XML 19 R5.htm IDEA: XBRL DOCUMENT v3.22.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current Assets:    
Cash and cash equivalents $ 251,678 $ 201,421
Restricted cash 3,500 0
Receivables, net 584,440 559,545
Inventories, net 542,910 430,112
Prepaid expenses and other current assets 78,372 74,767
Total current assets 1,460,900 1,265,845
Property, plant and equipment, net of accumulated depreciation 776,813 854,536
Goodwill 702,867 680,594
Intangible assets, net 401,470 479,009
Operating lease right-of-use assets 115,458 122,481
Other non-current assets 77,193 73,311
Total assets 3,534,701 3,475,776
Current Liabilities:    
Current portion of long-term debt 26,850 26,850
Accounts payable 473,561 299,666
Accrued compensation and employee benefits 93,131 70,303
Current portion of operating lease liabilities 36,389 33,234
Accrued distributor fees 25,621 37,465
Accrued expenses and other current liabilities 146,773 155,042
Total current liabilities 802,325 622,560
Long-term debt 697,657 905,764
Deferred income taxes 137,971 156,283
Operating lease liabilities 73,521 83,553
Other long-term liabilities 68,920 95,041
Total liabilities 1,780,394 1,863,201
Stockholders’ equity:    
Common stock (2.5 billion shares authorized, $0.01 par value) 202.9 million shares and 200.4 million shares issued and outstanding in 2021 and 2020, respectively 2,029 2,004
Capital in excess of par value of common stock 2,315,399 2,293,179
Retained earnings (accumulated deficit) (525,158) (638,457)
Accumulated other comprehensive loss (21,625) (30,755)
ChampionX stockholders’ equity 1,770,645 1,625,971
Noncontrolling interest (16,338) (13,396)
Total equity 1,754,307 1,612,575
Total liabilities and equity $ 3,534,701 $ 3,475,776