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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash and cash equivalents $ 19,157 $ 15,120
Accounts receivable, net of allowance for credit losses of $3,192 and $2,280 at 2024 and 2023, respectively 111,761 109,352
Inventories 59,402 71,702
Prepaid expenses 10,176 8,153
Income taxes receivable 15,594 13,716
Other current assets 10,516 5,093
TOTAL CURRENT ASSETS 226,606 223,136
PROPERTY, PLANT AND EQUIPMENT, net of accumulated depreciation of $314,317 and $315,796 at 2024 and 2023, respectively 97,063 99,626
RIGHT OF USE ASSETS 56,488 53,842
INTANGIBLES, net of accumulated amortization and impairment of $19,326 and $18,825 at 2024 and 2023, respectively 6,403 6,926
GOODWILL 99,445 99,445
DEFERRED TAX ASSETS, net 69,613 69,201
OTHER ASSETS 34,788 34,219
TOTAL ASSETS 590,406 586,395
CURRENT LIABILITIES:    
Accounts payable 34,549 33,506
Accrued payroll and related costs 22,901 18,791
Taxes other than payroll and income 7,106 5,939
Unearned revenues 9,332 4,755
Operating lease liabilities 10,690 10,175
Income taxes payable 4,851 7,280
Other current liabilities 8,157 7,651
TOTAL CURRENT LIABILITIES 97,586 88,097
LONG-TERM DEBT, net 126,111 163,134
LONG-TERM OPERATING LEASE LIABILITIES 43,343 42,076
DEFERRED COMPENSATION 31,115 30,544
DEFERRED TAX LIABILITIES, net 13,783 12,697
OTHER LONG-TERM LIABILITIES 20,732 20,040
COMMITMENTS AND CONTINGENCIES
EQUITY:    
Preference stock, 6,000,000 shares authorized, $0.01 par value; none issued or outstanding 0 0
Common stock, 200,000,000 shares authorized, $0.01 par value, 46,966,868 issued and 46,826,820 outstanding at 2024; 46,938,557 issued and 46,856,536 outstanding at 2023 470 469
Additional paid-in capital 109,547 110,011
Retained earnings 150,280 120,756
Accumulated other comprehensive income (loss) (5,769) (4,972)
Treasury stock (at cost), 140,048 and 82,021 at 2024 and 2023, respectively (2,537) (1,449)
Total Core Laboratories Inc. shareholders' equity 251,991 224,815
Non-controlling interest 5,745 4,992
TOTAL EQUITY 257,736 229,807
TOTAL LIABILITIES AND EQUITY $ 590,406 $ 586,395