$MHK
MOHAWK INDUSTRIES INC

2021 Q4 Form 10-Q Financial Statement

#000085196821000080 Filed on October 29, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2020 Q3
Revenue $2.817B $2.575B
YoY Change 6.63% 2.21%
Cost Of Revenue $1.980B $1.869B
YoY Change 5.26% 2.25%
Gross Profit $837.3M $706.2M
YoY Change 10.04% 2.1%
Gross Profit Margin 29.72% 27.43%
Selling, General & Admin $477.3M $443.5M
YoY Change 5.58% -1.78%
% of Gross Profit 57.01% 62.79%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $148.6M $151.4M
YoY Change -5.04% 4.49%
% of Gross Profit 17.75% 21.44%
Operating Expenses $477.3M $443.5M
YoY Change 5.58% -1.78%
Operating Profit $360.0M $262.7M
YoY Change 16.57% 9.38%
Interest Expense $14.95M $14.85M
YoY Change -220.55% 59.45%
% of Operating Profit 4.15% 5.65%
Other Income/Expense, Net -$21.00K $726.0K
YoY Change -100.66% -101.38%
Pretax Income $345.0M $248.6M
YoY Change 26.1% 39.52%
Income Tax $73.82M $43.16M
% Of Pretax Income 21.4% 17.36%
Net Earnings $271.0M $205.1M
YoY Change 9.18% 31.89%
Net Earnings / Revenue 9.62% 7.97%
Basic Earnings Per Share $3.95 $2.88
Diluted Earnings Per Share $3.93 $2.87
COMMON SHARES
Basic Shares Outstanding 68.54M shares 71.20M shares
Diluted Shares Outstanding 68.86M shares 71.38M shares

Balance Sheet

Concept 2021 Q4 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.128B $1.189B
YoY Change -15.82% 971.17%
Cash & Equivalents $268.9M $781.2M
Short-Term Investments $0.00 $408.0M
Other Short-Term Assets $20.16M $35.16M
YoY Change -35.69% -46.55%
Inventory $2.392B $1.842B
Prepaid Expenses $394.6M $374.9M
Receivables $1.743B $1.615B
Other Receivables $137.9M $96.00M
Total Short-Term Assets $5.238B $5.152B
YoY Change -2.34% 8.97%
LONG-TERM ASSETS
Property, Plant & Equipment $4.637B $4.405B
YoY Change 0.99% -4.25%
Goodwill $2.608B $2.575B
YoY Change -1.62% 2.2%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $451.4M $430.5M
YoY Change 0.93% 46.38%
Total Long-Term Assets $8.986B $8.632B
YoY Change 0.25% -0.38%
TOTAL ASSETS
Total Short-Term Assets $5.238B $5.152B
Total Long-Term Assets $8.986B $8.632B
Total Assets $14.22B $13.78B
YoY Change -0.72% 2.92%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.147B $990.0M
YoY Change 12.78% 2.7%
Accrued Expenses $1.059B $983.0M
YoY Change 15.44% 19.01%
Deferred Revenue $65.74M $36.56M
YoY Change 66.58% -6.94%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $624.5M $356.1M
YoY Change 65.54% -72.03%
Total Short-Term Liabilities $2.946B $2.387B
YoY Change 24.25% -23.36%
LONG-TERM LIABILITIES
Long-Term Debt $1.700B $2.283B
YoY Change -27.86% 53.87%
Other Long-Term Liabilities $356.8M $321.3M
YoY Change 8.09% -9.68%
Total Long-Term Liabilities $2.057B $2.604B
YoY Change -23.44% 41.58%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.946B $2.387B
Total Long-Term Liabilities $2.057B $2.604B
Total Liabilities $5.796B $5.617B
YoY Change 0.17% -0.18%
SHAREHOLDERS EQUITY
Retained Earnings $7.692B $7.431B
YoY Change 1.76% 6.29%
Common Stock $1.912B $1.881B
YoY Change 1.38% 0.81%
Preferred Stock
YoY Change
Treasury Stock (at cost) $215.5M $215.6M
YoY Change -0.05% -0.03%
Treasury Stock Shares 7.343M shares 7.346M shares
Shareholders Equity $8.421B $8.161B
YoY Change
Total Liabilities & Shareholders Equity $14.22B $13.78B
YoY Change -0.72% 2.92%

