Balance Sheet

v3.25.1

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 29, 2025	Dec. 28, 2024
Current assets:
Cash and cash equivalents	$ 830,100	$ 1,037,229
Short-term investments	43,497	21,874
Accounts receivable, less allowance for doubtful accounts of $2,562 in 2025 and $3,724 in 2024	553,106	450,113
Inventories	482,155	462,279
Other current assets	51,202	40,734
Total current assets	1,960,060	2,012,229
Property, plant, and equipment, net	515,208	515,131
Operating lease right-of-use assets	32,677	32,702
Goodwill, net	311,380	311,165
Intangible assets, net	301,297	306,357
Investments in unconsolidated affiliates	80,779	88,037
Other assets	29,903	25,285
Total assets	3,231,304	3,290,906
Current liabilities:
Current portion of debt	128	1,094
Accounts payable	223,609	173,743
Accrued wages and other employee costs	35,622	60,136
Current portion of operating lease liabilities	8,358	8,117
Other current liabilities	188,654	154,897
Total current liabilities	456,371	397,987
Long-term debt, less current portion	0	0
Pension liabilities	223	3,059
Postretirement benefits other than pensions	8,202	8,140
Environmental reserves	15,374	15,423
Deferred income taxes	27,736	25,742
Noncurrent operating lease liabilities	24,430	24,547
Other noncurrent liabilities	11,869	11,600
Total liabilities	544,205	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 110,646,538 in 2025 and 113,751,127 in 2024	1,604	1,604
Additional paid-in capital	337,445	330,532
Retained earnings	3,237,627	3,107,838
Accumulated other comprehensive loss	(74,837)	(80,279)
Treasury common stock, at cost	(835,402)	(586,530)
Total Mueller Industries, Inc. stockholders' equity	2,666,437	2,773,165
Noncontrolling interests	20,662	31,243
Total equity	2,687,099	2,804,408
Commitments and contingencies	0	0
Total liabilities and equity	$ 3,231,304	$ 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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