MGP INGREDIENTS INC
For the period ended Dec 31, 2023. Filed Feb 22, 2024.
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FY2023 · Filed Feb 22, 2024
MGPI$17.12-0.5%Stored close · as of Oct 30, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets - December 31, 2023 and 2022
CONSOLIDATED BALANCE SHEETS
(Dollars in thousands, except share amounts and par value)
| December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Current Assets | ||
| Cash and cash equivalents | $18,388 | $47,889 |
| Receivables (less allowance for credit loss of $1,475 at both December 31, 2023 and 2022) | 144,286 | 109,267 |
| Inventory | 346,853 | 289,722 |
| Prepaid expenses | 3,580 | 2,957 |
| Refundable income taxes | 1,190 | 4,327 |
| Total current assets | 514,297 | 454,162 |
| Property, plant, and equipment, net | 262,303 | 235,632 |
| Operating lease right-of-use assets, net | 13,975 | 15,042 |
| Investment in joint venture | 5,197 | 5,534 |
| Intangible assets, net | 271,706 | 216,768 |
| Goodwill | 321,544 | 226,294 |
| Other assets | 3,326 | 4,779 |
| Total assets | $1,392,348 | $1,158,211 |
| Current Liabilities | ||
| Current maturities of long-term debt | $6,400 | $5,600 |
| Accounts payable | 73,594 | 66,432 |
| Federal and state excise taxes payable | 2,251 | 4,627 |
| Accrued expenses and other | 31,861 | 28,716 |
| Total current liabilities | 114,106 | 105,375 |
| Long-term debt, less current maturities | 85,305 | 29,510 |
| Convertible senior notes | 195,544 | 195,225 |
| Long-term operating lease liabilities | 11,292 | 11,622 |
| Contingent consideration | 69,200 | — |
| Other noncurrent liabilities | 4,763 | 3,723 |
| Deferred income taxes | 63,071 | 67,112 |
| Total liabilities | 543,281 | 412,567 |
| Stockholders’ Equity | ||
| Capital stock | ||
| Preferred, 5% non-cumulative; $10 par value; authorized 1,000 shares; issued and outstanding 437 shares | 4 | 4 |
| Common stock | ||
| No par value; authorized 40,000,000 shares; issued 23,125,166 shares at December 31, 2023 and 2022; 22,016,113 and 21,994,042 shares outstanding at December 31, 2023 and 2022, respectively | 6,715 | 6,715 |
| Additional paid-in capital | 325,453 | 318,839 |
| Retained earnings | 539,883 | 443,061 |
| Accumulated other comprehensive income | (397) | (304) |
| Treasury stock, at cost, 1,109,053 and 1,131,124 shares at December 31, 2023 and 2022, respectively | (21,166) | (21,591) |
| Total MGP Ingredients, Inc. stockholders equity | 850,492 | 746,724 |
| Noncontrolling interest | (1,425) | (1,080) |
| Total equity | 849,067 | 745,644 |
| Total liabilities and equity | $1,392,348 | $1,158,211 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.