Thor Industries, Inc. (THO) Financial Statements (2024 and earlier)

Company Profile

Business Address 601 E. BEARDSLEY AVENUE
ELKHART, IN 46514
State of Incorp. DE
Fiscal Year End July 31
Industry (SIC) 3716 - Motor Homes (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

10/31/2023
Q1
7/31/2023
Q4
4/30/2023
Q3
1/31/2023
Q2
10/31/2022
Q1
7/31/2022
Q4
4/30/2022
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments441353282292312329
Cash and cash equivalents441353282292312329
Restricted cash and investments     0 
Receivables5447325727508491,166
Inventory, net of allowances, customer advances and progress billings1,6531,8651,8651,8531,7551,734
Inventory1,6531,8651,8651,8531,7551,734
Other undisclosed current assets15513514599147129
Total current assets:2,7943,0852,8632,9943,0623,359
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 666 6
Operating lease, right-of-use asset 505244 46
Regulated entity, other noncurrent assets    5 7
Other noncurrent assets3,0793,1093,1243,0193,0873,143
Other undisclosed noncurrent assets1,3881,3041,2671,2141,2581,174
Total noncurrent assets:4,4674,4694,4494,2884,3464,377
TOTAL ASSETS:7,2617,5547,3127,2817,4087,736
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,5351,5501,2931,7681,8992,158
Taxes payable845767
Employee-related liabilities236255281
Accounts payable7367946396768221,029
Accrued liabilities799756653773764781
Debt625249343529
Other liabilities666265567385
Other undisclosed current liabilities545760(236)(250)(300)
Total current liabilities:1,7161,7211,4661,6221,7561,972
Noncurrent Liabilities
Long-term debt and lease obligation1,2911,6411,7591,7151,7541,984
Long-term debt, excluding current maturities1,2911,6411,7591,7151,7541,984
Liabilities, other than long-term debt255275280276280313
Deferred income tax liabilities76103107115116142
Other liabilities179172173161164172
Other undisclosed noncurrent liabilities151918181726
Total noncurrent liabilities:1,5611,9352,0572,0082,0522,323
Total liabilities:3,2773,6563,5243,6303,8074,294
Equity
Equity, attributable to parent3,9763,8923,7813,6423,5933,434
Common stock777777
Treasury stock, value(593)(592)(576)(576)(543)(477)
Additional paid in capital539527518510498491
Accumulated other comprehensive loss(69)(75)(96)(224)(182)(143)
Retained earnings4,0924,0253,9283,9253,8133,556
Equity, attributable to noncontrolling interest767987
Total equity:3,9833,8983,7883,6513,6013,441
TOTAL LIABILITIES AND EQUITY:7,2617,5547,3127,2817,4087,736

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

10/31/2023
Q1
7/31/2023
Q4
4/30/2023
Q3
1/31/2023
Q2
10/31/2022
Q1
7/31/2022
Q4
4/30/2022
Q3
Revenues2,7382,9292,3473,1083,8224,658
Cost of revenue
(Cost of Goods and Services Sold)
(2,344)(2,496)(2,064)(2,622)(3,154)(3,850)
Gross profit:394433283486668807
Operating expenses(245)(245)(244)(277)(311)(322)
Operating income:14918739210357485
Nonoperating income (expense)5(6)19(8)40
Investment income, nonoperating     01
Other nonoperating income (expense)5(6)19(8)4(0)
Interest and debt expense(97)(0)(0)(0)(23)(23)
Income from continuing operations before equity method investments, income taxes:5718258202338462
Other undisclosed income (loss) from continuing operations before income taxes75(26)(26)(23)  
Income from continuing operations before income taxes:13215533179338462
Income tax expense(41)(36)(7)(42)(57)(116)
Income from continuing operations:9112026137282346
Income before gain (loss) on sale of properties:137282346
Net income:9112026137282346
Net income (loss) attributable to noncontrolling interest(1)11(1)(1)2
Net income available to common stockholders, diluted:9012127136281348

Comprehensive Income ($ in millions)

10/31/2023
Q1
7/31/2023
Q4
4/30/2023
Q3
1/31/2023
Q2
10/31/2022
Q1
7/31/2022
Q4
4/30/2022
Q3
Net income:9112026137282346
Other comprehensive income (loss)621128(43)(39)(87)
Comprehensive income (loss):9814115395242259
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1)11(1)(1)2
Comprehensive income (loss), net of tax, attributable to parent:9714215594242261

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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