Standard Motor Products, Inc. SMP Balance Sheet

Standard motor products, inc. (SMP)

Balance Sheet / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Dec'10
ASSETS
CURRENT ASSETS:
Cash and cash equivalents
13,268	10,372	13,259	17,419	11,746	11,138	27,321	18,573	26,226	17,323	25,398	16,389	15,581	19,796	30,537	12,395	13,360	18,800	13,359	12,704	8,119	13,728	10,585	6,217	4,423	5,559	10,097	12,275	9,722	13,074	10,887	9,242	9,282	10,871	14,898	13,094	12,135
Accounts receivable, less allowances for discounts and doubtful accounts of $5,647 and $5,212 for 2020 and 2019, respectively
165,685	135,516	168,968	179,386	174,164	157,535	163,309	173,861	160,573	140,057	163,175	187,759	180,156	134,630	161,726	168,435	143,200	123,853	150,179	160,618	150,736	126,524	145,631	144,291	125,901	125,201	141,979	151,789	127,048	98,565	161,348	157,756	122,178	104,115	137,521	152,619	104,986
Amount after valuation and FIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.
370,935	368,221	340,231	375,258	365,251	349,811	318,420	331,453	329,784	326,411	332,601	340,886	331,818	312,477	302,598	317,429	300,291	285,793	270,131	277,261	283,701	278,051	276,331	292,459	284,468	269,447	269,205	296,815	293,308	267,468	246,291	265,960	259,913	248,097	233,995	236,451	241,158
Carrying amount as of the balance sheet date of goods shipped to customers that the entity expects to be returned within the normal operating cycle of one year.
19,379	19,722	20,325	18,677	19,784	20,484	21,295	18,246	18,674	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	42,003	41,926	42,323	40,626	36,341	36,667	36,509	36,534	36,788	35,525	35,707	35,633	34,842	34,734	33,817	33,258	31,292	30,863	31,857	32,199	15,184	15,729	18,135
Assets held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	216	216	216
Prepaid expenses and other current assets
15,422	15,602	14,273	14,972	9,412	7,256	11,681	16,458	12,672	12,300	12,703	9,436	6,901	7,318	5,893	7,680	7,176	10,668	9,266	12,686	9,110	11,196	13,982	17,851	9,562	10,237	11,639	9,878	10,963	6,188	7,553	8,208	8,900	5,705	7,085	8,350	8,076
Total current assets
584,689	549,433	557,056	605,712	580,357	546,224	542,026	558,591	547,929	496,091	533,877	554,470	534,456	474,221	542,757	547,865	506,350	479,740	479,276	499,936	488,175	466,033	483,317	496,343	460,061	446,077	467,762	505,491	474,858	418,553	457,371	472,029	432,130	400,987	408,899	426,459	384,706
Property, plant and equipment, net of accumulated depreciation of $200,960 and $199,476 for 2020 and 2019, respectively
88,573	89,649	88,835	89,197	88,850	90,754	91,735	91,277	92,237	89,103	86,738	81,973	79,129	78,499	77,081	75,224	70,301	68,882	69,102	68,263	65,065	64,611	64,131	64,724	63,955	63,646	63,883	64,119	64,072	64,422	64,049	63,994	63,642	64,039	60,114	61,240	60,666
Operating lease right-of-use assets
34,292	36,020	34,055	35,648	37,301	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill
77,588	77,802	77,664	77,728	67,370	67,321	67,387	67,360	67,534	67,413	67,451	67,401	67,310	67,231	67,151	67,207	54,824	54,881	54,926	54,999	54,883	54,975	55,068	55,173	50,554	38,005	37,959	37,836	37,834	35,827	35,827	35,827	26,124	26,124	14,304	14,304	1,437
Other intangibles, net
62,482	64,861	66,857	69,017	46,581	48,411	50,263	52,216	54,411	56,261	58,204	60,008	62,007	64,056	66,318	68,625	27,964	29,386	30,616	31,836	32,863	34,402	35,602	37,147	33,629	34,861	36,262	37,291	38,830	36,546	37,493	38,883	30,742	31,718	16,474	17,075	11,050
