Charles River Laboratories International, Inc. (CRL) Financial Statements (2024 and earlier)

Company Profile

Business Address 251 BALLARDVALE ST
WILMINGTON, MA 01887
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 8731 - Commercial Physical and Biological Research (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments200,445201,587233,912194,651201,333242,934
Cash and cash equivalents200,445201,587233,912193,701200,321241,869
Short-term investments    9501,0121,065
Restricted cash and investments7,1366,1626,1921,3765,797413
Receivables800,646788,309752,390778,499755,343706,796
Inventory, net of allowances, customer advances and progress billings285,280262,584255,809261,522256,765221,175
Inventory285,280262,584255,809261,522256,765221,175
Prepaid expense105,020104,16289,34192,26680,93990,496
Other undisclosed current assets106,25385,551101,38887,03892,90971,272
Total current assets:1,504,7801,448,3551,439,0321,415,3521,393,0861,333,086
Noncurrent Assets
Operating lease, right-of-use asset397,192408,464391,762373,410382,121304,758
Long-term investments and receivables300,281293,787311,602   
Long-term investments300,281293,787311,602   
Intangible assets, net (including goodwill)3,846,4833,859,7463,805,1783,744,0253,892,6303,715,531
Goodwill2,916,5932,901,6272,849,9032,776,0052,860,2582,695,994
Intangible assets, net (excluding goodwill)929,890958,119955,275968,0201,032,3721,019,537
Restricted cash and investments1,1961,142    
Deferred income tax assets38,54041,01741,26239,72142,46743,404
Other noncurrent assets155,465153,990148,279429,693435,635356,652
Other undisclosed noncurrent assets1,528,4441,492,9381,465,6551,380,5681,383,4221,321,618
Total noncurrent assets:6,267,6016,251,0846,163,7385,967,4176,136,2755,741,963
TOTAL ASSETS:7,772,3817,699,4397,602,7707,382,7697,529,3617,075,049
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities360,908341,374425,673625,784659,803618,404
Taxes payable47,03646,226
Employee-related liabilities200,365202,962165,224
Accounts payable140,204120,004205,915181,629211,381225,977
Accrued liabilities220,704221,370219,758196,754199,234227,203
Deferred revenue257,396262,226264,259251,473242,084228,260
Debt3,7236,8193,6772,0792,3642,642
Business combination, contingent consideration, liability   13,431   
Other liabilities198,517201,739204,575181,894190,110144,533
Other undisclosed current liabilities187,079169,234179,970(47,036)(46,226) 
Total current liabilities:1,007,623981,3921,091,5851,014,1941,048,135993,839
Noncurrent Liabilities
Long-term debt and lease obligation, including:2,678,4722,743,7742,707,5312,937,0562,997,2212,676,165
Finance lease, liability   28,316   
Other undisclosed long-term debt and lease obligation2,678,4722,743,7742,679,2152,568,2052,631,4462,411,809
Liabilities, other than long-term debt786,284817,455780,149390,724425,126469,964
Deferred income tax liabilities207,404212,278215,582196,014230,051230,949
Other liabilities177,252186,975174,822194,710195,075239,015
Operating lease, liability401,628418,202389,745368,851365,775264,356
Other undisclosed noncurrent liabilities    368,851365,775264,356
Total noncurrent liabilities:3,464,7563,561,2293,487,6803,696,6313,788,1223,410,485
Total liabilities:4,472,3794,542,6214,579,2654,710,8254,836,2574,404,324
Temporary equity, carrying amount42,44742,93542,42739,20640,17755,819
Equity
Equity, attributable to parent3,251,7033,108,5972,976,2932,626,8532,647,7062,610,184
Common stock513512509510510509
Treasury stock, value(23,978)(19,012) (38,492)(38,468)(33,994)
Additional paid in capital1,850,3851,830,1891,804,9401,780,8761,761,1251,744,829
Accumulated other comprehensive loss(208,269)(239,124)(262,057)(395,608)(258,555)(174,933)
Retained earnings1,633,0521,536,0321,432,9011,279,5671,183,0941,073,773
Equity, attributable to noncontrolling interest5,8525,2864,7855,8855,2214,722
Total equity:3,257,5553,113,8832,981,0782,632,7382,652,9272,614,906
TOTAL LIABILITIES AND EQUITY:7,772,3817,699,4397,602,7707,382,7697,529,3617,075,049

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues1,059,9371,029,3731,099,843989,157973,131913,929
Gross profit:1,059,9371,029,3731,099,843989,157973,131913,929
Operating expenses(234,032)(209,762)(235,074)(219,247)(169,315)(188,040)
Other undisclosed operating loss(660,960)(651,719)(700,959)(618,934)(616,405)(577,111)
Operating income:164,945167,892163,810150,976187,411148,778
Nonoperating income (expense)(1,237)(2,471)115,890(16,494)(39,595)(42,401)
Investment income, nonoperating1,426806343122188(13,776)
Other nonoperating income (expense)(2,663)(3,277)115,547(16,616)(39,783)(28,625)
Interest and debt expense(35,044)(34,380)(34,779)(11,375)(3,703)(10,462)
Income from continuing operations before income taxes:128,664131,041244,921123,107144,11395,915
Income tax expense(29,221)(27,087)(55,815)(25,495)(33,449)(15,620)
Income from continuing operations:99,443103,954189,10697,612110,66480,295
Income before gain (loss) on sale of properties:97,612110,66480,295
Other undisclosed net income      14,931
Net income:99,443103,954189,10697,612110,66495,226
Net loss attributable to noncontrolling interest(2,423)(823)(1,696)(1,139)(1,343)(2,204)
Net income attributable to parent:97,020103,131187,41096,473109,32193,022
Other undisclosed net loss available to common stockholders, basic   (3,525)   
Net income available to common stockholders, diluted:97,020103,131183,88596,473109,32193,022

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:99,443103,954189,10697,612110,66495,226
Other comprehensive income (loss)(763)1,208(18,190)(137,053)(83,622)(10,193)
Other undisclosed comprehensive income (loss)29,27321,911(102,806)   
Comprehensive income (loss):127,953127,07368,110(39,441)27,04285,033
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(78)(1,009)(3,034)1,1701,275(2,209)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent   255,885(2,309)(2,618)5
Comprehensive income (loss), net of tax, attributable to parent:127,875126,064320,961(40,580)25,69982,829

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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