Knowles Corp
For the period ended Dec 31, 2023. Filed Feb 21, 2024.
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FY2023 · Filed Feb 21, 2024
KN$33.03+5.6%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 millions, except share and per share amounts)
| December 31, 2023 | December 31, 2022 | |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $87.3 | $48.2 |
| Receivables, net of allowances of $0.2 and $1.1 | 135.3 | 134.7 |
| Inventories, net | 196.4 | 169.5 |
| Prepaid and other current assets | 9.8 | 10.0 |
| Total current assets | 428.8 | 362.4 |
| Property, plant, and equipment, net | 175.4 | 161.8 |
| Goodwill | 540.7 | 471.0 |
| Intangible assets, net | 189.4 | 85.1 |
| Operating lease right-of-use assets | 13.1 | 12.6 |
| Other assets and deferred charges | 115.4 | 91.0 |
| Total assets | $1,462.8 | $1,183.9 |
| Current liabilities: | ||
| Current maturities of long-term debt | $47.1 | $— |
| Accounts payable | 51.3 | 41.4 |
| Accrued compensation and employee benefits | 33.0 | 26.9 |
| Operating lease liabilities | 5.1 | 8.4 |
| Other accrued expenses | 25.0 | 19.9 |
| Federal and other taxes on income | 3.1 | 2.5 |
| Total current liabilities | 164.6 | 99.1 |
| Long-term debt | 224.1 | 45.0 |
| Deferred income taxes | 0.7 | 0.9 |
| Long-term operating lease liabilities | 8.2 | 7.2 |
| Other liabilities | 31.1 | 38.8 |
| Commitments and contingencies (Note 15) | ||
| Stockholders' equity: | ||
| Preferred stock - $0.01 par value; 10,000,000 shares authorized; none issued | — | — |
| Common stock - $0.01 par value; 400,000,000 shares authorized; 97,297,703 and 89,092,871 shares issued and outstanding at December 31, 2023, respectively, and 96,431,604 and 91,078,376 shares issued and outstanding at December 31, 2022, respectively | 1.0 | 1.0 |
| Treasury stock - at cost; 8,204,832 and 5,353,228 shares at December 31, 2023 and 2022, respectively | (151.2) | (103.3) |
| Additional paid-in capital | 1,689.9 | 1,665.5 |
| Accumulated deficit | (375.8) | (448.2) |
| Accumulated other comprehensive loss | (129.8) | (122.1) |
| Total stockholders' equity | 1,034.1 | 992.9 |
| Total liabilities and stockholders' equity | $1,462.8 | $1,183.9 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.