Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Sep. 30, 2023
Current assets:    
Cash and cash equivalents $ 40,816 $ 42,101
Accounts receivable, net of allowance for doubtful accounts of $12,055 and $10,784, respectively 205,984 207,526
Inventories 237,888 260,409
Contract assets 92,969 74,646
Other current assets 54,886 63,575
Total current assets 632,543 648,257
Investments 23,076 24,988
Property, plant and equipment, net 279,499 270,326
Operating lease right-of-use-assets 60,499 71,629
Deferred income taxes 6,548 2,269
Goodwill 697,123 698,109
Other intangible assets, net 126,026 160,478
Other assets 9,576 11,325
Total assets 1,834,890 1,887,381
Current liabilities:    
Long-term debt, current maturities 6,853 3,696
Current portion of operating lease liabilities 22,617 23,983
Trade accounts payable 108,362 114,316
Accrued rebates 23,766 22,349
Accrued compensation 88,781 58,872
Accrued income taxes 7,522 12,561
Contract liabilities 28,723 36,935
Other current liabilities 148,151 121,888
Total current liabilities 434,775 394,600
Long-term debt 769,614 786,484
Operating lease liabilities 40,073 50,189
Deferred income taxes 45,688 71,255
Other liabilities 107,534 59,572
Total liabilities 1,397,684 1,362,100
Shareholders' equity-Matthews:    
Class A common stock, $1.00 par value; authorized 70,000,000 shares; 36,333,992 shares issued 36,334 36,334
Preferred stock, $100 par value, authorized 10,000 shares, none issued 0 0
Additional paid-in capital 159,497 168,211
Retained earnings 623,063 714,727
Accumulated other comprehensive loss (168,742) (174,404)
Treasury stock, 5,731,499 and 5,864,778 shares, respectively, at cost (212,994) (219,200)
Total shareholders' equity-Matthews 437,158 525,668
Noncontrolling interests 48 (387)
Total shareholders' equity 437,206 525,281
Total liabilities and shareholders' equity $ 1,834,890 $ 1,887,381