Income Statement SP Plus Corporation

Stocks

SP

US78469C1036

Highways & Rail Tracks

Market Closed - Nasdaq 16:00:00 2024-05-15 EDT			5-day change	1st Jan Change
53.99 ^USD	+0.04%		-.--%	-

24-05-16	SP Plus Corporation(NasdaqGS:SP) dropped from S&P Global BMI Index	CI
24-05-16	SP Plus Corporation(NasdaqGS:SP) dropped from S&P TMI Index	CI

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Published financial data: SP PLUS CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019 (USD)	2020 (USD)	2021 (USD)	2022 (USD)	2023 (USD)
Revenues	935M	549M	602M	794M	883M
Total Revenues	935M	549M	602M	794M	883M
Cost of Goods Sold, Total	707M	420M	416M	575M	633M
Gross Profit	228M	129M	185M	219M	250M
Selling General & Admin Expenses, Total	108M	77.3M	87M	105M	122M
Depreciation & Amortization - (IS)	29.4M	29.3M	25.1M	29.7M	36.1M
Other Operating Expenses	0	0	0	0	0
Other Operating Expenses, Total	137M	107M	112M	135M	158M
Operating Income	91M	22M	73.3M	84.2M	91.9M
Interest Expense, Total	-18.9M	-21.5M	-21.2M	-17.7M	-29.1M
Interest And Investment Income	300K	500K	400K	400K	300K
Net Interest Expenses	-18.6M	-21M	-20.8M	-17.3M	-28.8M
Income (Loss) On Equity Invest.	-	-	-	-	-
Other Non Operating Income (Expenses)	-	-100K	100K	-	-
EBT, Excl. Unusual Items	72.4M	900K	52.6M	66.9M	63.1M
Restructuring Charges	-	-	-3.2M	-1.2M	-18.3M
Merger & Related Restructuring Charges	-1.3M	-7.6M	-	-2.6M	-200K
Impairment of Goodwill	-	-59.5M	-	-	-
Gain (Loss) On Sale Of Investments	-	300K	-	-	-
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	-	-174M	-3.6M	-3.7M	-
Insurance Settlements	-	-	-	-	-
Legal Settlements	-	-	-	-	-
Other Unusual Items	-	-	-	6.2M	4.1M
EBT, Incl. Unusual Items	71.1M	-240M	45.8M	65.6M	48.7M
Income Tax Expense	19.4M	-67.5M	10.5M	17.5M	14M
Earnings From Continuing Operations	51.7M	-173M	35.3M	48.1M	34.7M
Net Income to Company	51.7M	-173M	35.3M	48.1M	34.7M
Minority Interest	-2.9M	100K	-3.6M	-2.9M	-3.6M
Net Income - (IS)	48.8M	-173M	31.7M	45.2M	31.1M
Net Income to Common Incl Extra Items	48.8M	-173M	31.7M	45.2M	31.1M
Net Income to Common Excl. Extra Items	48.8M	-173M	31.7M	45.2M	31.1M
Per Share Items
Net EPS - Basic	2.21	-8.21	1.5	2.17	1.58
Basic EPS - Continuing Operations	2.21	-8.21	1.5	2.17	1.58
Basic Weighted Average Shares Outstanding	22.08M	21.06M	21.17M	20.81M	19.67M
Net EPS - Diluted	2.2	-8.21	1.48	2.15	1.57
Diluted EPS - Continuing Operations	2.2	-8.21	1.48	2.15	1.57
Diluted Weighted Average Shares Outstanding	22.21M	21.06M	21.38M	21.01M	19.78M
Normalized Basic EPS	1.92	0.03	1.38	1.87	1.82
Normalized Diluted EPS	1.91	0.03	1.37	1.85	1.81
Supplemental Items
