Avon Products, Inc. (AVP) financial statements (2020 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)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 564 | 533 | 882 | 654 | 689 | 982 | 1,139 | ||
| Cash and cash equivalents | 564 | 533 | 882 | 654 | 687 | 961 | 1,108 | ||
| Short-term investments | 2 | 21 | 31 | ||||||
| Receivables | 303 | 350 | 467 | 471 | 443 | 564 | 676 | ||
| Inventory, net of allowances, customer advances and progress billings | 499 | 542 | 598 | 586 | 624 | 822 | 1,006 | ||
| Inventory | 499 | 542 | 598 | 586 | 624 | 822 | 1,006 | ||
| Prepaid expense | 63 | 58 | 118 | 124 | 128 | 154 | 192 | ||
| Health care trust fund, assets limited as to use | 1 | ||||||||
| Disposal group, including discontinued operation | 4 | 1 | 291 | ||||||
| Assets held-for-sale, not part of disposal group | 18 | 66 | ✕ | ✕ | |||||
| Other undisclosed current assets | 203 | 211 | 169 | 156 | 166 | 443 | 466 | ||
| Total current assets: | 1,650 | 1,762 | 2,233 | 1,992 | 2,341 | 2,965 | 3,479 | ||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset | 3 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Operating lease, right-of-use asset | 172 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 477 | 558 | 703 | 711 | 767 | 1,231 | 1,393 | ||
| Long-term investments and receivables, including: | 33 | 36 | 150 | 168 | |||||
| Long-term investments | 33 | 36 | 36 | 34 | |||||
| Other undisclosed long-term investments and receivables | 113 | 134 | |||||||
| Intangible assets, net (including goodwill) | 83 | 87 | 96 | 94 | 38 | 278 | 316 | ||
| Goodwill | 83 | 87 | 96 | 94 | 92 | 249 | 283 | ||
| Intangible assets, net (excluding goodwill) | (54) | 29 | 34 | ||||||
| Regulated entity, other noncurrent assets | 9 | ||||||||
| Restricted cash and investments | 8 | ||||||||
| Disposal group, including discontinued operation, noncurrent assets | 180 | ✕ | |||||||
| Other noncurrent assets | 514 | 603 | 666 | 622 | 499 | 1,052 | 1,304 | ||
| Other undisclosed noncurrent assets | 155 | (33) | 18 | (179) | (168) | ||||
| Total noncurrent assets: | 1,420 | 1,248 | 1,465 | 1,427 | 1,538 | 2,532 | 3,013 | ||
| TOTAL ASSETS: | 3,070 | 3,010 | 3,698 | 3,419 | 3,880 | 5,497 | 6,492 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 1,145 | 1,369 | 1,381 | 1,310 | 1,375 | 1,742 | 1,213 | ||
| Accounts payable | 642 | 817 | 832 | 768 | 774 | 895 | 897 | ||
| Accrued liabilities | 388 | 451 | 406 | 402 | 420 | 599 | |||
| Employee-related liabilities | 104 | 86 | 130 | 129 | 158 | 211 | 271 | ||
| Taxes payable | 10 | 16 | 13 | 11 | 24 | 37 | 45 | ||
| Debt | 116 | 12 | 26 | 18 | 55 | 137 | 188 | ||
| Disposal group, including discontinued operation | 11 | 11 | 490 | ||||||
| Deferred tax liabilities | ✕ | 0 | (1) | ||||||
| Other undisclosed current liabilities | 112 | 104 | 153 | 147 | 275 | 168 | 841 | ||
| Total current liabilities: | 1,373 | 1,497 | 1,560 | 1,486 | 2,195 | 2,047 | 2,241 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 1,731 | 1,584 | 1,869 | 1,876 | 2,106 | 2,400 | 2,461 | ||
| Long-term debt, excluding current maturities | 1,589 | 1,582 | 1,872 | 1,876 | 2,160 | 2,464 | 2,533 | ||
| Capital lease obligations | ✕ | 3 | 12 | 12 | |||||
| Operating lease, liability | 142 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other undisclosed long-term debt and lease obligation | (3) | (53) | (76) | (83) | |||||
| Liabilities, other than long-term debt | 330 | 337 | 342 | 449 | 603 | 713 | 559 | ||
| Pension and other postretirement defined benefit plans, liabilities | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 398 | ||
| Accounts payable and accrued liabilities | 127 | 136 | 85 | 79 | 65 | 78 | |||
| Accrued income taxes | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 53 | ||
| Deferred tax liabilities, net | ✕ | 22 | 22 | 33 | (33) | ||||
| Liability, pension and other postretirement and postemployment benefits | 128 | 128 | 151 | 165 | 178 | 502 | ✕ | ||
