Applied Industrial Technologies, Inc. (AIT) Financial Statements (2024 and earlier)

Company Profile

Business Address ONE APPLIED PLAZA
CLEVELAND, OH 44115-5056
State of Incorp. OH
Fiscal Year End June 30
Industry (SIC) 508 - Machinery, Equipment, And Supplies (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
6/30/2023
12/31/2022
MRQ
6/30/2022
6/30/2021
6/30/2020
6/30/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:344166184258269108
Cash and cash equivalents    258269108
Other undisclosed cash, cash equivalents, and short-term investments344166184   
Receivables708655656516450541
Inventory, net of allowances, customer advances and progress billings501523450363389448
Inventory501523450363389448
Other current assets937969605251
Total current assets:1,6471,4221,3601,1971,1601,148
Noncurrent Assets
Operating lease, right-of-use asset1011061088791
Property, plant and equipment115113112116122124
Intangible assets, net (including goodwill)8148198148408841,031
Goodwill578572563560541662
Intangible assets, net (excluding goodwill)236247251280343369
Other noncurrent assets676359332728
Total noncurrent assets:1,0971,1011,0931,0751,1241,184
TOTAL ASSETS:2,7432,5232,4532,2722,2842,332
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities400324351286248305
Employee-related liabilities91786268
Accounts payable302250259208186237
Accrued liabilities9974    
Debt252540447949
Other liabilities11598109989969
Total current liabilities:540447500428426424
Noncurrent Liabilities
Long-term debt and lease obligation597624649785855909
Long-term debt, excluding current maturities597624649785855909
Liabilities, other than long-term debt148156154127159102
Other liabilities148156154127159102
Total noncurrent liabilities:7457808049121,0141,011
Total liabilities:1,2851,2271,3031,3391,4401,435
Equity
Equity, attributable to parent1,4581,2961,149933844897
Common stock101010101010
Treasury stock, value(478)(475)(472)(456)(414)(415)
Additional paid in capital189185184177176173
Accumulated other comprehensive loss(55)(67)(72)(93)(129)(100)
Retained earnings1,7931,6441,5001,2941,2011,229
Total equity:1,4581,2961,149933844897
TOTAL LIABILITIES AND EQUITY:2,7432,5232,4532,2722,2842,332

Income Statement (P&L) ($ in millions)

9/30/2023
TTM
6/30/2023
12/31/2022
TTM
6/30/2022
6/30/2021
6/30/2020
6/30/2019
Revenues4,4134,1653,8113,2363,2463,473
Cost of revenue
(Cost of Goods and Services Sold)
(3,126)(2,956)(2,704)(2,300)(2,308)(2,465)
Gross profit:1,2871,2091,1079369381,008
Operating expenses(814)(785)(749)(730)(849)(774)
Operating income:47342435820589234
Nonoperating income (expense)1(4)(1)241
Investment income, nonoperating 3 1011
Other nonoperating income (expense)(2)(2)(2)231
Interest and debt expense (25) (27)(31)(37)(41)
Other undisclosed loss from continuing operations before equity method investments, income taxes (27)    
Income from continuing operations before equity method investments, income taxes:45039333017755194
Other undisclosed income from continuing operations before income taxes 2    
Income from continuing operations before income taxes:45039533017755194
Income tax expense(103)(90)(72)(32)(31)(50)
Income from continuing operations:34730525714524144
Income before gain (loss) on sale of properties:22425714524144
Net income available to common stockholders, diluted:34730525714524144

Comprehensive Income ($ in millions)

9/30/2023
TTM
6/30/2023
12/31/2022
TTM
6/30/2022
6/30/2021
6/30/2020
6/30/2019
Net income:34730525714524144
Other comprehensive income (loss)17262136(30)(10)
Comprehensive income (loss), net of tax, attributable to parent:364330278181(6)134

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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