Fortrea Holdings Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '24 Jun 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	126.2	108.6	112	94.6	80.3
Cash & Short-Term Investments	127.3	108.6	112	94.6	80.3
Cash Growth	11.37%	-3.04%	18.39%	17.81%	-
Accounts Receivable	637.9	1,052	1,022	927	741.7
Other Receivables	-	22	29.2	22.8	51.9
Receivables	637.9	1,074	1,051	949.8	793.6
Prepaid Expenses	122.1	35.3	32.7	-	-
Other Current Assets	0.4	35.1	50.8	73.1	66
Total Current Assets	887.7	1,253	1,247	1,118	939.9
Property, Plant & Equipment	173.1	220.9	164.9	162.6	178.1
Goodwill	1,726	2,029	1,997	2,081	2,103
Other Intangible Assets	691.9	771.2	823.3	935.5	1,093
Long-Term Deferred Tax Assets	3.2	3.2	1.2	1.4	1.6
Other Long-Term Assets	83.8	79.5	54.3	70.8	24.8
Total Assets	3,565	4,357	4,288	4,369	4,340
Accounts Payable	144.2	132.8	81.5	60.5	67.2
Accrued Expenses	343.2	258.2	256.1	364.5	267.9
Current Portion of Long-Term Debt	-	26.1	-	-	-
Current Portion of Leases	13.5	19.5	23.3	24	26.6
Current Income Taxes Payable	-	61.9	39.5	40.5	33.8
Current Unearned Revenue	248	241.4	271.5	307	266.6
Other Current Liabilities	0.1	36	27.1	30.2	38.4
Total Current Liabilities	749	775.9	699	826.7	700.5
Long-Term Debt	1,124	1,569	-	-	-
Long-Term Leases	65.8	66.5	40.1	53.2	58.3
Long-Term Deferred Tax Liabilities	136.1	148.8	184.5	210.3	253.5
Other Long-Term Liabilities	29.1	57.5	19.6	13.3	36.5
Total Liabilities	2,104	2,618	945.3	1,108	1,049
Common Stock	0.1	0.1	3,619	3,409	3,412
Additional Paid-In Capital	2,018	2,006	-	-	-
Retained Earnings	-307.9	-49.1	-	-	-
Comprehensive Income & Other	-249	-218.4	-276	-148.4	-120.4
Shareholders' Equity	1,461	1,739	3,343	3,261	3,292
Total Liabilities & Equity	3,565	4,357	4,288	4,369	4,340
Total Debt	1,204	1,681	63.4	77.2	84.9
Net Cash (Debt)	-1,076	-1,572	48.6	17.4	-4.6
Net Cash Growth	-	-	179.31%	-	-
Net Cash Per Share	-12.09	-17.70	0.55	0.20	-
Filing Date Shares Outstanding	89.6	89.4	88.8	88.8	-
Total Common Shares Outstanding	89.5	88.8	88.8	88.8	-
Working Capital	138.7	477.2	547.9	290.8	239.4
Book Value Per Share	16.33	19.58	37.64	-	-
Tangible Book Value	-956.5	-1,062	522	244.2	95.6
Tangible Book Value Per Share	-10.69	-11.96	5.88	-	-
Land	-	6	14.6	15.5	15.6
Machinery	-	92.5	83	80.7	62.4
Construction In Progress	-	45.9	41.4	12.2	14
Leasehold Improvements	-	72.1	30	31.9	36.9
Order Backlog	-	7,400	-	-	7,858

Source: S&P Capital IQ. Standard template. Financial Sources.