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
Q4
10/31/2020
Q3
7/31/2020
Q2
4/30/2020
Q1
1/31/2020
Q4
10/31/2019
Q3
7/31/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments224163170188186116135
Cash and cash equivalents224163170188186116135
Receivables10210460507813694
Inventory, net of allowances, customer advances and progress billings153177173178171201201
Inventory153177173178171201201
Other current assets23283027293132
Total current assets:502472434442465484462
Noncurrent Assets
Operating lease, right-of-use asset767882869088 
Property, plant and equipment22242627292928
Intangible assets, net (including goodwill)17171818179179220
Goodwill    136135132
Intangible assets, net (excluding goodwill)17171818424488
Deferred income tax assets43556067   
Other noncurrent assets60566057605859
Other undisclosed noncurrent assets    252872
Total noncurrent assets:218230246255383383379
TOTAL ASSETS:719702680698847867841
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities112119957994123112
Accounts payable28363019353450
Accrued liabilities51604639446244
Employee-related liabilities1813127697
Taxes payable141171381711
Debt0  151515 
Other undisclosed current liabilities161415   15
Total current liabilities:12813310994109137127
Noncurrent Liabilities
Long-term debt and lease obligation9010912416113413250
Long-term debt, excluding current maturities21374883525150
Finance lease, liability0   00 
Operating lease, liability687275788281 
Liabilities, other than long-term debt50454845484850
Other liabilities50454845484850
Other undisclosed noncurrent liabilities222121252526110
Total noncurrent liabilities:162175193231208206210
Total liabilities:289308302324317343337
Temporary equity, carrying amount3333334
Stockholders' equity
Stockholders' equity attributable to parent, including:425389374370527521500
Treasury stock, value(223)(223)(223)(223)(223)(223)(223)
Additional paid in capital214213212210208207205
Accumulated other comprehensive income93868677858074
Retained earnings342314299305455457443
Other undisclosed stockholders' equity attributable to parent0000000
Stockholders' equity attributable to noncontrolling interest21111  
Total stockholders' equity:427391375371527521500
TOTAL LIABILITIES AND EQUITY:719702680698847867841

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

1/31/2021
Q4
10/31/2020
Q3
7/31/2020
Q2
4/30/2020
Q1
1/31/2020
Q4
10/31/2019
Q3
7/31/2019
Q2
Revenues(4)1708970191206158
Cost of revenue
(Cost of Goods and Services Sold)
(0)(77)(43)(38)(90)(96)(72)
Gross profit:(4)92453210111085
Operating expenses(175)(69)(54)(214)(94)(87)(77)
Operating income (loss):(179)23(9)(182)7239
Nonoperating income0000000
Investment income, nonoperating 000000
Interest and debt expense(1)(1)(1)(0)(0)(0)(0)
Income (loss) from continuing operations before equity method investments, income taxes:(179)22(9)(182)6229
Other undisclosed income (loss) from continuing operations before income taxes(12) 1 2 14
Income (loss) from continuing operations before income taxes:(192)22(8)(182)82222
Income tax expense (benefit)42(8)232(5)(5)(5)
Net income (loss):(150)15(7)(150)41717
Net income (loss) attributable to noncontrolling interest(1)(0)00(0)00
Net income (loss) available to common stockholders, diluted:(151)15(7)(150)41818

Comprehensive Income ($ in millions)

1/31/2021
Q4
10/31/2020
Q3
7/31/2020
Q2
4/30/2020
Q1
1/31/2020
Q4
10/31/2019
Q3
7/31/2019
Q2
Net income (loss):(150)15(7)(150)41717
Other comprehensive income (loss)8(0)9(8)56(2)
Comprehensive income (loss):(142)152(158)92315
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1)(0)(0)0000
Comprehensive income (loss), net of tax, attributable to parent:(143)152(158)92315

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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