Cashflow Statement

Concept 2021 Q4 2020 Q3
OPERATING ACTIVITIES
Net Income $271.0M $205.1M
YoY Change 9.18% 31.89%
Depreciation, Depletion And Amortization $148.6M $151.4M
YoY Change -5.04% 4.49%
Cash From Operating Activities $498.7M $598.5M
YoY Change 22.3% 45.34%
INVESTING ACTIVITIES
Capital Expenditures -$147.7M -$69.10M
YoY Change -7.78% -44.5%
Acquisitions
YoY Change
Other Investing Activities $590.2M -$351.1M
YoY Change -460.11% -8877.5%
Cash From Investing Activities $442.5M -$420.2M
YoY Change -236.53% 248.42%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -559.2M -132.0M
YoY Change 369.09% -56.71%
NET CHANGE
Cash From Operating Activities 498.7M 598.5M
Cash From Investing Activities 442.5M -420.2M
Cash From Financing Activities -559.2M -132.0M
Net Change In Cash 382.1M 46.30M
YoY Change -1176.21% -437.96%
FREE CASH FLOW
Cash From Operating Activities $498.7M $598.5M
Capital Expenditures -$147.7M -$69.10M
Free Cash Flow $646.5M $667.6M
YoY Change 13.82% 24.48%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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MOHAWK INDUSTRIES, INC.
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DE
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ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
97580000 USD
CY2021Q4 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
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ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
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us-gaap Share Based Compensation
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us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
88000 USD
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
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CY2021Q4 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
179867000 USD
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ComprehensiveIncomeNetOfTax
236470000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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us-gaap Profit Loss
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7410000 USD
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448299000 USD
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us-gaap Gain Loss On Sale Of Property Plant Equipment
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210717000 USD
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330745000 USD
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23860000 USD
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398667000 USD
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77233000 USD
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us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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us-gaap Payments To Acquire Short Term Investments
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us-gaap Proceeds From Issuance Of Senior Long Term Debt
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us-gaap Proceeds From Lines Of Credit
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500000000 USD
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us-gaap Repayments Of Lines Of Credit
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us-gaap Payments Of Debt Issuance Costs
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us-gaap Derivatives Methods Of Accounting Hedging Derivatives
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Hedges of Net Investments in Non-U.S. OperationsThe Company has numerous investments outside the United States. The net assets of these subsidiaries are exposed to changes and volatility in currency exchange rates. The Company uses foreign currency denominated debt to hedge its non-U.S. net investments against adverse movements in exchange rates. The gains and losses on the Company’s net investments in its non-U.S. operations are economically offset by losses and gains on its foreign currency borrowings.
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us-gaap Contract With Customer Liability Revenue Recognized
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us-gaap Contract With Customer Liability Revenue Recognized
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22081000 USD
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22081000 USD
us-gaap Amortization Of Intangible Assets
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21183000 USD
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4724000 USD
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5672000 USD
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46346000 USD
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us-gaap Foreign Currency Transaction Gain Loss Before Tax
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us-gaap Foreign Currency Transaction Gain Loss Before Tax
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us-gaap Equity Method Investment Other Than Temporary Impairment
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0 USD
us-gaap Equity Method Investment Other Than Temporary Impairment
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3599000 USD
CY2021Q4 mhk Foreign Non Income Tax Contingency Resolution Income
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0 USD
CY2020Q3 mhk Foreign Non Income Tax Contingency Resolution Income
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0 USD
mhk Foreign Non Income Tax Contingency Resolution Income
ForeignNonIncomeTaxContingencyResolutionIncome
6211000 USD
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us-gaap Other Nonoperating Income Expense
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us-gaap Nonoperating Income Expense
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us-gaap Nonoperating Income Expense
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345005000 USD
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0.214
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43163000 USD
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248616000 USD
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us-gaap Income Tax Expense Benefit
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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310797000 USD
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7425000 USD
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99000 USD
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4883000 USD
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31283000 USD
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CY2020Q3 us-gaap Net Income Loss
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8167069000 USD
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-1473000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
19411000 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
473334000 USD
mhk Net Income Loss Attributableto Noncontrolling Interestand Redeemable Noncontrolling Interest
NetIncomeLossAttributabletoNoncontrollingInterestandRedeemableNoncontrollingInterest
-378000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
289000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-177788000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-316000 USD
us-gaap Net Income Loss
NetIncomeLoss
844070000 USD
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
8752449000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
8126448000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-2746000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
14559000 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
68641000 USD
mhk Net Income Loss Attributableto Noncontrolling Interestand Redeemable Noncontrolling Interest
NetIncomeLossAttributabletoNoncontrollingInterestandRedeemableNoncontrollingInterest
44000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
151000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-169763000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-164000 USD
us-gaap Net Income Loss
NetIncomeLoss
267374000 USD
CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
8167069000 USD
CY2021Q4 us-gaap Net Income Loss
NetIncomeLoss
270978000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
205117000 USD
us-gaap Net Income Loss
NetIncomeLoss
844070000 USD
us-gaap Net Income Loss
NetIncomeLoss
267374000 USD
CY2021Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
68541000 shares
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
71197000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
69389000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
71190000 shares
CY2021Q4 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
323000 shares
CY2020Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
181000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
294000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
172000 shares
CY2021Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
68864000 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
71378000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
69683000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
71362000 shares
CY2021Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.95
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.88
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
12.16
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.76
CY2021Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.93
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.87
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
12.11
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.75
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2021Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2817017000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2574870000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
8439876000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6910433000 USD
CY2021Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
359974000 USD
CY2020Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
262744000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
1081913000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
353268000 USD
CY2021Q4 us-gaap Assets
Assets
14450300000 USD
CY2020Q4 us-gaap Assets
Assets
14327751000 USD
us-gaap Interest Paid Net
InterestPaidNet
56023000 USD
us-gaap Interest Paid Net
InterestPaidNet
36223000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
239299000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
40602000 USD
mhk Noncash Increase Decrease From Property Plant And Equipment
NoncashIncreaseDecreaseFromPropertyPlantAndEquipment
65299000 USD
mhk Noncash Increase Decrease From Property Plant And Equipment
NoncashIncreaseDecreaseFromPropertyPlantAndEquipment
59754000 USD
us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
102405000 USD
us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
0 USD
us-gaap Liabilities Assumed1
LiabilitiesAssumed1
25218000 USD
us-gaap Liabilities Assumed1
LiabilitiesAssumed1
0 USD
mhk Noncash Investing And Financing Activities Total
NoncashInvestingAndFinancingActivitiesTotal
77187000 USD
mhk Noncash Investing And Financing Activities Total
NoncashInvestingAndFinancingActivitiesTotal
0 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
150553000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
67000000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
11525000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
10340000 USD

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