Tupperware Brands Corporation (TUP) Financial Statements (2024 and earlier)

Company Profile

Business Address 14901 S ORANGE BLOSSOM TRAIL
ORLANDO, FL 32837-6600
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3089 - Plastics Products, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments26713912314914493
Cash and cash equivalents26713912314914493
Restricted cash and investments      
Receivables118141150195203190
Inventory, net of allowances, customer advances and progress billings232236245258262240
Inventory232236245258262240
Disposal group, including discontinued operation 8     
Other undisclosed current assets233020192122
Total current assets:648546539621631545
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization  8
Operating lease, right-of-use asset759884
Accounts receivable, excluding accrued interest, after allowance for credit loss 
Nontrade receivables      
Property, plant and equipment 161203268276278260
Long-term investments and receivables 81315191913
Accounts and financing receivable, after allowance for credit loss 81315191913
Intangible assets, net (including goodwill)436084129141200
Goodwill 4360607679133
Intangible assets, net (excluding goodwill)  25536367
Restricted cash and investments      
Disposal group, including discontinued operation, noncurrent assets 19     
Deferred costs   12   
Deferred income tax assets 195179 
Other noncurrent assets979887484130
Other undisclosed noncurrent assets1124166217278540
Total noncurrent assets:6076747246887581,043
TOTAL ASSETS:1,2551,2201,2621,3091,3881,588
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities411485416474526442
Accounts payable123135125129124118
Accrued liabilities288350290344401324
Debt9 273286133106
Disposal group, including discontinued operation136     
Other undisclosed current liabilities  425    
Total current liabilities:556910689759659548
Noncurrent Liabilities
Long-term debt and lease obligation, including:701259602603605606
Capital lease obligations467
Finance lease, liability 022
Other undisclosed long-term debt and lease obligation643187544600600599
Liabilities, other than long-term debt149186192182244221
Liability, pension and other postretirement and postemployment benefits      
Disposal group, including discontinued operation, liabilities18     
Other liabilities131186192182244221
Operating lease, liability577056
Other undisclosed noncurrent liabilities 5770    
Total noncurrent liabilities:907515795785849827
Total liabilities:1,4631,4251,4831,5441,5071,375
Equity
Equity, attributable to parent(207)(205)(277)(235)(119)213
Common stock111111
Treasury stock, value(876)(897)(922)(940)(852)(880)
Additional paid in capital217216215219218209
Accumulated other comprehensive loss(688)(686)(638)(602)(529)(572)
Retained earnings1,1391,1621,0671,0871,0431,455
Total equity:(207)(205)(277)(235)(119)213
Other undisclosed liabilities and equity   56   
TOTAL LIABILITIES AND EQUITY:1,2551,2201,2621,3091,3881,588

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

12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues1,6021,7401,7982,0702,2562,213
Revenue, net2,2562,213
Cost of revenue
(Cost of Goods and Services Sold)
(534)(571)(611)(692)(745)(715)
Gross profit:1,0681,1691,1871,3781,5111,498
Operating expenses(810)(972)(1,021)(1,058)(1,219)(1,151)
Other undisclosed operating loss (8) (40) (63) 
Operating income:251198126320229347
Nonoperating income31319323
Investment income, nonoperating122333
Other nonoperating income (expense)212170(1)(0)
Interest and debt expense(55)2(42)(47)(46)(49)
Income (loss) from continuing operations before income taxes:198212103276185301
Income tax expense(43)(100)(91)(120)(451)(78)
Income (loss) from continuing operations:15611212156(265)224
Income (loss) before gain (loss) on sale of properties:15211212156(265)224
Income (loss) from discontinued operations(4)     
Net income (loss):15211212156(265)224
Other undisclosed net income (loss) attributable to parent(134)     
Net income (loss) available to common stockholders, diluted:1911212156(265)224

Comprehensive Income ($ in millions)

12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):15211212156(265)224
Other comprehensive income (loss) (2)(48)(31)(49)42(50)
Comprehensive income (loss):15065(19)107(223)174
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(134)     
Comprehensive income (loss), net of tax, attributable to parent:1765(19)107(223)174

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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