TAPESTRY INC
For the period ended Dec 30, 2023. Filed Feb 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 30, 2023 · Filed Feb 8, 2024
TPR$135.62-0.3%Stored close · as of Nov 10, 2026
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Item 1. Condensed Consolidated Balance Sheets
CONDENSED CONSOLIDATED BALANCE SHEETS
| December 30,2023 | July 1,2023 | |
|---|---|---|
| (millions) | ||
| (unaudited) | ||
| ASSETS | ||
| Current Assets: | ||
| Cash and cash equivalents | $6,833.1 | $726.1 |
| Short-term investments | 629.2 | 15.4 |
| Trade accounts receivable, less allowances for credit losses of $5.9 and $5.8, respectively | 245.6 | 211.5 |
| Inventories | 824.9 | 919.5 |
| Income tax receivable | 241.6 | 231.1 |
| Prepaid expenses | 140.9 | 126.3 |
| Other current assets | 127.2 | 133.6 |
| Total current assets | 9,042.5 | 2,363.5 |
| Property and equipment, net | 539.2 | 564.5 |
| Operating lease right-of-use assets | 1,371.0 | 1,378.7 |
| Goodwill | 1,233.2 | 1,227.5 |
| Intangible assets | 1,356.9 | 1,360.1 |
| Deferred income taxes | 40.3 | 40.4 |
| Other assets | 232.3 | 182.1 |
| Total assets | $13,815.4 | $7,116.8 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Current Liabilities: | ||
| Accounts payable | $462.9 | $416.9 |
| Accrued liabilities | 654.1 | 547.1 |
| Current portion of operating lease liabilities | 305.6 | 297.5 |
| Current debt | 25.0 | 25.0 |
| Total current liabilities | 1,447.6 | 1,286.5 |
| Long-term debt | 7,714.4 | 1,635.8 |
| Long-term operating lease liabilities | 1,294.7 | 1,333.7 |
| Deferred income taxes | 307.6 | 240.0 |
| Long-term income taxes payable | 21.7 | 43.5 |
| Other liabilities | 369.6 | 299.5 |
| Total liabilities | 11,155.6 | 4,839.0 |
| See Note 14 on commitments and contingencies | ||
| Stockholders' Equity: | ||
| Preferred stock: (authorized 25.0 million shares; $0.01 par value per share) none issued | — | — |
| Common stock: (authorized 1.0 billion shares; $0.01 par value per share) issued and outstanding - 229.4 million and 227.4 million shares, respectively | 2.3 | 2.3 |
| Additional paid-in-capital | 3,695.8 | 3,682.2 |
| Retained earnings (accumulated deficit) | (859.9) | (1,216.8) |
| Accumulated other comprehensive income (loss) | (178.4) | (189.9) |
| Total stockholders' equity | 2,659.8 | 2,277.8 |
| Total liabilities and stockholders' equity | $13,815.4 | $7,116.8 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.