Avon Products, Inc. (AVP) financial statements (2022 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)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments252225254240365321286
Cash and cash equivalents252225254240365321286
Restricted cash and investments     811
Receivables245255255248259261157
Inventory, net of allowances, customer advances and progress billings384425496467459461437
Inventory384425496467459461437
Prepaid expense54525459524747
Disposal group, including discontinued operation   11  
Assets held-for-sale, not part of disposal group359814912
Other undisclosed current assets146134158160166167195
Total current assets:1,0831,0951,2271,1831,3151,2731,145
Noncurrent Assets
Finance lease, right-of-use asset      2
Operating lease, right-of-use asset111112118127153154160
Property, plant and equipment943   1,149  
Long-term investments and receivables4751     
Due from related parties4751     
Intangible assets, net (including goodwill)72757877837577
Goodwill72757877837577
Deferred income tax assets121119126128136120127
Other noncurrent assets509460459419439417438
Other undisclosed noncurrent assets(579)363430416(710)413419
Total noncurrent assets:1,2241,1791,2111,1671,2491,1791,222
TOTAL ASSETS:2,3082,2742,4382,3502,5642,4522,367
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities8898481,0211,0101,1391,069957
Accounts payable523486606624709661539
Accrued liabilities273262315295335315344
Employee-related liabilities829110086899274
Taxes payable128 451 
Debt33366038283028
Due to related parties3721493941,0771,009475
Disposal group, including discontinued operation     1917
Other undisclosed current liabilities128128101104119197187
Total current liabilities:1,4221,1601,5762,2292,2951,3631,194
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,4127647677756751,6901,722
Long-term debt, excluding current maturities676676676676 1,5671,593
Finance lease, liability1   2  
Operating lease, liability88889199 123129
Other undisclosed long-term debt and lease obligation648   674  
Liabilities, other than long-term debt2441,2491,095319342329331
Accounts payable and accrued liabilities828611099101105114
Deferred income tax liabilities3   2  
Liability, pension and other postretirement and postemployment benefits85107129127133128131
Due to related parties 973776    
Other liabilities758480941069787
Other undisclosed noncurrent liabilities85   119  
Total noncurrent liabilities:1,7412,0131,8621,0941,1372,0192,053
Total liabilities:3,1633,1733,4383,3243,4323,3813,247
Stockholders' equity
Stockholders' equity attributable to parent(859)(901)(1,003)(978)(872)(934)(885)
Additional paid in capital631632628623623528524
Accumulated other comprehensive loss(1,086)(1,154)(1,145)(1,177)(1,134)(1,167)(1,146)
Accumulated deficit(404)(380)(486)(424)(361)(294)(263)
Stockholders' equity attributable to noncontrolling interest4344455
Total stockholders' equity:(855)(899)(1,000)(974)(867)(929)(880)
TOTAL LIABILITIES AND EQUITY:2,3082,2742,4382,3502,5642,4522,367

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

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues8157689179041,063998607
Cost of revenue(327)(321)(385)(405)(483)(440)(251)
Cost of goods and services sold (321)(385)(405) (440)(251)
Gross profit:487447532499580558356
Operating expenses(448)(466)(551)(536)(575)(534)(406)
Other undisclosed operating loss(22)      
Operating income (loss):17(19)(19)(37)624(50)
Nonoperating expense(28)(27)(20)(25)(52)(41)(32)
Other nonoperating income (expense)(3)15(1)(0)(1)(1)
Interest and debt expense87(37)(26)(24)(26)(4)(32)
Other undisclosed income from continuing operations before equity method investments, income taxes  262426432
Income (loss) from continuing operations before equity method investments, income taxes:75(83)(39)(62)(46)(17)(82)
Other undisclosed income (loss) from continuing operations before income taxes(87)37     
Loss from continuing operations before income taxes:(12)(46)(39)(62)(46)(17)(82)
Income tax expense (benefit)(1)10(19)(7)(7)(12)(6)
Loss from continuing operations:(12)(36)(58)(69)(53)(29)(88)
Income (loss) from discontinued operations(12)(7)(4)5(14)(5)(5)
Net loss:(24)(43)(62)(64)(67)(34)(94)
Net income attributable to noncontrolling interest 110011
Net loss available to common stockholders, diluted:(24)(43)(62)(64)(66)(33)(93)

Comprehensive Income ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net loss:(24)(43)(62)(64)(67)(34)(94)
Other comprehensive income (loss)70(9)32(43)33(21)(2)
Comprehensive income (loss):46(52)(30)(107)(33)(54)(95)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1)100011
Comprehensive income (loss), net of tax, attributable to parent:45(51)(30)(107)(33)(54)(94)

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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