NATURES SUNSHINE PRODUCTS INC

For the period ended Dec 31, 2023. Filed Mar 12, 2024.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Mar 12, 2024

NATR$10.93-0.8%Stored close · as of Nov 10, 2026

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Contents

CONSOLIDATED BALANCE SHEETS AS OF DECEMBER 31, 202 AND

CONSOLIDATED BALANCE SHEETS

As of December 31,	2023	2022
Assets
Current assets:
Cash and cash equivalents	$82,373	$60,032
Accounts receivable, net of allowance for doubtful accounts of $142 and $120, respectively	8,827	14,106
Inventories	66,895	67,949
Prepaid expenses and other	7,722	7,420
Total current assets	165,817	149,507
Property, plant and equipment, net	45,000	46,162
Operating lease right-of-use assets	13,361	16,145
Restricted investment securities - trading	747	702
Deferred income tax assets	15,064	6,859
Other assets	9,784	10,403
	$249,773	$229,778
Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable	$7,910	$6,349
Accrued volume incentives and service fees	22,922	21,830
Accrued liabilities	33,162	25,591
Deferred revenue	1,794	2,255
Current installments of long-term debt and revolving credit facility	—	1,174
Income taxes payable	6,418	4,117
Current portion of operating lease liabilities	4,547	4,266
Total current liabilities	76,753	65,582
Liability related to unrecognized tax benefits	312	209
Long-term portion of operating lease liabilities	10,376	13,745
Deferred compensation payable	747	702
Long-term deferred income tax liabilities	1,401	1,439
Other liabilities	644	1,054
Total liabilities	90,233	82,731
Shareholders’ equity:
Common stock, no par value; 50,000 shares authorized, 18,875 and 19,093 shares issued and outstanding as of December 31, 2023, and 2022, respectively	119,694	121,583
Retained earnings	49,711	34,635
Noncontrolling interests	5,482	4,142
Accumulated other comprehensive loss	(15,347)	(13,313)
Total shareholders’ equity	159,540	147,047
	$249,773	$229,778

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.