Astec Industries, Inc. (ASTE) Financial Statements (2024 and earlier)

Company Profile

Business Address 1725 SHEPHERD ROAD
CHATTANOOGA, TN 37421
State of Incorp. TN
Fiscal Year End December 31
Industry (SIC) 3531 - Construction Machinery and Equipment (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments70143181684564
Cash and cash equivalents66134159492662
Short-term investments492219192
Receivables167144116120131115
Inventory, net of allowances, customer advances and progress billings393303250295356391
Inventory393303250295356391
Prepaid expense16209152413
Other undisclosed current assets5032118520
Total current assets:696642566506561603
Noncurrent Assets
Property, plant and equipment174172173190192190
Long-term investments and receivables151214161515
Long-term investments151214161515
Intangible assets, net (including goodwill)686170575877
Goodwill453939333346
Intangible assets, net (excluding goodwill)232331242531
Deferred income tax assets32161525
Other noncurrent assets30811622
Other undisclosed noncurrent assets     273
Total noncurrent assets:318270282294294287
TOTAL ASSETS:1,014911848800855890
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities154118849210699
Employee-related liabilities2421252423
Accounts payable1078453577160
Accrued liabilities471110101115
Deferred revenue70603443
Debt1032102
Self insurance reserve223223
Other liabilities394348343326
Customer advances and deposits49
Contract with customer, liability48
Total current liabilities:274225170173189179
Noncurrent Liabilities
Long-term debt and lease obligation78001602
Long-term debt, excluding current maturities78001602
Liabilities, other than long-term debt353135252122
Deferred tax liabilities, net12
Deferred income tax liabilities2111
Other liabilities333034242021
Total noncurrent liabilities:1143135258124
Total liabilities:388257205198270203
Equity
Equity, attributable to parent, including:627654643602585686
Common stock555555
Additional paid in capital136131128123121142
Accumulated other comprehensive loss(40)(32)(34)(32)(34)(24)
Retained earnings528553545508495565
Other undisclosed equity, attributable to parent(1)(1)(2)(2)(2)(2)
Equity, attributable to noncontrolling interest 11111
Total equity:627655643602585687
TOTAL LIABILITIES AND EQUITY:1,014911848800855890

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

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues1,2751,0971,0241,1701,1721,185
Revenue, net1,185
Cost of revenue
(Cost of Goods and Services Sold)
(1,010)(846)(784)(930)(1,036)(942)
Gross profit:264252240239136243
Operating expenses(257)(230)(197)(214)(181)(161)
Other undisclosed operating loss     (41)(27)
Operating income (loss):8224325(86)56
Nonoperating income (expense)(2)(5)3011
Investment income, nonoperating(1)(0) 0(0)1
Gain (loss), foreign currency transaction, before tax (1)    0
Other nonoperating income0 1011
Interest and debt expense(3)(1)(1)(1)(1)(1)
Other undisclosed income from continuing operations before equity method investments, income taxes   1111
Income (loss) from continuing operations before equity method investments, income taxes:3164625(86)57
Other undisclosed income from continuing operations before income taxes11    
Income (loss) from continuing operations before income taxes:4174625(86)57
Income tax expense (benefit)(5)11(3)25(20)
Income (loss) from continuing operations:(1)184722(61)38
Income (loss) before gain (loss) on sale of properties:184722(61)38
Net income (loss):(1)184722(61)38
Net income (loss) attributable to noncontrolling interest1(0) 000
Net income (loss) available to common stockholders, diluted:(0)184722(60)38

Comprehensive Income ($ in millions)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(1)184722(61)38
Other comprehensive income (loss)(8)1(2)3(10) 
Other undisclosed comprehensive income     61 
Comprehensive income (loss):(8)194525(10)38
Comprehensive income (loss), net of tax, attributable to noncontrolling interest1(0) 000
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  0  (61)7
Comprehensive income (loss), net of tax, attributable to parent:(8)194525(70)45

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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