| Supplementary Balance Sheet Detail |
Supplementary Balance Sheet Detail The following tables present supplementary balance sheet details: | | | | | | | | | | | | | (in thousands) |
December 31, 2025 | |
December 31, 2024 | | Inventories: | | | | | Raw materials and supplies | $ | 76,115 | | | $ | 78,386 | | | Work in process | 116,933 | | | 122,590 | | | Finished goods | 31,644 | | | 30,265 | | | $ | 224,692 | | | $ | 231,241 | | | Prepaid expenses and other current assets: | | | | | Prepaid expenses | $ | 7,347 | | | $ | 11,258 | | | Value-added tax and other indirect taxes receivable | 17,991 | | | 21,922 | | | Spare parts inventory | 15,840 | | | 14,189 | | | Other current assets | 7,002 | | | 8,363 | | | $ | 48,180 | | | $ | 55,732 | | | Property, plant and equipment: | | | | | Land and improvements | $ | 52,227 | | | $ | 49,212 | | | Buildings | 92,657 | | | 85,871 | | | Machinery and equipment and other | 788,912 | | | 731,783 | | | Construction in progress | 53,150 | | | 43,381 | | | $ | 986,946 | | | $ | 910,247 | | | Other accrued liabilities: | | | | | Payrolls (including incentive programs) | $ | 12,615 | | | $ | 9,979 | | | Employee benefits | 6,760 | | | 6,074 | | | Deferred revenue | — | | | 11,223 | | | Other | 33,752 | | | 28,156 | | | $ | 53,127 | | | $ | 55,432 | | | Other long-term obligations: | | | | | Post-employment benefits | $ | 10,663 | | | $ | 10,969 | | | Pension and related benefits | 18,920 | | | 21,919 | | | Other | 10,805 | | | 15,671 | | | $ | 40,388 | | | $ | 48,559 | |
The following table presents an analysis of the allowance for doubtful accounts for the years ended December 31: | | | | | | | | | | | | | | | | | | | (in thousands) | 2025 | | 2024 | | 2023 | | Balance at beginning of year | $ | 7,114 | | | $ | 7,708 | | | $ | 8,019 | | | Write-offs | (4,959) | | | — | | | — | | | Charge (credit) to income | 932 | | | (660) | | | (439) | | | Translation adjustment/other | 184 | | | 66 | | | 128 | | | Balance at end of year | $ | 3,271 | | | $ | 7,114 | | | $ | 7,708 | |
Supplier Finance Program (“SFP”) Obligations GrafTech Mexico S.A. De C.V. (“GrafTech Mexico”) participates in an electronic vendor voucher payment program supported by the Mexican Government through one of its national banks, whereby suppliers can factor their invoices through a financial intermediary. This program gives GrafTech Mexico’s suppliers the option to settle trade receivables by obtaining payment from the financial intermediary prior to the invoice due date for a discounted amount. GrafTech Mexico’s responsibility is limited to making payment on the terms originally negotiated with its supplier, regardless of whether the supplier elects to receive early payment. SFP obligations are included in accounts payable on the Consolidated Balance Sheets and upon settlement, are reflected as cash flow from operating activities in the Consolidated Statements of Cash Flows. See below for a rollforward of our SFP obligations.
| | | | | | | (in thousands) | | | Confirmed obligations outstanding as of December 31, 2023 | $ | 4,636 | | | Invoices confirmed during the year | 17,821 | | | Confirmed invoices paid during the year | (16,871) | | | Confirmed obligations outstanding as of December 31, 2024 | $ | 5,586 | | | Invoices confirmed during the year | 20,897 | | | Confirmed invoices paid during the year | (22,449) | | | Translation | (155) | | | Confirmed obligations outstanding as of December 31, 2025 | $ | 3,879 | |
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