Strattec Security Corporation (STRT) financial statements (2021 and earlier)

Company profile

Business Address 3333 WEST GOOD HOPE ROAD
MILWAUKEE, WI 53209
State of Incorp. WI
Fiscal Year End June 30
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
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9888152620
Cash and cash equivalents9888152620
Receivables66847465645969
Inventory, net of allowances, customer advances and progress billings53474735393531
Inventory53474735393531
Other current assets16767656
Other undisclosed current assets 101614111411
Total current assets:143157151129134138136
Noncurrent Assets
Operating lease, right-of-use asset4
Property, plant and equipment115118117112857156
Long-term investments and receivables24242217141510
Long-term investments24242217141510
Intangible assets, net (including goodwill)   0000
Intangible assets, net (excluding goodwill)   0000
Other noncurrent assets712171631112
Other undisclosed noncurrent assets03 05(0)(0)
Total noncurrent assets:1501561561451089777
TOTAL ASSETS:294313307274242235213
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities64786867636355
Accounts payable32423840322836
Accrued liabilities171916141919 
Employee-related liabilities16171313111618
Taxes payable      1
Accrued environmental loss contingencies111111 
Self insurance reserve     00
Other undisclosed current liabilities     (0)10
Total current liabilities:65796968646565
Noncurrent Liabilities
Long-term debt and lease obligation3242513020103
Long-term debt, excluding current maturities3242513020103
Liabilities, other than long-term debt74433810
Pension and other postretirement defined benefit plans, liabilities4
Deferred tax liabilities, net 1  55
Liability, pension and other postretirement and postemployment benefits222233
Other liabilities5111111
Total noncurrent liabilities:39465533231813
Total liabilities:105125124101888378
Stockholders' equity
Stockholders' equity attributable to parent163163162151139140126
Common stock0000000
Treasury stock, value(136)(136)(136)(136)(136)(136)(136)
Additional paid in capital98969594929087
Accumulated other comprehensive loss(18)(19)(33)(33)(38)(27)(20)
Retained earnings220221236226221213194
Stockholders' equity attributable to noncontrolling interest2524212215129
Total stockholders' equity:189188183173155152135
TOTAL LIABILITIES AND EQUITY:294313307274242235213

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

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
Revenues483487439417401412348
Revenue, net 417401411348
Cost of revenue
(Cost of Goods and Services Sold)
(427)(429)(385)(357)(337)(339)(283)
Other undisclosed gross profit     (0) 
Gross profit:56585460657366
Operating expenses(51)(47)(41)(46)(44)(42)(39)
Operating income:5111314213127
Nonoperating income (expense)0(0)12171
Investment income, nonoperating   0000
Foreign currency transaction gain (loss), before tax(1)(0)1  3 
Other nonoperating income (expense)00(0)2130
Interest and debt expense(1)(2)(1)(0)(0)(0)(0)
Income from continuing operations before equity method investments, income taxes:491316213827
Income (loss) from equity method investments1351(2)(1)1
Other undisclosed income (loss) from continuing operations before income taxes1(32)0  (3)(0)
Income (loss) from continuing operations before income taxes:6(20)1816193428
Income tax expense (benefit)08(2)(4)(5)(9)(9)
Net income (loss):6(13)1612142519
Net loss attributable to noncontrolling interest(4)(4)(3)(5)(5)(4)(3)
Net income (loss) attributable to parent:2(17)12792116
Other undisclosed net loss available to common stockholders, basic   (0)(0)(0)(0)
Net income (loss) available to common stockholders, diluted:2(17)12792016

Comprehensive Income ($ in millions)

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
Net income (loss):6(13)1612142519
Other comprehensive income (loss)119(2)5(11)(7)2
Comprehensive income:77141731821
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(5)(5)(2)(5)(5)(4)3
Other undisclosed comprehensive loss, net of tax, attributable to parent      (5)
Comprehensive income (loss), net of tax, attributable to parent:221212(2)1418

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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