Tapestry, Inc. (TPR) financial statements (2021 and earlier)
Company profile
| Business Address |
10 HUDSON YARDS NEW YORK, NY 10001 |
| State of Incorp. | MD |
| Fiscal Year End | June 30 |
| SIC | 31 - Leather And Leather Products (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 12/31/2020 TTM | 6/30/2020 | 6/30/2019 | 6/30/2018 | 6/30/2017 | 6/30/2016 | 6/30/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments, including: | 9 | 8 | 265 | 1,250 | 3,084 | 1,319 | 1,526 | ||
| Cash and cash equivalents | 1,426 | 969 | 1,243 | 2,673 | 859 | 1,292 | |||
| Short-term investments | 9 | 7 | 411 | 460 | 234 | ||||
| Other undisclosed cash, cash equivalents, and short-term investments | (1,418) | (705) | |||||||
| Receivables | 332 | 193 | 298 | 314 | 268 | 245 | 220 | ||
| Inventory, net of allowances, customer advances and progress billings | 632 | 737 | 778 | 674 | 470 | 459 | 485 | ||
| Inventory | 632 | 737 | 778 | 674 | 470 | 459 | 485 | ||
| Prepaid expense | 68 | 58 | 100 | 83 | 59 | 58 | 73 | ||
| Other current assets | 89 | 85 | 91 | 86 | 32 | 91 | 105 | ||
| Other undisclosed current assets | 1,747 | 1,472 | 1,025 | 26 | 42 | 98 | |||
| Total current assets: | 2,877 | 2,553 | 2,557 | 2,433 | 3,953 | 2,173 | 2,507 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 1,675 | 1,757 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 730 | 775 | 939 | 885 | 691 | 920 | 733 | ||
| Long-term investments and receivables | 0 | 0 | 75 | 559 | 406 | ||||
| Long-term investments | 0 | 0 | 75 | 559 | 406 | ||||
| Intangible assets, net (including goodwill) | 2,693 | 2,681 | 3,228 | 3,217 | 821 | 849 | 794 | ||
| Goodwill | 1,317 | 1,301 | 1,516 | 1,484 | 481 | 502 | 434 | ||
| Intangible assets, net (excluding goodwill) | 1,376 | 1,379 | 1,712 | 1,733 | 341 | 347 | 360 | ||
| Deferred income tax assets | 61 | 56 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other noncurrent assets | 114 | 102 | 134 | 119 | 120 | 144 | 112 | ||
| Other undisclosed noncurrent assets | 19 | 24 | 171 | 249 | 116 | ||||
| Total noncurrent assets: | 5,273 | 5,371 | 4,321 | 4,246 | 1,878 | 2,720 | 2,160 | ||
| TOTAL ASSETS: | 8,150 | 7,924 | 6,877 | 6,678 | 5,832 | 4,893 | 4,667 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 973 | 642 | 917 | 938 | 754 | 812 | 1,099 | ||
| Accounts payable | 386 | 131 | 244 | 264 | 195 | 187 | 223 | ||
| Accrued liabilities | 559 | 511 | 674 | 673 | 559 | 625 | 601 | ||
| Employee-related liabilities | 182 | ||||||||
| Taxes payable | 27 | ||||||||
| Interest and dividends payable | 93 | ||||||||
| Deferred revenue | 32 | 28 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Debt | 201 | 712 | 1 | 1 | 15 | 11 | |||
| Other liabilities | 278 | ||||||||
| Other undisclosed current liabilities | 328 | 360 | (553) | ||||||
| Total current liabilities: | 1,533 | 1,742 | 918 | 938 | 754 | 827 | 835 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 3,259 | 3,400 | 1,617 | 1,617 | 1,600 | 870 | 889 | ||
| Long-term debt, excluding current maturities | 1,600 | 1,600 | 1,617 | 1,617 | 1,600 | 870 | 889 | ||
| Operating lease, liability | 1,659 | 1,800 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Liabilities, other than long-term debt | 478 | 518 | 643 | 715 | 496 | 522 | 1,002 | ||
