CHEMED CORP
For the period ended Sep 30, 2024. Filed Nov 1, 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.
Sep 30, 2024 · Filed Nov 1, 2024
CHE$544.49+1.2%Stored close · as of Nov 10, 2026
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Unaudited Consolidated Balance Sheets -
| PART I. FINANCIAL INFORMATION | ||
|---|---|---|
| Item 1. Financial Statements | ||
| CHEMED CORPORATION AND SUBSIDIARY COMPANIES | ||
| UNAUDITED CONSOLIDATED BALANCE SHEETS | ||
| (in thousands, except share and per share data) | ||
| September 30, 2024 | December 31, 2023 | |
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $238,451 | $263,958 |
| Accounts receivable less allowances | 196,481 | 181,511 |
| Inventories | 9,899 | 12,004 |
| Prepaid income taxes | 14,229 | 13,166 |
| Prepaid expenses | 31,377 | 30,204 |
| Total current assets | 490,437 | 500,843 |
| Investments of deferred compensation plans held in trust | 126,631 | 106,126 |
| Properties and equipment, at cost, less accumulated depreciation of $375,775 (2023- $354,872) | 200,939 | 203,840 |
| Lease right of use asset | 134,111 | 126,387 |
| Identifiable intangible assets less accumulated amortization of $56,581 (2023 - $48,965) | 94,753 | 90,264 |
| Goodwill | 666,860 | 585,017 |
| Other assets | 55,704 | 55,618 |
| Total Assets | $1,769,435 | $1,668,095 |
| LIABILITIES | ||
| Current liabilities | ||
| Accounts payable | $44,938 | $64,034 |
| Accrued insurance | 60,308 | 58,568 |
| Income taxes | 3,385 | 6,858 |
| Accrued compensation | 73,141 | 88,381 |
| Short-term lease liability | 42,490 | 38,635 |
| Other current liabilities | 40,517 | 55,574 |
| Total current liabilities | 264,779 | 312,050 |
| Deferred income taxes | 28,076 | 30,321 |
| Deferred compensation liabilities | 122,240 | 104,069 |
| Long-term lease liability | 105,416 | 100,776 |
| Other liabilities | 13,169 | 13,003 |
| Total Liabilities | 533,680 | 560,219 |
| Commitments and contingencies (Note 10) | ||
| STOCKHOLDERS' EQUITY | ||
| Capital stock - authorized 80,000,000 shares $1 par; issued 37,394,553 shares (2023 - 37,183,681 shares) | 37,395 | 37,184 |
| Paid-in capital | 1,462,569 | 1,341,273 |
| Retained earnings | 2,639,011 | 2,446,925 |
| Treasury stock - 22,466,949 shares (2023 - 22,148,927 shares) | (2,905,430) | (2,719,588) |
| Deferred compensation payable in Company stock | 2,210 | 2,082 |
| Total Stockholders' Equity | 1,235,755 | 1,107,876 |
| Total Liabilities and Stockholders' Equity | $1,769,435 | $1,668,095 |
| See Accompanying Notes to Unaudited Consolidated Financial Statements. | ||
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