PATRICK INDUSTRIES INC
For the period ended Dec 31, 2023. Filed Feb 29, 2024.
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FY2023 · Filed Feb 29, 2024
PATK$82.12+4.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
| December 31, | ||
|---|---|---|
| ($ in thousands except share data) | 2023 | 2022 |
| ASSETS | ||
| Current Assets | ||
| Cash and cash equivalents | $11,409 | $22,847 |
| Trade and other receivables, net | 163,838 | 172,890 |
| Inventories | 510,133 | 667,841 |
| Prepaid expenses and other | 49,251 | 46,326 |
| Total current assets | 734,631 | 909,904 |
| Property, plant and equipment, net | 353,625 | 350,572 |
| Operating lease right-of-use-assets | 177,717 | 163,674 |
| Goodwill | 637,393 | 629,263 |
| Intangible assets, net | 651,153 | 720,230 |
| Other non-current assets | 7,929 | 8,828 |
| TOTAL ASSETS | $2,562,448 | $2,782,471 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Current Liabilities | ||
| Current maturities of long-term debt | $7,500 | $7,500 |
| Current operating lease liabilities | 48,761 | 44,235 |
| Accounts payable | 140,524 | 142,910 |
| Accrued liabilities | 111,711 | 172,595 |
| Total current liabilities | 308,496 | 367,240 |
| Long-term debt, less current maturities, net | 1,018,356 | 1,276,149 |
| Long-term operating lease liabilities | 132,444 | 122,471 |
| Deferred tax liabilities, net | 46,724 | 48,392 |
| Other long-term liabilities | 11,091 | 13,050 |
| TOTAL LIABILITIES | 1,517,111 | 1,827,302 |
| COMMITMENTS AND CONTINGENCIES | ||
| SHAREHOLDERS’ EQUITY | ||
| Preferred stock, no par value; authorized 1,000,000 shares; none issued or outstanding | — | — |
| Common stock, no par value; authorized 40,000,000 shares; issued and outstanding 2023 - 22,160,608 shares;issued and outstanding 2022 - 22,212,360 shares | 203,258 | 197,003 |
| Accumulated other comprehensive loss | (999) | (695) |
| Retained earnings | 843,078 | 758,861 |
| TOTAL SHAREHOLDERS’ EQUITY | 1,045,337 | 955,169 |
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $2,562,448 | $2,782,471 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.