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)

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 investments643518571723668437
Cash and cash equivalents643518571573510327
Short-term investments    150158110
Receivables1,8751,9432,0872,0521,9052,003
Inventory, net of allowances, customer advances and progress billings2,5522,5202,6192,7302,7942,900
Inventory2,5522,5202,6192,7302,7942,900
Prepaid expense516501552534498495
Other current assets192222223119
Total current assets:5,6045,5045,8516,0615,8955,854
Noncurrent Assets
Operating lease, right-of-use asset429404400396388400
Property, plant and equipment4,9934,7894,9574,9464,6614,525
Intangible assets, net (including goodwill)2,0351,9802,9192,9162,7862,651
Goodwill1,1601,1252,0312,0221,9281,828
Intangible assets, net (excluding goodwill)875854888893858823
Other noncurrent assets499461457445391371
Total noncurrent assets:7,9567,6348,7348,7028,2257,947
TOTAL ASSETS:13,56013,13814,58514,76314,12013,801
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,0352,1592,1442,1552,1242,256
Accounts payable1,0381,0821,1841,2121,0941,218
Accrued liabilities9951,0769569421,028764
Other undisclosed accounts payable and accrued liabilities21423274
Deferred revenue686971687373
Debt1,0189231,0381,0568521,542
Other undisclosed current liabilities253735382134
Total current liabilities:3,1463,1893,2883,3183,0703,905
Noncurrent Liabilities
Long-term debt and lease obligation1,7021,6762,0132,2651,9791,327
Long-term debt, excluding current maturities1,7021,6762,0132,2651,9791,020
Liabilities, other than long-term debt1,0831,0031,0721,0741,054745
Deferred income tax liabilities392348405429445431
Other liabilities354340356341313314
Operating lease, liability338315311304296307
Total noncurrent liabilities:2,7852,6793,0853,3393,0322,071
Total liabilities:5,9315,8676,3736,6586,1035,976
Equity
Equity, attributable to parent7,6237,2668,2068,0998,0127,819
Common stock111111
Treasury stock, value(215)(215)(215)(215)(215)(215)
Additional paid in capital1,9471,9431,9371,9321,9311,926
Accumulated other comprehensive loss(1,080)(1,293)(1,108)(1,108)(1,114)(1,269)
Retained earnings6,9706,8317,5917,4907,4107,376
Equity, attributable to noncontrolling interest666666
Total equity:7,6297,2718,2128,1068,0187,825
TOTAL LIABILITIES AND EQUITY:13,56013,13814,58514,76314,12013,801

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

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
Revenues2,6122,7662,9502,8062,6512,918
Cost of revenue
(Cost of Goods and Services Sold)
(1,970)(2,074)(2,219)(2,163)(2,096)(2,204)
Gross profit:642692732643554714
Operating expenses(475)(1,426)(579)(518)(493)(1,219)
Operating income (loss):167(734)15312661(506)
Nonoperating income (expense)49(2)1(10)1
Gain (loss), foreign currency transaction, before tax(4)0(7)(5)(9)(6)
Other nonoperating income (expense)8856(1)7
Interest and debt expense(17)(20)(23)(17)(15)(14)
Income (loss) from continuing operations before income taxes:154(745)12810936(518)
Income tax expense(14)(15)(27)(29)(3)(16)
Income (loss) from continuing operations:139(760)1018034(534)
Loss before gain (loss) on sale of properties:(534)
Net income (loss):139(760)1018034(534)
Net income (loss) attributable to noncontrolling interest 0(0)0(0)(0)(0)
Net income (loss) available to common stockholders, diluted:139(760)1018033(534)

Comprehensive Income ($ in millions)

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 (loss):139(760)1018034(534)
Other comprehensive income (loss)213(186)(0)6154(254)
Comprehensive income (loss):353(946)10187188(788)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest (0)000(0)0
Comprehensive income (loss), net of tax, attributable to parent:353(946)10187188(788)

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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