NEOGEN CORP
For the period ended May 31, 2024. Filed Jul 30, 2024.
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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.
FY2024 · Filed Jul 30, 2024
NEOG$12.08+2.7%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
(in thousands, except shares)
| 2024 | 2023 | |
|---|---|---|
| Assets | ||
| Current Assets | ||
| Cash and cash equivalents | $170,611 | $163,240 |
| Marketable securities, amortized cost of $325 and $83,549 | 325 | 82,329 |
| Accounts receivable, net | 173,005 | 153,253 |
| Inventory, net | 189,267 | 133,812 |
| Prepaid expenses and other current assets | 56,025 | 53,297 |
| Total Current Assets | 589,233 | 585,931 |
| Property and Equipment | ||
| Land and improvements | 10,497 | 10,209 |
| Building and improvements | 108,298 | 96,794 |
| Machinery and equipment | 176,369 | 152,547 |
| Furniture and fixtures | 8,260 | 7,080 |
| Construction in progress | 113,968 | 52,237 |
| 417,392 | 318,867 | |
| Less accumulated depreciation | (140,288) | (120,118) |
| Property and Equipment, net | 277,104 | 198,749 |
| Other Assets | ||
| Right of use assets (note 4) | 14,785 | 11,933 |
| Goodwill (note 5) | 2,135,632 | 2,137,496 |
| Other non-amortizable intangible assets (note 5) | — | 14,316 |
| Amortizable intangible assets, net (note 5) | 1,511,653 | 1,590,787 |
| Other non-current assets | 20,426 | 15,220 |
| Total Other Assets | 3,682,496 | 3,769,752 |
| Total Assets | $4,548,833 | $4,554,432 |
| Liabilities and Stockholders’ Equity | ||
| Current Liabilities | ||
| Current portion of finance lease | $2,447 | $— |
| Accounts payable | 83,061 | 76,669 |
| Accrued compensation | 19,949 | 25,153 |
| Income tax payable (note 9) | 10,449 | 6,951 |
| Accrued interest | 10,985 | 11,149 |
| Deferred revenue | 4,632 | 4,616 |
| Other current liabilities | 22,800 | 20,934 |
| Total Current Liabilities | 154,323 | 145,472 |
| Deferred Income Tax Liability (note 9) | 326,718 | 353,427 |
| Non-Current Debt (note 7) | 888,391 | 885,439 |
| Other Non-Current Liabilities | 35,259 | 35,877 |
| Total Liabilities | 1,404,691 | 1,420,215 |
| Commitments and Contingencies (note 10) | ||
| Stockholders’ Equity | ||
| Preferred stock, $1.00 par value — shares authorized 100,000; none issued and outstanding | — | — |
| Common stock, $0.16 par value — shares authorized 315,000,000; 216,614,407 and 216,245,501 shares issued and outstanding at May 31, 2024 and 2023, respectively | 34,658 | 34,599 |
| Additional paid-in capital | 2,583,885 | 2,567,828 |
| Accumulated other comprehensive loss | (30,021) | (33,251) |
| Retained earnings | 555,620 | 565,041 |
| Total Stockholders’ Equity | 3,144,142 | 3,134,217 |
| Total Liabilities and Stockholders’ Equity | $4,548,833 | $4,554,432 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.