STANDARD MOTOR PRODUCTS INC

For the period ended Dec 31, 2024. Filed Feb 28, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 28, 2025

SMP$44.57-0.3%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets as of December 31, 202 and

Index

	December 31,
(In thousands, except share data)	2024	2023
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$44,426	$32,526
Accounts receivable, less allowances for discounts and expected credit losses of $5,472 and $8,045 in 2024 and 2023, respectively	210,719	160,282
Inventories	624,913	507,075
Unreturned customer inventories	16,163	18,240
Prepaid expenses and other current assets	25,703	26,100
Total current assets	921,924	744,223
Property, plant and equipment, net	168,735	121,872
Operating lease right-of-use assets	109,899	100,065
Goodwill	241,418	134,729
Customer relationships intangibles, net	210,430	76,017
Other intangibles, net	90,540	16,291
Deferred income taxes	13,199	40,533
Investments in unconsolidated affiliates	24,842	24,050
Other assets	33,139	35,267
Total assets	$1,814,126	$1,293,047
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES:
Current portion of revolving credit facility	$10,800	$—
Current portion of term loan and other debt	16,317	5,029
Accounts payable	148,009	107,455
Sundry payables and accrued expenses	84,936	63,303
Accrued customer returns	46,471	38,238
Accrued core liability	12,807	18,399
Accrued rebates	76,168	42,278
Payroll and commissions	40,964	29,561
Total current liabilities	436,472	304,263
Long-term debt	535,197	151,182
Noncurrent operating lease liabilities	98,214	88,974
Other accrued liabilities	29,593	25,742
Accrued asbestos liabilities	84,568	72,013
Total liabilities	1,184,044	642,174
Commitments and contingencies
Stockholders’ equity:
Common Stock - par value $2.00 per share:
Authorized 30,000,000 shares, issued 23,936,036 shares	47,872	47,872
Capital in excess of par value	100,135	101,751
Retained earnings	575,385	573,226
Accumulated other comprehensive income	(25,832)	(5,974)
Treasury stock - at cost (2,077,877 shares and 2,018,982 shares in 2024 and 2023, respectively)	(81,815)	(81,811)
Total SMP stockholders’ equity	615,745	635,064
Noncontrolling interest	14,337	15,809
Total stockholders’ equity	630,082	650,873
Total liabilities and stockholders’ equity	$1,814,126	$1,293,047

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.