XML 13 R4.htm IDEA: XBRL DOCUMENT v3.23.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 105,508 $ 173,750
Receivables, net 418,218 436,914
Inventories (Note 6) 284,546 402,531
Other current assets 41,164 31,607
Total current assets 849,436 1,044,802
Property, Plant and Equipment:    
Cost 2,546,520 2,370,552
Less: Accumulated depreciation (1,366,548) (1,297,255)
Property, plant and equipment, net 1,179,972 1,073,297
Goodwill, net (Note 16) 96,526 95,922
Other intangible assets, net 53,548 58,026
Long-term investments (Note 3) 24,528 23,294
Operating lease assets (Note 7) 65,334 62,540
Other non-current assets 64,185 75,291
Total assets 2,333,529 2,433,172
Current Liabilities:    
Current maturities of long-term debt (Note 14) 227,014 132,111
Accounts payable 242,628 375,726
Accrued liabilities 112,435 162,812
Total current liabilities 582,077 670,649
Deferred income taxes 9,149 10,179
Long-term debt, less current maturities (Note 14) 422,375 455,029
Non-current operating lease liabilities (Note 7) 53,653 50,559
Other non-current liabilities 63,504 80,691
Commitments and Contingencies (Note 8)
Equity:    
Common stock, $1 par value; authorized 60,000,000 shares; 26,989,085 issued shares in 2023 and 26,840,843 issued shares in 2022 26,989 26,841
Additional paid-in capital 244,431 237,202
Accumulated other comprehensive loss (Note 11) (151,325) (167,512)
Retained earnings 1,267,048 1,250,130
Less: Common treasury stock, at cost, 4,627,645 shares in 2023 and 4,605,858 shares in 2022 (184,372) (180,596)
Total Stepan Company stockholders’ equity 1,202,771 1,166,065
Total liabilities and equity $ 2,333,529 $ 2,433,172