Carter's Inc. (CRI) Financial Statements (2024 and earlier)

Company Profile

Business Address PHIPPS TOWER
ATLANTA, GA 30326
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 23 - Apparel And Other Finished Products Made From Fabrics And Similar Materials (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments351,213169,106174,503157,685211,748121,649
Cash and cash equivalents351,213169,106174,503157,685211,748121,649
Receivables183,774240,507132,679223,939198,587265,593
Inventory, net of allowances, customer advances and progress billings537,125620,669681,573613,921744,573899,326
Inventory537,125620,669681,573613,921744,573899,326
Prepaid expense5,72537,60456,61647,1735,14373,578
Other current assets 13,102   17,917 
Other undisclosed current assets 10,304   10,752 
Total current assets:1,101,2431,067,8861,045,3711,042,7181,188,7201,360,146
Noncurrent Assets
Operating lease, right-of-use asset528,407506,010499,689494,969492,335491,863
Property, plant and equipment183,111180,888178,100180,383189,822181,575
Intangible assets, net (including goodwill)508,723507,724508,791507,932507,726515,910
Goodwill210,537209,494210,517209,601209,333208,454
Intangible assets, net (excluding goodwill)298,186298,230298,274298,331298,393307,456
Deferred income tax assets 2,173     
Other noncurrent assets29,89129,21127,52527,52430,54830,687
Other undisclosed noncurrent assets25,06528,08728,99529,80130,56431,386
Total noncurrent assets:1,277,3701,251,9201,243,1001,240,6091,250,9951,251,421
TOTAL ASSETS:2,378,6132,319,8062,288,4712,283,3272,439,7152,611,567
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities242,149222,210281,333180,181264,078318,026
Accounts payable242,149222,210281,333180,181264,078318,026
Deferred revenue29,23128,71728,27628,38529,29329,458
Other liabilities134,344106,12298,73091,104122,43992,394
Other undisclosed current liabilities106,138107,148109,197110,965113,139125,741
Total current liabilities:511,862464,197517,536410,635528,949565,619
Noncurrent Liabilities
Long-term debt and lease obligation497,354567,168496,984576,803616,6241,166,927
Long-term debt, excluding current maturities497,354567,168496,984576,803616,624736,448
Liabilities, other than long-term debt524,147503,130498,942497,996497,73390,819
Deferred income tax liabilities41,47041,21745,43646,09041,23548,930
Other liabilities33,86734,63332,70134,89434,75741,889
Operating lease, liability448,810427,280420,805417,012421,741430,479
Total noncurrent liabilities:1,021,5011,070,298995,9261,074,7991,114,3571,257,746
Total liabilities:1,533,3631,534,4951,513,4621,485,4341,643,3061,823,365
Equity
Equity, attributable to parent845,250785,311775,009797,893796,409788,202
Common stock366370374378377385
Accumulated other comprehensive loss(23,915)(29,142)(24,963)(30,412)(34,338)(40,575)
Retained earnings868,799814,083799,598827,927830,370828,392
Total equity:845,250785,311775,009797,893796,409788,202
TOTAL LIABILITIES AND EQUITY:2,378,6132,319,8062,288,4712,283,3272,439,7152,611,567

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

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Revenues857,864791,651600,199695,880912,130818,624
Cost of revenue1,109,970(415,254)(308,303) (1,472) 
Cost of goods and services sold (415,254)(308,303) (1,472) 
Other undisclosed gross profit(1,549,659)  (386,413)(495,109)(448,096)
Gross profit:418,175376,397291,896309,467415,549370,528
Operating expenses(286,952)(288,680)(258,676)(259,632)(311,474)(286,218)
Other undisclosed operating income4,8375,7134,3416,5195,4717,273
Operating income:136,06093,43037,56156,354109,54691,583
Nonoperating income (expense)9,5235571,772958195(1,013)
Investment income, nonoperating2,0071,0641,005700394257
Other nonoperating income (expense)7,516(507)767258(199)(1,270)
Interest and debt expense(7,631)(8,615)(8,083)(9,644)(9,285)(9,712)
Income from continuing operations before income taxes:137,95285,37231,25047,668100,45680,858
Income tax expense(31,442)(19,245)(7,383)(11,672)(20,277)(15,901)
Income from continuing operations:106,51066,12723,86735,99680,17964,957
Income before gain (loss) on sale of properties:64,957
Net income attributable to parent:106,51066,12723,86735,99680,17964,957
Undistributed earnings (loss) allocated to participating securities, basic   (576)  
Other undisclosed net loss available to common stockholders, basic (2,031)(1,267)(426) (1,236)(1,013)
Net income available to common stockholders, basic:104,47964,86023,44135,42078,94363,944
Other undisclosed net income available to common stockholders, diluted     11
Net income available to common stockholders, diluted:104,47964,86023,44135,42078,94463,945

Comprehensive Income ($ in thousands)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Net income:106,51066,12723,86735,99680,17964,957
Other comprehensive loss   (1,700)  
Comprehensive income:106,51066,12723,86734,29680,17964,957
Other undisclosed comprehensive income (loss), net of tax, attributable to parent5,227(4,179)5,4495,6266,236(8,372)
Comprehensive income, net of tax, attributable to parent:111,73761,94829,31639,92286,41556,585

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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