Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Balchem.
Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $953.68M | $922.44M | $942.36M | $799.02M | $703.64M | $643.71M | $643.68M | $594.79M | $553.20M | $552.49M |
| Cost of Revenue | $617.48M | $620.38M | $661.91M | $555.85M | $479.75M | $432.34M | $439.43M | $405.78M | $372.34M | $384.39M |
| Gross Profit | $336.21M | $302.06M | $280.45M | $243.17M | $223.90M | $211.37M | $204.25M | $189.01M | $180.86M | $168.10M |
| Gross Profit Ratio | 35.25% | 32.75% | 29.76% | 30.43% | 31.82% | 32.84% | 31.73% | 31.78% | 32.69% | 30.43% |
| Research and Development Expenses | $16.79M | $15.05M | $12.19M | $13.52M | $10.33M | $11.38M | $11.59M | $9.30M | $7.33M | $5.99M |
| General and Administrative Expenses | $67.59M | $55.73M | $55.66M | $41.73M | $43.79M | $36.51M | $27.69M | $27.73M | $27.53M | $21.90M |
| Selling and Marketing Expenses | $68.92M | $74.40M | $67.41M | $60.41M | $58.63M | $60.93M | $57.22M | $54.72M | $55.17M | $46.26M |
| Selling General and Administrative Expenses | $136.50M | $130.13M | $123.07M | $102.15M | $102.42M | $97.44M | $84.91M | $82.45M | $82.70M | $68.15M |
| Other Expenses | $- | $- | $-11.44M | $-2.27M | $-4.73M | $-6.08M | $-8.72M | $-8.77M | $-7.90M | $-309.00K |
| Operating Expenses | $153.30M | $142.86M | $135.26M | $115.67M | $112.75M | $108.81M | $96.50M | $91.75M | $90.02M | $74.14M |
| Cost and Expenses | $770.77M | $763.25M | $797.17M | $671.52M | $592.50M | $541.15M | $535.93M | $497.54M | $462.37M | $458.54M |
| Interest Income | $- | $- | $2.25M | $2.26M | $2.27M | $1.36M | $- | $12.00K | $9.00K | $9.00K |
| Interest Expense | $16.53M | $22.61M | $10.27M | $2.46M | $4.44M | $5.96M | $7.61M | $7.54M | $7.26M | $6.59M |
| Depreciation and Amortization | $-72.00K | $54.94M | $51.30M | $45.76M | $49.00M | $45.58M | $43.99M | $43.91M | $45.68M | $39.96M |
| EBITDA | $182.91M | $214.81M | $197.57M | $175.70M | $162.13M | $148.41M | $150.26M | $139.94M | $135.88M | $133.02M |
| EBITDA Ratio | 19.18% | 23.29% | 20.97% | 21.99% | 23.04% | 23.06% | 23.34% | 23.53% | 24.56% | 24.08% |
| Operating Income | $182.91M | $159.19M | $145.19M | $127.50M | $111.15M | $102.55M | $107.75M | $97.25M | $90.84M | $93.96M |
| Operating Income Ratio | 19.18% | 17.26% | 15.41% | 15.96% | 15.80% | 15.93% | 16.74% | 16.35% | 16.42% | 17.01% |
| Total Other Income Expenses Net | $-16.46M | $-21.93M | $-11.44M | $-2.27M | $-4.73M | $-6.08M | $-8.07M | $-8.41M | $-7.90M | $-6.89M |
| Income Before Tax | $166.45M | $137.26M | $133.75M | $125.23M | $106.42M | $96.48M | $99.03M | $88.49M | $82.93M | $87.06M |
| Income Before Tax Ratio | 17.45% | 14.88% | 14.19% | 15.67% | 15.12% | 14.99% | 15.38% | 14.88% | 14.99% | 15.76% |
| Income Tax Expense | $37.98M | $28.72M | $28.38M | $29.13M | $21.79M | $16.81M | $20.46M | $-1.58M | $26.96M | $27.34M |
| Net Income | $128.47M | $108.54M | $105.37M | $96.10M | $84.62M | $79.67M | $78.57M | $90.07M | $55.97M | $59.72M |
| Net Income Ratio | 13.47% | 11.77% | 11.18% | 12.03% | 12.03% | 12.38% | 12.21% | 15.14% | 10.12% | 10.81% |
