PARK OHIO HOLDINGS CORP

For the period ended Dec 31, 2023. Filed Mar 6, 2024.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Mar 6, 2024

PKOH$46.60-0.0%Stored close · as of Nov 10, 2026

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Contents

Consolidated Balance Sheets — December 31, 2023 and 2022

	December 31, 2023	December 31, 2022
(In millions, except share data)
ASSETS
Current assets:
Cash and cash equivalents	$54.8	$58.2
Accounts receivable, net	263.3	246.3
Inventories, net	411.1	406.5
Promissory note related to financing arrangement	—	25.0
Other current assets	95.2	89.2
Current assets held-for-sale - discontinued operations	—	107.2
Total current assets	824.4	932.4
Property, plant and equipment, net	184.9	181.1
Operating lease right-of-use assets	44.7	54.7
Goodwill	110.2	108.9
Intangible assets, net	73.3	78.7
Pension assets	75.1	63.9
Other long-term assets	28.1	16.9
Total assets	$1,340.7	$1,436.6
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Trade accounts payable	$204.0	$221.0
Current portion of long-term debt and short-term debt	9.4	10.9
Current portion of operating lease liabilities	10.6	11.2
Accrued employee compensation	31.8	22.3
Financing arrangement liability	—	45.0
Other accrued expenses	107.8	94.4
Current liabilities held-for-sale - discontinued operations	—	43.8
Total current liabilities	363.6	448.6
Long-term liabilities, less current portion:
Long-term debt	633.4	655.1
Long-term operating lease liabilities	34.4	43.7
Deferred income taxes	9.0	10.6
Other long-term liabilities	10.4	10.7
Total long-term liabilities	687.2	720.1
Park-Ohio Holdings Corp. and Subsidiaries shareholders' equity:
Capital stock, par value $1 a share
Serial preferred stock: Authorized -- 632,470 shares: Issued and outstanding -- none	—	—
Common stock: Authorized - 40,000,000 shares; Issued - 17,029,938 shares in 2023 and 16,653,928 in 2022	17.0	16.6
Additional paid-in capital	155.9	149.8
Retained earnings	240.1	238.8
Treasury stock, at cost, 3,958,966 shares in 2023 and 3,846,860 shares in 2022	(88.9)	(86.9)
Accumulated other comprehensive loss	(43.7)	(61.8)
Total Park-Ohio Holdings Corp. and Subsidiaries shareholders' equity	280.4	256.5
Noncontrolling interests	9.5	11.4
Total equity	289.9	267.9
Total liabilities and shareholders' equity	$1,340.7	$1,436.6

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.