Movado Group Inc. (MOV) financial statements (2021 and earlier)

Company profile

Business Address 650 FROM ROAD
PARAMUS, NJ 07652
State of Incorp. NY
Fiscal Year End January 31
SIC 3873 - Watches, Clocks, Clockwork Operated Devices, and Parts (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 investments224186190215256228200
Cash and cash equivalents224186190215256228200
Receivables102788483677174
Inventory, net of allowances, customer advances and progress billings153171165152153162171
Inventory153171165152153162171
Prepaid expense      1
Other current assets23292932282741
Other undisclosed current assets      (1)
Total current assets:502465468482505489485
Noncurrent Assets
Operating lease, right-of-use asset7690
Property, plant and equipment22292625343947
Long-term investments and receivables    (2)(2)(1)
Accounts and financing receivable, after allowance for credit loss    (2)(2)(1)
Intangible assets, net (including goodwill)17179184838813
Goodwill 13613660   
Intangible assets, net (excluding goodwill)174248238813
Deferred income tax assets43 
Other noncurrent assets60605749443738
Other undisclosed noncurrent assets 2525619141
Total noncurrent assets:2183832921641039698
TOTAL ASSETS:719847760645608585583
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1129411375667359
Accounts payable28353924272728
Accrued liabilities51444433282926
Employee-related liabilities18619157115
Taxes payable14811346 
Debt015 2555 
Other undisclosed current liabilities16     7
Total current liabilities:128109113100717866
Noncurrent Liabilities
Long-term debt and lease obligation9013450 2535 
Long-term debt, excluding current maturities215250 2535 
Finance lease, liability00
Operating lease, liability6882
Liabilities, other than long-term debt50486742342829
Other liabilities50486742342829
Other undisclosed noncurrent liabilities22252933333
Total noncurrent liabilities:16220814775626633
Total liabilities:28931725917513414499
Temporary equity, carrying amount334    
Stockholders' equity
Stockholders' equity attributable to parent, including:425527497470474441482
Treasury stock, value(223)(223)(217)(209)(204)(199)(150)
Additional paid in capital214208202190185178175
Accumulated other comprehensive income938581100776999
Retained earnings342455431389416393358
Other undisclosed stockholders' equity attributable to parent0000000
Stockholders' equity attributable to noncontrolling interest21   12
Total stockholders' equity:427527497470474441484
TOTAL LIABILITIES AND EQUITY:719847760645608585583

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
Revenues506701680568553595587
Revenue, net568553595587
Cost of revenue
(Cost of Goods and Services Sold)
(236)(326)(310)(270)(258)(278)(286)
Other undisclosed gross profit      9
Gross profit:270375369298295317310
Operating expenses(413)(332)(307)(255)(241)(247)(251)
Other undisclosed operating income      12
Operating income (loss):(142)436243547071
Nonoperating income0000000
Investment income, nonoperating0000000
Other nonoperating income0      
Interest and debt expense(2)(1)(1)(2)(1)(1)(0)
Income (loss) from continuing operations before equity method investments, income taxes:(144)426242536971
Other undisclosed income (loss) from continuing operations before income taxes115  (1)  
Income (loss) from continuing operations before income taxes:(142)586242516971
Income tax expense (benefit)31(15)(0)(57)(16)(23)(19)
Net income (loss):(111)4262(15)354652
Net income (loss) attributable to noncontrolling interest(0)00 (0)(1)(0)
Net income (loss) available to common stockholders, diluted:(112)4362(15)354552

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):(111)4262(15)354652
Other comprehensive income (loss)75(20)240(0) 
Other undisclosed comprehensive income (loss)    8(30)(5)
Comprehensive income (loss):(104)47428431547
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1)00 (0)(1)0
Comprehensive income (loss), net of tax, attributable to parent:(105)47428431547

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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