Stoneridge, Inc. (SRI) financial statements (2022 and earlier)

Company profile

Business Address 39675 MACKENZIE DRIVE
NOVI, MI 48377
State of Incorp. OH
Fiscal Year End December 31
SIC 3714 - Motor Vehicle Parts and Accessories (benchmarking)
More info Complete financial analysis Financial benchmarking

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

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 investments85,54773,91969,40381,09266,00350,38954,361
Cash and cash equivalents85,54773,91969,40381,09266,00350,38954,361
Receivables150,388136,745138,564139,076142,438113,22594,937
Inventory, net of allowances, customer advances and progress billings138,11590,54893,44979,27873,47160,11761,009
Inventory138,11590,54893,44979,27873,47160,11761,009
Other undisclosed current assets36,77433,45229,85020,73121,45717,16221,602
Total current assets:410,824334,664331,266320,177303,369240,893231,909
Noncurrent Assets
Operating lease, right-of-use asset18,34318,94422,027
Property, plant and equipment107,901119,324122,483112,213110,40291,50085,264
Intangible assets, net (including goodwill), including:86,25094,49893,99698,749113,66240,19136,699
Goodwill36,38739,10435,87436,71738,419(300,083)(300,083)
Intangible assets, net (excluding goodwill)49,86355,39458,12262,03275,24339,26035,718
Other undisclosed intangible assets, net (including goodwill)     301,014301,064
Estimated insurance recoveries    1,644  
Other undisclosed noncurrent assets42,08153,97832,43728,38029,96021,94510,380
Total noncurrent assets:254,575286,744270,943239,342255,668153,636132,343
TOTAL ASSETS:665,399621,408602,209559,519559,037394,529364,252
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities97,67986,10380,70187,89479,38662,59455,225
Accounts payable97,67986,10380,70187,89479,38662,59455,225
Debt5,2487,6732,6721,5334,1928,62613,905
Other liabilities70,13952,27255,22357,88052,54641,48938,920
Total current liabilities:173,066146,048138,596147,307136,124112,709108,050
Noncurrent Liabilities
Long-term debt and lease obligation14,91215,43418,4259833,8528,0604,458
Long-term debt, excluding current maturities  4549833,8528,0604,458
Operating lease, liability14,91215,43417,971
Liabilities, other than long-term debt20,60830,93932,39535,27857,54517,44647,578
Accounts payable and accrued liabilities3,0943,6473,1113,2833,1122,6171,973
Deferred tax liabilities, net14,89518,8749,76041,332
Deferred income tax liabilities10,70612,93512,530
Liability for uncertainty in income taxes   32444146290
Other liabilities6,80814,35716,75417,06835,1154,9233,983
Other undisclosed noncurrent liabilities160,863132,353122,88992,685117,44464,23797,737
Total noncurrent liabilities:196,383178,726173,709128,946178,84189,743149,773
Total liabilities:369,449324,774312,305276,253314,965202,452257,823
Stockholders' equity
Stockholders' equity attributable to parent295,950296,634289,904283,266244,072178,31593,119
Treasury stock, value(55,264)(60,482)(50,773)(8,880)(7,118)(5,632)(4,208)
Additional paid in capital232,490234,409225,607231,647228,486206,504199,254
Accumulated other comprehensive loss(97,024)(89,635)(91,472)(85,752)(69,560)(67,913)(69,822)
Retained earnings (accumulated deficit)215,748212,342206,542146,25192,26445,356(32,105)
Stockholders' equity attributable to noncontrolling interest     13,76213,310
Total stockholders' equity:295,950296,634289,904283,266244,072192,077106,429
TOTAL LIABILITIES AND EQUITY:665,399621,408602,209559,519559,037394,529364,252

Income statement (P&L) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues770,462648,006834,289866,199824,444695,977644,812
Revenue, net824,444695,977644,812
Cost of revenue
(Cost of Goods and Services Sold)
(603,604)(493,810)(620,556)(609,568)(576,304)(500,538)(467,834)
Gross profit:166,858154,196213,733256,631248,140195,439176,978
Operating expenses(182,165)(161,860)(176,051)(189,627)(190,770)(151,357)(149,163)
Other operating income, net
(Other Nonrecurring (Income) Expense)
30,718 33,599    
Operating income (loss):15,411(7,664)71,28167,00457,37044,08227,815
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(1,444)1,528(142)736(641)147(1,828)
Interest and debt expense (506)(624)(326)(324)(355)(388)
Income (loss) from continuing operations before equity method investments, income taxes:13,967(6,642)70,51567,41456,40543,87425,599
Income from equity method investments3,6581,5361,5782,0381,6361,233608
Other undisclosed loss from continuing operations before income taxes(5,189)(5,618)(3,700)(4,394)(5,459)(5,922)(5,977)
Income (loss) from continuing operations before income taxes:12,436(10,724)68,39365,05852,58239,18520,230
Income tax expense (benefit)(9,030)2,774(8,102)(11,210)(7,533)36,389547
Income (loss) from continuing operations:3,406(7,950)60,29153,84845,04975,57420,777
Loss from discontinued operations      (210)
Net income (loss):3,406(7,950)60,29153,84845,04975,57420,567
Net income attributable to noncontrolling interest    1301,8872,207
Net income (loss) available to common stockholders, diluted:3,406(7,950)60,29153,84845,17977,46122,774

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):3,406(7,950)60,29153,84845,04975,57420,567
Other comprehensive income (loss)(7,389)1,837(5,720)(16,192)15,3481,909(24,349)
Comprehensive income (loss):(3,983)(6,113)54,57137,65660,39777,483(3,782)
Comprehensive income, net of tax, attributable to noncontrolling interest    1301,8872,207
Comprehensive income (loss), net of tax, attributable to parent:(3,983)(6,113)54,57137,65660,52779,370(1,575)

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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