v3.22.4
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
Dec. 31, 2022
Jun. 30, 2022
Dec. 31, 2021
Jun. 30, 2021
Current assets:        
Cash and cash equivalents $ 76,784 $ 85,586 $ 101,799 $ 154,047
Accounts receivable, less allowance for doubtful accounts of $9,214 and $9,422, respectively 291,016 295,346    
Inventories 605,780 570,836    
Other current assets 74,723 72,940    
Total current assets 1,048,303 1,024,708    
Property, plant and equipment:        
Land and buildings 418,169 410,039    
Machinery and equipment 1,922,740 1,904,872    
Less accumulated depreciation (1,359,343) (1,312,870)    
Property, plant and equipment, net 981,566 1,002,041    
Other assets:        
Goodwill 266,633 264,230    
Other intangible assets, less accumulated amortization of $167,120 and $160,699, respectively 99,496 105,725    
Operating lease right-of-use assets 42,934 47,206    
Deferred income taxes 57,129 54,602    
Other 82,540 75,012    
Total other assets 548,732 546,775    
Total assets 2,578,601 2,573,524    
Current liabilities:        
Revolving and other lines of credit and notes payable 78,805 21,186    
Current operating lease liabilities 11,622 12,387    
Accounts payable 206,722 227,887    
Accrued income taxes 41,025 29,476    
Accrued expenses 41,848 56,310    
Other current liabilities 114,312 138,403    
Total current liabilities 494,334 485,649    
Long-term debt, less current maturities 594,768 594,364    
Operating lease liabilities 31,848 35,342    
Deferred income taxes 32,231 32,185    
Accrued pension and postretirement benefits 115,165 112,995    
Accrued income taxes 355 6,369    
Other liabilities 20,699 15,373    
Total liabilities 1,289,400 1,282,277    
Commitments and contingencies    
Kennametal Shareholders' Equity        
Preferred stock, no par value; 5,000 shares authorized; none issued 0 0    
Capital stock, $1.25 par value; 120,000 shares authorized; 80,512 and 81,337 shares issued, respectively 100,641 101,671    
Additional paid-in capital 473,323 494,202    
Retained earnings 1,088,379 1,070,655    
Accumulated other comprehensive loss (412,176) (413,951) (349,168) (330,327)
Total Kennametal Shareholders' Equity 1,250,167 1,252,577    
Noncontrolling interests 39,034 38,670    
Total equity 1,289,201 1,291,247 $ 1,356,573 $ 1,368,205
Total liabilities and equity $ 2,578,601 $ 2,573,524    
Common Stock, Par or Stated Value Per Share $ 1.25 $ 1.25    
Preferred Stock, No Par Value $ 0 $ 0    
Preferred Stock, Shares Authorized 5,000 5,000