TENNANT CO
For the period ended Sep 30, 2024. Filed Nov 1, 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 30, 2024 · Filed Nov 1, 2024
TNC$74.48+4.2%Stored close · as of Nov 9, 2026
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Consolidated Balance Sheets
| (Unaudited) | ||
|---|---|---|
| (In millions, except shares and per share data) | September 30,2024 | December 31,2023 |
| ASSETS | ||
| Cash, cash equivalents, and restricted cash | $91.3 | $117.1 |
| Receivables, less allowances of $6.8 and $7.2, respectively | 260.2 | 247.6 |
| Inventories | 201.8 | 175.9 |
| Prepaid and other current assets | 40.6 | 28.5 |
| Total current assets | 593.9 | 569.1 |
| Property, plant and equipment, less accumulated depreciation of $316.4 and $304.0, respectively | 183.7 | 187.7 |
| Operating lease assets | 52.1 | 41.7 |
| Goodwill | 198.4 | 187.4 |
| Intangible assets, net | 66.4 | 63.1 |
| Other assets | 121.6 | 64.4 |
| Total assets | $1,216.1 | $1,113.4 |
| LIABILITIES AND EQUITY | ||
| Current portion of long-term debt | $0.6 | $6.4 |
| Accounts payable | 128.0 | 111.4 |
| Employee compensation and benefits | 59.4 | 67.3 |
| Other current liabilities | 85.5 | 88.6 |
| Total current liabilities | 273.5 | 273.7 |
| Long-term debt | 208.6 | 194.2 |
| Long-term operating lease liabilities | 35.2 | 27.4 |
| Employee benefits | 13.8 | 13.3 |
| Deferred income taxes | 7.9 | 5.0 |
| Other liabilities | 28.6 | 21.5 |
| Total long-term liabilities | 294.1 | 261.4 |
| Total liabilities | $567.6 | $535.1 |
| Commitments and contingencies (Note 12) | ||
| Common Stock, $0.375 par value; 60,000,000 shares authorized; 18,872,792 and 18,631,384 shares issued and outstanding, respectively | 7.1 | 7.0 |
| Additional paid-in capital | 76.8 | 64.9 |
| Retained earnings | 608.6 | 547.4 |
| Accumulated other comprehensive loss | (45.3) | (42.3) |
| Total Tennant Company shareholders' equity | 647.2 | 577.0 |
| Noncontrolling interest | 1.3 | 1.3 |
| Total equity | 648.5 | 578.3 |
| Total liabilities and total equity | $1,216.1 | $1,113.4 |
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