v3.22.4
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2022
Mar. 31, 2022
ASSETS    
Cash and cash equivalents $ 82.2 $ 45.2
Trade accounts receivable - net 347.4 367.5
Inventories 313.6 281.2
Other current assets 64.6 63.7
Total current assets 807.8 757.6
Property, plant and equipment - net 301.0 315.4
Intangible assets - net 82.8 90.3
Goodwill 164.8 168.1
Deferred income taxes 25.6 27.2
Other noncurrent assets 65.0 68.4
Total assets 1,447.0 1,427.0
LIABILITIES AND SHAREHOLDERS' EQUITY    
Short-term debt 11.3 7.7
Long-term debt - current portion 19.6 21.7
Accounts payable 302.2 325.8
Accrued compensation and employee benefits 83.2 85.1
Other current liabilities 49.6 54.2
Total current liabilities 465.9 494.5
Long-term debt 358.9 348.4
Deferred income taxes 4.4 5.9
Pensions 43.6 47.2
Other noncurrent liabilities 72.7 72.9
Total liabilities 945.5 968.9
Commitments and contingencies (see Note 17)
Shareholders' equity:    
Preferred stock, $0.025 par value, authorized 16.0 million shares, issued - none 0.0 0.0
Common stock, $0.625 par value, authorized 80.0 million shares, issued 55.3 million and 54.8 million shares 34.6 34.2
Additional paid-in capital 268.8 261.6
Retained earnings 407.6 344.4
Accumulated other comprehensive loss (170.0) (149.5)
Treasury stock, at cost, 3.2 million and 2.8 million shares (46.1) (40.0)
Total Modine shareholders' equity 494.9 450.7
Noncontrolling interest 6.6 7.4
Total equity 501.5 458.1
Total liabilities and equity $ 1,447.0 $ 1,427.0