MOTORCAR PARTS OF AMERICA INC
For the period ended Mar 31, 2024. Filed Jun 11, 2024.
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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 Jun 11, 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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Consolidated Balance Sheets
Balance Sheets
| March 31, 2024 | March 31, 2023 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $13,974,000 | $11,596,000 |
| Short-term investments | 1,837,000 | 2,011,000 |
| Accounts receivable — net | 96,296,000 | 119,868,000 |
| Inventory — net | 377,040,000 | 339,675,000 |
| Inventory unreturned | 20,288,000 | 16,579,000 |
| Contract assets | 27,139,000 | 25,443,000 |
| Income tax receivable | 5,683,000 | 2,156,000 |
| Prepaid expenses and other current assets | 18,202,000 | 20,150,000 |
| Total current assets | 560,459,000 | 537,478,000 |
| Plant and equipment — net | 38,338,000 | 46,052,000 |
| Operating lease assets | 83,973,000 | 87,619,000 |
| Deferred income taxes | 2,976,000 | 32,625,000 |
| Long-term contract assets | 320,282,000 | 318,381,000 |
| Goodwill | 3,205,000 | 3,205,000 |
| Intangible assets — net | 1,069,000 | 2,143,000 |
| Other assets | 1,700,000 | 1,062,000 |
| TOTAL ASSETS | $1,012,002,000 | $1,028,565,000 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $154,977,000 | $119,437,000 |
| Accrued liabilities | 30,205,000 | 22,329,000 |
| Customer finished goods returns accrual | 38,312,000 | 37,984,000 |
| Contract liabilities | 37,591,000 | 40,340,000 |
| Revolving loan | 128,000,000 | 145,200,000 |
| Other current liabilities | 7,021,000 | 4,871,000 |
| Operating lease liabilities | 8,319,000 | 8,767,000 |
| Current portion of term loan | - | 3,664,000 |
| Total current liabilities | 404,425,000 | 382,592,000 |
| Term loan, less current portion | - | 9,279,000 |
| Convertible notes, related party | 30,776,000 | 30,994,000 |
| Contract liabilities, less current portion | 212,068,000 | 193,606,000 |
| Deferred income taxes | 511,000 | 718,000 |
| Operating lease liabilities, less current portion | 72,240,000 | 79,318,000 |
| Other liabilities | 6,872,000 | 11,583,000 |
| Total liabilities | 726,892,000 | 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 March 31, 2024 and 2023, respectively | 197,000 | 195,000 |
| Additional paid-in capital | 236,255,000 | 231,836,000 |
| Retained earnings | 39,503,000 | 88,747,000 |
| Accumulated other comprehensive income (loss) | 9,155,000 | (303,000) |
| Total shareholders’ equity | 285,110,000 | 320,475,000 |
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $1,012,002,000 | $1,028,565,000 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.