MOTORCAR PARTS OF AMERICA INC
For the period ended Mar 31, 2026. Filed Jun 8, 2026.
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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.
FY2026 · Filed Jun 8, 2026
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, | |||
|---|---|---|---|
| 2026 | 2025 | 2024 | |
| Cash flows from operating activities: | |||
| Net income (loss) | $12,394,000 | $(19,470,000) | $(49,244,000) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||
| Depreciation and amortization | 9,453,000 | 9,923,000 | 10,544,000 |
| Amortization of intangible assets | 335,000 | 477,000 | 1,075,000 |
| Amortization of debt issuance costs | 2,452,000 | 2,222,000 | 2,165,000 |
| Amortization of interest on contract liabilities, net | 749,000 | 749,000 | 933,000 |
| Accrued interest on convertible notes, related party | 3,873,000 | 3,521,000 | 3,200,000 |
| Loss on extinguishment of debt | - | - | 168,000 |
| Amortization of core premiums paid to customers | 10,797,000 | 9,826,000 | 10,181,000 |
| Amortization of finished goods premiums paid to customers | 1,104,000 | 912,000 | 782,000 |
| Non-cash lease expense | 10,325,000 | 9,540,000 | 10,255,000 |
| Foreign exchange impact of lease liabilities and forward contracts | (8,924,000) | 15,892,000 | (3,814,000) |
| Foreign currency remeasurement | (949,000) | 2,262,000 | 65,000 |
| Change in fair value of compound net derivative liability | (1,130,000) | 60,000 | (1,020,000) |
| Gain on short-term investments | (252,000) | (105,000) | (347,000) |
| Net provision for inventory reserves | 9,891,000 | 15,009,000 | 16,233,000 |
| Net provision for customer payment discrepancies | 570,000 | 1,507,000 | 1,452,000 |
| Net provision for (recovery of) doubtful accounts | 94,000 | 42,000 | (133,000) |
| Deferred income taxes | 548,000 | (1,805,000) | 29,564,000 |
| Share-based compensation expense | 5,635,000 | 3,877,000 | 4,700,000 |
| Loss on disposal of plant and equipment | 43,000 | 5,000 | 9,000 |
| Change in operating assets and liabilities: | |||
| Accounts receivable | (21,625,000) | 2,407,000 | 22,687,000 |
| Inventory | (48,596,000) | 19,615,000 | (53,585,000) |
| Inventory unreturned | 2,099,000 | 1,723,000 | (3,666,000) |
| Income tax receivable | (974,000) | 1,450,000 | (3,501,000) |
| Prepaid expenses and other current assets | (1,377,000) | (2,259,000) | 3,100,000 |
| Other assets | 327,000 | (1,509,000) | (601,000) |
| Accounts payable and accrued liabilities | 27,426,000 | (13,280,000) | 47,264,000 |
| Customer finished goods returns accrual | (4,596,000) | (3,676,000) | 222,000 |
| Contract assets, net | (11,277,000) | (29,981,000) | (14,221,000) |
| Contract liabilities, net | 29,746,000 | 29,381,000 | 14,664,000 |
| Operating lease liabilities | (10,195,000) | (9,088,000) | (8,702,000) |
| Other liabilities | 1,192,000 | (3,750,000) | (1,257,000) |
| Net cash provided by operating activities | 19,158,000 | 45,477,000 | 39,172,000 |
| Cash flows from investing activities: | |||
| Purchase of plant and equipment | (3,696,000) | (4,578,000) | (1,000,000) |
| Proceeds from sales of plant and equipment | - | 49,000 | - |
| Redemptions of short term investments | 106,000 | 60,000 | 521,000 |
| Net cash used in investing activities | (3,590,000) | (4,469,000) | (479,000) |
| Cash flows from financing activities: | |||
| Borrowings under revolving loan | 730,776,000 | 541,423,000 | 82,005,000 |
| Repayments under revolving loan | (726,895,000) | (578,636,000) | (99,205,000) |
| Repayments of term loan | - | - | (13,125,000) |
| Payments for debt issuance costs | - | (15,000) | (3,973,000) |
| Payments on finance lease obligations | (1,517,000) | (1,705,000) | (1,862,000) |
| Exercise of stock options | 101,000 | - | - |
| Cash used to net share settle equity awards | (2,094,000) | (890,000) | (279,000) |
| Repurchase of common stock, including fees | (11,351,000) | (4,832,000) | - |
| Net cash used in financing activities | (10,980,000) | (44,655,000) | (36,439,000) |
| Effect of exchange rate changes on cash and cash equivalents | 633,000 | (898,000) | 124,000 |
| Net increase (decrease) in cash and cash equivalents | 5,221,000 | (4,545,000) | 2,378,000 |
| Cash and cash equivalents — Beginning of year | 9,429,000 | 13,974,000 | 11,596,000 |
| Cash and cash equivalents — End of year | $14,650,000 | $9,429,000 | $13,974,000 |
| Supplemental disclosures of cash flow information: | |||
| Cash paid for interest, net | $39,807,000 | $48,724,000 | $53,797,000 |
| Cash paid for income taxes, net of refunds | 8,080,000 | 5,858,000 | 9,558,000 |
| Cash paid for operating leases | 14,363,000 | 13,356,000 | 13,358,000 |
| Cash paid for finance leases | 1,814,000 | 1,896,000 | 2,081,000 |
| Plant and equipment acquired under finance lease | 2,821,000 | 1,412,000 | 745,000 |
| Assets acquired under operating leases | 550,000 | 3,972,000 | 1,603,000 |
| Non-cash capital expenditures | 477,000 | 80,000 | 16,000 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.