INTERFACE INC
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 28, 2024
TILE$31.96+4.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
CONSOLIDATED BALANCE SHEETS
(in thousands, except par values)
| END OF FISCAL YEAR | ||
|---|---|---|
| 2023 | 2022 | |
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $110,498 | $97,564 |
| Accounts receivable, net | 163,386 | 182,807 |
| Inventories, net | 279,079 | 306,327 |
| Prepaid expenses and other current assets | 30,895 | 30,339 |
| Total current assets | 583,858 | 617,037 |
| Property, plant and equipment, net | 291,140 | 297,976 |
| Operating lease right-of-use assets | 87,519 | 81,644 |
| Deferred tax asset | 21,721 | 17,767 |
| Goodwill | 105,448 | 102,417 |
| Intangible assets, net | 56,255 | 59,778 |
| Other assets | 84,154 | 89,884 |
| Total assets | $1,230,095 | $1,266,503 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Current liabilities | ||
| Accounts payable | $62,912 | $78,264 |
| Accrued expenses | 130,890 | 120,138 |
| Current portion of operating lease liabilities | 12,347 | 11,857 |
| Current portion of long-term debt | 8,572 | 10,211 |
| Total current liabilities | 214,721 | 220,470 |
| Long-term debt | 408,641 | 510,003 |
| Operating lease liabilities | 78,269 | 72,305 |
| Deferred income taxes | 33,832 | 38,662 |
| Other long-term liabilities | 68,685 | 63,526 |
| Total liabilities | 804,148 | 904,966 |
| Commitments and contingencies (Note 18) | ||
| Shareholders’ equity | ||
| Preferred stock, par value $1.00 per share; 5,000 shares authorized; none issued or outstanding at December 31, 2023 and January 1, 2023 | — | — |
| Common stock, par value $0.10 per share; 120,000 shares authorized; 58,112 and 58,106 shares issued and outstanding at December 31, 2023 and January 1, 2023, respectively | 5,811 | 5,811 |
| Additional paid-in capital | 252,909 | 244,159 |
| Retained earnings | 320,833 | 278,639 |
| Accumulated other comprehensive loss – foreign currency translation | (119,590) | (138,775) |
| Accumulated other comprehensive loss – cash flow hedge | — | (749) |
| Accumulated other comprehensive loss – pension liability | (34,016) | (27,548) |
| Total shareholders’ equity | 425,947 | 361,537 |
| Total liabilities and shareholders’ equity | $1,230,095 | $1,266,503 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.