Avon Products, Inc. (AVP) financial statements (2021 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)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments365321286294651564421
Cash and cash equivalents365321286294651564421
Restricted cash and investments 8117   
Receivables259261157235280303333
Inventory, net of allowances, customer advances and progress billings459461437416452499516
Inventory459461437416452499516
Prepaid expense52474760606356
Disposal group, including discontinued operation1      
Assets held-for-sale, not part of disposal group1491213231810
Other undisclosed current assets166167195173195203208
Total current assets:1,3151,2731,1451,1971,6611,6501,544
Noncurrent Assets
Finance lease, right-of-use asset  2  33
Operating lease, right-of-use asset153154160170175172175
Property, plant and equipment1,149  433475477520
Intangible assets, net (including goodwill)83757774868390
Goodwill83757774868390
Regulated entity, other noncurrent assets     9 
Restricted cash and investments     88
Deferred income tax assets136120127130   
Other noncurrent assets439417438444528514434
Other undisclosed noncurrent assets(710)413419 161155198
Total noncurrent assets:1,2491,1791,2221,2511,4261,4201,428
TOTAL ASSETS:2,5642,4522,3672,4483,0863,0702,971
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,1391,0699579761,2561,1451,224
Accounts payable709661539593723642682
Accrued liabilities335315344303411388436
Employee-related liabilities8992747611510494
Taxes payable51 471012
Debt28302842116399
Due to related parties1,00947592   
Disposal group, including discontinued operation 191714   
Other undisclosed current liabilities11919718788143112134
Total current liabilities:2,2951,3631,1941,1731,4011,3731,757
Noncurrent Liabilities
Long-term debt and lease obligation, including:6751,6901,7221,7291,5901,7311,342
Long-term debt, excluding current maturities 1,5671,5931,5921,5901,5891,197
Finance lease, liability2      
Operating lease, liability 123129138 142145
Other undisclosed long-term debt and lease obligation674      
Liabilities, other than long-term debt342329331331357330325
Accounts payable and accrued liabilities101105114111129127141
Deferred income tax liabilities2      
Liability, pension and other postretirement and postemployment benefits133128131135138128130
Other liabilities106978785917555
Other undisclosed noncurrent liabilities119   143  
Total noncurrent liabilities:1,1372,0192,0532,0602,0912,0611,667
Total liabilities:3,4323,3813,2473,2333,4923,4343,424
Temporary equity, carrying amount    579511505
Stockholders' equity
Stockholders' equity attributable to parent(872)(934)(885)(791)(991)(882)(965)
Common stock    193190191
Treasury stock, value    (4,603)(4,603)(4,603)
Additional paid in capital6235285245232,3212,3112,308
Accumulated other comprehensive loss(1,134)(1,167)(1,146)(1,144)(1,040)(1,050)(1,029)
Retained earnings (accumulated deficit)(361)(294)(263)(170)2,1392,2702,170
Stockholders' equity attributable to noncontrolling interest4556777
Total stockholders' equity:(867)(929)(880)(785)(984)(875)(957)
TOTAL LIABILITIES AND EQUITY:2,5642,4522,3672,4483,0863,0702,971

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues1,06399860761,2141,1881,175
Sublease income   4433
Cost of revenue(483)(440)(251)(421)(527)(468)(498)
Cost of goods and services sold (440)(251)(421) (468)(498)
Gross profit:580558356(415)686720677
Operating expenses(575)(534)(406)(638)(685)(622)(647)
Other undisclosed operating income   951   
Operating income (loss):624(50)(102)19831
Nonoperating income (expense)(52)(41)(32)(57)(24)47(9)
Investment income, nonoperating1001222
Other nonoperating income (expense)(0)(1)(1)(18)7587
Interest and debt expense(26)(4)(32)(8)(2)(8)(31)
Other undisclosed income from continuing operations before equity method investments, income taxes2643282831
Income (loss) from continuing operations before income taxes:(46)(17)(82)(158)(23)14421
Income tax expense(7)(12)(6)(9)(25)(32)(27)
Income (loss) from continuing operations:(53)(29)(88)(167)(48)113(6)
Loss from discontinued operations(14)(5)(5)(5)(8)(6)(13)
Net income (loss):(67)(34)(94)(172)(55)107(19)
Net income (loss) attributable to noncontrolling interest011100(0)
Net income (loss) attributable to parent:(66)(33)(93)(171)(55)107(20)
Preferred stock dividends and other adjustments     (19)(6)
Other undisclosed net income available to common stockholders, basic    19  
Net income (loss) available to common stockholders, diluted:(66)(33)(93)(171)(36)88(26)

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income (loss):(67)(34)(94)(172)(55)107(19)
Other comprehensive income (loss)33(21)(2)(105)10(21)6
Comprehensive income (loss):(33)(54)(95)(276)(45)86(14)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest011100(0)
Comprehensive income (loss), net of tax, attributable to parent:(33)(54)(94)(275)(45)86(14)

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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