XML 13 R2.htm IDEA: XBRL DOCUMENT v3.22.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jul. 02, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 223,986 $ 268,895
Short-term investments 265,000 323,000
Receivables, net 2,105,809 1,839,985
Inventories 2,826,044 2,391,672
Prepaid expenses 500,858 394,649
Other current assets 19,037 20,156
Total current assets 5,940,734 5,238,357
Property, plant and equipment 9,371,983 9,250,587
Less: accumulated depreciation 4,789,908 4,613,722
Property, plant and equipment, net 4,582,075 4,636,865
Right of use operating lease assets 404,726 389,967
Goodwill 2,536,314 2,607,909
Tradenames 678,627 694,905
Other intangible assets subject to amortization, net 177,774 205,075
Deferred income taxes and other non-current assets 369,237 451,439
Total assets 14,689,487 14,224,517
Current liabilities:    
Short-term debt and current portion of long-term debt 1,498,900 624,503
Accounts payable and accrued expenses 2,316,980 2,217,418
Current operating lease liabilities 108,497 104,434
Total current liabilities 3,924,377 2,946,355
Deferred income taxes 471,044 495,521
Long-term debt, less current portion 1,052,064 1,700,282
Non-current operating lease liabilities 309,261 297,390
Other long-term liabilities 325,803 356,753
Total liabilities 6,082,549 5,796,301
Commitments and contingencies (Note 17)
Stockholders’ equity:    
Preferred stock, $.01 par value; 60 shares authorized; no shares issued 0 0
Common stock, $.01 par value; 150,000 shares authorized; 70,878 and 72,952 shares issued and outstanding in 2022 and 2021, respectively 709 729
Additional paid-in capital 1,919,742 1,911,131
Retained earnings 7,910,657 7,692,064
Accumulated other comprehensive loss (1,014,999) (966,952)
Stockholders' equity before treasury stock 8,816,109 8,636,972
Less: treasury stock at cost; 7,341 and 7,343 shares in 2022 and 2021, respectively 215,491 215,547
Total Mohawk Industries, Inc. stockholders’ equity 8,600,618 8,421,425
Nonredeemable noncontrolling interests 6,320 6,791
Total stockholders’ equity 8,606,938 8,428,216
Total liabilities and stockholders’ equity $ 14,689,487 $ 14,224,517