NEWMARKET CORP
For the period ended Mar 31, 2024. Filed Apr 25, 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.
Mar 31, 2024 · Filed Apr 25, 2024
NEU$695.40+0.5%Stored close · as of Nov 10, 2026
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Condensed Consolidated Balance Sheets - March 31 and December 31,
CONDENSED CONSOLIDATED BALANCE SHEETS
| (in thousands, except share amounts) | March 31,2024 | December 31,2023 |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $117,066 | $111,936 |
| Trade and other accounts receivable, less allowance for credit losses | 464,687 | 432,349 |
| Inventories | 493,554 | 456,234 |
| Prepaid expenses and other current assets | 44,013 | 39,051 |
| Total current assets | 1,119,320 | 1,039,570 |
| Property, plant, and equipment, net | 761,685 | 654,747 |
| Intangibles (net of amortization) and goodwill | 768,918 | 124,642 |
| Prepaid pension cost | 377,941 | 370,882 |
| Operating lease right-of-use assets, net | 76,186 | 70,823 |
| Deferred charges and other assets | 53,449 | 48,207 |
| Total assets | $3,157,499 | $2,308,871 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $260,451 | $231,137 |
| Accrued expenses | 72,668 | 76,546 |
| Dividends payable | 21,365 | 19,212 |
| Income taxes payable | 15,403 | 6,131 |
| Operating lease liabilities | 15,505 | 15,074 |
| Other current liabilities | 5,402 | 16,064 |
| Total current liabilities | 390,794 | 364,164 |
| Long-term debt | 1,279,457 | 643,622 |
| Operating lease liabilities-noncurrent | 59,713 | 55,058 |
| Other noncurrent liabilities | 275,247 | 168,966 |
| Total liabilities | 2,005,211 | 1,231,810 |
| Commitments and contingencies (Note 10) | ||
| Shareholders’ equity: | ||
| Common stock and paid-in capital (with no par value; authorized shares - 80,000,000; issued and outstanding shares - 9,594,250 at March 31, 2024 and 9,590,086 at December 31, 2023) | 1,406 | 2,130 |
| Accumulated other comprehensive loss | (28,874) | (21,071) |
| Retained earnings | 1,179,756 | 1,096,002 |
| Total shareholders' equity | 1,152,288 | 1,077,061 |
| Total liabilities and shareholders’ equity | $3,157,499 | $2,308,871 |
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