SEC Filings

10-Q
LINCOLN ELECTRIC HOLDINGS INC filed this Form 10-Q on 10/30/2017
Entire Document
 

LINCOLN ELECTRIC HOLDINGS, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands)
 
 
September 30, 2017
 
December 31, 2016
 
(UNAUDITED)
 
(NOTE 1)
ASSETS
 

 
 

Current Assets
 

 
 

Cash and cash equivalents
$
299,453

 
$
379,179

Accounts receivable (less allowance for doubtful accounts of $16,427 in 2017; $7,768 in 2016)
401,231

 
273,993

Inventories (Note 6)
389,722

 
255,406

Marketable securities (Note 14)
179,284

 
38,922

Other current assets
108,991

 
96,213

Total Current Assets
1,378,681

 
1,043,713

Property, plant and equipment (less accumulated depreciation of $772,366 in 2017; $716,665 in 2016)
475,071

 
372,377

Goodwill
235,899

 
231,919

Other assets
321,452

 
295,428

TOTAL ASSETS
$
2,411,103

 
$
1,943,437

 
 
 
 
LIABILITIES AND EQUITY
 

 
 

Current Liabilities
 

 
 

Short-term debt (Note 10)
$
2,135

 
$
1,889

Trade accounts payable
242,253

 
176,757

Other current liabilities
295,468

 
209,461

Total Current Liabilities
539,856

 
388,107

Long-term debt, less current portion (Note 10)
704,804

 
703,704

Other liabilities
220,515

 
139,420

Total Liabilities
1,465,175

 
1,231,231

Shareholders’ Equity
 

 
 

Common shares
9,858

 
9,858

Additional paid-in capital
330,522

 
309,417

Retained earnings
2,389,771

 
2,236,071

Accumulated other comprehensive loss
(250,349
)
 
(329,037
)
Treasury shares
(1,534,650
)
 
(1,514,832
)
Total Shareholders’ Equity
945,152

 
711,477

Non-controlling interests
776

 
729

Total Equity (Note 5)
945,928

 
712,206

TOTAL LIABILITIES AND EQUITY
$
2,411,103

 
$
1,943,437


See notes to these consolidated financial statements.

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