Toro Company (The) (TTC) financial statements (2021 and earlier)
Company profile
Business Address |
8111 LYNDALE AVE SOUTH BLOOMINGTON, MN 55420-1196 |
State of Incorp. | DE |
Fiscal Year End | October 31 |
SIC | 3524 - Lawn and Garden Tractors and Home Lawn and Garden Equipment (benchmarking) |
More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
1/31/2020 TTM | 10/31/2019 | 10/31/2018 | 10/31/2017 | 10/31/2016 | 10/31/2015 | 10/31/2014 | |||
---|---|---|---|---|---|---|---|---|---|
ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 289 | 310 | 274 | 126 | 315 | ||||
Cash and cash equivalents | 289 | 310 | 274 | 126 | 315 | ||||
Restricted cash and investments | 61 | 56 | |||||||
Receivables | 321 | 269 | 193 | 183 | 163 | 177 | 158 | ||
Inventory, net of allowances, customer advances and progress billings | 739 | 652 | 358 | 329 | 307 | 335 | 275 | ||
Inventory | 739 | 652 | 358 | 329 | 307 | 335 | 275 | ||
Deferred tax assets | ✕ | ✕ | 38 | 43 | |||||
Other undisclosed current assets | 160 | 202 | 54 | 38 | 35 | (26) | (23) | ||
Total current assets: | 1,221 | 1,123 | 895 | 860 | 779 | 711 | 824 | ||
Noncurrent Assets | |||||||||
Property, plant and equipment | 431 | 437 | 271 | 235 | 222 | 225 | 205 | ||
Long-term investments and receivables | 25 | ||||||||
Long-term investments | 25 | ||||||||
Intangible assets, net (including goodwill) | 710 | 715 | 331 | 309 | 303 | 315 | 116 | ||
Goodwill | 362 | 362 | 225 | 205 | 195 | 196 | 92 | ||
Intangible assets, net (excluding goodwill) | 348 | 352 | 106 | 104 | 108 | 119 | 24 | ||
Other noncurrent assets | 25 | 49 | 36 | 26 | 26 | 25 | 21 | ||
Deferred tax assets, net | ✕ | ✕ | 64 | 57 | 29 | 26 | |||
Other undisclosed noncurrent assets | 79 | 6 | 38 | ||||||
Total noncurrent assets: | 1,271 | 1,208 | 676 | 634 | 609 | 593 | 368 | ||
TOTAL ASSETS: | 2,492 | 2,331 | 1,571 | 1,494 | 1,388 | 1,304 | 1,192 | ||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities | 696 | 677 | 525 | 488 | 441 | 420 | 373 | ||
Accounts payable | 348 | 319 | 257 | 212 | 175 | 152 | 124 | ||
Accrued liabilities | 348 | 271 | 218 | 218 | 215 | 208 | 184 | ||
Employee-related liabilities | 77 | 51 | 59 | 52 | 56 | 60 | |||
Taxes payable | 4 | 5 | |||||||
Interest and dividends payable | 10 | ||||||||
Debt | 114 | 80 | 26 | 22 | 23 | 27 | |||
Other undisclosed current liabilities | 14 | 7 | 8 | ||||||
Total current liabilities: | 824 | 757 | 533 | 522 | 464 | 444 | 400 | ||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation | 601 | 621 | 313 | 306 | 331 | 355 | 347 | ||
Long-term debt, excluding current maturities | 601 | 621 | 313 | 306 | 331 | 355 | 347 | ||
Liabilities, other than long-term debt | 42 | 43 | 31 | 49 | 42 | 32 | 25 | ||
Deferred revenue and credits | ✕ | ✕ | ✕ | 25 | 12 | ||||
Deferred tax liabilities, net | ✕ | ✕ | 2 | 0 | |||||
Other liabilities | 42 | 43 | 31 | 23 | 30 | 32 | 25 | ||
Total noncurrent liabilities: | 643 | 663 | 343 | 355 | 374 | 386 | 372 | ||
Total liabilities: | 1,467 | 1,420 | 876 | 877 | 837 | 830 | 773 | ||
