Innovex International Inc
For the period ended Sep 30, 2024. Filed Nov 8, 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.
Sep 30, 2024 · Filed Nov 8, 2024
INVX$25.13+2.9%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Financial Statements Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets
(in thousands, except share and par value amounts)
| September 30,2024 | December 31,2023 | |
|---|---|---|
| Assets | ||
| Current assets | ||
| Cash and restricted cash | $99,895 | $7,406 |
| Trade receivables, net of allowance of $76,589 and $5,015 at September 30, 2024 and December 31, 2023, respectively | 225,067 | 118,360 |
| Contract assets | 8,147 | — |
| Inventories | 297,519 | 141,188 |
| Assets held for sale | 1,544 | — |
| Prepaid expenses and other current assets | 45,160 | 21,318 |
| Total current assets | 677,332 | 288,272 |
| Noncurrent assets | ||
| Property and equipment, net | 182,230 | 52,424 |
| Right of use assets – operating | 47,352 | 32,673 |
| Goodwill | 23,932 | 23,932 |
| Intangibles, net | 35,787 | 41,808 |
| Deferred tax asset, net | 138,523 | 14,017 |
| Equity method investment | 19,923 | 20,025 |
| Other long-term assets | 7,704 | 2,149 |
| Total noncurrent assets | 455,451 | 187,028 |
| Total assets | $1,132,783 | $475,300 |
| Liabilities and stockholders’ equity | ||
| Current liabilities | ||
| Accounts payable | $83,613 | $32,035 |
| Operating lease liabilities | 9,093 | 7,358 |
| Accrued expenses | 55,884 | 28,736 |
| Contract liabilities | 14,090 | — |
| Other current liabilities | 1,430 | 670 |
| Current portion of long-term debt and finance lease obligations | 10,695 | 9,824 |
| Total current liabilities | 174,805 | 78,623 |
| Noncurrent liabilities | ||
| Long-term debt and finance lease obligations | 12,351 | 40,566 |
| Operating lease liabilities | 39,314 | 27,159 |
| Other long-term liabilities | 1,962 | 31 |
| Total noncurrent liabilities | 53,627 | 67,756 |
| Total liabilities | $228,432 | $146,379 |
| Commitments and contingencies (Note 15) | ||
| Stockholders’ equity | ||
| Common stock, $0.01 par value, 100,000,000 and 40,249,394 shares authorized at September 30, 2024 and December 31, 2023, respectively; 67,131,395 and 30,928,647 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively | $671 | $309 |
| Additional paid-in capital | 722,509 | 180,633 |
| Accumulated other comprehensive income | 1,709 | 2,071 |
| Retained earnings | 179,462 | 145,908 |
| Total stockholders’ equity | $904,351 | $328,921 |
| Total liabilities and stockholders’ equity | $1,132,783 | $475,300 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.