MOTORCAR PARTS OF AMERICA INC
For the period ended Sep 30, 2024. Filed Nov 12, 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.
Sep 30, 2024 · Filed Nov 12, 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
| September 30, 2024 | March 31, 2024 | |
|---|---|---|
| ASSETS · (Unaudited) | ||
| Current assets: | ||
| Cash and cash equivalents | $10,413,000 | $13,974,000 |
| Short-term investments | 1,901,000 | 1,837,000 |
| Accounts receivable — net | 112,699,000 | 96,296,000 |
| Inventory — net | 378,776,000 | 397,328,000 |
| Contract assets | 24,956,000 | 27,139,000 |
| Prepaid expenses and other current assets | 19,457,000 | 23,885,000 |
| Total current assets | 548,202,000 | 560,459,000 |
| Plant and equipment — net | 32,561,000 | 38,338,000 |
| Operating lease assets | 71,792,000 | 83,973,000 |
| Long-term deferred income taxes | 5,637,000 | 2,976,000 |
| Long-term contract assets | 321,303,000 | 320,282,000 |
| Goodwill and intangible assets — net | 3,984,000 | 4,274,000 |
| Other assets | 2,763,000 | 1,700,000 |
| TOTAL ASSETS | $986,242,000 | $1,012,002,000 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable and accrued liabilities | $168,548,000 | $185,182,000 |
| Customer finished goods returns accrual | 37,495,000 | 38,312,000 |
| Contract liabilities | 45,517,000 | 37,591,000 |
| Revolving loan | 124,691,000 | 128,000,000 |
| Other current liabilities | 8,419,000 | 7,021,000 |
| Operating lease liabilities | 9,272,000 | 8,319,000 |
| Total current liabilities | 393,942,000 | 404,425,000 |
| Convertible notes, related party | 32,340,000 | 30,776,000 |
| Long-term contract liabilities | 219,891,000 | 212,068,000 |
| Long-term deferred income taxes | 573,000 | 511,000 |
| Long-term operating lease liabilities | 69,419,000 | 72,240,000 |
| Other liabilities | 6,114,000 | 6,872,000 |
| Total liabilities | 722,279,000 | 726,892,000 |
| 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; 19,776,373 and 19,662,380 shares issued and outstanding at September 30, 2024 and March 31, 2024, respectively | 198,000 | 197,000 |
| Additional paid-in capital | 238,089,000 | 236,255,000 |
| Retained earnings | 18,464,000 | 39,503,000 |
| Accumulated other comprehensive income | 7,212,000 | 9,155,000 |
| Total shareholders’ equity | 263,963,000 | 285,110,000 |
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $986,242,000 | $1,012,002,000 |
Condensed Consolidated
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