The Lovesac Company (LOVE) financial statements (2021 and earlier)

Company profile

Business Address TWO LANDMARK SQUARE, SUITE 300
STAMFORD, CT 06901
State of Incorp. DE
Fiscal Year End January 31
SIC 5712 - Furniture Stores (benchmarking)
More info Complete financial analysis Financial benchmarking

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

10/31/2019
Q3
7/31/2019
Q2
4/30/2019
Q1
1/31/2019
Q4
10/31/2018
Q3
7/31/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments284436494548
Cash and cash equivalents284436494548
Receivables965434
Inventory, net of allowances, customer advances and progress billings0102611
Inventory0102611
Prepaid expense976666
Other undisclosed current assets504031 2420
Total current assets:959778857878
Noncurrent Assets
Property, plant and equipment222019191716
Other noncurrent assets211111
Total noncurrent assets:232221201817
TOTAL ASSETS:119119991059795
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities282626242319
Accounts payable191820171715
Accrued liabilities553432
Employee-related liabilities323221
Taxes payable111111
Other undisclosed current liabilities321132
Total current liabilities:322727252522
Noncurrent Liabilities
Long-term debt and lease obligation   0  
Long-term debt, excluding current maturities   0  
Liabilities, other than long-term debt222211
Deferred rent credit222211
Total noncurrent liabilities:222211
Total liabilities:342929262723
Stockholders' equity
Stockholders' equity attributable to parent849170797072
Common stock000000
Additional paid in capital168167142142142141
Accumulated deficit(84)(77)(72)(63)(71)(69)
Total stockholders' equity:849170797072
TOTAL LIABILITIES AND EQUITY:119119991059795

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

10/31/2019
Q3
7/31/2019
Q2
4/30/2019
Q1
1/31/2019
Q4
10/31/2018
Q3
7/31/2018
Q2
Revenues524841644233
Cost of revenue
(Cost of Goods and Services Sold)
(26)(24)(20)(29)(19)(15)
Gross profit:262421362318
Operating expenses(33)(29)(30)(27)(26)(25)
Operating income (loss):(7)(5)(9)8(3)(7)
Interest and debt expense  (0)(0) (0)
Other undisclosed income from continuing operations before equity method investments, income taxes00000 
Income (loss) from continuing operations before income taxes:(7)(5)(9)8(2)(7)
Income tax expense (benefit)(0)0(0)  (0)
Other undisclosed loss from continuing operations   (0)  
Net income (loss) attributable to parent:(7)(5)(9)8(2)(7)
Preferred stock dividends and other adjustments    027
Other undisclosed net loss available to common stockholders, basic    (1)(53)
Net income (loss) available to common stockholders, diluted:(7)(5)(9)8(3)(34)

Comprehensive Income ($ in millions)

10/31/2019
Q3
7/31/2019
Q2
4/30/2019
Q1
1/31/2019
Q4
10/31/2018
Q3
7/31/2018
Q2
Net income (loss):(7)(5)(9)8(2)(7)
Comprehensive income (loss), net of tax, attributable to parent:(7)(5)(9)8(2)(7)

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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