2033 2022 2021 Net sales Cost of goods sold Gross margin General and administrative expenses Special and nonrecurring items 17,245,088 $6,944,296 56,149,218 (5,206,253) (4,953,556) (4,355,675) $1,958,835 $1,990,740 $1,793,543 (1,259,096) (1,202,042) (1,080,843) 2,617 0 Operating income Interest expense $701,556 (63,685) $788,698 $712,700 (62,300) (63,927) Other income 7,308 10,000 11,529 Gain on sale of investments 9,117 Income before income taxes $645,179 $745,497 Provision for income taxes (254,000) (290,000) $660,302 (257,000) Net income i $391,179 $455,497 5403,302 Steele Inc. Consolidated Balance Sheets (in thousands) ASSETS Current assets: Cash and equivalents Accounts receivable Dec. 31, 2023 Dec. 31, 2022 $320,558 1,056,911 $41,235 837,377 Inventories 733,700 803,707 Other 109,456 101,811 Total current assets $2,220,625 $1,784,130 Property and equipment, net 1,666,588 1,813,948 Other assets 247,892 Total assets $4,135,105 248,372 $3,046,450