American Vanguard Corporation (AVD) Financial Statements (2024 and earlier)

Company Profile

Business Address 4695 MACARTHUR COURT
NEWPORT BEACH, CA 92660
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 287 - Agricultural Chemicals (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments11,41620,32816,28515,9236,5816,168
Cash and cash equivalents11,41620,32816,28515,9236,5816,168
Receivables194,793168,199158,921141,519153,024134,029
Inventory, net of allowances, customer advances and progress billings219,551184,190154,306163,784163,313159,895
Inventory219,551184,190154,306163,784163,313159,895
Prepaid expense6,26115,85012,48810,49910,45710,096
Other undisclosed current assets     2,824 
Total current assets:432,021388,567342,000331,725336,199310,188
Noncurrent Assets
Operating lease, right-of-use asset22,41724,25025,38612,19811,258✕
Property, plant and equipment74,56070,91266,11165,38256,52149,252
Intangible assets, net (including goodwill)223,707231,674244,101249,622244,934212,373
Goodwill51,19947,01046,26052,10846,55725,790
Intangible assets, net (excluding goodwill)172,508184,664197,841197,514198,377186,583
Deferred income tax assets2,8491412702,764 ✕
Other noncurrent assets11,99410,76916,29218,60221,18621,774
Total noncurrent assets:335,527337,746352,160348,568333,899283,399
TOTAL ASSETS:767,548726,313694,160680,293670,098593,587
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities136,909129,743133,391104,694112,580107,914
Taxes payable✕✕✕3,006  4,030
Accounts payable68,83369,00067,14059,25364,88166,535
Accrued liabilities68,07660,74363,24545,44147,69937,349
Deferred revenue   63,06443,6116,826✕
Debt     4,904 
Other liabilities   8022,6471,5131,609
Contract with customer, liability✕✕✕✕✕✕20,043
Other undisclosed current liabilities93,586136,85825,80420,37212,81515,962
Total current liabilities:230,495266,601223,061171,324138,638145,528
Noncurrent Liabilities
Long-term debt and lease obligation138,90051,47773,020115,619155,26996,671
Long-term debt, excluding current maturities138,90051,47752,240107,442148,76696,671
Liabilities, other than long-term debt28,14338,25625,34132,61414,68022,158
Asset retirement obligations     1,790 
Deferred tax liabilities, net✕✕✕✕✕✕15,363
Deferred income tax liabilities7,89214,59720,00623,560 ✕
Other liabilities3,1384,1675,3359,05412,8906,795
Operating lease, liability17,11319,49220,7808,1776,503✕
Other undisclosed noncurrent liabilities     17,355 
Total noncurrent liabilities:167,04389,73398,361148,233187,304118,829
Total liabilities:397,538356,334321,422319,557325,942264,357
Equity
Equity, attributable to parent370,010369,979372,738360,736344,156329,230
Common stock3,4673,4443,4263,3943,3243,276
Treasury stock, value(71,201)(55,662)(22,739)(18,160)(18,160)(15,556)
Additional paid in capital110,810105,634101,45096,64290,57283,177
Accumulated other comprehensive loss(5,963)(12,182)(13,784)(9,322)(5,698)(4,507)
Retained earnings332,897328,745304,385288,182274,118262,840
Total equity:370,010369,979372,738360,736344,156329,230
TOTAL LIABILITIES AND EQUITY:767,548726,313694,160680,293670,098593,587

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues579,371609,615556,872458,704468,186454,272
Cost of revenue(400,207)(368,263)(343,629)(286,114)(290,832)(271,641)
Gross profit:179,164241,352213,243172,590177,354182,631
Operating expenses(155,869)(200,701)(182,468)(154,339)(151,133)(143,610)
Other undisclosed operating income   1714,657  
Operating income:23,29540,65130,94622,90826,22139,021
Interest and debt expense(12,639)(3,954)(3,687)(5,178)(7,209)(4,024)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(359)(732)(118)717 (1,401)
Income from continuing operations before equity method investments, income taxes:10,29735,96527,14118,44719,01233,596
Loss from equity method investments   (388)(125)(209)(389)
Other undisclosed income from continuing operations before income taxes      
Income from continuing operations before income taxes:10,29735,96526,75318,32218,80333,207
Income tax expense(2,778)(8,561)(8,166)(3,080)(5,202)(9,145)
Income from continuing operations:7,51927,40418,58715,24213,60124,062
Income before gain (loss) on sale of properties:✕✕✕18,58715,24213,60124,062
Net income:7,51927,40418,58715,24213,60124,062
Net income attributable to noncontrolling interest      133
Net income available to common stockholders, diluted:7,51927,40418,58715,24213,60124,195

Comprehensive Income ($ in thousands)
Annual | Quarterly

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:7,51927,40418,58715,24213,60124,062
Other comprehensive income (loss)0245(76)   
Other undisclosed comprehensive income (loss)6,2191,357(4,386)(3,624)(1,191) 
Comprehensive income:13,73829,00614,12511,61812,41024,062
Comprehensive income, net of tax, attributable to noncontrolling interest      133
Comprehensive income, net of tax, attributable to parent:13,73829,00614,12511,61812,41024,195

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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