Fossil Group, Inc. (FOSLL) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
901 S CENTRAL EXPRESSWAY RICHARDSON, TX 75080 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3873 - Watches, Clocks, Clockwork Operated Devices, and Parts (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 3/31/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 124 | 117 | 199 | 251 | 316 | 200 | |||
| Cash and cash equivalent | 124 | 117 | 199 | 251 | 316 | 200 | |||
| Restricted cash and investments | 1 | 0 | 0 | 0 | 0 | 0 | |||
| Receivables | 162 | 245 | 260 | 318 | 276 | 300 | |||
| Inventory, net of allowances, customer advances and progress billings | 179 | 253 | 376 | 347 | 295 | 452 | |||
| Inventory | 179 | 253 | 376 | 347 | 295 | 452 | |||
| Prepaid expense | 41 | 52 | 70 | 63 | 52 | 57 | |||
| Derivative instruments and hedges, assets | 0 | 3 | 3 | 0 | 3 | ||||
| Asset, held-for-sale, not part of disposal group | 18 | 9 | 3 | 10 | |||||
| Other current assets | 23 | 23 | 25 | 24 | 23 | 22 | |||
| Other undisclosed current assets | 8 | 10 | 13 | 13 | 18 | 24 | |||
| Total current assets: | 555 | 711 | 945 | 1,023 | 990 | 1,059 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 6 | 6 | |||||||
| Operating lease, right-of-use asset | 121 | 151 | 157 | 178 | 227 | 288 | |||
| Nontrade receivables | 52 | ||||||||
| Property, plant and equipment | 42 | 57 | 80 | 90 | 114 | 152 | |||
| Intangible assets, net (including goodwill) | 1 | 11 | 12 | 14 | 18 | 27 | |||
| Intangible assets, net (excluding goodwill) | 1 | 11 | 12 | 14 | 18 | 27 | |||
| Restricted cash and investments | 2 | 4 | 5 | 14 | 8 | 8 | |||
| Deferred costs | 6 | 5 | |||||||
| Deferred income tax assets | 24 | 21 | 17 | 25 | 34 | 38 | |||
| Other undisclosed noncurrent assets | 19 | 22 | 22 | 26 | 23 | 22 | |||
| Total noncurrent assets: | 209 | 267 | 293 | 346 | 488 | 545 | |||
| TOTAL ASSETS: | 764 | 978 | 1,238 | 1,369 | 1,479 | 1,605 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 257 | 261 | 334 | 435 | 401 | 383 | |||
| Taxes payable | ✕ | ✕ | ✕ | ✕ | 47 | 54 | 55 | ||
| Employee-related liabilities | ✕ | ✕ | ✕ | ✕ | 74 | 78 | 52 | ||
| Accounts payable | 158 | 147 | 191 | 230 | 178 | 172 | |||
| Accrued liabilities | 100 | 114 | 143 | 85 | 90 | 105 | |||
| Deferred revenue | 30 | 38 | 42 | 41 | 51 | 81 | |||
| Debt | 2 | 0 | 0 | 1 | 42 | 26 | |||
| Other undisclosed current liabilities | 37 | 44 | 50 | 59 | 65 | 69 | |||
| Total current liabilities: | 327 | 342 | 426 | 536 | 559 | 559 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 163 | 207 | 216 | 141 | 186 | 179 | |||
| Long-term debt, excluding current maturities | 166 | 212 | 223 | 150 | 210 | 177 | |||
| Finance lease, liability | 1 | 1 | |||||||
| Other undisclosed long-term debt and lease obligation | (3) | (5) | (7) | (183) | (256) | (289) | |||
| Liabilities, other than long-term debt | 138 | 177 | 193 | 52 | 63 | 74 | |||
| Accounts payable and accrued liabilities | 5 | 20 | 23 | 20 | 20 | 31 | |||
| Deferred income tax liabilities | 1 | 1 | 1 | 1 | 0 | 2 | |||
| Other liabilities | 17 | 18 | 20 | 31 | 43 | 41 | |||
| Operating lease, liability | 114 | 138 | 150 | 175 | 231 | 289 | |||
| Other undisclosed noncurrent liabilities | 175 | 231 | 289 | ||||||
| Total noncurrent liabilities: | 300 | 384 | 409 | 368 | 480 | 542 | |||
| Total liabilities: | 627 | 726 | 835 | 903 | 1,038 | 1,101 | |||
| Equity | |||||||||
| Equity, attributable to parent | 149 | 254 | 406 | 463 | 439 | 503 | |||
| Common stock | 1 | 1 | 1 | 1 | 1 | 1 | |||
| Additional paid in capital | 315 | 312 | 306 | 301 | 294 | 283 | |||
| Accumulated other comprehensive loss | (83) | (76) | (76) | (67) | (59) | (81) | |||
| Retained earnings (accumulated deficit) | (84) | 18 | 175 | 229 | 204 | 300 | |||
| Equity, attributable to noncontrolling interest | (12) | (2) | (3) | 2 | 1 | 1 | |||
| Total equity: | 137 | 252 | 403 | 465 | 440 | 504 | |||
| TOTAL LIABILITIES AND EQUITY: | 764 | 978 | 1,238 | 1,369 | 1,479 | 1,605 | |||
Income Statement (P&L) ($ in millions)
| 3/31/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,145 | 1,412 | 1,682 | 1,870 | 1,613 | 2,218 | ||
| Cost of revenue (Cost of Product and Service Sold) | (548) | (733) | (852) | (904) | (843) | (1,118) | ||
| Gross profit: | 597 | 680 | 831 | 966 | 770 | 1,099 | ||
| Operating expenses | (701) | (823) | (832) | (874) | (906) | (1,128) | ||
| Operating income (loss): | (104) | (143) | (1) | 93 | (135) | (28) | ||
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | 5 | 9 | (1) | (15) | (5) | 27 | ||
| Interest and debt expense | (19) | (22) | (19) | (25) | (32) | (30) | ||
| Income (loss) from continuing operations before income taxes: | (118) | (156) | (22) | 53 | (172) | (31) | ||
| Income tax expense (benefit) | 12 | (1) | (21) | (26) | 76 | (19) | ||
| Income (loss) from continuing operations: | (106) | (157) | (44) | 27 | (96) | (50) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 27 | (96) | (50) | |
| Net income (loss): | (106) | (157) | (44) | 27 | (96) | (50) | ||
| Net income (loss) attributable to noncontrolling interest | 4 | (0) | (1) | (1) | (0) | (2) | ||
| Net income (loss) available to common stockholders, diluted: | (103) | (157) | (44) | 25 | (96) | (52) | ||
Comprehensive Income ($ in millions)
| 3/31/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (106) | (157) | (44) | 27 | (96) | (50) | ||
| Other comprehensive income (loss) | (6) | (0) | (9) | (8) | 22 | (16) | ||
| Comprehensive income (loss): | (112) | (157) | (53) | 18 | (74) | (66) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 4 | (0) | (1) | (1) | (0) | (2) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (109) | (157) | (53) | 17 | (74) | (68) | ||
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.