AMERICAN VANGUARD CORP
For the period ended Mar 31, 2024. Filed May 9, 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 9, 2024
AVD$0.82-15.3%Stored close · as of Nov 9, 2026
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Condensed Consolidated Balance Sheets
| ASSETS | March 31,2024 | December 31,2023 |
|---|---|---|
| Current assets: | ||
| Cash | $13,709 | $11,416 |
| Receivables: | ||
| Trade, net of allowance for credit losses of $7,798 and $7,107, respectively | 187,197 | 182,613 |
| Other | 7,395 | 8,356 |
| Total receivables, net | 194,592 | 190,969 |
| Inventories | 228,309 | 219,551 |
| Prepaid expenses | 7,446 | 6,261 |
| Income taxes receivable | 2,889 | 3,824 |
| Total current assets | 446,945 | 432,021 |
| Property, plant and equipment, net | 75,909 | 74,560 |
| Operating lease right-of-use assets, net | 23,084 | 22,417 |
| Intangible assets, net of amortization | 168,723 | 172,508 |
| Goodwill | 50,469 | 51,199 |
| Deferred income tax assets | 3,307 | 2,849 |
| Other assets | 13,188 | 11,994 |
| Total assets | $781,625 | $767,548 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $64,642 | $68,833 |
| Customer prepayments | 28,520 | 65,560 |
| Accrued program costs | 74,343 | 68,076 |
| Accrued expenses and other payables | 15,927 | 16,354 |
| Operating lease liabilities, current | 6,358 | 6,081 |
| Income taxes payable | 5,633 | 5,591 |
| Total current liabilities | 195,423 | 230,495 |
| Long-term debt, net | 187,017 | 138,900 |
| Operating lease liabilities, long term | 17,407 | 17,113 |
| Deferred income tax liabilities | 7,157 | 7,892 |
| Other liabilities | 3,038 | 3,138 |
| Total liabilities | 410,042 | 397,538 |
| Commitments and contingent liabilities (Note 12) | ||
| Stockholders' equity: | ||
| Preferred stock, $0.10 par value per share; authorized 400,000 shares; none issued | — | — |
| Common stock, $0.10 par value per share; authorized 40,000,000 shares; issued 34,754,634 shares at March 31, 2024 and 34,676,787 shares at December 31, 2023 | 3,475 | 3,467 |
| Additional paid-in capital | 113,223 | 110,810 |
| Accumulated other comprehensive loss | (7,527) | (5,963) |
| Retained earnings | 333,613 | 332,897 |
| Less treasury stock at cost, 5,915,182 shares at March 31, 2024 and December 31, 2023 | (71,201) | (71,201) |
| Total stockholders’ equity | 371,583 | 370,010 |
| Total liabilities and stockholders’ equity | $781,625 | $767,548 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.