Fred's, Inc. (FRED) financial statements (2020 and earlier)

Company profile

Business Address 4300 NEW GETWELL RD
MEMPHIS, TN 38118
State of Incorp. TN
Fiscal Year End January 31
SIC 5331 - Variety Stores (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

1/31/2019
1/31/2018
1/31/2017
1/31/2016
1/31/2015
1/31/2014
1/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5766678
Cash and cash equivalents5766678
Receivables23385253413536
Inventory, net of allowances, customer advances and progress billings247279332341316362353
Inventory247279332341316362353
Prepaid expense101012111313
Assets held-in-trust 20   
Disposal group, including discontinued operation 20     
Prepaid expense and other current assets13
Income taxes receivable32
Other undisclosed current assets30123440433431
Total current assets:315385435451420455444
Noncurrent Assets
Property, plant and equipment66115131139144153158
Intangible assets, net (including goodwill)21 4141805542
Goodwill  4141   
Intangible assets, net (excluding goodwill)21   805542
Assets held-in-trust 42     
Disposal group, including discontinued operation, noncurrent assets5    
Other noncurrent assets116264
Prepaid expense and other noncurrent assets3
Other undisclosed noncurrent assets 558697 00
Total noncurrent assets:94213264279229212203
TOTAL ASSETS:409598699731649666647
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:58686556464544
Accounts payable97   143126116
Accrued liabilities58   11  
Taxes payable 655457
Other undisclosed accounts payable and accrued liabilities(97)626051(113)(86)(78)
Debt59001421
Asset retirement obligation 27     
Disposal group, including discontinued operation 27     
Deferred tax liabilities    132424
Other undisclosed current liabilities97103147185143126116
Total current liabilities:214224212241207197185
Noncurrent Liabilities
Long-term debt and lease obligation14167128532412
Long-term debt, excluding current maturities14167128532412
Liabilities, other than long-term debt15262232252932
Deferred revenue and credits    1311
Asset retirement obligations 0     
Deferred tax liabilities, net  210  5
Liability for uncertainty in income taxes    012
Other liabilities15262023251414
Other undisclosed noncurrent liabilities(0)   (0)(14)(14)
Total noncurrent liabilities:2919315085271831
Total liabilities:244417362326234215216
Stockholders' equity
Stockholders' equity attributable to parent, including:165181337404416452431
Treasury stock, value(11)(5)     
Accumulated other comprehensive income1100111
Retained earnings4962219294311348331
Other undisclosed stockholders' equity attributable to parent12712411811010410399
Total stockholders' equity:165181337404416452431
TOTAL LIABILITIES AND EQUITY:409598699731649666647

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

1/31/2019
1/31/2018
1/31/2017
1/31/2016
1/31/2015
1/31/2014
1/31/2013
Revenues1,2721,8052,1252,1511,9701,9391,955
Revenue, net1,8052,1252,1511,9701,9391,955
Cost of revenue
(Cost of Goods and Services Sold)
(949)(1,346)(1,615)(1,607)(1,466)(1,378)(1,389)
Gross profit:323459510544504561566
Operating expenses(419)(591)(585)(555)(550)(518)(528)
Other undisclosed operating income (loss)(33)   (3)(4)1
Operating income (loss):(130)(132)(75)(10)(48)3939
Interest and debt expense(8)(6)(2)(1)(1)(0)(1)
Income (loss) from continuing operations before income taxes:(137)(138)(77)(12)(49)3939
Income tax expense (benefit)(0)(1)10420(13)(9)
Income (loss) from continuing operations:(137)(139)(67)(7)(29)2630
Income (loss) from discontinued operations124(11)     
Net income (loss) available to common stockholders, diluted:(13)(150)(67)(7)(29)2630

Comprehensive Income ($ in millions)

1/31/2019
1/31/2018
1/31/2017
1/31/2016
1/31/2015
1/31/2014
1/31/2013
Net income (loss):(13)(150)(67)(7)(29)2630
Comprehensive income (loss):(13)(150)(67)(7)(29)2630
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 0(0)(0)(0)(0)(0)
Comprehensive income (loss), net of tax, attributable to parent:(13)(150)(67)(7)(29)2630

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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