Sleep Number Corporation (SNBR) Financial Statements (2024 and earlier)

Company Profile

Business Address 1001 THIRD AVENUE SOUTH
MINNEAPOLIS, MN 55404
State of Incorp. MN
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)

9/30/2023
MRQ
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 investments224224
Cash and cash equivalents224224
Receivables262632202519
Inventory, net of allowances, customer advances and progress billings11410681878584
Inventory11410681878584
Prepaid expense16192115818
Other current assets405543363228
Total current assets:198208182160151152
Noncurrent Assets
Operating lease, right-of-use asset398371314327
Property, plant and equipment201195175197206209
Intangible assets, net (including goodwill), including:687073737578
Goodwill646464646464
Intangible assets, net (excluding goodwill)35781012
Other undisclosed intangible assets, net (including goodwill)111111
Deferred income tax assets8   
Other noncurrent assets827556483830
Deferred tax assets, net 3
Total noncurrent assets:756712618646319319
TOTAL ASSETS:954920800806470472
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities231236192197191188
Taxes payable2223221824
Employee-related liabilities5177402835
Accounts payable17616392135145129
Accrued liabilities55     
Debt46038324429120025
Self insurance reserve 99    
Customer advances and deposits28
Other liabilities616461535147
Other undisclosed current liabilities169215159544719
Total current liabilities:930907656595489306
Noncurrent Liabilities
Long-term debt and lease obligation:  336283298  
Liabilities, other than long-term debt46210285699176
Deferred tax liabilities, net5 
Deferred income tax liabilities  10 
Other liabilities10510185698676
Operating lease, liability357336283298
Other undisclosed noncurrent liabilities    4  
Total noncurrent liabilities:4624383683719176
Total liabilities:1,3921,3441,024965580383
Equity
Equity, attributable to parent(438)(425)(224)(159)(110)89
Common stock000000
Additional paid in capital54    
Retained earnings (accumulated deficit)(444)(429)(224)(160)(110)89
Total equity:(438)(425)(224)(159)(110)89
TOTAL LIABILITIES AND EQUITY:954920800806470472

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues2,1142,1851,8571,6981,5321,444
Revenue, net1,444
Cost of revenue(912)(866)(701)(646)(604)(547)
Gross profit:1,2021,3191,1561,052928897
Operating expenses(1,134)(1,125)(971)(940)(836)(805)
Operating income:681941851129292
Nonoperating expense     (6)(1)
Interest and debt expense    (12)(6)(1)
Other undisclosed income from continuing operations before equity method investments, income taxes      1
Income from continuing operations before equity method investments, income taxes:681941851018191
Other undisclosed income (loss) from continuing operations before income taxes(19)(6)(9)06 
Income from continuing operations before income taxes:491871761018791
Income tax expense(12)(34)(37)(19)(17)(26)
Income from continuing operations:37154139827065
Income before gain (loss) on sale of properties:154139827065
Net income available to common stockholders, diluted:37154139827065

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:37154139827065
Comprehensive income, net of tax, attributable to parent:37154139827065

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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