Company: MWA
Filing Date: 2025-02-05
Form Type: 10-Q
Source: 0001350593-25-000012
Chunk: 9

Company: Mueller Water Products, Inc.
Filing Date: 2025-02-05
Form: 10-Q
Item: Part I, Item 1
Chunk 9
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Item 1.      FINANCIAL STATEMENTS

MUELLER WATER PRODUCTS, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(UNAUDITED)

 December 31,September 30, 20242024 (in millions, except share amounts)Assets:Cash and cash equivalents$338.2 $309.9 Receivables, net of allowance for credit losses of $7.9 million and $8.3 million145.3 208.9 Inventories, net317.8 301.7 Other current assets41.4 37.9 Total current assets842.7 858.4 Property, plant and equipment, net320.7 318.8 Intangible assets, net307.9 309.7 Goodwill, net81.5 80.7 Other noncurrent assets66.4 68.3 Total assets$1,619.2 $1,635.9 Liabilities and stockholders’ equity:Current portion of long-term debt$0.8 $0.8 Accounts payable98.9 109.9 Other current liabilities120.6 147.3 Total current liabilities220.3 258.0 Long-term debt448.7 448.7 Deferred income taxes55.1 55.4 Other noncurrent liabilities61.0 63.7 Total liabilities785.1 825.8 Commitments and contingencies (Note 10.)Preferred stock: par value $0.01 per share; 60,000,000 shares authorized; none outstanding at December 31, 2024, and September 30, 2024— — Common stock: par value $0.01 per share; 600,000,000 shares authorized; 156,563,285 and 156,227,170 shares outstanding at December 31, 2024, and September 30, 2024, respectively1.6 1.6 Additional paid-in capital1,194.8 1,205.2 Accumulated deficit(330.6)(365.9)Accumulated other comprehensive loss(31.7)(30.8)Total stockholders' equity834.1 810.1 Total liabilities and stockholders' equity$1,619.2 $1,635.9