Tempur Sealy International, Inc. (TPX) Financial Statements (2024 and earlier)
Company Profile
Business Address |
1000 TEMPUR WAY LEXINGTON, KY 40511 |
State of Incorp. | DE |
Fiscal Year End | December 31 |
Industry (SIC) | 251 - Household Furniture (benchmarking) |
More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)Annual | Quarterly
9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | |||
---|---|---|---|---|---|---|---|---|---|
ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 69 | ||||||||
Cash and cash equivalents | 69 | ||||||||
Receivables | 476 | 462 | 423 | 488 | 482 | 426 | |||
Inventory, net of allowances, customer advances and progress billings | 529 | 567 | 555 | 599 | 619 | 581 | |||
Inventory | 529 | 567 | 555 | 599 | 619 | 581 | |||
Prepaid expense | 12 | ||||||||
Other undisclosed current assets | 249 | 242 | 136 | 189 | 205 | 211 | |||
Total current assets: | 1,254 | 1,271 | 1,195 | 1,276 | 1,305 | 1,219 | |||
Noncurrent Assets | |||||||||
Finance lease, right-of-use asset, after accumulated amortization | 68 | ||||||||
Operating lease, right-of-use asset | 568 | 563 | 507 | 490 | 508 | 512 | |||
Intangible assets, net (including goodwill) | 1,799 | 1,784 | 1,778 | 1,741 | 1,794 | 1,841 | |||
Goodwill | 1,081 | 1,070 | 1,062 | 1,032 | 1,067 | 1,097 | |||
Intangible assets, net (excluding goodwill) | 718 | 715 | 716 | 709 | 728 | 744 | |||
Deferred income tax assets | 13 | 13 | 11 | 12 | 12 | 14 | |||
Other noncurrent assets | 87 | 83 | 77 | 105 | 112 | 112 | |||
Other undisclosed noncurrent assets | 851 | 823 | 723 | 727 | 673 | 625 | |||
Total noncurrent assets: | 3,317 | 3,267 | 3,165 | 3,075 | 3,099 | 3,103 | |||
TOTAL ASSETS: | 4,571 | 4,537 | 4,360 | 4,352 | 4,404 | 4,322 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities | 815 | 810 | 793 | 1,006 | 978 | 1,007 | |||
Taxes payable | ✕ | ✕ | ✕ | ✕ | 20 | 18 | ✕ | ||
Accounts payable | 363 | 368 | 360 | 440 | 433 | 462 | |||
Accrued liabilities | 453 | 442 | 433 | 546 | 528 | 544 | |||
Debt | 74 | 74 | 70 | 72 | 66 | 62 | |||
Other undisclosed current liabilities | 118 | 139 | 118 | 13 | 32 | ||||
Total current liabilities: | 1,007 | 1,023 | 981 | 1,078 | 1,057 | 1,101 | |||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation, including: | 2,708 | 2,769 | 2,740 | 2,731 | 2,817 | 2,589 | |||
Finance lease, liability | 66 | ||||||||
Other undisclosed long-term debt and lease obligation | 2,708 | 2,769 | 2,674 | 2,291 | 2,362 | 2,132 | |||
Liabilities, other than long-term debt | 709 | 702 | 651 | 245 | 256 | 266 | |||
Deferred income tax liabilities | 118 | 117 | 114 | 113 | 119 | 128 | |||
Other liabilities | 84 | 84 | 84 | 132 | 137 | 138 | |||
Operating lease, liability | 507 | 501 | 454 | 441 | 455 | 457 | |||
Other undisclosed noncurrent liabilities | 441 | 455 | 457 | ||||||
Total noncurrent liabilities: | 3,417 | 3,471 | 3,391 | 3,417 | 3,528 | 3,312 | |||
Total liabilities: | 4,423 | 4,494 | 4,372 | 4,495 | 4,585 | 4,413 | |||
Temporary equity, carrying amount | 9 | 9 | 10 | 9 | 9 | 9 | |||
Equity | |||||||||
Equity, attributable to parent | (22) | ||||||||
Common stock | 3 | ||||||||
Treasury stock, value | (3,435) | ||||||||
Additional paid in capital | 598 | ||||||||
Accumulated other comprehensive loss | (177) | ||||||||
Retained earnings | 2,989 | ||||||||
Other undisclosed equity | 138 | 35 | (153) | (190) | (101) | ||||
Total equity: | 138 | 35 | (22) | (153) | (190) | (101) | |||
TOTAL LIABILITIES AND EQUITY: | 4,571 | 4,537 | 4,360 | 4,352 | 4,404 | 4,322 |
Income Statement (P&L) ($ in millions)Annual | Quarterly
9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | ||
---|---|---|---|---|---|---|---|---|
Revenues | 1,270 | 1,208 | 1,187 | 1,283 | 1,211 | 1,240 | ||
Cost of revenue | (727) | (708) | (698) | (742) | (715) | (717) | ||
Gross profit: | 542 | 500 | 489 | 541 | 497 | 523 | ||
Operating expenses | (270) | (257) | (248) | (248) | (253) | (244) | ||
Other undisclosed operating loss | (113) | (100) | (94) | (92) | (100) | (91) | ||
Operating income: | 159 | 143 | 147 | 201 | 144 | 189 | ||
Nonoperating expense | (33) | (33) | (34) | (26) | (24) | (20) | ||
Interest and debt expense | (34) | (33) | (32) | (27) | (24) | (21) | ||
Other undisclosed income from continuing operations before equity method investments, income taxes | 34 | 33 | 32 | 27 | 24 | 21 | ||
Income from continuing operations before income taxes: | 125 | 110 | 114 | 175 | 120 | 169 | ||
Income tax expense | (32) | (25) | (12) | (41) | (28) | (38) | ||
Income from continuing operations: | 93 | 86 | 102 | 134 | 91 | 131 | ||
Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 134 | 91 | 131 | |
Other undisclosed net income (loss) | 0 | (1) | ||||||
Net income: | 93 | 86 | 103 | 133 | 91 | 131 | ||
Net loss attributable to noncontrolling interest | ||||||||
Other undisclosed net loss attributable to parent | (1) | (1) | (1) | (1) | (1) | (0) | ||
Net income available to common stockholders, diluted: | 92 | 85 | 102 | 133 | 91 | 131 |
Comprehensive Income ($ in millions)Annual | Quarterly
9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | ||
---|---|---|---|---|---|---|---|---|
Net income: | 93 | 86 | 103 | 133 | 91 | 131 | ||
Other comprehensive income (loss) | 17 | 15 | 62 | (65) | (58) | (18) | ||
Comprehensive income: | 110 | 101 | 165 | 68 | 33 | 113 | ||
Comprehensive loss, net of tax, attributable to noncontrolling interest | (1) | (1) | (1) | (1) | (1) | (0) | ||
Comprehensive income, net of tax, attributable to parent: | 110 | 100 | 164 | 68 | 33 | 113 |
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.