CRAWFORD & CO

For the period ended Dec 31, 2023. Filed Mar 4, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Mar 4, 2024

CRD-A$11.73+1.7%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets

December 31,	2023	2022
ASSETS
Current Assets:
Cash and cash equivalents	$58,363	$46,007
Accounts receivable, less allowance for expected credit losses of $8,599 and $9,322, respectively	131,362	141,106
Unbilled revenues, at estimated billable amounts	116,611	126,274
Income taxes receivable	4,842	9,098
Prepaid expenses and other current assets	58,168	28,782
Total Current Assets	369,346	351,267
Net Property and Equipment	22,742	27,809
Other Assets:
Operating lease right-of-use asset, net	88,615	93,334
Goodwill	76,724	76,622
Intangible assets arising from business acquisitions, net	81,786	88,039
Capitalized software costs, net	96,770	82,975
Deferred income tax assets	26,247	19,573
Other noncurrent assets	36,969	51,888
Total Other Assets	407,111	412,431
TOTAL ASSETS	$799,199	$791,507

(In thousands, except par value amounts)

December 31,	2023	2022
LIABILITIES AND SHAREHOLDERS' INVESTMENT
Current Liabilities:
Short-term borrowings	$14,813	$27,048
Accounts payable	45,107	50,847
Accrued compensation and related costs	97,842	79,285
Self-insured risks	33,238	12,614
Income taxes payable	6,130	1,208
Operating lease liability	24,351	22,910
Other accrued liabilities	42,271	56,293
Deferred revenues	35,540	29,282
Total Current Liabilities	299,292	279,487
Noncurrent Liabilities:
Long-term debt and finance leases, less current installments	194,335	211,810
Deferred revenues	24,871	24,737
Accrued pension liabilities	24,006	25,914
Operating lease liability	78,029	84,628
Other noncurrent liabilities	38,835	41,553
Total Noncurrent Liabilities	360,076	388,642
Shareholders' Investment:
Class A common stock, $1.00 par value, 50,000 shares authorized; 29,525 and 28,764 shares issued and outstanding, respectively	29,525	28,764
Class B common stock, $1.00 par value, 50,000 shares authorized; 19,555 and 19,848 shares issued and outstanding, respectively	19,555	19,848
Additional paid-in capital	82,589	78,158
Retained earnings	228,564	213,094
Accumulated other comprehensive loss	(218,615)	(215,321)
Shareholders' Investment Attributable to Shareholders of Crawford & Company	141,618	124,543
Noncontrolling interests	(1,787)	(1,165)
Total Shareholders' Investment	139,831	123,378
TOTAL LIABILITIES AND SHAREHOLDERS' INVESTMENT	$799,199	$791,507

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.