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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash and cash equivalents $ 21,474 $ 15,120
Accounts receivable, net of allowance for credit losses of $3,152 and $2,280 at 2024 and 2023, respectively 117,591 109,352
Inventories 65,490 71,702
Prepaid expenses 9,717 8,153
Income taxes receivable 14,784 13,716
Other current assets 6,171 5,093
TOTAL CURRENT ASSETS 235,227 223,136
PROPERTY, PLANT AND EQUIPMENT, net of accumulated depreciation of $318,871 and $315,796 at 2024 and 2023, respectively 97,606 99,626
RIGHT OF USE ASSETS 56,650 53,842
INTANGIBLES, net of accumulated amortization and impairment of $19,204 and $18,825 at 2024 and 2023, respectively 6,547 6,926
GOODWILL 99,445 99,445
DEFERRED TAX ASSETS, net 69,948 69,201
OTHER ASSETS 35,043 34,219
TOTAL ASSETS 600,466 586,395
CURRENT LIABILITIES:    
Accounts payable 33,627 33,506
Accrued payroll and related costs 22,281 18,791
Taxes other than payroll and income 5,795 5,939
Unearned revenues 7,208 4,755
Operating lease liabilities 11,435 10,175
Income taxes payable 5,459 7,280
Other current liabilities 9,133 7,651
TOTAL CURRENT LIABILITIES 94,938 88,097
LONG-TERM DEBT, net 139,872 163,134
LONG-TERM OPERATING LEASE LIABILITIES 43,727 42,076
DEFERRED COMPENSATION 31,713 30,544
DEFERRED TAX LIABILITIES, net 13,547 12,697
OTHER LONG-TERM LIABILITIES 20,248 20,040
COMMITMENTS AND CONTINGENCIES
EQUITY:    
Preference stock, 6,000,000 shares authorized, $0.01 par value; none issued or outstanding 0 0
Common stock, 200,000,000 shares authorized, $0.01 par value, 46,938,557 issued and 46,927,391 outstanding at 2024; 46,938,557 issued and 46,856,536 outstanding at 2023 469 469
Additional paid-in capital 112,610 110,011
Retained earnings 143,346 120,756
Accumulated other comprehensive income (loss) (5,446) (4,972)
Treasury stock (at cost), 11,166 and 82,021 shares at 2024 and 2023, respectively (237) (1,449)
Total Core Laboratories Inc. shareholders' equity 250,742 224,815
Non-controlling interest 5,679 4,992
TOTAL EQUITY 256,421 229,807
TOTAL LIABILITIES AND EQUITY $ 600,466 $ 586,395