Cash flow Tapestry, Inc.

Equities

TPR

US8760301072

Apparel & Accessories Retailers

Real-time Estimate Cboe BZX Other stock markets 12:13:20 2025-02-13 pm EST			5-day change	1st Jan Change
85.99 ^USD	+1.01%		+4.31%	+31.24%

Feb. 12	JPMorgan Adjusts Tapestry Price Target to $104 From $88, Maintains Overweight Rating	MT
Feb. 11	Jerome's Jitters

7a371cc7eac4ab0d.D5pKLHX6Qt3xv5S0S-v7vW3bxW-Mrk6yVEG2sVYHUiQ.WeBybT6jcoeV9NvwDJ2Q1iKtjAXlnQHXE3DuhwBoAWtorz52LY47ipyN9w

Published financial data: TAPESTRY, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2020	2021	2022	2023	2024
Revenues	4.96B	5.75B	6.68B	6.66B	6.67B
Total Revenues	4.96B	5.75B	6.68B	6.66B	6.67B
Cost of Goods Sold, Total	1.6B	1.67B	2.03B	1.95B	1.78B
Gross Profit	3.36B	4.07B	4.65B	4.71B	4.89B
Selling General & Admin Expenses, Total	2.95B	2.98B	3.43B	3.54B	3.63B
Other Operating Expenses, Total	2.95B	2.98B	3.43B	3.54B	3.63B
Operating Income	410M	1.1B	1.22B	1.17B	1.26B
Interest Expense, Total	-72.1M	-74.1M	-69.3M	-73.1M	-370M
Interest And Investment Income	12M	2.7M	10.6M	45.5M	245M
Net Interest Expenses	-60.1M	-71.4M	-58.7M	-27.6M	-125M
Other Non Operating Income (Expenses)	-13.3M	700K	-16.4M	-1.7M	-3.2M
EBT, Excl. Unusual Items	336M	1.02B	1.14B	1.14B	1.13B
Restructuring Charges	-87M	-89.6M	-42.8M	-	-
Merger & Related Restructuring Charges	-	-	-	-	-110M
Impairment of Goodwill	-211M	-	-	-	-
Asset Writedown	-630M	-37.7M	-	-	-6.3M
Other Unusual Items	-33.4M	-	-53.7M	-	-
EBT, Incl. Unusual Items	-624M	897M	1.05B	1.14B	1.01B
Income Tax Expense	27.9M	63.1M	191M	207M	196M
Earnings From Continuing Operations	-652M	834M	856M	936M	816M
Net Income to Company	-652M	834M	856M	936M	816M
Net Income - (IS)	-652M	834M	856M	936M	816M
Net Income to Common Incl Extra Items	-652M	834M	856M	936M	816M
Net Income to Common Excl. Extra Items	-652M	834M	856M	936M	816M
Per Share Items
Net EPS - Basic	-2.34	3	3.24	3.96	3.56
Basic EPS - Continuing Operations	-2.34	3	3.24	3.96	3.56
Basic Weighted Average Shares Outstanding	279M	278M	264M	236M	229M
Net EPS - Diluted	-2.34	2.95	3.17	3.88	3.5
Diluted EPS - Continuing Operations	-2.34	2.95	3.17	3.88	3.5
Diluted Weighted Average Shares Outstanding	279M	283M	270M	241M	233M
Normalized Basic EPS	0.75	2.3	2.7	3.02	3.08
Normalized Diluted EPS	0.75	2.26	2.65	2.96	3.02
Dividend Per Share	1.01	-	1	1.2	1.4
Payout Ratio	-58.32	-	30.88	30.27	39.39
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	658M	1.31B	1.41B	1.35B	1.43B
EBITA	410M	1.1B	1.22B	1.17B	1.26B
EBIT	410M	1.1B	1.22B	1.17B	1.26B
EBITDAR	1.26B	1.78B	1.95B	1.9B	2B
Effective Tax Rate - (Ratio)	-4.47	7.03	18.21	18.12	19.36
Current Domestic Taxes	74.8M	-53.3M	115M	118M	89.9M
Current Foreign Taxes	68.8M	63.8M	46.6M	48M	104M
Total Current Taxes	144M	10.5M	161M	166M	193M
Deferred Domestic Taxes	-84.8M	62M	18.2M	37.6M	17.1M
Deferred Foreign Taxes	-30.9M	-9.4M	11.2M	3.6M	-14.6M
Total Deferred Taxes	-116M	52.6M	29.4M	41.2M	2.5M
Normalized Net Income	210M	640M	715M	714M	705M
Interest on Long-Term Debt	71.5M	600K	69.3M	300K	200K
Supplemental Operating Expense Items
Advertising Expense	238M	395M	552M	571M	617M
Selling and Marketing Expenses	366M	574M	782M	788M	838M
General and Administrative Expenses	-	-	-	-	-
Net Rental Expense, Total	603M	467M	539M	544M	568M
Imputed Operating Lease Interest Expense	114M	69.81M	89.08M	97.07M	279M
Imputed Operating Lease Depreciation	489M	397M	450M	447M	289M
Stock-Based Comp., SG&A Exp. (Total)	4M	10.8M	17.2M	-	-
Stock-Based Comp., Other (Total)	62.9M	64.1M	72.2M	78.8M	85.9M
Total Stock-Based Compensation	66.9M	74.9M	89.4M	78.8M	85.9M

