CECO ENVIRONMENTAL CORP
For the period ended Dec 31, 2023. Filed Mar 5, 2024.
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FY2023 · Filed Mar 5, 2024
CECO$52.00+19.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
| December 31, | ||
|---|---|---|
| (dollars in thousands, except share data) | 2023 | 2022 |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $54,779 | $45,522 |
| Restricted cash | 669 | 1,063 |
| Accounts receivable, net of allowances of $6,460 and $4,220 | 112,733 | 83,086 |
| Costs and estimated earnings in excess of billings on uncompleted contracts | 66,574 | 71,016 |
| Inventories, net | 34,089 | 26,526 |
| Prepaid expenses and other current assets | 11,769 | 12,174 |
| Prepaid income taxes | 824 | 1,271 |
| Total current assets | 281,437 | 240,658 |
| Property, plant and equipment, net | 26,237 | 20,828 |
| Right-of-use assets from operating leases | 16,256 | 11,373 |
| Goodwill | 211,326 | 183,197 |
| Intangible assets – finite life, net | 50,461 | 35,251 |
| Intangible assets – indefinite life | 9,570 | 9,508 |
| Deferred income taxes | 304 | 829 |
| Deferred charges and other assets | 4,700 | 3,077 |
| Total assets | $600,291 | $504,721 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Current portion of debt | $10,488 | $3,579 |
| Accounts payable | 87,691 | 73,407 |
| Accrued expenses | 44,301 | 33,791 |
| Billings in excess of costs and estimated earnings on uncompleted contracts | 56,899 | 32,716 |
| Notes payable | 2,500 | — |
| Income taxes payable | 1,227 | 3,207 |
| Total current liabilities | 203,106 | 146,700 |
| Other liabilities | 12,644 | 15,129 |
| Debt, less current portion | 126,795 | 107,625 |
| Deferred income tax liability, net | 8,838 | 8,666 |
| Operating lease liabilities | 11,417 | 8,453 |
| Total liabilities | 362,800 | 286,573 |
| Commitments and contingencies (See Note 12) | ||
| Shareholders’ equity: | ||
| Preferred stock, $.01 par value; 10,000 shares authorized, none issued | — | — |
| Common stock, $.01 par value; 100,000,000 shares authorized, 34,835,293 and 34,381,668 shares issued and outstanding at December 31, 2023 and 2022, respectively | 348 | 344 |
| Capital in excess of par value | 254,956 | 250,174 |
| Accumulated loss | (6,387) | (19,298) |
| Accumulated other comprehensive loss | (16,274) | (17,996) |
| Total CECO shareholders’ equity | 232,643 | 213,224 |
| Noncontrolling interest | 4,848 | 4,924 |
| Total shareholders' equity | 237,491 | 218,148 |
| Total liabilities and shareholders’ equity | $600,291 | $504,721 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.