Veralto Corp
For the period ended Mar 29, 2024. Filed Apr 24, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 29, 2024 · Filed Apr 24, 2024
VLTO$118.06+0.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Financial Statements
CONSOLIDATED CONDENSED BALANCE SHEETS
($ in millions, except per share amount)
| March 29, 2024 | December 31, 2023 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $827 | $762 |
| Trade accounts receivable, less allowance for doubtful accounts of $35 and $36, respectively | 815 | 826 |
| Inventories: | ||
| Finished goods | 132 | 126 |
| Work in process | 43 | 42 |
| Raw materials | 133 | 129 |
| Total inventories | 308 | 297 |
| Prepaid expenses and other current assets | 167 | 188 |
| Total current assets | 2,117 | 2,073 |
| Property, plant and equipment, net of accumulated depreciation of $474 and $472, respectively | 264 | 262 |
| Other long-term assets | 415 | 398 |
| Goodwill | 2,499 | 2,533 |
| Other intangible assets, net | 413 | 427 |
| Total assets | $5,708 | $5,693 |
| LIABILITIES AND EQUITY | ||
| Current liabilities: | ||
| Trade accounts payable | $402 | $431 |
| Accrued expenses and other liabilities | 754 | 834 |
| Total current liabilities | 1,156 | 1,265 |
| Other long-term liabilities | 446 | 410 |
| Long-term debt | 2,618 | 2,629 |
| Equity: | ||
| Preferred stock - $0.01 par value, as of March 29, 2024 and December 31, 2023, 15 million shares authorized as of both dates; and 0 shares issued and outstanding as of both dates | — | — |
| Common stock - $0.01 par value, as of March 29, 2024 and December 31, 2023, 1.0 billion shares authorized as of both dates; and 246.8 million and 246.4 million shares issued and outstanding, respectively | 2 | 2 |
| Additional paid-in capital | 2,121 | 2,157 |
| Retained earnings | 340 | 178 |
| Accumulated other comprehensive income (loss) | (981) | (954) |
| Total Veralto equity | 1,482 | 1,383 |
| Noncontrolling interests | 6 | 6 |
| Total equity | 1,488 | 1,389 |
| Total liabilities and equity | $5,708 | $5,693 |
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