Company: ZEUS
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001437749-25-004742
Chunk: 547

Company: OLYMPIC STEEL INC
Filing Date: 2025-02-21
Form: 10-K
Item: Item 3
Chunk 547
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,380 
 Total assets  $1,044,496  $984,835 
         
 Liabilities         
 Accounts payable  $80,743  $119,718 
 Accrued payroll   24,184   30,113 
 Other accrued liabilities   21,846   22,593 
 Current portion of lease liabilities   5,865   7,813 
 Total current liabilities   132,638   180,237 
 Credit facility revolver   272,456   190,198 
 Other long-term liabilities   22,484   20,151 
 Deferred income taxes   11,049   11,510 
 Lease liabilities   31,945   27,261 
 Total liabilities   470,572   429,357 
         
 Commitments and contingencies (Note 14)           
         
 Shareholders' Equity         
 Preferred stock, without par value, 5,000 shares authorized, no shares issued or outstanding   -   - 
 Common stock, without par value, 20,000 shares authorized; 11,136 and 11,133 issued; 11,136 and 11,133 shares outstanding   138,538   136,541 
 Accumulated other comprehensive income   190   41 
 Retained earnings   435,196   418,896 
 Total shareholders' equity   573,924   555,478 
 Total liabilities and shareholders' equity  $1,044,496  $984,835 

The accompanying notes are an integral part of these consolidated statements.

     49

Olympic Steel, Inc.

Consolidated Statements of Cash Flows

For The Years Ended December 31,

(in thousands)

      2024    2023    2022  
             
 Net income  $22,980  $44,529  $90,931 
 Adjustments to reconcile net income to net cash from (used for) operating activities -             
 Depreciation and amortization   30,913   27,176   20,206 
 Loss (gain) on disposition of property and equipment   199   (133)  (2,185)
 Stock-based compensation   1,997   1,817   1,297 
 Other long-term assets   (7,922)