Innovex International Inc
For the period ended Dec 31, 2024. Filed Mar 3, 2025.
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FY2024 · Filed Mar 3, 2025
INVX$25.32+0.8%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
| (in thousands, except share and par value amounts) | December 31,2024 | December 31,2023 |
|---|---|---|
| Assets | ||
| Current assets | ||
| Cash and restricted cash | $73,278 | $7,406 |
| Trade receivables, net of allowance of $63,875 and $5,015 at December 31, 2024 and 2023, respectively | 239,506 | 118,360 |
| Contract assets | 5,062 | — |
| Inventories | 271,173 | 141,188 |
| Assets held for sale | 4,749 | — |
| Prepaid expenses and other current assets | 47,623 | 21,318 |
| Total current assets | 641,391 | 288,272 |
| Noncurrent assets | ||
| Property and equipment, net | 190,786 | 52,424 |
| Right of use assets – operating | 54,873 | 32,673 |
| Goodwill | 60,176 | 23,932 |
| Intangibles, net | 108,363 | 41,808 |
| Deferred tax asset, net | 134,540 | 14,017 |
| Equity method investment | — | 20,025 |
| Other long-term assets | 7,354 | 2,149 |
| Total noncurrent assets | 556,092 | 187,028 |
| Total assets | $1,197,483 | $475,300 |
| Liabilities and stockholders’ equity | ||
| Current liabilities | ||
| Accounts payable | $65,201 | $32,035 |
| Operating lease liabilities | 10,547 | 7,358 |
| Accrued expenses | 60,593 | 28,736 |
| Contract liabilities | 13,463 | — |
| Current portion of long-term debt and finance lease obligations | 10,467 | 9,824 |
| Other current liabilities | 2,387 | 670 |
| Total current liabilities | 162,658 | 78,623 |
| Noncurrent liabilities | ||
| Long-term debt and finance lease obligations | 24,901 | 40,566 |
| Operating lease liabilities | 45,153 | 27,159 |
| Deferred income taxes | 624 | — |
| Other long-term liabilities | 5,991 | 31 |
| Total noncurrent liabilities | 76,669 | 67,756 |
| Total liabilities | $239,327 | $146,379 |
| Commitments and contingencies (Note 16) | ||
| Stockholders’ equity | ||
| Preferred stock: 10,000,000 shares authorized at $0.01 par value (none issued) | $— | $— |
| Common stock: | ||
| $0.01 par value, 100,000,000 and 40,249,394 shares authorized at December 31, 2024 and 2023, respectively; 69,178,262 and 30,928,647 shares issued and outstanding at December 31, 2024 and 2023, respectively | 692 | 309 |
| Additional paid-in capital | 755,077 | 180,633 |
| Accumulated other comprehensive income | (8,863) | 2,071 |
| Retained earnings | 211,250 | 145,908 |
| Total stockholders’ equity | $958,156 | $328,921 |
| Total liabilities and stockholders’ equity | $1,197,483 | $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.