Avon Products, Inc. (AVP) financial statements (2022 and earlier)

Company profile

Business Address 1 AVON PLACE
SUFFERN, NY 10901
State of Incorp. NY
Fiscal Year End December 31
SIC 2844 - Perfumes, Cosmetics, and Other Toilet Preparations (benchmarking)
More info Complete financial analysis Financial benchmarking

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

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 investments252365651533882654689
Cash and cash equivalents252365651533882654687
Short-term investments      2
Receivables245259280350467471443
Inventory, net of allowances, customer advances and progress billings384459452542598586624
Inventory384459452542598586624
Prepaid expense54526058118124128
Disposal group, including discontinued operation 1 4 1291
Assets held-for-sale, not part of disposal group3142366   
Other undisclosed current assets146166195211169156166
Total current assets:1,0831,3151,6611,7622,2331,9922,341
Noncurrent Assets
Operating lease, right-of-use asset111153175
Property, plant and equipment9431,149475558703711767
Long-term investments and receivables47    3336
Long-term investments     3336
Due from related parties47      
Intangible assets, net (including goodwill)72838687969438
Goodwill72838687969492
Intangible assets, net (excluding goodwill)      (54)
Disposal group, including discontinued operation, noncurrent assets      180
Deferred income tax assets121136 
Other noncurrent assets509439528603666622499
Other undisclosed noncurrent assets(579)(710)161  (33)18
Total noncurrent assets:1,2241,2491,4261,2481,4651,4271,538
TOTAL ASSETS:2,3082,5643,0863,0103,6983,4193,880
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities8891,1391,2561,3691,3811,3101,375
Accounts payable523709723817832768774
Accrued liabilities273335411451406402420
Employee-related liabilities828911586130129158
Taxes payable125716131124
Debt3328212261855
Due to related parties3721,009     
Disposal group, including discontinued operation   11 11490
Other undisclosed current liabilities128119143104153147275
Total current liabilities:1,4222,2951,4011,4971,5601,4862,195
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,4126751,5901,5841,8691,8762,106
Long-term debt, excluding current maturities676 1,5901,5821,8721,8762,160
Finance lease, liability12 
Capital lease obligations3   
Operating lease, liability88  
Other undisclosed long-term debt and lease obligation648674  (3) (53)
Liabilities, other than long-term debt244342357337342449603
Accounts payable and accrued liabilities82101129136857965
Deferred tax liabilities, net 22 22
Deferred income tax liabilities32 
Liability, pension and other postretirement and postemployment benefits85133138128151165178
Disposal group, including discontinued operation, liabilities      260
Other liabilities7510691728420678
Other undisclosed noncurrent liabilities85119143(3)174 31
Total noncurrent liabilities:1,7411,1372,0911,9182,3852,3252,741
Total liabilities:3,1633,4323,4923,4153,9453,8104,936
Temporary equity, carrying amount  579492468445 
Stockholders' equity
Stockholders' equity attributable to parent(859)(872)(991)(905)(725)(848)(1,070)
Common stock  193190190189188
Treasury stock, value  (4,603)(4,602)(4,600)(4,600)(4,594)
Additional paid in capital6316232,3212,3042,2912,2742,254
Accumulated other comprehensive loss(1,086)(1,134)(1,040)(1,030)(926)(1,033)(1,366)
Retained earnings (accumulated deficit)(404)(361)2,1392,2342,3202,3222,448
Stockholders' equity attributable to noncontrolling interest4478101214
Total stockholders' equity:(855)(867)(984)(897)(715)(836)(1,056)
TOTAL LIABILITIES AND EQUITY:2,3082,5643,0863,0103,6983,4193,880

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues3,4053,6254,7635,5715,7165,7186,161
Revenue, net5,7165,7186,161
Cost of revenue(1,439)(1,595)(2,010)(2,364)(2,203)(2,257)(2,445)
Cost of goods and services sold(27)(38)(37)(114)(568)(526)(584)
Gross profit:1,9652,0312,7533,2073,5123,4613,715
Operating expenses(2,001)(2,153)(2,628)(2,972)(3,239)(3,139)(3,543)
Other undisclosed operating loss(22)     (7)
Operating income (loss):(58)(122)126235273322165
Nonoperating income (expense)(100)(181)13(127)(153)(291)(142)
Investment income, nonoperating22815151613
Other nonoperating income (expense)2(20)94(7)(27)(171)(74)
Interest and debt expense(0)(38)(12)(1)(141)1(6)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes 38121141(1)6
Income (loss) from continuing operations before equity method investments, income taxes:(159)(304)1381081213123
Other undisclosed income from continuing operations before income taxes0      
Income (loss) from continuing operations before income taxes:(159)(304)1381081213123
Income tax expense(16)(34)(103)(130)(101)(125)(819)
Income (loss) from continuing operations:(175)(338)35(22)20(93)(797)
Loss from discontinued operations(19)(28)(37)  (14)(349)
Net income (loss):(194)(366)(1)(22)20(107)(1,146)
Net income (loss) attributable to noncontrolling interest13122(0)(3)
Net income (loss) attributable to parent:(192)(363)(0)(20)22(108)(1,149)
Preferred stock dividends and other adjustments   (24)23(18) 
Net income (loss) available to common stockholders, diluted:(192)(363)(0)(44)45(126)(1,149)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(194)(366)(1)(22)20(107)(1,146)
Other comprehensive income (loss)50(94)(9)(104)108333(151)
Comprehensive income (loss):(143)(459)(11)(126)128225(1,296)
Comprehensive income, net of tax, attributable to noncontrolling interest1313222
Comprehensive income (loss), net of tax, attributable to parent:(143)(457)(10)(124)129227(1,295)

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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