Balance Sheet

v3.25.2

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 28, 2025	Dec. 28, 2024
Current assets:
Cash and cash equivalents	$ 1,001,769	$ 1,037,229
Short-term investments	56,709	21,874
Accounts receivable, less allowance for doubtful accounts of $2,931 in 2025 and $3,724 in 2024	592,564	450,113
Inventories	511,725	462,279
Other current assets	51,367	40,734
Total current assets	2,214,134	2,012,229
Property, plant, and equipment, net	532,970	515,131
Operating lease right-of-use assets	30,522	32,702
Goodwill, net	298,366	311,165
Intangible assets, net	297,536	306,357
Investments in unconsolidated affiliates	84,095	88,037
Other assets	29,819	25,285
Total assets	3,487,442	3,290,906
Current liabilities:
Current portion of debt	74	1,094
Accounts payable	212,476	173,743
Accrued wages and other employee costs	45,283	60,136
Current portion of operating lease liabilities	8,393	8,117
Other current liabilities	189,739	154,897
Total current liabilities	455,965	397,987
Long-term debt, less current portion	0	0
Pension liabilities	229	3,059
Postretirement benefits other than pensions	8,510	8,140
Environmental reserves	15,156	15,423
Deferred income taxes	32,212	25,742
Noncurrent operating lease liabilities	22,461	24,547
Other noncurrent liabilities	12,286	11,600
Total liabilities	546,819	486,498
Mueller Industries, Inc. stockholders' equity:
Preferred stock - $1.00 par value; shares authorized 5,000,000; none outstanding	0	0
Common stock - $.01 par value; shares authorized 250,000,000; issued 160,366,008; outstanding 110,693,369 in 2025 and 113,751,127 in 2024	1,604	1,604
Additional paid-in capital	344,906	330,532
Retained earnings	3,455,935	3,107,838
Accumulated other comprehensive loss	(51,115)	(80,279)
Treasury common stock, at cost	(834,770)	(586,530)
Total Mueller Industries, Inc. stockholders' equity	2,916,560	2,773,165
Noncontrolling interests	24,063	31,243
Total equity	2,940,623	2,804,408
Commitments and contingencies	0	0
Total liabilities and equity	$ 3,487,442	$ 3,290,906

- Definition

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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