MGP INGREDIENTS INC
For the period ended Sep 30, 2025. Filed Oct 29, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Oct 29, 2025
MGPI$17.12-0.5%Stored close · as of Oct 30, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets (Unaudited)
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited) (Dollars in thousands)
| September 30, 2025 | December 31, 2024 | |
|---|---|---|
| Current Assets | ||
| Cash and cash equivalents | $13,447 | $25,273 |
| Receivables (less allowance for credit loss, $1,190 and $1,875 at September 30, 2025, and December 31, 2024, respectively) | 106,668 | 148,488 |
| Inventory | 384,523 | 364,944 |
| Prepaid expenses | 4,130 | 3,983 |
| Refundable income taxes | 2,006 | 3,448 |
| Total current assets | 510,774 | 546,136 |
| Property, plant, and equipment | 588,443 | 562,714 |
| Less accumulated depreciation and amortization | (261,462) | (246,042) |
| Property, plant, and equipment, net | 326,981 | 316,672 |
| Operating lease right-of-use assets, net | 14,849 | 15,540 |
| Investment in joint venture | 7,894 | 7,024 |
| Intangible assets, net | 266,010 | 268,451 |
| Goodwill | 247,789 | 247,789 |
| Other assets | 2,736 | 4,173 |
| Total assets | $1,377,033 | $1,405,785 |
| Current Liabilities | ||
| Current maturities of long-term debt | $6,400 | $6,400 |
| Accounts payable | 42,695 | 66,336 |
| Contingent consideration, current | 110,800 | — |
| Federal and state excise taxes payable | 2,452 | 5,358 |
| Accrued expenses and other | 21,584 | 14,356 |
| Total current liabilities | 183,931 | 92,450 |
| Long-term debt, less current maturities | 66,220 | 121,277 |
| Convertible senior notes | 196,103 | 195,864 |
| Long-term operating lease liabilities | 11,483 | 11,940 |
| Contingent consideration | — | 85,300 |
| Other noncurrent liabilities | 2,352 | 2,981 |
| Deferred income taxes | 63,405 | 63,430 |
| Total liabilities | 523,494 | 573,242 |
| Commitments and Contingencies (Note 7) | ||
| Stockholders’ Equity | ||
| Capital stock | ||
| Preferred, 5% non-cumulative; $10 par value; authorized 1,000 shares; issued and outstanding 437 shares | 4 | 4 |
| Common stock | ||
| No par value; authorized 40,000,000 shares; issued 23,125,166 shares at September 30, 2025 and December 31, 2024; and 21,292,736 and 21,194,707 shares outstanding at September 30, 2025 and December 31, 2024, respectively | 6,715 | 6,715 |
| Additional paid-in capital | 330,062 | 332,195 |
| Retained earnings | 582,973 | 563,929 |
| Accumulated other comprehensive loss | (10) | (658) |
| Treasury stock, at cost, 1,832,430 and 1,930,459 shares at September 30, 2025 and December 31, 2024, respectively | (64,557) | (68,019) |
| Total MGP Ingredients, Inc. stockholders’ equity | 855,187 | 834,166 |
| Noncontrolling interest | (1,648) | (1,623) |
| Total equity | 853,539 | 832,543 |
| Total liabilities and equity | $1,377,033 | $1,405,785 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.