The Middleby Corporation (MIDD) financial statements (2021 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments268220650381958782
Cash and cash equivalents268220650381958782
Receivables363381313426448418411
Inventory, net of allowances, customer advances and progress billings540558608624586614612
Inventory540558608624586614612
Prepaid expense18151413201817
Contract with customer, asset20212523231920
Other undisclosed current assets61464141394443
Total current assets:1,2701,2411,6511,5081,2091,2001,185
Noncurrent Assets
Property, plant and equipment344344343346352343337
Intangible assets, net (including goodwill)3,3853,2763,2713,2703,2933,2503,225
Goodwill1,9341,8551,8421,8361,8501,8091,782
Intangible assets, net (excluding goodwill)1,4501,4211,4301,4341,4431,4401,443
Deferred income tax assets76353333   
Other noncurrent assets127124116121111109112
Deferred tax assets, net37
Other undisclosed noncurrent assets  (3,271)(3,270)(3,293)(3,223)(3,196)
Total noncurrent assets:3,9323,779492500500478477
Other undisclosed assets  3,2713,2703,2933,2503,225
TOTAL ASSETS:5,2025,0205,4155,2785,0024,9294,887
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities677574481585590582562
Accounts payable183152125192174181193
Accrued liabilities495422356394417401369
Debt23232422333
Total current liabilities:700597505607593585565
Noncurrent Liabilities
Long-term debt and lease obligation1,7071,8092,3732,1771,8701,9561,992
Long-term debt, excluding current maturities1,7071,8092,3732,1771,8701,9561,992
Liabilities, other than long-term debt819583598599592531531
Deferred tax liabilities, net134124128
Deferred income tax liabilities147137133131   
Liability, pension and other postretirement and postemployment benefits470252255261289226240
Other liabilities202193209207169181163
Total noncurrent liabilities:2,5262,3922,9712,7762,4622,4872,523
Total liabilities:3,2262,9893,4753,3833,0553,0723,088
Stockholders' equity
Stockholders' equity attributable to parent1,9772,0311,9401,8951,9471,8561,798
Common stock0000000
Treasury stock, value(537)(529)(528)(526)(451)(451)(451)
Additional paid in capital433416407395387383381
Accumulated other comprehensive loss(488)(373)(396)(410)(351)(328)(302)
Retained earnings2,5692,5172,4562,4352,3612,2522,170
Total stockholders' equity:1,9772,0311,9401,8951,9471,8561,798
TOTAL LIABILITIES AND EQUITY:5,2025,0205,4155,2785,0024,9294,887

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues729635472677788724761
Cost of revenue
(Cost of Goods and Services Sold)
(473)(412)(319)(427)(498)(454)(475)
Gross profit:256223153250290270286
Operating expenses(163)(136)(114)(145)(138)(149)(147)
Operating income:938739105152121140
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
00(0)(3)2(1)1
Interest and debt expense(23)(18)(22)(16)(19)(21)(22)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(5)101010777
Income from continuing operations before income taxes:66792796141106125
Income tax expense(14)(18)(6)(23)(32)(24)(33)
Net income available to common stockholders, diluted:526121741098292

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income:526121741098292
Other comprehensive income (loss)(115)2519(49)(47)(26)(14)
Comprehensive income (loss):(63)854025625679
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (2)(5)(10)240(8)
Comprehensive income (loss), net of tax, attributable to parent:(63)833614865671

Statements sources

The financial statements are based on the company's filings with the 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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