PATRICK INDUSTRIES INC
For the period ended Dec 31, 2024. Filed Feb 20, 2025.
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FY2024 · Filed Feb 20, 2025
PATK$82.12+4.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets F-
| December 31, | ||
|---|---|---|
| ($ in thousands) | 2024 | 2023 |
| ASSETS | ||
| Current Assets: | ||
| Cash and cash equivalents | $33,561 | $11,409 |
| Trade and other receivables, net | 178,206 | 163,838 |
| Inventories | 551,617 | 510,133 |
| Prepaid expenses and other | 59,233 | 49,251 |
| Total current assets | 822,617 | 734,631 |
| Property, plant and equipment, net | 384,903 | 353,625 |
| Operating lease right-of-use-assets | 200,697 | 177,717 |
| Goodwill | 797,236 | 637,393 |
| Intangible assets, net | 802,889 | 651,153 |
| Other non-current assets | 12,612 | 7,929 |
| TOTAL ASSETS | $3,020,954 | $2,562,448 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Current Liabilities: | ||
| Current maturities of long-term debt | $6,250 | $7,500 |
| Current operating lease liabilities | 53,697 | 48,761 |
| Accounts payable | 187,915 | 140,524 |
| Accrued liabilities | 105,753 | 111,711 |
| Total current liabilities | 353,615 | 308,496 |
| Long-term debt, less current maturities, net | 1,311,684 | 1,018,356 |
| Long-term operating lease liabilities | 151,026 | 132,444 |
| Deferred tax liabilities, net | 61,346 | 46,724 |
| Other long-term liabilities | 14,917 | 11,091 |
| TOTAL LIABILITIES | 1,892,588 | 1,517,111 |
| COMMITMENTS AND CONTINGENCIES | ||
| SHAREHOLDERS’ EQUITY | ||
| Preferred stock, no par value; authorized 1,000,000 shares; none issued or outstanding | — | — |
| Common stock, no par value, 40,000,000 shares authorized, 33,567,048 and 33,240,912 issued and outstanding as of December 31, 2024 and 2023, respectively (1) | 202,353 | 203,258 |
| Accumulated other comprehensive loss | (926) | (999) |
| Retained earnings | 926,939 | 843,078 |
| TOTAL SHAREHOLDERS’ EQUITY | 1,128,366 | 1,045,337 |
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $3,020,954 | $2,562,448 |
(1)The prior year period reflects the impact of the three-for-two stock split paid on December 13, 2024. See Note 1 "Basis of Presentation and Significant Accounting Policies" for further details.
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