Standard Motor Products, Inc. Accrued Expenses

Accrued Expenses of SMP for past 10 years: annual, quarterly and twelve month trailing (TTM) including Accrued Expenses growth rates and interactive chart. Accrued expense is expense which has been incurred but not yet paid. Expense must be recorded in the accounting period in which it is incurred. Therefore, accrued expense must be recognized in the accounting period in which it occurs rather than in the following period in which it will be paid.

Highlights and Quick Summary

  • Accrued Expenses for the quarter ending March 31, 2022 was $190 Million (a -9.84% decrease compared to previous quarter)
  • Year-over-year quarterly Accrued Expenses increased by 0.01%
  • Annual Accrued Expenses for 2021 was $211 Million (a 9.53% increase from previous year)
  • Annual Accrued Expenses for 2020 was $192 Million (a 27.33% increase from previous year)
  • Annual Accrued Expenses for 2019 was $151 Million (a -10.66% decrease from previous year)
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Historical Accrued Expenses of Standard Motor Products, Inc.

Most recent Accrued Expensesof SMP including historical data for past 10 years.

Interactive Chart of Accrued Expenses of Standard Motor Products, Inc.

Standard Motor Products, Inc. Accrued Expenses for the past 10 Years (both Annual and Quarterly)

(All values are in $ million)

Year Q1 Q2 Q3 Q4 Fiscal Year
2022 $190.05
2021 $210.79 $217.68 $190.04 $162.4 $210.79
2020 $192.45 $212.56 $174.39 $157.35 $192.45
2019 $151.14 $175.09 $169.71 $164.95 $151.14
2018 $169.16 $173.94 $153.07 $151.93 $169.16
2017 $146.21 $155.24 $152.09 $143.81 $146.21
2016 $145.11 $156.07 $138.6 $119.13 $145.11
2015 $123.76 $143.81 $132.77 $116.44 $123.76
2014 $123.42 $139.03 $144.65 $124.99 $123.42
2013 $127.38 $145.19 $138.01 $117.22 $127.38
2012 $119.32 $139.36 $122.11 $98.0 $119.32
2011 $104.89 $121.63 $115.51 $104.89

Business Profile of Standard Motor Products, Inc.

Sector: Consumer Cyclical
Industry: Auto Parts
Standard Motor Products, Inc. manufactures and distributes replacement parts that are used in the maintenance, repair, and service of vehicles in the automotive aftermarket industry with a complementary focus on specialized original equipment parts for manufacturers across agriculture, heavy duty, and construction equipment industries. The company's Engine Management segment provides electronic ignition control modules, camshaft and crankshaft position sensors, ignition wires and coils, switches and relays, exhaust gas recirculation valves, pressure and temperature sensors, variable valve timing components, mass airflow and fuel pressure sensors, electronic throttle bodies, and diesel injectors and pumps; and anti-lock brake, vehicle speed, tire pressure monitoring, and park assist sensors. This segment offers its products under the Standard, Blue Streak, BWD, Intermotor, OEM, SMP Blue Streak Canada, GP Sorensen, Locksmart, Standard Motorcycle, and Blue Streak Race Wires brands. Its Temperature Control segment provides components for the temperature control systems, engine cooling systems, power window accessories, and windshield washer systems of motor vehicles under the Four Seasons, ACI, Hayden, Factory Air, and Maxair brands. Its products include air conditioning compressors and repair kits, clutch assemblies, blower and radiator fan motors, filter dryers, evaporators, accumulators, actuators, hose assemblies, thermal expansion devices, heater valves, heater cores, A/C service tools and chemicals, fan assemblies, fan clutches, oil coolers, window lift motors, window regulators and assemblies, and windshield washer pumps. The company serves primarily automotive aftermarket retailers, warehouse distributors, original equipment manufacturers, and original equipment service part operations in the United States, Canada, Europe, Asia, Mexico, and other Latin American countries. The company was founded in 1919 and is headquartered in Long Island City, New York.