MOHAWK INDUSTRIES INC

10-K & 10-Q Filings

Mohawk Industries, Inc. is a leading global flooring manufacturer with operations in Australia, Brazil, Canada, Europe, Malaysia, Mexico, New Zealand, Russia, the United Kingdom, and the United States. The company had net sales of $11.1 billion in 2023, with approximately 50% generated in the United States and 50% outside the United States. Mohawk's business strategy focuses on optimizing market position, treating employees fairly, driving innovation, taking reasonable risks to grow the business, and enhancing communities. The company has three reporting segments: Global Ceramic, Flooring North America (Flooring NA), and Flooring Rest of the World (Flooring ROW). Global Ceramic designs, manufactures, sources, distributes, and markets a broad line of ceramic, porcelain, and natural stone tile products. Flooring NA designs, manufactures, sources, distributes, and markets a broad range of floor covering products, including broadloom carpet, carpet tile, rugs, carpet pad, laminate, medium-density fiberboard (MDF), wood flooring, luxury vinyl tile (LVT), and sheet vinyl. Flooring ROW designs, manufactures, sources, distributes, and markets laminate, LVT, sheet vinyl, wood flooring, broadloom carpet, and carpet tile, as well as roofing panels, insulation boards, mezzanine flooring, MDF, and chipboards. Mohawk's website is <https://www.mohawkindustries.com/>, and its common stock trades on the New York Stock Exchange under the symbol MHK.

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Apr 01, 20233 mos ending Mar 30, 2024CAGR %YoY %Revenue (+)
$5642.26
5787.98
7348.75
7803.45
8071.56
8959.09
9491.29
9983.63
9970.67
9552.20
11200.61
11737.07
11135.11
2806.22
2679.40
5.83%-4.52%Cost of Revenue (-)
$4225.38
4297.92
5427.94
5649.25
5660.88
6146.26
6494.88
7145.56
7294.63
7121.51
7931.88
8793.64
8425.46
2162.78
2029.90
5.92%-6.14%Gross Profit (+)
$1416.88
1490.06
1920.81
2154.19
2410.69
2812.82
2996.41
2838.07
2676.04
2430.69
3268.73
2943.43
2709.65
643.44
649.50
5.55%0.94%Selling, General & Administrative (-)
$1101.34
1110.55
1373.88
1381.40
1573.12
1532.88
1642.24
1742.74
1848.82
1794.69
1933.72
2003.44
2119.72
517.65
502.90
5.61%-2.85%Operating Expenses (-)
$1101.34
1110.55
1373.88
1381.40
1573.12
1532.88
1642.24
1742.74
1848.82
1794.69
1933.72
2699.21
2997.46
517.65
502.90
8.70%-2.85%Costs & Expenses (Total) (-)
$5326.72
5408.47
6801.82
7030.65
7234.00
7679.14
8137.12
8888.31
9143.45
8916.19
9865.60
11492.85
11422.92
2680.43
2532.80
6.56%-5.51%Operating Income/Loss (+)
$315.54
379.51
546.93
772.80
837.57
1279.94
1354.17
1095.33
827.22
636.00
1335.01
244.22
-287.81
125.79
146.60
16.54%Non-operating Income/Expense (+)
$-14.05
-0.30
-9.11
-10.70
-17.62
1.73
-5.21
-7.30
-36.41
0.75
12.23
-8.39
10.81
0.57
1.10
94.35%Interest Expense (-)
$101.62
74.71
92.25
98.21
71.09
40.55
31.11
38.83
41.27
52.38
57.25
51.94
77.51
17.14
14.90
-2.23%-13.05%Earnings before Tax (+)
$199.87
304.49
445.57
663.89