EBITDA	120M	51.3M	98.4M	114M	128M
EBITA	108M	36.8M	83M	94.1M	104M
EBIT	91M	22M	73.3M	84.2M	91.9M
EBITDAR	357M	174M	207M	266M	291M
Total Revenues (As Reported)	1.66B	1.09B	1.18B	1.55B	1.78B
Effective Tax Rate - (Ratio)	27.29	28.08	22.93	26.68	28.75
Current Domestic Taxes	14.3M	-15.2M	-2.2M	9.6M	11.8M
Current Foreign Taxes	900K	200K	200K	300K	800K
Total Current Taxes	15.2M	-15M	-2M	9.9M	12.6M
Deferred Domestic Taxes	4.3M	-52.5M	12.4M	7.6M	1.9M
Deferred Foreign Taxes	-100K	-	100K	-	-500K
Total Deferred Taxes	4.2M	-52.5M	12.5M	7.6M	1.4M
Normalized Net Income	42.35M	662K	29.28M	38.91M	35.84M
Interest on Long-Term Debt	18.9M	1.1M	1M	1M	1.3M
Non-Cash Pension Expense	500K	500K	400K	400K	400K
Supplemental Operating Expense Items
Advertising Expense	-	-	-	-	-
Selling and Marketing Expenses	-	-	-	-	-
General and Administrative Expenses	102M	71.6M	82.9M	101M	118M
Net Rental Expense, Total	237M	122M	109M	152M	163M
Imputed Operating Lease Interest Expense	59.66M	28.03M	28.78M	37.25M	67.25M
Imputed Operating Lease Depreciation	177M	94.17M	79.92M	114M	95.85M
Stock-Based Comp., G&A Exp. (Total)	4.9M	600K	6.1M	9M	10.4M
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	4.9M	600K	6.1M	9M	10.4M

Fiscal Period: December	2019 (USD)	2020 (USD)	2021 (USD)	2022 (USD)	2023 (USD)
Assets
Cash And Equivalents	24.1M	13.9M	15.7M	12.4M	19.1M
Total Cash And Short Term Investments	24.1M	13.9M	15.7M	12.4M	19.1M
Accounts Receivable, Total	162M	111M	140M	168M	180M
Other Receivables	-	15.4M	20.5M	-	-
Total Receivables	162M	127M	160M	168M	180M
Prepaid Expenses	24.7M	11.4M	11.7M	16.7M	12.6M
Deferred Tax Assets Current	-	-	-	-	-
Total Current Assets	211M	152M	188M	197M	212M
Gross Property Plant And Equipment	572M	390M	362M	346M	380M
Accumulated Depreciation	-92.7M	-102M	-112M	-119M	-133M
Net Property Plant And Equipment	480M	288M	250M	227M	248M
Long-term Investments	10.2M	10.1M	10.8M	11.9M	12.2M
Goodwill	586M	527M	527M	543M	545M
Other Intangibles, Total	152M	63.1M	54.4M	68.9M	59.7M
Deferred Tax Assets Long-Term	10.6M	63.8M	50.6M	44.4M	42.8M
Deferred Charges Long-Term	4.3M	4.8M	-	-	-
Other Long-Term Assets, Total	25.6M	29M	36.2M	29.1M	32.7M
Total Assets	1.48B	1.14B	1.12B	1.12B	1.15B
Liabilities
Accounts Payable, Total	115M	97.8M	118M	133M	137M
Accrued Expenses, Total	99.2M	99M	106M	118M	108M
Current Portion of Long-Term Debt	15.4M	17.2M	18.9M	5.2M	9M
Current Portion of Leases	118M	89.9M	72.1M	67.4M	63.7M
Unearned Revenue Current, Total	19.4M	12.5M	15.7M	17.4M	17.5M
Other Current Liabilities	2.2M	1.2M	1.1M	1.8M	2.8M
Total Current Liabilities	370M	318M	333M	344M	337M
