Gates Industrial Corp plc
For the period ended Dec 30, 2023. Filed Feb 8, 2024.
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FY2023 · Filed Feb 8, 2024
GTES$25.09-0.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets as of December 30, 2023 and
Consolidated Balance Sheets
| (dollars in millions, except share numbers and per share amounts) | As ofDecember 30, 2023 | As ofDecember 31, 2022 |
|---|---|---|
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $720.6 | $578.4 |
| Trade accounts receivable, net | 768.2 | 808.6 |
| Inventories | 647.2 | 656.2 |
| Taxes receivable | 30.4 | 13.0 |
| Prepaid expenses and other assets | 234.9 | 221.2 |
| Total current assets | 2,401.3 | 2,277.4 |
| Non-current assets | ||
| Property, plant and equipment, net | 630.0 | 637.5 |
| Goodwill | 2,038.7 | 1,981.1 |
| Pension surplus | 8.6 | 10.1 |
| Intangible assets, net | 1,386.1 | 1,490.4 |
| Right-of-use assets | 120.1 | 132.2 |
| Taxes receivable | 18.5 | 15.1 |
| Deferred income taxes | 622.4 | 600.3 |
| Other non-current assets | 28.8 | 47.5 |
| Total assets | $7,254.5 | $7,191.6 |
| Liabilities and equity | ||
| Current liabilities | ||
| Debt, current portion | $36.5 | $36.6 |
| Trade accounts payable | 457.7 | 469.6 |
| Taxes payable | 36.6 | 23.5 |
| Accrued expenses and other current liabilities | 248.5 | 222.6 |
| Total current liabilities | 779.3 | 752.3 |
| Non-current liabilities | ||
| Debt, less current portion | 2,415.0 | 2,426.4 |
| Post-retirement benefit obligations | 83.8 | 76.2 |
| Lease liabilities | 110.6 | 121.9 |
| Taxes payable | 79.4 | 79.5 |
| Deferred income taxes | 119.4 | 192.0 |
| Other non-current liabilities | 123.1 | 99.7 |
| Total liabilities | 3,710.6 | 3,748.0 |
| Commitments and contingencies (Note 22) | ||
| Shareholders’ equity | ||
| —Shares, par value of $0.01 each - authorized shares: 3,000,000,000; outstanding shares: 264,259,788 (December 31, 2022: authorized shares: 3,000,000,000; outstanding shares: 282,578,917) | 2.6 | 2.8 |
| —Additional paid-in capital | 2,583.8 | 2,542.1 |
| —Accumulated other comprehensive loss | (828.5) | (917.8) |
| —Retained earnings | 1,462.3 | 1,482.9 |
| Total shareholders’ equity | 3,220.2 | 3,110.0 |
| Non-controlling interests | 323.7 | 333.6 |
| Total equity | 3,543.9 | 3,443.6 |
| Total liabilities and equity | $7,254.5 | $7,191.6 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.