XML 15 R5.htm IDEA: XBRL DOCUMENT v3.25.0.1
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
Dec. 31, 2024
Jun. 30, 2024
Current assets:    
Cash and cash equivalents $ 121,151 $ 127,971
Accounts receivable, less allowance for doubtful accounts of $8,185 and $8,759, respectively 254,141 302,810
Inventories (Note 9) 536,634 514,632
Other current assets 56,848 57,179
Total current assets 968,774 1,002,592
Property, plant and equipment:    
Land and buildings 418,947 415,376
Machinery and equipment 1,995,134 1,992,001
Less accumulated depreciation (1,503,957) (1,469,314)
Property, plant and equipment, net 910,124 938,063
Other assets:    
Goodwill (Note 17) 268,796 271,567
Other intangible assets, less accumulated amortization of $175,481 and $173,346, respectively (Note 17) 75,715 81,421
Operating lease right-of-use assets 44,140 48,142
Deferred income taxes 78,574 79,333
Other 89,682 82,640
Total other assets 556,907 563,103
Total assets 2,435,805 2,503,758
Current liabilities:    
Revolving and other lines of credit and notes payable (Note 11) 1,370 1,377
Current operating lease liabilities 12,100 12,766
Accounts payable 198,512 191,541
Accrued income taxes 10,802 13,152
Accrued expenses 37,996 53,013
Other current liabilities 121,448 144,112
Total current liabilities 382,228 415,961
Long-term debt, less current maturities (Note 10) 596,384 595,980
Operating lease liabilities 32,342 35,631
Deferred income taxes 35,345 36,171
Accrued pension and postretirement benefits 107,399 109,915
Accrued income taxes 1,683 1,484
Other liabilities 20,323 20,017
Total liabilities 1,175,704 1,215,159
Commitments and contingencies
Kennametal Shareholders' Equity    
Preferred stock, no par value; 5,000 shares authorized; none issued 0 0
Capital stock, $1.25 par value; 120,000 shares authorized; 79,818 and 79,835 shares issued, respectively 96,661 97,361
Additional paid-in capital 394,394 416,620
Retained earnings 1,179,385 1,170,482
Accumulated other comprehensive loss (450,460) (434,588)
Total Kennametal Shareholders' Equity 1,219,980 1,249,875
Noncontrolling interests 40,121 38,724
Total equity 1,260,101 1,288,599
Total liabilities and equity $ 2,435,805 $ 2,503,758
Common Stock, Par or Stated Value Per Share $ 1.25 $ 1.25
Preferred Stock, No Par Value $ 0 $ 0
Preferred Stock, Shares Authorized 5,000 5,000