HERBALIFE LTD
For the period ended Mar 31, 2024. Filed May 1, 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.
Mar 31, 2024 · Filed May 1, 2024
HLF$15.59-0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Condensed Consolidated Balance Sheets
CONDENSED CONSOLIDATED BALANCE SHEETS
| March 31,2024 | December 31,2023 | |
|---|---|---|
| (in millions, except share and par value amounts) | ||
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $398.3 | $575.2 |
| Receivables, net of allowance for doubtful accounts | 87.9 | 81.2 |
| Inventories | 501.9 | 505.2 |
| Prepaid expenses and other current assets | 238.1 | 237.7 |
| Total current assets | 1,226.2 | 1,399.3 |
| Property, plant, and equipment, at cost, net of accumulated depreciation and amortization | 510.9 | 506.5 |
| Operating lease right-of-use assets | 179.1 | 185.8 |
| Marketing-related intangibles and other intangible assets, net | 313.6 | 314.0 |
| Goodwill | 93.9 | 95.4 |
| Other assets | 323.3 | 308.4 |
| Total assets | $2,647.0 | $2,809.4 |
| LIABILITIES AND SHAREHOLDERS’ DEFICIT | ||
| Current liabilities: | ||
| Accounts payable | $89.9 | $84.0 |
| Royalty overrides | 313.3 | 343.4 |
| Current portion of long-term debt | 2.9 | 309.5 |
| Other current liabilities | 538.6 | 540.7 |
| Total current liabilities | 944.7 | 1,277.6 |
| Long-term debt, net of current portion | 2,405.0 | 2,252.9 |
| Non-current operating lease liabilities | 163.9 | 167.6 |
| Other non-current liabilities | 170.0 | 171.6 |
| Total liabilities | 3,683.6 | 3,869.7 |
| Commitments and contingencies | ||
| Shareholders’ deficit: | ||
| Common shares, $0.0005 par value; 2.0 billion shares authorized; 99.8 million (2024) and 99.2 million (2023) shares outstanding | 0.1 | 0.1 |
| Paid-in capital in excess of par value | 244.2 | 233.9 |
| Accumulated other comprehensive loss | (242.9) | (232.0) |
| Accumulated deficit | (1,038.0) | (1,062.3) |
| Total shareholders’ deficit | (1,036.6) | (1,060.3) |
| Total liabilities and shareholders’ deficit | $2,647.0 | $2,809.4 |
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