v3.25.2

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2025	Sep. 30, 2024
Current assets:
Cash and cash equivalents	$ 112,800	$ 107,961
Trade accounts receivable, net	29,743	33,635
Accounts receivable, other	66,214	58,553
Inventory	1,005,365	1,036,624
Other current assets	47,522	68,541
Total current assets	1,261,644	1,305,314
Property and equipment, net of accumulated depreciation of $923,072 at June 30, 2025, and $881,818 at September 30, 2024	256,472	269,872
Operating lease assets	589,960	582,573
Goodwill	540,985	538,266
Intangible assets, excluding goodwill, net of accumulated amortization of $23,010 at June 30, 2025, and $33,760 at September 30, 2024	56,180	59,960
Other assets	38,859	36,914
Total assets	2,744,100	2,792,899
Current liabilities:
Current maturities of long-term debt	4,000	4,127
Accounts payable	193,040	269,424
Accrued liabilities	165,291	162,950
Current operating lease liabilities	155,591	136,068
Income taxes payable	5,920	20,100
Total current liabilities	523,842	592,669
Long-term debt	882,383	978,255
Long-term operating lease liabilities	468,998	479,616
Other liabilities	20,874	22,066
Deferred income tax liabilities, net	85,094	91,758
Total liabilities	1,981,191	2,164,364
Stockholders’ equity:
Common stock, $0.01 par value. Authorized 500,000 shares; 99,438 and 101,854 shares issued and shares outstanding at June 30, 2025, and September 30, 2024, respectively	994	1,019
Preferred stock, $0.01 par value. Authorized 50,000 shares; none issued
Accumulated earnings	863,251	740,685
Accumulated other comprehensive loss, net of tax	(101,336)	(113,169)
Total stockholders’ equity	762,909	628,535
Total liabilities and stockholders’ equity	$ 2,744,100	$ 2,792,899

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

Sally Beauty Holdings, Inc. 10-Q