| EPS | $3.97 | $3.38 | $3.29 | $2.98 | $2.63 | $2.48 | $2.44 | $2.81 | $1.76 | $1.92 |
| EPS Diluted | $3.93 | $3.35 | $3.25 | $2.94 | $2.60 | $2.45 | $2.42 | $2.79 | $1.75 | $1.89 |
| Weighted Average Shares Outstanding | 32.33M | 32.11M | 32.02M | 32.22M | 32.18M | 32.14M | 32.26M | 32.02M | 31.76M | 31.16M |
| Weighted Average Shares Outstanding Diluted | 32.72M | 32.45M | 32.39M | 32.67M | 32.50M | 32.51M | 32.45M | 32.23M | 31.92M | 31.64M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $49.52M | $64.45M | $66.56M | $103.24M | $84.57M | $65.67M | $54.27M | $40.42M | $38.64M | $84.80M |
| Short Term Investments | $- | $- | $1.41M | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $49.52M | $64.45M | $66.56M | $103.24M | $84.57M | $65.67M | $54.27M | $40.42M | $38.64M | $84.80M |
| Net Receivables | $119.66M | $125.28M | $131.58M | $117.41M | $98.21M | $93.44M | $99.55M | $91.23M | $83.25M | $60.48M |
| Inventory | $130.80M | $109.52M | $119.67M | $91.06M | $70.62M | $83.89M | $67.19M | $60.70M | $57.24M | $46.09M |
| Other Current Assets | $13.79M | $14.99M | $18.00M | $10.53M | $13.48M | $11.94M | $5.31M | $7.00M | $9.30M | $6.93M |
| Total Current Assets | $313.77M | $314.24M | $335.80M | $322.23M | $266.89M | $254.95M | $226.31M | $199.34M | $188.44M | $198.83M |
| Property Plant Equipment Net | $299.20M | $295.90M | $290.79M | $246.81M | $236.51M | $224.20M | $194.34M | $189.79M | $165.75M | $158.51M |
| Goodwill | $780.03M | $778.91M | $769.51M | $523.95M | $529.46M | $524.00M | $448.00M | $441.36M | $439.81M | $383.91M |
| Intangible Assets | $165.05M | $191.21M | $213.29M | $94.67M | $121.66M | $143.92M | $105.98M | $128.07M | $147.48M | $134.91M |
| Goodwill and Intangible Assets | $945.08M | $970.12M | $982.80M | $618.61M | $651.12M | $667.92M | $553.98M | $569.43M | $587.29M | $518.82M |
| Long Term Investments | $- | $4.08M | $4.29M | $-46.45M | $-51.36M | $-56.43M | $4.90M | $4.80M | $4.55M | $-810.00K |
| Tax Assets | $- | $- | $62.78M | $46.45M | $51.36M | $56.43M | $44.31M | $48.55M | $712.00K | $810.00K |
| Other Non-Current Assets | $17.32M | $12.87M | $-51.96M | $11.67M | $11.33M | $8.62M | $-42.49M | $-48.28M | $1.87M | $5.06M |
| Total Non-Current Assets | $1.26B | $1.28B | $1.29B | $877.09M | $898.96M | $900.74M | $755.04M | $764.30M | $760.18M | $682.39M |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $1.58B | $1.60B | $1.62B | $1.20B | $1.17B | $1.16B | $981.36M | $963.64M | $948.63M | $881.22M |
| Account Payables | $54.74M | $55.50M | $57.32M | $56.24M | $23.74M | $37.27M | $33.79M | $28.45M | $32.51M | $14.71M |
| Short Term Debt | $6.66M | $4.22M | $8.04M | $4.72M | $4.67M | $4.95M | $- | $35.00M | $35.00M | $32.27M |
| Tax Payables | $4.47M | $4.97M | $2.28M | $1.33M | $3.45M | $5.10M | $- | $- | $- | $2.73M |
| Deferred Revenue | $-3.33M | $- | $- | $- | $- | $- | $- | $-28.45M | $- | $2.73M |
| Other Current Liabilities | $91.82M | $83.80M | $72.40M | $81.50M | $62.56M | $44.94M | $48.27M | $44.95M | $33.49M | $25.96M |
