Fossil Group, Inc. (FOSL) financial statements (2020 and earlier)

Company profile

Business Address 901 S CENTRAL EXPRESSWAY
RICHARDSON, TX 75080
State of Incorp. DE
Fiscal Year End December 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)

12/31/2019
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 investments200403231297289276320
Cash and cash equivalents200403231297289276320
Restricted cash and investments00   0 
Receivables300335380388421445455
Inventory, net of allowances, customer advances and progress billings452378574542625597571
Inventory452378574542625597571
Prepaid expense578869799311176
Derivative instruments and hedges, assets3922313263
Assets held-for-sale, not part of disposal group 112  
Other current assets22192115000
Other undisclosed current assets242422 3454
Total current assets:1,0591,2591,2911,3471,4431,4901,479
Noncurrent Assets
Finance lease, right-of-use asset6
Operating lease, right-of-use asset288
Property, plant and equipment152183220274326346356
Long-term investments and receivables  122 0
Long-term investments  122 0
Intangible assets, net (including goodwill)276887502521308240
Goodwill   355359198207
Intangible assets, net (excluding goodwill)27688714716211033
Restricted cash and investments88    1
Deferred costs545223 
Deferred income tax assets38
Other undisclosed noncurrent assets225356596161154
Total noncurrent assets:545317367840913718751
TOTAL ASSETS:1,6051,5751,6582,1872,3562,2082,230
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities383380461343429375281
Accounts payable172170205164208159165
Accrued liabilities105101149100115130 
Employee-related liabilities52767153615181
Taxes payable55323727443535
Deferred revenue81
Debt26126226231713
Contract with customer, liability71
Other undisclosed current liabilities692846453755197
Total current liabilities:559606509415490447492
Noncurrent Liabilities
Long-term debt and lease obligation, including:179270444610785614495
Long-term debt, excluding current maturities177267440606780608488
Finance lease, liability1
Operating lease, liability289
Other undisclosed long-term debt and lease obligation(289)244567
Liabilities, other than long-term debt7410912391737570
Accounts payable and accrued liabilities312847192117 
Accrued income taxes16
Deferred income tax liabilities2
Other liabilities41807672535955
Other undisclosed noncurrent liabilities2892156758898
Total noncurrent liabilities:542381568757934777663
Total liabilities:1,1019871,0771,1711,4231,2241,155
Stockholders' equity
Stockholders' equity attributable to parent5035865761,0069219781,069
Common stock1000011
Additional paid in capital283268242213187172154
Accumulated other comprehensive income (loss)(81)(65)(76)(95)(81)(16)37
Retained earnings300382410888814822877
Stockholders' equity attributable to noncontrolling interest13591167
Total stockholders' equity:5045895811,0159339841,075
TOTAL LIABILITIES AND EQUITY:1,6051,5751,6582,1872,3562,2082,230

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues2,2182,5412,7883,0423,2293,5103,261
Revenue, net2,7883,0423,2293,5103,260
Cost of revenue
(Cost of Goods and Services Sold)
(1,118)(1,201)(1,429)(1,464)(1,475)(1,509)(1,398)
Other undisclosed gross profit     (1)(1)
Gross profit:1,0991,3401,3591,5781,7532,0011,862
Operating expenses(1,128)(1,277)(1,783)(1,451)(1,462)(1,784)(1,595)
Other undisclosed operating income     349295
Operating income (loss):(28)63(424)127291567562
Nonoperating income (expense)27(0)141440811
Other nonoperating income (expense)27(0)14144079
Interest and debt expense(30)(43)(43)(27)(20)(16)(10)
Income (loss) from continuing operations before equity method investments, income taxes:(31)20(454)114312559563
Other undisclosed loss from continuing operations before income taxes     (1)(2)
Income (loss) from continuing operations before income taxes:(31)20(454)114312558561
Income tax expense(19)(21)(20)(29)(82)(171)(173)
Net income (loss):(50)(1)(474)86230387388
Net loss attributable to noncontrolling interest(2)(3)(5)(7)(9)(10)(10)
Net income (loss) available to common stockholders, diluted:(52)(3)(478)79221377378

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(50)(1)(474)86230387388
Other comprehensive income (loss)(16)1419(15)(64)(53)8
Comprehensive income (loss):(66)13(454)71166334396
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(2)(3)(5)(7)(9)(10)10
Other undisclosed comprehensive loss, net of tax, attributable to parent      (20)
Comprehensive income (loss), net of tax, attributable to parent:(68)10(459)64157324386

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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