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  289310274126315
Cash and cash equivalents  289310274126315
Restricted cash and investments     6156
Receivables321269193183163177158
Inventory, net of allowances, customer advances and progress billings739652358329307335275
Inventory739652358329307335275
Deferred tax assets   3843
Other undisclosed current assets160202543835(26)(23)
Total current assets:1,2211,123895860779711824
Noncurrent Assets
Property, plant and equipment431437271235222225205
Long-term investments and receivables25      
Long-term investments25      
Intangible assets, net (including goodwill)710715331309303315116
Goodwill36236222520519519692
Intangible assets, net (excluding goodwill)34835210610410811924
Other noncurrent assets25493626262521
Deferred tax assets, net 64572926
Other undisclosed noncurrent assets79638    
Total noncurrent assets:1,2711,208676634609593368
TOTAL ASSETS:2,4922,3311,5711,4941,3881,3041,192
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities696677525488441420373
Accounts payable348319257212175152124
Accrued liabilities348271218218215208184
Employee-related liabilities 775159525660
Taxes payable     45
Interest and dividends payable 10     
Debt11480 26222327
Other undisclosed current liabilities14 78   
Total current liabilities:824757533522464444400
Noncurrent Liabilities
Long-term debt and lease obligation601621313306331355347
Long-term debt, excluding current maturities601621313306331355347
Liabilities, other than long-term debt42433149423225
Deferred revenue and credits2512  
Deferred tax liabilities, net 2 0 
Other liabilities42433123303225
Total noncurrent liabilities:643663343355374386372
Total liabilities:1,4671,420876877837830773
Stockholders' equity
Stockholders' equity attributable to parent, including:912860669617550462409
Common stock1071071061071085556
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 earnings837785587534480437369
Other undisclosed stockholders' equity attributable to parent 1,3741,4481,3701,2801,2441,164
Total stockholders' equity:912860669617550462409
Other undisclosed liabilities and equity1135126  1111
TOTAL LIABILITIES AND EQUITY:2,4922,3311,5711,4941,3881,3041,192

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
Revenues3,3033,1382,6192,5052,3922,3912,173
Revenue, net2,5052,3922,3912,173
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:1,1201,048941921875836773
Operating expenses(774)(723)(568)(566)(540)(550)(516)
Other undisclosed operating income     136
Operating income:346325373355334299263
Nonoperating income24261817152013
Investment income, nonoperating    (0)105
Other nonoperating income2426181715119
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:338322372353330291256
Income from equity method investments121211101087
Other undisclosed loss from continuing operations before income taxes(12)(12)(11)(10)(9)(8)(7)
Income from continuing operations before income taxes:338322372353330291256
Income tax expense(54)(48)(100)(85)(99)(89)(83)
Net income available to common stockholders, diluted:285274272268231202174

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:285274272268231202174
Other comprehensive income (loss)  (3)   3
Comprehensive income:285274269268231202177
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(8)(8)314(9)(14)(6)
Comprehensive income, net of tax, attributable to parent:277266272282222187171

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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