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 thousands)

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments79,50048,50046,10069,90025,00056,400
Cash and cash equivalents73,80044,50042,50066,00020,80050,600
Short-term investments5,7004,0003,6003,9004,2005,800
Receivables174,700157,600172,200167,100160,600160,100
Inventory, net of allowances, customer advances and progress billings450,100429,500420,100393,400396,400371,100
Inventory450,100429,500420,100393,400396,400371,100
Prepaid expense17,3009,1009,10015,90018,30018,300
Other undisclosed current assets24,70031,20032,90050,10049,30055,600
Total current assets:746,300675,900680,400696,400649,600661,500
Noncurrent Assets
Property, plant and equipment181,000180,400176,700173,600163,800162,300
Long-term investments and receivables14,30017,00016,90015,10015,70014,500
Long-term investments14,30017,00016,90015,10015,70014,500
Intangible assets, net (including goodwill)62,80065,20066,80067,70067,80073,100
Goodwill45,30046,10045,60045,20043,80046,000
Intangible assets, net (excluding goodwill)17,50019,10021,20022,50024,00027,100
Deferred income tax assets34,20036,90034,70032,10028,20023,800
Other noncurrent assets35,80035,00032,90029,50019,50014,700
Total noncurrent assets:328,100334,500328,000318,000295,000288,400
TOTAL ASSETS:1,074,4001,010,4001,008,4001,014,400944,600949,900
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities175,400162,700159,000154,400186,000177,500
Employee-related liabilities34,90030,800
Accounts payable114,300109,200112,000107,200105,300104,300
Accrued liabilities61,10053,50047,00047,20045,80042,400
Deferred revenue60,60057,70067,50069,50079,30073,400
Debt7,00011,70011,0009,6009,0006,000
Self insurance reserve2,9002,1002,3001,9002,1002,200
Other liabilities36,30029,90032,20038,60042,40045,100
Other undisclosed current liabilities     (34,900)(30,800)
Total current liabilities:282,200264,100272,000274,000283,900273,400
Noncurrent Liabilities
Long-term debt and lease obligation2,4002,4002,20078,1003,0003,200
Long-term debt, excluding current maturities2,4002,4002,20078,1003,0003,200
Liabilities, other than long-term debt155,00096,40098,60035,40029,60029,400
Deferred income tax liabilities122,00062,00065,0002,1001,300100
Other liabilities33,00034,40033,60033,30028,30029,300
Total noncurrent liabilities:157,40098,800100,800113,50032,60032,600
Total liabilities:439,600362,900372,800387,500316,500306,000
Equity
Equity, attributable to parent, including:634,500647,300635,500626,900627,700643,300
Common stock4,5004,5004,5004,5004,5004,600
Additional paid in capital137,700136,400135,200135,800134,400132,600
Accumulated other comprehensive loss(44,200)(39,600)(40,100)(40,100)(46,000)(36,800)
Retained earnings537,500547,100537,000527,800535,900544,000
Other undisclosed equity, attributable to parent(1,000)(1,100)(1,100)(1,100)(1,100)(1,100)
Equity, attributable to noncontrolling interest300200100 400600
Total equity:634,800647,500635,600626,900628,100643,900
TOTAL LIABILITIES AND EQUITY:1,074,4001,010,4001,008,4001,014,400944,600949,900

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

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
Revenues303,100350,000347,900349,900315,200318,200
Cost of revenue
(Cost of Goods and Services Sold)
(233,500)(267,100)(258,700)(277,900)(249,800)(257,600)
Gross profit:69,60082,90089,20072,00065,40060,600
Operating expenses(74,800)(65,600)(71,600)(67,700)(63,600)(64,600)
Operating income (loss):(5,200)17,30017,6004,3001,800(4,000)
Nonoperating income (expense) 100400(800)(300)(300)
Other nonoperating income (expense)  100400 (300)(300)
Interest and debt expense(2,400)(2,000)(2,000)(900)(600)(600)
Income (loss) from continuing operations before equity method investments, income taxes:(7,600)15,40016,0002,600900(4,900)
Other undisclosed income from continuing operations before income taxes500500500300300200
Income (loss) from continuing operations before income taxes:(7,100)15,90016,5002,9001,200(4,700)
Income tax expense (benefit)600(2,700)(4,400)(4,200)(700)800
Income (loss) from continuing operations:(6,500)13,20012,100(1,300)500(3,900)
Income (loss) before gain (loss) on sale of properties:500(3,900)
Net income (loss):(6,500)13,20012,100(1,300)500(3,900)
Net income (loss) attributable to noncontrolling interest (100)(100) 300200 
Net income (loss) available to common stockholders, diluted:(6,600)13,10012,100(1,000)700(3,900)

Comprehensive Income ($ in thousands)

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
Net income (loss):(6,500)13,20012,100(1,300)500(3,900)
Other comprehensive income (loss)(4,600)5001005,800(9,200)(8,500)
Comprehensive income (loss):(11,100)13,70012,2004,500(8,700)(12,400)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest (100)(100)(100)400200 
Comprehensive income (loss), net of tax, attributable to parent:(11,200)13,60012,1004,900(8,500)(12,400)

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: