Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Sep. 30, 2022
Current assets:    
Cash and cash equivalents $ 42,101 $ 69,016
Accounts receivable, net of allowance for doubtful accounts of $10,784 and $10,138, respectively 207,526 221,015
Inventories 260,409 225,440
Restricted cash, current 0 2,398
Contract assets 74,646 48,210
Other current assets 63,575 62,537
Total current assets 648,257 628,616
Investments 24,988 25,976
Property, plant and equipment, net 270,326 256,065
Operating lease right-of-use-assets 71,629 71,974
Deferred income taxes 2,269 3,610
Goodwill 698,109 675,421
Other intangible assets, net 160,478 202,154
Other assets 11,325 18,955
Total assets 1,887,381 1,882,771
Current liabilities:    
Long-term debt, current maturities 3,696 3,277
Current portion of operating lease liabilities 23,983 22,869
Trade accounts payable 114,316 121,359
Accrued compensation 58,872 58,272
Accrued income taxes 12,561 9,277
Contract liabilities 36,935 31,871
Other current liabilities 144,237 164,450
Total current liabilities 394,600 411,375
Long-term debt 786,484 795,291
Operating lease liabilities 50,189 51,445
Deferred income taxes 71,255 92,589
Other liabilities 59,572 44,995
Total liabilities 1,362,100 1,395,695
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 168,211 160,255
Retained earnings 714,727 706,749
Accumulated other comprehensive loss (174,404) (190,191)
Treasury stock, 5,864,778 and 6,035,940 shares, respectively, at cost (219,200) (225,795)
Total shareholders' equity-Matthews 525,668 487,352
Noncontrolling interests (387) (276)
Total shareholders' equity 525,281 487,076
Total liabilities and shareholders' equity $ 1,887,381 $ 1,882,771