RELIANCE INC

For the period ended Jun 30, 2024. Filed Aug 1, 2024.

About this filing

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.

Jun 30, 2024 · Filed Aug 1, 2024

RS$421.07+1.0%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Unaudited Consolidated Balance Sheets

(in millions, except number of shares which are reflected in thousands and par value)


· June 30, · · December 31,
· 2024 · 2023*
ASSETS
Current assets:
Cash and cash equivalents	$350.8	$1,080.2
Accounts receivable, less allowance for credit losses of $27.6 at June 30, 2024 and $24.9 at December 31, 2023	1,650.9	1,472.4
Inventories	2,288.7	2,043.2
Prepaid expenses and other current assets	132.3	140.4
Income taxes receivable	9.8	35.6
Total current assets	4,432.5	4,771.8
Property, plant and equipment:
Land	292.8	281.7
Buildings	1,627.1	1,510.9
Machinery and equipment	2,813.6	2,700.4
Accumulated depreciation	(2,295.9)	(2,244.6)
Property, plant and equipment, net	2,437.6	2,248.4
Operating lease right-of-use assets	241.7	231.6
Goodwill	2,167.0	2,111.1
Intangible assets, net	1,036.2	981.1
Cash surrender value of life insurance policies, net	34.4	43.8
Other long-term assets	98.7	92.5
Total assets	$10,448.1	$10,480.3
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable	$458.4	$410.3
Accrued expenses	146.6	118.5
Accrued compensation and retirement benefits	173.8	213.9
Accrued insurance costs	47.0	44.4
Current maturities of long-term debt	0.3	0.3
Current maturities of operating lease liabilities	57.4	56.2
Total current liabilities	883.5	843.6
Long-term debt	1,143.3	1,141.9
Operating lease liabilities	187.6	178.9
Long-term retirement benefits	27.7	25.1
Other long-term liabilities	71.3	64.0
Deferred income taxes	501.7	494.0
Total liabilities	2,815.1	2,747.5
Commitments and contingencies
Equity:
Preferred stock, $0.001 par value: 5,000 shares authorized; none issued or outstanding	—	—
Common stock and additional paid-in capital, $0.001 par value and 200,000 shares authorized
Issued and outstanding shares—55,627 at June 30, 2024 and 57,271 at December 31, 2023	0.1	0.1
Retained earnings	7,724.4	7,798.9
Accumulated other comprehensive loss	(101.5)	(76.7)
Total Reliance stockholders’ equity	7,623.0	7,722.3
Noncontrolling interests	10.0	10.5
Total equity	7,633.0	7,732.8
Total liabilities and equity	$10,448.1	$10,480.3

Derived from audited financial statements.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.