|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
STANDARD MOTOR PRODUCTS |
|
|
|
|
|
CONDENSED CONSOLIDATED BALANCE SHEETS |
|
|
|
|
|
(Dollars in
thousands) |
|
|
|
|
|
|
|
|
|
|
|
|
|
ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30 |
|
December 31, |
|
|
|
|
|
|
|
|
2004 |
|
2003 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
|
|
$ 16,905 |
|
$ 19,647 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accounts receivable, gross |
|
|
182,958 |
|
179,232 |
|
|
|
|
|
Allowance for doubtful
accounts |
|
6,168 |
|
5,009 |
|
|
|
|
|
Accounts receivable, net |
|
|
176,790 |
|
174,223 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Inventories |
|
|
270,094 |
|
253,754 |
|
|
|
|
|
Other current assets |
|
|
24,583 |
|
20,547 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total current assets |
|
|
488,372 |
|
468,171 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Property, plant and
equipment, net |
|
104,305 |
|
112,549 |
|
|
|
|
|
Goodwill and other
intangibles |
|
72,578 |
|
71,843 |
|
|
|
|
|
Other assets |
|
|
41,989 |
|
41,962 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets |
|
|
$707,244 |
|
$694,525 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES AND STOCKHOLDERS' EQUITY |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Notes payable |
|
|
$111,214 |
|
$ 99,699 |
|
|
|
|
|
Current portion of long
term debt |
|
534 |
|
3,354 |
|
|
|
|
|
Accounts payable trade |
|
|
49,567 |
|
58,029 |
|
|
|
|
|
Accrued customer returns |
|
|
29,453 |
|
24,115 |
|
|
|
|
|
Restructuring accrual |
|
|
8,000 |
|
16,000 |
|
|
|
|
|
Other current liabilities |
|
|
86,234 |
|
75,641 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total current liabilities |
|
|
285,002 |
|
276,838 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Long-term debt |
|
|
114,381 |
|
114,757 |
|
|
|
|
|
Accrued asbestos liabilities |
|
|
26,278 |
|
24,426 |
|
|
|
|
|
Postretirement &
other liabilities |
|
41,409 |
|
36,848 |
|
|
|
|
|
Restructuring accrual |
|
|
15,028 |
|
15,615 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total liabilities |
|
|
482,098
|
|
468,484
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total stockholders' equity |
|
|
225,146 |
|
226,041 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total liabilities and
stockholders' equity |
$707,244 |
|
$694,525 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
- |
|
- |
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
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|
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|
|
|
|