TAPESTRY INC
For the period ended Sep 28, 2024. Filed Nov 7, 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.
Sep 28, 2024 · Filed Nov 7, 2024
TPR$135.62-0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Condensed Consolidated Balance Sheets
CONDENSED CONSOLIDATED BALANCE SHEETS
| September 28,2024 | June 29,2024 | |
|---|---|---|
| (millions) | ||
| (unaudited) | ||
| ASSETS | ||
| Current Assets: | ||
| Cash and cash equivalents | $6,462.9 | $6,142.0 |
| Short-term investments | 842.3 | 1,061.8 |
| Trade accounts receivable, less allowances for credit losses of $7.1 and $6.9, respectively | 279.0 | 228.2 |
| Inventories | 1,030.8 | 824.8 |
| Income tax receivable | 262.8 | 236.2 |
| Prepaid expenses | 175.0 | 170.9 |
| Other current assets | 92.7 | 139.8 |
| Total current assets | 9,145.5 | 8,803.7 |
| Property and equipment, net of accumulated depreciation of $1,262.3 and $1,263.3, respectively | 513.0 | 514.7 |
| Operating lease right-of-use assets | 1,293.6 | 1,314.4 |
| Goodwill | 1,232.0 | 1,204.1 |
| Intangible assets | 1,352.0 | 1,353.6 |
| Deferred income taxes | 47.0 | 44.1 |
| Other assets | 145.8 | 161.7 |
| Total assets | $13,728.9 | $13,396.3 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Current Liabilities: | ||
| Accounts payable | $544.0 | $452.2 |
| Accrued liabilities | 708.6 | 656.3 |
| Current portion of operating lease liabilities | 297.8 | 299.7 |
| Current debt | 303.4 | 303.4 |
| Total current liabilities | 1,853.8 | 1,711.6 |
| Long-term debt | 7,008.3 | 6,937.2 |
| Long-term operating lease liabilities | 1,196.0 | 1,224.2 |
| Deferred income taxes | 247.0 | 251.3 |
| Other liabilities | 441.9 | 375.1 |
| Total liabilities | 10,747.0 | 10,499.4 |
| 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 - 233.0 million and 230.2 million shares, respectively | 2.3 | 2.3 |
| Additional paid-in-capital | 3,789.0 | 3,762.7 |
| Retained earnings (accumulated deficit) | (617.0) | (722.2) |
| Accumulated other comprehensive income (loss) | (192.4) | (145.9) |
| Total stockholders' equity | 2,981.9 | 2,896.9 |
| Total liabilities and stockholders' equity | $13,728.9 | $13,396.3 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.