Trex Company, Inc. (TREX) Financial Statements (2024 and earlier)

Company Profile

Business Address 160 EXETER DRIVE
WINCHESTER, VA 22603-8605
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 24 - Lumber And Wood Products, Except Furniture (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2023
MRQ
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 investments12,325141,053121,701148,833105,69930,514
Cash and cash equivalents12,325141,053121,701148,833105,69930,514
Receivables122,036151,502114,57181,13791,63469,112
Inventory, net of allowances, customer advances and progress billings141,35583,75368,23856,10657,80134,524
Inventory141,35583,75368,23856,10657,80134,524
Prepaid expense10,78715,0617,2858,2823,3907,494
Contract with customer, asset, after allowance for credit loss  9,1096,6126,6647,987
Costs in excess of billings4,841
Other current assets3395761,3233501,245864
Other undisclosed current assets   2,2671,8322,4691,449
Total current assets:286,842401,054321,997303,204270,225148,798
Noncurrent Assets
Operating lease, right-of-use asset30,99134,57134,38240,049
Property, plant and equipment589,892460,365336,537171,300117,144103,110
Intangible assets, net (including goodwill), including:18,58219,00173,66574,08474,50371,319
Goodwill  14,21668,50068,50068,50068,461
Intangible assets, net (excluding goodwill)(1,900)(1,500)(1,100)(700)6,0422,858
Other undisclosed intangible assets, net (including goodwill)20,4826,2856,2656,284(39) 
Other noncurrent assets7,3985,3303,9113,6023,2503,000
Total noncurrent assets:646,863519,267448,495289,035194,897177,429
TOTAL ASSETS:933,705920,321770,492592,239465,122326,227
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities57,68676,09093,58665,30685,79856,679
Employee-related liabilities25,45021,15613,47519,12414,818
Accounts payable19,93524,86138,62215,22731,0849,953
Accrued liabilities37,75125,77933,80836,60435,59031,908
Deferred revenue  351,1742,905
Debt222,000  7,079  
Deferred rent credit     663
Deferred revenue and credits779
Billings in excess of cost1,842
Customer advances and deposits1,230
Contract with customer, liability2,058
Other undisclosed current liabilities10,91312,57711,5933,3804,2561,979
Total current liabilities:290,59988,702106,35378,67092,77562,509
Noncurrent Liabilities
Long-term debt and lease obligation:  28,26328,57934,242  
Liabilities, other than long-term debt124,75778,32247,02930,15229,38432,468
Accounts payable and accrued liabilities20,99922,79524,07320,31725,35428,709
Deferred tax liabilities, net2,1251,286
Deferred income tax liabilities68,22443,96722,9569,831
Other liabilities11,56011,560 41,9052,473
Operating lease, liability23,97428,26328,57934,242
Total noncurrent liabilities:124,757106,58575,60864,39429,38432,468
Total liabilities:415,356195,287181,961143,064122,15994,977
Equity
Equity, attributable to parent518,349725,034588,531449,175342,963231,250
Common stock1,4081,4071,406702700349
Treasury stock, value(745,272)(350,208)(276,273)(237,203)(198,903)(173,512)
Additional paid in capital131,539127,787126,087123,996124,224122,043
Retained earnings1,130,674946,048737,311561,680416,942282,370
Total equity:518,349725,034588,531449,175342,963231,250
TOTAL LIABILITIES AND EQUITY:933,705920,321770,492592,239465,122326,227

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues1,106,0431,196,952880,831745,347684,250565,153
Revenue, net565,153
Cost of revenue
(Cost of Goods and Services Sold)
(702,054)(736,448)(521,374)(438,844)(389,356)(321,780)
Gross profit:403,989460,504359,457306,503294,894243,373
Operating expenses(141,831)(185,128)(125,822)(118,304)(118,225)(100,993)
Other undisclosed operating loss(15,423)     
Operating income:246,735275,376233,635188,199176,669142,380
Interest and debt expense      (461)
Income from continuing operations before equity method investments, income taxes:246,735275,376233,635188,199176,669141,919
Other undisclosed income (loss) from continuing operations before income taxes103159991,503192 
Income from continuing operations before income taxes:246,838275,391234,634189,702176,861141,919
Income tax expense(62,212)(66,654)(59,003)(44,964)(42,289)(46,791)
Income from continuing operations:184,626208,737175,631144,738134,57295,128
Income before gain (loss) on sale of properties:208,737175,631144,738134,57295,128
Net income available to common stockholders, diluted:184,626208,737175,631144,738134,57295,128

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:184,626208,737175,631144,738134,57295,128
Comprehensive income, net of tax, attributable to parent:184,626208,737175,631144,738134,57295,128

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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