Knowles Corp
For the period ended Mar 31, 2024. Filed May 1, 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.
Mar 31, 2024 · Filed May 1, 2024
KN$32.74-0.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets (unaudited) at
CONSOLIDATED BALANCE SHEETS
(in millions, except share and per share amounts)
| March 31, 2024 | December 31, 2023 | |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $122.1 | $87.3 |
| Receivables, net of allowances of $0.2 | 130.8 | 135.3 |
| Inventories, net | 203.4 | 196.4 |
| Prepaid and other current assets | 11.6 | 9.8 |
| Total current assets | 467.9 | 428.8 |
| Property, plant, and equipment, net | 166.3 | 175.4 |
| Goodwill | 540.5 | 540.7 |
| Intangible assets, net | 183.0 | 189.4 |
| Operating lease right-of-use assets | 11.3 | 13.1 |
| Other assets and deferred charges | 114.4 | 115.4 |
| Total assets | $1,483.4 | $1,462.8 |
| Current liabilities: | ||
| Current maturities of long-term debt | $48.0 | $47.1 |
| Accounts payable | 67.8 | 51.3 |
| Accrued compensation and employee benefits | 25.3 | 33.0 |
| Operating lease liabilities | 4.5 | 5.1 |
| Other accrued expenses | 22.7 | 25.0 |
| Federal and other taxes on income | 2.0 | 3.1 |
| Total current liabilities | 170.3 | 164.6 |
| Long-term debt | 245.2 | 224.1 |
| Deferred income taxes | 0.7 | 0.7 |
| Long-term operating lease liabilities | 7.3 | 8.2 |
| Other liabilities | 26.0 | 31.1 |
| Commitments and contingencies (Note 13) | ||
| 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; 97,949,177 and 89,744,345 shares issued and outstanding at March 31, 2024, respectively, and 97,297,703 and 89,092,871 shares issued and outstanding at December 31, 2023, respectively | 1.0 | 1.0 |
| Treasury stock - at cost; 8,204,832 shares at March 31, 2024 and December 31, 2023 | (151.2) | (151.2) |
| Additional paid-in capital | 1,690.8 | 1,689.9 |
| Accumulated deficit | (373.3) | (375.8) |
| Accumulated other comprehensive loss | (133.4) | (129.8) |
| Total stockholders' equity | 1,033.9 | 1,034.1 |
| Total liabilities and stockholders' equity | $1,483.4 | $1,462.8 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.