UNIVERSAL DISPLAY CORP PA

For the period ended Dec 31, 2023. Filed Feb 22, 2024.

About this filing

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 22, 2024

OLED$90.01+1.9%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets

(in thousands, except share and per share data)

	December 31, 2023	December 31, 2022
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$91,985	$93,430
Short-term investments	422,137	484,345
Accounts receivable	139,850	92,664
Inventory	175,795	183,220
Other current assets	87,365	45,791
Total current assets	917,132	899,450
PROPERTY AND EQUIPMENT, net of accumulated depreciation of $143,908 and $117,118	175,150	143,445
ACQUIRED TECHNOLOGY, net of accumulated amortization of $186,850 and $189,671	90,325	38,382
OTHER INTANGIBLE ASSETS, net of accumulated amortization of $10,414 and $8,989	6,874	8,247
GOODWILL	15,535	15,535
INVESTMENTS	299,548	259,861
DEFERRED INCOME TAXES	59,108	58,161
OTHER ASSETS	105,289	109,739
TOTAL ASSETS	$1,668,961	$1,532,820
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES:
Accounts payable	$10,933	$9,519
Accrued expenses	52,080	51,002
Deferred revenue	47,713	45,599
Other current liabilities	8,096	29,577
Total current liabilities	118,822	135,697
DEFERRED REVENUE	12,006	18,279
RETIREMENT PLAN BENEFIT LIABILITY	52,249	59,790
OTHER LIABILITIES	38,658	43,685
Total liabilities	221,735	257,451
COMMITMENTS AND CONTINGENCIES (Note 18)
SHAREHOLDERS’ EQUITY:
Preferred Stock, par value $0.01 per share, 5,000,000 shares authorized, 200,000 shares of Series A Nonconvertible Preferred Stock issued and outstanding (liquidation value of $7.50 per share or $1,500)	2	2
Common Stock, par value $0.01 per share, 200,000,000 shares authorized, 48,731,026 and 49,136,030 shares issued, and 47,365,378 and 47,770,382 shares outstanding at December 31, 2023 and December 31, 2022, respectively	487	491
Additional paid-in capital	699,554	681,335
Retained earnings	789,553	653,277
Accumulated other comprehensive loss	(1,086)	(18,452)
Treasury stock, at cost (1,365,648 shares at December 31, 2023 and December 31, 2022)	(41,284)	(41,284)
Total shareholders’ equity	1,447,226	1,275,369
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$1,668,961	$1,532,820

ContentsView on SEC.gov

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