Tecnoglass Inc
For the period ended Dec 31, 2023. Filed Feb 29, 2024.
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FY2023 · Filed Feb 29, 2024
TGLS$47.09+7.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Balance Sheets
(In thousands, except share and per share data)
| December 31, · December 31, | ||||
|---|---|---|---|---|
| 2023 · 2022 | ||||
| ASSETS | ||||
| Current assets: | ||||
| Cash and cash equivalents | $129,508 | $103,671 | ||
| Investments | 2,907 | 2,049 | ||
| Trade accounts receivable, net | 166,498 | 158,397 | ||
| Due from related parties | 1,387 | 1,447 | ||
| Inventories | 159,070 | 124,997 | ||
| Contract assets – current portion | 17,800 | 12,610 | ||
| Other current assets | 58,590 | 28,963 | ||
| Total current assets | $535,760 | $432,134 | ||
| Long-term assets: | ||||
| Property, plant and equipment, net | $324,591 | $202,865 | ||
| Deferred income taxes | 169 | 558 | ||
| Contract assets – non-current | 8,797 | 8,875 | ||
| Long-term trade accounts receivable | - | 1,225 | ||
| Intangible assets | 3,475 | 2,706 | ||
| Goodwill | 23,561 | 23,561 | ||
| Equity method investment | 60,570 | 57,839 | ||
| Other long-term assets | 5,794 | 4,545 | ||
| Total long-term assets | 426,957 | 302,174 | ||
| Total assets | $962,717 | $734,308 | ||
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||||
| Current liabilities: | ||||
| Short-term debt and current portion of long-term debt | $7,002 | $504 | ||
| Trade accounts payable and accrued expenses | 82,784 | 90,186 | ||
| Due to related parties | 7,498 | 5,323 | ||
| Dividends payable | 4,265 | 3,622 | ||
| Contract liability – current portion | 72,543 | 49,601 | ||
| Other current liabilities | 61,794 | 60,566 | ||
| Total current liabilities | $235,886 | $209,802 | ||
| Long-term liabilities: | ||||
| Deferred income taxes | $15,793 | $5,190 | ||
| Contract liability – non-current | 14 | 11 | ||
| Long-term debt | 163,004 | 168,980 | ||
| Total long-term liabilities | 178,811 | 174,181 | ||
| Total liabilities | $414,697 | $383,983 | ||
| SHAREHOLDERS’ EQUITY | ||||
| Preferred shares, $0.0001 par value, 1,000,000 shares authorized, 0 shares issued and outstanding at December 31, 2023 and December 31, 2022 respectively | $ | - | $ | - |
| Ordinary shares, $0.0001 par value, 100,000,000 shares authorized, 46,996,708 and 46,674,773 shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively | 5 | 5 | ||
| Legal Reserves | 1,458 | 1,458 | ||
| Additional paid-in capital | 192,385 | 219,290 | ||
| Retained earnings | 400,035 | 234,254 | ||
| Accumulated other comprehensive (loss) | (45,863) | (106,187) | ||
| Shareholders’ equity attributable to controlling interest | 548,020 | 348,820 | ||
| Shareholders’ equity attributable to non-controlling interest | - | 1,505 | ||
| Total shareholders’ equity | 548,020 | 350,325 | ||
| Total liabilities and shareholders’ equity | $962,717 | $734,308 | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.