Fiscal Period: June	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	1.43B	2.01B	790M	726M	6.14B
Short Term Investments	8.1M	8.1M	163M	15.4M	1.06B
Total Cash And Short Term Investments	1.43B	2.02B	953M	742M	7.2B
Accounts Receivable, Total	193M	200M	252M	212M	228M
Other Receivables	46M	255M	217M	231M	236M
Total Receivables	239M	455M	470M	443M	464M
Inventory	737M	735M	994M	920M	825M
Prepaid Expenses	57.5M	93.8M	105M	126M	171M
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	85M	76.1M	51.7M	134M	140M
Total Current Assets	2.55B	3.38B	2.57B	2.36B	8.8B
Gross Property Plant And Equipment	3.66B	3.32B	3.01B	3.18B	3.09B
Accumulated Depreciation	-1.13B	-1.14B	-1.19B	-1.24B	-1.26B
Net Property Plant And Equipment	2.53B	2.17B	1.83B	1.94B	1.83B
Long-term Investments	100K	-	100K	1.3M	1.3M
Goodwill	1.3B	1.3B	1.24B	1.23B	1.2B
Other Intangibles, Total	1.38B	1.37B	1.37B	1.36B	1.35B
Deferred Tax Assets Long-Term	55.9M	65.6M	47.9M	40.4M	44.1M
Other Long-Term Assets, Total	102M	96.1M	209M	181M	160M
Total Assets	7.92B	8.38B	7.27B	7.12B	13.4B
Liabilities
Accounts Payable, Total	131M	445M	521M	417M	452M
Accrued Expenses, Total	410M	608M	588M	504M	598M
Short-term Borrowings	700M	-	-	-	-
Current Portion of Long-Term Debt	11.5M	-	31.2M	25M	303M
Current Portion of Leases	389M	320M	290M	299M	301M
Current Income Taxes Payable	100M	52M	35.8M	41.8M	49.7M
Other Current Liabilities	-	-	3.2M	300K	7M
Total Current Liabilities	1.74B	1.43B	1.47B	1.29B	1.71B
Long-Term Debt	1.59B	1.59B	1.66B	1.64B	6.94B
Long-Term Leases	1.8B	1.53B	1.28B	1.33B	1.22B
Deferred Tax Liability Non Current	155M	204M	222M	240M	251M
Other Non Current Liabilities	358M	373M	345M	342M	375M
Total Liabilities	5.65B	5.12B	4.98B	4.84B	10.5B
Common Stock, Total	2.8M	2.8M	2.4M	2.3M	2.3M
Additional Paid In Capital	3.36B	3.49B	3.62B	3.68B	3.76B
Retained Earnings	-993M	-158M	-1.17B	-1.22B	-722M
Comprehensive Income and Other	-92.2M	-72M	-171M	-190M	-146M
Total Common Equity	2.28B	3.26B	2.29B	2.28B	2.9B
Total Equity	2.28B	3.26B	2.29B	2.28B	2.9B
Total Liabilities And Equity	7.92B	8.38B	7.27B	7.12B	13.4B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	276M	280M	241M	227M	230M
ECS Total Common Shares Outstanding	276M	280M	241M	227M	230M
Book Value / Share	8.24	11.66	9.48	10.02	12.58
Tangible Book Value	-404M	589M	-323M	-310M	339M
Tangible Book Value Per Share	-1.46	2.11	-1.34	-1.36	1.47
Total Debt	4.49B	3.44B	3.26B	3.29B	8.77B
Net Debt	3.06B	1.42B	2.31B	2.55B	1.56B
Debt Equivalent Oper. Leases	4.82B	3.74B	4.31B	4.36B	4.54B
Equity Method Investments, Total	-	-	-	-	-
Account Code - Inventory Valuation	6	6	6	6	6
Land - (BS)	21.8M	8M	8M	8M	8.1M
Machinery, Total	409M	368M	361M	374M	364M
Full Time Employees	12.4K	12.1K	12.6K	12.6K	12.5K
Part Time Employees	4.9K	4.3K	5.5K	5.9K	6.1K
Accumulated Allowance for Doubtful Accounts (Supple)	15.9M	4.2M	3.7M	5.8M	6.9M

