Fortrea Holdings Inc
For the period ended Dec 31, 2024. Filed Mar 3, 2025.
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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 Mar 3, 2025
FTRE$21.39-3.8%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
CONSOLIDATED BALANCE SHEETS
| December 31,2024 | December 31,2023 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $118.5 | $108.6 |
| Accounts receivable and unbilled services, net | 659.5 | 988.5 |
| Prepaid expenses and other | 170.2 | 84.6 |
| Current assets of discontinued operations | — | 69.1 |
| Total current assets | 948.2 | 1,250.8 |
| Property, plant and equipment, net | 156.3 | 172.6 |
| Goodwill, net | 1,710.4 | 1,739.4 |
| Intangible assets, net | 655.7 | 728.1 |
| Deferred income taxes | 5.2 | 3.2 |
| Other assets, net | 103.4 | 69.7 |
| Long-term assets of discontinued operations | — | 368.8 |
| Total assets | $3,579.2 | $4,332.6 |
| LIABILITIES AND EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $138.2 | $132.9 |
| Accrued expenses and other current liabilities | 369.8 | 335.5 |
| Unearned revenue | 353.3 | 214.2 |
| Current portion of long-term debt | 74.8 | 26.1 |
| Short-term operating lease liabilities | 13.4 | 17.2 |
| Current liabilities of discontinued operations | — | 52.5 |
| Total current liabilities | 949.5 | 778.4 |
| Long-term debt, less current portion | 1,049.7 | 1,565.9 |
| Operating lease liabilities | 60.6 | 62.8 |
| Deferred income taxes and other tax liabilities | 121.7 | 147.7 |
| Other liabilities | 35.3 | 32.1 |
| Long-term liabilities of discontinued operations | — | 31.6 |
| Total liabilities | 2,216.8 | 2,618.5 |
| Commitments and contingent liabilities (Note 16) | ||
| Equity: | ||
| Common stock, 89.7 and 88.8 shares outstanding at December 31, 2024 and December 31, 2023, respectively | 0.1 | 0.1 |
| Additional paid-in capital | 2,042.2 | 1,998.0 |
| Accumulated deficit | (397.0) | (68.5) |
| Accumulated other comprehensive loss | (282.9) | (215.5) |
| Total equity | 1,362.4 | 1,714.1 |
| Total liabilities and equity | $3,579.2 | $4,332.6 |
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