748.86
1241.13
1317.86
1049.20
749.54
584.37
1289.99
183.89
-354.51
109.22
132.80
21.59%Tax Expense (-)
$21.65
53.60
78.39
131.64
131.88
307.56
343.17
184.35
4.97
68.65
256.44
158.11
84.86
28.94
27.80
12.06%-3.95%Income/Loss (Continuing Operations) (+)
$178.22
250.89
367.19
532.25
616.99
933.57
974.69
864.86
744.57
515.73
1033.55
25.78
-439.37
80.28
105.00
30.80%Income/Loss (Discontinued Operations) (+)
$
-17.89
Profit/Loss (+)
$178.22
250.89
349.29
532.25
616.99
933.57
974.69
864.86
744.57
515.73
1033.55
25.78
-439.37
80.28
105.00
30.80%Net Income/Loss (NCI) (-)
$4.30
0.64
0.51
0.29
1.68
-3.20
-3.05
3.15
0.36
0.13
0.39
0.54
0.14
0.04
-24.61%Net Income/Loss (+)
$173.92
250.26
348.79
531.97
615.30
930.36
971.64
861.70
744.21
515.60
1033.16
25.25
-439.52
80.24
105.00
30.86%Net Income/Loss (Common) (+)
$173.92
250.26
348.79
531.97
615.30
930.36
971.64
861.70
744.21
515.60
1033.16
25.25
-439.52
80.24
105.00
30.86%EPS (Basic)
$2.53
3.63
4.86
7.30
8.37
12.55
13.07
11.53
10.34
7.24
15.01
0.40
-6.90
1.26
1.65
30.95%EPS (Diluted)
$2.52
3.61
4.82
7.25
8.31
12.48
12.98
11.47
10.30
7.22
14.94
0.39
-6.90
1.26
1.64
30.16%Weighted Avg Shares (Basic)
68.82
69.33
71.77
72.84
73.52
74.10
74.36
74.41
71.99
71.21
68.85
63.83
63.66
63.58
63.70
-0.65%0.19%Weighted Avg Shares (Diluted)
72.30
73.36
74.04
74.57
74.84
74.77
72.26
71.40
69.14
64.06
63.66
63.85
64.00
0.24%Cash
$311.94
477.67
54.07
97.88
81.69
121.67
84.88
119.05
134.78
768.63
268.89
509.62
642.55
572.86
658.50
6.21%14.95%Short-term Investments
$
571.74
323.00
158.00
150.00
Receivables
$686.16
679.47
1062.88
1081.96
1257.51
1376.15
1558.16
1606.16
1526.62
1709.49
1839.98
1904.79
1874.66
2052.36
2007.20
8.74%-2.20%Inventory
$1113.63
1133.74
1572.33
1543.31
1607.26
1675.75
1948.66
2287.61
2282.33
1913.02
2391.67
2793.76
2551.85
2729.88
2527.70
7.15%-7.41%Prepaid Expenses (Current)
$112.78
138.12
204.03
225.76
258.63
267.72
376.84
421.55
415.55
369.43
394.65
498.22
515.82
534.14
512.50
13.51%-4.05%Other Assets (Current)
$173.65
121.05
192.42
183.36
44.89
30.22
104.42
74.92
70.18
31.34
20.16
30.70
19.34
21.90
15.80
-16.72%-27.85%Assets (Current)
$2398.16
2550.05
3085.72
3132.27
3249.97
3471.51
4072.97
4509.30
4429.46
5363.65
5238.36
5895.10
5604.22
6061.14
5721.70
7.33%-5.60%Property, Plant & Equipment (Net)
$1712.15
1692.85
2701.74
2703.21
3147.12
3370.35
4270.79
4699.90
5021.92
4914.37
5026.83
5048.99
5421.70
4945.95
4885.10
10.08%-1.23%Accumulated Depreciation
$
5146.85
5470.00
6.28%Goodwill & Intangibles
$1529.84
1484.07
1847.10
1683.67
2597.56
2528.88
2719.02
2775.40
2796.17
2875.17
2812.98
2117.38
1329.36
2207.99
1299.80
-1.16%-41.13%Other Assets
$566.07
576.72
859.61
766.39
947.72
859.85
1032.08
1114.53
1139.13
1174.56
1146.34
1058.96
1204.59
1152.31
1211.30
6.50%5.12%Assets (Non-current)
$3808.06
3753.64
5408.46
5153.27
6692.39
6759.08
8021.89
8589.83
8957.22
8964.10
8986.16
8225.33
7955.65
8702.32
7809.80
6.33%-10.26%Assets (Total)
$6206.23
6303.68
8494.18
8285.54
9942.36
10230.60
