XML 23 R2.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
CURRENT ASSETS:    
Cash and cash equivalents $ 15,428 $ 17,703
Accounts receivable, net of allowance for credit losses of $2,214 and $3,225 at 2022 and 2021, respectively 106,913 96,830
Inventories 60,445 45,443
Prepaid expenses 15,665 14,059
Income taxes receivable 8,190 9,911
Other current assets 5,061 5,109
TOTAL CURRENT ASSETS 211,702 189,055
PROPERTY, PLANT AND EQUIPMENT, net of accumulated depreciation of $314,737 and $306,461 at 2022 and 2021, respectively 105,028 110,952
RIGHT OF USE ASSETS 52,379 61,387
INTANGIBLES, net of accumulated amortization and impairment of $17,475 and $17,540 at 2022 and 2021, respectively 7,483 8,139
GOODWILL 99,445 99,445
DEFERRED TAX ASSETS, net 68,570 70,462
OTHER ASSETS 33,747 41,413
TOTAL ASSETS 578,354 580,853
CURRENT LIABILITIES:    
Accounts payable 45,847 29,726
Accrued payroll and related costs 23,431 20,833
Taxes other than payroll and income 4,822 5,931
Unearned revenues 5,942 7,765
Operating lease liabilities 11,699 12,342
Income taxes payable 3,034 6,502
Other current liabilities 8,360 7,683
TOTAL CURRENT LIABILITIES 103,135 90,782
LONG-TERM DEBT, net 172,386 188,636
LONG-TERM OPERATING LEASE LIABILITIES 38,305 49,286
DEFERRED COMPENSATION 31,814 39,101
DEFERRED TAX LIABILITIES, net 22,877 24,336
OTHER LONG-TERM LIABILITIES 20,883 27,711
COMMITMENTS AND CONTINGENCIES
EQUITY:    
Preference shares, EUR 0.02 par value; 6,000,000 shares authorized, none issued or outstanding 0 0
Common shares, EUR 0.02 par value; 200,000,000 shares authorized, 46,699,102 issued and 46,631,934 outstanding at 2022 and 46,454,264 issued and 46,349,397 outstanding at 2021 1,194 1,188
Additional paid-in capital 102,254 101,120
Retained earnings 85,949 68,349
Accumulated other comprehensive income (loss) (3,777) (10,133)
Treasury shares (at cost), 67,168 at 2022 and 104,867 at 2021 (1,362) (4,075)
Total Core Laboratories N.V. shareholders' equity 184,258 156,449
Non-controlling interest 4,696 4,552
TOTAL EQUITY 188,954 161,001
TOTAL LIABILITIES AND EQUITY $ 578,354 $ 580,853