SP Plus Corporation (SP) Financial Statements (2023 and Earlier)

Company Profile

Business Address 200 E. RANDOLPH STREET
CHICAGO, IL 60601-7702
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 751 - Automotive Rental And Leasing, Without Drivers (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 investments16142440232219
Cash and cash equivalents16142440232219
Receivables140111162151122121105
Contract with customer, asset2911 
Deferred costs  4 91112
Deferred tax assets   12
Other undisclosed current assets3018917722
Total current assets:188152211208161157150
Noncurrent Assets
Operating lease, right-of-use asset201235432
Property, plant and equipment49534840273135
Intangible assets, net (including goodwill)581590     
Goodwill527527     
Intangible assets, net (excluding goodwill)5463     
Deferred income tax assets5164 
Other noncurrent assets4734789824575591600
Other undisclosed noncurrent assets 10     
Total noncurrent assets:9299861,269865602622634
TOTAL ASSETS:1,1161,1381,4801,072763779784
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities183167230224193201184
Accounts payable1199811511010311095
Accrued liabilities39378688686568
Employee-related liabilities26322926222621
Deferred revenue161319
Debt26251813212015
Other undisclosed current liabilities10811310310789
Total current liabilities:333318370247220229208
Noncurrent Liabilities
Long-term debt and lease obligation, including:298337351374133175210
Long-term debt, excluding current maturities  336361132175209
Finance lease, liability1421 
Operating lease, liability200243 
Other undisclosed long-term debt and lease obligation84731613101
Liabilities, other than long-term debt6662578397107117
Liability, pension and other postretirement and postemployment benefits33     
Off-market lease, unfavorable   25324050
Other liabilities63585759656666
Other undisclosed noncurrent liabilities197240328    
Total noncurrent liabilities:561639736457230281326
Total liabilities:8949561,106704450510534
Stockholders' equity
Stockholders' equity attributable to parent223183374369313268250
Treasury stock, value(71)(71)(55)(8)(8)(8) 
Additional paid in capital268261263258255251248
Accumulated other comprehensive loss(3)(4)(3)(2)(1)(1)(1)
Retained earnings (accumulated deficit)28(3)17012167263
Stockholders' equity attributable to noncontrolling interest(0)(2)(0)0001
Total stockholders' equity:222181374369313268250
TOTAL LIABILITIES AND EQUITY:1,1161,1381,4801,072763779784

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
Revenues1,1771,0871,6641,4681,5911,6161,616
Revenue, net1,5911,6161,616
Cost of revenue(997)(1,057)(1,436)(1,284)(1,405)(1,439)(1,446)
Cost of goods and services sold(997)   (1,405)(1,439)(1,446)
Gross profit:18030228184185176170
Operating expenses(113)(115)(138)(109)(104)(124)(131)
Other undisclosed operating loss (135)     
Operating income (loss):67(220)9075815339
Nonoperating income (expense)(21)(21)(19)1(9)(11)(14)
Other nonoperating income (expense)0(0)00110
Interest and debt expense(21)(22)(19)(10)(9)(11)(13)
Other undisclosed income from continuing operations before equity method investments, income taxes2122191091113
Income (loss) from continuing operations before equity method investments, income taxes:46(240)7176724225
Income from equity method investments11     
Income (loss) from continuing operations before income taxes:47(239)7176724225
Income tax expense (benefit)(11)68(19)(20)(28)(16)(5)
Income (loss) before gain (loss) on sale of properties:37(172)5256452620
Other undisclosed net loss(1)(1)     
Net income (loss):35(173)5256452620
Net income (loss) attributable to noncontrolling interest(4)0(3)(3)(3)(3)(3)
Net income (loss) available to common stockholders, diluted:32(173)4953412317

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 (loss):35(173)5256452620
Other comprehensive income (loss)2(2)(0)(1)0(0)(1)
Comprehensive income (loss):37(175)5156452619
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(4)0(3)(3)(3)(3)(3)
Comprehensive income (loss), net of tax, attributable to parent:33(175)4953412317

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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