EPLUS INC
For the period ended Dec 31, 2023. Filed Feb 7, 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.
Dec 31, 2023 · Filed Feb 7, 2024
PLUS$92.11+11.7%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Unaudited Consolidated Balance Sheets as of December 31, 2023, and March 31, 2023
(in thousands, except per share amounts)
| December 31, 2023 | March 31, 2023 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $142,170 | $103,093 |
| Accounts receivable—trade, net | 597,363 | 504,122 |
| Accounts receivable—other, net | 50,055 | 55,508 |
| Inventories | 218,046 | 243,286 |
| Financing receivables—net, current | 110,344 | 89,829 |
| Deferred costs | 54,279 | 44,191 |
| Other current assets | 47,057 | 55,101 |
| Total current assets | 1,219,314 | 1,095,130 |
| Financing receivables and operating leases—net | 87,012 | 84,417 |
| Deferred tax asset | 3,682 | 3,682 |
| Property, equipment, and other assets—net | 84,335 | 70,447 |
| Goodwill | 158,284 | 136,105 |
| Other intangible assets—net | 42,970 | 25,045 |
| TOTAL ASSETS | $1,595,597 | $1,414,826 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| LIABILITIES | ||
| Current liabilities: | ||
| Accounts payable | $294,705 | $220,159 |
| Accounts payable—floor plan | 92,518 | 134,615 |
| Salaries and commissions payable | 45,372 | 37,336 |
| Deferred revenue | 130,352 | 114,028 |
| Recourse notes payable—current | - | 5,997 |
| Non-recourse notes payable—current | 36,165 | 24,819 |
| Other current liabilities | 32,351 | 24,372 |
| Total current liabilities | 631,463 | 561,326 |
| Non-recourse notes payable - long-term | 12,233 | 9,522 |
| Deferred tax liability | 561 | 715 |
| Other liabilities | 73,587 | 60,998 |
| TOTAL LIABILITIES | 717,844 | 632,561 |
| COMMITMENTS AND CONTINGENCIES (Note 9) | ||
| STOCKHOLDERS’ EQUITY | ||
| Preferred stock, $0.01 per share par value; 2,000 shares authorized; none outstanding | - | - |
| Common stock, $0.01 per share par value; 50,000 shares authorized; 26,954 outstanding at December 31, 2023 and 26,905 outstanding at March 31, 2023 | 274 | 272 |
| Additional paid-in capital | 177,465 | 167,303 |
| Treasury stock, at cost, 446 shares at December 31, 2023 and 261 shares at March 31, 2023 | (23,774) | (14,080) |
| Retained earnings | 720,995 | 627,202 |
| Accumulated other comprehensive income—foreign currency translation adjustment | 2,793 | 1,568 |
| Total Stockholders’ Equity | 877,753 | 782,265 |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $1,595,597 | $1,414,826 |
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS
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