Financial Statements

Tapestry, Inc. (TPR)


-0.33 (-1.14%)
Income Statement
Balance Sheet
Cash Flow

Income Statement

All numbers are in thousands , Years are calendar years not fiscal years

Retained Earning Schedule

Year 2023 2022 2021 2020 2019
Retained Earnings (Previous Year) -1,166-159-993292-
Net Income 936856834-652643
Stock Dividends -703-1,600--25239
Dividend Paid -283-264--380-391
Retained Earnings -1,217-1,166-159-993292

PPE Schedule

Year 2023 2022 2021 2020 2019
Gross PPE 1,8262,1752,532939-
Annual Depreciation 301-255-2421,7991,213
Capital Expenditure -184-94-116-205-274
Net PPE 1,9431,8262,1752,532939

Intangible and Goodwill Schedule

Year 2023 2022 2021 2020 2019
Intangible and Goodwill (Previous Year) -1,5161,3011,2971,242
New Purchases -416-212-1-540-7
Intangible and Goodwill 1,5161,3011,2971,2421,228

Tapestry, Inc. income statement is the only one that provides an overview of company sales and net income
The reasoning behind the adjustment, however, is that free cash flow is meant to measure money being spent right now, not transactions that happened in the past. This makes Tapestry, Inc. FCF a useful instrument for identifying growing companies with high up-front costs, which may eat into earnings now but have the potential to pay off later.