v3.26.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current Assets    
Cash and cash equivalents $ 13,601 $ 18,460
Receivables, net (less allowance for credit loss of $3,338 and $1,190 at September 30, 2026, and December 31, 2025, respectively) 94,618 116,160
Inventory 400,979 382,741
Prepaid expenses 3,791 2,139
Refundable income taxes 0 3,209
Total current assets 512,989 522,709
Property, plant, and equipment 578,740 594,898
Less accumulated depreciation and amortization (283,378) (266,911)
Property, plant, and equipment, net 295,362 327,987
Operating lease right-of-use assets, net 10,217 13,847
Investment in joint venture 7,001 8,211
Intangible assets, net 205,265 244,696
Goodwill 0 115,667
Other assets 3,238 2,747
Total assets 1,034,072 1,235,864
Current Liabilities    
Current maturities of long-term debt 6,400 6,400
Accounts payable 42,311 54,589
Contingent consideration 0 110,800
Federal and state excise taxes payable 1,899 5,755
Income taxes payable 4,215 0
Accrued expenses and other 19,405 22,507
Total current liabilities 74,230 200,051
Long-term debt, less current maturities 138,414 49,735
Convertible senior notes 196,422 196,183
Long-term operating lease liabilities 7,322 10,561
Other noncurrent liabilities 3,213 2,534
Deferred income taxes 17,497 60,010
Total liabilities 437,098 519,074
Commitments and Contingencies (Note 8)
Capital stock    
Preferred, 5% non-cumulative; $10 par value; authorized 1,000 shares; issued and outstanding 437 shares 4 4
Common stock    
No par value; authorized 40,000,000 shares; issued 23,125,166 shares at September 30, 2026 and December 31, 2025; and 21,418,944 and 21,294,315 shares outstanding at September 30, 2026 and December 31, 2025, respectively 6,715 6,715
Additional paid-in capital 328,831 330,872
Retained earnings 321,927 445,736
Accumulated other comprehensive income (loss) 53 (373)
Treasury stock, at cost, 1,706,222 and 1,830,851 shares at September 30, 2026 and December 31, 2025, respectively (60,556) (64,518)
Total MGP Ingredients, Inc. stockholders’ equity 596,974 718,436
Noncontrolling interest 0 (1,646)
Total equity 596,974 716,790
Total liabilities and equity $ 1,034,072 $ 1,235,864

Source

10-Q XBRL Zip