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Consolidated Balance Sheets - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 173,750,000 $ 159,186,000
Receivables, less allowances of $11,100 in 2022 and $10,157 in 2021 436,914,000 419,542,000
Inventories (Note 5) 402,531,000 305,538,000
Other current assets 31,607,000 29,102,000
Total current assets 1,044,802,000 913,368,000
Property, Plant and Equipment:    
Land 50,695,000 50,675,000
Buildings and improvements 293,264,000 260,809,000
Machinery and equipment 1,640,478,000 1,541,925,000
Construction in progress 386,115,000 237,548,000
Property, Plant and Equipment, Gross 2,370,552,000 2,090,957,000
Less: Accumulated depreciation (1,297,255,000) (1,240,353,000)
Property, plant and equipment, net 1,073,297,000 850,604,000
Goodwill, net (Note 4) 95,922,000 97,187,000
Other intangible assets, net (Note 4) 58,026,000 60,784,000
Long-term investments (Note 2) 23,294,000 34,495,000
Operating lease assets (Note 7) 62,540,000 69,612,000
Other non-current assets 75,291,000 39,562,000
Total Assets 2,433,172,000 2,065,612,000
Current Liabilities:    
Current maturities of long-term debt (Note 6) 132,111,000 40,718,000
Accounts payable 375,726,000 323,362,000
Accrued liabilities (Note 14) 162,812,000 136,396,000
Total current liabilities 670,649,000 500,476,000
Deferred income taxes (Note 9) 10,179,000 12,491,000
Long-term debt, less current maturities (Note 6) 455,029,000 322,862,000
Non-current operating lease liability (Note 7) 50,559,000 56,668,000
Other non-current liabilities (Note 15) 80,691,000 98,922,000
Commitments and Contingencies (Note 16)
Equity (Note 10):    
Common stock, $1 par value; 60,000,000 authorized shares; 26,840,843 issued shares in 2022 and 26,760,714 issued shares in 2021 26,841,000 26,761,000
Additional paid-in capital 237,202,000 220,820,000
Accumulated other comprehensive loss (Note 19) (167,512,000) (153,236,000)
Retained earnings 1,250,130,000 1,133,550,000
Less: Common treasury stock, at cost, 4,605,845 shares in 2022 and 4,340,729 shares in 2021 (180,596,000) (153,702,000)
Total Stepan Company stockholders’ equity 1,166,065,000 1,074,193,000
Total Liabilities and Equity $ 2,433,172,000 $ 2,065,612,000