Heartland Financial USA Balance Sheet

Financials in millions IDR. Fiscal year is January - December.

Millions IDR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	1,776	2,066	4,932	10,166	2,961	8,531
Trading Asset Securities	-	-	-	8,962	5,992	5,498
Cash & Short-Term Investments	1,776	2,066	4,932	19,128	8,954	14,029
Cash Growth	-40.75%	-58.12%	-74.21%	113.62%	-36.18%	-
Accounts Receivable	2,865	2,318	3,469	4,819	1,237	610.41
Other Receivables	1,639	2,461	5,433	3,981	10,527	7,492
Receivables	4,504	4,778	8,902	8,800	11,764	8,103
Inventory	10,214	10,329	23,442	9,201	6,252	2,108
Prepaid Expenses	3,203	4,415	5,862	111.42	144.22	61.94
Other Current Assets	543.11	440.63	178.85	1,337	198.04	2,223
Total Current Assets	20,240	22,028	43,317	38,577	27,312	26,524
Property, Plant & Equipment	13,130	13,850	16,335	3,333	1,119	447
Long-Term Investments	49,062	49,062	47,920	26,660	20,247	11,924
Goodwill	2,763	2,763	2,763	2,763	2,763	1,555
Other Intangible Assets	1,957	2,230	3,337	106.55	144.99	128.39
Long-Term Deferred Tax Assets	2,172	2,157	137.81	94.81	5.21	-
Other Long-Term Assets	2,918	2,913	6,693	4,523	20,314	17,535
Total Assets	92,242	95,004	120,504	76,057	71,905	58,114
Accounts Payable	2,215	2,024	1,474	733.2	1,341	161.17
Accrued Expenses	895.54	1,146	945.72	560.29	151.28	75.37
Short-Term Debt	552	552	325.09	181.79	-	-
Current Portion of Leases	256.18	338.53	505.37	292.96	96.96	-
Current Income Taxes Payable	160.74	103.35	119.95	322.17	97.85	13.03
Current Unearned Revenue	148.57	27.46	217.47	233.84	80.13	1.19
Other Current Liabilities	5,360	5,364	5,423	144.78	13,407	4,163
Total Current Liabilities	9,588	9,556	9,010	2,469	15,175	4,414
Long-Term Leases	88.52	88.52	597.38	741.98	-	-
Total Liabilities	10,280	10,148	9,990	3,450	15,384	4,487
Common Stock	78,963	78,963	78,963	67,563	51,672	51,672
Additional Paid-In Capital	39,863	39,863	39,862	-	-	-
Retained Earnings	-24,255	-21,336	-4,675	5,970	912.89	906.36
Comprehensive Income & Other	-2,061	-2,061	-2,075	-3,068	-968.48	-990
Total Common Equity	92,510	95,429	112,074	70,465	51,616	51,588
Minority Interest	-10,548	-10,573	-1,560	2,143	4,904	2,038
Shareholders' Equity	81,962	84,856	110,514	72,608	56,521	53,626
Total Liabilities & Equity	92,242	95,004	120,504	76,057	71,905	58,114
Total Debt	896.7	979.06	1,428	1,217	96.96	-
Net Cash (Debt)	879.22	1,087	3,504	17,911	8,857	14,029
Net Cash Growth	-34.94%	-68.99%	-80.43%	102.22%	-36.87%	-
Net Cash Per Share	0.22	0.28	1.02	6.31	3.63	5.75
Filing Date Shares Outstanding	3,948	3,948	3,948	6.87	2,439	2,439
Total Common Shares Outstanding	3,948	3,948	3,948	6.87	2,439	2,439
Working Capital	10,652	12,472	34,307	36,108	12,137	22,110
Book Value Per Share	23.43	24.17	28.39	10256.87	21.16	21.15
Tangible Book Value	87,790	90,435	105,974	67,595	48,708	49,905
Tangible Book Value Per Share	22.24	22.91	26.84	9839.10	19.97	20.46
Buildings	9,878	9,878	275.26	275.26	110.76	110.76
Machinery	6,135	6,114	6,239	2,146	984.28	257.93
Construction In Progress	-	-	9,851	-	-	-
Leasehold Improvements	275.26	275.26	-	-	-	-

Updated Oct 29, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.