Tapestry, Inc. (TPR) financial statements (2020 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)

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:2702651,2503,0841,3191,526869
Cash and cash equivalents8979691,2432,6738591,292592
Short-term investments  7411460234277
Other undisclosed cash, cash equivalents, and short-term investments(627)(705)     
Receivables407298314268245220199
Inventory, net of allowances, customer advances and progress billings748778674470459485526
Inventory748778674470459485526
Prepaid expense651008359587345
Other current assets12491863291105104
Other undisclosed current assets8971,0252642 98113
Total current assets:2,5112,5572,4333,9532,1732,5071,855
Noncurrent Assets
Operating lease, right-of-use asset1,997
Property, plant and equipment886939885691920733714
Long-term investments and receivables 0 75559406485
Long-term investments 0 75559406485
Intangible assets, net (including goodwill)3,1613,2283,217821849794371
Goodwill1,5111,5161,484481502434361
Intangible assets, net (excluding goodwill)1,6501,7121,73334134736010
Deferred income tax assets36
Other noncurrent assets109134119120144112127
Other undisclosed noncurrent assets 1924171249116112
Total noncurrent assets:6,1894,3214,2461,8782,7202,1601,808
TOTAL ASSETS:8,7006,8776,6785,8324,8934,6673,663
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities9239179387548121,099903
Accounts payable252244264195187223154
Accrued liabilities670674673559625601519
Employee-related liabilities     182138
Interest and dividends payable     9393
Debt33011 1511140
Other liabilities     278237
Other undisclosed current liabilities     (553)(468)
Total current liabilities:1,252918938754827835813
Noncurrent Liabilities
Long-term debt and lease obligation3,5131,6171,6171,600870889 
Long-term debt, excluding current maturities1,6111,6171,6171,600870889 
Operating lease, liability1,901
Liabilities, other than long-term debt6266437154965221,002937
Deferred revenue and credits   6060
Accounts payable and accrued liabilities150156222  403370
Asset retirement obligations 3326  1618
Deferred tax liabilities, net    6060
Deferred income tax liabilities231
Other liabilities246454467496522463429
Other undisclosed noncurrent liabilities(13)186163(21)(9)(549)(507)
Total noncurrent liabilities:4,1252,4462,4962,0761,3831,342429
Total liabilities:5,3783,3643,4342,8302,2102,1771,242
Stockholders' equity
Stockholders' equity attributable to parent3,3223,5133,2453,0022,6832,4902,421
Common stock3333333
Additional paid in capital3,3333,3023,2062,9782,8572,7542,646
Accumulated other comprehensive loss(85)(83)(83)(87)(73)(78)(9)
Retained earnings (accumulated deficit)71292119108(104)(190)(219)
Total stockholders' equity:3,3223,5133,2453,0022,6832,4902,421
TOTAL LIABILITIES AND EQUITY:8,7006,8776,6785,8324,8934,6673,663

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

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
Revenues6,0196,0275,8804,4884,4924,1924,806
Revenue, net 4,4884,4924,1924,806
Cost of revenue(1,980)(1,973)(2,026)(1,407)(1,441)(1,283)(1,509)
Gross profit:4,0394,0543,8543,0813,0512,9093,297
Operating expenses(3,349)(3,240)(3,183)(2,294)(2,398)(2,339)(2,212)
Other undisclosed operating income     4936
Operating income:6908146717876546181,120
Nonoperating income (expense)6    (27) 
Loss on contract termination     (27) 
Other nonoperating income6      
Interest and debt expense(34)(67)(86)(27)(33)(12) 
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(27)1912(2)6332
Income from continuing operations before income taxes:6367665977596276121,122
Income tax expense(51)(123)(199)(168)(166)(209)(341)
Net income available to common stockholders, diluted:585643398591461402781

Comprehensive Income ($ in millions)

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
Net income:585643398591461402781
Other comprehensive income (loss)7(0)4(14)5(69)3
Comprehensive income, net of tax, attributable to parent:592643402577465333785

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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