Franklin Electric Co Inc

Common Name

Franklin Electric

Country

United States

Sector

Industrials

Industry

Specialty Industrial Machinery

Employees

6,300

Ticker

FELE

Exchange

NASDAQ/NGS

Website

franklin-electric.com

Description

Franklin Electric Co., Inc. is a leading manufacturer and distributor of systems and components for the movement and management of water and fuel. Founded in 1944, the company is headquartered in Fort... Show more

Financial Statements of Franklin Electric

Below are the financial statements of Franklin Electric, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.

Income Statement (as reported) Balance Sheet (as reported)

All figures in millions of USD	2024	2023
Current assets	—	—
Cash and cash equivalents	220.54^a	84.96^a
Receivables, less allowances of $3,547 and $3,594, respectively	226.83^a	222.42^a
Inventories	—	—
Raw material	160.88^a	176.71^a
Work-in-process	25^a	26.88^a
Finished goods	298^a	305.11^a
Total inventories	483.88^a	508.7^a
Other current assets	32.95^a	37.72^a
Total current assets	964.19^a	853.8^a
Property, plant, and equipment, at cost	—	—
Land and buildings	161.86^a	167.03^a
Machinery and equipment	316.45^a	316.23^a
Furniture and fixtures	58.3^a	57^a
Other	67^a	59.75^a
Property, plant, and equipment, gross	603.62^a	600^a
Less: Allowance for depreciation	-380.05^a	-370.26^a
Property, plant, and equipment, net	223.57^a	229.74^a
Assets	—	—
Lease right-of-use assets, net	62.64^a	57.01^a
Deferred income taxes	8.21^a	8.76^a
Intangible assets, net	212.97^a	230.03^a
Goodwill	338.5^a	342.4^a
Other assets	10.53^a	6.39^a
Total assets	1,820.61^a	1,728.12^a
Current liabilities	—	—
Accounts payable	157.05^a	152.42^a
Accrued expenses and other current liabilities	119.77^a	100.25^a
Current lease liability	18.88^a	17.32^a
Income taxes	20.22^a	4.7^a
Current maturities of long-term debt and short-term borrowings	117.81^a	12.36^a
Total current liabilities	433.73^a	287.04^a
Liabilities and equity	—	—
Long-term debt	11.62^a	88.06^a
Long-term lease liability	43.3^a	38.55^a
Income taxes payable non-current	0^a	4.84^a
Deferred income taxes	10.19^a	29.46^a
Employee benefit plans	29.81^a	35.97^a
Other long-term liabilities	22.12^a	33.91^a
Redeemable noncontrolling interest	1.22^a	1.15^a
Shareholders’ equity	—	—
Common stock	4.57^a	4.61^a
Additional paid-in capital	363.96^a	344.72^a
Retained earnings	1,151.58^a	1,078.51^a
Accumulated other comprehensive loss	-254^a	-221.11^a
Total shareholders’ equity	1,266.1^a	1,206.72^a
Noncontrolling interest	2.51^a	2.43^a
Total equity	1,268.61^a	1,209.15^a
Total liabilities and equity	1,820.61^a	1,728.12^a

Verified Sources Behind Franklin Electric’s Financial Fundamentals Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Franklin Electric’s data sources below and access millions more through our Disclosure Search.

a. Franklin Electric's 10-K 2024

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Franklin Electric Co Inc

Financial Statements of Franklin Electric

Verified Sources Behind Franklin Electric’s Financial Fundamentals Data

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