MILLER INDUSTRIES INC TN
For the period ended Dec 31, 2023. Filed Mar 6, 2024.
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FY2023 · Filed Mar 6, 2024
MLR$48.62+5.0%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) · December 31, 2023 · December 31, 2022 | |||||
| Assets | | | | | |
| Current assets: | | | | | |
| Cash and temporary investments | $29,909 | | $40,153 | ||
| Accounts receivable, net of allowance for credit losses of $1,527 and $1,319 at December 31, 2023 and December 31, 2022, respectively | 286,138 | | 177,663 | ||
| Inventories, net | 189,807 | | 153,656 | ||
| Prepaid expenses | 4,617 | | 4,576 | ||
| Total current assets | 510,471 | | 376,048 | ||
| | | | | | |
| Property, plant and equipment, net | 115,072 | | 112,145 | ||
| Right-of-use assets - operating leases | | 826 | | | 909 |
| Goodwill | 20,022 | | 11,619 | ||
| Other assets | 819 | | 708 | ||
| Total assets | $647,210 | | $501,429 | ||
| | | | | | |
| Liabilities and shareholders' equity | | | | | |
| Current liabilities: | | | | | |
| Accounts payable | $191,782 | | $125,500 | ||
| Accrued liabilities | 40,793 | | 28,333 | ||
| Income taxes payable | | 1,819 | | | 2,001 |
| Current portion of operating lease obligation | | 320 | | | 311 |
| Total current liabilities | 234,714 | | 156,145 | ||
| Long-term obligations | 60,000 | | 45,000 | ||
| Noncurrent portion of operating lease obligation | 506 | | 597 | ||
| Deferred income tax liabilities | 4,070 | | 6,230 | ||
| Total liabilities | 299,290 | | 207,972 | ||
| | | | | | |
| Commitments and contingencies (Note 10) | | | | | |
| | | | | | |
| Shareholders' equity: | | | | | |
| Preferred shares, $0.01 par value: | | | | ||
| Authorized–5,000,000 shares, Issued–none | | — | | | — |
| Common shares, $0.01 par value: | | | | | |
| Authorized–100,000,000 shares, Issued–11,445,640 and 11,416,716 at December 31, 2023 and 2022, respectively | | 114 | | | 114 |
| Additional paid-in capital | 153,574 | | 152,392 | ||
| Retained Earnings | 200,165 | | 150,124 | ||
| Accumulated other comprehensive loss | (5,933) | | (9,173) | ||
| Total shareholders’ equity | 347,920 | | 293,457 | ||
| Total liabilities and shareholders' equity | $647,210 | | $501,429 | ||
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| | 35 |
| PART II | ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA |
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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.