Core Laboratories Inc DE

For the period ended Mar 31, 2024. Filed Apr 25, 2024.

About this filing

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.

Mar 31, 2024 · Filed Apr 25, 2024

CLB$9.03+2.1%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 at March 31, 2024 (Unaudited) and December 31, 2023

CONSOLIDATED BALANCE SHEETS

	March 31, 2024	December 31,2023
(Unaudited)
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$14,913	$15,120
Accounts receivable, net of allowance for credit losses of $2,548 and $2,280 at 2024 and 2023, respectively	115,092	109,352
Inventories	70,711	71,702
Prepaid expenses	9,562	8,153
Income taxes receivable	14,443	13,716
Other current assets	4,326	5,093
TOTAL CURRENT ASSETS	229,047	223,136
PROPERTY, PLANT AND EQUIPMENT, net of accumulated depreciation of $318,151 and $315,796 at 2024 and 2023, respectively	98,521	99,626
RIGHT OF USE ASSETS	53,636	53,842
INTANGIBLES, net of accumulated amortization and impairment of $18,951 and $18,825 at 2024 and 2023, respectively	6,801	6,926
GOODWILL	99,445	99,445
DEFERRED TAX ASSETS, net	66,267	69,201
OTHER ASSETS	34,233	34,219
TOTAL ASSETS	$587,950	$586,395
LIABILITIES AND EQUITY
CURRENT LIABILITIES:
Accounts payable	$32,486	$33,506
Accrued payroll and related costs	20,178	18,791
Taxes other than payroll and income	4,148	5,939
Unearned revenues	5,126	4,755
Operating lease liabilities	10,430	10,175
Income taxes payable	3,816	7,280
Other current liabilities	9,284	7,651
TOTAL CURRENT LIABILITIES	85,468	88,097
LONG-TERM DEBT, net	160,370	163,134
LONG-TERM OPERATING LEASE LIABILITIES	41,481	42,076
DEFERRED COMPENSATION	30,445	30,544
DEFERRED TAX LIABILITIES, net	12,590	12,697
OTHER LONG-TERM LIABILITIES	20,179	20,040
COMMITMENTS AND CONTINGENCIES
EQUITY:
Preference stock, 6,000,000 shares authorized, $0.01 par value; none issued or outstanding	—	—
Common stock, 200,000,000 shares authorized, $0.01 par value, 46,938,557 issued and 46,864,366 outstanding at 2024; 46,938,557 issued and 46,856,536 outstanding at 2023	469	469
Additional paid-in capital	114,642	110,011
Retained earnings	123,508	120,756
Accumulated other comprehensive income (loss)	(5,160)	(4,972)
Treasury stock (at cost), 74,191 and 82,021 shares at 2024 and 2023, respectively	(1,304)	(1,449)
Total Core Laboratories Inc. shareholders' equity	232,155	224,815
Non-controlling interest	5,262	4,992
TOTAL EQUITY	237,417	229,807
TOTAL LIABILITIES AND EQUITY	$587,950	$586,395

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.