Minerals Technologies MTX Balance Sheet Statement

	FY'25	FY'24	FY'23	FY'22
Cash and cash equivalents	$329M-1.2%	$333.1M+5.0%	$317.2M+28.3%	$247.2M-17.5%
Short-term investments	$3.6M-10.0%	$4M-7.0%	$4.3M-23.2%	$5.6M+14.3%
Accounts receivable, net	$400.1M+3.9%	$385.2M-3.5%	$399.1M-1.2%	$404M+9.8%
Inventories	$350.2M+2.4%	$342.1M+5.1%	$325.4M-6.7%	$348.8M+17.2%
Raw materials	$160.6M-4.2%	$167.7M+16.2%	$144.3M-11.7%	$163.4M+19.6%
Work in process	$13.3M+8.1%	$12.3M+5.1%	$11.7M-25.0%	$15.6M+45.8%
Finished goods	$117.3M+9.9%	$106.7M-6.0%	$113.5M-0.4%	$114M+14.7%
Prepaid expenses and other current assets	$72.7M+9.2%	$66.6M+25.7%	$53M-18.3%	$64.9M+10.8%
Total current assets	$1.16B+2.2%	$1.13B+2.9%	$1.1B+2.7%	$1.07B+4.1%
Property and equipment, net	$1.03B+3.6%	$989.7M+0.3%	$986.8M-6.1%	$1.05B+0.1%
Accumulated depreciation	$1.28B+3.0%	$1.25B+3.6%	$1.2B-2.8%	$1.24B-0.7%
Goodwill	$915.9M+0.2%	$913.8M0.0%	$913.6M-0.1%	$914.8M+0.8%
Intangible assets, net	$208.7M-4.3%	$218.1M-5.6%	$231M-4.5%	$241.9M-3.9%
Deferred tax assets	$90.7M+291%	$23.2M-83.3%	$139.3M-22.8%	$180.4M-4.1%
Other non-current assets	$148.6M-56.5%	$341.3M+241%	$100.2M+0.6%	$99.6M-13.0%
Equity method investments	$24.7M+5.6%	$23.4M—	——	——
Total assets	$3.47B+2.2%	$3.39B+1.4%	$3.35B-1.6%	$3.4B+0.8%
Accounts payable	$187.9M+1.3%	$185.5M-1.7%	$188.7M-2.6%	$193.8M-1.2%
Accrued expenses	$360.8M+241%	$105.7M+14.9%	$92M-16.2%	$109.8M+29.2%
Accrued compensation	$0-100%	$2.9M—	——	——
Current portion of long-term debt	$400K-92.2%	$5.1M-94.0%	$85.4M-28.7%	$119.7M+49.6%
Short-term borrowings	$400K-92.2%	$5.1M-94.0%	$85.4M-28.7%	$119.7M+49.6%
Accrued interest	$17M+4.9%	$16.2M—	——	——
Total current liabilities	$555.4M+39.7%	$397.7M-13.0%	$457.3M-9.0%	$502.6M+19.7%
Deferred tax liabilities	$8.4M+50.0%	$5.6M—	——	——
Long-term debt	$955M-0.5%	$959.6M+5.3%	$911.1M-1.8%	$928.1M-0.9%
Other non-current liabilities	$98.7M-3.6%	$102.4M+1.9%	$100.5M-11.7%	$113.8M-16.5%
Total liabilities	$1.72B+6.7%	$1.61B-3.0%	$1.66B-7.2%	$1.79B-0.4%
Preferred stock	$0—	$0—	$0—	$0—
Common stock	$5M-95.0%	$100M+1,941%	$4.9M0.0%	$4.9M0.0%
Additional paid-in capital	$535.1M+2.1%	$523.9M+4.5%	$501.2M+2.8%	$487.6M+2.8%
Retained earnings	$2.48B-1.3%	$2.51B+6.5%	$2.36B+3.3%	$2.28B+5.3%
Accumulated other comprehensive income (loss)	-$340.4M+12.1%	-$387.1M-4.8%	-$369.4M-0.8%	-$366.5M-9.9%
Treasury stock	$968.2M+6.5%	$909.3M+7.6%	$845.3M+1.7%	$831.1M+7.2%
Noncontrolling interests	$36.3M+0.3%	$36.2M+4.3%	$34.7M+3.0%	$33.7M-16.2%
Total stockholders' equity	$1.71B-1.9%	$1.75B+5.8%	$1.65B+4.6%	$1.58B+2.6%
