Mohawk Industries, Inc. (MHK) Financial Statements (2024 and earlier)

Company Profile

Business Address 160 S INDUSTRIAL BLVD
CALHOUN, GA 30701
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 2273 - Carpets and Rugs (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments571723668437489541
Cash and cash equivalents571573510327224231
Short-term investments  150158110265310
Receivables2,0872,0521,9052,0032,1062,045
Inventory, net of allowances, customer advances and progress billings2,6192,7302,7942,9002,8262,513
Inventory2,6192,7302,7942,9002,8262,513
Prepaid expense552534498495501447
Other current assets222231191919
Total current assets:5,8516,0615,8955,8545,9415,565
Noncurrent Assets
Operating lease, right-of-use asset400396388400405385
Property, plant and equipment4,9574,9464,6614,5254,5824,553
Intangible assets, net (including goodwill)2,9192,9162,7862,6513,3933,463
Goodwill2,0312,0221,9281,8282,5362,579
Intangible assets, net (excluding goodwill)888893858823856884
Other noncurrent assets457445391371369422
Total noncurrent assets:8,7348,7028,2257,9478,7498,822
TOTAL ASSETS:14,58514,76314,12013,80114,68914,387
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,1442,1552,1242,2562,3172,220
Interest and dividends payable19
Employee-related liabilities217
Accounts payable1,1841,2121,0941,2181,3591,296
Accrued liabilities9569421,028764710686
Other undisclosed accounts payable and accrued liabilities4232742482
Deferred revenue716873737074
Debt1,0381,0568521,5421,4991,546
Other undisclosed current liabilities353821343831
Total current liabilities:3,2883,3183,0703,9053,9243,872
Noncurrent Liabilities
Long-term debt and lease obligation2,0132,2651,9791,3271,3611,382
Long-term debt, excluding current maturities2,0132,2651,9791,0201,0521,088
Liabilities, other than long-term debt1,0721,0741,054745797846
Deferred income tax liabilities405429445431471498
Other liabilities356341313314326348
Operating lease, liability311304296307309293
Total noncurrent liabilities:3,0853,3393,0322,0712,1582,227
Total liabilities:6,3736,6586,1035,9766,0836,099
Equity
Equity, attributable to parent8,2068,0998,0127,8198,6018,281
Common stock111111
Treasury stock, value(215)(215)(215)(215)(215)(215)
Additional paid in capital1,9371,9321,9311,9261,9201,914
Accumulated other comprehensive loss(1,108)(1,108)(1,114)(1,269)(1,015)(1,049)
Retained earnings7,5917,4907,4107,3767,9117,631
Equity, attributable to noncontrolling interest666667
Total equity:8,2128,1068,0187,8258,6078,288
TOTAL LIABILITIES AND EQUITY:14,58514,76314,12013,80114,68914,387

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues2,9502,8062,6512,9183,1533,016
Cost of revenue
(Cost of Goods and Services Sold)
(2,219)(2,163)(2,096)(2,204)(2,280)(2,214)
Gross profit:732643554714873802
Operating expenses(579)(518)(493)(1,219)(505)(481)
Operating income (loss):15312661(506)368321
Nonoperating income (expense)(2)1(10)13(2)
Gain (loss), foreign currency transaction, before tax(7)(5)(9)(6)0(1)
Other nonoperating income (expense)56(1)736
Interest and debt expense(23)(17)(15)(14)(12)(11)
Income (loss) from continuing operations before income taxes:12810936(518)359307
Income tax expense(27)(29)(3)(16)(78)(61)
Income (loss) from continuing operations:1018034(534)281245
Income (loss) before gain (loss) on sale of properties:(534)281245
Net income (loss):1018034(534)281245
Net income (loss) attributable to noncontrolling interest0(0)(0)(0)(0)(0)
Net income (loss) available to common stockholders, diluted:1018033(534)280245

Comprehensive Income ($ in millions)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):1018034(534)281245
Other comprehensive income (loss)(0)6154(254)34(82)
Comprehensive income (loss):10187188(788)315164
Comprehensive income (loss), net of tax, attributable to noncontrolling interest00(0)0(1)0
Comprehensive income (loss), net of tax, attributable to parent:10187188(788)314164

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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