| Total Current Liabilities | $157.69M | $148.49M | $140.04M | $143.80M | $94.43M | $92.26M | $82.06M | $108.40M | $101.01M | $81.12M |
| Long Term Debt | $34.05M | $326.11M | $456.59M | $115.68M | $169.65M | $253.40M | $156.00M | $183.96M | $245.49M | $260.96M |
| Deferred Revenue Non-Current | $- | $- | $- | $2.66M | $11.66M | $2.10M | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $43.72M | $52.05M | $62.78M | $46.45M | $51.36M | $56.43M | $44.31M | $48.55M | $74.20M | $67.22M |
| Other Non-Current Liabilities | $190.00M | $16.58M | $89.60M | $16.37M | $22.18M | $9.93M | $7.37M | $54.40M | $6.90M | $6.68M |
| Total Non-Current Liabilities | $267.77M | $394.74M | $546.19M | $178.51M | $243.18M | $319.76M | $207.68M | $238.36M | $326.58M | $336.40M |
| Other Liabilities | $- | $1 | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $425.46M | $543.23M | $686.23M | $322.31M | $337.61M | $412.01M | $289.74M | $346.75M | $427.59M | $417.52M |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $2.17M | $2.15M | $2.15M | $2.15M | $2.16M | $2.16M | $2.15M | $2.13M | $2.12M | $2.10M |
| Retained Earnings | $997.49M | $897.49M | $814.49M | $732.14M | $656.74M | $590.92M | $528.03M | $464.64M | $388.09M | $344.20M |
| Accumulated Other Comprehensive Income Loss | $-23.75M | $8.69M | $-7.15M | $-4.99M | $4.17M | $-5.56M | $-3.60M | $-1.64M | $-6.85M | $-5.11M |
| Other Total Stockholders Equity | $174.00M | $145.65M | $128.81M | $147.72M | $165.16M | $156.15M | $165.04M | $151.75M | $137.68M | $127.84M |
| Total Stockholders Equity | $1.15B | $1.05B | $938.28M | $877.01M | $828.23M | $743.67M | $691.62M | $616.88M | $521.03M | $463.70M |
| Total Equity | $1.15B | $1.05B | $938.28M | $877.01M | $828.23M | $743.67M | $691.62M | $616.88M | $521.03M | $463.70M |
| Total Liabilities and Stockholders Equity | $1.58B | $1.60B | $1.62B | $1.20B | $1.17B | $1.16B | $981.36M | $963.64M | $948.63M | $881.22M |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $1.58B | $1.60B | $1.62B | $1.20B | $1.17B | $1.16B | $981.36M | $963.64M | $948.63M | $881.22M |
| Total Investments | $- | $4.08M | $4.29M | $-46.45M | $-51.36M | $-56.43M | $4.90M | $4.80M | $4.55M | $-810.00K |
| Total Debt | $37.38M | $330.33M | $440.57M | $108.57M | $163.57M | $248.57M | $156.00M | $218.96M | $280.49M | $297.50M |
| Net Debt | $-12.14M | $265.89M | $374.01M | $5.33M | $79.00M | $182.90M | $101.73M | $178.55M | $241.85M | $212.71M |
Cash Flow Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $128.47M | $108.54M | $105.37M | $96.10M | $84.62M | $79.67M | $78.57M | $90.07M | $55.97M | $59.72M |
| Depreciation and Amortization | $47.97M | $54.94M | $51.85M | $48.88M | $51.28M | $45.86M | $44.67M | $44.38M | $46.20M | $39.96M |
| Deferred Income Tax | $-6.78M | $-10.81M | $-8.36M | $-5.94M | $-4.63M | $-3.56M | $-5.40M | $-28.78M | $-6.88M | $-2.86M |
| Stock Based Compensation | $16.68M | $16.05M | $13.22M | $10.80M | $8.30M | $7.60M | $6.41M | $6.26M | $7.02M | $6.83M |
| Change in Working Capital | $-6.12M | $20.01M | $-25.22M | $10.93M | $8.53M | $-4.96M | $-4.01M | $-1.98M | $4.73M | $-105.00K |
