivalents19101117201914
Receivables198136158140135124127
Inventory, net of allowances, customer advances and progress billings(49)(46)(44)(42)(48)286278
Inventory(49)(46)(44)(42)(48)286278
Other undisclosed current assets4304494223804085148
Total current assets:599549546496515480466
Noncurrent Assets
Operating lease, right-of-use asset3036
Property, plant and equipment89909189786965
Long-term investments and receivables413932   27
Long-term investments413932   20
Accounts and financing receivable, after allowance for credit loss      7
Intangible assets, net (including goodwill)1321431161241318489
Goodwill78786767675555
Intangible assets, net (excluding goodwill)54654856642934
Deferred costs      2
Deferred income tax assets4537
Other noncurrent assets22191646343739
Other undisclosed noncurrent assets  4232 (0)(28)
Total noncurrent assets:358363297291243191193
Other undisclosed assets    111115
TOTAL ASSETS:957913843788769681674
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1361191151011159088
Accounts payable100939478847371
Employee-related liabilities36272123311717
Debt10574962554757
Other undisclosed current liabilities157133149123114107106
Total current liabilities:303309313286284244251
Noncurrent Liabilities
Long-term debt and lease obligation232900000
Long-term debt, excluding current maturities0000000
Capital lease obligations    0
Operating lease, liability2228
Liabilities, other than long-term debt81716348444548
Accounts payable and accrued liabilities26211815121315
Estimated litigation liability55504533313233
Other undisclosed noncurrent liabilities      (0)
Total noncurrent liabilities:104996348444549
Total liabilities:406409376334328289299
Stockholders' equity
Stockholders' equity attributable to parent550504467454441392374
Common stock48484848484848
Treasury stock, value(61)(55)(54)(47)(29)(34)(22)
Additional paid in capital105103102100979391
Accumulated other comprehensive loss(6)(9)(10)(4)(11)(6)(3)
Retained earnings464417380357336291259
Total stockholders' equity:550504467454441392374
TOTAL LIABILITIES AND EQUITY:957913843788769681674

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1,1291,1381,0921,1161,058972980
Revenue, net1,1161,058972980
Cost of revenue
(Cost of Goods and Services Sold)
(792)(806)(779)(789)(736)(691)(694)
Other undisclosed gross profit      4
Gross profit:337332313327322281290
Operating expenses(228)(237)(236)(230)(226)(206)(209)
Other operating expense, net(0)(0)     
Other undisclosed operating income  41115
Operating income:109948198987685
Nonoperating income (expense)13(0)12(0)(2)
Foreign currency transaction loss, before tax     (1)(2)
Other nonoperating income (expense)13(0)1200
Interest and debt expense(2)(5)(4)(2)(2)(2)(2)
Income from continuing operations before equity method investments, income taxes:107927796997482
Income (loss) from equity method investments13(1)(1)21(1)
Other undisclosed income (loss) from continuing operations before income taxes(1)(3)11(2)(1) 
Income from continuing operations before income taxes:107927796997481
Income tax expense(27)(23)(20)(53)(36)(26)(29)
Income from continuing operations:80695744624852
Loss from discontinued operations      (7)
Net income:80695744624845
Other undisclosed net loss attributable to parent(23)(11)(14)(6)(2)(2)(2)
Net income available to common stockholders, diluted:57584338604643

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:80695744624845
Other comprehensive income (loss)  (0)(0)1(4)(4)
Comprehensive income:80695743644441
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(20)(10)(19)1(8)(2)(2)
Comprehensive income, net of tax, attributable to parent:60593845564239

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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