CULP: the balance sheet

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CULP INC (CULP)

Balance Sheets	2026-05-03
Cash and cash equivalents	8,273
Short-term investments - rabbi trust	1,477
Accounts receivable, net	20,369
Inventories	47,494
Short-term note receivable	297
Income taxes receivable	142
Other current assets	2,645
Total current assets	80,697
Property, plant and equipment	21,013
Right of use assets	2,984
Intangible assets	355
Long-term investments - rabbi trust	4,991
Long-term note receivable	885
Deferred income taxes	503
Other assets	562
Total assets	111,990

Lines of credit - current	12,129
Accounts payable - trade	25,730
Accounts payable - capital expenditures	236
Operating lease liabilities - current	956
Deferred compensation - current	1,477
Deferred revenue	281
Accrued restructuring	47
Accrued expenses	4,103
Total current liabilities	44,959
Lines of credit - long term	7,000
Operating lease liabilitues - long-term	1,027
Income taxes payable - long-term	983
Deferred income taxes	4,883
Deferred compensation - long-term	4,991
Total liabilities	63,843
Common stock, .05 par value, authorized 40,000,000 shares, issued and outstanding 12,662,784 at may 3, 2026 and 12,559,129 at april 27, 2025	633
Capital contributed in excess of par value	46,133
Accumulated earnings	1,062
Accumulated other comprehensive income	319
Total equity	48,147
Total liabilities and equity	111,990

Unit: Thousand (K) dollars (except for numbers of shares and EPS).