ALBANY INTERNATIONAL CORP DE
For the period ended Jun 30, 2024. Filed Aug 6, 2024.
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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.
Jun 30, 2024 · Filed Aug 6, 2024
AIN$68.92-1.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated balance sheets as of and
Index
CONSOLIDATED BALANCE SHEETS
(in thousands, except share and per share data)
| June 30, 2024 | December 31, 2023 | |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $116,439 | $173,420 |
| Accounts receivable, net | 280,008 | 287,781 |
| Contract assets, net | 189,242 | 182,281 |
| Inventories | 161,626 | 169,567 |
| Income taxes prepaid and receivable | 9,993 | 11,043 |
| Prepaid expenses and other current assets | 49,143 | 53,872 |
| Total current assets | 806,451 | 877,964 |
| Property, plant and equipment, net | 582,167 | 601,989 |
| Intangibles, net | 41,505 | 44,646 |
| Goodwill | 178,236 | 180,181 |
| Deferred income taxes | 27,203 | 22,941 |
| Noncurrent receivables, net | — | 4,392 |
| Other assets | 116,259 | 102,901 |
| Total assets | $1,751,821 | $1,835,014 |
| Liabilities and Shareholders' Equity | ||
| Accounts payable | $84,628 | $87,104 |
| Accrued liabilities | 129,511 | 142,988 |
| Current maturities of long-term debt | 2,732 | 4,218 |
| Income taxes payable | 7,765 | 14,369 |
| Total current liabilities | 224,636 | 248,679 |
| Long-term debt | 374,325 | 452,667 |
| Other noncurrent liabilities | 151,892 | 139,385 |
| Deferred taxes and other liabilities | 27,620 | 26,963 |
| Total liabilities | 778,473 | 867,694 |
| Commitments and Contingencies (Note 16) | ||
| Shareholders' Equity: | ||
| Preferred stock, par value $5.00 per share; authorized 2,000,000 shares; none issued | — | — |
| Class A Common Stock, par value $0.001 per share; authorized 100,000,000 shares; 40,908,380 issued in 2024 and 40,856,910 in 2023 | 41 | 41 |
| Additional paid in capital | 452,461 | 448,218 |
| Retained earnings | 1,046,612 | 1,010,942 |
| Accumulated items of other comprehensive income: | ||
| Translation adjustments | (154,304) | (124,901) |
| Pension and postretirement liability adjustments | (16,718) | (17,346) |
| Derivative valuation adjustment | 4,115 | 9,079 |
| Treasury stock (Class A), at cost; 9,661,845 shares in 2024 and 2023 | (364,665) | (364,665) |
| Total shareholders' equity | 967,542 | 961,368 |
| Noncontrolling interest | 5,806 | 5,952 |
| Total equity | 973,348 | 967,320 |
| Total liabilities and shareholders' equity | $1,751,821 | $1,835,014 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.