MOTORCAR PARTS OF AMERICA INC
For the period ended Sep 30, 2026. Filed Nov 9, 2026.
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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, 2026 · Filed Nov 9, 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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Condensed Consolidated Statements of Cash Flows
| Six Months EndedSeptember 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities: | ||
| Net (loss) income | $(12,063,000) | $893,000 |
| Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities: | ||
| Depreciation and amortization | 5,135,000 | 4,822,000 |
| Amortization of debt issuance costs | 1,387,000 | 1,194,000 |
| Amortization of interest on contract liabilities | 268,000 | 329,000 |
| Accrued interest on convertible notes, related party | 2,130,000 | 1,936,000 |
| Amortization of core premiums paid to customers | 6,123,000 | 5,355,000 |
| Amortization of finished goods premiums paid to customers | 827,000 | 480,000 |
| Noncash lease expense | 5,120,000 | 4,985,000 |
| Foreign exchange impact of lease liabilities and forward contracts | 1,414,000 | (9,817,000) |
| Change in fair value of compound net derivative liability | (1,700,000) | 4,050,000 |
| Gain on short-term investments | (191,000) | (235,000) |
| Net provision for inventory reserves | 4,294,000 | 4,126,000 |
| Net provision for customer payment discrepancies and credit losses | (412,000) | 836,000 |
| Deferred income taxes | (738,000) | (481,000) |
| Share-based compensation expense | 5,589,000 | 2,930,000 |
| Loss on disposal of plant and equipment | 205,000 | 17,000 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 32,918,000 | (13,049,000) |
| Inventory | (22,685,000) | (16,340,000) |
| Prepaid expenses and other current assets | (2,476,000) | 853,000 |
| Other assets | (70,000) | 343,000 |
| Accounts payable and accrued liabilities | (22,114,000) | 25,149,000 |
| Customer finished goods returns accrual | 3,903,000 | 3,541,000 |
| Contract assets | (29,053,000) | (1,136,000) |
| Contract liabilities | 11,676,000 | 15,958,000 |
| Operating lease liabilities | (4,921,000) | (5,013,000) |
| Other liabilities | 70,000 | 167,000 |
| Net cash (used in) provided by operating activities | (15,364,000) | 31,893,000 |
| Cash flows from investing activities: | ||
| Purchase of plant and equipment | (1,869,000) | (1,833,000) |
| Purchase of intangible assets | (4,000,000) | - |
| Redemption of short-term investments | (59,000) | 91,000 |
| Net cash used in investing activities | (5,928,000) | (1,742,000) |
| Cash flows from financing activities: | ||
| Borrowings under revolving loan | 393,539,000 | 363,711,000 |
| Repayments of revolving loan | (361,612,000) | (382,079,000) |
| Payments for debt issuance costs | (773,000) | - |
| Payments on finance lease obligations | (653,000) | (813,000) |
| Exercise of stock options | 24,000 | 101,000 |
| Cash used to net share settle equity awards | (1,115,000) | (1,906,000) |
| Repurchase of common stock, including fees | (1,929,000) | (3,355,000) |
| Net cash provided by (used in) financing activities | 27,481,000 | (24,341,000) |
| Effect of exchange rate changes on cash and cash equivalents | (69,000) | 471,000 |
| Net increase in cash and cash equivalents | 6,120,000 | 6,281,000 |
| Cash and cash equivalents — Beginning of period | 14,650,000 | 9,429,000 |
| Cash and cash equivalents — End of period | $20,770,000 | $15,710,000 |
| Supplemental disclosures of cash flow information: | ||
| Cash paid for interest, net | $19,358,000 | $22,232,000 |
| Cash paid for income taxes, net of refunds | 4,250,000 | 3,521,000 |
| Cash paid for operating leases | 6,692,000 | 7,212,000 |
| Cash paid for finance leases | 794,000 | 965,000 |
| Plant and equipment acquired under finance leases | - | 1,928,000 |
| Assets acquired under operating leases | 2,044,000 | 298,000 |
| Accrued capital expenditures | 312,000 | 185,000 |
| Debt issuance costs included in accounts payable and accrued liabilities | 186,000 | - |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.