Company: NEOG
Filing Date: 2025-01-15
Form Type: 10-Q
Source: 0000950170-25-005818
Chunk: 1

Company: NEOGEN CORP
Filing Date: 2025-01-15
Form: 10-Q
Item: Item 1
Chunk 1
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Neogen Corporation 

Condensed Consolidated Balance Sheets

(in thousands, except shares)

    November 30, 2024

    May 31, 2024

    Assets
     
    (unaudited)

    Current Assets

    Cash and cash equivalents
     
    $
    140,231

    $
    170,611

    Marketable securities

    —

    325

    Accounts receivable, net of allowance of $4,833 and $4,140

    164,086

    173,005

    Inventories

    Raw materials

    75,376

    78,799

    Work-in-process

    14,096

    10,990

    Finished goods

    128,300

    111,839

    217,772

    201,628

    Less inventory reserve

    (19,505
    )

    (12,361
    )

    Inventories, net

    198,267

    189,267

    Prepaid expenses and other current assets

    67,863

    56,025

    Total Current Assets

    570,447

    589,233

    Net Property and Equipment

    310,552

    277,104

    Other Assets

    Right of use assets

    17,201

    14,785

    Goodwill (note 5)

    1,672,501

    2,135,632

    Intangible assets, net

    1,463,163

    1,511,653

    Other non-current assets

    20,228

    20,426

    Total Assets
     
    $
    4,054,092

    $
    4,548,833

    Liabilities and Stockholders’ Equity

    Current Liabilities

    Current portion of finance lease
     
    $
    2,576

    $
    2,447

    Accounts payable

    79,574

    83,061

    Accrued compensation

    16,480

    19,949

    Income tax payable

    11,176

    10,449

    Accrued interest

    11,091

    10,985

    Deferred revenue

    5,651

    4,632