Inter Parfums, Inc. (IPAR) Financial Statements (2024 and earlier)

Company Profile

Business Address 551 FIFTH AVE
NEW YORK, NY 10176
State of Incorp. DE
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)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments186,760237,757255,546176,720195,877265,236
Cash and cash equivalents74,311149,055104,71341,27752,235110,122
Short-term investments112,44988,702150,833135,443143,642155,114
Receivables251,670269,798226,544228,373200,211218,962
Inventory, net of allowances, customer advances and progress billings360,018323,700289,984283,237265,835227,108
Inventory360,018323,700289,984283,237265,835227,108
Other current assets24,99320,34615,65019,31018,30423,161
Total current assets:823,441851,601787,724707,640680,227734,467
Noncurrent Assets
Operating lease, right-of-use asset28,00526,90127,96427,83429,79231,510
Property, plant and equipment168,264169,036166,722153,246162,447157,729
Intangible assets, net (including goodwill)292,319294,300290,853189,273196,211208,960
Intangible assets, net (excluding goodwill)292,319294,300290,853189,273196,211208,960
Deferred income tax assets14,33312,54311,15910,3449,8367,664
Other noncurrent assets25,30225,82524,12022,85723,93921,878
Total noncurrent assets:528,223528,605520,818403,554422,225427,741
TOTAL ASSETS:1,351,6641,380,2061,308,5421,111,1941,102,4521,162,208
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities285,076283,358302,009231,069217,307231,212
Taxes payable16,82011,83713,920
Accounts payable91,04093,05388,38881,41583,40972,568
Accrued liabilities194,036190,305213,621132,834122,061144,724
Debt29,08029,09228,54712,59313,34214,377
Other undisclosed current liabilities27,51849,71914,0114,8524,8504,640
Total current liabilities:341,674362,169344,567248,514235,499250,229
Noncurrent Liabilities
Long-term debt and lease obligation138,565145,128151,494132,532143,948153,738
Long-term debt, excluding current maturities138,565145,128151,494107,942117,354125,164
Liabilities, other than long-term debt24,49123,30224,335   
Operating lease, liability24,49123,30224,33524,59026,59428,574
Other undisclosed noncurrent liabilities    (24,590)(26,594)(28,574)
Total noncurrent liabilities:163,056168,430175,829132,532143,948153,738
Total liabilities:504,730530,599520,396381,046379,447403,967
Equity
Equity, attributable to parent668,201658,406616,782574,696569,814584,559
Common stock323232323232
Treasury stock, value(48,764)(43,055)(37,475)(37,475)(37,475)(37,475)
Additional paid in capital95,98495,42990,18685,66084,31688,181
Accumulated other comprehensive loss(48,739)(48,440)(56,056)(92,405)(70,426)(46,273)
Retained earnings669,688654,440620,095618,884593,367580,094
Equity, attributable to noncontrolling interest178,733191,201171,364155,452153,191173,682
Total equity:846,934849,607788,146730,148723,005758,241
TOTAL LIABILITIES AND EQUITY:1,351,6641,380,2061,308,5421,111,1941,102,4521,162,208

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues309,244311,723310,835280,462244,725250,678
Cost of revenue
(Cost of Goods and Services Sold)
(120,840)(108,766)(110,706)(98,562)(90,943)(92,020)
Other undisclosed gross profit   (47)   
Gross profit:188,404202,957200,082181,900153,782158,658
Operating expenses(133,383)(112,678)(176,870)(117,424)(108,385)(97,441)
Operating income:55,02190,27923,21264,47645,39761,217
Nonoperating income (expense)4542,307(2,178)2,042486
Investment income, nonoperating1,977  3,343464(1,466)
Gain (loss), foreign currency transaction, before tax746(759) (273)2792,239
Other nonoperating income (expense)741 (346)328116
Interest and debt expense(2,276)(2,357)(1,010)(682)(1,023)(883)
Other undisclosed income from continuing operations before equity method investments, income taxes2,2762,3571,0096821,023883
Income from continuing operations before equity method investments, income taxes:55,47592,58621,03366,51845,44561,223
Income from equity method investments      116
Income from continuing operations before income taxes:55,47592,58621,03366,51845,44561,339
Income tax expense(12,957)(21,678)(4,104)(13,221)(10,925)(14,932)
Income from continuing operations:42,51870,90816,92953,29734,52046,407
Income before gain (loss) on sale of properties:53,29734,52046,407
Other undisclosed net loss      (116)
Net income:42,51870,90816,92953,29734,52046,291
Net loss attributable to noncontrolling interest(7,566)(16,840)(330)(11,874)(6,903)(10,992)
Net income available to common stockholders, diluted:34,95254,06816,59941,42327,61735,299

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:42,51870,90816,92953,29734,52046,291
Other undisclosed comprehensive income (loss)(531)11,03251,861(31,629)(35,379)(11,188)
Comprehensive income (loss):41,98781,94068,79021,668(859)35,103
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(7,334)(20,256)(15,842)(2,224)4,323(7,645)
Comprehensive income, net of tax, attributable to parent:34,65361,68452,94819,4443,46427,458

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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