Deferred income taxes
36,631	37,272	39,105	39,825	41,126	42,334	34,907	31,842	32,469	32,420	50,575	50,407	50,965	51,127	8,315	7,863	8,466	10,737	13,541	14,165	14,677	14,941	13,794	10,734	10,597	10,278	9,906	9,625	10,592	11,085	13,538	14,602	15,780	16,937	11,956	13,352	21,347
Investments in unconsolidated affiliates
38,572	38,858	39,030	34,400	33,703	32,469	33,785	34,725	35,703	31,184	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
17,884	18,835	18,081	18,000	17,446	15,619	16,284	15,934	15,917	15,095	34,840	36,174	35,518	33,563	36,554	36,626	37,433	37,438	38,086	40,060	39,032	38,589	39,894	38,200	22,125	22,656	20,119	18,931	15,413	10,161	10,382	10,775	11,447	10,917	11,996	12,577	13,595
Total assets
940,711	912,730	920,683	969,527	912,734	843,132	836,387	851,945	846,200	787,567	831,685	850,433	829,385	768,697	798,176	803,410	705,338	681,064	685,547	709,259	694,695	673,551	691,806	702,321	640,921	615,523	635,891	673,293	641,599	576,594	618,660	636,110	579,865	550,722	523,743	545,007	492,801
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Notes payable
105,000	52,460	78,211	130,000	78,717	43,689	45,000	88,528	90,000	57,000	73,000	78,946	82,045	54,812	70,000	99,994	49,456	47,427	24,502	52,916	71,567	56,558	59,249	59,070	33,023	21,406	32,187	68,334	75,553	40,453	60,260	97,000	79,000	73,000	41,790	67,805	52,887
Current portion of other debt
4,595	4,456	5,225	5,085	5,023	5,377	5,980	5,169	5,880	4,699	47	46	44	43	44	42	42	16	16	69	122	175	19	24	27	59	82	103	122	120	117	114	113	109	107	108	12,402
Accounts payable
81,266	92,535	71,139	89,149	96,878	94,357	84,031	94,988	90,718	77,990	86,278	104,074	101,989	83,878	88,168	99,158	86,225	72,711	78,413	88,939	76,889	70,674	71,648	90,112	81,725	71,469	65,165	90,157	84,552	62,283	67,335	81,262	72,454	50,880	68,060	74,421	49,919
Sundry payables and accrued expenses
31,702	38,819	36,326	34,280	32,116	31,033	30,879	29,391	29,741	40,012	46,321	43,991	43,036	45,147	49,121	42,305	34,907	40,706	50,938	47,342	43,237	49,412	46,586	51,714	41,365	41,939	42,196	39,309	36,642	41,723	39,015	30,854	27,234	33,409	35,583	29,590	29,280
Amount of liability for consideration received or receivable from customer when consideration is expected to be refunded to customer, classified as current. The liability arises when goods are expected to be returned by the customer due to defective goods or overstock.
52,389	44,116	53,984	53,420	55,318	57,433	53,717	42,536	43,031	35,916	45,074	45,779	47,692	40,176	46,424	44,363	41,974	38,812	44,186	39,285	35,814	30,621	40,062	40,669	37,803	31,464	46,721	44,977	35,721	29,033	44,439	41,461	30,727	25,074	32,626	37,306	23,207
Amount of liability for consideration received or receivable from customer when consideration is expected to be refunded to customer, classified as current. The liability arises when core products are sold and expected to be returned.
21,424	24,357	26,045	26,671	28,260	31,263	30,002	26,138	23,751	11,899	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amount as of the balance sheet date of obligations incurred through that date and payable for customer rebates. Rebates are a deduction from gross revenue in arriving at net revenue.
