L Brands, Inc. (LB) financial statements (2021 and earlier)

Company profile

Business Address THREE LIMITED PKWY
COLUMBUS, OH 43216
State of Incorp. DE
Fiscal Year End January 31
SIC 5621 - Women's Clothing Stores (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

1/31/2021
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
1/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,9031,4991,4131,5151,9342,5481,681
Cash and cash equivalents3,9031,4991,4131,5151,9342,5481,681
Receivables269306367310294261252
Inventory, net of allowances, customer advances and progress billings1,2731,2871,2481,2401,0961,1221,036
Inventory1,2731,2871,2481,2401,0961,1221,036
Other current assets134153232228141225230
Other undisclosed current assets      33
Total current assets:5,5793,2453,2603,2933,4654,1563,232
Noncurrent Assets
Finance lease, right-of-use asset 21
Operating lease, right-of-use asset2,5583,053
Property, plant and equipment2,0952,4862,8182,8932,7412,3302,277
Intangible assets, net (including goodwill)1,0391,0391,7591,7591,7591,7291,729
Goodwill6286281,3481,3481,3481,3181,318
Intangible assets, net (excluding goodwill)411411411411411411411
Deferred income tax assets69 
Other noncurrent assets231218191190186248306
Deferred tax assets, net62141930 
Other undisclosed noncurrent assets 63     
Total noncurrent assets:5,9926,8804,8304,8564,7054,3374,312
TOTAL ASSETS:11,57110,1258,0908,1498,1708,4937,544
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,2321,8331,9141,9441,9781,8692,076
Accounts payable683647711717683668613
Accrued liabilities1,4571,0521,0821,029997977900
Employee-related liabilities      244
Taxes payable92134121198298224237
Interest and dividends payable      82
Debt12617287366 
Other undisclosed current liabilities582478    (397)
Total current liabilities:2,8262,3721,9862,0312,0141,8751,679
Noncurrent Liabilities
Long-term debt and lease obligation8,8618,5525,7395,7075,7005,7154,765
Long-term debt, excluding current maturities6,3665,4875,7395,7075,7005,7154,765
Finance lease, liability 13
Operating lease, liability2,4953,052
Liabilities, other than long-term debt5454901,2301,1621,1831,1611,223
Deferred revenue and credits   142
Deferred tax liabilities, net226238352257261
Deferred income tax liabilities234 
Other liabilities3114901,004924831904820
Other undisclosed noncurrent liabilities 206    (142)
Total noncurrent liabilities:9,4069,2486,9696,8696,8836,8765,846
Total liabilities:12,23211,6208,9558,9008,8978,7517,525
Stockholders' equity
Stockholders' equity attributable to parent(662)(1,499)(869)(753)(729)(259)18
Common stock143142141141157156155
Treasury stock, value(358)(358)(358)(162)(1,753)(1,315)(832)
Additional paid in capital891847771678650545427
Accumulated other comprehensive income83525924124035
Retained earnings (accumulated deficit)(1,421)(2,182)(1,482)(1,434)205315233
Stockholders' equity attributable to noncontrolling interest1442211
Total stockholders' equity:(661)(1,495)(865)(751)(727)(258)19
TOTAL LIABILITIES AND EQUITY:11,57110,1258,0908,1498,1708,4937,544

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

1/31/2021
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
1/31/2015
Revenues11,84712,91413,23712,63212,57412,15411,454
Revenue, net13,23712,63212,57412,15411,454
Cost of revenue
(Cost of Goods and Services Sold)
(7,180)(8,464)(8,338)(7,673)(7,449)(6,950)(6,646)
Gross profit:4,6674,4504,8994,9595,1255,2044,808
Operating expenses(3,087)(4,192)(3,563)(3,231)(3,122)(3,012)(3,293)
Other undisclosed operating income (loss)  (99)   438
Operating income:1,5802581,2371,7282,0032,1921,953
Nonoperating income (expense)(50)(61)(94)(10)91767
Investment income, nonoperating  (99) 4  
Other nonoperating income (expense)(50)(61)5(10)87767
Interest and debt expense(438)(418)(385)(451)(430)(334)(324)
Income (loss) from continuing operations before equity method investments, income taxes:1,092(221)7581,2671,6641,9341,636
Other undisclosed income from continuing operations before income taxes 40994532  
Income (loss) from continuing operations before income taxes:1,092(181)8571,3121,6961,9341,636
Income tax expense(248)(185)(213)(329)(538)(681)(594)
Net income (loss) available to common stockholders, diluted:844(366)6449831,1581,2531,042

Comprehensive Income ($ in millions)

1/31/2021
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
1/31/2015
Net income (loss):844(366)6449831,1581,2531,042
Other comprehensive income (loss)31(7)3712(28)5(5)
Comprehensive income (loss), net of tax, attributable to parent:875(373)6819951,1301,2581,037

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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