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Consolidated Balance Sheets - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Current Assets:    
Cash and cash equivalents $ 99,665,000 $ 129,823,000
Receivables, less allowances of $10,827 in 2024 and $11,143 in 2023 388,027,000 422,050,000
Inventories (Note 5) 288,722,000 265,558,000
Other current assets 34,015,000 34,452,000
Total current assets 810,429,000 851,883,000
Property, Plant and Equipment:    
Land 54,464,000 52,842,000
Buildings and improvements 399,226,000 335,033,000
Machinery and equipment 1,917,196,000 1,796,820,000
Construction in progress 275,045,000 400,363,000
Property, Plant and Equipment, Gross 2,645,931,000 2,585,058,000
Less: Accumulated depreciation (1,447,477,000) (1,378,393,000)
Property, plant and equipment, net 1,198,454,000 1,206,665,000
Goodwill, net (Note 4) 91,368,000 97,442,000
Other intangible assets, net (Note 4) 42,673,000 52,571,000
Long-term investments (Note 2) 25,558,000 26,804,000
Operating lease assets (Note 7) 71,477,000 70,646,000
Other non-current assets 64,689,000 57,343,000
Total Assets 2,304,648,000 2,363,354,000
Current Liabilities:    
Current maturities of debt (Note 6) 292,807,000 252,898,000
Accounts payable 258,787,000 233,031,000
Accrued liabilities (Note 14) 117,440,000 121,941,000
Total current liabilities 669,034,000 607,870,000
Deferred income taxes (Note 9) 9,612,000 10,373,000
Long-term debt, less current maturities (Note 6) 332,632,000 401,248,000
Non-current operating lease liability (Note 7) 57,392,000 58,026,000
Other non-current liabilities (Note 15) 66,044,000 69,347,000
Commitments and Contingencies (Note 16)
Equity (Note 10):    
Common stock, $1 par value; 60,000,000 authorized shares; 27,156,436 issued shares in 2024 and 27,005,852 issued shares in 2023 27,156,000 27,006,000
Additional paid-in capital 253,779,000 247,032,000
Accumulated other comprehensive loss (Note 19) (196,838,000) (130,602,000)
Retained earnings 1,273,886,000 1,257,466,000
Less: Common treasury stock, at cost, 4,655,798 shares in 2024 and 4,628,072 shares in 2023 (188,049,000) (184,412,000)
Total Stepan Company stockholders’ equity 1,169,934,000 1,216,490,000
Total Liabilities and Equity $ 2,304,648,000 $ 2,363,354,000