Total liabilities and stockholders' equity	$3.47B+2.2%	$3.39B+1.4%	$3.35B-1.6%	$3.4B+0.8%
Allowance for Doubtful Accounts	$16.7M-2.3%	$17.1M—	——	——
Allowance for Doubtful Accounts Receivable (Current)	$16.7M-2.3%	$17.1M—	——	——
Finished goods	$117.3M+9.9%	$106.7M-6.0%	$113.5M-0.4%	$114M+14.7%
Inventory Supplies Net Of Reserves	$59M+6.5%	$55.4M-0.9%	$55.9M+0.2%	$55.8M+9.4%
Other current assets	$3.1M-43.6%	$5.5M-31.3%	$8M-63.0%	$21.6M+24.1%
Deferred Tax Assets and Other Non-Current Assets	$10.8M-18.8%	$13.3M-86.7%	$100.2M+0.6%	$99.6M-13.0%
Finite-Lived Intangible Assets - Expected Amortization Expense (Year Five)	$151.2M—	——	——	——
Finite Lived Intangible Assets - Gross	$327M+0.9%	$324.2M-0.5%	$325.7M+0.3%	$324.8M+0.9%
Net Operating Loss Carryforwards	$5.4M—	——	——	——
Deferred tax assets	$15.2M+2.7%	$14.8M-7.5%	$16M-34.4%	$24.4M+6.1%
Other intangible assets—net	$208.7M-4.3%	$218.1M-5.6%	$231M-4.5%	$241.9M-3.9%
Other non-current assets	$148.6M+17.5%	$126.5M+26.2%	$100.2M+0.6%	$99.6M-13.0%
Property, plant and equipment at cost	$2.31B+3.2%	$2.24B+2.1%	$2.19B-4.3%	$2.29B-0.3%
Short-term investment securities (includes restricted investments of consolidated variable interest entities: 2026, $85; 2025, $84)	$3.6M-10.0%	$4M-7.0%	$4.3M-23.2%	$5.6M+14.3%
Software and Technology Licenses, Net	$148.6M+17.5%	$126.5M+26.2%	$100.2M+0.6%	$99.6M-13.0%
Tax Credit Carryforward Valuation Allowance	$15.1M-26.7%	$20.6M—	——	——
Current Pension and Postretirement Benefit Liabilities	$56.7M-16.0%	$67.5M+14.0%	$59.2M+7.1%	$55.3M-4.5%
Other accrued liabilities	$360.8M+241%	$105.7M+14.9%	$92M-16.2%	$109.8M+29.2%
Lease Liability Payments - Remainder of Fiscal Year	$19M—	——	——	——
Restructuring Reserve	$4.9M+104%	$2.4M-36.8%	$3.8M—	$0-100%
Short-Term Debt - Weighted-Average Interest Rate	6.6%-0.3%	6.9%—	——	——
Debt Maturity - 2027	$405.8M—	——	——	——
Debt Maturity - Thereafter	$540.6M—	——	——	——
Defined Benefit Pension Plan Liabilities (Non-Current)	$19.5M-4.9%	$20.5M-60.3%	$51.7M-18.6%	$63.5M-44.4%
Retirement and nonpension postretirement benefit obligations	$19.5M-4.9%	$20.5M-60.3%	$51.7M-18.6%	$63.5M-44.4%
Total debt	$1.01B-1.2%	$1.02B-2.9%	$1.05B-5.2%	$1.11B+2.8%
Unrecognized Deferred Tax Liability on Undistributed Foreign Earnings	$0—	——	——	——
Unrecognized Tax Benefits	$1.8M-5.3%	$1.9M-32.1%	$2.8M—	——
Unrecognized Tax Benefits - Impacting Effective Tax Rate	$1.2M—	——	——	——
Unrecognized Tax Benefits - Income Tax Penalties and Interest Accrued	$400K—	——	——	——
AOCI - Cash Flow Hedge Adjustment	$10.2M-3.8%	$10.6M—	——	——
