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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 268,895 $ 768,625
Short-term investments 323,000 571,741
Receivables, net 1,839,985 1,709,493
Inventories 2,391,672 1,913,020
Prepaid expenses 394,649 369,432
Other current assets 20,156 31,343
Total current assets 5,238,357 5,363,654
Property, plant and equipment, net 4,636,865 4,591,229
Right of use operating lease assets 389,967 323,138
Goodwill 2,607,909 2,650,831
Tradenames 694,905 727,268
Other intangible assets subject to amortization, net 205,075 224,339
Deferred income taxes and other non-current assets 451,439 447,292
Total assets 14,224,517 14,327,751
Current liabilities:    
Short-term debt and current portion of long-term debt 624,503 377,255
Accounts payable and accrued expenses 2,217,418 1,895,951
Current operating lease liabilities 104,434 98,042
Total current liabilities 2,946,355 2,371,248
Deferred income taxes 495,521 493,668
Long-term debt, less current portion 1,700,282 2,356,887
Non-current operating lease liabilities 297,390 234,726
Other long-term liabilities 356,753 330,064
Total liabilities 5,796,301 5,786,593
Commitments and contingencies (Note 16)
Stockholders’ equity:    
Preferred stock, $.01 par value; 60 shares authorized; no shares issued 0 0
Common stock, $.01 par value; 150,000 shares authorized; 72,952 and 77,624 shares issued and outstanding in 2021 and 2020, respectively 729 776
Additional paid-in capital 1,911,131 1,885,142
Retained earnings 7,692,064 7,559,191
Accumulated other comprehensive loss (966,952) (695,145)
Shareholder's equity before treasury stock 8,636,972 8,749,964
Less: treasury stock at cost; 7,343 and 7,346 shares in 2021 and 2020, respectively 215,547 215,648
Total Mohawk Industries, Inc. stockholders’ equity 8,421,425 8,534,316
Nonredeemable noncontrolling interests 6,791 6,842
Total stockholders’ equity 8,428,216 8,541,158
Total liabilities and stockholders' equity $ 14,224,517 $ 14,327,751