WHIRLPOOL CORP /DE/

Listed Company

WHR-PACIK 0000106640NYSELarge AcceleratedHousehold AppliancesDelawareFY ends Dec 31

Period

FY 2025

Revenue

$15.52B

Net Income

$318.00M

Total Assets

$16.00B

Equity

$2.73B

Shares Out

56.52M

Op. Cash Flow

$470.00M

Business

WHIRLPOOL CORP /DE/ manufactures and markets household appliances and related products, focused on improving life at home through kitchen and laundry solutions. Its principal products include laundry appliances, refrigerators and freezers, cooking appliances, dishwashers, a portfolio of small domestic appliances (including KitchenAid), commercial laundry equipment, and food waste disposers and instant hot water dispensers under the InSinkErator name, with an increasing emphasis on connected features and over‑the‑air services. The company operates through four segments: MDA North America, MDA Latin America, MDA Asia and SDA Global (with MDA Europe deconsolidated). It sells globally through retailers, distributors, builders and direct‑to‑consumer channels, and licenses brands in certain markets.

Summary from filing dated 2025-02-13

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	15,524	16,607	19,455	19,724	21,985
Cost of products sold	13,138	14,026	16,285	16,651	17,576
Gross margin	2,386	2,581	3,170	3,073	4,409
Selling, general and administrative	1,633	1,684	1,993	1,820	2,081
Intangible amortization	26	31	40	35	47
Restructuring costs	63	79	16	21	38
Impairment of goodwill and other intangibles	106	381	0	384	0
Loss (gain) on sale and disposal of businesses	−280	264	106	1,869	−105
Operating profit	838	143	1,015	−1,056	2,348
Interest and sundry (income) expense	−20	−27	71	−19	−159
Interest expense	341	358	351	190	—
Earnings (loss) before income taxes	516	−188	593	−1,227	2,332
Income tax expense (benefit)	142	10	77	265	518
Equity method investment income (loss), net of tax	−34	−107	−28	−19	−8
Net earnings (loss)	341	−305	488	−1,511	1,806
Less: Net earnings (loss) available to noncontrolling interests	23	18	7	8	23
Net earnings (loss) available to Whirlpool	318	−323	481	−1,519	1,783
Basic net earnings (loss) available to Whirlpool (in USD per share)	5.68	−5.87	8.76	−27.18	28.73
Diluted net earnings (loss) available to Whirlpool (in USD per share)	5.66	−5.87	8.72	−27.18	28.36
Basic (in shares)	56	55	55	56	62
Diluted (in shares)	56	55	55	56	63

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	669	1,275	1,570	1,958	3,044
Accounts receivable, net of allowance of $56 and $46, respectively	1,276	1,317	1,529	1,555	3,100
Inventories	2,307	2,035	2,247	2,089	2,717
Prepaid and other current assets	654	612	717	653	834
Assets held for sale	17	0	144	139	0
Total current assets	4,924	5,239	6,207	6,394	9,695
Property, net of accumulated depreciation of $5,547 and $5,414, respectively	2,194	2,275	2,234	2,102	2,805
Right of use assets	796	841	721	691	946
Goodwill	3,103	3,322	3,330	3,330	2,485
Investment in affiliated companies	827	279	—	—	—
Other intangibles, net of accumulated amortization of $464 and $447, respectively	2,563	2,717	3,124	3,164	1,981
Deferred income taxes	1,327	1,433	1,317	1,063	1,920
Other noncurrent assets	266	195	379	396	453
Total assets	16,001	16,301	17,312	17,124	20,285
Accounts payable	3,704	3,530	3,598	3,376	5,413
Accrued expenses	448	455	491	481	609
Accrued advertising and promotions	755	682	603	623	854
Employee compensation	208	228	238	159	576
Notes payable	351	18	17	4	10
Current maturities of long-term debt	586	1,850	800	248	298
Other current liabilities	460	560	614	550	750
Total current liabilities	6,513	7,323	6,948	5,931	8,510
Long-term debt	5,583	4,758	6,414	7,363	4,929
Pension benefits	64	122	147	184	378
Postretirement benefits	92	96	107	96	142
Lease liabilities	669	711	612	584	794
Other noncurrent liabilities	365	358	547	460	519
Total noncurrent liabilities	6,773	6,045	7,827	8,687	6,762
Common stock, $1 par value, 250 million shares authorized, 65 million and 65 million shares issued, respectively, and 56 million and 55 million shares outstanding, respectively	65	64	114	114	114
Additional paid-in capital	3,485	3,462	3,078	3,061	3,025
Retained earnings	1,330	1,311	8,358	8,261	10,170
Accumulated other comprehensive loss	−1,624	−1,545	−2,178	−2,090	−2,357
Treasury stock, 9 million and 9 million shares, respectively	−530	−609	−7,010	−7,010	−6,106
Total Whirlpool stockholders' equity	2,726	2,683	2,362	2,336	4,846
Noncontrolling interests	−11	250	175	170	167
Total stockholders' equity	2,715	2,933	2,537	2,506	5,013
Total liabilities and stockholders' equity	16,001	16,301	17,312	17,124	20,285

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
Depreciation and amortization	338	333	361	475	494
Impairment of goodwill, other intangibles and other assets	143	381	0	—	—
Share based compensation and other	137	91	34	—	—
Accounts receivable	40	−14	159	854	−232
Inventories	−372	172	−123	−49	−648
Accounts payable	174	125	1	−612	949
Accrued advertising and promotions	90	63	−37	−51	70
Accrued expenses and current liabilities	39	7	122	113	125
Taxes deferred and payable, net	−67	−183	−97	18	130
Accrued pension and postretirement benefits	21	−24	−59	—	—
Employee compensation	−25	6	69	−288	16
Other	−142	−188	−137	274	−271
Cash provided by (used in) operating activities	470	835	915	1,390	2,176
Capital expenditures	−389	−451	−549	−570	−525
Proceeds from sale of assets and businesses	198	95	10	77	302
Distributions from equity method investment	13	0	0	—	—
Acquisition of businesses, net of cash acquired	0	0	−14	−3,000	−46
Cash held by divested businesses	−327	−245	0	−75	−393
Other	0	−1	0	0	2
Cash provided by (used in) investing activities	−504	−602	−553	−3,568	−660
Net proceeds from borrowings of long-term debt	1,200	300	304	2,800	300
Net repayments of long-term debt	−1,850	−801	−750	−300	−300
Net proceeds (repayments) from short-term borrowings	340	11	34	−4	−1
Dividends paid	−300	−384	−384	−390	−338
Repurchase of common stock	0	−50	0	−903	−1,041
Equity transactions of noncontrolling interest	0	462	0	—	—
Common stock issued	0	0	4	3	76
Other	−10	−14	0	0	−35
Cash provided by (used in) financing activities	−621	−476	−792	1,206	−1,339
Effect of exchange rate changes on cash and cash equivalents	49	−149	45	−20	—
Less: change in cash classified as held for sale	0	0	−3	−94	—
Increase (decrease) in cash and cash equivalents	−606	−391	−388	−1,086	—
Cash paid for interest	350	352	370	161	169
Cash paid for income taxes	136	181	175	247	388

Filings

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