Financial Statements

Tapestry, Inc. (TPR)

$31.52

+1.48 (+4.93%)
Income Statement
Balance Sheet
Cash Flow

Income Statement

All numbers are in thousands

Retained Earning Schedule

Year 2021 2020 2019 2018 2017
Retained Earnings (Previous Year) -993292119108-
Net Income 834-652643398591
Stock Dividends --252-80-2-105
Dividend Paid --380-391-384-378
Retained Earnings -159-993292119108

PPE Schedule

Year 2021 2020 2019 2018 2017
Gross PPE 2,532939885691-
Annual Depreciation -2421,799328461975
Capital Expenditure -116-205-274-267-283
Net PPE 2,1752,532939885691

Intangible and Goodwill Schedule

Year 2021 2020 2019 2018 2017
Intangible and Goodwill (Previous Year) -4811,4841,5161,301
New Purchases -524-4-416-212-1
Intangible and Goodwill 4811,4841,5161,3011,297

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.