The AZEK Company Inc. (AZEK) Financial Statements (2024 and earlier)

Company Profile

Business Address 1330 W FULTON STREET, #350
CHICAGO, IL 60607
State of Incorp. DE
Fiscal Year End September 30
Industry (SIC) 3089 - Plastics Products, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2023
Q4
6/30/2023
Q3
3/31/2023
Q2
12/31/2022
Q1
9/30/2022
Q4
6/30/2022
Q3
3/31/2022
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments244,597126,25986,865120,817159,62125,812
Cash and cash equivalents244,597126,25986,865120,817159,62125,812
Receivables72,918152,74568,29090,159101,513171,685
Inventory, net of allowances, customer advances and progress billings221,281251,025320,883299,905322,117299,160
Inventory221,281251,025320,883299,905322,117299,160
Prepaid expense13,66816,74722,52617,21220,52218,203
Other current assets17,18321,82214,9462,5012,7275,991
Total current assets:569,647568,598513,510530,594606,500520,851
Noncurrent Assets
Property, plant and equipment494,895507,198513,130517,913495,961474,340
Intangible assets, net (including goodwill)1,204,9551,216,5331,227,9931,239,8301,235,0461,247,568
Goodwill994,155994,155993,995993,995987,440987,440
Intangible assets, net (excluding goodwill)210,800222,378233,998245,835247,606260,128
Other noncurrent assets89,36991,64994,06894,75483,04176,721
Total noncurrent assets:1,789,2191,815,3801,835,1911,852,4971,814,0481,798,629
TOTAL ASSETS:2,358,8662,383,9782,348,7012,383,0912,420,5482,319,480
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities96,803102,10095,141146,378133,091114,317
Interest and dividends payable4,4364,36746
Employee-related liabilities36,86630,49224,590
Accounts payable53,01051,92148,56348,98783,03476,228
Accrued liabilities43,79350,17946,57856,08915,19813,453
Debt2,6222,5682,5242,3661,5971,217
Other undisclosed current liabilities67,66787,83779,08233,74770,36458,049
Total current liabilities:167,092192,505176,747182,491205,052173,583
Noncurrent Liabilities
Long-term debt and lease obligation581,418582,572583,726584,879586,033505,284
Long-term debt, excluding current maturities581,418582,572583,726584,879586,033505,284
Liabilities, other than long-term debt172,541173,828175,456171,278161,493147,579
Deferred income tax liabilities67,05664,42366,05265,19567,89261,505
Other liabilities105,485109,405109,404106,08393,60186,074
Total noncurrent liabilities:753,959756,400759,182756,157747,526652,863
Total liabilities:921,051948,905935,929938,648952,578826,446
Equity
Equity, attributable to parent, including:1,437,8151,435,0731,412,7721,444,4431,467,9701,493,034
Treasury stock, value(129,056)(80,576)(80,576)(73,088)(50,073) 
Additional paid in capital1,653,7141,641,3211,633,8271,630,3781,626,1151,628,581
Accumulated other comprehensive income (loss)691(3,262)(1,796)   
Accumulated deficit(87,690)(122,565)(138,838)(113,002)(108,227)(135,702)
Other undisclosed equity, attributable to parent156155155155155155
Total equity:1,437,8151,435,0731,412,7721,444,4431,467,9701,493,034
TOTAL LIABILITIES AND EQUITY:2,358,8662,383,9782,348,7012,383,0912,420,5482,319,480

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

9/30/2023
Q4
6/30/2023
Q3
3/31/2023
Q2
12/31/2022
Q1
9/30/2022
Q4
6/30/2022
Q3
3/31/2022
Q2
Revenues387,553377,692216,259304,632394,991396,255
Cost of revenue(255,353)(269,519)(168,680)(232,768)(268,604)(273,795)
Gross profit:132,200108,17347,57971,864126,387122,460
Operating expenses(73,650)(74,460)(73,444)(67,657)(78,737)(70,822)
Operating income (loss):58,55033,713(25,865)4,20747,65051,638
Interest and debt expense(11,473)(10,774)(9,299)(6,180)(10,618)(4,010)
Income (loss) from continuing operations before equity method investments, income taxes:47,07722,939(35,164)(1,973)37,03247,628
Other undisclosed income from continuing operations before income taxes1,065     
Income (loss) from continuing operations before income taxes:48,14222,939(35,164)(1,973)37,03247,628
Income tax expense (benefit)(13,267)(6,666)9,328(2,803)(9,556)(11,810)
Income (loss) from continuing operations:34,87516,273(25,836)(4,776)27,47635,818
Income (loss) before gain (loss) on sale of properties:(4,776)27,47635,818
Net income (loss) available to common stockholders, diluted:34,87516,273(25,836)(4,776)27,47635,818

Comprehensive Income ($ in thousands)

9/30/2023
Q4
6/30/2023
Q3
3/31/2023
Q2
12/31/2022
Q1
9/30/2022
Q4
6/30/2022
Q3
3/31/2022
Q2
Net income (loss):34,87516,273(25,836)(4,776)27,47635,818
Other comprehensive income (loss)3,953(1,466)(1,796)   
Comprehensive income (loss), net of tax, attributable to parent:38,82814,807(27,632)(4,776)27,47635,818

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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