TORO CO
For the period ended Oct 31, 2024. Filed Dec 18, 2024.
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FY2024 · Filed Dec 18, 2024
TTC$107.91+2.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
(Dollars in millions, except per share data)
| October 31 | 2024 | 2023 |
|---|---|---|
| ASSETS | ||
| Cash and cash equivalents | $199.5 | $193.1 |
| Receivables, net: | ||
| Customers, net of allowances (2024 - $4.3; 2023 - $3.0) | 410.9 | 349.5 |
| Receivables from finance affiliate | 26.0 | 34.4 |
| Other | 22.8 | 23.5 |
| Total receivables, net | 459.7 | 407.4 |
| Inventories, net | 1,038.9 | 1,087.8 |
| Prepaid expenses and other current assets | 66.8 | 110.5 |
| Total current assets | 1,764.9 | 1,798.8 |
| Property, plant and equipment, net | 644.8 | 641.7 |
| Goodwill | 450.3 | 450.8 |
| Other intangible assets, net | 498.7 | 540.1 |
| Right-of-use assets | 114.5 | 125.3 |
| Investment in finance affiliate | 49.2 | 50.6 |
| Deferred income taxes | 45.0 | 14.2 |
| Other assets | 15.4 | 22.8 |
| Total assets | $3,582.8 | $3,644.3 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Current portion of long-term debt | $10.0 | $— |
| Accounts payable | 452.7 | 430.0 |
| Short-term lease liabilities | 20.3 | 19.5 |
| Accrued liabilities: | ||
| Warranty | 150.2 | 143.9 |
| Advertising and sales promotions and incentives programs | 180.4 | 163.0 |
| Compensation and benefit costs | 58.6 | 98.7 |
| Insurance | 16.0 | 16.2 |
| Interest | 11.4 | 11.6 |
| Other | 76.4 | 65.7 |
| Total accrued liabilities | 493.0 | 499.1 |
| Total current liabilities | 976.0 | 948.6 |
| Long-term debt | 911.8 | 1,031.5 |
| Long-term lease liabilities | 99.1 | 112.1 |
| Deferred income taxes | 0.5 | 0.4 |
| Other long-term liabilities | 43.5 | 40.8 |
| Stockholders' equity: | ||
| Preferred stock, par value $1.00 per share, authorized 1,000,000 voting and 850,000 non-voting shares, none issued and outstanding | — | — |
| Common stock, par value $1.00 per share, authorized 175,000,000 shares; issued and outstanding 101,472,125 shares as of October 31, 2024 and 103,843,485 shares as of October 31, 2023 | 101.5 | 103.8 |
| Retained earnings | 1,496.4 | 1,444.1 |
| Accumulated other comprehensive loss | (46.0) | (37.0) |
| Total stockholders' equity | 1,551.9 | 1,510.9 |
| Total liabilities and stockholders' equity | $3,582.8 | $3,644.3 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.