Lifetime Brands Inc. (LCUT) Financial Statements (2025 and earlier)

Company Profile

Business Address 1000 STEWART AVENUE
GARDEN CITY, NY 11530
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 342 - Cutlery, Handtools, And General Hardware (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

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 investments2,92916,18923,59827,98235,96311,370
Cash and cash equivalent2,92916,18923,59827,98235,96311,370
Receivables156,743155,180141,195175,076170,037130,216
Inventory, net of allowances, customer advances and progress billings202,408188,647222,209270,516203,164173,427
Inventory202,408188,647222,209270,516203,164173,427
Other undisclosed current assets11,48816,33913,25411,49912,12914,140
Total current assets:373,568376,355400,256485,073421,293329,153
Noncurrent Assets
Operating lease, right-of-use asset59,57169,75674,86986,48796,543106,871
Property, plant and equipment15,04916,97018,02220,74823,12028,168
Long-term investments and receivables  1,82612,51622,29520,03221,289
Long-term investments  1,82612,51622,29520,03221,289
Intangible assets, net (including goodwill)183,527199,133213,887212,678244,025280,471
Goodwill33,23733,23733,23730,27130,27149,371
Intangible assets, net (excluding goodwill)150,290165,896180,650182,407213,754231,100
Other undisclosed intangible assets, net (including goodwill)      
Other noncurrent assets2,5953,1026,3381,7932,4684,071
Total noncurrent assets:260,742290,787325,632344,001386,188440,870
TOTAL ASSETS:634,310667,142725,888829,074807,481770,023
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities130,877132,510115,654195,918150,93388,233
Taxes payable6044,788 
Accounts payable60,02954,15438,05282,57366,09536,173
Accrued liabilities70,84878,35677,602112,74180,05052,060
Debt4,8914,742 5,77117,65719,074
Other undisclosed current liabilities15,97514,71614,25212,61211,480 
Total current liabilities:151,743151,968129,906214,301180,070107,307
Noncurrent Liabilities
Long-term debt and lease obligation173,642196,229253,281332,697368,634399,283
Long-term debt, excluding current maturities173,642196,229253,281241,873266,279287,103
Liabilities, other than long-term debt79,00288,066102,61326,43028,64127,116
Accounts payable and accrued liabilities7061,4931,5911,4721,4441,217
Deferred income tax liabilities5,6017,4389,60712,84210,71413,685
Other liabilities15,9559,12614,99512,11616,48312,214
Operating lease, liability56,74070,00976,42090,824102,355112,180
Total noncurrent liabilities:252,644284,295355,894359,127397,275426,399
Total liabilities:404,387436,263485,800573,428577,345533,706
Equity
Equity, attributable to parent229,923230,879240,088255,646230,136236,317
Common stock222218218220218213
Additional paid in capital280,566277,728274,579271,556268,666263,386
Accumulated other comprehensive loss(18,315)(33,499)(35,854)(33,549)(39,172)(34,455)
Retained earnings (accumulated deficit)(32,550)(13,568)1,14517,4194247,173
Total equity:229,923230,879240,088255,646230,136236,317
TOTAL LIABILITIES AND EQUITY:634,310667,142725,888829,074807,481770,023

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

3/31/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Revenues682,952686,683727,662862,924769,169734,902
Cost of revenue
(Cost of Product and Service Sold)
(422,249)(432,044)(467,346)(559,605)(495,171)(479,711)
Gross profit:260,703254,639260,316303,319273,998255,191
Operating expenses(159,809)(153,504)(161,105)(171,705)(176,183)(206,043)
Other undisclosed operating loss(73,810)(69,194)(74,948)(80,772)(72,845)(72,543)
Operating income (loss):27,08431,94124,26350,84224,970(23,395)
Interest and debt expense  (21,728)(17,205)(15,524)(17,277)(20,378)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(36,826)2621,9711,062(2,144) 
Income (loss) from continuing operations before equity method investments, income taxes:(9,742)10,4759,02936,3805,549(43,773)
Income (loss) from equity method investments (2,092)(12,665)(9,467)9621,310467
Income (loss) from continuing operations before income taxes:(11,834)(2,190)(438)37,3426,859(43,306)
Income tax expense(3,331)(6,222)(5,728)(16,541)(9,866)(1,109)
Income (loss) from continuing operations:(15,165)(8,412)(6,166)20,801(3,007)(44,415)
Income (loss) before gain (loss) on sale of properties:20,801(3,007)(44,415)
Net income (loss) available to common stockholders, diluted:(15,165)(8,412)(6,166)20,801(3,007)(44,415)

Comprehensive Income ($ in thousands)

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):(15,165)(8,412)(6,166)20,801(3,007)(44,415)
Other comprehensive income (loss)15,1842,355(2,305)5,623(4,717)161
Comprehensive income (loss), net of tax, attributable to parent:19(6,057)(8,471)26,424(7,724)(44,254)

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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