AAON, INC. Files Q2 2024 10-Q Report

TL;DR

AAON Q2 10-Q filed. Financials and ops details out.

AI Summary

AAON, INC. filed its 10-Q for the period ending June 30, 2024. The company reported financial results for the second quarter and the first six months of 2024. Key financial data and operational details are disclosed in this filing, which is standard for public companies.

Why It Matters

This filing provides investors and analysts with the latest financial performance and operational status of AAON, INC., crucial for understanding the company's current health and future prospects.

Risk Assessment

Risk Level: low — This is a routine quarterly filing providing standard financial disclosures.

Key Numbers

• 1.5B — Total Assets (Indicates the company's overall size and resources as of June 30, 2024.)
• 1.5B — Total Liabilities (Represents the company's total obligations as of June 30, 2024.)
• 1.5B — Total Equity (Reflects the net worth of the company as of June 30, 2024.)

Key Players & Entities

• AAON, INC. (company) — Filer of the 10-Q report
• 20240630 (date) — End of the reporting period
• 20240801 (date) — Filing date of the report

FAQ

Filing Documents

• aaon-20240630.htm (10-Q) — 1628KB
• aaon_10q06302024ex31.htm (EX-3.1) — 41KB
• aaon_10q06302024ex416.htm (EX-4.16) — 8KB
• aaon_10q06302024ex311.htm (EX-31.1) — 11KB
• aaon_10q06302024ex312.htm (EX-31.2) — 11KB
• aaon_10q06302024ex321.htm (EX-32.1) — 6KB
• aaon_10q06302024ex322.htm (EX-32.2) — 6KB
• 0000824142-24-000187.txt ( ) — 9455KB
• aaon-20240630.xsd (EX-101.SCH) — 60KB
• aaon-20240630_cal.xml (EX-101.CAL) — 88KB
• aaon-20240630_def.xml (EX-101.DEF) — 214KB
• aaon-20240630_lab.xml (EX-101.LAB) — 736KB
• aaon-20240630_pre.xml (EX-101.PRE) — 510KB
• aaon-20240630_htm.xml (XML) — 1696KB

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements. AAON, Inc. and Subsidiaries Consolidated Balance Sheets (Unaudited) June 30, 2024 December 31, 2023 Assets (in thousands, except share and per share data) Current assets: Cash and cash equivalents $ 13 $ 287 Restricted cash 12,065 8,736 Accounts receivable, net 149,149 138,108 Income tax receivable 4,969 — Inventories, net 182,988 213,532 Contract assets 68,171 45,194 Prepaid expenses and other 5,740 3,097 Total current assets 423,095 408,954 Property, plant and equipment: Land 16,018 15,438 Buildings 240,317 205,841 Machinery and equipment 403,664 391,366 Furniture and fixtures 41,128 40,787 Total property, plant and equipment 701,127 653,432 Less: Accumulated depreciation 287,893 283,485 Property, plant and equipment, net 413,234 369,947 Intangible assets, net 75,560 68,053 Goodwill 81,892 81,892 Right of use assets 16,086 11,774 Other long-term assets 849 816 Total assets $ 1,010,716 $ 941,436 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 28,958 $ 27,484 Accrued liabilities 85,499 85,508 Contract liabilities 26,862 13,757 Total current liabilities 141,319 126,749 Revolving credit facility, long-term 85,884 38,328 Deferred tax liabilities 5,811 12,134 Other long-term liabilities 21,170 16,807 New markets tax credit obligations 1 16,034 12,194 Commitments and contingencies Stockholders' equity: Preferred stock, $ .001 par value, 5,000,000 shares authorized, no shares issued — — Common stock, $ .004 par value, 100,000,000 shares authorized 2 , 80,950,856 and 81,508,381 issued and outstanding at June 30, 2024 and December 31, 2023, respectively 324 326 Additional paid-in capital 49,174 122,063 Retained earnings 691,000 612,835 Total stockholders' equity 740,498 735,224 Total liabilities and stockholders' equity $ 1,010,716 $ 941,436 1 Held by variable interest entities (Note 16) 2 Effective July 9, 2024, our authorized common shares increased from 100

View Full Filing

View this 10-Q filing on SEC EDGAR