INTERFACE INC
For the period ended Dec 29, 2024. Filed Feb 26, 2025.
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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.
FY2024 · Filed Feb 26, 2025
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 | ||
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $99,226 | $110,498 |
| Accounts receivable, net | 171,135 | 163,386 |
| Inventories, net | 260,581 | 279,079 |
| Prepaid expenses and other current assets | 33,355 | 30,895 |
| Total current assets | 564,297 | 583,858 |
| Property, plant and equipment, net | 282,374 | 291,140 |
| Operating lease right-of-use assets | 76,815 | 87,519 |
| Deferred tax asset | 24,624 | 21,721 |
| Goodwill | 99,887 | 105,448 |
| Intangible assets, net | 48,273 | 56,255 |
| Other assets | 74,546 | 84,154 |
| Total assets | $1,170,816 | $1,230,095 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Current liabilities | ||
| Accounts payable | $68,943 | $62,912 |
| Accrued expenses | 134,996 | 130,890 |
| Current portion of operating lease liabilities | 12,296 | 12,347 |
| Current portion of long-term debt | 482 | 8,572 |
| Total current liabilities | 216,717 | 214,721 |
| Long-term debt | 302,275 | 408,641 |
| Operating lease liabilities | 68,092 | 78,269 |
| Deferred income taxes | 31,822 | 33,832 |
| Other long-term liabilities | 62,762 | 68,685 |
| Total liabilities | 681,668 | 804,148 |
| 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 29, 2024 and December 31, 2023 | — | — |
| Common stock, par value $0.10 per share; 120,000 shares authorized; 58,304 and 58,112 shares issued and outstanding at December 29, 2024 and December 31, 2023, respectively | 5,830 | 5,811 |
| Additional paid-in capital | 261,028 | 252,909 |
| Retained earnings | 405,441 | 320,833 |
| Accumulated other comprehensive loss – foreign currency translation | (143,317) | (119,590) |
| Accumulated other comprehensive loss – pension liability | (39,834) | (34,016) |
| Total shareholders’ equity | 489,148 | 425,947 |
| Total liabilities and shareholders’ equity | $1,170,816 | $1,230,095 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.