TAPESTRY, INC.
For the period ended Jun 28, 2025. Filed Aug 14, 2025.
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FY2025 · Filed Aug 14, 2025
TPR$136.07+2.5%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
| June 28,2025 | June 29,2024 | |
|---|---|---|
| (millions) | ||
| ASSETS | ||
| Current Assets: | ||
| Cash and cash equivalents | $1,100.0 | $6,142.0 |
| Short-term investments | 19.6 | 1,061.8 |
| Trade accounts receivable, less allowances for credit losses of $5.7 and $6.9, respectively | 239.3 | 228.2 |
| Inventories | 860.7 | 824.8 |
| Income tax receivable | 277.3 | 236.2 |
| Prepaid expenses | 133.8 | 170.9 |
| Other current assets | 98.5 | 139.8 |
| Assets held for sale | 176.4 | — |
| Total current assets | 2,905.6 | 8,803.7 |
| Property and equipment, net of accumulated depreciation of $1,215.0 and $1,263.3, respectively | 489.5 | 514.7 |
| Operating lease right-of-use assets | 1,331.0 | 1,314.4 |
| Goodwill | 983.3 | 1,204.1 |
| Intangible assets | 719.6 | 1,353.6 |
| Deferred income taxes | 33.8 | 44.1 |
| Other assets | 117.7 | 161.7 |
| Total assets | $6,580.5 | $13,396.3 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current Liabilities: | ||
| Accounts payable | $456.1 | $452.2 |
| Accrued liabilities | 736.9 | 656.3 |
| Current portion of operating lease liabilities | 299.0 | 299.7 |
| Current debt | 16.7 | 303.4 |
| Liabilities held for sale | 48.2 | — |
| Total current liabilities | 1,556.9 | 1,711.6 |
| Long-term debt | 2,377.9 | 6,937.2 |
| Long-term operating lease liabilities | 1,205.6 | 1,224.2 |
| Deferred income taxes | 79.8 | 251.3 |
| Other liabilities | 502.5 | 375.1 |
| Total liabilities | 5,722.7 | 10,499.4 |
| See Note 13 on commitments and contingencies | ||
| Stockholders’ Equity: | ||
| Preferred stock: (authorized 25.0 million shares; $0.01 par value) none issued | — | — |
| Common stock: (authorized 1.00 billion shares; $0.01 par value) issued and outstanding – 208.1 million and 230.2 million shares, respectively | 2.1 | 2.3 |
| Additional paid-in-capital | 3,673.7 | 3,762.7 |
| Retained earnings (accumulated deficit) | (2,556.8) | (722.2) |
| Accumulated other comprehensive income (loss) | (261.2) | (145.9) |
| Total stockholders’ equity | 857.8 | 2,896.9 |
| Total liabilities and stockholders’ equity | $6,580.5 | $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.