Distribution Solutions Group Inc
For the period ended Dec 31, 2023. Filed Mar 7, 2024.
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FY2023 · Filed Mar 7, 2024
DSGR$34.97+0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets as of December 31, 2 and
(Dollars in thousands, except share data)
| December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $83,931 | $24,554 |
| Restricted cash | 15,695 | 186 |
| Accounts receivable, less allowances of $2,120 and $1,513, respectively | 213,448 | 166,301 |
| Inventories | 315,984 | 264,374 |
| Prepaid expenses and other current assets | 28,272 | 22,773 |
| Total current assets | 657,330 | 478,188 |
| Property, plant and equipment, net | 113,811 | 64,395 |
| Rental equipment, net | 24,575 | 27,139 |
| Goodwill | 399,925 | 348,048 |
| Deferred tax asset, net | 95 | 189 |
| Intangible assets, net | 253,834 | 227,994 |
| Cash value of life insurance | 18,493 | 17,166 |
| Right of use operating lease assets | 76,340 | 46,755 |
| Other assets | 5,928 | 5,736 |
| Total assets | $1,550,331 | $1,215,610 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $98,674 | $80,486 |
| Current portion of long-term debt | 32,551 | 16,352 |
| Current portion of lease liabilities | 13,549 | 9,964 |
| Accrued expenses and other current liabilities | 97,241 | 62,677 |
| Total current liabilities | 242,015 | 169,479 |
| Long-term debt, less current portion, net | 535,881 | 395,825 |
| Lease liabilities | 67,065 | 39,828 |
| Deferred tax liability, net | 18,326 | 23,834 |
| Other liabilities | 25,443 | 23,649 |
| Total liabilities | 888,730 | 652,615 |
| Commitments and contingencies (Note 15) | ||
| Stockholders’ equity(1): | ||
| Preferred stock, $1 par value: | ||
| Authorized - 500,000 shares, issued and outstanding - None | — | — |
| Common stock, $1 par value: | ||
| Authorized - 70,000,000 sharesIssued - 47,535,618 and 39,460,724 shares, respectivelyOutstanding - 46,758,359 and 38,833,568 shares, respectively | 46,758 | 38,834 |
| Capital in excess of par value | 671,154 | 572,379 |
| Retained deficit | (34,707) | (25,736) |
| Treasury stock - 777,259 and 627,156 shares, respectively | (16,434) | (12,526) |
| Accumulated other comprehensive income (loss) | (5,170) | (9,956) |
| Total stockholders’ equity | 661,601 | 562,995 |
| Total liabilities and stockholders’ equity | $1,550,331 | $1,215,610 |
(1) The accompanying Consolidated Financial Statements and notes thereto have been retroactively adjusted to reflect thetwo-for-one stock split completed in August 2023. See Note 1 – Nature of Operations and Basis of Presentation for details.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.