APOGEE ENTERPRISES INC
For the period ended Nov 25, 2023. Filed Jan 3, 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.
Nov 25, 2023 · Filed Jan 3, 2024
APOG$45.77-0.3%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Consolidated Balance Sheets
CONSOLIDATED BALANCE SHEETS
| (In thousands, except stock data) | November 25, 2023 | February 25, 2023 |
|---|---|---|
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $23,407 | $19,924 |
| Restricted cash | — | 1,549 |
| Receivables, net | 198,249 | 197,267 |
| Inventories | 70,267 | 78,441 |
| Contract assets | 48,146 | 59,403 |
| Other current assets | 32,390 | 26,517 |
| Total current assets | 372,459 | 383,101 |
| Property, plant and equipment, net of accumulated depreciation of $454,659 and $431,710 | 246,206 | 248,867 |
| Operating lease right-of-use assets | 38,849 | 41,354 |
| Goodwill | 129,053 | 129,026 |
| Intangible assets, net | 64,174 | 67,375 |
| Other non-current assets | 44,114 | 45,642 |
| Total assets | $894,855 | $915,365 |
| Liabilities and Shareholders’ Equity | ||
| Current liabilities | ||
| Accounts payable | $83,107 | $86,549 |
| Accrued compensation and benefits | 42,768 | 51,651 |
| Contract liabilities | 35,770 | 28,011 |
| Operating lease liabilities | 12,358 | 11,806 |
| Other current liabilities | 62,572 | 64,532 |
| Total current liabilities | 236,575 | 242,549 |
| Long-term debt | 100,666 | 169,837 |
| Non-current operating lease liabilities | 29,547 | 33,072 |
| Non-current self-insurance reserves | 31,830 | 29,316 |
| Other non-current liabilities | 40,506 | 44,183 |
| Commitments and contingent liabilities (Note 7) | ||
| Shareholders’ equity | ||
| Common stock of $0.33-1/3 par value; authorized 50,000,000 shares; issued and outstanding 22,085,098 and 22,224,299, respectively | 7,362 | 7,408 |
| Additional paid-in capital | 149,557 | 146,816 |
| Retained earnings | 329,936 | 273,740 |
| Accumulated other comprehensive loss | (31,124) | (31,556) |
| Total shareholders’ equity | 455,731 | 396,408 |
| Total liabilities and shareholders’ equity | $894,855 | $915,365 |
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