Stockholders' equity | |||||||||
Stockholders' equity attributable to parent, including: | 912 | 860 | 669 | 617 | 550 | 462 | 409 | ||
Common stock | 107 | 107 | 106 | 107 | 108 | 55 | 56 | ||
Treasury stock, value | (1,374) | (1,448) | (1,370) | (1,280) | (1,244) | (1,164) | |||
Accumulated other comprehensive loss | (32) | (32) | (24) | (24) | (38) | (30) | (16) | ||
Retained earnings | 837 | 785 | 587 | 534 | 480 | 437 | 369 | ||
Other undisclosed stockholders' equity attributable to parent | 1,374 | 1,448 | 1,370 | 1,280 | 1,244 | 1,164 | |||
Total stockholders' equity: | 912 | 860 | 669 | 617 | 550 | 462 | 409 | ||
Other undisclosed liabilities and equity | 113 | 51 | 26 | 11 | 11 | ||||
TOTAL LIABILITIES AND EQUITY: | 2,492 | 2,331 | 1,571 | 1,494 | 1,388 | 1,304 | 1,192 |
Income statement (P&L) ($ in millions)
1/31/2020 TTM | 10/31/2019 | 10/31/2018 | 10/31/2017 | 10/31/2016 | 10/31/2015 | 10/31/2014 | ||
---|---|---|---|---|---|---|---|---|
Revenues | 3,303 | 3,138 | 2,619 | 2,505 | 2,392 | 2,391 | 2,173 | |
Revenue, net | ✕ | ✕ | ✕ | 2,505 | 2,392 | 2,391 | 2,173 | |
Cost of revenue (Cost of Goods and Services Sold) | (2,182) | (2,090) | (1,678) | (1,584) | (1,518) | (1,555) | (1,399) | |
Gross profit: | 1,120 | 1,048 | 941 | 921 | 875 | 836 | 773 | |
Operating expenses | (774) | (723) | (568) | (566) | (540) | (550) | (516) | |
Other undisclosed operating income | 13 | 6 | ||||||
Operating income: | 346 | 325 | 373 | 355 | 334 | 299 | 263 | |
Nonoperating income | 24 | 26 | 18 | 17 | 15 | 20 | 13 | |
Investment income, nonoperating | (0) | 10 | 5 | |||||
Other nonoperating income | 24 | 26 | 18 | 17 | 15 | 11 | 9 | |
Interest and debt expense | (32) | (29) | (19) | (19) | (19) | (19) | (15) | |
Other undisclosed loss from continuing operations before equity method investments, income taxes | (9) | (4) | ||||||
Income from continuing operations before equity method investments, income taxes: | 338 | 322 | 372 | 353 | 330 | 291 | 256 | |
Income from equity method investments | 12 | 12 | 11 | 10 | 10 | 8 | 7 | |
Other undisclosed loss from continuing operations before income taxes | (12) | (12) | (11) | (10) | (9) | (8) | (7) | |
Income from continuing operations before income taxes: | 338 | 322 | 372 | 353 | 330 | 291 | 256 | |
Income tax expense | (54) | (48) | (100) | (85) | (99) | (89) | (83) | |
Net income available to common stockholders, diluted: | 285 | 274 | 272 | 268 | 231 | 202 | 174 |
Comprehensive Income ($ in millions)
1/31/2020 TTM | 10/31/2019 | 10/31/2018 | 10/31/2017 | 10/31/2016 | 10/31/2015 | 10/31/2014 | ||
---|---|---|---|---|---|---|---|---|
Net income: | 285 | 274 | 272 | 268 | 231 | 202 | 174 | |
Other comprehensive income (loss) | (3) | 3 | ||||||
Comprehensive income: | 285 | 274 | 269 | 268 | 231 | 202 | 177 | |
Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (8) | (8) | 3 | 14 | (9) | (14) | (6) | |
Comprehensive income, net of tax, attributable to parent: | 277 | 266 | 272 | 282 | 222 | 187 | 171 |
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.