Fossil Group, Inc. (FOSL) Financial Statements (2024 and earlier)

Company Profile

Business Address 901 S CENTRAL EXPRESSWAY
RICHARDSON, TX 75080
State of Incorp. DE
Fiscal Year End December 31
Industry (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)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments199251316200403231
Cash and cash equivalents199251316200403231
Restricted cash and investments00000 
Receivables260318276300335380
Inventory, net of allowances, customer advances and progress billings376347295452378574
Inventory376347295452378574
Prepaid expense 706352578869
Derivative instruments and hedges, assets 330392
Asset, held-for-sale, not part of disposal group  310 112
Other current assets 252423221921
Other undisclosed current assets13131824242
Total current assets:9451,0239901,0591,2591,291
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization   66
Operating lease, right-of-use asset157178227288
Nontrade receivables   52   
Property, plant and equipment8090114152183220
Long-term investments and receivables      1
Long-term investments      1
Intangible assets, net (including goodwill)121418276887
Intangible assets, net (excluding goodwill)121418276887
Restricted cash and investments514888 
Deferred costs   6545
Deferred income tax assets 17253438
Other undisclosed noncurrent assets222623225356
Total noncurrent assets:293346488545317367
TOTAL ASSETS:1,2381,3691,4791,6051,5751,658
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities334435401383380461
Taxes payable4754553237
Employee-related liabilities7478527671
Accounts payable191230178172170205
Accrued liabilities1438590105101149
Deferred revenue42415181
Debt0142261262
Contract with customer, liability71
Other undisclosed current liabilities505965692846
Total current liabilities:426536559559606509
Noncurrent Liabilities
Long-term debt and lease obligation, including:216141186179270444
Long-term debt, excluding current maturities 223150210177267440
Finance lease, liability   11
Other undisclosed long-term debt and lease obligation(7)(183)(256)(289)24
Liabilities, other than long-term debt193526374109123
Accounts payable and accrued liabilities232020312847
Deferred income tax liabilities1102
Other liabilities203143418076
Operating lease, liability150175231289
Other undisclosed noncurrent liabilities  17523128921
Total noncurrent liabilities:409368480542381568
Total liabilities:8359031,0381,1019871,077
Equity
Equity, attributable to parent406463439503586576
Common stock111100
Additional paid in capital306301294283268242
Accumulated other comprehensive loss(76)(67)(59)(81)(65)(76)
Retained earnings175229204300382410
Equity, attributable to noncontrolling interest(3)21135
Total equity:403465440504589581
TOTAL LIABILITIES AND EQUITY:1,2381,3691,4791,6051,5751,658

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues1,6821,8701,6132,2182,5412,788
Revenue, net2,788
Cost of revenue
(Cost of Goods and Services Sold)
(852)(904)(843)(1,118)(1,201)(1,429)
Gross profit:8319667701,0991,3401,359
Operating expenses(832)(874)(906)(1,128)(1,277)(1,783)
Operating income (loss):(1)93(135)(28)63(424)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(1)(15)(5)27(0)14
Interest and debt expense(19)(25)(32)(30)(43)(43)
Income (loss) from continuing operations before income taxes:(22)53(172)(31)20(454)
Income tax expense (benefit)(21)(26)76(19)(21)(20)
Income (loss) from continuing operations:(44)27(96)(50)(1)(474)
Income (loss) before gain (loss) on sale of properties:27(96)(50)(1)(474)
Net income (loss):(44)27(96)(50)(1)(474)
Net loss attributable to noncontrolling interest(1)(1)(0)(2)(3)(5)
Net income (loss) available to common stockholders, diluted:(44)25(96)(52)(3)(478)

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(44)27(96)(50)(1)(474)
Other comprehensive income (loss)(9)(8)22(16)1419
Comprehensive income (loss):(53)18(74)(66)13(454)
Comprehensive loss, net of tax, attributable to noncontrolling interest(1)(1)(0)(2)(3)(5)
Comprehensive income (loss), net of tax, attributable to parent:(53)17(74)(68)10(459)

Statements Sources

The financial statements are based on the Company's filings with 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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