G-III Apparel Group, LTD. (GIII) financial statements (2021 and earlier)

Company profile

Business Address 512 SEVENTH AVE
NEW YORK, NY 10018
State of Incorp. DE
Fiscal Year End January 31
SIC 23 - Apparel And Other Finished Products Made From Fabrics And Similar Materials (benchmarking)
More info Complete financial analysis Financial benchmarking

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

1/31/2021
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
1/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments352197704680133128
Cash and cash equivalents352197704680133128
Receivables493530502294264222199
Inventory, net of allowances, customer advances and progress billings417552576553483485426
Inventory417552576553483485426
Prepaid expense34171725173112
Deferred tax assets   1816
Other undisclosed current assets49728841391517
Total current assets:1,3441,3691,254960883902799
Noncurrent Assets
Operating lease, right-of-use asset186270
Property, plant and equipment5776869810310482
Long-term investments and receivables646267626126 
Long-term investments646267626126 
Intangible assets, net (including goodwill)742738743751753128138
Goodwill2632612612632694952
Intangible assets, net (excluding goodwill)4794774824894847886
Deferred income tax assets518
Other noncurrent assets39333532362528
Other undisclosed noncurrent assets  221116  
Total noncurrent assets:1,0921,196954956969282248
TOTAL ASSETS:2,4362,5652,2081,9151,8521,1841,047
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities254315337347315245241
Accounts payable139205225232218174177
Accrued liabilities10310210395957164
Taxes payable1289202  
Debt464     
Customer refund liability99233244    
Other liabilities12     
Other undisclosed current liabilities44      
Total current liabilities:402614581347315245241
Noncurrent Liabilities
Long-term debt and lease obligation67064638739146227 
Long-term debt, excluding current maturities50839738739146227 
Operating lease, liability162249
Liabilities, other than long-term debt28155256542443
Deferred tax liabilities, net1516142420
Deferred income tax liabilities208
Other liabilities77374039 23
Other undisclosed noncurrent liabilities      1
Total noncurrent liabilities:6976614384475155144
Total liabilities:1,0991,2741,019794831296285
Temporary equity, carrying amount1      
Stockholders' equity
Stockholders' equity attributable to parent1,3361,2911,1891,1211,021888761
Common stock0000000
Treasury stock, value(27)(37)(19)(0)(1)(3)(4)
Additional paid in capital448452464452438354329
Accumulated other comprehensive loss(2)(18)(15)(6)(28)(24)(10)
Retained earnings917893759675612560446
Total stockholders' equity:1,3361,2911,1891,1211,021888761
TOTAL LIABILITIES AND EQUITY:2,4362,5652,2081,9151,8521,1841,047

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

1/31/2021
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
1/31/2015
Revenues2,0553,1603,0762,8072,3862,3442,117
Revenue, net2,8072,3862,3442,117
Cost of revenue
(Cost of Goods and Services Sold)
(1,311)(2,043)(1,969)(1,752)(1,546)(1,506)(1,422)
Other undisclosed gross profit      62
Gross profit:7441,1181,1071,055841839757
Operating expenses(662)(890)(876)(901)(747)(654)(592)
Other undisclosed operating loss      (0)
Operating income:8322823115493184165
Nonoperating income (expense)3(1)(3)(0)(0) 2
Investment income, nonoperating      2
Other nonoperating income (expense)3(1)(3)(0)(0)  
Interest and debt expense(7)(10)(10)(11)(5)(1)(3)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes  (34)(33)(11)(5)4
Income from continuing operations before equity method investments, income taxes:8021618411078179168
Other undisclosed loss from continuing operations before income taxes(44)(34)     
Income from continuing operations before income taxes:3618218411078179168
Income tax expense(12)(38)(46)(48)(26)(65)(59)
Net income:241441386252114109
Net income attributable to noncontrolling interest0     1
Net income available to common stockholders, diluted:241441386252114110

Comprehensive Income ($ in millions)

1/31/2021
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
1/31/2015
Net income:241441386252114109
Other comprehensive income (loss)(16)(3)(10)22(4)(14)(16)
Other undisclosed comprehensive income      1
Comprehensive income:8141128844810194
Comprehensive income, net of tax, attributable to noncontrolling interest0     1
Other undisclosed comprehensive loss, net of tax, attributable to parent(0)      
Comprehensive income, net of tax, attributable to parent:8141128844810195

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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