MOTORCAR PARTS OF AMERICA INC
For the period ended Mar 31, 2025. Filed Jun 9, 2025.
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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.
FY2025 · Filed Jun 9, 2025
MPAA$7.42-3.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
| Years Ended March 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Cash flows from operating activities: | |||
| Net loss | $(19,470,000) | $(49,244,000) | $(4,207,000) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | |||
| Depreciation and amortization | 9,923,000 | 10,544,000 | 10,984,000 |
| Amortization of intangible assets | 477,000 | 1,075,000 | 1,460,000 |
| Amortization of debt issuance costs | 2,222,000 | 2,165,000 | 663,000 |
| Amortization of interest on contract liabilities, net | 749,000 | 933,000 | 940,000 |
| Accrued interest on convertible notes, related party | 3,521,000 | 3,200,000 | 9,000 |
| Loss on extinguishment of debt | - | 168,000 | - |
| Amortization of core premiums paid to customers | 9,826,000 | 10,181,000 | 11,113,000 |
| Amortization of finished goods premiums paid to customers | 912,000 | 782,000 | 678,000 |
| Non-cash lease expense | 9,540,000 | 10,255,000 | 8,348,000 |
| Foreign exchange impact of lease liabilities and forward contracts | 15,892,000 | (3,814,000) | (9,291,000) |
| Foreign currency remeasurement | 2,262,000 | 65,000 | 1,408,000 |
| Change in fair value of compound net derivative liability | 60,000 | (1,020,000) | - |
| (Gain) loss on short-term investments | (105,000) | (347,000) | 181,000 |
| Net provision for inventory reserves | 15,009,000 | 16,233,000 | 18,851,000 |
| Net provision for customer payment discrepancies | 1,507,000 | 1,452,000 | 2,112,000 |
| Net provision for (recovery of) doubtful accounts | 42,000 | (133,000) | 108,000 |
| Deferred income taxes | (1,805,000) | 29,564,000 | (5,207,000) |
| Share-based compensation expense | 3,877,000 | 4,700,000 | 4,685,000 |
| Loss on disposal of plant and equipment | 5,000 | 9,000 | 17,000 |
| Change in operating assets and liabilities: | |||
| Accounts receivable | 2,407,000 | 22,687,000 | (37,176,000) |
| Inventory | 19,615,000 | (53,585,000) | 10,423,000 |
| Inventory unreturned | 1,723,000 | (3,666,000) | (1,531,000) |
| Income tax receivable | 1,450,000 | (3,501,000) | (2,030,000) |
| Prepaid expenses and other current assets | (2,259,000) | 3,100,000 | (2,906,000) |
| Other assets | (1,509,000) | (601,000) | 435,000 |
| Accounts payable and accrued liabilities | (13,280,000) | 47,264,000 | (23,757,000) |
| Customer finished goods returns accrual | (3,676,000) | 222,000 | (201,000) |
| Contract assets, net | (29,981,000) | (14,221,000) | (17,560,000) |
| Contract liabilities, net | 29,381,000 | 14,664,000 | 17,719,000 |
| Operating lease liabilities | (9,088,000) | (8,702,000) | (7,141,000) |
| Other liabilities | (3,750,000) | (1,257,000) | (881,000) |
| Net cash provided by (used in) operating activities | 45,477,000 | 39,172,000 | (21,754,000) |
| Cash flows from investing activities: | |||
| Purchase of plant and equipment | (4,578,000) | (1,000,000) | (4,201,000) |
| Proceeds from sales of plant and equipment | 49,000 | - | - |
| Redemptions of short-term investments | 60,000 | 521,000 | 10,000 |
| Net cash used in investing activities | (4,469,000) | (479,000) | (4,191,000) |
| Cash flows from financing activities: | |||
| Borrowings under revolving loan | 541,423,000 | 82,005,000 | 65,000,000 |
| Repayments under revolving loan | (578,636,000) | (99,205,000) | (74,800,000) |
| Repayments of term loan | - | (13,125,000) | (3,750,000) |
| Proceeds from issuance of convertible notes, related party | - | - | 32,000,000 |
| Payments for debt issuance costs | (15,000) | (3,973,000) | (1,716,000) |
| Payments on finance lease obligations | (1,705,000) | (1,862,000) | (2,397,000) |
| Exercise of stock options | - | - | 940,000 |
| Cash used to net share settle equity awards | (890,000) | (279,000) | (969,000) |
| Repurchase of common stock, including fees | (4,832,000) | - | - |
| Net cash (used in) provided by financing activities | (44,655,000) | (36,439,000) | 14,308,000 |
| Effect of exchange rate changes on cash and cash equivalents | (898,000) | 124,000 | 217,000 |
| Net (decrease) increase in cash and cash equivalents | (4,545,000) | 2,378,000 | (11,420,000) |
| Cash and cash equivalents — Beginning of year | 13,974,000 | 11,596,000 | 23,016,000 |
| Cash and cash equivalents — End of year | $9,429,000 | $13,974,000 | $11,596,000 |
| Supplemental disclosures of cash flow information: | |||
| Cash paid for interest, net | $48,724,000 | $53,797,000 | $37,772,000 |
| Cash paid for income taxes, net of refunds | 5,858,000 | 9,558,000 | 14,198,000 |
| Cash paid for operating leases | 13,356,000 | 13,358,000 | 12,055,000 |
| Cash paid for finance leases | 1,896,000 | 2,081,000 | 2,659,000 |
| Plant and equipment acquired under finance lease | 1,412,000 | 745,000 | 1,246,000 |
| Assets acquired under operating leases | 3,972,000 | 1,603,000 | 7,832,000 |
| Non-cash capital expenditures | 80,000 | 16,000 | 6,000 |
| Debt issuance costs included in accounts payable and accrued liabilities | - | - | 476,000 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.