Long-Term Debt	336M	317M	285M	316M	319M
Long-Term Leases	343M	264M	214M	174M	175M
Deferred Tax Liability Non Current	-	-	-	2.6M	2.3M
Other Non Current Liabilities	57.1M	58.2M	61.9M	59.2M	67.9M
Total Liabilities	1.11B	956M	894M	896M	901M
Common Stock, Total	-	-	-	-	-
Additional Paid In Capital	263M	261M	268M	274M	278M
Retained Earnings	170M	-3.3M	28.4M	73.6M	105M
Treasury Stock	-55.3M	-70.6M	-70.6M	-120M	-130M
Comprehensive Income and Other	-2.7M	-4.4M	-2.8M	-1.8M	-1.3M
Total Common Equity	374M	183M	222M	226M	251M
Minority Interest	-200K	-1.7M	-400K	-300K	-100K
Total Equity	374M	181M	222M	226M	251M
Total Liabilities And Equity	1.48B	1.14B	1.12B	1.12B	1.15B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	23M	23.12M	23.22M	19.48M	19.8M
ECS Total Common Shares Outstanding	22.95M	23.09M	23.22M	19.77M	19.8M
Book Value / Share	16.3	7.93	9.58	11.43	12.67
Tangible Book Value	-364M	-407M	-358M	-386M	-354M
Tangible Book Value Per Share	-15.86	-17.61	-15.44	-19.53	-17.85
Total Debt	812M	688M	590M	563M	566M
Net Debt	788M	674M	575M	550M	547M
Debt Equivalent of Unfunded Proj. Benefit Obligation	5.9M	5.6M	5.1M	4.2M	4M
Debt Equivalent Oper. Leases	1.89B	978M	870M	1.21B	1.3B
Minority Interest, Total (Incl. Fin. Div)	-200K	-1.7M	-400K	-300K	-100K
Equity Method Investments, Total	10.2M	10.1M	10.8M	11.9M	12.2M
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	-	-	-	-	-
Machinery, Total	75.2M	87.4M	87.2M	93.5M	99.3M
Full Time Employees	14.7K	8.6K	10.8K	12.4K	13.1K
Part Time Employees	9.2K	3.6K	5.8K	6.6K	6.8K
Accumulated Allowance for Doubtful Accounts (Supple)	1.9M	5.1M	3.5M	4M	2.6M
Order Backlog	153M	-	-	-	-

Fiscal Period: December	2019 (USD)	2020 (USD)	2021 (USD)	2022 (USD)	2023 (USD)
Net Income	48.8M	-173M	31.7M	45.2M	31.1M
Depreciation & Amortization - CF	12.3M	14.5M	15.4M	19.8M	24.1M
Amortization of Goodwill and Intangible Assets - (CF)	17M	14.8M	9.7M	9.9M	12M
Depreciation & Amortization, Total	29.3M	29.3M	25.1M	29.7M	36.1M
Amortization of Deferred Charges, Total - (CF)	900K	-	-	-	-
(Gain) Loss From Sale Of Asset	-	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	-	234M	3.6M	3.7M	-
(Income) Loss On Equity Investments - (CF)	-400K	-	-	-	-
Stock-Based Compensation (CF)	4.9M	500K	6.1M	9M	10.4M
Tax Benefit from Stock Options	-	-	-	-	-
Provision and Write-off of Bad Debts	1.1M	6.4M	800K	500K	1.7M
Other Operating Activities, Total	7.1M	-50.6M	16.4M	11.8M	1.8M
Change In Accounts Receivable	-12.7M	44.6M	-29.2M	-27.9M	-14.6M
Change In Accounts Payable	5.2M	-17.5M	20.7M	14.7M	3M
Change in Other Net Operating Assets	-8.2M	-33.7M	-21.8M	6.6M	-13.7M
