Noncontrolling Interest

[Table of Contents](#i1c7c95a3a35c4e5dafc8b646de4a8ff7_7)  
IDEX CORPORATIONCONSOLIDATED BALANCE SHEETS 

|  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |
|   | As of December 31, |
|   | 2021 |  | 2020 |
|   | (Dollars in millions exceptper share amounts) |
| ASSETS |  |  |  |
| Current assets |  |  |  |
| Cash and cash equivalents | $ | 855.4  |  |  | $ | 1,025.9  |  |
| Receivables - net | 356.4  |  |  | 293.1  |  |
| Inventories | 370.4  |  |  | 289.9  |  |
| Other current assets | 95.8  |  |  | 48.3  |  |
| Total current assets | 1,678.0  |  |  | 1,657.2  |  |
| Property, plant and equipment - net | 327.3  |  |  | 298.3  |  |
| Goodwill | 2,167.7  |  |  | 1,895.6  |  |
| Intangible assets - net | 597.3  |  |  | 415.6  |  |
| Other noncurrent assets | 146.9  |  |  | 147.7  |  |
| Total assets | $ | 4,917.2  |  |  | $ | 4,414.4  |  |
| LIABILITIES AND EQUITY |  |  |  |
| Current liabilities |  |  |  |
| Trade accounts payable | $ | 178.8  |  |  | $ | 152.0  |  |
| Accrued expenses | 259.8  |  |  | 208.8  |  |
| Short-term borrowings | —  |  |  | 0.1  |  |
| Dividends payable | 41.4  |  |  | 38.1  |  |
| Total current liabilities | 480.0  |  |  | 399.0  |  |
| Long-term borrowings | 1,190.3  |  |  | 1,044.4  |  |
| Deferred income taxes | 196.4  |  |  | 163.9  |  |
| Other noncurrent liabilities | 247.4  |  |  | 266.8  |  |
| Total liabilities | 2,114.1  |  |  | 1,874.1  |  |
| Commitments and contingencies (Note 11) |  |  |  |
| Shareholders’ equity |  |  |  |
| Preferred stock: |  |  |  |
| Authorized: 5,000,000 shares, $.01 per share par value; Issued: None | —  |  |  | —  |  |
| Common stock: |  |  |  |
| Authorized: 150,000,000 shares, $.01 per share par value |  |  |  |
| Issued: 90,067,996 shares at December 31, 2021 and 90,071,763 shares at December 31, 2020 | 0.9  |  |  | 0.9  |  |
| Additional paid-in capital | 795.6  |  |  | 775.2  |  |
| Retained earnings | 3,126.5  |  |  | 2,841.5  |  |
| Treasury stock at cost: 13,872,555 shares at December 31, 2021 and 14,111,221 shares at December 31, 2020 | (1,050.3) |  |  | (1,063.9) |  |
| Accumulated other comprehensive loss | (69.6) |  |  | (13.5) |  |
| Total shareholders’ equity | 2,803.1  |  |  | 2,540.2  |  |
| Noncontrolling Interest | —  |  |  | 0.1  |  |
| Total equity | 2,803.1  |  |  | 2,540.3  |  |
| Total liabilities and equity | $ | 4,917.2  |  |  | $ | 4,414.4  |  |

  
See Notes to Consolidated Financial Statements.37
