Shengfeng Development 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	FY 2019
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	Dec '19 Dec 31, 2019
Cash & Equivalents	11.18	26.73	21.29	18.64	27.32	18.17
Cash & Short-Term Investments	11.18	26.73	21.29	18.64	27.32	18.17
Cash Growth	-61.57%	25.56%	14.17%	-31.75%	50.31%	-
Accounts Receivable	113.54	105.19	94	84.8	83.59	56.25
Other Receivables	0.04	0.08	0.04	0.05	0.06	0.04
Receivables	113.58	105.28	94.04	84.85	83.65	56.29
Inventory	-	-	-	-	0.91	0.05
Restricted Cash	3.53	2.57	2.08	0.28	0.47	0.24
Other Current Assets	30.91	14.54	18.29	17.93	17.21	11.79
Total Current Assets	159.2	149.11	135.7	121.7	129.55	86.54
Property, Plant & Equipment	59.05	59.09	68.15	77.19	60.75	55.63
Long-Term Investments	1.9	1.91	2.04	2.14	2.02	1.84
Other Intangible Assets	11.78	12.16	6.71	7.53	7.63	7.61
Long-Term Deferred Tax Assets	5.33	6.25	3.59	5.22	6.58	7.45
Long-Term Deferred Charges	-	-	0.08	-	-	-
Other Long-Term Assets	26.53	37.32	29	30.43	25.64	18.05
Total Assets	263.78	265.84	245.26	244.21	232.18	177.1
Accounts Payable	67.36	69.06	59.09	54.09	54.73	35.36
Accrued Expenses	11.45	22.91	11.93	15.56	15.42	9.14
Short-Term Debt	37.47	37.75	49.35	47.53	51.26	35.78
Current Portion of Leases	5.49	6.32	9.63	8.13	7.45	6.92
Current Income Taxes Payable	0.38	0.34	0.19	0.02	0.17	0.16
Other Current Liabilities	-	-	0.6	0.02	-	-
Total Current Liabilities	122.15	136.38	130.8	125.35	129.02	87.36
Long-Term Leases	9.54	10.9	17.51	21.49	17.29	15.86
Long-Term Deferred Tax Liabilities	3.56	4.25	-	-	-	-
Other Long-Term Liabilities	1.77	2	1.87	1.47	1.5	1.18
Total Liabilities	146.18	153.53	150.17	148.31	147.8	104.4
Common Stock	0.01	0.01	0.01	0.01	0.01	0.01
Additional Paid-In Capital	83.76	83.76	75.58	75.58	75.58	75.58
Retained Earnings	36.58	31.54	21.25	13.46	6.56	0.47
Comprehensive Income & Other	-8.05	-7.37	-5.61	2.55	0.48	-4.89
Total Common Equity	112.3	107.95	91.22	91.59	82.62	71.17
Minority Interest	5.29	4.37	3.86	4.31	1.76	1.54
Shareholders' Equity	117.6	112.31	95.09	95.9	84.38	72.71
Total Liabilities & Equity	263.78	265.84	245.26	244.21	232.18	177.1
Total Debt	61.67	54.97	76.49	77.14	75.99	58.56
Net Cash (Debt)	-50.49	-28.24	-55.21	-58.5	-48.67	-40.39
Net Cash Per Share	-0.61	-0.35	-0.69	-0.73	-0.61	-0.50
Filing Date Shares Outstanding	82.5	82.5	82.4	80	80	80
Total Common Shares Outstanding	82.5	82.5	80	80	80	80
Working Capital	37.04	12.73	4.9	-3.65	0.54	-0.82
Book Value Per Share	1.36	1.31	1.14	1.14	1.03	0.89
Tangible Book Value	100.53	95.79	84.51	84.07	74.99	63.56
Tangible Book Value Per Share	1.22	1.16	1.06	1.05	0.94	0.79
Buildings	-	26.25	24.15	26.41	25.88	24.37
Machinery	-	40.26	42.95	48.62	41.04	35.87
Construction In Progress	-	3.26	2.22	0.75	-	-
Leasehold Improvements	-	5.63	4.96	6.31	5.3	4.84

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