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CONSOLIDATED AND COMBINED CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 29, 2023
Dec. 31, 2022
CURRENT ASSETS:    
Cash and cash equivalents $ 82,833 $ 72,024
Trade receivables, less allowance for credit losses of $25,664 and $23,471 388,483 374,329
Inventories, net 425,691 416,829
Prepaid expenses 62,765 56,637
Other current assets 69,967 68,851
Total current assets 1,029,739 988,670
Property, plant and equipment, net 276,295 284,226
Goodwill 1,554,004 1,529,767
Intangible assets, net 491,295 517,167
Lease assets - right of use 91,696 92,033
Other assets 313,014 342,152
Total assets 3,756,043 3,754,015
CURRENT LIABILITIES:    
Accounts payable 302,630 316,265
Accrued liabilities 307,727 285,310
Total current liabilities 610,357 601,575
Long-term debt 1,089,329 1,218,643
Other liabilities 515,261 545,339
Total liabilities 2,214,947 2,365,557
Equity:    
Common stock - $0.001 par value - 600,000,000 shares authorized, 60,271,072 and 60,094,725 shares outstanding as of September 29, 2023 and December 31, 2022, respectively 60 60
Additional paid-in capital 1,876,335 1,865,904
Retained earnings 303,954 159,231
Accumulated other comprehensive loss (679,540) (674,988)
Total ESAB Corporation equity 1,500,809 1,350,207
Noncontrolling interest 40,287 38,251
Total equity 1,541,096 1,388,458
Total liabilities and equity $ 3,756,043 $ 3,754,015