12094.85
13099.12
13386.68
14327.75
14224.52
14120.43
13559.87
14763.46
13531.50
6.73%-8.34%Accounts Payable
$715.09
773.44
1193.59
1104.51
1256.03
1335.58
1451.67
1523.87
1559.14
1895.95
2217.42
2124.45
2035.34
2155.41
2079.30
9.11%-3.53%Debt (Current)
$386.25
55.21
127.22
851.30
2003.00
1382.74
1203.68
1742.37
1153.44
377.25
624.50
840.57
1001.72
1056.47
931.50
8.27%-11.83%Other Liabilities (Current)
$
98.04
104.43
105.27
108.86
106.49
109.30
2.64%Liabilities (Current)
$1101.35
828.65
1320.81
1955.81
3259.03
2718.32
2655.36
3266.24
2712.58
2371.25
2946.36
3070.28
3145.91
3318.37
3120.10
9.14%-5.98%Debt (Non-current)
$1200.18
1327.73
2132.79
1402.13
1196.93
1128.75
1559.89
1515.60
1746.54
2356.89
1700.28
1978.56
1701.79
2265.14
1694.50
2.95%-25.19%Other Liabilities
$455.19
427.69
570.27
504.78
603.59
576.35
783.13
877.22
801.11
1058.46
1149.66
1053.67
1083.03
1074.24
1069.10
7.49%-0.48%Liabilities (Non-current)
$1655.37
1755.42
2703.06
1906.92
1800.52
1705.09
2343.03
2392.82
2547.65
3415.35
2849.95
3032.23
2784.82
3339.38
2763.60
4.43%-17.24%Liabilities (Total)
$2756.72
2584.07
4023.87
3862.73
5059.55
4423.41
4998.38
5659.06
5260.23
5786.59
5796.30
6102.52
5930.73
6657.75
5883.70
6.59%-11.63%Treasury Stock
$323.55
323.46
239.23
239.45
215.79
215.79
215.77
215.75
215.71
215.65
215.55
215.49
215.40
215.40
215.30
-3.33%-0.05%Retained Earnings
$2354.76
2605.02
2953.81
3487.08
4102.71
5032.91
6004.51
6588.20
7232.34
7559.19
7692.06
7409.76
6970.24
7490.00
7075.20
9.46%-5.54%AOCI
$135.64
159.73
178.69
-429.32
-793.57
-833.03
-558.53
-791.61
-765.82
-695.14
-966.95
-1114.26
-1079.96
-1107.83
-1167.80
-5.41%Shareholder's Equity
$3415.78
3719.62
4470.31
4422.81
4860.86
5783.49
7067.01
7440.06
8126.45
8541.16
8428.22
8017.91
7629.14
8105.71
7647.80
6.93%-5.65%Liabilities & Equity
$6206.23
6303.68
8494.18
8285.54
9942.36
10230.60
12094.85
13099.12
13386.68
14327.75
14224.52
14120.43
13559.87
14763.46
13531.50
6.73%-8.34%Net Income/Loss
$178.22
250.89
349.29
532.25
616.99
933.57
974.69
864.86
744.57
515.73
1033.55
25.78
-439.37
80.28
105.00
30.80%Depreciation & Amortization
$297.73
280.29
308.87
345.57
362.65
409.47
446.67
521.76
576.45
607.51
591.71
595.46
630.33
169.91
154.20
6.45%-9.25%Increase/Decrease in Working Capital
$202.30
-9.94
172.01
270.18
107.52
106.83
229.89
383.90
-30.11
-494.59
353.11
718.69
-266.91
-23.38
74.40
418.22%Share-based Compensation
$10.16
14.08
18.31
27.96
32.55
35.06
36.32
31.38
23.62
19.70
25.65
22.41
20.96
5.03
6.80
6.22%35.11%Adjustments to Reconcile Net Income
$122.77
336.70
175.87
129.93
294.89
393.99
218.90
316.49
674.19
1254.11
275.57
643.37
1768.60
177.00
78.70
24.90%-55.54%Net Cash (Operating)
$300.99
587.59
525.16
662.19
911.87
1327.55
1193.60
1181.34
1418.76
1769.84
1309.12
669.15
1329.23
257.28
183.70
13.18%-28.60%Capital Expenditure
$299.67
215.30
810.02
565.65
1874.22
672.13
1156.80
1363.07
626.54
425.56
800.09
790.34
1128.34
647.89
86.80
11.68%-86.60%Net Cash (Investing)
$-299.67
-215.30
-810.02
