Standard Motor Products, Inc. (SMP) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1011172019146
Cash and cash equivalents1011172019146
Receivables136158140135124127125
Inventory, net of allowances, customer advances and progress billings(46)(44)(42)(48)286278269
Inventory(46)(44)(42)(48)286278269
Other undisclosed current assets449422380408514846
Total current assets:549546496515480466446
Noncurrent Assets
Operating lease, right-of-use asset36
Property, plant and equipment90918978696564
Long-term investments and receivables3932   2711
Long-term investments3932   206
Accounts and financing receivable, after allowance for credit loss     75
Intangible assets, net (including goodwill)143116124131848973
Goodwill78676767555538
Intangible assets, net (excluding goodwill)65485664293435
Deferred costs     22
Deferred income tax assets37
Other noncurrent assets19164634373923
Other undisclosed noncurrent assets 4232 (0)(28)(14)
Total noncurrent assets:363297291243191193159
Other undisclosed assets   11111510
TOTAL ASSETS:913843788769681674616
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities119115101115908897
Accounts payable93947884737171
Employee-related liabilities27212331171725
Debt57496255475721
Other undisclosed current liabilities133149123114107106102
Total current liabilities:309313286284244251220
Noncurrent Liabilities
Long-term debt and lease obligation29000000
Long-term debt, excluding current maturities0000000
Capital lease obligations    00
Operating lease, liability28
Liabilities, other than long-term debt71634844454824
Accounts payable and accrued liabilities211815121315 
Estimated litigation liability50453331323324
Other undisclosed noncurrent liabilities     (0)22
Total noncurrent liabilities:99634844454946
Total liabilities:409376334328289299266
Stockholders' equity
Stockholders' equity attributable to parent504467454441392374349
Common stock48484848484848
Treasury stock, value(55)(54)(47)(29)(34)(22)(16)
Additional paid in capital10310210097939188
Accumulated other comprehensive income (loss)(9)(10)(4)(11)(6)(3)2
Retained earnings417380357336291259228
Total stockholders' equity:504467454441392374349
TOTAL LIABILITIES AND EQUITY:913843788769681674616

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues1,1381,0921,1161,058972980984
Revenue, net1,1161,058972980984
Cost of revenue
(Cost of Goods and Services Sold)
(806)(779)(789)(736)(691)(694)(698)
Other undisclosed gross profit     45
Gross profit:332313327322281290290
Operating expenses(237)(236)(230)(226)(206)(209)(210)
Other operating expense, net(0)      
Other undisclosed operating income 411157
Operating income:94819898768587
Nonoperating income (expense)3(0)12(0)(2)0
Foreign currency transaction loss, before tax    (1)(2)(0)
Other nonoperating income (expense)3(0)12000
Interest and debt expense(5)(4)(2)(2)(2)(2)(2)
Income from continuing operations before equity method investments, income taxes:92779699748285
Income (loss) from equity method investments3(1)(1)21(1)(0)
Other undisclosed income (loss) from continuing operations before income taxes(3)11(2)(1)  
Income from continuing operations before income taxes:92779699748185
Income tax expense(23)(20)(53)(36)(26)(29)(32)
Income from continuing operations:69574462485253
Loss from discontinued operations     (7)(1)
Net income:69574462484552
Other undisclosed net loss attributable to parent(11)(14)(6)(2)(2)(2)(0)
Net income available to common stockholders, diluted:58433860464351

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:69574462484552
Other comprehensive income (loss) (0)(0)1(4)(4)(2)
Comprehensive income:69574364444150
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(10)(19)1(8)(2)(2)(0)
Comprehensive income, net of tax, attributable to parent:59384556423949

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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