STEPAN CO
For the period ended Dec 31, 2023. Filed Feb 29, 2024.
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FY2023 · Filed Feb 29, 2024
SCL$66.77-1.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets (December 31, 2023 and 2022)
December 31, 2023 and 2022
| (Dollars in thousands) | 2023 | 2022 |
|---|---|---|
| Assets | ||
| Current Assets: | ||
| Cash and cash equivalents | $129,823 | $173,750 |
| Receivables, less allowances of $11,143 in 2023 and $11,100 in 2022 | 422,050 | 436,914 |
| Inventories (Note 5) | 265,558 | 402,531 |
| Other current assets | 34,452 | 31,607 |
| Total current assets | 851,883 | 1,044,802 |
| Property, Plant and Equipment: | ||
| Land | 52,842 | 50,695 |
| Buildings and improvements | 335,033 | 293,264 |
| Machinery and equipment | 1,796,820 | 1,640,478 |
| Construction in progress | 400,363 | 386,115 |
| 2,585,058 | 2,370,552 | |
| Less: Accumulated depreciation | (1,378,393) | (1,297,255) |
| Property, plant and equipment, net | 1,206,665 | 1,073,297 |
| Goodwill, net (Note 4) | 97,442 | 95,922 |
| Other intangible assets, net (Note 4) | 52,571 | 58,026 |
| Long-term investments (Note 2) | 26,804 | 23,294 |
| Operating lease assets (Note 7) | 70,646 | 62,540 |
| Other non-current assets | 57,343 | 75,291 |
| Total Assets | $2,363,354 | $2,433,172 |
| Liabilities and Equity | ||
| Current Liabilities: | ||
| Current maturities of debt (Note 6) | $252,898 | $132,111 |
| Accounts payable | 233,031 | 375,726 |
| Accrued liabilities (Note 14) | 121,941 | 162,812 |
| Total current liabilities | 607,870 | 670,649 |
| Deferred income taxes (Note 9) | 10,373 | 10,179 |
| Long-term debt, less current maturities (Note 6) | 401,248 | 455,029 |
| Non-current operating lease liability (Note 7) | 58,026 | 50,559 |
| Other non-current liabilities (Note 15) | 69,347 | 80,691 |
| Commitments and Contingencies (Note 16) | ||
| Equity (Note 10): | ||
| Common stock, $1 par value; 60,000,000 authorized shares; 27,005,852 issued shares in 2023 and 26,840,843 issued shares in 2022 | 27,006 | 26,841 |
| Additional paid-in capital | 247,032 | 237,202 |
| Accumulated other comprehensive loss (Note 19) | (130,602) | (167,512) |
| Retained earnings | 1,257,466 | 1,250,130 |
| Less: Common treasury stock, at cost, 4,628,072 shares in 2023 and 4,605,858 shares in 2022 | (184,412) | (180,596) |
| Total Stepan Company stockholders’ equity | 1,216,490 | 1,166,065 |
| Total Liabilities and Equity | $2,363,354 | $2,433,172 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.