Knife River Corp
For the period ended Dec 31, 2023. Filed Feb 27, 2024.
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FY2023 · Filed Feb 27, 2024
KNF$58.94+4.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
| December 31, | 2023 | 2022 |
|---|---|---|
| (In thousands, except shares and per share amounts) | ||
| Assets | ||
| Current assets: | ||
| Cash, cash equivalents and restricted cash | $262,320 | $10,090 |
| Receivables, net | 266,785 | 210,157 |
| Costs and estimated earnings in excess of billings on uncompleted contracts | 27,293 | 31,145 |
| Due from related-party | — | 16,050 |
| Inventories | 319,623 | 323,277 |
| Prepayments and other current assets | 37,522 | 17,848 |
| Total current assets | 913,543 | 608,567 |
| Noncurrent assets: | ||
| Net property, plant and equipment | 1,315,047 | 1,315,213 |
| Goodwill | 274,478 | 274,540 |
| Other intangible assets, net | 10,821 | 13,430 |
| Operating lease right-of-use assets | 44,706 | 45,873 |
| Investments and other | 41,218 | 36,696 |
| Total noncurrent assets | 1,686,270 | 1,685,752 |
| Total assets | $2,599,813 | $2,294,319 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Long-term debt - current portion | $7,082 | $211 |
| Related-party notes payable - current portion | — | 238,000 |
| Accounts payable | 107,656 | 87,370 |
| Billings in excess of costs and estimated earnings on uncompleted contracts | 51,376 | 39,843 |
| Accrued compensation | 48,098 | 29,192 |
| Due to related-party | — | 20,286 |
| Current operating lease liabilities | 12,948 | 13,210 |
| Other accrued liabilities | 120,111 | 88,778 |
| Total current liabilities | 347,271 | 516,890 |
| Noncurrent liabilities: | ||
| Long-term debt | 674,577 | 427 |
| Related-party notes payable | — | 446,449 |
| Deferred income taxes | 174,542 | 175,804 |
| Noncurrent operating lease liabilities | 31,758 | 32,663 |
| Other | 105,653 | 93,497 |
| Total liabilities | 1,333,801 | 1,265,730 |
| Commitments and contingencies | ||
| Stockholders’ equity: | ||
| Common stock, 300,000,000 shares authorized, $0.01 par value, 57,009,542 shares issued and 56,578,406 shares outstanding at December 31, 2023; 80,000 shares authorized, issued and outstanding, $10 par value, at December 31, 2022 | 570 | 800 |
| Other paid-in capital | 614,513 | 549,106 |
| Retained earnings | 665,874 | 494,661 |
| MDU Resources common stock held by subsidiary at cost - 538,921 shares | — | (3,626) |
| Treasury stock held at cost - 431,136 shares | (3,626) | — |
| Accumulated other comprehensive loss | (11,319) | (12,352) |
| Total stockholders’ equity | 1,266,012 | 1,028,589 |
| Total liabilities and stockholders’ equity | $2,599,813 | $2,294,319 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.