Fiscal Period: June	2020	2021	2022	2023	2024
Net Income	-652M	834M	856M	936M	816M
Depreciation & Amortization - CF	248M	219M	195M	182M	168M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	6.5M
Depreciation & Amortization, Total	248M	219M	195M	182M	174M
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	55M
(Gain) Loss From Sale Of Asset	-	-13.2M	-	-	-
Asset Writedown & Restructuring Costs	838M	50.9M	14.8M	-	-
Stock-Based Compensation (CF)	53.1M	64.1M	72.2M	78.8M	85.9M
Tax Benefit from Stock Options	-	-	-	-	-
Provision and Write-off of Bad Debts	26M	2.8M	19.9M	5.7M	4.3M
Other Operating Activities, Total	-26.3M	-64.1M	61.5M	-10.6M	-47.5M
Change In Accounts Receivable	61.9M	-9.6M	-96M	44.1M	-37.3M
Change In Inventories	-58.6M	32.2M	-312M	49.9M	85.8M
Change In Accounts Payable	-91.7M	307M	86.4M	-98.1M	49.1M
Change in Other Net Operating Assets	8.1M	-99.6M	-45.5M	-213M	70.3M
Cash from Operations	407M	1.32B	853M	975M	1.26B
Capital Expenditure	-205M	-116M	-93.9M	-184M	-109M
Sale of Property, Plant, and Equipment	-	23.9M	-	-	-
Cash Acquisitions	-	-	-	-	-
Divestitures	-	-	-	-	-
Sale (Purchase) of Intangible assets	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	250M	1.1M	-160M	148M	-1.04B
Other Investing Activities, Total	-	-	-	41.9M	104M
Cash from Investing	44.3M	-91M	-254M	5.7M	-1.04B
Short Term Debt Issued, Total	700M	-	-	-	-
Long-Term Debt Issued, Total	-	-	998M	-	6.09B
Total Debt Issued	700M	-	998M	-	6.09B
Short Term Debt Repaid, Total	-	-700M	-	-	-
Long-Term Debt Repaid, Total	-800K	-12.3M	-900M	-31.2M	-469M
Total Debt Repaid	-800K	-712M	-900M	-31.2M	-469M
Issuance of Common Stock	4.3M	61.2M	74.7M	38.8M	27.3M
Repurchase of Common Stock	-315M	-7.5M	-1.63B	-759M	-32.7M
Common Dividends Paid	-380M	-	-264M	-283M	-321M
Common & Preferred Stock Dividends Paid	-380M	-	-264M	-283M	-321M
Other Financing Activities, Total	-2.4M	-7.4M	-56.3M	-1.1M	-79.5M
Cash from Financing	5.9M	-666M	-1.78B	-1.04B	5.21B
Foreign Exchange Rate Adjustments	-100K	14.7M	-39.4M	-8.7M	-12.2M
Net Change in Cash	457M	581M	-1.22B	-63.7M	5.42B
Supplemental Items
Cash Interest Paid	68.1M	69.7M	67.8M	82.6M	263M
Cash Income Tax Paid (Refund)	87.2M	252M	180M	232M	200M
Levered Free Cash Flow	250M	1.04B	690M	577M	927M
Unlevered Free Cash Flow	295M	1.09B	734M	623M	1.16B
Change In Net Working Capital	71.1M	-224M	219M	186M	-167M
Net Debt Issued / Repaid	699M	-712M	98.5M	-31.2M	5.62B

