Heartland Financial USA Balance Sheet

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

Millions IDR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Cash & Equivalents	182,973	44,836	45,928
Cash & Short-Term Investments	182,973	44,836	45,928
Cash Growth	308.09%	-2.38%	-
Accounts Receivable	173,138	172,655	108,687
Other Receivables	8,452	162,202	70,757
Receivables	181,591	334,857	179,444
Inventory	184,885	129,344	108,477
Prepaid Expenses	12,102	11,483	10,521
Other Current Assets	30,255	9,197	20,855
Total Current Assets	591,806	529,717	365,225
Property, Plant & Equipment	893,690	1,004,986	823,875
Long-Term Deferred Tax Assets	-	-	292.86
Other Long-Term Assets	17,231	19,081	3,158
Total Assets	1,502,726	1,553,784	1,192,551
Accounts Payable	64,119	58,655	61,999
Accrued Expenses	30,806	41,333	15,488
Current Portion of Long-Term Debt	27,600	2,140	2,140
Current Portion of Leases	20,758	21,750	1,923
Current Income Taxes Payable	10,958	8,443	6,075
Current Unearned Revenue	-	191.55	-
Other Current Liabilities	14,035	55,325	12,457
Total Current Liabilities	168,275	187,837	100,082
Long-Term Debt	143,700	2,853	4,993
Long-Term Leases	3,516	20,758	2,470
Long-Term Deferred Tax Liabilities	4,757	2,150	-
Total Liabilities	327,662	218,752	111,427
Common Stock	20,000	19,750	19,750
Retained Earnings	1,156,646	1,315,777	1,061,438
Comprehensive Income & Other	-1,584	-497.52	-65.68
Total Common Equity	1,175,061	1,335,029	1,081,122
Minority Interest	3	2.8	1.84
Shareholders' Equity	1,175,064	1,335,032	1,081,124
Total Liabilities & Equity	1,502,726	1,553,784	1,192,551
Total Debt	195,573	47,501	11,526
Net Cash (Debt)	-12,601	-2,665	34,402
Net Cash Per Share	-10.00	-2.12	27.31
Filing Date Shares Outstanding	1,260	1,260	1,260
Total Common Shares Outstanding	25	1,260	1,260
Working Capital	423,530	341,881	265,143
Book Value Per Share	47002.44	1059.81	858.25
Tangible Book Value	1,175,061	1,335,029	1,081,122
Tangible Book Value Per Share	47002.44	1059.81	858.25
Land	11,102	11,102	11,102
Buildings	59,060	4,319	4,319
Machinery	1,358,418	1,424,129	1,254,276
Construction In Progress	8,501	63,086	55,627

Source: S&P Global Market Intelligence. Standard template. Financial Sources.