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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 188,880 $ 194,527
Accounts receivable, net 400,126 444,950
Inventories 227,472 233,857
Prepaid expenses and other current assets 59,939 54,555
Total current assets 876,417 927,889
Property, plant and equipment, net 229,532 207,811
Right-of-use lease assets 34,120 38,614
Goodwill 518,894 512,518
Other intangible assets, net 827,098 896,721
Investments in associated companies 98,012 101,151
Deferred tax assets 9,216 10,737
Other non-current assets 17,360 18,770
Total assets 2,610,649 2,714,211
Current liabilities    
Short-term borrowings and current portion of long-term debt 37,554 23,444
Accounts payable 198,137 184,813
Dividends payable 8,572 8,186
Accrued compensation 50,212 55,194
Accrued restructuring 2,297 3,350
Accrued pension and postretirement benefits 2,328 2,208
Other accrued liabilities 80,668 90,315
Total current liabilities 379,768 367,510
Long-term debt 669,614 730,623
Long-term lease liabilities 20,028 22,937
Deferred tax liabilities 138,828 146,957
Non-current accrued pension and postretirement benefits 23,783 29,457
Other non-current liabilities 24,445 31,805
Total liabilities 1,256,466 1,329,289
Commitments and contingencies (Note 25)
Equity    
Common stock, $1 par value; authorized 30,000,000 shares; issued and outstanding 2024 – 17,673,607 shares; 2023 – 17,991,988 shares 17,674 17,992
Capital in excess of par value 903,781 940,101
Retained earnings 633,731 550,641
Accumulated other comprehensive loss (201,619) (124,415)
Total Quaker shareholders’ equity 1,353,567 1,384,319
Noncontrolling interest 616 603
Total equity 1,354,183 1,384,922
Total liabilities and equity $ 2,610,649 $ 2,714,211