SCOTTS MIRACLE-GRO CO
For the period ended Dec 30, 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 30, 2023 · Filed Feb 7, 2024
SMG$65.13-1.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets —
(In millions, except per share data)
| December 30,2023 | December 31,2022 | September 30,2023 | |
|---|---|---|---|
| ASSETS | |||
| Current assets: | |||
| Cash and cash equivalents | $10.4 | $25.6 | $31.9 |
| Accounts receivable, less allowances of $15.9, $12.0 and $15.1, respectively | 287.6 | 311.4 | 304.2 |
| Accounts receivable pledged | — | 178.9 | — |
| Inventories | 1,169.6 | 1,525.9 | 880.3 |
| Prepaid and other current assets | 213.8 | 257.5 | 181.4 |
| Total current assets | 1,681.4 | 2,299.3 | 1,397.8 |
| Investment in unconsolidated affiliates | 90.8 | 181.5 | 91.9 |
| Property, plant and equipment, net of accumulated depreciation of $760.5, $780.6 and $765.4, respectively | 610.4 | 592.8 | 610.3 |
| Goodwill | 243.9 | 254.3 | 243.9 |
| Intangible assets, net | 433.2 | 576.0 | 436.7 |
| Other assets | 656.4 | 630.1 | 633.1 |
| Total assets | $3,716.1 | $4,534.0 | $3,413.7 |
| LIABILITIES AND EQUITY (DEFICIT) | |||
| Current liabilities: | |||
| Current portion of debt | $54.5 | $216.8 | $52.3 |
| Accounts payable | 332.5 | 366.8 | 271.2 |
| Other current liabilities | 377.1 | 348.1 | 450.2 |
| Total current liabilities | 764.1 | 931.7 | 773.7 |
| Long-term debt | 2,969.0 | 3,189.6 | 2,557.4 |
| Other liabilities | 368.4 | 353.2 | 349.9 |
| Total liabilities | 4,101.5 | 4,474.5 | 3,681.0 |
| Commitments and contingencies (Note 10) | |||
| Equity (deficit): | |||
| Common shares and capital in excess of $0.01 stated value per share; shares outstanding of 56.7, 55.9 and 56.5, respectively | 349.6 | 367.6 | 353.1 |
| Retained earnings | 372.4 | 917.9 | 490.9 |
| Treasury shares, at cost; 11.5, 12.3 and 11.6 shares, respectively | (985.7) | (1,056.7) | (998.5) |
| Accumulated other comprehensive loss | (121.7) | (169.3) | (112.8) |
| Total equity (deficit) | (385.4) | 59.5 | (267.3) |
| Total liabilities and equity (deficit) | $3,716.1 | $4,534.0 | $3,413.7 |
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