Tapestry, Inc. (TPR) financial statements (2021 and earlier)

Company profile

Business Address 10 HUDSON YARDS
NEW YORK, NY 10001
State of Incorp. MD
Fiscal Year End June 30
SIC 31 - Leather And Leather Products (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:982651,2503,0841,3191,526
Cash and cash equivalents 1,4269691,2432,6738591,292
Short-term investments9  7411460234
Other undisclosed cash, cash equivalents, and short-term investments (1,418)(705)    
Receivables332193298314268245220
Inventory, net of allowances, customer advances and progress billings632737778674470459485
Inventory632737778674470459485
Prepaid expense685810083595873
Other current assets898591863291105
Other undisclosed current assets1,7471,4721,0252642 98
Total current assets:2,8772,5532,5572,4333,9532,1732,507
Noncurrent Assets
Operating lease, right-of-use asset1,6751,757
Property, plant and equipment730775939885691920733
Long-term investments and receivables 00 75559406
Long-term investments 00 75559406
Intangible assets, net (including goodwill)2,6932,6813,2283,217821849794
Goodwill1,3171,3011,5161,484481502434
Intangible assets, net (excluding goodwill)1,3761,3791,7121,733341347360
Deferred income tax assets6156
Other noncurrent assets114102134119120144112
Other undisclosed noncurrent assets  1924171249116
Total noncurrent assets:5,2735,3714,3214,2461,8782,7202,160
TOTAL ASSETS:8,1507,9246,8776,6785,8324,8934,667
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities9736429179387548121,099
Accounts payable386131244264195187223
Accrued liabilities559511674673559625601
Employee-related liabilities      182
Taxes payable27      
Interest and dividends payable      93
Deferred revenue3228
Debt20171211 1511
Other liabilities      278
Other undisclosed current liabilities328360    (553)
Total current liabilities:1,5331,742918938754827835
Noncurrent Liabilities
Long-term debt and lease obligation3,2593,4001,6171,6171,600870889
Long-term debt, excluding current maturities1,6001,6001,6171,6171,600870889
Operating lease, liability1,6591,800
Liabilities, other than long-term debt4785186437154965221,002
Deferred revenue and credits   60
Accounts payable and accrued liabilities136144156222  403
Asset retirement obligations  3326  16
Deferred tax liabilities, net    60
Deferred income tax liabilities113155
Other liabilities230219454467496522463
Other undisclosed noncurrent liabilities(11)(12)186163(21)(9)(549)
Total noncurrent liabilities:3,7273,9062,4462,4962,0761,3831,342
Total liabilities:5,2605,6483,3643,4342,8302,2102,177
Stockholders' equity
Stockholders' equity attributable to parent2,8912,2763,5133,2453,0022,6832,490
Common stock3333333
Additional paid in capital3,3883,3593,3023,2062,9782,8572,754
Accumulated other comprehensive loss(50)(92)(83)(83)(87)(73)(78)
Retained earnings (accumulated deficit)(450)(993)292119108(104)(190)
Total stockholders' equity:2,8912,2763,5133,2453,0022,6832,490
TOTAL LIABILITIES AND EQUITY:8,1507,9246,8776,6785,8324,8934,667

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

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
Revenues4,6454,9616,0275,8804,4884,4924,192
Revenue, net 4,4884,4924,192
Cost of revenue(1,526)(1,722)(1,973)(2,026)(1,407)(1,441)(1,283)
Gross profit:3,1193,2394,0543,8543,0813,0512,909
Operating expenses(3,015)(3,312)(3,240)(3,183)(2,294)(2,398)(2,339)
Other undisclosed operating income (loss)(478)(478)    49
Operating income (loss):(374)(551)814671787654618
Nonoperating income (expense)0     (27)
Loss on contract termination      (27)
Other nonoperating income0      
Interest and debt expense(1)(1)(67)(86)(27)(33)(12)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(72)(73)1912(2)633
Income (loss) from continuing operations before income taxes:(446)(624)766597759627612
Income tax expense (benefit)18(28)(123)(199)(168)(166)(209)
Net income (loss) available to common stockholders, diluted:(428)(652)643398591461402

Comprehensive Income ($ in millions)

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
Net income (loss):(428)(652)643398591461402
Other comprehensive income (loss)30(9)(0)4(14)5(69)
Other undisclosed comprehensive loss(9)      
Comprehensive income (loss):(407)(661)643402577465333
Other undisclosed comprehensive income, net of tax, attributable to parent14      
Comprehensive income (loss), net of tax, attributable to parent:(394)(661)643402577465333

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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