Kontoor Brands, Inc. (KTB) Financial Statements (2024 and earlier)

Company Profile

Business Address 400 N. ELM STREET
GREENSBORO, NC 27401
State of Incorp. NC
Fiscal Year End December 31
Industry (SIC) 232 - Men's And Boys' Furnishings, Work Clothing, And Allied Garments (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments59185248107
Cash and cash equivalents59185248107
Receivables226290231228
Inventory, net of allowances, customer advances and progress billings597363341458
Inventory597363341458
Contract with customer, asset, after allowance for credit loss53611
Other undisclosed current assets95697674
Total current assets:982911902878
Noncurrent Assets
Operating lease, right-of-use asset515560 
Property, plant and equipment104105119132
Intangible assets, net (including goodwill)223227229230
Goodwill210212213213
Intangible assets, net (excluding goodwill)13151617
Regulated entity, other noncurrent assets    8
Deferred income tax assets 677585 
Other noncurrent assets154161150111
Other undisclosed noncurrent assets    158
Total noncurrent assets:600622644640
TOTAL ASSETS:1,5821,5331,5461,517
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities403431360342
Accounts payable206214167147
Accrued liabilities197217193195
Debt170261
Deferred tax liabilities2
Other undisclosed current liabilities20242733
Total current liabilities:440456414379
Noncurrent Liabilities
Long-term debt and lease obligation783824928913
Long-term debt, excluding current maturities783791888913
Liabilities, other than long-term debt108105120101
Deferred tax liabilities, net2
Deferred income tax liabilities 764 
Other liabilities709911599
Operating lease, liability323340 
Other undisclosed noncurrent liabilities    55
Total noncurrent liabilities:8919291,0481,069
Total liabilities:1,3321,3851,4611,448
Equity
Equity, attributable to parent2511488569
Additional paid in capital244218172151
Accumulated other comprehensive loss(80)(93)(95)(80)
Retained earnings (accumulated deficit)87237(2)
Total equity:2511488569
TOTAL LIABILITIES AND EQUITY:1,5821,5331,5461,517

Income Statement (P&L) ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Revenues2,6312,4762,0982,549
Cost of revenue(1,497)(1,368)(1,234)(1,577)
Cost of goods and services sold(1,497)(1,368)(1,234)(1,544)
Gross profit:1,1341,108864972
Operating expenses(778)(825)(740)(803)
Operating income:357283124168
Nonoperating expense(4)(1)(3)(1)
Investment income, nonoperating    4
Other nonoperating expense(4)(1)(3)(5)
Interest and debt expense(35)(39)(50)(36)
Income from continuing operations before equity method investments, income taxes:31824371131
Other undisclosed income from continuing operations before income taxes1124
Income from continuing operations before income taxes:31924573135
Income tax expense(74)(49)(5)(39)
Income from continuing operations:2451956897
Income before gain (loss) on sale of properties:1956897
Net income available to common stockholders, diluted:2451956897

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Net income:2451956897
Other comprehensive income (loss) 132(15)(4)
Other undisclosed comprehensive income    
Comprehensive income:2591975392
Other undisclosed comprehensive income, net of tax, attributable to parent   1
Comprehensive income, net of tax, attributable to parent:2591975394

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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