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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current Assets:    
Cash and cash equivalents $ 125,775 $ 129,823
Receivables, net 446,569 422,050
Inventories (Note 6) 257,118 265,558
Other current assets 40,344 34,452
Total current assets 869,806 851,883
Property, Plant and Equipment:    
Cost 2,605,219 2,585,058
Less: Accumulated depreciation (1,399,585) (1,378,393)
Property, plant and equipment, net 1,205,634 1,206,665
Goodwill, net 96,309 97,442
Other intangible assets, net 50,564 52,571
Long-term investments (Note 3) 23,466 26,804
Operating lease assets (Note 7) 71,483 70,646
Other non-current assets 55,885 57,343
Total assets 2,373,147 2,363,354
Current Liabilities:    
Current maturities of debt (Note 14) 245,861 252,898
Accounts payable 256,880 233,031
Accrued liabilities 126,112 121,941
Total current liabilities 628,853 607,870
Deferred income taxes 10,257 10,373
Long-term debt, less current maturities (Note 14) 400,121 401,248
Non-current operating lease liabilities (Note 7) 59,063 58,026
Other non-current liabilities 60,331 69,347
Commitments and Contingencies (Note 8)
Equity:    
Common stock, $1 par value; authorized 60,000,000 shares; 27,124,666 issued shares in 2024 and 27,005,852 issued shares in 2023 27,125 27,006
Additional paid-in capital 248,337 247,032
Accumulated other comprehensive loss (Note 11) (136,266) (130,602)
Retained earnings 1,262,937 1,257,466
Less: Common treasury stock, at cost, 4,650,882 shares in 2024 and 4,628,072 shares in 2023 (187,611) (184,412)
Total Stepan Company stockholders’ equity 1,214,522 1,216,490
Total liabilities and equity $ 2,373,147 $ 2,363,354