Fiscal Period: June	2020	2021	2022	2023	2024
Profitability
Return on Assets	3.46	8.4	9.73	10.19	7.66
Return on Total Capital	4.31	10.16	12.43	13.18	9.11
Return On Equity %	-22.53	30.14	30.89	41.02	31.54
Return on Common Equity	-22.53	30.14	30.89	41.02	31.54
Margin Analysis
Gross Profit Margin %	67.67	70.89	69.57	70.78	73.29
SG&A Margin	59.41	51.83	51.34	53.18	54.46
EBITDA Margin %	13.27	22.87	21.15	20.34	21.44
EBITA Margin %	8.26	19.06	18.23	17.6	18.93
EBIT Margin %	8.26	19.06	18.23	17.6	18.83
Income From Continuing Operations Margin %	-13.14	14.52	12.81	14.05	12.23
Net Income Margin %	-13.14	14.52	12.81	14.05	12.23
Net Avail. For Common Margin %	-13.14	14.52	12.81	14.05	12.23
Normalized Net Income Margin	4.24	11.14	10.69	10.73	10.57
Levered Free Cash Flow Margin	5.04	18.09	10.33	8.67	13.89
Unlevered Free Cash Flow Margin	5.94	18.9	10.98	9.36	17.36
Asset Turnover
Asset Turnover	0.67	0.7	0.85	0.93	0.65
Fixed Assets Turnover	2.86	2.44	3.34	3.53	3.54
Receivables Turnover (Average Receivables)	20.19	29.21	29.54	28.72	30.34
Inventory Turnover (Average Inventory)	2.12	2.27	2.35	2.03	2.04
Short Term Liquidity
Current Ratio	1.47	2.37	1.75	1.84	5.14
Quick Ratio	0.96	1.73	0.97	0.92	4.48
Operating Cash Flow to Current Liabilities	0.23	0.93	0.58	0.76	0.73
Days Sales Outstanding (Average Receivables)	18.03	12.7	12.32	12.67	12
Days Outstanding Inventory (Average Inventory)	171.91	163.23	154.7	178.98	178.18
Average Days Payable Outstanding	43.6	63.97	76.65	91.19	93.76
Cash Conversion Cycle (Average Days)	146.33	111.97	90.37	100.46	96.41
Long Term Solvency
Total Debt/Equity	197.35	105.56	142.85	144.63	302.59
Total Debt / Total Capital	66.37	51.35	58.82	59.12	75.16
LT Debt/Equity	149.01	95.73	128.81	130.42	281.73
Long-Term Debt / Total Capital	50.11	46.57	53.04	53.31	69.98
Total Liabilities / Total Assets	71.27	61.12	68.54	67.99	78.38
EBIT / Interest Expense	5.69	14.78	17.58	16.04	3.4
EBITDA / Interest Expense	17.49	24.04	28.18	25.98	5.4
(EBITDA - Capex) / Interest Expense	14.64	22.47	26.82	23.46	5.11
Total Debt / EBITDA	3.56	1.93	1.67	1.73	4.39
Net Debt / EBITDA