Container Store Group, Inc. (TCS) Financial Statements (2024 and earlier)

Company Profile

Business Address 500 Freeport Parkway
COPPELL, TX 75019
State of Incorp. DE
Fiscal Year End March 31
Industry (SIC) 57 - Home Furniture, Furnishings, And Equipment Stores (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

12/31/2023
MRQ
3/31/2023
3/31/2022
3/31/2021
3/31/2020
3/31/2019
3/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6,95814,25217,68767,7557,3648,399
Cash and cash equivalents6,95814,25217,68767,7557,3648,399
Receivables26,72831,91229,04229,44526,57125,543
Inventory, net of allowances, customer advances and progress billings170,637192,783130,619124,207108,65097,362
Inventory170,637192,783130,619124,207108,65097,362
Prepaid expense14,98911,62811,4298,85210,07811,281
Other current assets10,9149,83614,54711,90711,70511,609
Total current assets:230,226260,411203,324242,166164,368154,194
Noncurrent Assets
Operating lease, right-of-use asset347,959347,519307,147347,170
Property, plant and equipment158,702140,198131,884147,540152,588158,389
Intangible assets, net (including goodwill)244,725446,097430,484425,584427,965405,630
Goodwill 23,447221,159202,815202,815202,815202,815
Intangible assets, net (excluding goodwill)221,278224,938227,669222,769225,150202,815
Deferred income tax assets5688652,3052,311
Other noncurrent assets2,8442,2843,0701,8731,6701,854
Deferred tax assets, net1,9122,404
Other undisclosed noncurrent assets15020325517024126,898
Total noncurrent assets:754,948937,166875,145924,648584,376595,175
TOTAL ASSETS:985,1741,197,5771,078,4691,166,814748,744749,369
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities127,310179,089161,900119,693128,748118,766
Taxes payable6,0266,803 2,8514,580
Accounts payable52,63784,05968,54653,64758,73443,692
Accrued liabilities74,67389,00486,55166,04667,16370,494
Debt4,4863,8862,16678,4787,0167,771
Self insurance reserve 2,4502,3312,341 2,835 
Other undisclosed current liabilities56,06950,20948,506 2,676 
Total current liabilities:190,315235,515214,913198,171141,275126,537
Noncurrent Liabilities
Long-term debt and lease obligation, including:163,385158,564163,818317,485254,960277,394
Other undisclosed long-term debt and lease obligation163,385(158,781)(121,204)201254,960277,394
Liabilities, other than long-term debt369,28958,05761,04762,16651,70254,839
Deferred tax liabilities, net51,70254,839
Deferred income tax liabilities49,33850,49348,92350,178
Other liabilities5,8517,56412,12411,988  
Operating lease, liability314,100317,345285,022317,284
Other undisclosed noncurrent liabilities  317,345285,022317,28436,11441,892
Total noncurrent liabilities:532,674533,966509,887696,935342,776374,125
Total liabilities:722,989769,481724,800895,106484,051500,662
Equity
Equity, attributable to parent262,185428,096353,669271,708264,693248,707
Common stock492496488483481481
Additional paid in capital872,204874,190873,048866,667863,978861,263
Accumulated other comprehensive loss(32,509)(27,444)(19,003)(36,295)(26,132)(17,316)
Accumulated deficit(578,002)(419,146)(500,864)(559,147)(573,634)(595,721)
Total equity:262,185428,096353,669271,708264,693248,707
TOTAL LIABILITIES AND EQUITY:985,1741,197,5771,078,4691,166,814748,744749,369

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

12/31/2023
TTM
3/31/2023
3/31/2022
3/31/2021
3/31/2020
3/31/2019
3/31/2018
Revenues1,047,2581,094,119990,088915,953895,093857,228
Cost of revenue
(Cost of Goods and Services Sold)
(446,295)(457,882)(419,611)(382,488)  
Other undisclosed gross profit     (371,410)(360,167)
Gross profit:600,963636,237570,477533,465523,683497,061
Operating expenses(199,840)(645)(1,042)(8,235)(2,040)(5,571)
Other operating expense, net
(Other Expenses)
  (1,112)(377)(177)(5,734)
Other undisclosed operating loss(528,718)(510,138)(469,319)(482,110)(470,148)(451,669)
Operating income (loss):(127,595)125,45499,00442,74351,31834,087
Nonoperating income (expense)
(Gain (Loss), Foreign Currency Transaction, before Tax)
(23)  (167)  
Interest and debt expense(16,171)(12,760)(18,161)(21,541)(27,275)(27,382)
Income (loss) from continuing operations before equity method investments, income taxes:(143,789)112,69480,84321,03524,0436,705
Other undisclosed income (loss) from continuing operations before income taxes23  167(2,082) 
Income (loss) from continuing operations before income taxes:(143,766)112,69480,84321,20221,9616,705
Income tax expense (benefit)(15,090)(30,976)(22,560)(6,715)(281)12,723
Income (loss) from continuing operations:(158,856)81,71858,28314,48721,68019,428
Income before gain (loss) on sale of properties:81,71858,28314,48721,68019,428
Net income (loss) available to common stockholders, basic:(158,856)81,71858,28314,48721,68019,428
Dilutive securities, effect on basic earnings per share     260,47886,198
Net income (loss) available to common stockholders, diluted:(158,856)81,71858,28314,487282,158105,626

Comprehensive Income ($ in thousands)

12/31/2023
TTM
3/31/2023
3/31/2022
3/31/2021
3/31/2020
3/31/2019
3/31/2018
Net income (loss):(158,856)81,71858,28314,48721,68019,428
Other comprehensive income (loss)26(1,093)(3,071)1,587 (30)
Comprehensive income (loss):(158,830)80,62555,21216,07421,68019,398
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(5,091)(7,348)20,363(11,750)(8,816)5,357
Comprehensive income (loss), net of tax, attributable to parent:(163,921)73,27775,5754,32412,86424,755

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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