Avon Products, Inc. (AVP) financial statements (2020 and earlier)

Company profile

Business Address 1 AVON PLACE
SUFFERN, NY 10901
State of Incorp. NY
Fiscal Year End December 31
SIC 2844 - Perfumes, Cosmetics, and Other Toilet Preparations (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6515338826546899821,139
Cash and cash equivalents6515338826546879611,108
Short-term investments    22131
Receivables280350467471443564676
Inventory, net of allowances, customer advances and progress billings4525425985866248221,006
Inventory4525425985866248221,006
Prepaid expense6058118124128154192
Health care trust fund, assets limited as to use      1
Disposal group, including discontinued operation 4 1291  
Assets held-for-sale, not part of disposal group2366   
Other undisclosed current assets195211169156166443466
Total current assets:1,6611,7622,2331,9922,3412,9653,479
Noncurrent Assets
Operating lease, right-of-use asset175
Property, plant and equipment4755587037117671,2311,393
Long-term investments and receivables, including:   3336150168
Long-term investments   33363634
Other undisclosed long-term investments and receivables     113134
Intangible assets, net (including goodwill)8687969438278316
Goodwill8687969492249283
Intangible assets, net (excluding goodwill)    (54)2934
Disposal group, including discontinued operation, noncurrent assets    180 
Other noncurrent assets5286036666224991,0521,304
Other undisclosed noncurrent assets161  (33)18(179)(168)
Total noncurrent assets:1,4261,2481,4651,4271,5382,5323,013
TOTAL ASSETS:3,0863,0103,6983,4193,8805,4976,492
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,2561,3691,3811,3101,3751,7421,213
Accounts payable723817832768774895897
Accrued liabilities411451406402420599 
Employee-related liabilities11586130129158211271
Taxes payable7161311243745
Debt212261855137188
Disposal group, including discontinued operation 11 11490  
Deferred tax liabilities    0(1)
Other undisclosed current liabilities143104153147275168841
Total current liabilities:1,4011,4971,5601,4862,1952,0472,241
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,5901,5841,8691,8762,1062,4002,461
Long-term debt, excluding current maturities1,5901,5821,8721,8762,1602,4642,533
Capital lease obligations3   1212
Other undisclosed long-term debt and lease obligation  (3) (53)(76)(83)
Liabilities, other than long-term debt357337342449603713559
Pension and other postretirement defined benefit plans, liabilities398
Accounts payable and accrued liabilities12913685796578 
Accrued income taxes53
Deferred tax liabilities, net 22 2233(33)
Liability, pension and other postretirement and postemployment benefits138128151165178502
Disposal group, including discontinued operation, liabilities    260  
Other liabilities91728420678101140
Other undisclosed noncurrent liabilities143(3)174 3132104
Total noncurrent liabilities:2,0911,9182,3852,3252,7413,1443,124
Total liabilities:3,4923,4153,9453,8104,9365,1925,365
Temporary equity, carrying amount579492468445   
Stockholders' equity
Stockholders' equity attributable to parent(991)(905)(725)(848)(1,070)2901,110
Common stock193190190189188188189
Treasury stock, value(4,603)(4,602)(4,600)(4,600)(4,594)(4,591)(4,581)
Additional paid in capital2,3212,3042,2912,2742,2542,2082,176
Accumulated other comprehensive loss(1,040)(1,030)(926)(1,033)(1,366)(1,218)(870)
Retained earnings2,1392,2342,3202,3222,4483,7034,197
Stockholders' equity attributable to noncontrolling interest781012141617
Total stockholders' equity:(984)(897)(715)(836)(1,056)3051,128
TOTAL LIABILITIES AND EQUITY:3,0863,0103,6983,4193,8805,4976,492

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues4,7635,5715,7165,7186,1618,8519,955
Revenue, net5,7165,7186,1618,8519,955
Cost of revenue(2,010)(2,364)(2,203)(2,257)(2,445)(3,499)(3,773)
Cost of goods and services sold(37)(114)(568)(526)(584)(963)(1,107)
Gross profit:2,7533,2073,5123,4613,7155,3526,183
Operating expenses(2,628)(2,972)(3,239)(3,139)(3,543)(5,207)(6,183)
Other undisclosed operating income (loss)    (7)255428
Operating income:126235273322165400427
Nonoperating income (expense)13(127)(153)(291)(142)(236)(265)
Investment income, nonoperating8151516131526
Foreign currency transaction loss, before tax     (42) 
Other nonoperating income (expense)94(7)(27)(171)(74)(140)(84)
Interest and debt expense(12)(1)(141)1(6)(111)(207)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes121141(1)6111207
Income from continuing operations before income taxes:1381081213123164163
Income tax expense(103)(130)(101)(125)(819)(549)(164)
Income (loss) from continuing operations:35(22)20(93)(797)(385)(1)
Loss from discontinued operations(37)  (14)(349) (51)
Net income (loss):(1)(22)20(107)(1,146)(385)(52)
Net income (loss) attributable to noncontrolling interest122(0)(3)(4)(5)
Net income (loss) attributable to parent:(0)(20)22(108)(1,149)(389)(56)
Preferred stock dividends and other adjustments (24)23(18)   
Net income (loss) available to common stockholders, diluted:(0)(44)45(126)(1,149)(389)(56)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(1)(22)20(107)(1,146)(385)(52)
Other comprehensive income (loss)(9)(104)108333(151)(348)5
Comprehensive income (loss):(11)(126)128225(1,296)(733)(47)
Comprehensive income, net of tax, attributable to noncontrolling interest1322221
Other undisclosed comprehensive loss, net of tax, attributable to parent      (2)
Comprehensive income (loss), net of tax, attributable to parent:(10)(124)129227(1,295)(731)(48)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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