Below are the financial statements of Lincoln Electric Holdings, 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.
| All figures in thousands of USD | 2024 as of 2024-12-31 | 2023 as of 2023-12-31 |
|---|---|---|
| Assets | — | — |
| Current assets | — | — |
| Cash and cash equivalents | 377,262a | 393,787a |
| Accounts receivable | 481,979a | 538,830a |
| Inventories | 544,037a | 562,864a |
| Other current assets | 242,003a | 197,630a |
| Total current assets | 1,645,281a | 1,693,111a |
| Property, plant and equipment | 619,181a | 575,316a |
| Intangibles, net | 221,005a | 186,667a |
| Goodwill | 804,927a | 694,452a |
| Deferred income taxes | 77,611a | 45,176a |
| Other assets | 152,137a | 182,575a |
| Total assets | 3,520,142a | 3,377,297a |
| Liabilities and equity | — | — |
| Current liabilities | — | — |
| Amounts due banks | 10,520a | 2,435a |
| Trade accounts payable | 296,590a | 325,435a |
| Accrued employee compensation and benefits | 104,374a | 112,373a |
| Dividends payable | 42,158a | 40,453a |
| Other current liabilities | 325,156a | 273,910a |
| Current portion of long-term debt | 100,004a | 4a |
| Total current liabilities | 878,802a | 754,610a |
| Long-term debt, less current portion | 1,150,551a | 1,102,771a |
| Deferred income taxes | 10,464a | 13,146a |
| Other liabilities | 152,892a | 197,918a |
| Total liabilities | 2,192,709a | 2,068,445a |
| Shareholders' equity | — | — |
| Preferred shares | 0a | 0a |
| Common shares | 9,858a | 9,858a |
| Additional paid-in capital | 566,740a | 523,357a |
| Retained earnings | 3,993,016a | 3,688,038a |
| Accumulated other comprehensive loss | -300,135a | -229,847a |
| Treasury shares, at cost | -2,942,046a | -2,682,554a |
| Total equity | 1,327,433a | 1,308,852a |
| Total liabilities and total equity | 3,520,142a | 3,377,297a |
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