| Deferred revenue and credits | ✕ | ✕ | ✕ | 60 | |||||
| Accounts payable and accrued liabilities | 136 | 144 | 156 | 222 | 403 | ||||
| Asset retirement obligations | 33 | 26 | 16 | ||||||
| Deferred tax liabilities, net | ✕ | ✕ | 60 | ||||||
| Deferred income tax liabilities | 113 | 155 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other liabilities | 230 | 219 | 454 | 467 | 496 | 522 | 463 | ||
| Other undisclosed noncurrent liabilities | (11) | (12) | 186 | 163 | (21) | (9) | (549) | ||
| Total noncurrent liabilities: | 3,727 | 3,906 | 2,446 | 2,496 | 2,076 | 1,383 | 1,342 | ||
| Total liabilities: | 5,260 | 5,648 | 3,364 | 3,434 | 2,830 | 2,210 | 2,177 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 2,891 | 2,276 | 3,513 | 3,245 | 3,002 | 2,683 | 2,490 | ||
| Common stock | 3 | 3 | 3 | 3 | 3 | 3 | 3 | ||
| Additional paid in capital | 3,388 | 3,359 | 3,302 | 3,206 | 2,978 | 2,857 | 2,754 | ||
| Accumulated other comprehensive loss | (50) | (92) | (83) | (83) | (87) | (73) | (78) | ||
| Retained earnings (accumulated deficit) | (450) | (993) | 292 | 119 | 108 | (104) | (190) | ||
| Total stockholders' equity: | 2,891 | 2,276 | 3,513 | 3,245 | 3,002 | 2,683 | 2,490 | ||
| TOTAL LIABILITIES AND EQUITY: | 8,150 | 7,924 | 6,877 | 6,678 | 5,832 | 4,893 | 4,667 | ||
Income statement (P&L) ($ in millions)
| 12/31/2020 TTM | 6/30/2020 | 6/30/2019 | 6/30/2018 | 6/30/2017 | 6/30/2016 | 6/30/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 4,645 | 4,961 | 6,027 | 5,880 | 4,488 | 4,492 | 4,192 | |
| Revenue, net | ✕ | ✕ | ✕ | 4,488 | 4,492 | 4,192 | ||
| Cost of revenue | (1,526) | (1,722) | (1,973) | (2,026) | (1,407) | (1,441) | (1,283) | |
| Gross profit: | 3,119 | 3,239 | 4,054 | 3,854 | 3,081 | 3,051 | 2,909 | |
| Operating expenses | (3,015) | (3,312) | (3,240) | (3,183) | (2,294) | (2,398) | (2,339) | |
| Other undisclosed operating income (loss) | (478) | (478) | 49 | |||||
| Operating income (loss): | (374) | (551) | 814 | 671 | 787 | 654 | 618 | |
| Nonoperating income (expense) | 0 | (27) | ||||||
| Loss on contract termination | (27) | |||||||
| Other nonoperating income | 0 | |||||||
| Interest and debt expense | (1) | (1) | (67) | (86) | (27) | (33) | (12) | |
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | (72) | (73) | 19 | 12 | (2) | 6 | 33 | |
| Income (loss) from continuing operations before income taxes: | (446) | (624) | 766 | 597 | 759 | 627 | 612 | |
| Income tax expense (benefit) | 18 | (28) | (123) | (199) | (168) | (166) | (209) | |
| Net income (loss) available to common stockholders, diluted: | (428) | (652) | 643 | 398 | 591 | 461 | 402 | |
Comprehensive Income ($ in millions)
| 12/31/2020 TTM | 6/30/2020 | 6/30/2019 | 6/30/2018 | 6/30/2017 | 6/30/2016 | 6/30/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (428) | (652) | 643 | 398 | 591 | 461 | 402 | |
| Other comprehensive income (loss) | 30 | (9) | (0) | 4 | (14) | 5 | (69) | |
| Other undisclosed comprehensive loss | (9) | |||||||
| Comprehensive income (loss): | (407) | (661) | 643 | 402 | 577 | 465 | 333 | |
| Other undisclosed comprehensive income, net of tax, attributable to parent | 14 | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | (394) | (661) | 643 | 402 | 577 | 465 | 333 | |
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.