SPX Technologies Inc
For the period ended Sep 28, 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 28, 2024 · Filed Oct 31, 2024
SPXC$150.92+5.8%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
(Unaudited; in millions, except share data)
| September 28,2024 | December 31,2023 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and equivalents | $124.8 | $99.4 |
| Accounts receivable, net | 339.4 | 279.8 |
| Contract assets | 36.7 | 16.6 |
| Inventories, net | 297.7 | 276.7 |
| Other current assets | 29.0 | 37.1 |
| Total current assets | 827.6 | 709.6 |
| Property, plant and equipment: | ||
| Land | 23.5 | 17.9 |
| Buildings and leasehold improvements | 121.6 | 73.4 |
| Machinery and equipment | 305.5 | 264.4 |
| 450.6 | 355.7 | |
| Accumulated depreciation | (226.6) | (215.2) |
| Property, plant and equipment, net | 224.0 | 140.5 |
| Goodwill | 854.3 | 704.8 |
| Intangibles, net | 730.7 | 680.8 |
| Other assets | 158.3 | 188.9 |
| Deferred income taxes | 2.3 | 4.0 |
| Assets of DBT and Heat Transfer (includes cash and equivalents of $4.6 and $5.5 at September 28, 2024 and December 31, 2023, respectively) (Note 3) | 8.8 | 11.1 |
| TOTAL ASSETS | $2,806.0 | $2,439.7 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $139.4 | $118.7 |
| Contract liabilities | 60.8 | 73.5 |
| Accrued expenses | 160.6 | 168.5 |
| Income taxes payable | 12.9 | 5.3 |
| Short-term debt | 48.4 | 17.9 |
| Current maturities of long-term debt | 24.2 | 17.3 |
| Total current liabilities | 446.3 | 401.2 |
| Long-term debt | 665.2 | 523.1 |
| Deferred and other income taxes | 107.3 | 77.0 |
| Other long-term liabilities | 215.0 | 204.1 |
| Liabilities of DBT and Heat Transfer (Note 3) | 14.0 | 39.7 |
| Total long-term liabilities | 1,001.5 | 843.9 |
| Commitments and contingent liabilities (Note 15) | ||
| Stockholders' Equity: | ||
| Common stock (54,180,614 and 46,349,838 issued and outstanding at September 28, 2024, respectively, and 53,618,720 and 45,674,572 issued and outstanding at December 31, 2023, respectively) | 0.5 | 0.5 |
| Paid-in capital | 1,367.7 | 1,353.6 |
| Retained earnings | 181.7 | 38.3 |
| Accumulated other comprehensive income | 260.4 | 261.1 |
| Common stock in treasury (7,830,776 and 7,944,148 shares at September 28, 2024 and December 31, 2023, respectively) | (452.1) | (458.9) |
| Total stockholders' equity | 1,358.2 | 1,194.6 |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $2,806.0 | $2,439.7 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.