STONERIDGE INC
For the period ended Dec 31, 2023. Filed Mar 1, 2024.
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FY2023 · Filed Mar 1, 2024
SRI$5.13-5.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets as of December 31, 202 and
CONSOLIDATED BALANCE SHEETS
| December 31, (in thousands) | 2023 | 2022 |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $40,841 | $54,798 |
| Accounts receivable, less reserves of $1,058 and $962, respectively | 166,545 | 158,155 |
| Inventories, net | 187,758 | 152,580 |
| Prepaid expenses and other current assets | 34,246 | 44,018 |
| Total current assets | 429,390 | 409,551 |
| Long-term assets: | ||
| Property, plant and equipment, net | 110,126 | 104,643 |
| Intangible assets, net | 47,314 | 45,508 |
| Goodwill | 35,295 | 34,225 |
| Operating lease right-of-use asset | 10,795 | 13,762 |
| Investments and other long-term assets, net | 46,980 | 44,416 |
| Total long-term assets | 250,510 | 242,554 |
| Total assets | $679,900 | $652,105 |
| LIABILITIES AND SHAREHOLDERS' EQUITY | ||
| Current liabilities: | ||
| Current portion of debt | $2,113 | $1,450 |
| Accounts payable | 111,925 | 110,202 |
| Accrued expenses and other current liabilities | 64,203 | 66,040 |
| Total current liabilities | 178,241 | 177,692 |
| Long-term liabilities: | ||
| Revolving credit facility | 189,346 | 167,802 |
| Deferred income taxes | 7,224 | 8,498 |
| Operating lease long-term liability | 7,684 | 10,594 |
| Other long-term liabilities | 9,688 | 6,577 |
| Total long-term liabilities | 213,942 | 193,471 |
| Shareholders' equity: | ||
| Preferred Shares, without par value, 5,000 shares authorized, none issued | — | — |
| Common Shares, without par value, 60,000 shares authorized, 28,966 and 28,966 shares issued and 27,549 and 27,341 shares outstanding at December 31, 2023 and December 31, 2022, respectively, with no stated value | — | — |
| Additional paid-in capital | 227,340 | 232,758 |
| Common Shares held in treasury, 1,417 and 1,625 shares at December 31, 2023 and December 31, 2022, respectively, at cost | (43,344) | (50,366) |
| Retained earnings | 196,509 | 201,692 |
| Accumulated other comprehensive loss | (92,788) | (103,142) |
| Total shareholders' equity | 287,717 | 280,942 |
| Total liabilities and shareholders' equity | $679,900 | $652,105 |
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