Knowles Corp
For the period ended Dec 31, 2024. Filed Feb 13, 2025.
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FY2024 · Filed Feb 13, 2025
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, 2024 | December 31, 2023 | |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $130.1 | $87.3 |
| Receivables, net of allowances of $0.1 and $0.2 | 105.0 | 90.7 |
| Inventories | 118.0 | 127.0 |
| Prepaid and other current assets | 8.3 | 6.9 |
| Current assets of discontinued operations | — | 116.9 |
| Total current assets | 361.4 | 428.8 |
| Property, plant, and equipment, net | 130.1 | 143.0 |
| Goodwill | 269.8 | 270.5 |
| Intangible assets, net | 157.4 | 175.6 |
| Operating lease right-of-use assets | 8.6 | 13.1 |
| Investment in affiliate | 77.2 | — |
| Other assets and deferred charges | 113.7 | 113.7 |
| Non-current assets of discontinued operations | — | 318.1 |
| Total assets | $1,118.2 | $1,462.8 |
| Current liabilities: | ||
| Current maturities of long-term debt | $68.5 | $47.1 |
| Accounts payable | 58.5 | 35.9 |
| Accrued compensation and employee benefits | 29.4 | 25.0 |
| Operating lease liabilities | 3.9 | 5.1 |
| Other accrued expenses | 33.6 | 22.2 |
| Federal and other taxes on income | 3.7 | 2.8 |
| Current liabilities of discontinued operations | — | 26.5 |
| Total current liabilities | 197.6 | 164.6 |
| Long-term debt | 134.0 | 224.1 |
| Deferred income taxes | 1.1 | 0.7 |
| Long-term operating lease liabilities | 5.8 | 8.2 |
| Other liabilities | 23.7 | 29.3 |
| Non-current liabilities of discontinued operations | — | 1.8 |
| Commitments and contingencies (Note 14) | ||
| 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; 98,551,188 and 87,358,659 shares issued and outstanding at December 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; 11,192,529 and 8,204,832 shares at December 31, 2024 and 2023, respectively | (205.2) | (151.2) |
| Additional paid-in capital | 1,711.9 | 1,689.9 |
| Accumulated deficit | (613.6) | (375.8) |
| Accumulated other comprehensive loss | (138.1) | (129.8) |
| Total stockholders' equity | 756.0 | 1,034.1 |
| Total liabilities and stockholders' equity | $1,118.2 | $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.