Ultra Clean Holdings Inc
For the period ended Sep 27, 2024. Filed Oct 30, 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.
Sep 27, 2024 · Filed Oct 30, 2024
UCTT$41.13+10.6%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
| September 27,2024 | December 29,2023 | |
|---|---|---|
| (In millions, except par value) | ||
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $318.2 | $307.0 |
| Accounts receivable, net of allowance for credit losses of $2.1 and $1.0 at September 27, 2024 and December 29, 2023, respectively | 228.1 | 180.8 |
| Inventories | 402.6 | 374.5 |
| Prepaid expenses and other current assets | 36.9 | 30.9 |
| Total current assets | 985.8 | 893.2 |
| Property, plant and equipment, net | 327.7 | 328.3 |
| Goodwill | 265.3 | 265.2 |
| Intangible assets, net | 192.4 | 215.3 |
| Deferred tax assets, net | 3.6 | 3.1 |
| Operating lease right-of-use assets | 162.2 | 151.7 |
| Other non-current assets | 10.5 | 10.9 |
| Total assets | $1,947.5 | $1,867.7 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Bank borrowings | $16.4 | $17.6 |
| Accounts payable | 233.2 | 192.9 |
| Accrued compensation and related benefits | 47.9 | 47.7 |
| Operating lease liabilities | 19.0 | 18.1 |
| Other current liabilities | 42.3 | 33.7 |
| Total current liabilities | 358.8 | 310.0 |
| Bank borrowings, net of current portion | 475.8 | 461.2 |
| Deferred tax liabilities | 18.9 | 19.0 |
| Operating lease liabilities | 155.6 | 143.0 |
| Other liabilities | 16.0 | 37.3 |
| Total liabilities | 1,025.1 | 970.5 |
| Commitments and contingencies (See Note 9) | ||
| Equity: | ||
| UCT stockholders’ equity: | ||
| Preferred stock — $0.001 par value, 10.0 shares authorized; none outstanding | — | — |
| Common stock — $0.001 par value, 90.0 shares authorized; 46.6 and 46.1 shares issued and 45.1 and 44.6 shares outstanding at September 27, 2024 and December 29, 2023, respectively | 0.1 | 0.1 |
| Additional paid-in capital | 552.6 | 541.5 |
| Common shares held in treasury, at cost, 1.5 and 1.5 shares at September 27, 2024 and December 29, 2023, respectively | (45.0) | (45.0) |
| Retained earnings | 354.1 | 346.7 |
| Accumulated other comprehensive loss | (3.9) | (4.4) |
| Total UCT stockholders' equity | 857.9 | 838.9 |
| Noncontrolling interests | 64.5 | 58.3 |
| Total equity | 922.4 | 897.2 |
| Total liabilities and equity | $1,947.5 | $1,867.7 |
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