| Accounts Receivables | $- | $6.97M | $-3.62M | $-20.70M | $-3.60M | $11.62M | $-7.77M | $-3.91M | $-15.66M | $10.81M |
| Inventory | $- | $10.53M | $-7.80M | $-21.02M | $13.92M | $-11.40M | $-6.02M | $-319.00K | $4.75M | $3.13M |
| Accounts Payables | $- | $- | $-15.54M | $46.19M | $-3.85M | $1.13M | $5.99M | $1.51M | $17.84M | $-15.72M |
| Other Working Capital | $-6.12M | $2.51M | $1.74M | $6.47M | $2.06M | $-6.32M | $3.79M | $732.00K | $-2.19M | $1.68M |
| Other Non Cash Items | $1.77M | $-4.96M | $1.68M | $-257.00K | $2.38M | $-146.00K | $-1.54M | $663.00K | $562.00K | $273.00K |
| Net Cash Provided by Operating Activities | $182.00M | $183.76M | $138.54M | $160.51M | $150.49M | $124.46M | $118.70M | $110.62M | $107.61M | $103.83M |
| Investments in Property Plant and Equipment | $- | $-37.89M | $-50.29M | $-37.45M | $-33.83M | $-28.41M | $-19.72M | $-28.09M | $-23.99M | $-42.31M |
| Acquisitions Net | $-24.43M | $-1.54M | $-365.78M | $318.00K | $87.00K | $-141.06M | $-17.40M | $-17.39M | $-110.60M | $34.00K |
| Purchases of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $2.74M | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $-35.30M | $1.88M | $56.00K | $1.83M | $-850.00K | $13.25M | $5.13M | $2.79M | $1.00M | $34.00K |
| Net Cash Used for Investing Activities | $-59.74M | $-34.81M | $-416.01M | $-35.30M | $-34.59M | $-156.22M | $-31.99M | $-42.70M | $-133.59M | $-42.28M |
| Debt Repayment | $-119.78M | $-131.22M | $300.83M | $-55.16M | $-85.15M | $75.00M | $-63.52M | $-64.38M | $-16.88M | $-35.00M |
| Common Stock Issued | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $-5.68M | $-4.47M | $-35.42M | $-35.24M | $-13.46M | $-21.32M | $-1.39M | $-1.91M | $-1.59M | $-1.21M |
| Dividends Paid | $-25.58M | $-22.87M | $-20.71M | $-18.72M | $-16.70M | $-15.13M | $-13.43M | $-12.07M | $-10.72M | $-9.25M |
| Other Financing Activities | $17.23M | $5.24M | $1.98M | $6.94M | $14.15M | $4.84M | $6.90M | $9.73M | $9.74M | $19.61M |
| Net Cash Used Provided by Financing Activities | $-133.81M | $-153.32M | $246.68M | $-102.18M | $-101.16M | $43.38M | $-71.45M | $-68.63M | $-19.45M | $-25.84M |
| Effect of Forex Changes on Cash | $-3.38M | $2.26M | $-5.88M | $-4.37M | $4.16M | $-217.00K | $-1.41M | $2.48M | $-716.00K | $-1.20M |
| Net Change in Cash | $-14.93M | $-2.11M | $-36.68M | $18.67M | $18.90M | $11.40M | $13.85M | $1.77M | $-46.15M | $34.51M |
| Cash at End of Period | $49.52M | $64.45M | $66.56M | $103.24M | $84.57M | $65.67M | $54.27M | $40.42M | $38.64M | $84.80M |
| Cash at Beginning of Period | $64.45M | $66.56M | $103.24M | $84.57M | $65.67M | $54.27M | $40.42M | $38.64M | $84.80M | $50.29M |
| Operating Cash Flow | $182.00M | $183.76M | $138.54M | $160.51M | $150.49M | $124.46M | $118.70M | $110.62M | $107.61M | $103.83M |
| Capital Expenditure | $- | $-37.89M | $-50.29M | $-37.45M | $-33.83M | $-28.41M | $-19.72M | $-28.09M | $-23.99M | $-42.31M |
| Free Cash Flow | $182.00M | $145.87M | $88.25M | $123.06M | $116.67M | $96.05M | $98.97M | $82.52M | $83.62M | $61.52M |