II-VI Incorporated Reports Q4 and Full-Year Fiscal 2022 Results
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II-VI Incorporated and Subsidiaries | |
Condensed Consolidated Balance Sheets (Unaudited) | |
($000) | | | | | | | | | | | | | |
June 30, | |
June 30, | | | |
2022 | | |
2021 | | |
Assets | | | | | |
Current Assets | | | | | | Cash, cash equivalents, and restricted cash | | $ | 2,582,371 | | $ | 1,591,892 | | | Accounts receivable | | | 700,331 | | | 658,962 | | | Inventories | | | 902,559 | | | 695,828 | | | Prepaid and refundable income taxes | | | 19,585 | | | 13,095 | | | Prepaid and other current assets | | | 100,346 | | | 67,617 | | |
Total Current Assets | | | 4,305,192 | | | 3,027,394 | | | Property, plant & equipment, net | | | 1,363,195 | | | 1,242,906 | | | Goodwill | | | 1,285,759 | | | 1,296,727 | | | Other intangible assets, net | | | 635,404 | | | 718,460 | | | Deferred income taxes | | | 31,714 | | | 33,498 | | | Other assets | | | 223,582 | | | 193,665 | | |
Total Assets | | $ | 7,844,846 | | $ | 6,512,650 | | | | | | | | |
Liabilities, Mezzanine Equity and Shareholders’ Equity | | | | | |
Current Liabilities | | | | | | Current portion of long-term debt | | $ | 403,212 | | $ | 62,050 | | | Accounts payable | | | 434,917 | | | 294,486 | | | Operating lease current liabilities | | | 27,574 | | | 25,358 | | | Accruals and other current liabilities | | | 401,256 | | | 347,695 | | |
Total Current Liabilities | | | 1,266,959 | | | 729,589 | | | Long-term debt | | | 1,897,214 | | | 1,313,091 | | | Deferred income taxes | | | 77,259 | | | 73,962 | | | Operating lease liabilities | | | 110,214 | | | 125,541 | | | Other liabilities | | | 109,922 | | | 138,119 | | |
Total Liabilities | | | 3,461,568 | | | 2,380,302 | | |
Total Mezzanine Equity | | | 766,803 | | | 726,178 | | |
Total Shareholders' Equity | | | 3,616,475 | | | 3,406,170 | | |
Total Liabilities, Mezzanine Equity and Shareholders’ Equity | | $ | 7,844,846 | | $ | 6,512,650 | | | | | | | | | | |
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