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Consolidated Balance Sheets - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 129,823,000 $ 173,750,000
Receivables, less allowances of $11,143 in 2023 and $11,100 in 2022 422,050,000 436,914,000
Inventories (Note 5) 265,558,000 402,531,000
Other current assets 34,452,000 31,607,000
Total current assets 851,883,000 1,044,802,000
Property, Plant and Equipment:    
Land 52,842,000 50,695,000
Buildings and improvements 335,033,000 293,264,000
Machinery and equipment 1,796,820,000 1,640,478,000
Construction in progress 400,363,000 386,115,000
Property, Plant and Equipment, Gross 2,585,058,000 2,370,552,000
Less: Accumulated depreciation (1,378,393,000) (1,297,255,000)
Property, plant and equipment, net 1,206,665,000 1,073,297,000
Goodwill, net (Note 4) 97,442,000 95,922,000
Other intangible assets, net (Note 4) 52,571,000 58,026,000
Long-term investments (Note 2) 26,804,000 23,294,000
Operating lease assets (Note 7) 70,646,000 62,540,000
Other non-current assets 57,343,000 75,291,000
Total Assets 2,363,354,000 2,433,172,000
Current Liabilities:    
Current maturities of debt (Note 6) 252,898,000 132,111,000
Accounts payable 233,031,000 375,726,000
Accrued liabilities (Note 14) 121,941,000 162,812,000
Total current liabilities 607,870,000 670,649,000
Deferred income taxes (Note 9) 10,373,000 10,179,000
Long-term debt, less current maturities (Note 6) 401,248,000 455,029,000
Non-current operating lease liability (Note 7) 58,026,000 50,559,000
Other non-current liabilities (Note 15) 69,347,000 80,691,000
Commitments and Contingencies (Note 16)
Equity (Note 10):    
Common stock, $1 par value; 60,000,000 authorized shares; 27,005,852 issued shares in 2023 and 26,840,843 issued shares in 2022 27,006,000 26,841,000
Additional paid-in capital 247,032,000 237,202,000
Accumulated other comprehensive loss (Note 19) (130,602,000) (167,512,000)
Retained earnings 1,257,466,000 1,250,130,000
Less: Common treasury stock, at cost, 4,628,072 shares in 2023 and 4,605,858 shares in 2022 (184,412,000) (180,596,000)
Total Stepan Company stockholders’ equity 1,216,490,000 1,166,065,000
Total Liabilities and Equity $ 2,363,354,000 $ 2,433,172,000