Tecnoglass Inc
For the period ended Dec 31, 2024. Filed Feb 28, 2025.
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FY2024 · Filed Feb 28, 2025
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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Consolidated Balance Sheets
(In thousands, except share and per share data)
| December 31, · December 31, | ||||
|---|---|---|---|---|
| 2024 · 2023 | ||||
| ASSETS | ||||
| Current assets: | ||||
| Cash and cash equivalents | $134,882 | $129,508 | ||
| Investments | 2,645 | 2,907 | ||
| Trade accounts receivable, net | 202,915 | 166,498 | ||
| Due from related parties | 2,674 | 1,387 | ||
| Inventories | 139,642 | 159,070 | ||
| Contract assets – current portion | 22,920 | 17,800 | ||
| Other current assets | 54,332 | 58,590 | ||
| Total current assets | $560,010 | $535,760 | ||
| Long-term assets: | ||||
| Property, plant and equipment, net | $344,433 | $324,591 | ||
| Deferred income taxes | 285 | 169 | ||
| Contract assets – non-current | 15,208 | 8,797 | ||
| Intangible assets | 4,389 | 3,475 | ||
| Goodwill | 23,561 | 23,561 | ||
| Equity method investment | 63,264 | 60,570 | ||
| Other long-term assets | 5,498 | 5,794 | ||
| Total long-term assets | 456,638 | 426,957 | ||
| Total assets | $1,016,648 | $962,717 | ||
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||||
| Current liabilities: | ||||
| Short-term debt and current portion of long-term debt | $1,087 | $7,002 | ||
| Trade accounts payable and accrued expenses | 98,843 | 82,784 | ||
| Due to related parties | 9,864 | 7,498 | ||
| Dividends payable | 7,074 | 4,265 | ||
| Contract liability – current portion | 97,979 | 72,543 | ||
| Other current liabilities | 50,979 | 61,794 | ||
| Total current liabilities | $265,826 | $235,886 | ||
| Long-term liabilities: | ||||
| Deferred income taxes | $11,419 | $15,793 | ||
| Contract liability – non-current | - | 14 | ||
| Long-term debt | 108,220 | 163,004 | ||
| Total long-term liabilities | 119,639 | 178,811 | ||
| Total liabilities | $385,465 | $414,697 | ||
| SHAREHOLDERS’ EQUITY | ||||
| Preferred shares, $0.0001 par value, 1,000,000 shares authorized, 0 shares issued and outstanding at December 31, 2024 and December 31, 2023 respectively | $ | - | $ | - |
| Ordinary shares, $0.0001 par value, 100,000,000 shares authorized, 46,991,558 and 46,996,708 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively | 5 | 5 | ||
| Legal Reserves | 1,458 | 1,458 | ||
| Additional paid-in capital | 192,094 | 192,385 | ||
| Retained earnings | 538,787 | 400,035 | ||
| Accumulated other comprehensive (loss) | (101,161) | (45,863) | ||
| Shareholders’ equity attributable to controlling interest | 631,183 | 548,020 | ||
| Total liabilities and shareholders’ equity | $1,016,648 | $962,717 | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.