Avon Products, Inc. (AVP) Financial Statements (2024 and earlier)

Company Profile

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

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments367,600216,700156,900208,500251,500225,300
Cash and cash equivalents367,600216,700156,900208,500251,500225,300
Restricted cash and investments      
Receivables255,600242,300241,900257,600245,300254,900
Inventory, net of allowances, customer advances and progress billings332,200390,400408,000421,800384,100424,500
Inventory332,200390,400408,000421,800384,100424,500
Prepaid expense48,20052,10050,80057,00053,80051,900
Disposal group, including discontinued operation 1,800     
Asset, held-for-sale, not part of disposal group  7,9008,700 2,8004,600
Other undisclosed current assets152,900138,000144,300142,100145,900133,700
Total current assets:1,158,3001,047,4001,010,6001,087,0001,083,4001,094,900
Noncurrent Assets
Operating lease, right-of-use asset92,10093,300102,000104,800111,100112,100
Property, plant and equipment 881,100   942,500 
Long-term investments and receivables54,80051,30051,00046,70046,70051,100
Due from related parties54,80051,30051,00046,70046,70051,100
Intangible assets, net (including goodwill)25,90062,50068,50074,90072,10075,200
Goodwill25,90062,50068,50074,90072,10075,200
Deferred income tax assets52,10054,600135,200135,800121,400118,600
Other noncurrent assets445,500461,300508,900546,300509,400459,800
Other undisclosed noncurrent assets(548,100)324,200343,500370,000(578,800)362,600
Total noncurrent assets:1,003,4001,047,2001,209,1001,278,5001,224,4001,179,400
TOTAL ASSETS:2,161,7002,094,6002,219,7002,365,5002,307,8002,274,300
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities791,300807,600836,500824,000889,300848,100
Taxes payable1,6006,90013,10011,6008,400
Employee-related liabilities61,30059,10069,50081,50091,400
Accounts payable461,500442,300457,900496,700522,800486,200
Accrued liabilities329,800302,400312,600244,700273,400262,100
Debt5,700116,00031,700561,40032,60035,500
Disposal group, including discontinued operation79,90046,80040,50033,900  
Due to related parties537,200274,100265,100458,300371,700148,700
Other undisclosed current liabilities126,00066,80040,600108,000127,900127,500
Total current liabilities:1,540,1001,311,3001,214,4001,985,6001,421,5001,159,800
Noncurrent Liabilities
Long-term debt and lease obligation, including:215,600287,600293,100295,6001,412,300763,900
Long-term debt, excluding current maturities214,800214,700214,800214,900676,000675,800
Finance lease, liability 800   1,300 
Other undisclosed long-term debt and lease obligation     647,500 
Liabilities, other than long-term debt220,8001,545,6001,668,100981,400243,7001,249,100
Accounts payable and accrued liabilities33,00025,90085,50090,70081,50085,500
Deferred income tax liabilities     2,500 
Liability, pension and other postretirement and postemployment benefits58,10081,50082,40088,60084,600107,000
Due to related parties 1,375,1001,422,400721,000 972,800
Other liabilities58,20063,10077,80081,10075,10083,800
Operating lease, liability71,50072,90078,30080,70087,50088,100
Other undisclosed noncurrent liabilities 1,426,400   85,000 
Total noncurrent liabilities:1,862,8001,833,2001,961,2001,277,0001,741,0002,013,000
Total liabilities:3,402,9003,144,5003,175,6003,262,6003,162,5003,172,800
Equity
Equity, attributable to parent(1,244,700)(1,053,100)(959,400)(901,000)(858,500)(901,200)
Additional paid in capital639,800636,300634,200633,600631,200632,100
Accumulated other comprehensive loss(1,052,200)(989,000)(1,017,300)(1,033,200)(1,085,500)(1,153,500)
Accumulated deficit(832,300)(700,400)(576,300)(501,400)(404,200)(379,800)
Equity, attributable to noncontrolling interest3,5003,2003,5003,9003,8002,700
Total equity:(1,241,200)(1,049,900)(955,900)(897,100)(854,700)(898,500)
TOTAL LIABILITIES AND EQUITY:2,161,7002,094,6002,219,7002,365,5002,307,8002,274,300

Income Statement (P&L) ($ in thousands)

3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
Revenues728,800663,900713,200663,300814,800768,300
Cost of revenue(306,900)(290,000)(301,900)(287,400)(327,400)(321,300)
Cost of goods and services sold (290,000)(301,900)(287,400) (321,300)
Gross profit:421,900373,900411,300375,900487,400447,000
Operating expenses(421,300)(417,500)(432,700)(433,900)(448,300)(465,900)
Other undisclosed operating loss(38,500)(5,700)(7,800)(4,200)(22,400) 
Operating income (loss):(37,900)(49,300)(29,200)(62,200)16,700(18,900)
Nonoperating expense(41,900)(38,100)(36,500)(22,200)(28,400)(27,200)
Other nonoperating income (expense)(11,000)(5,700)6,4004,500(2,700)700
Interest and debt expense15,500(11,100)(15,700)(13,000)87,100(37,300)
Income (loss) from continuing operations before equity method investments, income taxes:(64,300)(98,500)(81,400)(97,400)75,400(83,400)
Other undisclosed income (loss) from continuing operations before income taxes(15,500)11,10015,70013,000(87,100)37,300
Loss from continuing operations before income taxes:(79,800)(87,400)(65,700)(84,400)(11,700)(46,100)
Income tax expense (benefit)(14,100)(22,100)3,600(4,800)(700)10,400
Loss from continuing operations:(93,900)(109,500)(62,100)(89,200)(12,400)(35,700)
Loss before gain (loss) on sale of properties:(124,000)(75,000)(97,000)(24,400)(43,100)
Loss from discontinued operations(38,000)(14,500)(12,900)(7,800)(12,000)(7,400)
Net loss:(131,900)(124,000)(75,000)(97,000)(24,400)(43,100)
Net income (loss) attributable to noncontrolling interest (100)100(200) 600
Net loss available to common stockholders, diluted:(131,900)(124,100)(74,900)(97,200)(24,400)(42,500)

Comprehensive Income ($ in thousands)

3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
Net loss:(131,900)(124,000)(75,000)(97,000)(24,400)(43,100)
Other comprehensive income (loss)(63,000)27,90015,60052,20070,100(8,800)
Comprehensive income (loss):(194,900)(96,100)(59,400)(44,800)45,700(51,900)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest900(400)(300)(100)(1,100)900
Comprehensive income (loss), net of tax, attributable to parent:(194,000)(96,500)(59,700)(44,900)44,600(51,000)

Statements Sources

The financial statements are based on the Company's filings with 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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