Cash from Operations	76M	40.2M	53.4M	93.3M	55.8M
Capital Expenditure	-10.2M	-8.4M	-9.6M	-21.9M	-21.4M
Sale of Property, Plant, and Equipment	300K	-	-	-	300K
Cash Acquisitions	-	-1.7M	-	-30.5M	-5.5M
Divestitures	-	-	-	-	-
Sale (Purchase) of Intangible assets	-2.6M	-2.6M	-	-1.8M	-
Investment in Marketable and Equity Securities, Total	-	1.2M	500K	200K	-
Cash from Investing	-12.5M	-11.5M	-9.1M	-54M	-26.6M
Long-Term Debt Issued, Total	456M	484M	372M	587M	452M
Total Debt Issued	456M	484M	372M	587M	452M
Long-Term Debt Repaid, Total	-484M	-505M	-410M	-576M	-454M
Total Debt Repaid	-484M	-505M	-410M	-576M	-454M
Repurchase of Common Stock	-47.6M	-15.3M	-	-48.7M	-16.9M
Other Financing Activities, Total	-3.2M	-3.1M	-3.6M	-5.3M	-3.4M
Cash from Financing	-79.4M	-39M	-42.4M	-42.4M	-22.3M
Foreign Exchange Rate Adjustments	100K	100K	-100K	-200K	-200K
Net Change in Cash	-15.8M	-10.2M	1.8M	-3.3M	6.7M
Supplemental Items
Cash Interest Paid	17.9M	18.8M	19.4M	16.9M	27.7M
Cash Income Tax Paid (Refund)	15.3M	2.4M	500K	-7.1M	10M
Levered Free Cash Flow	50.66M	42.01M	51.66M	73.16M	49.35M
Unlevered Free Cash Flow	61.58M	55.45M	64.91M	84.22M	67.54M
Change In Net Working Capital	16.7M	-22.8M	2.5M	-16.6M	15M
Net Debt Issued / Repaid	-28.6M	-20.6M	-38.8M	11.6M	-2M

Fiscal Period: December	2019 (USD)	2020 (USD)	2021 (USD)	2022 (USD)	2023 (USD)
Profitability
Return on Assets	4.46	1.05	4.07	4.7	5.05
Return on Total Capital	5.86	1.34	5.44	6.57	7.15
Return On Equity %	13.93	-62.27	17.5	21.48	14.57
Return on Common Equity	13.14	-62.02	15.63	20.16	13.05
Margin Analysis
Gross Profit Margin %	24.4	23.42	30.82	27.61	28.29
SG&A Margin	11.52	14.08	14.46	13.27	13.8
EBITDA Margin %	12.87	9.34	16.36	14.34	14.49
EBITA Margin %	11.55	6.7	13.8	11.85	11.76
EBIT Margin %	9.73	4.01	12.19	10.6	10.41
Income From Continuing Operations Margin %	5.53	-31.49	5.87	6.05	3.93
Net Income Margin %	5.22	-31.48	5.27	5.69	3.52
Net Avail. For Common Margin %	5.22	-31.48	5.27	5.69	3.52
Normalized Net Income Margin	4.53	0.12	4.87	4.9	4.06
Levered Free Cash Flow Margin	5.42	7.65	8.59	9.21	5.59
Unlevered Free Cash Flow Margin	6.59	10.1	10.79	10.6	7.65
Asset Turnover
Asset Turnover	0.73	0.42	0.53	0.71	0.78
Fixed Assets Turnover	3.6	1.43	2.23	3.33	3.72
Receivables Turnover (Average Receivables)	5.97	4.01	4.8	5.17	5.07
Short Term Liquidity
Current Ratio	0.57	0.48	0.56	0.57	0.63
Quick Ratio	0.5	0.44	0.53	0.52	0.59
Operating Cash Flow to Current Liabilities	0.21	0.13	0.16	0.27	0.17
Days Sales Outstanding (Average Receivables)	61.1	91.17	76.09	70.6	71.95
Average Days Payable Outstanding	58.2	92.76	94.87	79.94	77.81
Long Term Solvency
