REGAL REXNORD CORP
For the period ended Mar 31, 2024. Filed May 7, 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.
Mar 31, 2024 · Filed May 7, 2024
RRX$180.78+6.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
(Dollars in Millions, Except Per Share Data)
| March 31, 2024 | December 31, 2023 | |
|---|---|---|
| ASSETS | ||
| Current Assets: | ||
| Cash and Cash Equivalents | $465.3 | $574.0 |
| Trade Receivables, Less Allowances of $29.3 million and $30.3 million in 2024 and 2023, Respectively | 828.1 | 921.6 |
| Inventories | 1,319.1 | 1,274.2 |
| Prepaid Expenses and Other Current Assets | 275.9 | 245.6 |
| Assets Held for Sale | 377.2 | 368.6 |
| Total Current Assets | 3,265.6 | 3,384.0 |
| Net Property, Plant and Equipment | 994.0 | 1,041.2 |
| Operating Lease Assets | 166.0 | 172.8 |
| Goodwill | 6,506.2 | 6,553.1 |
| Intangible Assets, Net of Amortization | 3,965.8 | 4,083.4 |
| Deferred Income Tax Benefits | 37.0 | 33.8 |
| Other Noncurrent Assets | 70.7 | 69.0 |
| Noncurrent Assets Held for Sale | 68.5 | 94.1 |
| Total Assets | $15,073.8 | $15,431.4 |
| LIABILITIES AND EQUITY | ||
| Current Liabilities: | ||
| Accounts Payable | $566.1 | $549.4 |
| Dividends Payable | 23.3 | 23.2 |
| Accrued Compensation and Employee Benefits | 154.0 | 198.7 |
| Accrued Interest | 92.6 | 85.1 |
| Other Accrued Expenses | 282.6 | 325.2 |
| Current Operating Lease Liabilities | 36.1 | 37.2 |
| Current Maturities of Long-Term Debt | 3.9 | 3.9 |
| Liabilities Held for Sale | 89.9 | 103.7 |
| Total Current Liabilities | 1,248.5 | 1,326.4 |
| Long-Term Debt | 6,242.0 | 6,377.0 |
| Deferred Income Taxes | 966.9 | 1,012.7 |
| Pension and Other Post Retirement Benefits | 114.7 | 120.4 |
| Noncurrent Operating Lease Liabilities | 129.4 | 132.2 |
| Other Noncurrent Liabilities | 76.9 | 77.2 |
| Noncurrent Liabilities Held for Sale | 19.9 | 20.4 |
| Contingencies (see Note 12 - Contingencies) | ||
| Equity: | ||
| Regal Rexnord Corporation Shareholders' Equity: | ||
| Common Stock, $0.01 par value, 150.0 million Shares Authorized, 66.5 million and 66.3 million Shares Issued and Outstanding for 2024 and 2023, Respectively | 0.7 | 0.7 |
| Additional Paid-In Capital | 4,647.2 | 4,646.2 |
| Retained Earnings | 1,976.3 | 1,979.8 |
| Accumulated Other Comprehensive Loss | (369.7) | (282.4) |
| Total Regal Rexnord Corporation Shareholders' Equity | 6,254.5 | 6,344.3 |
| Noncontrolling Interests | 21.0 | 20.8 |
| Total Equity | 6,275.5 | 6,365.1 |
| Total Liabilities and Equity | $15,073.8 | $15,431.4 |
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