Avon Products, Inc. (AVP) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments365651533882654689982
Cash and cash equivalents365651533882654687961
Short-term investments     221
Receivables259280350467471443564
Inventory, net of allowances, customer advances and progress billings459452542598586624822
Inventory459452542598586624822
Prepaid expense526058118124128154
Disposal group, including discontinued operation1 4 1291 
Assets held-for-sale, not part of disposal group142366   
Other undisclosed current assets166195211169156166443
Total current assets:1,3151,6611,7622,2331,9922,3412,965
Noncurrent Assets
Operating lease, right-of-use asset153175
Property, plant and equipment1,1494755587037117671,231
Long-term investments and receivables, including:    3336150
Long-term investments    333636
Other undisclosed long-term investments and receivables      113
Intangible assets, net (including goodwill)838687969438278
Goodwill838687969492249
Intangible assets, net (excluding goodwill)     (54)29
Disposal group, including discontinued operation, noncurrent assets     180 
Deferred income tax assets136 
Other noncurrent assets4395286036666224991,052
Other undisclosed noncurrent assets(710)161  (33)18(179)
Total noncurrent assets:1,2491,4261,2481,4651,4271,5382,532
TOTAL ASSETS:2,5643,0863,0103,6983,4193,8805,497
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,1391,2561,3691,3811,3101,3751,742
Accounts payable709723817832768774895
Accrued liabilities335411451406402420599
Employee-related liabilities8911586130129158211
Taxes payable571613112437
Debt28212261855137
Due to related parties1,009      
Disposal group, including discontinued operation  11 11490 
Deferred tax liabilities    0
Other undisclosed current liabilities119143104153147275168
Total current liabilities:2,2951,4011,4971,5601,4862,1952,047
Noncurrent Liabilities
Long-term debt and lease obligation, including:6751,5901,5841,8691,8762,1062,400
Long-term debt, excluding current maturities 1,5901,5821,8721,8762,1602,464
Finance lease, liability2 
Capital lease obligations3   12
Other undisclosed long-term debt and lease obligation674  (3) (53)(76)
Liabilities, other than long-term debt342357337342449603713
Accounts payable and accrued liabilities10112913685796578
Deferred tax liabilities, net 22 2233
Deferred income tax liabilities2 
Liability, pension and other postretirement and postemployment benefits133138128151165178502
Disposal group, including discontinued operation, liabilities     260 
Other liabilities10691728420678101
Other undisclosed noncurrent liabilities119143(3)174 3132
Total noncurrent liabilities:1,1372,0911,9182,3852,3252,7413,144
Total liabilities:3,4323,4923,4153,9453,8104,9365,192
Temporary equity, carrying amount 579492468445  
Stockholders' equity
Stockholders' equity attributable to parent(872)(991)(905)(725)(848)(1,070)290
Common stock 193190190189188188
Treasury stock, value (4,603)(4,602)(4,600)(4,600)(4,594)(4,591)
Additional paid in capital6232,3212,3042,2912,2742,2542,208
Accumulated other comprehensive loss(1,134)(1,040)(1,030)(926)(1,033)(1,366)(1,218)
Retained earnings (accumulated deficit)(361)2,1392,2342,3202,3222,4483,703
Stockholders' equity attributable to noncontrolling interest47810121416
Total stockholders' equity:(867)(984)(897)(715)(836)(1,056)305
TOTAL LIABILITIES AND EQUITY:2,5643,0863,0103,6983,4193,8805,497

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues3,6254,7635,5715,7165,7186,1618,851
Revenue, net5,7165,7186,1618,851
Cost of revenue(1,595)(2,010)(2,364)(2,203)(2,257)(2,445)(3,499)
Cost of goods and services sold(38)(37)(114)(568)(526)(584)(963)
Gross profit:2,0312,7533,2073,5123,4613,7155,352
Operating expenses(2,153)(2,628)(2,972)(3,239)(3,139)(3,543)(5,207)
Other undisclosed operating income (loss)     (7)255
Operating income (loss):(122)126235273322165400
Nonoperating income (expense)(181)13(127)(153)(291)(142)(236)
Investment income, nonoperating281515161315
Foreign currency transaction loss, before tax      (42)
Other nonoperating income (expense)(20)94(7)(27)(171)(74)(140)
Interest and debt expense(38)(12)(1)(141)1(6)(111)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes38121141(1)6111
Income (loss) from continuing operations before income taxes:(304)1381081213123164
Income tax expense(34)(103)(130)(101)(125)(819)(549)
Income (loss) from continuing operations:(338)35(22)20(93)(797)(385)
Loss from discontinued operations(28)(37)  (14)(349) 
Net income (loss):(366)(1)(22)20(107)(1,146)(385)
Net income (loss) attributable to noncontrolling interest3122(0)(3)(4)
Net income (loss) attributable to parent:(363)(0)(20)22(108)(1,149)(389)
Preferred stock dividends and other adjustments  (24)23(18)  
Net income (loss) available to common stockholders, diluted:(363)(0)(44)45(126)(1,149)(389)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(366)(1)(22)20(107)(1,146)(385)
Other comprehensive income (loss)(94)(9)(104)108333(151)(348)
Comprehensive income (loss):(459)(11)(126)128225(1,296)(733)
Comprehensive income, net of tax, attributable to noncontrolling interest3132222
Comprehensive income (loss), net of tax, attributable to parent:(457)(10)(124)129227(1,295)(731)

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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