MOHAWK INDUSTRIES INC

Listed Company

MHKCIK 0000851968NYSELarge AcceleratedCarpets & RugsDelawareFY ends Dec 31

Period

FY 2025

Revenue

$10.79B

Net Income

$369.90M

Total Assets

$13.69B

Equity

$8.37B

Shares Out

61.46M

Op. Cash Flow

$1.06B

Business

Mohawk Industries Inc is a global manufacturer that designs and markets flooring for residential and commercial customers. Its products include carpet, rugs, ceramic and porcelain tile, laminate, wood, stone, luxury vinyl tile, sheet vinyl, countertops and installation materials. The company reports three segments—Global Ceramic, Flooring North America and Flooring Rest of the World—covering design, manufacturing, sourcing and distribution. Distribution channels include home centers, floor retailers, company-owned and independent distributors, e-commerce, builders, contractors and direct commercial customers across North America, Europe, Asia, Australasia and South America.

Summary from filing dated 2025-02-20

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net sales	10,785	10,837	11,135	11,737	11,201
Cost of sales	8,211	8,150	8,430	8,794	7,932
Gross profit	2,575	2,687	2,706	2,943	3,269
Selling, general and administrative expenses	2,065	1,985	2,120	2,003	1,934
Impairment of goodwill and indefinite-lived intangibles	20	8	878	696	0
Operating income	490	694	−292	244	1,335
Interest expense	18	49	78	52	—
Other (income) and expense, net	3	2	−5	8	−12
Earnings before income taxes	469	643	−364	184	1,290
Income tax expense	99	128	85	158	256
Net earnings including noncontrolling interests	370	515	−449	26	1,034
Less: net earnings attributable to noncontrolling interests	0	100,000	100,000	600,000	389,000
Net earnings attributable to Mohawk Industries, Inc.	370	515	−449	25	1,033
Basic earnings per share attributable to Mohawk Industries, Inc. (in usd per share)	5.96	8.13	−7.05	0.4	15.01
Weighted-average common shares outstandingbasic (in shares)	62	63	64	64	69
Diluted earnings per share attributable to Mohawk Industries, Inc. (in usd per share)	5.93	8.09	−7.05	0.39	14.94
Weighted-average common shares outstandingdiluted (in shares)	62	64	64	64	69

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	856	667	643	510	269
Receivables, net	1,924	1,762	1,875	1,905	1,840
Inventories	2,662	2,514	2,552	2,794	2,392
Prepaid expenses	512	490	516	498	395
Other current assets	13	22	19	31	20
Total current assets	5,967	5,455	5,604	5,895	5,238
Property, plant and equipment, net	4,772	4,580	4,993	4,661	4,637
Right of use operating lease assets	409	374	429	388	390
Goodwill	1,210	1,112	1,160	1,928	2,608
Tradenames	696	658	706	668	695
Other intangible assets subject to amortization, net	117	134	170	190	205
Deferred income taxes and other non-current assets	516	424	499	391	451
Total assets	13,687	12,737	13,521	14,120	14,225
Short-term debt and current portion of long-term debt	289	559	1,002	841	625
Accounts payable and accrued expenses	2,310	2,004	2,035	2,124	2,217
Current operating lease liabilities	122	109	109	105	104
Total current liabilities	2,722	2,672	3,146	3,070	2,946
Deferred income taxes	185	255	392	445	496
Long-term debt, less current portion	1,741	1,677	1,702	1,979	1,700
Non-current operating lease liabilities	304	283	338	296	297
Other long-term liabilities	356	334	354	313	357
Total liabilities	5,309	5,222	5,931	6,103	5,796
Commitments and contingencies (Note 15)	—	—	—	—	—
Preferred stock, $.01 par value; 60,000 shares authorized; no shares issued	0	0	0	0	0
Common stock, $.01 par value; 150.0 shares authorized; 68.8 and 69.9 shares issued in 2025 and 2024, respectively	700,000	700,000	700,000	709,000	729,000
Additional paid-in capital	1,993	1,969	1,948	1,931	1,911
Retained earnings	7,503	7,283	6,970	7,410	7,692
Accumulated other comprehensive income (loss)	−908	−1,528	−1,080	−1,114	−967
Shareholder's equity before treasury stock	8,589	7,725	7,838	8,227	8,637
Less: treasury stock at cost; 7.3 and 7.3 shares in 2025 and 2024, respectively	215	215	215	215	216
Total Mohawk Industries, Inc. stockholders equity	8,373	7,509	7,623	8,012	8,421
Noncontrolling interests	5	6	6	6	7
Total stockholders equity	8,379	7,515	7,590	7,988	8,428
Total liabilities and stockholders' equity	13,687	12,737	13,560	14,120	14,225

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Restructuring, excluding accelerated depreciation	101	60	83	48	11
Depreciation and amortization	653	638	630	596	592
Deferred income taxes	−132	−58	−110	−51	−5
(Gain) and loss on disposal of property, plant and equipment	−14	14	−100,000	700,000	5
Stock-based compensation expense	30	28	21	22	26
Receivables, net	−17	−46	160	−84	−207
Inventories	−28	−79	281	−410	−519
Accounts payable and accrued expenses	72	44	−194	−94	361
Other assets and prepaid expenses	−22	57	−14	−50	−67
Other liabilities	25	−46	44	−30	79
Net cash provided by operating activities	1,056	1,134	1,329	669	1,309
Additions to property, plant and equipment	−440	−454	−613	−581	−676
Divestitures	5	0	0	—	—
Acquisitions, net of cash acquired	−7	0	−515	−210	−124
Purchases of short-term investments	0	0	−775	−2,481	−1,211
Redemption of short-term investments	0	0	933	2,646	1,455
Net cash used in investing activities	−442	−454	−970	−625	−557
Payments on Senior Credit Facility	−527	−353	−1,015	−5	0
Proceeds from Senior Credit Facility	526	288	1,073	5	0
Payments on commercial paper	−8,010	−10,156	−16,402	−19,413	−570
Proceeds from commercial paper	7,726	10,693	15,579	19,633	1,185
Proceeds from Senior Notes issuance	0	0	600	0	0
Payments on Term Loan Facility	0	−912	0	0	0
Net payments of other financing activities	−39	−24	−39	−24	−12
Debt issuance costs	0	0	−6	−3	0
Purchase of Mohawk common stock	−150	−163	0	−308	−900
Change in outstanding checks in excess of cash	3	−2	−600,000	−300,000	−3
Net cash used in financing activities	−470	−630	−211	194	−1,232
Effect of exchange rate changes on cash and cash equivalents	45	−26	−15	3	−20
Net change in cash and cash equivalents	190	24	133	241	−500

Filings

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