Spartan Motors, Inc. (SPAR) financial statements (2021 and earlier)

Company profile

Business Address 41280 BRIDGE STREET
NOVI, MI 48375
State of Incorp. MI
Fiscal Year End December 31
SIC 3711 - Motor Vehicles and Passenger Car Bodies (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 investments21192734323329
Cash and cash equivalents21192734323329
Receivables655910783675850
Inventory, net of allowances, customer advances and progress billings46597078596171
Inventory46597078596171
Contract with customer, asset91136
Disposal group, including discontinued operation 91     
Deferred tax assets    8
Other current assets8554544
Other undisclosed current assets78   3 
Total current assets:156253245199162158161
Noncurrent Assets
Operating lease, right-of-use asset4332
Property, plant and equipment46405755534750
Intangible assets, net (including goodwill)106984237222325
Goodwill49443427161616
Intangible assets, net (excluding goodwill)565499679
Deferred income tax assets626
Other noncurrent assets2223222
Deferred tax assets, net    (2)
Other undisclosed noncurrent assets  773 2
Total noncurrent assets:203198108102817278
TOTAL ASSETS:359451354301243231239
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities707610372645340
Accounts payable47557641312723
Accrued liabilities66161819179
Employee-related liabilities171611131398
Deferred revenue13
Debt7800000
Disposal group, including discontinued operation 50     
Customer advances and deposits25161312
Contract with customer, liability23
Other liabilities8161212847
Other undisclosed current liabilities85   32
Total current liabilities:93158138110887261
Noncurrent Liabilities
Long-term debt and lease obligation, including:23892618055
Long-term debt, excluding current maturities     55
Operating lease, liability3727
Other undisclosed long-term debt and lease obligation(13)6126180  
Liabilities, other than long-term debt5545354
Deferred tax liabilities, net   32
Other liabilities5545322
Other undisclosed noncurrent liabilities3727     
Total noncurrent liabilities:66121302331010
Total liabilities:159279168133908270
Stockholders' equity
Stockholders' equity attributable to parent200172187169154149169
Common stock91000000
Additional paid in capital 858380777676
Retained earnings1098710489767293
Stockholders' equity attributable to noncontrolling interest(0)(1)(1)(1)(1)(1)(0)
Total stockholders' equity:200172186168153148169
TOTAL LIABILITIES AND EQUITY:359451354301243231239

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
Revenues676757816707591550507
Revenue, net707591550507
Cost of revenue
(Cost of Goods and Services Sold)
(530)(0)(718)(618)(518)(503)(443)
Other undisclosed gross profit (640)(0)   (1)
Gross profit:1461179889734763
Operating expenses(97)(69)(82)(73)(64)(60)(64)
Operating income (loss):494816169(12)(1)
Nonoperating income (expense)(1)(0)1(0)000
Other nonoperating income1121000
Interest and debt expense(1)(2)(1)(1)(0)(0)(0)
Income (loss) from continuing operations before equity method investments, income taxes:474516158(13)(1)
Other undisclosed income from continuing operations before income taxes12110  
Income (loss) from continuing operations before income taxes:484717169(13)(1)
Income tax expense (benefit)(10)(10)(2)(0)(0)(5)2
Income (loss) from continuing operations:383715169(17)1
Loss from discontinued operations(5)(49)     
Income (loss) before gain (loss) on sale of properties:33(12)15169(17)1
Other undisclosed net income      0
Net income (loss):33(12)15169(17)1
Net income (loss) attributable to noncontrolling interest(0)(0) 0010
Net income (loss) available to common stockholders, diluted:33(13)15169(17)1

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 (loss):33(12)15169(17)1
Comprehensive income (loss):33(12)15169(17)1
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)(0) 0010
Comprehensive income (loss), net of tax, attributable to parent:33(13)15169(17)1

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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