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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 133,929 $ 173,750
Receivables, net 423,399 436,914
Inventories (Note 6) 339,961 402,531
Other current assets 41,433 31,607
Total current assets 938,722 1,044,802
Property, Plant and Equipment:    
Cost 2,517,028 2,370,552
Less: Accumulated depreciation (1,351,244) (1,297,255)
Property, plant and equipment, net 1,165,784 1,073,297
Goodwill, net (Note 16) 98,523 95,922
Other intangible assets, net 56,501 58,026
Long-term investments (Note 3) 25,029 23,294
Operating lease assets (Note 7) 68,202 62,540
Other non-current assets 78,057 75,291
Total assets 2,430,818 2,433,172
Current Liabilities:    
Current maturities of long-term debt (Note 14) 244,360 132,111
Accounts payable 287,567 375,726
Accrued liabilities 110,110 162,812
Total current liabilities 642,037 670,649
Deferred income taxes 9,071 10,179
Long-term debt, less current maturities (Note 14) 438,269 455,029
Non-current operating lease liabilities (Note 7) 55,923 50,559
Other non-current liabilities 70,421 80,691
Commitments and Contingencies (Note 8)
Equity:    
Common stock, $1 par value; authorized 60,000,000 shares; 26,978,171 issued shares in 2023 and 26,840,843 issued shares in 2022 26,978 26,841
Additional paid-in capital 242,215 237,202
Accumulated other comprehensive loss (Note 11) (132,370) (167,512)
Retained earnings 1,262,639 1,250,130
Less: Common treasury stock, at cost, 4,627,565 shares in 2023 and 4,605,858 shares in 2022 (184,365) (180,596)
Total Stepan Company stockholders’ equity 1,215,097 1,166,065
Total liabilities and equity $ 2,430,818 $ 2,433,172