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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments656546426615463
Cash and cash equivalents656546426615463
Receivables384372322318345379386
Inventory, net of allowances, customer advances and progress billings312261222183197199217
Inventory312261222183197199217
Prepaid expense549471410
Other undisclosed current assets20319920761576391
Total current assets:968900805607672809766
Noncurrent Assets
Operating lease, right-of-use asset304245
Property, plant and equipment508436421435422362356
Intangible assets, net (including goodwill)1,3961,3741,3721,4011,4011,4051,464
Goodwill766732723733723709737
Intangible assets, net (excluding goodwill)630641649667679695727
Estimated insurance recoveries    14  
Deferred income tax assets1414
Other noncurrent assets11893942271856868
Defined benefit plan, assets for plan benefits 00
Other undisclosed noncurrent assets  23248128
Total noncurrent assets:2,3402,1621,9102,0872,0311,8461,896
TOTAL ASSETS:3,3093,0622,7152,6942,7032,6562,663
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities909725612505475532532
Accounts payable324252253241219266226
Accrued liabilities585473359234250254233
Employee-related liabilities      60
Taxes payable   2961112
Debt443747727018266
Self insurance reserve  5   5
Deferred tax liabilities    0
Other liabilities      61
Other undisclosed current liabilities22115   (125)
Total current liabilities:975773669577546713538
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,3232051,5991,6811,8181,2731,536
Long-term debt, excluding current maturities 1,5031,5991,6811,8181,273 
Finance lease, liability6056
Operating lease, liability275205
Other undisclosed long-term debt and lease obligation988(1,559)    1,536
Liabilities, other than long-term debt233230137231344367413
Accounts payable and accrued liabilities      15
Deferred tax liabilities, net  175195259
Deferred income tax liabilities90102
Liability, pension and other postretirement and postemployment benefits111087  15
Other liabilities132118112207169171114
Self insurance reserve  1616  10
Other undisclosed noncurrent liabilities2641,4939391  (40)
Total noncurrent liabilities:1,8201,9281,8292,0022,1621,6401,909
Total liabilities:2,7952,7012,4982,5792,7072,3532,447
Temporary equity, carrying amount9  281213
Stockholders' equity
Stockholders' equity attributable to parent504360215113(15)290203
Common stock3111111
Treasury stock, value(2,097)(1,833)(1,737)(1,737)(1,700)(1,174)(1,191)
Additional paid in capital618576532508493463412
Accumulated other comprehensive loss(66)(88)(95)(76)(121)(110)(56)
Retained earnings2,0461,7031,5141,4161,3121,1101,037
Stockholders' equity attributable to noncontrolling interest113 3  
Total stockholders' equity:505360218113(12)290203
TOTAL LIABILITIES AND EQUITY:3,3093,0622,7152,6942,7032,6562,663

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues3,6773,1062,7032,7543,1273,1512,990
Revenue, net   2,990
Cost of revenue(2,039)(1,764)(1,582)(1,614)(1,818)(1,902)(1,839)
Cost of goods and services sold      (1,839)
Gross profit:1,6381,3421,1211,1411,3091,2491,150
Operating expenses(740)(666)(588)(601)(649)(648)(1,003)
Other undisclosed operating income (loss)(366)(329)(277)(251)(245)(292)129
Operating income:532347256288416309276
Nonoperating expense(80)(81)(91)(100)(132)(109)(101)
Investment income, nonoperating      (23)
Interest and debt expense(5)(86)(92)(108)(47)(96)(92)
Other undisclosed income from continuing operations before equity method investments, income taxes58692108479692
Income from continuing operations before income taxes:452266165188283200175
Income tax expense(103)(75)(50)(48)(87)(125)(65)
Income from continuing operations:35019111514119775110
Loss from discontinued operations (1)     
Income before gain (loss) on sale of properties:35018911514119775110
Other undisclosed net loss  (18)    
Net income:3501899814119775110
Net income (loss) attributable to noncontrolling interest(1)0311 (1)(1)
Other undisclosed net income attributable to parent    6  
Net income available to common stockholders, diluted:34919010115120274109

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:3501899814119775110
Other comprehensive income (loss)228(20)28(11)(54)(42)
Comprehensive income:372197781691852068
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1)03116(1)(1)
Comprehensive income, net of tax, attributable to parent:371197811791911967

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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