NN INC
For the period ended Sep 30, 2024. Filed Oct 31, 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 30, 2024 · Filed Oct 31, 2024
NNBR$3.04-1.6%Stored close · as of Nov 10, 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
| (in thousands, except per share data) | September 30,2024 | December 31,2023 |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $12,449 | $21,903 |
| Accounts receivable, net of allowances of $1,913 and $1,241 at September 30, 2024 and December 31, 2023 | 64,447 | 65,545 |
| Inventories | 69,600 | 71,563 |
| Income tax receivable | 12,956 | 11,885 |
| Prepaid assets | 4,095 | 2,464 |
| Other current assets | 10,357 | 9,194 |
| Total current assets | 173,904 | 182,554 |
| Property, plant and equipment, net of accumulated depreciation of $248,473 and $254,013 at September 30, 2024 and December 31, 2023 | 172,947 | 185,812 |
| Operating lease right-of-use assets | 40,821 | 43,357 |
| Intangible assets, net | 47,816 | 58,724 |
| Investment in joint venture | 39,843 | 32,701 |
| Deferred tax assets | 1,177 | 734 |
| Other non-current assets | 6,590 | 7,003 |
| Total assets | $483,098 | $510,885 |
| Liabilities, Preferred Stock, and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable | $44,983 | $45,480 |
| Accrued salaries, wages and benefits | 15,027 | 15,464 |
| Income tax payable | 546 | 524 |
| Short-term debt and current maturities of long-term debt | 8,085 | 3,910 |
| Current portion of operating lease liabilities | 5,805 | 5,735 |
| Other current liabilities | 14,126 | 10,506 |
| Total current liabilities | 88,572 | 81,619 |
| Deferred tax liabilities | 4,960 | 4,988 |
| Long-term debt, net of current maturities | 135,548 | 149,369 |
| Operating lease liabilities, net of current portion | 44,001 | 47,281 |
| Other non-current liabilities | 14,154 | 24,827 |
| Total liabilities | 287,235 | 308,084 |
| Commitments and contingencies (Note 10) | ||
| Series D perpetual preferred stock - $0.01 par value per share, 65 shares authorized, issued and outstanding at September 30, 2024 and December 31, 2023 | 89,289 | 77,799 |
| Stockholders’ equity: | ||
| Common stock - $0.01 par value per share, 90,000 shares authorized, 49,950 and 47,269 shares issued and outstanding at September 30, 2024 and December 31, 2023 | 499 | 473 |
| Additional paid-in capital | 459,245 | 457,632 |
| Accumulated deficit | (312,645) | (295,348) |
| Accumulated other comprehensive loss | (40,525) | (37,755) |
| Total stockholders’ equity | 106,574 | 125,002 |
| Total liabilities, preferred stock, and stockholders’ equity | $483,098 | $510,885 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.