Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 842,493 $ 400,318
Receivables, net of an allowance for credit losses of $21,257 at June 30, 2025, and $18,541 at December 31, 2024 752,559 751,612
Inventories 385,466 406,662
Prepaid expenses and other current assets 37,566 40,382
Total current assets 2,018,084 1,598,974
Right of use assets 180,626 189,146
Property and equipment, net 254,127 266,992
Goodwill 2,125,827 2,112,259
Other intangible assets, net 531,411 557,689
Other assets 9,743 10,366
Total assets 5,119,818 4,735,426
Current liabilities:    
Accounts payable 417,500 456,446
Current portion of long-term debt 50,000 48,750
Accrued liabilities 178,709 191,786
Short-term operating lease liabilities 66,884 68,713
Short-term finance lease liabilities 1,192 1,487
Total current liabilities 714,285 767,182
Long-term debt 1,833,213 1,327,159
Deferred tax liabilities, net 237,503 240,343
Long-term portion of insurance reserves 58,339 57,700
Long-term operating lease liabilities 129,166 129,360
Long-term finance lease liabilities 1,948 2,618
Other liabilities 1,366 1,446
Total liabilities 2,975,820 2,525,808
Commitments and contingencies
Equity:    
Preferred stock, $0.01 par value: 10,000,000 shares authorized; 0 shares issued and outstanding
Common stock, $0.01 par value: 250,000,000 shares authorized; 39,605,666 shares issued and 28,710,661 outstanding at June 30, 2025, and 39,554,033 shares issued and 29,367,087 outstanding at December 31, 2024 396 396
Treasury stock, 10,895,005 shares at June 30, 2025, and 10,186,946 shares at December 31, 2024, at cost (2,041,581) (1,681,230)
Additional paid-in capital 935,784 926,137
Retained earnings 3,268,508 2,993,521
Accumulated other comprehensive loss (19,109) (29,206)
Total equity 2,143,998 2,209,618
Total liabilities and equity $ 5,119,818 $ 4,735,426