Company: CRD-A
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000950170-25-030894
Chunk: 106

Company: CRAWFORD & CO
Filing Date: 2025-03-03
Form: 10-K
Item: Item 1B
Chunk 106
---

    (40
    )

    Comprehensive Income (Loss) Attributable to Shareholders of Crawford & Company
     
    $
    28,086

    $
    27,315

    $
    (53,185
    )

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

58

CRAWFORD & COMPANY

CONSOLIDATED BALANCE SHEETS

(In thousands)

    December 31,
     
    2024

    2023

    ASSETS

    Current Assets:

    Cash and cash equivalents
     
    $
    55,412

    $
    58,363

    Accounts receivable, less allowance for expected credit losses of $8,145 and $8,599, respectively

    142,064

    131,362

    Unbilled revenues, at estimated billable amounts

    131,080

    116,611

    Income taxes receivable

    5,337

    4,842

    Prepaid expenses and other current assets

    40,334

    58,168

    Total Current Assets

    374,227

    369,346

    Net Property and Equipment

    20,554

    22,742

    Other Assets:

    Operating lease right-of-use asset, net

    78,808

    88,615

    Goodwill

    76,368

    76,724

    Intangible assets arising from business acquisitions, net

    74,545

    81,786

    Capitalized software costs, net

    111,854

    96,770

    Deferred income tax assets

    25,305

    26,247

    Other noncurrent assets

    42,094

    36,969

    Total Other Assets

    408,974

    407,111

    TOTAL ASSETS
     
    $
    803,755

    $
    799,199

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

59

CRAWFORD & COMPANY

CONSOLIDATED BALANCE SHEETS

(In thousands, except par value amounts)

    December 31,
     
    2024

    2023

    LIABILITIES AND SHAREHOLDERS' INVESTMENT

    Current Liabilities:

    Short-term borrowings