33,466	26,072	31,140	32,598	31,357	28,870	35,329	34,142	36,436	35,346	36,416	36,797	33,133	29,127	30,039	30,495	26,891	27,196	29,625	29,933	23,950	26,076	32,887	33,441	30,053	28,758	32,579	33,729	28,899	27,349	33,966	32,099	25,605	22,373	29,344	29,172	23,668
Payroll and commissions
18,365	26,649	27,590	22,737	17,901	20,564	24,013	20,861	18,971	23,035	27,429	25,519	19,945	30,658	30,485	21,439	15,353	17,048	19,056	16,206	13,443	17,313	19,498	18,821	15,773	25,221	23,698	19,997	15,957	21,211	21,944	17,694	14,432	24,036	24,074	19,441	23,468
Total current liabilities
348,207	309,464	329,660	393,940	345,570	312,586	308,951	341,753	338,528	285,897	314,565	335,152	327,884	283,841	314,281	337,796	254,848	243,916	246,736	274,690	265,022	250,829	269,949	293,851	239,769	220,316	242,628	296,606	277,446	222,172	267,076	300,484	249,565	228,881	231,584	257,843	214,831
Long-term debt
111	129	132	153	161	153	26	34	42	79	90	101	111	120	134	144	158	62	65	69	72	83	3	8	16	16	23	30	41	75	105	132	165	190	221	258	307
Noncurrent operating lease liabilities
26,841	28,376	27,214	28,613	30,130	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued postretirement benefits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,073	5,237	5,852	-	5,918	5,946	21,044
Other accrued liabilities
19,987	20,837	19,731	20,452	19,996	18,075	18,039	15,449	15,352	14,561	13,881	13,573	13,464	12,380	13,338	13,271	13,330	12,922	13,606	14,609	15,653	15,024	21,295	22,301	21,662	21,840	21,728	21,786	21,860	21,650	17,392	17,476	17,739	23,557	16,779	18,301	21,944
Accrued asbestos liabilities
48,952	49,696	49,894	41,104	43,837	45,117	35,319	32,339	32,769	33,376	33,629	29,383	30,353	31,328	31,884	31,717	31,848	32,185	32,782	33,294	33,399	33,462	34,225	22,607	23,643	23,919	24,223	24,242	24,597	25,110	25,646	25,990	26,042	26,141	26,248	25,533	24,792
Total liabilities
444,098	408,502	426,631	484,262	439,694	375,931	362,335	389,575	386,691	333,913	362,165	378,209	371,812	327,669	359,637	382,928	300,184	289,085	293,189	322,662	314,146	299,398	325,472	338,767	285,090	266,091	288,602	342,664	323,944	269,007	315,292	349,319	299,363	278,769	280,750	307,881	282,918
Commitments and contingencies
-	-	-	-	-	-	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Stockholders' equity:
Common stock - par value $2.00 per share: Authorized - 30,000,000 shares; issued 23,936,036 shares
47,872	47,872	47,872	47,872	47,872	47,872	47,872	47,872	47,872	47,872	47,872	47,872	47,872	47,872	47,872	47,872	47,872	47,872	47,872	47,872	47,872	47,872	47,872	47,872	47,872	47,872	47,872	47,872	47,872	47,872	47,872	47,872	47,872	47,872	47,872	47,872	47,872
Capital in excess of par value
104,245	102,742	106,043	105,347	104,467	102,470	104,876	103,403	102,646	100,057	102,173	101,183	99,527	96,850	97,246	95,901	94,910	93,247	95,153	94,202	93,109	91,411	89,601	90,398	89,302	87,563	85,830	85,871	85,109	82,348	81,514	82,529	82,083	79,789	78,723	78,705	77,471
Retained earnings
420,449	417,437	411,083	401,465	387,170	380,113	381,503	370,461	359,232	357,153	370,097	361,288	347,860	336,464	331,993	315,224	299,836	291,481	289,653	274,610	264,674	259,160	251,038	244,446	236,777	228,036	221,641	206,873	193,357	186,693	182,831	168,032	156,694	153,555	125,837	114,394	97,535
Accumulated other comprehensive income
-14,894	-8,589	-11,236	-8,511	-8,904	-9,594	-7,117	-7,830	-1,895	-4,109	-3,991	-5,487	-8,340	-11,028	-6,314	-6,231	-4,531	-6,474	-5,855	-3,986	-5,370	-2,652	-949	884	1,070	1,786	2,668	1,814	2,868	3,879	4,417	3,205	4,087	3,299	4,396	7,428	716
Treasury stock - at cost (1,622,842 shares and 1,477,594 shares in 2020 and 2019, respectively)
61,059	55,234	59,710	60,908	57,565	53,660	53,082	51,536	48,346	47,319	46,631	32,632	29,346	29,130	32,258	32,284	32,933	34,147	34,465	26,101	19,736	21,638	21,228	20,046	19,190	15,825	10,722	11,801	11,551	13,205	13,266	14,847	10,234	12,562	13,835	11,273	13,711
Total stockholders' equity
496,613	504,228	494,052	485,265	473,040	467,201	474,052	462,370	459,509	453,654	469,520	472,224	457,573	441,028	438,539	420,482	405,154	391,979	392,358	386,597	380,549	374,153	366,334	363,554	355,831	349,432	347,289	330,629	317,655	307,587	303,368	286,791	280,502	271,953	242,993	237,126	209,883
Total liabilities and stockholders' equity
940,711	912,730	920,683	969,527	912,734	843,132	836,387	851,945	846,200	787,567	831,685	850,433	829,385	768,697	798,176	803,410	705,338	681,064	685,547	709,259	694,695	673,551	691,806	702,321	640,921	615,523	635,891	673,293	641,599	576,594	618,660	636,110	579,865	550,722	523,743	545,007	492,801