CommScope Holding Company Inc
For the period ended Mar 31, 2024. Filed May 9, 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.
Mar 31, 2024 · Filed May 9, 2024
VISN$4.12-25.0%Stored close · as of Nov 9, 2026
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Condensed Consolidated Balance Sheets
(In millions, except share amounts)
| Unaudited March 31, 2024 | December 31, 2023 | |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $357.2 | $543.8 |
| Accounts receivable, net of allowance for doubtful accounts of $30.0 and $32.2, respectively | 836.9 | 815.2 |
| Inventories, net | 1,044.1 | 1,079.7 |
| Prepaid expenses and other current assets | 169.2 | 145.4 |
| Current assets held for sale | — | 278.6 |
| Total current assets | 2,407.4 | 2,862.7 |
| Property, plant and equipment, net of accumulated depreciation of $880.9 and $866.1, respectively | 455.8 | 500.6 |
| Goodwill | 3,500.4 | 3,514.4 |
| Other intangible assets, net | 1,499.9 | 1,582.7 |
| Deferred income taxes | 480.2 | 615.6 |
| Other noncurrent assets | 309.9 | 295.9 |
| Total assets | $8,653.6 | $9,371.9 |
| Liabilities and Stockholders' Deficit | ||
| Accounts payable | $454.6 | $435.9 |
| Accrued and other liabilities | 562.3 | 634.3 |
| Current portion of long-term debt | 32.0 | 32.0 |
| Current liabilities held for sale | — | 307.2 |
| Total current liabilities | 1,048.9 | 1,409.4 |
| Long-term debt | 9,244.6 | 9,246.6 |
| Deferred income taxes | 121.4 | 110.7 |
| Other noncurrent liabilities | 392.2 | 411.9 |
| Total liabilities | 10,807.1 | 11,178.6 |
| Commitments and contingencies | ||
| Series A convertible preferred stock, $0.01 par value | 1,178.1 | 1,162.1 |
| Stockholders' deficit: | ||
| Preferred stock, $0.01 par value: Authorized shares: 200,000,000; | ||
| Issued and outstanding shares: 1,178,063 and 1,162,085, respectively,Series A convertible preferred stock | — | — |
| Common stock, $0.01 par value: Authorized shares: 1,300,000,000; Issued and outstanding shares: 212,264,754 and 212,108,634, respectively | 2.3 | 2.3 |
| Additional paid-in capital | 2,545.6 | 2,550.4 |
| Accumulated deficit | (5,312.3) | (4,953.1) |
| Accumulated other comprehensive loss | (265.3) | (266.7) |
| Treasury stock, at cost: 14,499,840 shares and 14,424,126 shares, respectively | (301.9) | (301.7) |
| Total stockholders' deficit | (3,331.6) | (2,968.8) |
| Total liabilities and stockholders' deficit | $8,653.6 | $9,371.9 |
See notes to unaudited condensed consolidated financial statements.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.