NEOGEN CORP
For the period ended May 31, 2025. Filed Jul 30, 2025.
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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.
FY2025 · Filed Jul 30, 2025
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)
| 2025 | 2024 | |
|---|---|---|
| Assets | ||
| Current Assets | ||
| Cash and cash equivalents | $129,004 | $170,611 |
| Marketable securities | — | 325 |
| Accounts receivable, net | 153,384 | 173,005 |
| Inventory, net | 190,859 | 189,267 |
| Assets held for sale | 50,402 | — |
| Prepaid expenses and other current assets | 53,288 | 56,025 |
| Total Current Assets | 576,937 | 589,233 |
| Property and Equipment | ||
| Land and improvements | 10,816 | 10,497 |
| Building and improvements | 108,721 | 108,298 |
| Machinery and equipment | 180,820 | 176,369 |
| Furniture and fixtures | 7,963 | 8,260 |
| Construction in progress | 186,242 | 113,968 |
| Total Property and Equipment | 494,562 | 417,392 |
| Less accumulated depreciation | (155,431) | (140,288) |
| Property and Equipment, net | 339,131 | 277,104 |
| Other Assets | ||
| Right of use assets (note 5) | 17,152 | 14,785 |
| Goodwill (note 6) | 1,064,902 | 2,135,632 |
| Amortizable intangible assets, net (note 6) | 1,410,485 | 1,511,653 |
| Other non-current assets | 35,229 | 20,426 |
| Total Other Assets | 2,527,768 | 3,682,496 |
| Total Assets | $3,443,836 | $4,548,833 |
| Liabilities and Stockholders’ Equity | ||
| Current Liabilities | ||
| Current portion of debt | $19,301 | $2,447 |
| Accounts payable | 79,605 | 83,061 |
| Accrued compensation | 14,134 | 19,949 |
| Income tax payable (note 11) | 5,599 | 10,449 |
| Accrued interest | 11,078 | 10,985 |
| Deferred revenue | 5,558 | 4,632 |
| Liabilities held for sale | 6,556 | — |
| Other current liabilities | 32,180 | 22,800 |
| Total Current Liabilities | 174,011 | 154,323 |
| Deferred Income Tax Liability (note 11) | 280,907 | 326,718 |
| Non-Current Debt (note 9) | 874,810 | 888,391 |
| Other Non-Current Liabilities | 42,854 | 35,259 |
| Total Liabilities | 1,372,582 | 1,404,691 |
| Commitments and Contingencies (note 12) | ||
| 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; 217,044,498 and 216,614,407 shares issued and outstanding at May 31, 2025 and 2024, respectively | 34,728 | 34,658 |
| Additional paid-in capital | 2,601,848 | 2,583,885 |
| Accumulated other comprehensive loss | (28,898) | (30,021) |
| Retained earnings (accumulated deficit) | (536,424) | 555,620 |
| Total Stockholders’ Equity | 2,071,254 | 3,144,142 |
| Total Liabilities and Stockholders’ Equity | $3,443,836 | $4,548,833 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.