$MHK

MOHAWK INDUSTRIES INC

CIK:0000851968|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jul. 04, 2026	Jun. 28, 2025	Jul. 04, 2026	Jun. 28, 2025
Income Statement [Abstract]
Net sales	$ 2,991.4	$ 2,802.1	$ 5,720.1	$ 5,327.9
Cost of sales	2,196.3	2,087.7	4,283.1	4,030.2
Gross profit	795.1	714.4	1,437.0	1,297.7
Selling, general and administrative expenses	541.4	525.7	1,071.5	1,012.9
Operating income	253.7	188.7	365.5	284.8
Interest expense	4.8	5.2	7.1	11.6
Other (income) and expense, net	0.4	3.0	1.7	2.7
Earnings before income taxes	248.5	180.5	356.7	270.5
Income tax expense	52.3	34.0	43.4	51.5
Net earnings including noncontrolling interests	196.2	146.5	313.3	219.0
Less: net earnings attributable to noncontrolling interests	0.1	0.0	0.1	0.0
Net earnings attributable to Mohawk Industries, Inc.	$ 196.1	$ 146.5	$ 313.2	$ 219.0
Basic earnings per share attributable to Mohawk Industries, Inc. (in usd per share)	$ 3.23	$ 2.35	$ 5.13	$ 3.50
Weighted-average common shares outstanding—basic (in shares)	60.7	62.3	61.0	62.5
Diluted earnings per share attributable to Mohawk Industries, Inc. (in usd per share)	$ 3.22	$ 2.34	$ 5.11	$ 3.49
Weighted-average common shares outstanding—diluted (in shares)	60.9	62.6	61.3	62.7

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	6 Months Ended
	Jul. 04, 2026	Jun. 28, 2025
Cash flows from operating activities:
Net earnings including noncontrolling interests	$ 313.3	$ 219.0
Adjustments to reconcile net earnings to net cash provided by operating activities:
Restructuring, excluding accelerated depreciation	36.6	45.2
Depreciation and amortization	341.1	306.0
Deferred income taxes	(37.6)	(48.0)
(Gain) loss on disposal of property, plant and equipment	3.1	(1.9)
Stock-based compensation expense	14.1	15.2
Changes in operating assets and liabilities, net of effects of acquisitions:
Receivables, net	(366.3)	(316.5)
Inventories	63.5	(68.8)
Accounts payable and accrued expenses	171.0	81.0
Other assets and prepaid expenses	(49.7)	(45.6)
Taxes payable	(75.0)	0.0
Other liabilities	12.5	24.4
Net cash provided by operating activities	426.6	210.0
Cash flows from investing activities:
Additions to property, plant and equipment	(190.6)	(169.3)
Divestitures	3.3	0.0
Net cash used in investing activities	(187.3)	(169.3)
Cash flows from financing activities:
Payments on Senior Credit Facility	(195.8)	(234.8)
Proceeds from Senior Credit Facility	195.8	260.7
Payments on commercial paper	(6,794.6)	(6,274.3)
Proceeds from commercial paper	6,695.7	6,129.8
Net payments of other financing activities	(15.0)	(17.9)
Purchase of Mohawk common stock	(124.6)	(68.1)
Shares redeemed for taxes	(6.7)	0.0
Change in outstanding checks in excess of cash	(2.7)	(0.5)
Net cash used in financing activities	(247.9)	(205.1)
Effect of exchange rate changes on cash and cash equivalents	2.1	44.5
Net change in cash and cash equivalents	(6.5)	(119.9)
Cash and cash equivalents, beginning of period	856.1	666.6
Cash and cash equivalents, end of period	$ 849.6	$ 546.7

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jul. 04, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 849.6	$ 856.1
Receivables, net	2,284.3	1,924.1
Inventories	2,585.6	2,661.7
Prepaid expenses	545.7	512.2
Other current assets	8.7	13.0
Total current assets	6,273.9	5,967.1
Property, plant, and equipment, at cost	11,036.3	11,032.0
Less: accumulated depreciation and amortization	6,432.7	6,260.0
Property, plant and equipment, net	4,603.6	4,772.0
Right of use operating lease assets	425.3	408.7
Goodwill	1,191.1	1,210.3
Tradenames	691.1	695.8
Other intangible assets subject to amortization, net	101.3	117.4
Deferred income taxes and other non-current assets	536.9	516.0
Total assets	13,823.2	13,687.3
Current liabilities:
Short-term debt and current portion of long-term debt	761.4	289.3
Accounts payable and accrued expenses	2,393.9	2,310.4
Current operating lease liabilities	120.0	122.4
Total current liabilities	3,275.3	2,722.1
Deferred income taxes	166.4	185.4
Long-term debt, less current portion	1,155.1	1,741.2
Non-current operating lease liabilities	322.2	304.4
Other long-term liabilities	359.5	355.5
Total liabilities	5,278.5	5,308.6
Commitments and contingencies (Note 15)
Stockholders’ equity:
Preferred stock, $.01 par value; 60,000 shares authorized; no shares issued	0.0	0.0
Common stock, $.01 par value; 150.0 shares authorized; 67.8 and 68.8 shares issued in 2026 and 2025, respectively	0.7	0.7
Additional paid-in capital	2,000.4	1,992.6
Retained earnings	7,691.7	7,503.1
Accumulated other comprehensive income (loss)	(937.1)	(907.9)
Shareholder's equity before treasury stock	8,755.7	8,588.5
Less: treasury stock at cost; 7.3 shares in 2026 and 2025	215.0	215.2
Total Mohawk Industries, Inc. stockholders' equity	8,540.7	8,373.3
Noncontrolling interests	4.0	5.4
Total stockholders' equity	8,544.7	8,378.7
Total liabilities and stockholders' equity	$ 13,823.2	$ 13,687.3