Company: UFPT
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001171843-25-005268
Chunk: 41

Company: UFP TECHNOLOGIES INC
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 41
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UFP Technologies, Inc.

Condensed Consolidated Balance Sheets

(In thousands, except share data)

(Unaudited)

			June 30, 

			2025

			December 31, 

			2024

			Assets

			Current assets:

			Cash and cash equivalents

			$
			14,892

			$
			13,450

			Receivables, net

			84,931

			84,677

			Inventories

			85,200

			87,536

			Prepaid expenses and other current assets

			4,659

			4,303

			Refundable income taxes

			1,708

			4,979

			Total current assets

			191,390

			194,945

			Property, plant and equipment, net

			73,917

			70,564

			Goodwill

			192,968

			189,657

			Intangible assets, net

			141,974

			144,252

			Non-qualified deferred compensation plan

			6,971

			6,174

			Right of use assets

			17,011

			16,148

			Deferred income taxes

			72

			-

			Equity method investment

			6,906

			6,808

			Other assets

			3,450

			447

			Total assets

			$
			634,659

			$
			628,995

			Liabilities and Stockholders’ Equity

			Current liabilities:

			Accounts payable

			$
			22,666

			$
			24,269

			Accrued expenses

			24,583

			30,410

			Deferred revenue

			4,609

			4,667

			Lease liabilities

			4,715

			4,226

			Income taxes payable

			122

			223

			Current portion of long-term debt

			12,500

			12,500

			Total current liabilities

			69,195

			76,295

			Long-term debt, excluding current installments

			151,125

			176