SP Plus Corporation (SP) financial statements (2020 and earlier)

Company profile

Business Address 200 E. RANDOLPH STREET
CHICAGO, IL 60601-7702
State of Incorp. DE
Fiscal Year End December 31
SIC 751 - Automotive Rental And Leasing, Without Drivers (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
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 investments24402322191823
Cash and cash equivalents24402322191823
Receivables162151122121105109115
Contract with customer, asset11 
Deferred costs4 911121011
Deferred tax assets   121110
Other undisclosed current assets917722710
Total current assets:211208161157150156169
Noncurrent Assets
Operating lease, right-of-use asset432
Property, plant and equipment48402731354345
Intangible assets, net (including goodwill)     615546
Goodwill     433440
Intangible assets, net (excluding goodwill)     182106
Deposits noncurrent assets     77
Other noncurrent assets789824575591600627648
Other undisclosed noncurrent assets     (622)(553)
Total noncurrent assets:1,269865602622634669693
TOTAL ASSETS:1,4801,072763779784826862
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities230224193201184199144
Accounts payable11511010311095107115
Accrued liabilities868868656870 
Employee-related liabilities29262226212229
Deferred revenue19
Debt18132120151625
Other undisclosed current liabilities103107891273
Total current liabilities:370247220229208226242
Noncurrent Liabilities
Long-term debt and lease obligation, including:351374133175210238264
Long-term debt, excluding current maturities336361132175209237263
Other undisclosed long-term debt and lease obligation161310111
Liabilities, other than long-term debt578397107117132152
Deferred tax liabilities, net    617
Off-market lease, unfavorable 253240506174
Other liabilities57596566666561
Other undisclosed noncurrent liabilities328      
Total noncurrent liabilities:736457230281326370416
Total liabilities:1,106704450510534596659
Stockholders' equity
Stockholders' equity attributable to parent374369313268250229203
Common stock     00
Treasury stock, value(55)(8)(8)(8)   
Additional paid in capital263258255251248244241
Accumulated other comprehensive income (loss)(3)(2)(1)(1)(1)(0)0
Retained earnings (accumulated deficit)17012167263(15)(38)
Stockholders' equity attributable to noncontrolling interest(0)000111
Total stockholders' equity:374369313268250230204
TOTAL LIABILITIES AND EQUITY:1,4801,072763779784826862

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
Revenues1,6641,4681,5911,6161,6161,5151,467
Revenue, net1,5911,6161,6161,5151,467
Cost of revenue(1,436)(1,284)(1,405)(1,439)(1,446)(1,343)(1,295)
Cost of goods and services sold  (1,405)(1,439)(1,446)(2,007)(1,295)
Gross profit:228184185176170171172
Operating expenses(138)(109)(104)(124)(131)(134)(133)
Other undisclosed operating income     23
Operating income:90758153393942
Nonoperating income (expense)(19)1(9)(11)(14)(14)(18)
Other nonoperating income0011001
Interest and debt expense(19)(10)(9)(11)(13)(18)(19)
Other undisclosed income from continuing operations before equity method investments, income taxes1910911131819
Income from continuing operations before equity method investments, income taxes:71767242252624
Income from equity method investments     2 
Income from continuing operations before income taxes:71767242252824
Income tax expense (benefit)(19)(20)(28)(16)(5)0(9)
Income before gain (loss) on sale of properties:52564526202815
Other undisclosed net loss     (2) 
Net income:52564526202615
Net loss attributable to noncontrolling interest(3)(3)(3)(3)(3)(3)(3)
Net income available to common stockholders, diluted:49534123172312

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:52564526202615
Other comprehensive income (loss)(0)(1)0(0)(1)(0)0
Comprehensive income:51564526192615
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(3)(3)(3)(3)(3)(3)3
Other undisclosed comprehensive loss, net of tax, attributable to parent      (5)
Comprehensive income, net of tax, attributable to parent:49534123172313

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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