UNIVERSAL ELECTRONICS INC
For the period ended Mar 31, 2024. Filed May 6, 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 6, 2024
UEIC$5.90+6.9%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
(In thousands, except share-related data)
| March 31, 2024 | December 31, 2023 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $26,914 | $42,751 |
| Accounts receivable, net | 99,481 | 112,596 |
| Contract assets | 5,664 | 4,240 |
| Inventories | 83,236 | 88,273 |
| Prepaid expenses and other current assets (Note 12) | 11,755 | 7,325 |
| Income tax receivable | 3,180 | 3,666 |
| Total current assets | 230,230 | 258,851 |
| Property, plant and equipment, net | 42,144 | 44,619 |
| Intangible assets, net | 25,132 | 25,349 |
| Operating lease right-of-use assets | 17,239 | 18,693 |
| Deferred income taxes | 6,727 | 6,787 |
| Other assets | 1,469 | 1,573 |
| Total assets | $322,941 | $355,872 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $49,756 | $57,033 |
| Line of credit | 46,000 | 55,000 |
| Accrued compensation | 18,389 | 20,305 |
| Accrued sales discounts, rebates and royalties | 4,018 | 5,796 |
| Accrued income taxes | 774 | 1,833 |
| Other accrued liabilities | 19,729 | 21,181 |
| Total current liabilities | 138,666 | 161,148 |
| Long-term liabilities: | ||
| Operating lease obligations | 11,477 | 12,560 |
| Deferred income taxes | 1,984 | 1,992 |
| Income tax payable | 434 | 435 |
| Other long-term liabilities | 725 | 817 |
| Total liabilities | 153,286 | 176,952 |
| Commitments and contingencies (Note 12) | ||
| Stockholders' equity: | ||
| Preferred stock, $0.01 par value, 5,000,000 shares authorized; none issued or outstanding | — | — |
| Common stock, $0.01 par value, 50,000,000 shares authorized; 25,508,370 and 25,346,383 shares issued on March 31, 2024 and December 31, 2023, respectively | 255 | 253 |
| Paid-in capital | 339,141 | 336,938 |
| Treasury stock, at cost, 12,599,981 and 12,459,845 shares on March 31, 2024 and December 31, 2023, respectively | (371,203) | (369,973) |
| Accumulated other comprehensive income (loss) | (22,349) | (20,758) |
| Retained earnings | 223,811 | 232,460 |
| Total stockholders' equity | 169,655 | 178,920 |
| Total liabilities and stockholders' equity | $322,941 | $355,872 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.