Fossil Group, Inc. (FOSL) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments251 200403231297
Cash and cash equivalents251 200403231297
Restricted cash and investments0 00  
Receivables318 300335380388
Inventory, net of allowances, customer advances and progress billings347 452378574542
Inventory347 452378574542
Prepaid expense63 57886979
Derivative instruments and hedges, assets3 39223
Assets held-for-sale, not part of disposal group3  112 
Other current assets24 22192115
Other undisclosed current assets13 242422
Total current assets:1,023 1,0591,2591,2911,347
Noncurrent Assets
Finance lease, right-of-use asset  6
Operating lease, right-of-use asset178 288
Property, plant and equipment90 152183220274
Long-term investments and receivables    12
Long-term investments    12
Intangible assets, net (including goodwill)14 276887502
Goodwill     355
Intangible assets, net (excluding goodwill)14 276887147
Restricted cash and investments14 88  
Deferred costs  5452
Deferred income tax assets25 38
Other undisclosed noncurrent assets26 22535659
Total noncurrent assets:346 545317367840
TOTAL ASSETS:1,369 1,6051,5751,6582,187
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities435 383380461343
Accounts payable230 172170205164
Accrued liabilities85 105101149100
Employee-related liabilities74 52767153
Taxes payable47 55323727
Deferred revenue41 81
Debt1 26126226
Contract with customer, liability71
Other undisclosed current liabilities59 69284645
Total current liabilities:536 559606509415
Noncurrent Liabilities
Long-term debt and lease obligation, including:141 179270444610
Long-term debt, excluding current maturities150 177267440606
Finance lease, liability  1
Operating lease, liability175 289
Other undisclosed long-term debt and lease obligation(183) (289)244
Liabilities, other than long-term debt52 7410912391
Accounts payable and accrued liabilities20 31284719
Deferred income tax liabilities1 2
Other liabilities31 41807672
Other undisclosed noncurrent liabilities175 2892156
Total noncurrent liabilities:368 542381568757
Total liabilities:903 1,1019871,0771,171
Stockholders' equity
Stockholders' equity attributable to parent463 5035865761,006
Common stock1 1000
Additional paid in capital301 283268242213
Accumulated other comprehensive loss(67) (81)(65)(76)(95)
Retained earnings229 300382410888
Stockholders' equity attributable to noncontrolling interest2 1359
Total stockholders' equity:465 5045895811,015
TOTAL LIABILITIES AND EQUITY:1,369 1,6051,5751,6582,187

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues1,870 2,2182,5412,7883,042
Revenue, net2,7883,042
Cost of revenue
(Cost of Goods and Services Sold)
(904) (1,118)(1,201)(1,429)(1,464)
Gross profit:966 1,0991,3401,3591,578
Operating expenses(874) (1,128)(1,277)(1,783)(1,451)
Operating income (loss):93 (28)63(424)127
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(15) 27(0)1414
Interest and debt expense(25) (30)(43)(43)(27)
Income (loss) from continuing operations before income taxes:53 (31)20(454)114
Income tax expense(26) (19)(21)(20)(29)
Net income (loss):27 (50)(1)(474)86
Net loss attributable to noncontrolling interest(1) (2)(3)(5)(7)
Net income (loss) available to common stockholders, diluted:25 (52)(3)(478)79

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):27 (50)(1)(474)86
Other comprehensive income (loss)(8) (16)1419(15)
Comprehensive income (loss):18 (66)13(454)71
Comprehensive loss, net of tax, attributable to noncontrolling interest(1) (2)(3)(5)(7)
Comprehensive income (loss), net of tax, attributable to parent:17 (68)10(459)64

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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