Tempur Sealy International, Inc. (TPX) Financial Statements (2024 and earlier)

Company Profile

Business Address 1000 TEMPUR WAY
LEXINGTON, KY 40511
State of Incorp. DE
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 investments 6930165654642
Cash and cash equivalents 6930165654642
Receivables423420384372322318
Inventory, net of allowances, customer advances and progress billings555464312261222183
Inventory555464312261222183
Prepaid expense 1295494
Other undisclosed current assets1368320319920761
Total current assets:1,1951,276968900805607
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 6865  
Operating lease, right-of-use asset507481304245
Property, plant and equipment   508436421435
Intangible assets, net (including goodwill)1,7781,8581,3961,3741,3721,401
Goodwill1,0621,107766732723733
Intangible assets, net (excluding goodwill)716751630641649667
Deferred income tax assets11141414
Other noncurrent assets771121189394227
Other undisclosed noncurrent assets723519  2324
Total noncurrent assets:3,1653,0482,3402,1621,9102,087
TOTAL ASSETS:4,3604,3233,3093,0622,7152,694
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities793991909725612505
Taxes payable    29
Accounts payable360432324252253241
Accrued liabilities433559585473359234
Debt705344374772
Self insurance reserve     5 
Other undisclosed current liabilities1181022115 
Total current liabilities:9811,053975773669577
Noncurrent Liabilities
Long-term debt and lease obligation, including:2,7402,2791,3232051,5991,681
Long-term debt, excluding current maturities    1,5031,5991,681
Finance lease, liability 66626056
Other undisclosed long-term debt and lease obligation2,6741,790988(1,559)  
Liabilities, other than long-term debt651270233230137231
Deferred income tax liabilities11412990102
Liability, pension and other postretirement and postemployment benefits   111087
Other liabilities84140132118112207
Operating lease, liability454427275205
Self insurance reserve     1616
Other undisclosed noncurrent liabilities  4272641,4939391
Total noncurrent liabilities:3,3912,9751,8201,9281,8292,002
Total liabilities:4,3724,0282,7952,7012,4982,579
Temporary equity, carrying amount1099  2
Equity
Equity, attributable to parent (22)286504360215113
Common stock 333111
Treasury stock, value (3,435)(2,845)(2,097)(1,833)(1,737)(1,737)
Additional paid in capital 598622618576532508
Accumulated other comprehensive loss (177)(99)(66)(88)(95)(76)
Retained earnings 2,9892,6052,0461,7031,5141,416
Equity, attributable to noncontrolling interest   113 
Other undisclosed equity      
Total equity:(22)286505360218113
TOTAL LIABILITIES AND EQUITY:4,3604,3233,3093,0622,7152,694

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
Revenues4,9214,9313,6773,1062,7032,754
Cost of revenue(2,872)(2,772)(2,039)(1,764)(1,582)(1,614)
Gross profit:2,0502,1591,6381,3421,1211,141
Operating expenses(993)(923)(740)(666)(588)(601)
Other undisclosed operating loss(377)(323)(366)(329)(277)(251)
Operating income:681912532347256288
Nonoperating expense(103)(88)(80)(81)(91)(100)
Interest and debt expense(103)(23)(5)(86)(92)(108)
Other undisclosed income from continuing operations before equity method investments, income taxes1032358692108
Income from continuing operations before income taxes:577824452266165188
Income tax expense(119)(198)(103)(75)(50)(48)
Income from continuing operations:458626350191115141
Income before gain (loss) on sale of properties:625350189115141
Loss from discontinued operations  (1) (1)  
Other undisclosed net income (loss)(0)   (18) 
Net income:45862535018998141
Net income (loss) attributable to noncontrolling interest(2)(1)(1)0311
Other undisclosed net loss attributable to parent      
Net income available to common stockholders, diluted:456625349190101151

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:45862535018998141
Other comprehensive income (loss)(78)(34)228(20)28
Comprehensive income:38059137219778169
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(2)(1)(1)0311
Comprehensive income, net of tax, attributable to parent:37859137119781179

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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