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)

1/31/2021
TTM
10/31/2020
10/31/2019
10/31/2018
10/31/2017
10/31/2016
10/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments   289310274126
Cash and cash equivalents   289310274126
Restricted cash and investments      61
Receivables307261269193183163177
Inventory, net of allowances, customer advances and progress billings675652652358329307335
Inventory675652652358329307335
Deferred tax assets   38
Other undisclosed current assets475514202543835(26)
Total current assets:1,4571,4281,123895860779711
Noncurrent Assets
Operating lease, right-of-use asset7579 
Property, plant and equipment457468437271235222225
Long-term investments and receivables2320     
Long-term investments2320     
Intangible assets, net (including goodwill)833832715331309303315
Goodwill422424362225205195196
Intangible assets, net (excluding goodwill)411408352106104108119
Deferred income tax assets106 
Other noncurrent assets20204936262625
Deferred tax assets, net 645729
Other undisclosed noncurrent assets  638   
Total noncurrent assets:1,4181,4261,208676634609593
TOTAL ASSETS:2,8752,8532,3311,5711,4941,3881,304
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities794740677525488441420
Accounts payable364364319257212175152
Accrued liabilities430308271218218215208
Employee-related liabilities 597751595256
Taxes payable      4
Interest and dividends payable 1010    
Debt1010080 262223
Other undisclosed current liabilities1515 78  
Total current liabilities:820856757533522464444
Noncurrent Liabilities
Long-term debt and lease obligation755758621313306331355
Long-term debt, excluding current maturities691691621313306331355
Operating lease, liability6367 
Liabilities, other than long-term debt1211254331494232
Deferred revenue and credits2512 
Deferred tax liabilities, net 2 0
Deferred income tax liabilities7270 
Other liabilities49544331233032
Total noncurrent liabilities:876883663343355374386
Total liabilities:1,6951,7381,420876877837830
Stockholders' equity
Stockholders' equity attributable to parent, including:1,1801,115860669617550462
Common stock10810810710610710855
Treasury stock, value (1,323)(1,374)(1,448)(1,370)(1,280)(1,244)
Accumulated other comprehensive loss(32)(34)(32)(24)(24)(38)(30)
Retained earnings1,1041,042785587534480437
Other undisclosed stockholders' equity attributable to parent 1,3231,3741,4481,3701,2801,244
Total stockholders' equity:1,1801,115860669617550462
Other undisclosed liabilities and equity  5126  11
TOTAL LIABILITIES AND EQUITY:2,8752,8532,3311,5711,4941,3881,304

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

1/31/2021
TTM
10/31/2020
10/31/2019
10/31/2018
10/31/2017
10/31/2016
10/31/2015
Revenues3,4843,3793,1382,6192,5052,3922,391
Revenue, net2,5052,3922,391
Cost of revenue
(Cost of Goods and Services Sold)
(2,268)(2,189)(2,090)(1,678)(1,584)(1,518)(1,555)
Gross profit:1,2171,1901,048941921875836
Operating expenses(740)(763)(723)(568)(566)(540)(550)
Other undisclosed operating income      13
Operating income:477426325373355334299
Nonoperating income13142618171520
Investment income, nonoperating     (0)10
Other nonoperating income13142618171511
Interest and debt expense(33)(33)(29)(19)(19)(19)(19)
Other undisclosed loss from continuing operations before equity method investments, income taxes      (9)
Income from continuing operations before equity method investments, income taxes:457407322372353330291
Income from equity method investments88121110108
Other undisclosed loss from continuing operations before income taxes(8)(8)(12)(11)(10)(9)(8)
Income from continuing operations before income taxes:457407322372353330291
Income tax expense(86)(77)(48)(100)(85)(99)(89)
Net income available to common stockholders, diluted:371330274272268231202

Comprehensive Income ($ in millions)

1/31/2021
TTM
10/31/2020
10/31/2019
10/31/2018
10/31/2017
10/31/2016
10/31/2015
Net income:371330274272268231202
Other comprehensive loss   (3)   
Comprehensive income:371330274269268231202
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(0)(2)(8)314(9)(14)
Comprehensive income, net of tax, attributable to parent:371327266272282222187

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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