XML 15 R5.htm IDEA: XBRL DOCUMENT v3.23.1
CONSOLIDATED AND COMBINED CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
CURRENT ASSETS:    
Cash and cash equivalents $ 82,064 $ 72,024
Trade receivables, less allowance for credit losses of $24,587 and $23,471 404,128 374,329
Inventories, net 448,342 416,829
Prepaid expenses 55,833 56,637
Other current assets 70,330 68,851
Total current assets 1,060,697 988,670
Property, plant and equipment, net 283,808 284,226
Goodwill 1,564,317 1,529,767
Intangible assets, net 518,365 517,167
Lease assets - right of use 97,306 92,033
Other assets 324,652 342,152
Total assets 3,849,145 3,754,015
CURRENT LIABILITIES:    
Accounts payable 355,333 316,265
Accrued liabilities 275,089 285,310
Total current liabilities 630,422 601,575
Long-term debt 1,216,872 1,218,643
Other liabilities 543,560 545,339
Total liabilities 2,390,854 2,365,557
Equity:    
Common stock - $0.001 par value - Authorized 600,000,000, 60,222,263 and 60,094,725 shares outstanding as of March 31, 2023 and December 31, 2022, respectively 60 60
Additional paid-in capital 1,868,133 1,865,904
Retained earnings 188,101 159,231
Accumulated other comprehensive loss (636,709) (674,988)
Total ESAB Corporation equity 1,419,585 1,350,207
Noncontrolling interest 38,706 38,251
Total equity 1,458,291 1,388,458
Total liabilities and equity $ 3,849,145 $ 3,754,015