Allison Transmission Holdings Inc. Files 10-Q for Period Ending March 31, 2024

TL;DR

<b>Allison Transmission Holdings Inc. filed its Q1 2024 10-Q report on April 26, 2024, detailing financial performance and operational updates.</b>

AI Summary

Allison Transmission Holdings Inc (ALSN) filed a Quarterly Report (10-Q) with the SEC on April 26, 2024. Allison Transmission Holdings Inc. filed a 10-Q report for the period ending March 31, 2024. The filing details financial information and business operations for the first quarter of 2024. Key financial statement items and disclosures are included in the report. The company's fiscal year ends on December 31. The filing was made on April 26, 2024.

Why It Matters

For investors and stakeholders tracking Allison Transmission Holdings Inc, this filing contains several important signals. This 10-Q provides investors with the latest quarterly financial results and operational insights, crucial for assessing the company's current performance and future outlook. Understanding the details within this filing allows stakeholders to evaluate Allison Transmission's financial health, strategic positioning, and potential risks in the automotive parts and accessories sector.

Risk Assessment

Risk Level: medium — Allison Transmission Holdings Inc shows moderate risk based on this filing. The company operates in the automotive parts and accessories sector, which is subject to cyclical economic conditions and evolving technological demands, posing medium-term risks to revenue and profitability.

Analyst Insight

Investors should review the detailed financial statements and risk factors in the 10-Q to assess Allison Transmission's performance and outlook in the current market environment.

Key Numbers

• 2024-03-31 — Conformed Period of Report (The period covered by the 10-Q filing)
• 2024-04-26 — Filing Date (Date the 10-Q was filed with the SEC)
• 1231 — Fiscal Year End (The end date of the company's fiscal year)

Key Players & Entities

• Allison Transmission Holdings Inc. (company) — Filer of the 10-Q report
• Indianapolis (location) — Business and mailing address of the company
• DE (location) — State of incorporation

FAQ

Industry Context

Allison Transmission Holdings Inc. operates within the motor vehicle parts and accessories industry, a sector characterized by its reliance on global economic conditions and demand for commercial and defense vehicles.

Regulatory Implications

The company is subject to standard SEC regulations for public companies, including the requirement to file quarterly reports (10-Q) to ensure transparency and provide timely financial information to investors.

What Investors Should Do

1. Analyze the detailed financial statements within the 10-Q for revenue trends, profitability, and cash flow.
2. Review any disclosed risk factors to understand potential challenges and their impact on the company's operations.
3. Compare the Q1 2024 results with previous periods to identify performance changes and growth trajectories.

Key Dates

• 2024-03-31: End of Reporting Period — Covers the financial results for the first quarter of 2024.
• 2024-04-26: Filing Date — Official date the 10-Q was submitted to the SEC.

Year-Over-Year Comparison

This filing represents the first quarterly report for the fiscal year 2024, providing an update on the company's financial position and operational performance since the last annual report.

Key Financial Figures

• $0.01 — nge on which registered Common Stock, $0.01 par value ALSN New York Stock Excha

Filing Documents

• alsn-20240331.htm (10-Q) — 1606KB
• alsn-ex10_2.htm (EX-10.2) — 99KB
• alsn-ex10_3.htm (EX-10.3) — 117KB
• alsn-ex10_4.htm (EX-10.4) — 134KB
• alsn-ex31_1.htm (EX-31.1) — 18KB
• alsn-ex31_2.htm (EX-31.2) — 19KB
• alsn-ex32_1.htm (EX-32.1) — 14KB
• img106246856_0.jpg (GRAPHIC) — 85KB
• 0000950170-24-048677.txt (&nbsp;) — 8429KB
• alsn-20240331.xsd (EX-101.SCH) — 1108KB
• alsn-20240331_htm.xml (XML) — 1420KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION Item 1.

Financial Statements

Financial Statements 3 Condensed Consolidated Balance Sheets 3 Condensed Consolidated Statements of Comprehensive Income 4 Condensed Consolidated Statements of Cash Flows 5 Condensed Consolidated Statements of Stockholders' Equity 6 Notes to Condensed Consolidated Financial Statements 7 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 21 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 32 Item 4.

Controls and Procedures

Controls and Procedures 33

OTHER INFORMATION

PART II. OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 34 Item 1A.

Risk Factors

Risk Factors 34 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 34 Item 5. Other Information 35 Item 6. Exhibits 36

Signatures

Signatures 37 2 Table of Contents

FINANCI AL INFORMATION

PART I. FINANCI AL INFORMATION

Financi al Statements

ITEM 1. Financi al Statements Allison Transmission Holdings, Inc. Condensed Consolida ted Balance Sheets (unaudited, dollars in millions, except share and per share data) March 31, 2024 December 31, 2023 ASSETS Current Assets Cash and cash equivalents $ 551 $ 555 Accounts receivable – net of allowance for doubtful accounts of $ 4 392 356 Inventories 289 276 Other current assets 68 63 Total Current Assets 1,300 1,250 Property, plant and equipment, net 762 774 Intangible assets, net 828 833 Goodwill 2,075 2,076 Marketable securities 14 20 Other non-current assets 77 72 TOTAL ASSETS $ 5,056 $ 5,025 LIABILITIES Current Liabilities Accounts payable $ 244 $ 210 Product warranty liability 30 32 Current portion of long-term debt 5 6 Deferred revenue 42 41 Other current liabilities 197 212 Total Current Liabilities 518 501 Product warranty liability 28 27 Deferred revenue 92 89 Long-term debt 2,398 2,497 Deferred income taxes 513 519 Other non-current liabilities 165 159 TOTAL LIABILITIES 3,714 3,792 Commitments and contingencies (see Note P) STOCKHOLDERS' EQUITY Common stock, $ 0.01 par value, 1,880,000,000 shares authorized, 87,532,553 shares issued and outstanding and 87,648,046 shares issued and outstanding, respectively 1 1 Non-voting common stock, $ 0.01 par value, 20,000,000 shares authorized, none issued and outstanding — — Preferred stock, $ 0.01 par value, 100,000,000 shares authorized, none issued and outstanding — — Paid in capital 1,911 1,891 Accumulated deficit ( 533 ) ( 628 ) Accumulated other comprehensive loss, net of tax ( 37 ) ( 31 ) TOTAL STOCKHOLDERS' EQUITY 1,342 1,233 TOTAL LIABILITIES & STOCKHOLDERS' EQUITY $ 5,056 $ 5,025 The accompanying notes are an integral part of the condensed consolidated financial statements. 3

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View this 10-Q filing on SEC EDGAR