MOTORCAR PARTS OF AMERICA INC
For the period ended Dec 31, 2023. Filed Feb 9, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 31, 2023 · Filed Feb 9, 2024
MPAA$7.72-26.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
Balance Sheets
| December 31, 2023 | March 31, 2023 | |
|---|---|---|
| ASSETS · (Unaudited) | ||
| Current assets: | ||
| Cash and cash equivalents | $12,155,000 | $11,596,000 |
| Short-term investments | 2,206,000 | 2,011,000 |
| Accounts receivable — net | 93,008,000 | 119,868,000 |
| Inventory | 393,777,000 | 356,254,000 |
| Contract assets | 25,236,000 | 25,443,000 |
| Prepaid expenses and other current assets | 17,978,000 | 22,306,000 |
| Total current assets | 544,360,000 | 537,478,000 |
| Plant and equipment — net | 39,644,000 | 46,052,000 |
| Operating lease assets | 85,187,000 | 87,619,000 |
| Long-term deferred income taxes | 2,447,000 | 32,625,000 |
| Long-term contract assets | 318,323,000 | 318,381,000 |
| Goodwill and intangible assets — net | 4,461,000 | 5,348,000 |
| Other assets | 1,511,000 | 1,062,000 |
| TOTAL ASSETS | $995,933,000 | $1,028,565,000 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable and accrued liabilities | $178,881,000 | $141,766,000 |
| Customer finished goods returns accrual | 37,883,000 | 37,984,000 |
| Contract liabilities | 43,848,000 | 40,340,000 |
| Revolving loan | 115,000,000 | 145,200,000 |
| Other current liabilities | 5,369,000 | 4,871,000 |
| Operating lease liabilities | 8,564,000 | 8,767,000 |
| Current portion of term loan | - | 3,664,000 |
| Total current liabilities | 389,545,000 | 382,592,000 |
| Term loan, less current portion | - | 9,279,000 |
| Convertible notes, related party | 33,226,000 | 30,994,000 |
| Long-term contract liabilities | 206,590,000 | 193,606,000 |
| Long-term deferred income taxes | 74,000 | 718,000 |
| Long-term operating lease liabilities | 73,725,000 | 79,318,000 |
| Other liabilities | 11,021,000 | 11,583,000 |
| Total liabilities | 714,181,000 | 708,090,000 |
| Commitments and contingencies | ||
| Shareholders’ equity: | ||
| Preferred stock; par value $0.01 per share, 5,000,000 shares authorized; none issued | - | - |
| Series A junior participating preferred stock; par value $0.01 per share, 20,000 shares authorized; none issued | - | - |
| Common stock; par value $0.01 per share, 50,000,000 shares authorized; 19,662,380 and 19,494,615 shares issued and outstanding at December 31, 2023 and March 31, 2023, respectively | 197,000 | 195,000 |
| Additional paid-in capital | 235,823,000 | 231,836,000 |
| Retained earnings | 38,165,000 | 88,747,000 |
| Accumulated other comprehensive income (loss) | 7,567,000 | (303,000) |
| Total shareholders’ equity | 281,752,000 | 320,475,000 |
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $995,933,000 | $1,028,565,000 |
Condensed Consolidated
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