Tempur Sealy International, Inc. (TPX) financial statements (2021 and earlier)

Company profile

Business Address 1000 TEMPUR WAY
LEXINGTON, KY 40511
State of Incorp. KY
Fiscal Year End December 31
SIC 251 - Household Furniture (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments654642661546381
Cash and cash equivalents654642661546381
Receivables372322318345379386349
Inventory, net of allowances, customer advances and progress billings261222183197199217199
Inventory261222183197199217199
Prepaid expense49471410 
Prepaid expense and other current assets9
Other undisclosed current assets1992076157639190
Total current assets:900805607672809766728
Noncurrent Assets
Operating lease, right-of-use asset245
Property, plant and equipment436421435422362356412
Intangible assets, net (including goodwill)1,3741,3721,4011,4011,4051,4641,510
Goodwill732723733723709737760
Intangible assets, net (excluding goodwill)641649667679695727750
Estimated insurance recoveries   14  
Deferred costs      54
Deferred income tax assets14
Other noncurrent assets93942271856868 
Prepaid expense and other noncurrent assets70
Defined benefit plan, assets for plan benefits 001
Other undisclosed noncurrent assets 23248128(44)
Total noncurrent assets:2,1621,9102,0872,0311,8461,8962,002
TOTAL ASSETS:3,0622,7152,6942,7032,6562,6632,730
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities725612505475532532463
Accounts payable252253241219266226191
Accrued liabilities473359234250254233208
Employee-related liabilities     6059
Taxes payable  29611124
Debt374772701826640
Self insurance reserve 5   55
Deferred tax liabilities    01
Other liabilities     6137
Other undisclosed current liabilities115   (125)(104)
Total current liabilities:773669577546713538442
Noncurrent Liabilities
Long-term debt and lease obligation, including:2051,5991,6811,8181,2731,5361,797
Long-term debt, excluding current maturities1,5031,5991,6811,8181,273  
Finance lease, liability56
Operating lease, liability205
Other undisclosed long-term debt and lease obligation(1,559)    1,5361,797
Liabilities, other than long-term debt230137231344367413364
Pension and other postretirement defined benefit plans, liabilities(7)
Accounts payable and accrued liabilities     15 
Deferred tax liabilities, net  175195259286
Deferred income tax liabilities102
Liability, pension and other postretirement and postemployment benefits1087  15
Other liabilities11811220716917111475
Self insurance reserve 1616  1010
Other undisclosed noncurrent liabilities1,4939391  (40)(3)
Total noncurrent liabilities:1,9281,8292,0022,1621,6401,9092,158
Total liabilities:2,7012,4982,5792,7072,3532,4472,600
Temporary equity, carrying amount  28121312
Stockholders' equity
Stockholders' equity attributable to parent360215113(15)290203119
Common stock1111111
Treasury stock, value(1,833)(1,737)(1,737)(1,700)(1,174)(1,191)(1,193)
Additional paid in capital576532508493463412397
Accumulated other comprehensive loss(88)(95)(76)(121)(110)(56)(14)
Retained earnings1,7031,5141,4161,3121,1101,037928
Stockholders' equity attributable to noncontrolling interest13 3   
Total stockholders' equity:360218113(12)290203119
TOTAL LIABILITIES AND EQUITY:3,0622,7152,6942,7032,6562,6632,730

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues3,1062,7032,7543,1273,1512,9902,464
Revenue, net   2,9902,464
Cost of revenue(1,764)(1,582)(1,614)(1,818)(1,902)(1,839)(1,449)
Cost of goods and services sold     (1,839)(1,449)
Gross profit:1,3421,1211,1411,3091,2491,1501,015
Operating expenses(666)(588)(601)(649)(648)(1,003)(873)
Other undisclosed operating income (loss)(329)(277)(251)(245)(292)129102
Operating income:347256288416309276244
Nonoperating expense(81)(91)(100)(132)(109)(101)(116)
Investment income, nonoperating     (23) 
Interest and debt expense(86)(92)(108)(47)(96)(92)(116)
Other undisclosed income from continuing operations before equity method investments, income taxes8692108479692116
Income from continuing operations before income taxes:266165188283200175128
Income tax expense(75)(50)(48)(87)(125)(65)(49)
Income from continuing operations:1911151411977511079
Loss from discontinued operations(1)      
Income before gain (loss) on sale of properties:1891151411977511079
Other undisclosed net loss (18)     
Net income:189981411977511079
Net income (loss) attributable to noncontrolling interest0311 (1)(1)(0)
Other undisclosed net income attributable to parent   6   
Net income available to common stockholders, diluted:1901011512027410979

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:189981411977511079
Other comprehensive income (loss)8(20)28(11)(54)(42)(6)
Comprehensive income:19778169185206873
Comprehensive income (loss), net of tax, attributable to noncontrolling interest03116(1)(1)0
Other undisclosed comprehensive loss, net of tax, attributable to parent      (1)
Comprehensive income, net of tax, attributable to parent:19781179191196773

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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