Genesco Inc. (GCO) Financial Statements (2024 and earlier)

Company Profile

Business Address 535 MARRIOTT DRIVE
NASHVILLE, TN 37214
State of Incorp. TN
Fiscal Year End January 31
Industry (SIC) 5661 - Shoe Stores (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

10/31/2023
Q3
7/31/2023
Q2
4/30/2023
Q1
1/31/2023
Q4
10/31/2022
Q3
7/31/2022
Q2
4/30/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments37,41631,78647,99032,11344,939200,623
Cash and cash equivalents37,41631,78647,99032,11344,939200,623
Receivables50,35154,06840,81848,67042,78248,868
Inventory, net of allowances, customer advances and progress billings491,118470,763458,017563,490507,236401,479
Inventory491,118470,763458,017563,490507,236401,479
Other undisclosed current assets45,98342,32525,84437,57599,45574,609
Total current assets:624,868598,942572,669681,848694,412725,579
Noncurrent Assets
Operating lease, right-of-use asset476,715477,962470,991483,403491,412508,986
Property, plant and equipment244,090239,120233,733221,207220,742219,421
Intangible assets, net (including goodwill)37,66965,46665,55364,11166,02966,785
Goodwill9,71737,92838,12337,90338,52338,487
Intangible assets, net (excluding goodwill)27,95227,53827,43026,20827,50628,298
Prepaid expense   54,100   
Deferred income tax assets30,62328,72928,56312,1684,5194,269
Other noncurrent assets25,76630,52630,80621,93722,60623,402
Other undisclosed noncurrent assets55,02854,5671152,319  
Total noncurrent assets:869,891896,370883,757855,145805,308822,863
TOTAL ASSETS:1,494,7591,495,3121,456,4261,536,9931,499,7201,548,442
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities245,211219,806226,325305,597307,045327,106
Accounts payable166,504143,814144,998223,404226,779243,224
Accrued liabilities78,70775,99281,32782,19380,26683,882
Deferred revenue   6,000   
Debt   6,0003,484  
Other undisclosed current liabilities137,369131,830122,458136,294135,571137,770
Total current liabilities:382,580351,636360,783445,375442,616464,876
Noncurrent Liabilities
Long-term debt and lease obligation131,544118,15144,858499,000462,288445,318
Long-term debt, excluding current maturities131,544118,15144,85885,90448,87214,712
Liabilities, other than long-term debt447,616442,900443,81933,27534,28337,910
Other liabilities44,20343,52642,70633,27534,28337,910
Operating lease, liability403,413399,374401,113413,096413,416430,606
Total noncurrent liabilities:579,160561,051488,677532,275496,571483,228
Total liabilities:961,740912,687849,460977,650939,187948,104
Equity
Equity, attributable to parent533,019582,625606,966559,343560,533600,338
Preferred stock812812815817818818
Common stock11,99613,05213,08913,10113,55714,217
Treasury stock, value(17,857)(17,857)(17,857)(17,857)(17,857)(17,857)
Additional paid in capital313,019308,817305,260301,692298,010294,628
Accumulated other comprehensive loss(38,032)(40,737)(41,211)(46,331)(41,924)(40,225)
Retained earnings263,081318,538346,870307,921307,929348,757
Total equity:533,019582,625606,966559,343560,533600,338
TOTAL LIABILITIES AND EQUITY:1,494,7591,495,3121,456,4261,536,9931,499,7201,548,442

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

10/31/2023
Q3
7/31/2023
Q2
4/30/2023
Q1
1/31/2023
Q4
10/31/2022
Q3
7/31/2022
Q2
4/30/2022
Q1
Revenues523,027483,332690,464603,788535,332520,748
Cost of revenue
(Cost of Goods and Services Sold)
(273,507)(254,524)(379,659)(309,981)(281,018)(269,304)
Gross profit:249,520228,808310,805293,807254,314251,444
Operating expenses(287,973)(251,805)(298,947)(267,734)(245,103)(243,481)
Other undisclosed operating income (loss)(174) 9,199 (129)283
Operating income (loss):(38,627)(22,997)21,05726,0739,0828,246
Nonoperating expense(148)(92)(620)(50)(50)(98)
Investment income, nonoperating   (444)   
Net periodic defined benefits expense (reversal of expense), excluding service cost component(148)(92)(176)(50)(50)(98)
Interest and debt expense(2,383)(1,651)(545)   
Income (loss) from continuing operations before equity method investments, income taxes:(41,158)(24,740)19,89226,0239,0328,148
Other undisclosed loss from continuing operations before income taxes    (906)(405)(297)
Income (loss) from continuing operations before income taxes:(41,158)(24,740)19,89225,1178,6277,851
Income tax expense (benefit)9,5265,865(399)(4,693)(976)(2,882)
Income (loss) from continuing operations:(31,632)(18,875)19,49320,4247,6514,969
Income before gain (loss) on sale of properties:20,4247,6514,969
Net income (loss):(31,632)(18,875)19,49320,4247,6514,969
Other undisclosed net loss attributable to parent(33)(15)(288)(48)(8)(22)
Net income (loss) available to common stockholders, diluted:(31,665)(18,890)19,20520,3767,6434,947

Comprehensive Income ($ in thousands)

10/31/2023
Q3
7/31/2023
Q2
4/30/2023
Q1
1/31/2023
Q4
10/31/2022
Q3
7/31/2022
Q2
4/30/2022
Q1
Net income (loss):(31,632)(18,875)19,49320,4247,6514,969
Comprehensive income (loss):(31,632)(18,875)19,49320,4247,6514,969
Other undisclosed comprehensive income (loss), net of tax, attributable to parent2,672459(6,273)(4,455)(1,707)(3,839)
Comprehensive income (loss), net of tax, attributable to parent:(28,960)(18,416)13,22015,9695,9441,130

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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