KLX Energy Services Holdings Inc
For the period ended Dec 31, 2023. Filed Mar 8, 2024.
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FY2023 · Filed Mar 8, 2024
KLXE$1.12+0.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Balance Sheets
(In millions of U.S. dollars and shares, except per share data)
| As of December 31 | ||
|---|---|---|
| 2023 | 2022 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $112.5 | $57.4 |
| Accounts receivable–trade, net of allowance of $5.5 and $5.7 | 127.0 | 154.3 |
| Inventories, net | 33.5 | 25.7 |
| Prepaid expenses and other current assets | 17.3 | 17.3 |
| Total current assets | 290.3 | 254.7 |
| Property and equipment, net(1) | 220.6 | 168.1 |
| Operating lease assets | 22.3 | 37.4 |
| Intangible assets, net | 1.8 | 2.1 |
| Other assets | 4.8 | 3.6 |
| Total assets | $539.8 | $465.9 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $87.9 | $84.2 |
| Accrued interest | 4.6 | 4.8 |
| Accrued liabilities | 42.7 | 41.0 |
| Current portion of operating lease liabilities | 6.9 | 14.2 |
| Current portion of finance lease liabilities | 22.0 | 10.2 |
| Total current liabilities | 164.1 | 154.4 |
| Long-term debt | 284.3 | 283.4 |
| Long-term operating lease liabilities | 16.0 | 22.8 |
| Long-term finance lease liabilities | 36.2 | 20.3 |
| Other non-current liabilities | 0.4 | 0.8 |
| Commitments, contingencies and off-balance sheet arrangements (Note 10) | ||
| Stockholders’ equity: | ||
| Common Stock, $0.01 par value; 110.0 authorized; 16.9 and 14.3 issued | 0.1 | 0.1 |
| Additional paid-in capital | 553.4 | 517.3 |
| Treasury stock, at cost, 0.4 shares and 0.4 shares | (5.3) | (4.6) |
| Accumulated deficit | (509.4) | (528.6) |
| Total stockholders’ equity (deficit) | 38.8 | (15.8) |
| Total liabilities and stockholders' equity | $539.8 | $465.9 |
(1) Includes right-of-use ("ROU") assets - finance leases. See Note 5 - Property and Equipment, Net and Note 8 - Leases.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.