| Disposal group, including discontinued operation, liabilities | 260 | ||||||||
| Other liabilities | 75 | 72 | 84 | 206 | 78 | 101 | 140 | ||
| Other undisclosed noncurrent liabilities | (3) | 174 | 31 | 32 | 104 | ||||
| Total noncurrent liabilities: | 2,061 | 1,918 | 2,385 | 2,325 | 2,741 | 3,144 | 3,124 | ||
| Total liabilities: | 3,434 | 3,415 | 3,945 | 3,810 | 4,936 | 5,192 | 5,365 | ||
| Temporary equity, carrying amount | 511 | 492 | 468 | 445 | |||||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | (882) | (905) | (725) | (848) | (1,070) | 290 | 1,110 | ||
| Common stock | 190 | 190 | 190 | 189 | 188 | 188 | 189 | ||
| Treasury stock, value | (4,603) | (4,602) | (4,600) | (4,600) | (4,594) | (4,591) | (4,581) | ||
| Additional paid in capital | 2,311 | 2,304 | 2,291 | 2,274 | 2,254 | 2,208 | 2,176 | ||
| Accumulated other comprehensive loss | (1,050) | (1,030) | (926) | (1,033) | (1,366) | (1,218) | (870) | ||
| Retained earnings | 2,270 | 2,234 | 2,320 | 2,322 | 2,448 | 3,703 | 4,197 | ||
| Stockholders' equity attributable to noncontrolling interest | 7 | 8 | 10 | 12 | 14 | 16 | 17 | ||
| Total stockholders' equity: | (875) | (897) | (715) | (836) | (1,056) | 305 | 1,128 | ||
| TOTAL LIABILITIES AND EQUITY: | 3,070 | 3,010 | 3,698 | 3,419 | 3,880 | 5,497 | 6,492 | ||
Income statement (P&L) ($ in millions)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 4,951 | 5,571 | 5,716 | 5,718 | 6,161 | 8,851 | 9,955 | |
| Revenue, net | ✕ | ✕ | 5,716 | 5,718 | 6,161 | 8,851 | 9,955 | |
| Cost of revenue | (2,189) | (2,364) | (2,203) | (2,257) | (2,445) | (3,499) | (3,773) | |
| Cost of goods and services sold | (1,483) | (114) | (568) | (526) | (584) | (963) | (1,107) | |
| Gross profit: | 2,763 | 3,207 | 3,512 | 3,461 | 3,715 | 5,352 | 6,183 | |
| Operating expenses | (2,688) | (2,972) | (3,239) | (3,139) | (3,543) | (5,207) | (6,183) | |
| Other undisclosed operating income (loss) | (7) | 255 | 428 | |||||
| Operating income: | 75 | 235 | 273 | 322 | 165 | 400 | 427 | |
| Nonoperating income (expense) | 2 | (127) | (153) | (291) | (142) | (236) | (265) | |
| Investment income, nonoperating | 9 | 15 | 15 | 16 | 13 | 15 | 26 | |
| Foreign currency transaction loss, before tax | (42) | |||||||
| Other nonoperating income (expense) | 80 | (7) | (27) | (171) | (74) | (140) | (84) | |
| Interest and debt expense | (39) | (1) | (141) | 1 | (6) | (111) | (207) | |
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | 39 | 1 | 141 | (1) | 6 | 111 | 207 | |
| Income from continuing operations before income taxes: | 77 | 108 | 121 | 31 | 23 | 164 | 163 | |
| Income tax expense | (72) | (130) | (101) | (125) | (819) | (549) | (164) | |
| Income (loss) from continuing operations: | 6 | (22) | 20 | (93) | (797) | (385) | (1) | |
| Loss from discontinued operations | (29) | (14) | (349) | (51) | ||||
| Net income (loss): | (24) | (22) | 20 | (107) | (1,146) | (385) | (52) | |
| Net income (loss) attributable to noncontrolling interest | 1 | 2 | 2 | (0) | (3) | (4) | (5) | |
| Net income (loss) attributable to parent: | (23) | (20) | 22 | (108) | (1,149) | (389) | (56) | |
| Preferred stock dividends and other adjustments | (37) | (24) | 23 | (18) | ||||
| Net income (loss) available to common stockholders, diluted: | (60) | (44) | 45 | (126) | (1,149) | (389) | (56) | |
Comprehensive Income ($ in millions)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (24) | (22) | 20 | (107) | (1,146) | (385) | (52) | |
| Other comprehensive income (loss) | (34) | (104) | 108 | 333 | (151) | (348) | 5 | |
| Comprehensive income (loss): | (57) | (126) | 128 | 225 | (1,296) | (733) | (47) | |
| Comprehensive income, net of tax, attributable to noncontrolling interest | 0 | 3 | 2 | 2 | 2 | 2 | 1 | |
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (2) | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | (57) | (124) | 129 | 227 | (1,295) | (731) | (48) | |
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.