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)

12/31/2019
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 investments19273432332931
Cash and cash equivalents19273432332931
Receivables591078367585048
Inventory, net of allowances, customer advances and progress billings59707859617181
Inventory59707859617181
Contract with customer, asset1136
Disposal group, including discontinued operation91      
Assets held-for-sale0
Income taxes receivable2
Deferred tax assets    87
Other current assets5545442
Other undisclosed current assets8   3  
Total current assets:253245199162158161171
Noncurrent Assets
Operating lease, right-of-use asset32
Property, plant and equipment40575553475054
Intangible assets, net (including goodwill)98423722232526
Goodwill44342716161616
Intangible assets, net (excluding goodwill)549967910
Deferred income tax assets26
Other noncurrent assets2232222
Deferred tax assets, net    (2)(3)
Other undisclosed noncurrent assets 773 23
Total noncurrent assets:19810810281727883
TOTAL ASSETS:451354301243231239253
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities761037264534037
Accounts payable55764131272331
Accrued liabilities6161819179 
Employee-related liabilities16111313986
Deferred revenue3
Debt8000000
Disposal group, including discontinued operation50      
Customer advances and deposits25161312
Contract with customer, liability23
Other liabilities1612128475
Other undisclosed current liabilities5   3228
Total current liabilities:15813811088726170
Noncurrent Liabilities
Long-term debt and lease obligation, including:8926180555
Long-term debt, excluding current maturities    555
Operating lease, liability27
Other undisclosed long-term debt and lease obligation6126180   
Liabilities, other than long-term debt5453546
Deferred tax liabilities, net   323
Other liabilities5453223
Other undisclosed noncurrent liabilities27      
Total noncurrent liabilities:12130233101012
Total liabilities:27916813390827082
Stockholders' equity
Stockholders' equity attributable to parent172187169154149169172
Common stock0000000
Additional paid in capital85838077767675
Retained earnings871048976729396
Stockholders' equity attributable to noncontrolling interest(1)(1)(1)(1)(1)(0)0
Total stockholders' equity:172186168153148169172
TOTAL LIABILITIES AND EQUITY:451354301243231239253

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
Revenues757816707591550507470
Revenue, net707591550507470
Cost of revenue
(Cost of Goods and Services Sold)
(0)(718)(618)(518)(503)(443)(416)
Other undisclosed gross profit(640)(0)   (1) 
Gross profit:117988973476353
Operating expenses(69)(82)(73)(64)(60)(64)(61)
Operating income (loss):4816169(12)(1)(8)
Nonoperating income (expense)(0)1(0)0000
Other nonoperating income1210001
Interest and debt expense(2)(1)(1)(0)(0)(0)(0)
Income (loss) from continuing operations before equity method investments, income taxes:4516158(13)(1)(8)
Other undisclosed income from continuing operations before income taxes2110   
Income (loss) from continuing operations before income taxes:4717169(13)(1)(8)
Income tax expense (benefit)(10)(2)(0)(0)(5)22
Income (loss) from continuing operations:3715169(17)1(6)
Loss from discontinued operations(49)      
Income (loss) before gain (loss) on sale of properties:(12)15169(17)1(6)
Other undisclosed net income     00
Net income (loss):(12)15169(17)1(6)
Net income (loss) attributable to noncontrolling interest(0) 0010(0)
Net income (loss) available to common stockholders, diluted:(13)15169(17)1(6)

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 (loss):(12)15169(17)1(6)
Comprehensive income (loss):(12)15169(17)1(6)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0) 00100
Comprehensive income (loss), net of tax, attributable to parent:(13)15169(17)1(6)

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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