Belden Inc. balance sheet
At the end of fiscal 2025, Belden Inc. had total assets of $3.54bn and shareholders' equity of $1.26bn. It held $390m in cash against $1.29bn of debt.
Balance sheet
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 309 | 359 | 383 | 395 | 613 | 741 | 217 | 848 | 541 | 407 | 407 | 501 | 642 | 688 | 597 | 370 | 390 | 381 |
| Receivables | 230 | 298 | 289 | 301 | 304 | 380 | 387 | 388 | 474 | 336 | 335 | 297 | 383 | 440 | 414 | 410 | 463 | 684 |
| Inventory | 144 | 176 | 184 | 215 | 208 | 228 | 196 | 190 | 297 | 265 | 231 | 247 | 345 | 342 | 367 | 343 | 402 | 555 |
| Total current assets | 860 | 861 | 955 | 960 | 1,195 | 1,392 | 837 | 1,479 | 1,372 | 1,259 | 1,378 | 1,098 | 1,878 | 1,536 | 1,457 | 1,196 | 1,349 | 1,734 |
| Goodwill | 273 | 311 | 337 | 779 | 773 | 943 | 1,385 | 1,386 | 1,209 | 1,207 | 1,244 | 790 | 821 | 862 | 907 | 1,019 | 1,037 | 2,031 |
| Total assets | 1,621 | 1,696 | 1,788 | 2,585 | 2,752 | 3,232 | 3,291 | 3,807 | 3,841 | 3,779 | 3,407 | 3,140 | 3,418 | 3,162 | 3,240 | 3,328 | 3,544 | 5,967 |
| Accounts payable | 167 | 212 | 215 | 184 | 200 | 272 | 224 | 258 | 376 | 297 | 268 | 244 | 378 | 350 | 343 | 316 | 361 | 399 |
| Deferred revenue (current) | — | — | — | 12 | 31 | 45 | 101 | 81 | 91 | 62 | 54 | 53 | 12 | 26 | 24 | 30 | 40 | 136 |
| Total current liabilities | 361 | 358 | 382 | 452 | 402 | 523 | 549 | 570 | 679 | 717 | 723 | 521 | 753 | 640 | 634 | 623 | 697 | 951 |
| Short-term debt | 46 | 0 | 0 | 16 | 3 | 3 | 3 | 0 | — | — | — | — | — | — | — | — | 0 | 19 |
| Long-term debt | 544 | 551 | 551 | 1,136 | 1,365 | 1,765 | 1,725 | 1,620 | 1,561 | 1,463 | 1,439 | 1,574 | 1,460 | 1,161 | 1,204 | 1,130 | 1,286 | 3,032 |
| Total debt | 590 | 551 | 551 | 1,151 | 1,367 | 1,768 | 1,753 | 1,643 | 1,584 | 1,486 | 1,459 | 1,591 | 1,477 | 1,174 | 1,215 | 1,139 | 1,292 | 3,050 |
| Shareholders' equity | 551 | 639 | 695 | 812 | 837 | 807 | 824 | 1,460 | 1,434 | 1,387 | 960 | 751 | 955 | 1,143 | 1,166 | 1,295 | 1,264 | 1,392 |
| Shares outstanding | 47m | 47m | 46m | 44m | 43m | 42m | 42m | 42m | 42m | 39m | 45m | 45m | 45m | 43m | 41m | 40m | 39m | — |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Receivables | 410 | 420 | 455 | 461 | 463 | 499 | 534 | 684 |
| Inventory | 343 | 373 | 389 | 394 | 402 | 423 | 421 | 555 |
| Total current assets | 1,196 | 1,133 | 1,223 | 1,259 | 1,349 | 1,280 | 1,394 | 1,734 |
| Goodwill | 1,019 | 1,019 | 1,035 | 1,037 | 1,037 | 1,034 | 1,030 | 2,031 |
| Total assets | 3,328 | 3,271 | 3,400 | 3,437 | 3,544 | 3,459 | 3,567 | 5,967 |
| Accounts payable | 316 | 307 | 304 | 309 | 361 | 327 | 359 | 399 |
| Deferred revenue (current) | 30 | 33 | 34 | 35 | 40 | 33 | 35 | 136 |
| Total current liabilities | 623 | 588 | 616 | 631 | 697 | 614 | 653 | 951 |
| Short-term debt | — | — | — | — | 0 | — | — | 19 |
| Long-term debt | 1,130 | 1,179 | 1,271 | 1,284 | 1,286 | 1,260 | 1,231 | 3,032 |
| Total debt | 1,130 | 1,179 | 1,271 | 1,284 | 1,286 | 1,260 | 1,231 | 3,050 |
| Shareholders' equity | 1,295 | 1,223 | 1,234 | 1,242 | 1,264 | 1,283 | 1,385 | 1,392 |
| Shares outstanding | 40m | — | — | — | 39m | — | — | — |
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