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
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments27,9828,68233,34530,64135,96342,67563,537
Cash and cash equivalents27,9828,68233,34530,64135,96342,67563,537
Receivables175,076169,223122,244131,251170,037180,289113,827
Inventory, net of allowances, customer advances and progress billings270,516256,922218,184210,265203,164209,825168,928
Inventory270,516256,922218,184210,265203,164209,825168,928
Other undisclosed current assets11,4998,9919,14010,12812,1299,61912,249
Total current assets:485,073443,818382,913382,285421,293442,408358,541
Noncurrent Assets
Operating lease, right-of-use asset86,48789,21192,51794,80496,54398,12699,883
Property, plant and equipment20,74821,62922,54422,16823,12023,83925,100
Long-term investments and receivables22,29522,14423,77821,13520,03217,73417,020
Long-term investments22,29522,14423,77821,13520,03217,73417,020
Intangible assets, net (including goodwill), including:212,678231,014235,762239,927244,025247,180250,515
Goodwill30,27130,27130,27130,27130,27130,27130,271
Intangible assets, net (excluding goodwill)182,407(100,422)(96,997)(92,584)213,754(82,220)(76,966)
Other undisclosed intangible assets, net (including goodwill) 301,165302,488302,240 299,129297,210
Other noncurrent assets1,7931,9912,0482,1092,4682,5592,743
Total noncurrent assets:344,001365,989376,649380,143386,188389,438395,261
TOTAL ASSETS:829,074809,807759,562762,428807,481831,846753,802
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities195,918171,325133,459142,143150,933192,198128,792
Accounts payable82,57360,59455,39260,57066,095109,50966,678
Accrued liabilities112,741108,57978,06774,62580,05081,16762,114
Taxes payable6042,152 6,9484,7881,522 
Debt5,7718,54911,53011,56917,65718,52213,527
Other undisclosed current liabilities12,61212,39712,30012,14111,48011,32910,660
Total current liabilities:214,301192,271157,289165,853180,070222,049152,979
Noncurrent Liabilities
Long-term debt and lease obligation332,697334,307333,021335,317368,634367,564375,915
Long-term debt, excluding current maturities241,873240,329235,377234,968266,279263,381269,720
Operating lease, liability90,82493,97897,644100,349102,355104,183106,195
Liabilities, other than long-term debt26,43027,25427,45127,85228,64130,44030,037
Accounts payable and accrued liabilities1,4721,4441,4441,4441,4441,2171,217
Deferred income tax liabilities12,84211,03110,83310,71410,71412,82912,661
Other liabilities12,11614,77915,17415,69416,48316,39416,159
Total noncurrent liabilities:359,127361,561360,472363,169397,275398,004405,952
Total liabilities:573,428553,832517,761529,022577,345620,053558,931
Stockholders' equity
Stockholders' equity attributable to parent255,646255,975241,801233,406230,136211,793194,871
Common stock220220220220218218218
Additional paid in capital271,556270,309268,976268,127268,666267,200265,630
Accumulated other comprehensive loss(33,549)(33,553)(34,818)(37,489)(39,172)(41,783)(44,164)
Retained earnings (accumulated deficit)17,41918,9997,4232,548424(13,842)(26,813)
Total stockholders' equity:255,646255,975241,801233,406230,136211,793194,871
TOTAL LIABILITIES AND EQUITY:829,074809,807759,562762,428807,481831,846753,802

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

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues255,858224,777186,636195,653249,209224,750150,140
Cost of revenue
(Cost of Goods and Services Sold)
(167,815)(141,662)(120,475)(129,653)(161,105)(145,958)(95,972)
Gross profit:88,04383,11566,16166,00088,10478,79254,168
Operating expenses(54,826)(42,542)(36,229)(38,108)(41,556)(38,325)(34,680)
Other undisclosed operating loss(24,302)(18,893)(18,931)(18,646)(22,135)(18,961)(15,192)
Operating income:8,91521,68011,0019,24624,41321,5064,296
Interest and debt expense(3,856)(3,835)(3,819)(4,014)(4,183)(4,128)(4,230)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes3981204649817299(164)
Income (loss) from continuing operations before equity method investments, income taxes:5,45717,9657,2285,73020,40217,477(98)
Income (loss) from equity method investments621195393(247)1,672147(848)
Income (loss) from continuing operations before income taxes:6,07818,1607,6215,48322,07417,624(946)
Income tax expense(6,704)(5,589)(1,832)(2,416)(6,853)(3,711)(3,031)
Net income (loss) available to common stockholders, diluted:(626)12,5715,7893,06715,22113,913(3,977)

Comprehensive Income ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net income (loss):(626)12,5715,7893,06715,22113,913(3,977)
Other comprehensive income (loss)41,2652,6711,6832,6112,381(2,394)
Comprehensive income (loss), net of tax, attributable to parent:(622)13,8368,4604,75017,83216,294(6,371)

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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