Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 968,809 $ 848,565
Receivables, net of an allowance for credit losses of $23,948 at March 31, 2024, and $23,948 at December 31, 2023 829,221 799,009
Inventories 375,056 364,731
Prepaid expenses and other current assets 29,376 36,939
Total current assets 2,202,462 2,049,244
Right of use assets 201,392 204,629
Property and equipment, net 266,422 264,487
Goodwill 2,052,319 2,042,568
Other intangible assets, net 578,335 591,058
Other assets 9,522 10,865
Total assets 5,310,452 5,162,851
Current liabilities:    
Accounts payable 467,863 469,585
Current portion of long-term debt 46,230 47,039
Accrued liabilities 201,402 187,217
Short-term operating lease liabilities 67,041 65,780
Short-term finance lease liabilities 1,829 1,917
Total current liabilities 784,365 771,538
Long-term debt 1,362,498 1,373,028
Deferred tax liabilities, net 243,622 243,930
Long-term portion of insurance reserves 60,179 58,783
Long-term operating lease liabilities 142,552 146,213
Long-term finance lease liabilities 3,716 4,150
Other liabilities 1,487 1,554
Total liabilities 2,598,419 2,599,196
Commitments and contingencies
Equity:    
Preferred stock, $0.01 par value: 10,000,000 shares authorized; 0 shares issued and outstanding
Common stock, $0.01 par value: 250,000,000 shares authorized; 39,549,030 shares issued and 31,818,099 outstanding at March 31, 2024, and 39,492,037 shares issued and 31,776,039 outstanding at December 31, 2023 395 394
Treasury stock, 7,730,931 shares at March 31, 2024, and 7,715,998 shares at December 31, 2023, at cost (705,386) (699,327)
Additional paid-in capital 912,481 906,334
Retained earnings 2,523,300 2,370,919
Accumulated other comprehensive loss (18,757) (14,665)
Total equity 2,712,033 2,563,655
Total liabilities and equity $ 5,310,452 $ 5,162,851