MILLER INDUSTRIES INC TN
For the period ended Sep 30, 2024. Filed Nov 12, 2024.
View on SEC.govAbout 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.
Sep 30, 2024 · Filed Nov 12, 2024
MLR$48.62+5.0%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 exhibitsContents
Condensed Consolidated Balance Sheets
| | | | | | |
|---|---|---|---|---|---|
| · September 30, 2024 · December 31, 2023 | |||||
| (in thousands, except share and per share amounts) · (Unaudited) · · · | |||||
| ASSETS | | | | | |
| CURRENT ASSETS: | | | | | |
| Cash and temporary investments | $40,600 | | $29,909 | ||
| Accounts receivable, net of allowance for credit losses of $1,691 and $1,527 at September 30, 2024 and December 31, 2023, respectively | 374,029 | | 286,138 | ||
| Inventories, net | 190,345 | | 189,807 | ||
| Prepaid expenses | 10,485 | | 4,617 | ||
| Total current assets | 615,459 | | 510,471 | ||
| NON-CURRENT ASSETS: | | | | | |
| Property, plant and equipment, net | 118,569 | | 115,072 | ||
| Right-of-use assets – operating leases | | 595 | | | 826 |
| Goodwill | 19,998 | | 20,022 | ||
| Other assets | 725 | | 819 | ||
| TOTAL ASSETS | $755,346 | | $647,210 | ||
| | | | | | |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | | | | | |
| CURRENT LIABILITIES: | | | | | |
| Accounts payable | $234,216 | | $191,782 | ||
| Accrued liabilities | 54,801 | | 40,793 | ||
| Income taxes payable | | 1,462 | | | 1,819 |
| Current portion of operating lease obligation | | 309 | | | 320 |
| Total current liabilities | 290,788 | | 234,714 | ||
| NON-CURRENT LIABILITIES: | | | | | |
| Long-term obligations | 65,000 | | 60,000 | ||
| Non-current portion of operating lease obligation | 286 | | 506 | ||
| Deferred income tax liabilities | 4,082 | | 4,070 | ||
| TOTAL LIABILITIES | 360,156 | | 299,290 | ||
| | | | | | |
| COMMITMENTS AND CONTINGENCIES (Note 8) | | | | | |
| | | | | | |
| SHAREHOLDERS’ EQUITY: | | | | | |
| Preferred stock, $0.01 par value per share: | | | | ||
| Authorized – 5,000,000 shares, Issued – none | | — | | | — |
| Common stock, $0.01 par value per share: | | | | | |
| Authorized – 100,000,000 shares, Issued – 11,439,292 and 11,445,640 shares at September 30, 2024 and December 31, 2023, respectively | | 114 | | | 114 |
| Additional paid-in capital | 152,933 | | 153,574 | ||
| Retained earnings | 246,578 | | 200,165 | ||
| Accumulated other comprehensive loss | (4,435) | | (5,933) | ||
| TOTAL SHAREHOLDERS’ EQUITY | 395,190 | | 347,920 | ||
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $755,346 | | $647,210 | ||
| | |
| 4 | Q3 FY 2024 FORM 10-Q | |
|---|
| | |
|---|---|
| FINANCIAL STATEMENTS | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.