MIDDLEBY Corp
For the period ended Dec 30, 2023. Filed Feb 28, 2024.
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FY2023 · Filed Feb 28, 2024
MIDD$136.50+4.9%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
DECEMBER 30, 2023 AND DECEMBER 31, 2022
(amounts in thousands, except share data)
| 2023 | 2022 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $247,496 | $162,001 |
| Accounts receivable, net of reserve for doubtful accounts of $23,464 and $20,295 | 644,576 | 631,134 |
| Inventories, net | 935,867 | 1,077,729 |
| Prepaid expenses and other | 112,690 | 125,640 |
| Prepaid taxes | 25,230 | 9,492 |
| Total current assets | 1,965,859 | 2,005,996 |
| Property, plant and equipment, net of accumulated depreciation of $339,528 and $299,572 | 510,898 | 443,528 |
| Goodwill | 2,486,310 | 2,411,834 |
| Other intangibles, net of amortization of $574,079 and $503,034 | 1,693,076 | 1,794,232 |
| Long-term deferred tax assets | 7,945 | 6,738 |
| Pension benefits assets | 38,535 | — |
| Other assets | 204,069 | 212,538 |
| Total assets | $6,906,692 | $6,874,866 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Current liabilities: | ||
| Current maturities of long-term debt | $44,822 | $45,583 |
| Accounts payable | 227,080 | 271,374 |
| Accrued expenses | 579,192 | 671,327 |
| Total current liabilities | 851,094 | 988,284 |
| Long-term debt | 2,380,373 | 2,676,741 |
| Long-term deferred tax liability | 216,143 | 220,204 |
| Accrued pension benefits | 12,128 | 14,948 |
| Other non-current liabilities | 197,065 | 176,942 |
| Stockholders' equity: | ||
| Preferred stock, $0.01 par value; nonvoting; 2,000,000 shares authorized; none issued | — | — |
| Common stock, $0.01 par value; 63,942,340 and 63,508,855 shares issued in 2023 and 2022, respectively | 148 | 147 |
| Paid-in capital | 479,216 | 408,376 |
| Treasury stock, at cost; 10,338,922 and 9,814,480 shares in 2023 and 2022 | (906,031) | (831,176) |
| Retained earnings | 3,899,754 | 3,498,872 |
| Accumulated other comprehensive loss | (223,198) | (278,472) |
| Total stockholders' equity | 3,249,889 | 2,797,747 |
| Total liabilities and stockholders' equity | $6,906,692 | $6,874,866 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.