LINCOLN ELECTRIC HOLDINGS INC
For the period ended Sep 30, 2024. Filed Oct 31, 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 Oct 31, 2024
LECO$284.42-0.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands)
| | | | | | | |
|---|---|---|---|---|---|---|
| · · September 30, 2024 · · December 31, 2023 | ||||||
| · · (UNAUDITED) · · (NOTE 1) | ||||||
| ASSETS · · | ||||||
| Current Assets · · | ||||||
| Cash and cash equivalents | | $404,218 | | $393,787 | ||
| Accounts receivable (less allowance for doubtful accounts of $10,853 in 2024; $11,464 in 2023) | | 517,035 | | 538,830 | ||
| Inventories (Note 8) | | 612,412 | | 562,864 | ||
| Other current assets | | 223,436 | | 197,630 | ||
| Total Current Assets | | 1,757,101 | | 1,693,111 | ||
| Property, plant and equipment (less accumulated depreciation of $882,322 in 2024; $876,990 in 2023) | | | 624,403 | | | 575,316 |
| Goodwill | | 818,828 | | 694,452 | ||
| Other assets | | 464,213 | | 414,418 | ||
| TOTAL ASSETS | | $3,664,545 | | $3,377,297 | ||
| LIABILITIES AND EQUITY | | | | |||
| Current Liabilities | | | | |||
| Short-term debt (Note 10) | | $111,993 | | $2,435 | ||
| Trade accounts payable | | 323,584 | | 325,435 | ||
| Accrued employee compensation and benefits | | 194,434 | | 112,373 | ||
| Other current liabilities | | 321,325 | | 314,367 | ||
| Total Current Liabilities | | 951,336 | | 754,610 | ||
| Long-term debt, less current portion (Note 10) | | 1,150,616 | | 1,102,771 | ||
| Other liabilities | | 223,403 | | 211,064 | ||
| Total Liabilities | | 2,325,355 | | 2,068,445 | ||
| Shareholders' Equity | | | | |||
| Common Shares | | 9,858 | | 9,858 | ||
| Additional paid-in capital | | 561,148 | | 523,357 | ||
| Retained earnings | | 3,893,883 | | 3,688,038 | ||
| Accumulated other comprehensive loss | | (235,826) | | (229,847) | ||
| Treasury Shares | | (2,889,873) | | (2,682,554) | ||
| Total Equity | | 1,339,190 | | 1,308,852 | ||
| TOTAL LIABILITIES AND TOTAL EQUITY | | $3,664,545 | | $3,377,297 | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.