Balance Sheet

v3.24.2

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 29, 2024	Dec. 30, 2023
Current assets:
Cash and cash equivalents	$ 825,655	$ 1,170,893
Short-term investments	0	98,146
Accounts receivable, less allowance for doubtful accounts of $2,549 in 2024 and $2,830 in 2023	522,572	351,561
Inventories	406,217	380,248
Other current assets	50,347	39,173
Total current assets	1,804,791	2,040,021
Property, plant, and equipment, net	471,443	385,165
Operating lease right-of-use assets	34,534	35,170
Goodwill, net	608,919	151,820
Intangible assets, net	43,466	46,208
Investments in unconsolidated affiliates	77,450	83,436
Other assets	25,582	17,481
Total assets	3,066,185	2,759,301
Current liabilities:
Current portion of debt	785	796
Accounts payable	198,537	120,485
Accrued wages and other employee costs	42,259	55,644
Current portion of operating lease liabilities	8,000	7,893
Other current liabilities	137,647	132,320
Total current liabilities	387,228	317,138
Long-term debt, less current portion	74	185
Pension liabilities	2,708	2,832
Postretirement benefits other than pensions	8,988	9,230
Environmental reserves	14,808	15,030
Deferred income taxes	20,023	19,134
Noncurrent operating lease liabilities	26,330	26,683
Other noncurrent liabilities	33,168	10,353
Total liabilities	493,327	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 113,403,336 in 2024 and 114,157,918 in 2023	1,604	1,604
Additional paid-in capital	325,763	312,171
Retained earnings	2,847,420	2,594,300
Accumulated other comprehensive loss	(60,162)	(47,221)
Treasury common stock, at cost	(568,522)	(523,409)
Total Mueller Industries, Inc. stockholders' equity	2,546,103	2,337,445
Noncontrolling interests	26,755	21,271
Total equity	2,572,858	2,358,716
Commitments and contingencies	0	0
Total liabilities and equity	$ 3,066,185	$ 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).

Source