← VALMONT INDUSTRIES INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | $399.9m | $492.8m | $313.2m | $353.5m | $400.7m | $177.2m | $185.4m | $203.0m | $164.3m | $187.1m | |
| Receivables, less allowance of $54,991 and $30,408, respectively | — | — | — | — | — | — | — | — | $654.4m | $590.1m | |
| Inventories | $350.0m | $420.9m | $383.6m | $374.6m | $448.9m | $728.8m | $728.8m | $658.4m | $590.3m | $566.4m | |
| Income taxes receivable | — | — | — | — | — | — | — | — | $4.8m | $38.4m | |
| Prepaid expenses and other current assets | $57.3m | $43.6m | $42.8m | $32.0m | $59.8m | $83.6m | $87.7m | $91.8m | $87.2m | $70.7m | |
| Total current assets | $1.3b | $1.5b | $1.3b | $1.4b | $1.6b | $1.7b | $1.8b | $1.8b | $1.7b | $1.7b | |
| Property, plant, and equipment, at cost | $1.1b | $1.2b | $1.2b | $1.2b | $1.3b | $1.4b | $1.4b | $1.5b | $1.5b | $1.6b | |
| Property, plant, and equipment, net | $518.3m | $518.9m | $514.0m | $558.1m | $597.7m | $598.6m | $595.6m | $617.4m | $589.0m | $673.9m | |
| Goodwill | $321.1m | $337.7m | $385.2m | $428.9m | $430.3m | $708.6m | $739.9m | $633.0m | $623.8m | $571.0m | |
| Other intangible assets, net | $144.4m | $138.6m | $176.0m | $175.7m | $167.2m | $175.4m | $176.6m | $150.7m | $134.1m | $121.3m | |
| Operating lease right-of-use assets | — | — | — | — | — | — | — | — | $146.9m | $139.9m | |
| Contract assets | — | $16.2m | $112.5m | $141.3m | $123.5m | $142.6m | $174.5m | $175.7m | $187.3m | $266.9m | |
| Less accumulated depreciation | $587.4m | $646.8m | $646.9m | $687.1m | $743.7m | $823.5m | $837.6m | ($895.8m) | ($913.0m) | ($966.7m) | |
| Deferred compensation investments | — | — | — | — | — | — | — | — | $27.4m | $29.6m | |
| Non-current deferred tax asset | — | — | — | — | — | — | — | — | $37.9m | $57.8m | |
| Other non-current assets | $154.7m | $134.4m | $114.5m | $212.3m | $203.3m | $252.0m | $240.1m | $273.4m | $253.2m | $16.6m | |
| Notes payable to banks | $746k | $161k | $10.7m | $21.8m | $35.1m | $13.4m | $5.8m | $3.2m | $1.7m | $0 | |
| Mandatorily redeemable financial instrument | — | — | — | — | — | — | — | — | — | $8.9m | |
| Contract liabilities | — | — | — | $117.9m | $130.0m | $135.7m | $172.9m | $71.0m | $126.9m | $52.0m | |
| Income taxes payable | — | — | — | — | — | — | $3.7m | — | $22.5m | $12.6m | |
| Deferred income taxes | $35.8m | $34.9m | $43.5m | $48.0m | $41.7m | $47.8m | $41.1m | $21.2m | $6.3m | $5.3m | |
| Operating lease liabilities | — | — | $0 | $85.8m | $80.2m | $147.8m | $155.5m | $162.7m | $134.5m | $130.0m | |
| Deferred compensation liabilities | $44.3m | $48.5m | $46.1m | $45.1m | $44.5m | $35.4m | $30.3m | $32.6m | $33.3m | $29.6m | |
| Other non-current liabilities | $14.9m | $20.6m | $10.4m | $8.9m | $58.7m | $89.2m | $13.5m | $12.8m | $20.8m | $35.3m | |
| Total shareholders' equity | $943.5m | $1.1b | $1.1b | $1.1b | $1.2b | $1.4b | $1.6b | $1.4b | $1.5b | $1.6b | |
| Total assets | $2.4b | $2.6b | $2.5b | $2.8b | $3.0b | $3.4b | $3.6b | $3.5b | $3.3b | $3.4b | |
| Current installments of long-term debt | $851k | $966k | $779k | $760k | $2.7m | $4.9m | $1.2m | $719k | $692k | $513k | |
| Accounts payable | $177.5m | $227.9m | $218.1m | $198.0m | $268.1m | $347.8m | $360.3m | $358.3m | $372.2m | $359.5m | |
| Accrued employee compensation and benefits | $72.4m | $84.4m | $79.3m | $83.5m | $137.9m | $144.6m | $124.4m | $130.9m | $143.0m | $128.2m | |
| Other accrued expenses | $89.9m | $81.0m | $91.9m | $201.7m | $89.8m | $108.8m | $124.0m | $146.9m | $132.4m | $156.6m | |
| Dividends payable | $8.4m | $8.5m | $8.2m | $8.1m | $9.6m | $10.6m | $11.7m | $12.1m | $12.0m | $13.3m | |
| Long-term debt, excluding current installments | $754.8m | $753.9m | $741.8m | $764.9m | $728.4m | $947.1m | $870.9m | $1.1b | $729.9m | $795.1m | |
| Total current liabilities | $349.8m | $403.0m | $409.0m | $513.8m | $673.3m | $765.9m | $804.0m | $723.1m | $811.4m | $731.6m | |
| Defined benefit pension asset | — | — | — | — | — | — | $24.2m | $15.4m | $46.5m | $39.7m | |
| Total liabilities | — | — | — | — | — | — | $1.9b | $2.1b | $1.7b | $1.7b | |
| Redeemable noncontrolling interests | — | — | — | — | — | — | $60.9m | $62.8m | $51.5m | $9.5m | |
| Common stock of $1 par value, authorized 75,000,000 shares; issued 27,900,000 shares | $27.9m | $27.9m | $27.9m | $27.9m | $27.9m | $27.9m | $27.9m | $27.9m | $27.9m | $27.9m | |
| Retained earnings | $1.9b | $2.0b | $2.0b | $2.1b | $2.2b | $2.4b | $2.6b | $2.6b | $2.9b | $3.2b | |
| Accumulated other comprehensive loss | ($346.4m) | ($279.0m) | ($303.2m) | ($313.4m) | ($309.8m) | ($263.1m) | ($274.9m) | ($273.2m) | ($332.8m) | ($290.5m) | |
| Treasury stock | — | — | — | — | — | — | ($765.2m) | ($1.0b) | ($1.1b) | ($1.3b) | |
| Total liabilities, redeemable noncontrolling interests, and shareholders' equity | $2.4b | $2.6b | $2.5b | $2.8b | $3.0b | $3.4b | $3.6b | $3.5b | $3.3b | $3.4b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.