Total Debt/Equity	217.3	379.05	265.83	249.4	225.89
Total Debt / Total Capital	68.48	79.13	72.66	71.38	69.31
LT Debt/Equity	181.55	320.01	224.85	217.24	196.89
Long-Term Debt / Total Capital	57.22	66.8	61.46	62.17	60.42
Total Liabilities / Total Assets	74.73	84.06	80.1	79.87	78.24
EBIT / Interest Expense	4.81	1.02	3.46	4.76	3.16
EBITDA / Interest Expense	18.88	8.07	9.77	15.01	10
(EBITDA - Capex) / Interest Expense	18.34	7.68	9.32	13.77	9.27
Total Debt / EBITDA	2.28	3.96	2.85	2.12	1.95
Net Debt / EBITDA	2.21	3.88	2.77	2.07	1.88
Total Debt / (EBITDA - Capex)	2.34	4.16	2.99	2.31	2.1
Net Debt / (EBITDA - Capex)	2.27	4.08	2.91	2.26	2.03
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	20.57	-41.28	9.56	32.07	11.18
Gross Profit, 1 Yr. Growth %	23.97	-43.62	44.17	29.92	14.01
EBITDA, 1 Yr. Growth %	21.27	-57.36	91.81	39.24	9.97
EBITA, 1 Yr. Growth %	20.67	-65.93	129.28	43.88	7.56
EBIT, 1 Yr. Growth %	11.66	-75.82	233.18	48.5	6
Earnings From Cont. Operations, 1 Yr. Growth %	-8.33	-434.43	-120.42	36.26	-27.86
Net Income, 1 Yr. Growth %	-8.27	-454.1	-118.34	42.59	-31.19
Normalized Net Income, 1 Yr. Growth %	-12.32	-98.44	3.34K	105.89	-11.46
Diluted EPS Before Extra, 1 Yr. Growth %	-6.38	-473.18	-118.03	45.27	-26.98
Accounts Receivable, 1 Yr. Growth %	7.7	-31.48	25.54	20.13	7.63
Net Property, Plant and Equip., 1 Yr. Growth %	1.09K	-39.87	-13.28	-9.2	9.07
Total Assets, 1 Yr. Growth %	37.98	-23.11	-1.89	0.47	2.72
Tangible Book Value, 1 Yr. Growth %	-9.11	11.67	-11.83	7.7	-8.44
Common Equity, 1 Yr. Growth %	1.52	-51.06	21.52	1.57	10.97
Cash From Operations, 1 Yr. Growth %	7.19	-47.11	32.84	74.72	-40.19
Capital Expenditures, 1 Yr. Growth %	14.61	-17.65	14.29	128.12	-2.28
Levered Free Cash Flow, 1 Yr. Growth %	-17.13	-16.58	22.97	77.2	-33.96
Unlevered Free Cash Flow, 1 Yr. Growth %	-6.62	-10.82	17.06	54.44	-21.27
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	1.29	-15.86	-19.79	20.29	21.17
Gross Profit, 2 Yr. CAGR %	10.95	-16.4	-9.84	46.2	22.4
EBITDA, 2 Yr. CAGR %	8.55	-28.48	-9.56	112.18	27.61
EBITA, 2 Yr. CAGR %	9.06	-36.27	-11.84	219.82	29.24
EBIT, 2 Yr. CAGR %	4.96	-48.04	-10.25	358.8	31.06
Earnings From Cont. Operations, 2 Yr. CAGR %	7.79	75.09	-17.37	-47.26	-0.85
Net Income, 2 Yr. CAGR %	8.83	80.23	-19.4	-48.86	-0.95
Normalized Net Income, 2 Yr. CAGR %	-0.19	-88.29	-16.86	58.96	45.62
Diluted EPS Before Extra, 2 Yr. CAGR %	9.64	86.91	-17.98	-48.83	3
Accounts Receivable, 2 Yr. CAGR %	15.2	-14.1	-7.26	22.8	13.71
Net Property, Plant and Equip., 2 Yr. CAGR %	318.37	167.51	-27.79	-11.26	-0.48
Total Assets, 2 Yr. CAGR %	39.26	3	-13.14	-0.72	1.59
