Wolverine World Wide, Inc. (WWW) Financial Statements (2024 and earlier)

Company Profile

Business Address 9341 COURTLAND DR
ROCKFORD, MI 49351
State of Incorp. MI
Fiscal Year End December 31
Industry (SIC) 314 - Footwear, Except Rubber (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)
Annual | Quarterly

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments  162347181143481
Cash and cash equivalents  162347181143481
Receivables242320268331361271
Inventory, net of allowances, customer advances and progress billings745366243348318277
Inventory745366243348318277
Prepaid expense341423
Disposal group, including discontinued operation68     
Other undisclosed current assets20853441034443
Total current assets:1,2659049049678681,074
Noncurrent Assets
Operating lease, right-of-use asset175138143 ✕✕
Property, plant and equipment136129125141131137
Intangible assets, net (including goodwill)8261,3498981,1211,1011,111
Goodwill485557442439424430
Intangible assets, net (excluding goodwill)341793455682676682
Deferred income tax assets2523 ✕✕
Other noncurrent assets666465878172
Defined benefit plan, assets for plan benefits✕✕✕✕✕✕2
Other undisclosed noncurrent assets    16432
Total noncurrent assets:1,2271,6831,2331,5131,3151,325
TOTAL ASSETS:2,4932,5862,1372,4802,1832,399
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities631490366385344324
Employee-related liabilities✕✕4631253640
Accounts payable272222185202202162
Accrued liabilities359223150158106122
Debt10101013838
Accrued environmental loss contingencies5025244212 
Disposal group, including discontinued operation9     
Other undisclosed current liabilities41023573491101
Total current liabilities:1,110760406787473362
Noncurrent Liabilities
Long-term debt and lease obligation723850843426438745
Long-term debt, excluding current maturities723732713426438745
Liabilities, other than long-term debt320332316424280337
Deferred tax liabilities, net✕✕✕✕9910884
Deferred income tax liabilities3511936 ✕✕
Liability, pension and other postretirement and postemployment benefits7310714711092142
Accrued environmental loss contingencies    83  
Other liabilities5910613313281111
Operating lease, liability154118130 ✕✕
Other undisclosed noncurrent liabilities    64  
Total noncurrent liabilities:1,0431,1821,1589147181,082
Total liabilities:2,1541,9421,5641,7021,1921,444
Equity
Equity, attributable to parent321630561767986950
Common stock112112110108108106
Treasury stock, value(891)(810)(764)(736)(404)(223)
Additional paid in capital325299253233201149
Accumulated other comprehensive loss(133)(99)(131)(102)(88)(75)
Retained earnings9071,1281,0931,2631,170992
Equity, attributable to noncontrolling interest1815121266
Total equity:339644573778992955
TOTAL LIABILITIES AND EQUITY:2,4932,5862,1372,4802,1832,399

Income Statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues2,6852,4151,7912,2742,2392,350
Revenue, net✕✕✕✕✕✕2,350
Cost of revenue
(Cost of Goods and Services Sold)		(1,614)(1,385)(1,056)(1,350)(1,318)(1,427)
Other undisclosed gross profit      (9)
Gross profit:1,0701,030736924921914
Operating expenses(1,245)(818)(862)(669)(654)(782)
Other undisclosed operating income (loss)(34)(56)(11)(84)(15)(108)
Operating income (loss):(208)156(137)17125224
Nonoperating expense(45)(75)(47)(25)(25)(35)
Other nonoperating income (expense)3(4)251(2)
Interest and debt expense  (6)(3)(2)(1)(3)
Other undisclosed income from continuing operations before equity method investments, income taxes   3213
Income (loss) from continuing operations before equity method investments, income taxes:(253)75(184)146227(11)
Other undisclosed income from continuing operations before income taxes  6    
Income (loss) from continuing operations before income taxes:(253)80(184)146227(11)
Income tax expense (benefit)64(13)46(17)(27)10
Income (loss) from continuing operations:(189)67(139)129200(1)
Income (loss) before gain (loss) on sale of properties:✕✕67(139)129200(1)
Net income (loss):(189)67(139)129200(1)
Net income (loss) attributable to noncontrolling interest122(0)(0)1
Net income (loss) attributable to parent:(188)69(137)1292000
Other undisclosed net loss available to common stockholders, basic  (1)(1)(3)(8) 
Net income (loss) available to common stockholders, basic:(188)68(138)1261930
Dilutive securities, effect on basic earnings per share    02(0)
Other undisclosed net loss available to common stockholders, diluted(1)     
Net income (loss) available to common stockholders, diluted:(189)68(138)1261940

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(189)67(139)129200(1)
Other comprehensive income (loss)(35)32(29)(14)(5)6
Comprehensive income (loss):(224)99(167)1151956
Comprehensive income (loss), net of tax, attributable to noncontrolling interest122(0) 1
Comprehensive income (loss), net of tax, attributable to parent:(222)100(165)1151956

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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