Stoneridge, Inc. (SRI) financial statements (2020 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 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 investments69816650544363
Cash and cash equivalents69816650544363
Receivables13913914211395105134
Inventory, net of allowances, customer advances and progress billings937973606171114
Inventory937973606171114
Other undisclosed current assets30212117222630
Total current assets:331320303241232246340
Noncurrent Assets
Operating lease, right-of-use asset22
Property, plant and equipment122112110928585111
Intangible assets, net (including goodwill), including:9499114403758127
Goodwill363738(300)(300)159
Intangible assets, net (excluding goodwill)58627539365769
Other undisclosed intangible assets, net (including goodwill)   301301 
Estimated insurance recoveries  2   
Investments and other noncurrent assets1010
Other undisclosed noncurrent assets3228302210  
Total noncurrent assets:271239256154132153248
TOTAL ASSETS:602560559395364399588
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities818879635576110
Accounts payable81887963555985
Employee-related liabilities     1725
Debt3249142012
Other liabilities55585341394257
Other undisclosed current liabilities     (17)(25)
Total current liabilities:139147136113108120154
Noncurrent Liabilities
Long-term debt and lease obligation18148411185
Long-term debt, excluding current maturities0148411185
Operating lease, liability18
Liabilities, other than long-term debt32355817485562
Accounts payable and accrued liabilities33332  
Deferred tax liabilities, net151910415057
Deferred income tax liabilities13
Liability for uncertainty in income taxes 000011
Other liabilities1717355444
Other undisclosed noncurrent liabilities12393117649899(1)
Total noncurrent liabilities:17412917990150165246
Total liabilities:312276315202258285400
Stockholders' equity
Stockholders' equity attributable to parent2902832441789391149
Treasury stock, value(51)(9)(7)(6)(4)(1)(1)
Additional paid in capital226232228207199193188
Accumulated other comprehensive loss(91)(86)(70)(68)(70)(45)(30)
Retained earnings (accumulated deficit)2071469245(32)(55)(8)
Stockholders' equity attributable to noncontrolling interest   14132340
Total stockholders' equity:290283244192106114189
TOTAL LIABILITIES AND EQUITY:602560559395364399588

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
Revenues834866824696645661948
Revenue, net824696645661948
Cost of revenue
(Cost of Goods and Services Sold)
(621)(610)(576)(501)(468)(470)(722)
Gross profit:214257248195177191226
Operating expenses(176)(190)(191)(151)(149)(226)(233)
Other operating income, net
(Other Nonrecurring (Income) Expense)
34      
Other undisclosed operating income     1046
Operating income (loss):7167574428(26)40
Nonoperating income (expense)(0)1(1)0(2)(2)(3)
Foreign currency transaction loss, before tax     (1)(2)
Other nonoperating income (expense)(0)1(1)0(2)(1)(1)
Interest and debt expense(1)(0)(0)(0)(0)(11) 
Income (loss) from continuing operations before equity method investments, income taxes:7167564426(38)37
Income from equity method investments2221110
Other undisclosed loss from continuing operations before income taxes(4)(4)(5)(6)(6)(16)(17)
Income (loss) from continuing operations before income taxes:6865533920(53)21
Income tax expense (benefit)(8)(11)(8)3612(4)
Income (loss) from continuing operations:6054457621(51)17
Loss from discontinued operations    (0)(9) 
Net income (loss):6054457621(61)17
Net income (loss) attributable to noncontrolling interest  02213(1)
Net income (loss) available to common stockholders, diluted:6054457723(47)15

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):6054457621(61)17
Other comprehensive income (loss)(6)(16)152(24)(15)(20)
Comprehensive income (loss):55386077(4)(76)(4)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest  022(17)1
Other undisclosed comprehensive income (loss), net of tax, attributable to parent     30(3)
Comprehensive income (loss), net of tax, attributable to parent:55386179(2)(62)(5)

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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