Balance Sheet

v3.25.0.1

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 28, 2024	Dec. 30, 2023
Current assets:
Cash and cash equivalents	$ 1,037,229	$ 1,170,893
Short-term investments	21,874	98,146
Accounts receivable, less allowance for doubtful accounts of $3,724 in 2024 and $2,830 in 2023	450,113	351,561
Inventories	462,279	380,248
Other current assets	40,734	39,173
Total current assets	2,012,229	2,040,021
Property, plant, and equipment, net	515,131	385,165
Operating lease right-of-use assets	32,702	35,170
Goodwill, net	311,165	151,820
Intangible assets, net	306,357	46,208
Investment in unconsolidated affiliates	88,037	83,436
Other noncurrent assets	25,285	17,481
Total Assets	3,290,906	2,759,301
Current liabilities:
Current portion of debt	1,094	796
Accounts payable	173,743	120,485
Accrued wages and other employee costs	60,136	55,644
Current portion of operating lease liabilities	8,117	7,893
Other current liabilities	154,897	132,320
Total current liabilities	397,987	317,138
Long-term debt, less current portion	0	185
Pension liabilities	3,059	2,832
Postretirement benefits other than pensions	8,140	9,230
Environmental reserves	15,423	15,030
Deferred income taxes	25,742	19,134
Noncurrent operating lease liabilities	24,547	26,683
Other noncurrent liabilities	11,600	10,353
Total liabilities	486,498	400,585
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 113,751,127 in 2024 and 114,157,918 in 2023	1,604	1,604
Additional paid-in capital	330,532	312,171
Retained earnings	3,107,838	2,594,300
Accumulated other comprehensive loss	(80,279)	(47,221)
Treasury common stock, at cost	(586,530)	(523,409)
Total Mueller Industries, Inc. stockholders' equity	2,773,165	2,337,445
Noncontrolling interests	31,243	21,271
Total equity	2,804,408	2,358,716
Commitments and contingencies	0	0
Total Liabilities and Equity	$ 3,290,906	$ 2,759,301

- 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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