Hanesbrands Inc. (HBI) financial statements (2023 and earlier)

Company profile

Business Address 1000 EAST HANES MILL ROAD
WINSTON-SALEM, NC 27105
State of Incorp. MD
Fiscal Year End December 31
SIC 56 - Apparel And Accessory Stores (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments536909329433422460319
Cash and cash equivalents536909329433422460319
Receivables894832815871903814680
Inventory, net of allowances, customer advances and progress billings1,5841,4911,9062,0541,8751,8411,815
Inventory1,5841,4911,9062,0541,8751,8411,815
Disposal group, including discontinued operation327    46 
Other current assets187176175159186138104
Total current assets:3,5283,4083,2253,5183,3863,2982,918
Noncurrent Assets
Operating lease, right-of-use asset364467488
Property, plant and equipment441546588608624692650
Intangible assets, net (including goodwill)2,3532,8342,7572,7972,5702,3841,535
Goodwill1,1331,2561,2361,2421,1671,099834
Intangible assets, net (excluding goodwill)1,2201,5781,5211,5551,4031,285701
Regulated entity, other noncurrent assets  78111033
Deferred income tax assets328373 
Other noncurrent assets57709484806871
Other undisclosed noncurrent assets  197241224455412
Total noncurrent assets:3,5434,2904,1293,7383,5083,6092,701
TOTAL ASSETS:7,0717,6997,3547,2566,8956,9085,619
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,6121,3281,2821,3261,1711,0281,275
Accounts payable1,2159499591,030868762673
Accrued liabilities242218164148150112460
Employee-related liabilities156162159147153155142
Debt2526427716212545195
Disposal group, including discontinued operation317    9 
Other liabilities263364208258346330192
Other undisclosed current liabilities1101484285136190(159)
Total current liabilities:2,3272,1031,7712,0301,7791,6031,504
Noncurrent Liabilities
Long-term debt and lease obligation3,6084,1003,6153,5343,7023,5082,254
Long-term debt, excluding current maturities3,3263,7393,2573,5343,7023,5082,254
Operating lease, liability282360358
Liabilities, other than long-term debt434682731721591573585
Accounts payable and accrued liabilities   101   
Liability, pension and other postretirement and postemployment benefits249428403379405372362
Other liabilities185254327242185202223
Other undisclosed noncurrent liabilities    137  
Total noncurrent liabilities:4,0424,7824,3464,2554,4304,0812,839
Total liabilities:6,3696,8856,1176,2866,2095,6844,343
Stockholders' equity
Stockholders' equity attributable to parent7028141,2379706861,2241,276
Common stock3344444
Additional paid in capital315308304285271260278
Accumulated other comprehensive loss(552)(567)(618)(503)(439)(436)(395)
Retained earnings9351,0701,5461,1858501,3961,389
Total stockholders' equity:7028141,2379706861,2241,276
TOTAL LIABILITIES AND EQUITY:7,0717,6997,3547,2566,8956,9085,619

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues6,8016,6646,9676,8046,4716,0285,732
Revenue, net6,4716,0285,732
Cost of revenue
(Cost of Goods and Services Sold)
(4,150)(4,816)(4,248)(4,147)(3,981)(3,752)(3,595)
Gross profit:2,6521,8482,7192,6572,4912,2762,136
Operating expenses(1,854)(1,842)(1,830)(1,789)(1,740)(1,500)(1,541)
Other undisclosed operating loss    (28)  
Operating income:7987890868723776595
Nonoperating expense
(Other Nonoperating expense)
(54)(23)(31)(26)(11)(52)(3)
Interest and debt expense(163)(166)(179)(195)(174)(153)(118)
Income (loss) from continuing operations before income taxes:581(183)680647537571474
Income tax expense (benefit)(60)108(79)(94)(473)(34)(45)
Income (loss) from continuing operations:521(76)60155364537429
Loss from discontinued operations(444)      
Net income (loss):77(76)60155364537429
Other undisclosed net income (loss) attributable to parent    (2)2 
Net income (loss) available to common stockholders, diluted:77(76)60155362539429

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):77(76)60155364537429
Other comprehensive income (loss)1551(43)(5)116(1)
Comprehensive income (loss):93(25)55854865553428
Other undisclosed comprehensive loss, net of tax, attributable to parent   (59)(6)(55)(21)
Comprehensive income (loss), net of tax, attributable to parent:93(25)55848959498407

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.

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