ASTEC INDUSTRIES INC

For the period ended Dec 31, 2023. Filed Feb 28, 2024.

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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.

FY2023 · Filed Feb 28, 2024

ASTE$37.63+5.4%Stored close · as of Nov 9, 2026

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Contents

Consolidated Balance Sheets

	December 31,
	2023	2022
ASSETS
Current assets:
Cash, cash equivalents and restricted cash	$63.2	$66.0
Investments	5.7	3.9
Trade receivables, contract assets and other receivables, net	152.7	173.6
Inventories	455.6	393.4
Prepaid and refundable income taxes	14.6	15.9
Prepaid expenses and other assets	27.7	28.2
Assets held for sale	—	15.4
Total current assets	719.5	696.4
Property and equipment, net	187.6	173.6
Investments	13.8	15.1
Goodwill	46.3	45.2
Intangible assets, net	16.4	22.5
Deferred income tax assets	37.5	32.1
Other long-term assets	38.2	29.5
Total assets	$1,059.3	$1,014.4
LIABILITIES AND EQUITY
Current liabilities:
Current maturities of long-term debt	$0.1	$0.2
Short-term debt	11.0	9.4
Accounts payable	116.9	107.2
Customer deposits	70.2	69.5
Accrued product warranty	16.5	11.9
Accrued employee related liabilities	44.1	35.3
Accrued loss reserves	2.7	1.9
Other current liabilities	37.5	38.6
Total current liabilities	299.0	274.0
Long-term debt	72.0	78.1
Deferred income tax liabilities	1.1	2.1
Other long-term liabilities	33.5	33.3
Total liabilities	405.6	387.5
Commitments and contingencies (Note 16)
Shareholders' equity:
Preferred stock – authorized 2,000,000 shares of $1.00 par value; none issued	—	—
Common stock – authorized 40,000,000 shares of $0.20 par value; issued and outstanding – 22,740,635 in 2023 and 22,624,031 in 2022	4.5	4.5
Additional paid-in capital	138.4	135.8
Accumulated other comprehensive loss	(38.1)	(40.1)
Company stock held by deferred compensation programs, at cost	(0.8)	(1.1)
Retained earnings	549.4	527.8
Shareholders' equity	653.4	626.9
Noncontrolling interest	0.3	—
Total equity	653.7	626.9
Total liabilities and equity	$1,059.3	$1,014.4

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.