-565.65
-1874.22
-672.13
-1240.70
-1332.20
-616.04
-954.80
-556.75
-625.34
-970.34
-639.89
-86.80
86.44%Increase/Decrease in Debt
$-22.13
-475.76
798.68
-175.42
960.66
-631.84
506.54
517.93
-677.99
15.39
-320.23
527.92
-166.01
469.24
-65.70
-114.00%Increase/Decrease in Equity
$-8.29
-1.80
-7.67
-7.11
-1.34
0.37
-275.03
-103.11
-200.04
-900.33
-310.12
-5.59
Dividends Paid
$4.76
0.42
1.09
Net Cash (Financing)
$-33.12
-216.83
-106.77
-25.55
964.08
-623.90
-7.00
198.03
-789.88
-188.19
-1232.22
194.35
-210.68
450.95
-76.10
-116.88%Effect of Exchange Rate
$-10.47
10.27
-31.98
-27.18
-17.92
8.45
17.32
-13.00
2.90
6.98
-19.87
2.57
-15.28
-5.10
-4.90
3.94%Increase/Decrease in Cash
$-42.27
165.73
-423.61
43.81
-16.18
39.97
-36.78
34.17
15.73
633.84
-499.73
240.73
132.93
63.23
15.90
-74.86%Cash (Beginning)
$354.22
311.94
477.67
54.07
97.88
81.69
121.67
84.88
119.05
134.78
768.63
268.89
509.62
509.62
642.60
3.08%26.09%Cash (Ending)
$311.94
477.67
54.07
97.88
81.69
121.67
84.88
119.05
134.78
768.63
268.89
509.62
642.55
572.86
658.50
6.21%14.95%NOPAT
$281.36
312.70
450.71
619.57
690.07
962.76
1001.55
902.88
821.73
561.29
1069.62
34.24
-218.91
92.46
115.91
25.37%Gross Margin %
25.11%
25.74%
26.14%
27.61%
29.87%
31.40%
31.57%
28.43%
26.84%
25.45%
29.18%
25.08%
24.33%
22.93%
24.24%
Operating Margin %
5.59%
6.56%
7.44%
9.90%
10.38%
14.29%
14.27%
10.97%
8.30%
6.66%
11.92%
2.08%
-2.58%
4.48%
5.47%
NOPAT Margin %
4.99%
5.40%
6.13%
7.94%
8.55%
10.75%
10.55%
9.04%
8.24%
5.88%
9.55%
0.29%
-1.97%
3.29%
4.33%
Net Margin %
3.08%
4.32%
4.75%
6.82%
7.62%
10.38%
10.24%
8.63%
7.46%
5.40%
9.22%
0.22%
-3.95%
2.86%
3.92%
Tax Rate %
10.83%
17.60%
17.59%
19.83%
17.61%
24.78%
26.04%
17.57%
0.66%
11.75%
19.88%
85.98%
23.94%
26.50%
20.93%
ROA
4.53%
4.96%
5.31%
7.48%
6.94%
9.41%
8.28%
6.89%
6.14%
3.92%
7.52%
0.24%
-1.61%
0.63%
0.86%
ROE
8.24%
8.41%
10.08%
14.01%
14.20%
16.65%
14.17%
12.14%
10.11%
6.57%
12.69%
0.43%
-2.87%
1.14%
1.52%
ROIC
5.92%
6.47%
7.21%
9.94%
8.97%
12.03%
10.54%
8.69%
7.74%
5.29%
10.22%
0.32%
-2.14%
0.88%
1.24%
Asset Turnover
0.91
0.92
0.87
0.94
0.81
0.88
0.78
0.76
0.74
0.67
0.79
0.83
0.82
0.19
0.20
Inventory Turnover
3.79
3.79
3.45
3.66
3.52
3.67
3.33
3.12
3.20
3.72
3.32
3.15
3.30
0.79
0.80
Equity Multiplier
1.82
1.69
1.90
1.87
2.05
1.77
1.71
1.76
1.65
1.68
1.69
1.76
1.78
1.82
1.77
Current Ratio
2.18
3.08
2.34
1.60
1.00
1.28
1.53
1.38
1.63
2.26
1.78
1.92
1.78
1.83
1.83
Quick Ratio
0.91
1.40
0.85
0.60
0.41
0.55
0.62
0.53
0.61
1.29
0.83
0.84
0.80
0.84
0.85
Debt/Equity Ratio
0.46
0.37
0.51
0.51
0.66
0.43
0.39
0.44
0.36
0.32
0.28
0.35
0.35
0.41
0.34
Working Capital/Sales
0.27
0.29
0.23
0.24
0.24
0.24
0.27
0.29
0.28
0.29
0.23
0.30
0.31
1.21
1.19
Dividend Payout Ratio %
1.69%
0.14%
0.18%
Total Payout
$35.18
477.98
-791.01
176.50
-953.55
633.18
-506.91
-242.90
781.10
184.65
1220.57
-217.80
171.60
-469.24
65.70
14.12%114.00%Payout Ratio %
12.50%
152.86%
-175.50%
28.49%
-138.18%
65.77%
-50.61%
-26.90%
95.06%
32.90%
114.11%
-636.09%
78.39%
-507.53%
56.68%