Tupperware Brands Corporation (TUP) financial statements (2021 and earlier)
Company profile
| Business Address |
14901 S ORANGE BLOSSOM TRAIL ORLANDO, FL 32837-6600 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| SIC | 3089 - Plastics Products, Not Elsewhere Classified (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 123 | 149 | 144 | 93 | 80 | 77 | 127 | ||
| Cash and cash equivalents | 123 | 149 | 144 | 93 | 80 | 77 | 127 | ||
| Receivables | 150 | 195 | 203 | 190 | 188 | 230 | 169 | ||
| Inventory, net of allowances, customer advances and progress billings | 245 | 258 | 262 | 240 | 255 | 306 | 313 | ||
| Inventory | 245 | 258 | 262 | 240 | 255 | 306 | 313 | ||
| Other undisclosed current assets | 20 | 19 | 21 | 22 | 28 | 141 | 170 | ||
| Total current assets: | 539 | 621 | 631 | 545 | 551 | 754 | 779 | ||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset | 8 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Operating lease, right-of-use asset | 84 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 268 | 276 | 278 | 260 | 254 | 290 | 301 | ||
| Long-term investments and receivables | 15 | 19 | 19 | 13 | 13 | 17 | 23 | ||
| Accounts and financing receivable, after allowance for credit loss | 15 | 19 | 19 | 13 | 13 | 17 | 23 | ||
| Intangible assets, net (including goodwill) | 84 | 129 | 141 | 200 | 229 | 270 | 310 | ||
| Goodwill | 60 | 76 | 79 | 133 | 146 | 165 | 182 | ||
| Intangible assets, net (excluding goodwill) | 25 | 53 | 63 | 67 | 83 | 106 | 129 | ||
| Deferred costs | 12 | ||||||||
| Other noncurrent assets | 87 | 48 | 41 | 30 | 27 | 35 | 33 | ||
| Other undisclosed noncurrent assets | 166 | 217 | 278 | 540 | 525 | 417 | 398 | ||
| Total noncurrent assets: | 724 | 688 | 758 | 1,043 | 1,048 | 1,030 | 1,065 | ||
| TOTAL ASSETS: | 1,262 | 1,309 | 1,388 | 1,588 | 1,598 | 1,783 | 1,844 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 416 | 474 | 526 | 442 | 452 | 713 | 635 | ||
| Accounts payable | 125 | 129 | 124 | 118 | 127 | 143 | 150 | ||
| Accrued liabilities | 290 | 344 | 401 | 324 | 325 | 383 | 352 | ||
| Employee-related liabilities | 84 | 91 | |||||||
| Taxes payable | 70 | 42 | |||||||
| Interest and dividends payable | 34 | ||||||||
| Debt | 273 | 286 | 133 | 106 | 163 | 221 | 235 | ||
| Derivative instruments and hedges, liabilities | 30 | 19 | |||||||
| Other undisclosed current liabilities | (217) | (152) | |||||||
| Total current liabilities: | 689 | 759 | 659 | 548 | 614 | 747 | 738 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 602 | 603 | 605 | 606 | 608 | 615 | 620 | ||
| Finance lease, liability | 2 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Capital lease obligations | ✕ | 4 | 6 | 7 | 9 | 12 | 15 | ||
| Operating lease, liability | 56 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other undisclosed long-term debt and lease obligation | 544 | 600 | 600 | 599 | 599 | 603 | 605 | ||
| Liabilities, other than long-term debt | 192 | 182 | 244 | 221 | 215 | 469 | 436 | ||
| Pension and other postretirement defined benefit plans, liabilities | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 155 | ||
| Accounts payable and accrued liabilities | 48 | ||||||||
| Accrued income taxes | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 18 | ||
| Deferred tax liabilities, net | ✕ | 22 | 30 | ||||||
| Liability, pension and other postretirement and postemployment benefits | 165 | ✕ | |||||||
| Other liabilities | 192 | 182 | 244 | 221 | 215 | 235 | 234 | ||
| Total noncurrent liabilities: | 795 | 785 | 849 | 827 | 823 | 1,085 | 1,056 | ||
| Total liabilities: | 1,483 | 1,544 | 1,507 | 1,375 | 1,437 | 1,832 | 1,793 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | (277) | (235) | (119) | 213 | 161 | 186 | 253 | ||
| Common stock | 1 | 1 | 1 | 1 | 1 | 1 | 1 | ||
| Treasury stock, value | (922) | (940) | (852) | (880) | (894) | (945) | (898) | ||
| Additional paid in capital | 215 | 219 | 218 | 209 | 206 | 191 | 178 | ||
| Accumulated other comprehensive loss | (638) | (602) | (529) | (572) | (522) | (409) | (317) | ||
| Retained earnings | 1,067 | 1,087 | 1,043 | 1,455 | 1,371 | 1,348 | 1,289 | ||
| Total stockholders' equity: | (277) | (235) | (119) | 213 | 161 | 186 | 253 | ||
| Other undisclosed liabilities and equity | 56 | (235) | (202) | ||||||
| TOTAL LIABILITIES AND EQUITY: | 1,262 | 1,309 | 1,388 | 1,588 | 1,598 | 1,783 | 1,844 | ||
Income statement (P&L) ($ in millions)
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,798 | 2,070 | 2,256 | 2,213 | 2,284 | 2,609 | 2,672 | |
| Revenue, net | ✕ | ✕ | 2,256 | 2,213 | 2,284 | 2,606 | 2,672 | |
| Cost of revenue | (611) | (692) | (745) | (715) | (744) | (1,061) | (1,060) | |
| Cost of goods and services sold | (611) | (692) | (745) | (715) | (744) | (1,058) | (1,060) | |
| Other undisclosed gross profit | 175 | 169 | ||||||
| Gross profit: | 1,187 | 1,378 | 1,511 | 1,498 | 1,539 | 1,722 | 1,782 | |
| Operating expenses | (1,021) | (1,058) | (1,219) | (1,151) | (1,224) | (1,399) | (1,416) | |
| Other undisclosed operating income (loss) | (40) | (63) | 45 | 37 | ||||
| Operating income: | 126 | 320 | 229 | 347 | 315 | 368 | 404 | |
| Nonoperating income (expense) | 19 | 3 | 2 | 3 | (8) | (52) | (3) | |
| Investment income, nonoperating | 2 | 3 | 3 | 3 | 2 | 3 | 3 | |
| Foreign currency transaction loss, before tax | (29) | |||||||
| Other nonoperating income (expense) | 17 | 0 | (1) | (0) | (10) | (26) | (6) | |
| Interest and debt expense | (42) | (47) | (46) | (49) | (48) | (47) | (40) | |
| Income from continuing operations before equity method investments, income taxes: | 103 | 276 | 185 | 301 | 260 | 269 | 360 | |
| Other undisclosed income from continuing operations before income taxes | 29 | |||||||
| Income from continuing operations before income taxes: | 103 | 276 | 185 | 301 | 260 | 298 | 360 | |
| Income tax expense | (91) | (120) | (451) | (78) | (74) | (84) | (86) | |
| Net income (loss) available to common stockholders, diluted: | 12 | 156 | (265) | 224 | 186 | 214 | 274 | |
Comprehensive Income ($ in millions)
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 12 | 156 | (265) | 224 | 186 | 214 | 274 | |
| Other comprehensive income (loss) | (31) | (49) | 42 | (50) | (113) | (92) | (46) | |
| Comprehensive income (loss), net of tax, attributable to parent: | (19) | 107 | (223) | 174 | 73 | 123 | 229 | |
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.