Common Stock Par Value Per Share	$0.100.0%	$0.10—	——	——
Common Stock Shares Issued	50.1M+0.2%	50M—	——	——
Convertible Preferred Stock Authorized Shares	1M0.0%	1M—	——	——
Convertible Preferred Stock Issued Shares	0—	0—	——	——
Convertible Preferred Stock Outstanding Shares	0—	0—	——	——
Additional paid-in capital	$535.1M+2.1%	$523.9M+4.5%	$501.2M+2.8%	$487.6M+2.8%
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively	$5M0.0%	$5M+2.0%	$4.9M0.0%	$4.9M0.0%
Preferred stock; $0.001 par value; 100 shares authorized; no shares issued and outstanding	$0—	$0—	$0—	$0—
Shares Reserved for Future Issuance Under Stock Plans	1.2M-13.2%	1.4M+81.8%	780.9K-27.7%	1.1M—
Undistributed Earnings of Foreign Subsidiaries	$516.3M—	——	——	——
AOCI - Cash Flow Hedge Reclassification (Next 12 Months)	$10.2M-3.8%	$10.6M—	——	——
Cumulative Cost Basis	$2.31B+3.2%	$2.24B+2.1%	$2.19B-4.3%	$2.29B-0.3%
Defined Benefit Plan Discount Rate	$0.05+9.5%	$0.05+2.6%	$0.05—	——
Defined Benefit Plan Weighted Average Asset Allocation	100%0.0%	100%—	——	——
Defined Benefit Plan Healthcare Cost Trend Rate	5%—	——	——	——
Accumulated Other Comprehensive Income Loss Cumulative Changes In Unrecognized Pension Costs Effect Tax	$3.9M+225%	$1.2M—	——	——
Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Tax	-$100K-200%	$100K—	——	——
Allowance for doubtful accounts	$16.7M-2.3%	$17.1M—	——	——
Common stock, par value (in dollars per share)	$0.10.0%	$0.1—	——	——
Common stock, shares authorized (in shares)	$100M0.0%	$100M—	——	——
Common stock, shares issued (in shares)	$50.1M+0.2%	$49.99M—	——	——
Common Stock, Shares, Outstanding	$31.03M-2.7%	$31.9M—	——	——
Deferred Tax Liabilities, Gross	$180.7M-6.4%	$193.1M—	——	——
Deferred income taxes	$90.7M-30.5%	$130.5M-6.3%	$139.3M-22.8%	$180.4M-4.1%
Disallowed business interest expense carryforward	$17M+4.9%	$16.2M—	——	——
Deferred Tax Asset Research And Development Capitalization	$12.6M+14.5%	$11M—	——	——
Deferred Tax Assets, Net of Valuation Allowance	$105.2M+35.9%	$77.4M—	——	——
Deferred Tax Assets, Operating Loss Carryforwards	$17.6M-24.1%	$23.2M—	——	——
Deferred Tax Assets Operating Loss Carryforwards Not Subject To Expiration	$5.4M—	——	——	——
Deferred Tax Assets Operating Loss Carryforwards Subject To Expiration	$12.2M—	——	——	——
Compensation and benefits	$0-100%	$2.9M—	——	——
Accrued expenses	$62.3M+98.4%	$31.4M—	——	——
Deferred Tax Assets, Valuation Allowance	$15.1M-26.7%	$20.6M—	——	——
Deferred Tax Liabilities, Net	$75.5M-34.7%	$115.7M—	——	——
Federal and state intangible assets	$45.9M-7.3%	$49.5M—	——	——
