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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
CURRENT ASSETS:    
Cash and cash equivalents $ 16,285 $ 15,428
Accounts receivable, net of allowance for credit losses of $2,436 and $2,214 at 2023 and 2022, respectively 110,699 106,913
Inventories 67,342 60,445
Prepaid expenses 13,197 15,665
Income taxes receivable 13,781 8,190
Other current assets 6,623 5,061
TOTAL CURRENT ASSETS 227,927 211,702
PROPERTY, PLANT AND EQUIPMENT, net of accumulated depreciation of $315,027 and $314,737 at 2023 and 2022, respectively 102,341 105,028
RIGHT OF USE ASSETS 56,663 52,379
INTANGIBLES, net of accumulated amortization and impairment of $17,650 and $17,475 at 2023 and 2022, respectively 7,268 7,483
GOODWILL 99,445 99,445
DEFERRED TAX ASSETS, net 67,025 68,570
OTHER ASSETS 32,948 33,747
TOTAL ASSETS 593,617 578,354
CURRENT LIABILITIES:    
Accounts payable 38,366 45,847
Accrued payroll and related costs 23,484 23,431
Taxes other than payroll and income 3,690 4,822
Unearned revenues 5,952 5,942
Operating lease liabilities 11,073 11,699
Income taxes payable 5,133 3,034
Other current liabilities 7,926 8,360
TOTAL CURRENT LIABILITIES 95,624 103,135
LONG-TERM DEBT, net 180,440 172,386
LONG-TERM OPERATING LEASE LIABILITIES 43,793 38,305
DEFERRED COMPENSATION 29,772 31,814
DEFERRED TAX LIABILITIES, net 22,268 22,877
OTHER LONG-TERM LIABILITIES 21,569 20,883
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, 46,701,102 issued and 46,634,027 outstanding at 2023 and 46,699,102 issued and 46,631,934 outstanding at 2022 1,194 1,194
Additional paid-in capital 111,235 102,254
Retained earnings 87,855 85,949
Accumulated other comprehensive income (loss) (3,538) (3,777)
Treasury shares (at cost), 67,075 at 2023 and 67,168 at 2022 (1,360) (1,362)
Total Core Laboratories N.V. shareholders' equity 195,386 184,258
Non-controlling interest 4,765 4,696
TOTAL EQUITY 200,151 188,954
TOTAL LIABILITIES AND EQUITY $ 593,617 $ 578,354