Gates Industrial Corp plc
For the period ended Dec 28, 2024. Filed Feb 6, 2025.
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FY2024 · Filed Feb 6, 2025
GTES$25.09-0.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets as of December , 202 and
Consolidated Balance Sheets
| (dollars in millions, except share numbers and per share amounts) | As ofDecember 28, 2024 | As ofDecember 30, 2023 |
|---|---|---|
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $682.0 | $720.6 |
| Trade accounts receivable, net | 722.7 | 768.2 |
| Inventories | 676.0 | 647.2 |
| Taxes receivable | 28.6 | 30.4 |
| Prepaid expenses and other assets | 196.7 | 234.9 |
| Total current assets | 2,306.0 | 2,401.3 |
| Non-current assets | ||
| Property, plant and equipment, net | 579.5 | 630.0 |
| Goodwill | 1,908.9 | 2,038.7 |
| Pension surplus | 5.7 | 8.6 |
| Intangible assets, net | 1,248.6 | 1,386.1 |
| Right-of-use assets | 139.4 | 120.1 |
| Taxes receivable | 20.7 | 18.5 |
| Deferred income taxes | 553.5 | 622.4 |
| Other non-current assets | 24.0 | 28.8 |
| Total assets | $6,786.3 | $7,254.5 |
| Liabilities and equity | ||
| Current liabilities | ||
| Debt, current portion | $39.1 | $36.5 |
| Trade accounts payable | 408.2 | 457.7 |
| Taxes payable | 22.9 | 36.6 |
| Accrued expenses and other current liabilities | 251.3 | 248.5 |
| Total current liabilities | 721.5 | 779.3 |
| Non-current liabilities | ||
| Debt, less current portion | 2,311.5 | 2,415.0 |
| Post-retirement benefit obligations | 78.0 | 83.8 |
| Lease liabilities | 127.3 | 110.6 |
| Taxes payable | 82.2 | 79.4 |
| Deferred income taxes | 56.8 | 119.4 |
| Other non-current liabilities | 68.7 | 123.1 |
| Total liabilities | 3,446.0 | 3,710.6 |
| Commitments and contingencies (Note 22) | ||
| Shareholders’ equity | ||
| —Shares, par value of $0.01 each - authorized shares: 3,000,000,000; outstanding shares: 255,203,987 (December 30, 2023: authorized shares: 3,000,000,000; outstanding shares: 264,259,788) | 2.6 | 2.6 |
| —Additional paid-in capital | 2,618.6 | 2,583.8 |
| —Accumulated other comprehensive loss | (1,077.2) | (828.5) |
| —Retained earnings | 1,479.6 | 1,462.3 |
| Total shareholders’ equity | 3,023.6 | 3,220.2 |
| Non-controlling interests | 316.7 | 323.7 |
| Total equity | 3,340.3 | 3,543.9 |
| Total liabilities and equity | $6,786.3 | $7,254.5 |
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