HUBBELL INC
For the period ended Dec 31, 2023. Filed Feb 8, 2024.
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FY2023 · Filed Feb 8, 2024
HUBB$441.57+2.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheet
| At December 31, | ||
|---|---|---|
| (in millions, except share and per share amounts) | 2023 | 2022 |
| ASSETS | ||
| Current Assets | ||
| Cash and cash equivalents | $336.1 | $440.5 |
| Short-term investments | 12.6 | 14.3 |
| Accounts receivable (net of allowances of $11.6 and $14.3) | 785.4 | 741.6 |
| Inventories, net | 832.9 | 740.7 |
| Other current assets | 129.7 | 84.3 |
| Assets held for sale - current | 70.5 | — |
| Total Current Assets | 2,167.2 | 2,021.4 |
| Property, Plant, and Equipment, net | 652.6 | 528.0 |
| Other Assets | ||
| Investments | 75.8 | 65.9 |
| Goodwill | 2,533.4 | 1,970.5 |
| Other intangible assets, net | 1,196.0 | 669.9 |
| Other long-term assets | 197.1 | 146.9 |
| Assets held for sale - non-current | 91.9 | — |
| TOTAL ASSETS | $6,914.0 | $5,402.6 |
| LIABILITIES AND EQUITY | ||
| Current Liabilities | ||
| Short-term debt and current portion of long-term debt | $117.4 | $4.7 |
| Accounts payable | 563.5 | 529.9 |
| Accrued salaries, wages and employee benefits | 173.6 | 144.2 |
| Accrued insurance | 79.1 | 75.6 |
| Other accrued liabilities | 365.2 | 334.1 |
| Liabilities held for sale - current | 24.6 | — |
| Total Current Liabilities | 1,323.4 | 1,088.5 |
| Long-term Debt | 2,023.2 | 1,437.9 |
| Other Non-Current Liabilities | 660.6 | 505.6 |
| Liabilities held for sale - non-current | 17.5 | — |
| TOTAL LIABILITIES | $4,024.7 | $3,032.0 |
| Commitments and Contingencies (see Note 16) | ||
| Hubbell Incorporated Shareholders’ Equity | ||
| Common stock - Authorized 200,000,000 shares, outstanding 53,730,566 and 53,689,539 shares | $0.6 | $0.6 |
| Additional paid-in capital | 6.1 | — |
| Retained earnings | 3,182.7 | 2,705.5 |
| Accumulated other comprehensive loss | (312.4) | (345.2) |
| Total Hubbell Incorporated Shareholders’ Equity | 2,877.0 | 2,360.9 |
| Noncontrolling interest | 12.3 | 9.7 |
| TOTAL EQUITY | 2,889.3 | 2,370.6 |
| TOTAL LIABILITIES AND EQUITY | $6,914.0 | $5,402.6 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.