KADANT INC
For the period ended Sep 28, 2024. Filed Nov 6, 2024.
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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 28, 2024 · Filed Nov 6, 2024
KAI$292.74-2.2%Stored close · as of Nov 6, 2026
Contents
Condensed Consolidated Balance Sheet as of September, 2024 and December 30, 2023
Condensed Consolidated Balance Sheet
| September 28,2024 | December 30,2023 | |
|---|---|---|
| (In thousands, except share and per share amounts) | ||
| Assets | ||
| Current Assets: | ||
| Cash and cash equivalents | $88,407 | $103,832 |
| Restricted cash | 1,327 | 2,621 |
| Accounts receivable, net of allowances of $4,888 and $4,090 | 154,965 | 133,929 |
| Inventories | 169,252 | 152,677 |
| Contract assets | 14,534 | 8,366 |
| Other current assets | 41,065 | 38,757 |
| Total Current Assets | 469,550 | 440,182 |
| Property, Plant, and Equipment, net of accumulated depreciation of $145,901 and $132,846 | 174,559 | 140,504 |
| Other Assets | 59,915 | 43,609 |
| Intangible Assets, Net (Notes 1 and 2) | 292,211 | 159,286 |
| Goodwill (Notes 1 and 2) | 493,105 | 392,084 |
| Total Assets | $1,489,340 | $1,175,665 |
| Liabilities and Stockholders' Equity | ||
| Current Liabilities: | ||
| Current maturities of long-term obligations (Note 6) | $3,263 | $3,209 |
| Accounts payable | 50,536 | 42,104 |
| Accrued payroll and employee benefits | 43,250 | 41,855 |
| Customer deposits | 46,208 | 62,641 |
| Advanced billings | 9,548 | 12,194 |
| Other current liabilities | 52,422 | 52,406 |
| Total Current Liabilities | 205,227 | 214,409 |
| Long-Term Obligations (Note 6) | 323,169 | 107,666 |
| Long-Term Deferred Income Taxes | 41,397 | 36,398 |
| Other Long-Term Liabilities | 56,761 | 40,952 |
| Commitments and Contingencies (Note 12) | ||
| Stockholders' Equity: | ||
| Preferred stock, $.01 par value, 5,000,000 shares authorized; none issued | — | — |
| Common stock, $.01 par value, 150,000,000 shares authorized; 14,624,159 shares issued | 146 | 146 |
| Capital in excess of par value | 127,486 | 124,940 |
| Retained earnings | 839,422 | 763,131 |
| Treasury stock at cost, 2,878,835 and 2,915,978 shares | (70,543) | (71,453) |
| Accumulated other comprehensive items (Note 8) | (44,778) | (43,062) |
| Total Kadant Stockholders' Equity | 851,733 | 773,702 |
| Noncontrolling interests (Note 2) | 11,053 | 2,538 |
| Total Stockholders' Equity | 862,786 | 776,240 |
| Total Liabilities and Stockholders' Equity | $1,489,340 | $1,175,665 |
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