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SEC Filings

10-Q
NN INC filed this Form 10-Q on 11/09/2017
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Table of Contents

NN, Inc.

Condensed Consolidated Balance Sheets

(Unaudited)

Amounts in thousands of dollars, except share data

 

     September 30,
2017
     December 31,
2016(1)
 

Assets

     

Current assets:

     

Cash and cash equivalents

   $ 347,380      $ 6,271  

Accounts receivable, net

     108,220        93,433  

Inventories

     76,641        67,137  

Income tax receivable

     —          872  

Current assets of discontinued operations

     —          106,717  

Other current assets

     20,194        6,997  
  

 

 

    

 

 

 

Total current assets

     552,435        281,427  

Property, plant and equipment, net

     238,809        230,580  

Goodwill, net

     443,496        441,402  

Intangible assets, net

     236,752        254,263  

Investment in joint venture

     37,739        36,008  

Non-current assets of discontinued operations

     —          103,290  

Other non-current assets

     8,279        9,602  
  

 

 

    

 

 

 

Total assets

   $ 1,517,510      $ 1,356,572  
  

 

 

    

 

 

 

Liabilities and Stockholders’ Equity

     

Current liabilities:

     

Accounts payable

   $ 48,330      $ 44,705  

Accrued salaries, wages and benefits

     17,362        15,762  

Income taxes payable

     65,989        —    

Current maturities of long-term debt

     21,090        12,751  

Current liabilities of discontinued operations

     —          45,421  

Other current liabilities

     22,233        20,849  
  

 

 

    

 

 

 

Total current liabilities

     175,004        139,488  

Deferred tax liabilities

     96,316        96,069  

Long-term debt, net of current portion

     793,999        785,713  

Non-current liabilities of discontinued operations

     —          11,960  

Other non-current liabilities

     10,887        12,829  
  

 

 

    

 

 

 

Total liabilities

     1,076,206        1,046,059  
  

 

 

    

 

 

 

Total stockholders’ equity

     441,304        310,513  
  

 

 

    

 

 

 

Total liabilities and stockholders’ equity

   $ 1,517,510      $ 1,356,572  
  

 

 

    

 

 

 

 

(1) Includes the effects of discontinued operations (Note 2) and prior periods’ revisions (Note 1 and Note 15)

The accompanying notes are an integral part of the Condensed Consolidated Financial Statements.

 

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