Knife River Corp

For the period ended Dec 31, 2024. Filed Feb 21, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 21, 2025

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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Contents

Consolidated Balance Sheets

Index

Consolidated Balance Sheets

December 31,	2024	2023
(In thousands, except shares and per share amounts)
Assets
Current assets:
Cash, cash equivalents and restricted cash	$281,134	$262,320
Receivables, net	267,240	266,785
Costs and estimated earnings in excess of billings on uncompleted contracts	31,283	27,293
Inventories	380,336	319,623
Prepayments and other current assets	27,675	37,522
Total current assets	987,668	913,543
Noncurrent assets:
Net property, plant and equipment	1,441,700	1,315,047
Goodwill	297,225	274,478
Other intangible assets, net	29,414	10,821
Operating lease right-of-use assets	49,378	44,706
Investments and other	45,817	41,218
Total noncurrent assets	1,863,534	1,686,270
Total assets	$2,851,202	$2,599,813
Liabilities and Stockholders’ Equity
Current liabilities:
Long-term debt - current portion	$10,475	$7,082
Accounts payable	140,834	107,656
Billings in excess of costs and estimated earnings on uncompleted contracts	42,126	51,376
Accrued compensation	50,655	48,098
Current operating lease liabilities	14,844	12,948
Other taxes payable	8,286	9,300
Accrued interest	5,535	7,247
Other accrued liabilities	97,282	103,564
Total current liabilities	370,037	347,271
Noncurrent liabilities:
Long-term debt	666,911	674,577
Deferred income taxes	174,727	174,542
Noncurrent operating lease liabilities	34,534	31,758
Other	128,908	105,653
Total liabilities	1,375,117	1,333,801
Commitments and contingencies
Stockholders’ equity:
Common stock, 300,000,000 shares authorized, $0.01 par value, 57,043,841 shares issued and 56,612,705 shares outstanding at December 31, 2024; 57,009,542 shares issued and 56,578,406 shares outstanding at December 31, 2023	570	570
Other paid-in capital	620,897	614,513
Retained earnings	867,546	665,874
Treasury stock held at cost - 431,136 shares	(3,626)	(3,626)
Accumulated other comprehensive loss	(9,302)	(11,319)
Total stockholders’ equity	1,476,085	1,266,012
Total liabilities and stockholders’ equity	$2,851,202	$2,599,813

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.