Standard Motor Products, Inc. (SMP) Financial Statements (2023 and Earlier)

Company Profile

Business Address 37-18 NORTHERN BLVD.
LONG ISLAND CITY, NY 11101
State of Incorp. NY
Fiscal Year End December 31
Industry (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
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 investments22191011172019
Cash and cash equivalents22191011172019
Receivables181198136158140135124
Inventory, net of allowances, customer advances and progress billings(46)(49)(46)(44)(42)(48)286
Inventory(46)(49)(46)(44)(42)(48)286
Other undisclosed current assets55543044942238040851
Total current assets:711599549546496515480
Noncurrent Assets
Operating lease, right-of-use asset403036
Property, plant and equipment103899091897869
Long-term investments and receivables44413932   
Long-term investments44413932   
Intangible assets, net (including goodwill)23813214311612413184
Goodwill132787867676755
Intangible assets, net (excluding goodwill)106546548566429
Deferred income tax assets364537
Other noncurrent assets25221916463437
Other undisclosed noncurrent assets   4232 (0)
Total noncurrent assets:487358363297291243191
Other undisclosed assets     1111
TOTAL ASSETS:1,198957913843788769681
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities18213611911510111590
Accounts payable1371009394788473
Employee-related liabilities45362721233117
Debt128105749625547
Other undisclosed current liabilities166157133149123114107
Total current liabilities:476303309313286284244
Noncurrent Liabilities
Long-term debt and lease obligation3123290000
Long-term debt, excluding current maturities0000000
Operating lease, liability312228
Liabilities, other than long-term debt78817163484445
Accounts payable and accrued liabilities25262118151213
Estimated litigation liability53555045333132
Total noncurrent liabilities:1091049963484445
Total liabilities:585406409376334328289
Stockholders' equity
Stockholders' equity attributable to parent602550504467454441392
Common stock48484848484848
Treasury stock, value(76)(61)(55)(54)(47)(29)(34)
Additional paid in capital1051051031021009793
Accumulated other comprehensive loss(8)(6)(9)(10)(4)(11)(6)
Retained earnings532464417380357336291
Stockholders' equity attributable to noncontrolling interest11      
Total stockholders' equity:613550504467454441392
TOTAL LIABILITIES AND EQUITY:1,198957913843788769681

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues1,2991,1291,1381,0921,1161,058972
Revenue, net1,1161,058972
Cost of revenue
(Cost of Goods and Services Sold)
(922)(792)(806)(779)(789)(736)(691)
Gross profit:377337332313327322281
Operating expenses(248)(228)(237)(236)(230)(226)(206)
Other operating income (expense), net0(0)(0)    
Other undisclosed operating income   4111
Operating income:1291099481989876
Nonoperating income (expense)313(0)12(0)
Foreign currency transaction loss, before tax      (1)
Other nonoperating income (expense)313(0)120
Interest and debt expense(2)(2)(5)(4)(2)(2)(2)
Income from continuing operations before equity method investments, income taxes:1301079277969974
Income (loss) from equity method investments 13(1)(1)21
Other undisclosed income (loss) from continuing operations before income taxes (1)(3)11(2)(1)
Income from continuing operations before income taxes:1301079277969974
Income tax expense(31)(27)(23)(20)(53)(36)(26)
Income from continuing operations:99806957446248
Loss from discontinued operations(8)      
Net income:91806957446248
Net loss attributable to noncontrolling interest(0)      
Other undisclosed net loss attributable to parent (23)(11)(14)(6)(2)(2)
Net income available to common stockholders, diluted:91575843386046

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:91806957446248
Other comprehensive income (loss)(2)  (0)(0)1(4)
Comprehensive income:88806957436444
Comprehensive loss, net of tax, attributable to noncontrolling interest(0)      
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (20)(10)(19)1(8)(2)
Comprehensive income, net of tax, attributable to parent:88605938455642

Statements Sources

The financial statements are based on the Company's filings with 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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