Lifetime Brands, Inc. (LCUT) financial statements (2022 and earlier)

Company profile

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

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments27,98235,96311,3707,6477,6007,8837,131
Cash and cash equivalents27,98235,96311,3707,6477,6007,8837,131
Receivables175,076170,037130,216126,734108,033104,55690,576
Inventory, net of allowances, customer advances and progress billings270,516203,164173,427173,601132,436135,212136,890
Inventory270,516203,164173,427173,601132,436135,212136,890
Other undisclosed current assets11,49912,12914,14010,82210,3548,7968,783
Total current assets:485,073421,293329,153318,804258,423256,447243,380
Noncurrent Assets
Operating lease, right-of-use asset86,48796,543106,871
Property, plant and equipment20,74823,12028,16825,76223,06521,13124,877
Long-term investments and receivables22,29520,03221,28922,58223,97822,71224,973
Long-term investments22,29520,03221,28922,58223,97822,71224,973
Intangible assets, net (including goodwill)212,678244,025280,471338,84788,47989,21996,593
Goodwill30,27130,27149,37191,69015,77214,20118,101
Intangible assets, net (excluding goodwill)182,407213,754231,100247,15772,70775,01878,492
Other noncurrent assets1,7932,4684,0711,8441,7501,8862,643
Other undisclosed noncurrent assets   7335,8268,4596,486
Total noncurrent assets:344,001386,188440,870389,768143,098143,407155,572
TOTAL ASSETS:829,074807,481770,023708,572401,521399,854398,952
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities195,918150,93388,23383,62371,44681,83071,463
Accounts payable82,57366,09536,17338,16725,46129,69827,245
Accrued liabilities112,74180,05052,06045,45644,12145,21240,154
Taxes payable6044,788  1,8646,9204,064
Debt5,77117,65719,0741,253699,45620,000
Other undisclosed current liabilities12,61211,480    252
Total current liabilities:214,301180,070107,30784,87671,51591,28691,715
Noncurrent Liabilities
Long-term debt and lease obligation332,697368,634399,283304,77494,74486,20180,617
Long-term debt, excluding current maturities241,873266,279287,103304,77494,74486,20180,617
Operating lease, liability90,824102,355112,180
Liabilities, other than long-term debt26,43028,64127,11639,42924,98324,63927,152
Accounts payable and accrued liabilities1,4721,4441,217949311  
Deferred tax liabilities, net15,1414,4235,6668,596
Deferred income tax liabilities12,84210,71413,685
Other liabilities12,11616,48312,21423,33920,24918,97318,556
Total noncurrent liabilities:359,127397,275426,399344,203119,727110,840107,769
Total liabilities:573,428577,345533,706429,079191,242202,126199,484
Stockholders' equity
Stockholders' equity attributable to parent255,646230,136236,317279,493210,279197,728199,468
Common stock220218213208149146140
Additional paid in capital271,556268,666263,386258,637178,909173,600165,780
Accumulated other comprehensive loss(33,549)(39,172)(34,455)(34,616)(29,325)(36,999)(14,185)
Retained earnings17,4194247,17355,26460,54660,98147,733
Total stockholders' equity:255,646230,136236,317279,493210,279197,728199,468
TOTAL LIABILITIES AND EQUITY:829,074807,481770,023708,572401,521399,854398,952

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues862,924769,169734,902704,542579,476592,619587,670
Revenue, net579,476592,619587,670
Cost of revenue
(Cost of Goods and Services Sold)
(559,605)(495,171)(479,711)(448,785)(364,319)(375,719)(373,284)
Gross profit:303,319273,998255,191255,757215,157216,900214,386
Operating expenses(171,705)(176,183)(206,043)(167,462)(141,927)(132,817)(135,340)
Other undisclosed operating loss(80,772)(72,845)(72,543)(69,716)(58,050)(57,006)(54,815)
Operating income (loss):50,84224,970(23,395)18,57915,18027,07724,231
Interest and debt expense(15,524)(17,277)(20,378)(18,070)(4,401)(5,075)(5,746)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes1,062(2,144)    (154)
Income (loss) from continuing operations before equity method investments, income taxes:36,3805,549(43,773)50910,77922,00218,331
Income from equity method investments9621,310467660407748574
Income (loss) from continuing operations before income taxes:37,3426,859(43,306)1,16911,18622,75018,905
Income tax expense(16,541)(9,866)(1,109)(2,889)(9,032)(7,030)(6,627)
Net income (loss) available to common stockholders, diluted:20,801(3,007)(44,415)(1,720)2,15415,72012,278

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):20,801(3,007)(44,415)(1,720)2,15415,72012,278
Other comprehensive income (loss)5,623(4,717)161(5,291)7,674(22,814)(4,263)
Comprehensive income (loss), net of tax, attributable to parent:26,424(7,724)(44,254)(7,011)9,828(7,094)8,015

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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