Innovex International, Inc.
For the period ended Mar 31, 2025. Filed May 7, 2025.
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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, 2025 · Filed May 7, 2025
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) | March 31,2025 | December 31,2024 |
|---|---|---|
| Assets | ||
| Current assets | ||
| Cash and restricted cash | $68,116 | $73,278 |
| Trade receivables, net of allowance of $57,632 and $63,875 at March 31, 2025 and December 31, 2024, respectively | 236,020 | 239,506 |
| Contract assets | 5,512 | 5,062 |
| Inventories | 269,251 | 271,173 |
| Assets held for sale | 5,760 | 4,749 |
| Prepaid expenses and other current assets | 47,979 | 47,623 |
| Total current assets | 632,638 | 641,391 |
| Noncurrent assets | ||
| Property and equipment, net | 188,426 | 190,786 |
| Right of use assets – operating | 56,960 | 54,873 |
| Goodwill | 75,568 | 60,176 |
| Intangibles, net | 104,746 | 108,363 |
| Deferred tax asset, net | 128,992 | 134,540 |
| Other long-term assets | 8,673 | 7,354 |
| Total noncurrent assets | 563,365 | 556,092 |
| Total assets | $1,196,003 | $1,197,483 |
| Liabilities and stockholders’ equity | ||
| Current liabilities | ||
| Accounts payable | $76,391 | $65,201 |
| Operating lease liabilities | 11,535 | 10,547 |
| Accrued expenses | 37,116 | 60,593 |
| Contract liabilities | 11,128 | 13,463 |
| Current portion of long-term debt and finance lease obligations | 5,556 | 10,467 |
| Other current liabilities | 4,093 | 2,387 |
| Total current liabilities | 145,819 | 162,658 |
| Noncurrent liabilities | ||
| Long-term debt and finance lease obligations | 19,679 | 24,901 |
| Operating lease liabilities | 45,962 | 45,153 |
| Deferred income taxes | 726 | 624 |
| Other long-term liabilities | 5,441 | 5,991 |
| Total noncurrent liabilities | 71,808 | 76,669 |
| Total liabilities | $217,627 | $239,327 |
| 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 shares authorized at March 31, 2025 and December 31, 2024; 69,337,922 and 69,178,263 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively | 693 | 692 |
| Additional paid-in capital | 756,548 | 755,077 |
| Accumulated other comprehensive income | (4,247) | (8,863) |
| Retained earnings | 225,382 | 211,250 |
| Total stockholders’ equity | $978,376 | $958,156 |
| Total liabilities and stockholders’ equity | $1,196,003 | $1,197,483 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.