MIDDLEBY Corp (MIDD) Financial Statements (2025 and earlier)

Company Profile

Business Address 1400 TOASTMASTER DRIVE
ELGIN, IL 60120
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 358 - Refrigeration And Service Industry Machinery (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

3/31/2025
MRQ
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments69024716218026895
Cash and cash equivalent69024716218026895
Receivables643645631577363448
Inventory, net of allowances, customer advances and progress billings8429361,078837540586
Inventory8429361,078837540586
Prepaid expense24259201820
Contract with customer, asset, after allowance for credit loss684740222023
Other undisclosed current assets646685716139
Total current assets:2,3301,9662,0061,7071,2701,209
Noncurrent Assets
Property, plant and equipment526511444381344352
Intangible assets, net (including goodwill)4,1294,1794,2064,1193,3853,293
Goodwill2,5182,4862,4122,2431,9341,850
Intangible assets, net (excluding goodwill)1,6111,6931,7941,8751,4501,443
Deferred income tax assets6873376 
Other noncurrent assets200204213143127111
Deferred tax assets, net37
Other undisclosed noncurrent assets9139   (3,293)
Total noncurrent assets:4,9534,9414,8694,6773,932500
Other undisclosed assets      3,293
TOTAL ASSETS:7,2836,9076,8756,3845,2025,002
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities785806943888677590
Accounts payable209227271305183174
Accrued liabilities576579671583495417
Debt44454627233
Total current liabilities:829851988915700593
Noncurrent Liabilities
Long-term debt and lease obligation2,3512,3802,6772,3871,7071,870
Long-term debt, excluding current maturities2,3512,3802,6772,3871,7071,870
Liabilities, other than long-term debt464425412587819592
Deferred tax liabilities, net134
Deferred income tax liabilities252216220187147 
Liability, pension and other postretirement and postemployment benefits101215220470289
Other liabilities203197177181202169
Total noncurrent liabilities:2,8152,8063,0892,9742,5262,462
Total liabilities:3,6453,6574,0773,8893,2263,055
Equity
Equity, attributable to parent3,6383,2502,7982,4941,9771,947
Common stock000000
Treasury stock, value(941)(906)(831)(566)(537)(451)
Additional paid in capital520479408357433387
Accumulated other comprehensive loss(269)(223)(278)(359)(488)(351)
Retained earnings4,3283,9003,4993,0622,5692,361
Total equity:3,6383,2502,7982,4941,9771,947
TOTAL LIABILITIES AND EQUITY:7,2836,9076,8756,3845,2025,002

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

3/31/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Revenues3,8754,0374,0333,2512,5132,959
Cost of revenue
(Cost of Product and Service Sold)
(2,405)(2,503)(2,586)(2,056)(1,631)(1,856)
Gross profit:1,4701,5341,4471,1958821,103
Operating expenses(814)(899)(807)(675)(558)(589)
Other undisclosed operating income    110  
Operating income:656635640630324514
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(2)(4)(29)2(3)2
Interest and debt expense(92)(120)(89)(57)(79)(83)
Other undisclosed income from continuing operations before equity method investments, income taxes     2529
Income from continuing operations before equity method investments, income taxes:562510522574268463
Other undisclosed income from continuing operations before income taxes1594345  
Income from continuing operations before income taxes:577519564620268463
Income tax expense(149)(118)(128)(131)(61)(110)
Income from continuing operations:428401437488207352
Income before gain (loss) on sale of properties:488207352
Net income available to common stockholders, diluted:428401437488207352

Comprehensive Income ($ in millions)

3/31/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Net income:428401437488207352
Other comprehensive income (loss)(46)5581129(137)(74)
Comprehensive income:38245651761870278
Other undisclosed comprehensive loss, net of tax, attributable to parent      
Comprehensive income, net of tax, attributable to parent:38245651761870278

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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