Mohawk Industries, Inc. (MHK) financial statements (2021 and earlier)

Company profile

Business Address 160 S INDUSTRIAL BLVD
CALHOUN, GA 30701
State of Incorp. DE
Fiscal Year End December 31
SIC 2273 - Carpets and Rugs (benchmarking)
More info Complete financial analysis Financial benchmarking

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

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 investments1,3401351198512282
Cash and cash equivalents7691351198512282
Short-term investments572     
Receivables1,7091,5271,6061,5581,3761,258
Inventory, net of allowances, customer advances and progress billings1,9132,2822,2881,9491,6761,607
Inventory1,9132,2822,2881,9491,6761,607
Prepaid expense369416422377268259
Other current assets3170751043045
Total current assets:5,3644,4294,5094,0733,4723,250
Noncurrent Assets
Operating lease, right-of-use asset323323
Property, plant and equipment4,5914,6994,7004,2713,3703,147
Intangible assets, net (including goodwill)3,6023,4993,4833,3633,1093,230
Goodwill2,6512,5702,5212,4712,2742,293
Intangible assets, net (excluding goodwill)952929962892835937
Other noncurrent assets447436407388280315
Other undisclosed noncurrent assets     (1,252)
Total noncurrent assets:8,9648,9578,5908,0226,7595,440
Other undisclosed assets     1,252
TOTAL ASSETS:14,32813,38713,09912,09510,2319,942
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,8961,5591,5241,4521,3361,256
Accounts payable1,017825812810729697
Accrued liabilities621510478403380329
Employee-related liabilities222193198207193181
Interest and dividends payable302122222035
Other undisclosed accounts payable and accrued liabilities6101591214
Deferred revenue39 
Debt3851,1531,7421,2041,3832,003
Other undisclosed current liabilities51     
Total current liabilities:2,3712,7133,2662,6552,7183,259
Noncurrent Liabilities
Long-term debt and lease obligation2,5921,7471,5161,5601,1291,197
Long-term debt, excluding current maturities2,3571,5181,5161,5601,1291,197
Operating lease, liability235228
Liabilities, other than long-term debt824801463455215604
Deferred tax liabilities, net   388
Deferred income tax liabilities494474
Other liabilities330327463455215215
Other undisclosed noncurrent liabilities  414328361 
Total noncurrent liabilities:3,4152,5482,3932,3431,7051,801
Total liabilities:5,7875,2605,6594,9984,4235,060
Temporary equity, carrying amount   292422
Stockholders' equity
Stockholders' equity attributable to parent8,5348,1207,4347,0595,7764,854
Common stock111111
Treasury stock, value(216)(216)(216)(216)(216)(216)
Additional paid in capital1,8851,8681,8521,8281,7921,760
Accumulated other comprehensive loss(695)(766)(792)(559)(833)(794)
Retained earnings7,5597,2326,5886,0055,0334,103
Stockholders' equity attributable to noncontrolling interest776877
Total stockholders' equity:8,5418,1267,4407,0675,7834,861
TOTAL LIABILITIES AND EQUITY:14,32813,38713,09912,09510,2319,942

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues9,5529,9719,9849,4918,9598,072
Revenue, net9,4918,9598,072
Cost of revenue
(Cost of Goods and Services Sold)
(7,122)(7,295)(7,146)(6,495)(6,146)(5,661)
Gross profit:2,4312,6762,8382,9962,8132,411
Operating expenses(1,795)(1,849)(1,743)(1,642)(1,533)(1,573)
Operating income:6368271,0951,3541,280838
Nonoperating income (expense)1(36)(7)(5)2(18)
Investment income, nonoperating3     
Foreign currency transaction gain (loss), before tax(8)7(10)(8)(1) 
Other nonoperating income (expense)916788(18)
Interest and debt expense(52)(41)(39)(31)(41)(71)
Income from continuing operations before income taxes:5847501,0491,3181,241749
Income tax expense(69)(5)(184)(343)(308)(132)
Net income:516745865975934617
Net loss attributable to noncontrolling interest(0)(0)(3)  (2)
Other undisclosed net loss attributable to parent   (3)(3) 
Net income attributable to parent:516744862972930615
Preferred stock dividends and other adjustments  (4)(0)(0) 
Other undisclosed net loss available to common stockholders, basic     (0)
Net income available to common stockholders, diluted:516744858972930615

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:516745865975934617
Other comprehensive income7126    
Other undisclosed comprehensive income (loss)  (236)279(39)(364)
Comprehensive income:5877706291,253894253
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)(0)0(7)(3)(2)
Comprehensive income, net of tax, attributable to parent:5867706291,246891251

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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