MGP INGREDIENTS INC
For the period ended Dec 31, 2024. Filed Feb 26, 2025.
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FY2024 · Filed Feb 26, 2025
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, 2024 and 2023
CONSOLIDATED BALANCE SHEETS
(Dollars in thousands, except share amounts and par value)
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Current Assets | ||
| Cash and cash equivalents | $25,273 | $18,388 |
| Receivables (less allowance for credit loss of $1,875 and $1,475 at December 31, 2024 and 2023, respectively | 148,488 | 144,286 |
| Inventory | 364,944 | 346,853 |
| Prepaid expenses | 3,983 | 3,580 |
| Refundable income taxes | 3,448 | 1,190 |
| Total current assets | 546,136 | 514,297 |
| Property, plant, and equipment, net | 316,672 | 262,303 |
| Operating lease right-of-use assets, net | 15,540 | 13,975 |
| Investment in joint venture | 7,024 | 5,197 |
| Intangible assets, net | 268,451 | 271,706 |
| Goodwill | 247,789 | 321,544 |
| Other assets | 4,173 | 3,326 |
| Total assets | $1,405,785 | $1,392,348 |
| Current Liabilities | ||
| Current maturities of long-term debt | $6,400 | $6,400 |
| Accounts payable | 66,336 | 73,594 |
| Federal and state excise taxes payable | 5,358 | 2,251 |
| Accrued expenses and other | 14,356 | 31,861 |
| Total current liabilities | 92,450 | 114,106 |
| Long-term debt, less current maturities | 121,277 | 85,305 |
| Convertible senior notes | 195,864 | 195,544 |
| Long-term operating lease liabilities | 11,940 | 11,292 |
| Contingent consideration | 85,300 | 69,200 |
| Other noncurrent liabilities | 2,981 | 4,763 |
| Deferred income taxes | 63,430 | 63,071 |
| Total liabilities | 573,242 | 543,281 |
| 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, 2024 and 2023; 21,194,707 and 22,016,113 shares outstanding at December 31, 2024 and 2023, respectively | 6,715 | 6,715 |
| Additional paid-in capital | 332,195 | 325,453 |
| Retained earnings | 563,929 | 539,883 |
| Accumulated other comprehensive loss | (658) | (397) |
| Treasury stock, at cost, 1,930,459 and 1,109,053 shares at December 31, 2024 and 2023, respectively | (68,019) | (21,166) |
| Total MGP Ingredients, Inc. stockholders equity | 834,166 | 850,492 |
| Noncontrolling interest | (1,623) | (1,425) |
| Total equity | 832,543 | 849,067 |
| Total liabilities and equity | $1,405,785 | $1,392,348 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.