G-III Apparel Group, LTD. (GIII) financial statements (2022 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)

1/31/2022
1/31/2021
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments466352197704680133
Cash and cash equivalents466352197704680133
Receivables606493530502294264222
Inventory, net of allowances, customer advances and progress billings512417552576553483485
Inventory512417552576553483485
Prepaid expense21341717251731
Deferred tax assets   18
Other undisclosed current assets48497288413915
Total current assets:1,6531,3441,3691,254960883902
Noncurrent Assets
Operating lease, right-of-use asset170186270
Property, plant and equipment4957768698103104
Long-term investments and receivables66646267626126
Long-term investments66646267626126
Intangible assets, net (including goodwill), including:747742738743751753128
Goodwill26326326126126326949
Intangible assets, net (excluding goodwill)6347947748248948478
Other undisclosed intangible assets, net (including goodwill)422      
Deferred income tax assets4518
Other noncurrent assets55393335323625
Other undisclosed noncurrent assets   221116 
Total noncurrent assets:1,0901,0921,196954956969282
TOTAL ASSETS:2,7432,4362,5652,2081,9151,8521,184
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities375254315337347315245
Accounts payable237139205225232218174
Accrued liabilities128103102103959571
Taxes payable101289202 
Debt4464    
Customer refund liability8799233244   
Other liabilities212    
Other undisclosed current liabilities4344     
Total current liabilities:511402614581347315245
Noncurrent Liabilities
Long-term debt and lease obligation65867064638739146227
Long-term debt, excluding current maturities51550839738739146227
Operating lease, liability143162249
Liabilities, other than long-term debt53281552565424
Deferred tax liabilities, net15161424
Deferred income tax liabilities40208
Other liabilities1377374039 
Total noncurrent liabilities:71169766143844751551
Total liabilities:1,2221,0991,2741,019794831296
Temporary equity, carrying amount01     
Stockholders' equity
Stockholders' equity attributable to parent1,5201,3361,2911,1891,1211,021888
Common stock0000000
Treasury stock, value(39)(27)(37)(19)(0)(1)(3)
Additional paid in capital456448452464452438354
Accumulated other comprehensive loss(15)(2)(18)(15)(6)(28)(24)
Retained earnings1,117917893759675612560
Total stockholders' equity:1,5201,3361,2911,1891,1211,021888
TOTAL LIABILITIES AND EQUITY:2,7432,4362,5652,2081,9151,8521,184

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

1/31/2022
1/31/2021
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
Revenues2,7672,0553,1603,0762,8072,3862,344
Revenue, net2,8072,3862,344
Cost of revenue
(Cost of Goods and Services Sold)
(1,778)(1,311)(2,043)(1,969)(1,752)(1,546)(1,506)
Gross profit:9887441,1181,1071,055841839
Operating expenses(677)(662)(890)(876)(901)(747)(654)
Operating income:3118322823115493184
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
103(1)(3)(0)(0) 
Interest and debt expense (7)(10)(10)(11)(5)(1)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (34)(33)(11)(5)
Income from continuing operations before equity method investments, income taxes:3218021618411078179
Other undisclosed loss from continuing operations before income taxes(50)(44)(34)    
Income from continuing operations before income taxes:2713618218411078179
Income tax expense(71)(12)(38)(46)(48)(26)(65)
Net income:200241441386252114
Net income attributable to noncontrolling interest00     
Net income available to common stockholders, diluted:201241441386252114

Comprehensive Income ($ in millions)

1/31/2022
1/31/2021
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
Net income:200241441386252114
Other comprehensive income (loss)(12)(16)(3)(10)22(4)(14)
Comprehensive income:18881411288448101
Comprehensive income, net of tax, attributable to noncontrolling interest00     
Other undisclosed comprehensive loss, net of tax, attributable to parent(1)(0)     
Comprehensive income, net of tax, attributable to parent:18781411288448101

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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