Tangible Book Value, 2 Yr. CAGR %	36.23	0.75	-0.77	-2.55	-0.7
Common Equity, 2 Yr. CAGR %	9.34	-29.51	-22.88	11.1	6.17
Cash From Operations, 2 Yr. CAGR %	29.67	-24.7	-16.18	52.34	2.22
Capital Expenditures, 2 Yr. CAGR %	22.47	-2.85	-2.99	61.47	49.3
Levered Free Cash Flow, 2 Yr. CAGR %	1.09	-17.04	1.28	68.52	12.08
Unlevered Free Cash Flow, 2 Yr. CAGR %	6.66	-9.05	2.18	46.58	13.38
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	1.59	-15.54	-8.12	-5.28	17.17
Gross Profit, 3 Yr. CAGR %	8.95	-11.46	0.25	-1.3	34.55
EBITDA, 3 Yr. CAGR %	9.04	-20.5	-0.64	-1.81	71.67
EBITA, 3 Yr. CAGR %	12.13	-26	-2.88	-4.13	124.36
EBIT, 3 Yr. CAGR %	14.64	-35.66	-3.47	-2.56	184.28
Earnings From Cont. Operations, 3 Yr. CAGR %	25.75	57.21	-14.46	-2.38	-41.45
Net Income, 3 Yr. CAGR %	28.31	61.27	-15.85	-2.52	-43.54
Normalized Net Income, 3 Yr. CAGR %	14.74	-75.02	-15.37	-2.78	32.52
Diluted EPS Before Extra, 3 Yr. CAGR %	28.78	64.93	-14.28	-0.76	-42.39
Accounts Receivable, 3 Yr. CAGR %	10.37	-3.12	-2.52	1.1	17.52
Net Property, Plant and Equip., 3 Yr. CAGR %	149.44	119.15	83.77	-22.06	-4.94
Total Assets, 3 Yr. CAGR %	23.86	14.25	1.35	-8.83	0.41
Tangible Book Value, 3 Yr. CAGR %	12.68	27.49	-3.63	1.97	-4.56
Common Equity, 3 Yr. CAGR %	11.73	-16.36	-15.48	-15.46	11.06
Cash From Operations, 3 Yr. CAGR %	8.38	-3.83	-9.02	7.08	11.55
Capital Expenditures, 3 Yr. CAGR %	-7.77	7.3	2.56	29.01	36.58
Levered Free Cash Flow, 3 Yr. CAGR %	-1.05	-5.37	-5.41	13.26	24.19
Unlevered Free Cash Flow, 3 Yr. CAGR %	2.28	0.81	-1.07	10.65	19.88
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	2.29	-9.83	-7.57	-2.71	2.64
Gross Profit, 5 Yr. CAGR %	5.89	-5.44	1	3.43	6.31
EBITDA, 5 Yr. CAGR %	9.08	-8.27	1.18	2.21	5
EBITA, 5 Yr. CAGR %	10.38	-10.22	1.62	0.72	2.78
EBIT, 5 Yr. CAGR %	13.41	-13.64	3.95	0.38	2.43
Earnings From Cont. Operations, 5 Yr. CAGR %	14.65	53.48	6.31	1.57	-9.26
Net Income, 5 Yr. CAGR %	16.13	58.27	6.53	1.87	-10.18
Normalized Net Income, 5 Yr. CAGR %	17.62	-47.65	0.87	-1.75	-5.79
Diluted EPS Before Extra, 5 Yr. CAGR %	16.39	60.54	7.52	3.28	-7.75
Accounts Receivable, 5 Yr. CAGR %	8.23	1.13	2.95	6.52	3.67
Net Property, Plant and Equip., 5 Yr. CAGR %	62.14	52.82	51.93	52.65	43.79
Total Assets, 5 Yr. CAGR %	12.44	7.73	7.47	8.01	1.44
Tangible Book Value, 5 Yr. CAGR %	0.59	6.58	7.09	14.5	-2.47
Common Equity, 5 Yr. CAGR %	10.3	-6.01	-3.67	-6.3	-7.41
Cash From Operations, 5 Yr. CAGR %	8.05	-1.61	-2.21	15.6	-4.68
Capital Expenditures, 5 Yr. CAGR %	-5.45	-2.64	-5.88	26.35	19.18
Levered Free Cash Flow, 5 Yr. CAGR %	5.3	-2.42	-0.24	8.09	-4.16
Unlevered Free Cash Flow, 5 Yr. CAGR %	5.21	0.78	2.44	9.25	0.15