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
12/31/2022
MRQ
9/30/2022
9/30/2021
9/30/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments86,865120,817250,536215,012
Cash and cash equivalents86,865120,817250,536215,012
Receivables68,29090,15977,31670,886
Inventory, net of allowances, customer advances and progress billings320,883299,905188,888130,070
Inventory320,883299,905188,888130,070
Prepaid expense22,52617,21214,2128,367
Other current assets14,9462,5011,446360
Total current assets:513,510530,594532,398424,695
Noncurrent Assets
Property, plant and equipment513,130517,913391,012261,774
Intangible assets, net (including goodwill)1,227,9931,239,8301,193,9621,243,764
Goodwill993,995993,995951,390951,390
Intangible assets, net (excluding goodwill)233,998245,835242,572292,374
Other noncurrent assets94,06894,75470,4621,623
Total noncurrent assets:1,835,1911,852,4971,655,4361,507,161
TOTAL ASSETS:2,348,7012,383,0912,187,8341,931,856
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities95,141146,378115,73185,876
Interest and dividends payable4,436721,103
Employee-related liabilities36,86632,99626,554
Accounts payable48,56348,98769,47442,059
Accrued liabilities46,57856,08913,18916,160
Debt2,5242,36671 
Other undisclosed current liabilities79,08233,74754,60538,164
Total current liabilities:176,747182,491170,407124,040
Noncurrent Liabilities
Long-term debt and lease obligation583,726584,879464,715473,892
Long-term debt, excluding current maturities583,726584,879464,715462,982
Finance lease, liability    10,910
Liabilities, other than long-term debt175,456171,278125,54830,036
Deferred income tax liabilities66,05265,19546,37121,260
Other liabilities109,404106,08379,1778,776
Total noncurrent liabilities:759,182756,157590,263503,928
Total liabilities:935,929938,648760,670627,968
Equity
Equity, attributable to parent, including:1,412,7721,444,4431,427,1641,303,888
Treasury stock, value(80,576)(73,088)  
Additional paid in capital1,633,8271,630,3781,615,2361,587,208
Accumulated other comprehensive income (loss)(1,796)   
Accumulated deficit(138,838)(113,002)(188,227)(283,475)
Other undisclosed equity, attributable to parent155155155155
Total equity:1,412,7721,444,4431,427,1641,303,888
TOTAL LIABILITIES AND EQUITY:2,348,7012,383,0912,187,8341,931,856

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

9/30/2023
12/31/2022
TTM
9/30/2022
9/30/2021
9/30/2020
Revenues1,312,1371,355,5861,178,974899,259
Cost of revenue(943,847)(946,266)(789,023)(603,209)
Gross profit:368,290409,320389,951296,050
Operating expenses(290,660)(280,385)(247,822)(317,795)
Operating income (loss):77,630128,935142,129(21,745)
Interest and debt expense(30,107)(24,956)(20,311)(108,766)
Income (loss) from continuing operations before equity method investments, income taxes:47,523103,979121,818(130,511)
Other undisclosed income from continuing operations before income taxes    
Income (loss) from continuing operations before income taxes:47,523103,979121,818(130,511)
Income tax expense (benefit)(14,841)(28,754)(28,668)8,278
Income (loss) from continuing operations:32,68275,22593,150(122,233)
Income (loss) before gain (loss) on sale of properties:58,51875,22593,150(122,233)
Net income (loss) available to common stockholders, diluted:32,68275,22593,150(122,233)

Comprehensive Income ($ in thousands)

9/30/2023
12/31/2022
TTM
9/30/2022
9/30/2021
9/30/2020
Net income (loss):32,68275,22593,150(122,233)
Other comprehensive income (loss)(1,796)   
Comprehensive income (loss), net of tax, attributable to parent:30,88675,22593,150(122,233)

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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