10-Q
Quarterly Report
AdvanSix Inc.
ASIX
NYSE
CIK: 1673985
File #: 1-37774
Balance Sheet
37 line items · 2 periods
XBRL
| Item | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|
ASSETS | ||
Current assets: | ||
Cash and cash equivalents | 20,633,000 | 29,768,000 |
Accounts and other receivables – net | 171,196,000 | 165,393,000 |
Inventories – net | 190,921,000 | 211,831,000 |
Taxes receivable | 8,000 | 1,434,000 |
Other current assets | 8,549,000 | 11,378,000 |
Total current assets | 391,307,000 | 419,804,000 |
Property, plant and equipment – net | 861,982,000 | 852,642,000 |
Operating lease right-of-use assets | 86,835,000 | 95,805,000 |
Goodwill | 56,192,000 | 56,192,000 |
Intangible assets | 45,431,000 | 46,193,000 |
Other assets | 26,236,000 | 25,384,000 |
Total assets | 1,467,983,000 | 1,496,020,000 |
LIABILITIES | ||
Current liabilities: | ||
Accounts payable | 196,772,000 | 259,068,000 |
Accrued liabilities | 46,771,000 | 44,086,000 |
Income taxes payable | 935,000 | 8,033,000 |
Operating lease liabilities – short-term | 28,358,000 | 32,053,000 |
Deferred income and customer advances | 11,286,000 | 15,678,000 |
Total current liabilities | 284,122,000 | 358,918,000 |
Deferred income taxes | 152,160,000 | 151,059,000 |
Operating lease liabilities – long-term | 58,621,000 | 63,961,000 |
Line of credit – long-term | 245,000,000 | 170,000,000 |
Postretirement benefit obligations | 4,790,000 | 3,660,000 |
Other liabilities | 10,133,000 | 9,185,000 |
Total liabilities | 754,826,000 | 756,783,000 |
STOCKHOLDERS' EQUITY | ||
Common stock, par value $0.01; 200,000,000 shares authorized; 32,922,935 shares issued and 26,813,996 outstanding at March 31, 2024; 32,598,946 shares issued and 26,750,471 outstanding at December 31, 2023 | 329,000 | 326,000 |
Preferred stock, par value $0.01; 50,000,000 shares authorized and 0 shares issued and outstanding at March 31, 2024 and December 31, 2023 | 0 | 0 |
Treasury stock at par (6,108,939 shares at March 31, 2024; 5,848,475 shares at December 31, 2023) | 61,000 | 58,000 |
Additional paid-in capital | 133,823,000 | 138,046,000 |
Retained earnings | 583,218,000 | 605,067,000 |
Accumulated other comprehensive loss | (4,152,000) | (4,144,000) |
Total stockholders' equity | 713,157,000 | 739,237,000 |
Total liabilities and stockholders' equity | 1,467,983,000 | 1,496,020,000 |