Company: ASTE
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000792987-25-000013
Chunk: 81

Company: ASTEC INDUSTRIES INC
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1
Chunk 81
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, INC.

Consolidated Balance Sheets

(In millions, except share and per share data)

December 31,20242023ASSETSCurrent assets:Cash, cash equivalents and restricted cash$90.8 $63.2 Investments3.0 5.7 Trade receivables, contract assets and other receivables, net167.2 152.7 Inventories422.7 455.6 Prepaid and refundable income taxes9.3 14.6 Prepaid expenses and other assets29.8 27.7 Total current assets722.8 719.5 Property and equipment, net181.9 187.6 Investments18.9 13.8 Goodwill25.0 46.3 Intangible assets, net11.2 16.4 Deferred income tax assets45.8 37.5 Other long-term assets38.0 38.2 Total assets$1,043.6 $1,059.3 LIABILITIES AND EQUITYCurrent liabilities:Current maturities of long-term debt$— $0.1 Short-term debt13.3 11.0 Accounts payable79.2 116.9 Customer deposits77.3 70.2 Accrued product warranty16.1 16.5 Accrued employee related liabilities38.2 44.1 Accrued loss reserves1.7 2.7 Other current liabilities45.9 37.5 Total current liabilities271.7 299.0 Long-term debt105.0 72.0 Deferred income tax liabilities2.4 1.1 Other long-term liabilities26.9 33.5 Total liabilities406.0 405.6 Commitments and contingencies (Note 16)Shareholders' equity:Preferred stock – authorized 2,000,000 shares of $1.00 par value; none issued— — Common stock – authorized 40,000,000 shares of $0.20 par value; issued and outstanding – 22,803,976 in 2024 and 22,740,635 in 20234.6 4.5 Additional paid-in capital142.9 138.4 Accumulated other comprehensive loss(51.1)(38.1)Company stock held by deferred compensation programs, at cost(0