Deferred Tax Liabilities, Other	$8.4M+50.0%	$5.6M—	——	——
Deferred Tax Liabilities Pension And Postretirement Benefits Costs	$1.6M—	$0—	——	——
Deferred Tax Liabilities, Property, Plant and Equipment	$124.8M-9.6%	$138M—	——	——
Deferred tax liabilities not recognized to unremitted earnings indefinitely reinvested	$0—	——	——	——
Salary scale, pension benefit obligation	2.8%0.0%	2.8%0.0%	2.8%—	——
Less: Fair value of plan assets at end of period	$369.9M+8.4%	$341.3M—	——	——
Defined Benefit Plan, Ultimate Health Care Cost Trend Rate	$0.05—	——	——	——
Equity method investments (Note 11)	$24.7M+5.6%	$23.4M—	——	——
Finite Lived Intangible Asset Expected Amortization Years One Through Four	——	——	——	——
Finite-Lived Intangible Assets, Accumulated Amortization	$118.3M+11.5%	$106.1M+12.0%	$94.7M+14.2%	$82.9M+17.8%
2031	$11.5M—	——	——	——
Remainder of 2026	——	——	——	——
Finite Lived Intangible Assets Amortization Expense After Year Five	$151.2M—	——	——	——
Finite Lived Intangible Assets Amortization Expense After Year Four	——	——	——	——
Gross Carrying Amount	$327M+0.9%	$324.2M-0.5%	$325.7M+0.3%	$324.8M+0.9%
2028	$6M—	——	——	——
2029	$405.8M—	——	——	——
2029	$5.7M—	——	——	——
2030	$5.7M—	——	——	——
Thereafter	$540.6M—	——	——	——
2027	$6.4M—	——	——	——
Noncontrolling interests in subsidiaries	$36.3M+0.3%	$36.2M+4.3%	$34.7M+3.0%	$33.7M-16.2%
Long-Lived Assets	$2.15B+1.3%	$2.12B-0.5%	$2.13B—	——
Current pension and PRB liabilities (included in Accrued employee compensation)	$56.7M-16.0%	$67.5M+14.0%	$59.2M+7.1%	$55.3M-4.5%
Percentage Of Total Benefit Obligation For International Pension Plans	20%—	——	——	——
Preferred Stock, Shares Authorized	$1M0.0%	$1M—	——	——
Preferred Stock, Shares Issued	$0—	$0—	——	——
Preferred Stock, Shares Outstanding	$0—	$0—	——	——
Prepaid expenses	$69.6M+13.9%	$61.1M+35.8%	$45M+3.9%	$43.3M+5.1%
Restructuring Reserve	$4.9M+104%	$2.4M-36.8%	$3.8M—	$0-100%
Incentive stock program, shares reserved for future grants (in shares)	$1.23M-13.2%	$1.42M+81.8%	$780.92K-27.7%	$1.08M—
Treasury stock, shares (in shares)	$19.07M+5.3%	$18.1M—	——	——
Undistributed Earnings of Foreign Subsidiaries	$516.3M—	——	——	——
Unrecognized tax benefits	$1.8M-5.3%	$1.9M-32.1%	$2.8M—	——
Penalties and interest accrued on unrecognized tax benefits	$400K—	——	——	——
Amount that if recognized, would affect the effective tax rate or regulatory liability	$1.2M—	——	——	——
Remainder of Fiscal Year 2024	——	——	——	——
Remainder of Fiscal Year 2025	——	——	——	——
Weighted-Average Discount Rate	5.2%+0.4%	4.8%+0.1%	4.6%—	——

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