G-III Apparel Group, LTD. (GIII) financial statements (2020 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)

1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
1/31/2015
1/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments19770468013312822
Cash and cash equivalents19770468013312822
Receivables530502294264222199160
Inventory, net of allowances, customer advances and progress billings552576553483485426360
Inventory552576553483485426360
Prepaid expense17172517311213
Deferred tax assets   181616
Other undisclosed current assets72884139151715
Total current assets:1,3691,254960883902799586
Noncurrent Assets
Operating lease, right-of-use asset270
Property, plant and equipment7686981031048263
Long-term investments and receivables6267626126  
Long-term investments6267626126  
Intangible assets, net (including goodwill), including:738743751753128138151
Goodwill261261263269495256
Intangible assets, net (excluding goodwill)477482489484788614
Other undisclosed intangible assets, net (including goodwill)      81
Deferred income tax assets18
Other noncurrent assets33353236252831
Other undisclosed noncurrent assets 221116   
Total noncurrent assets:1,196954956969282248245
TOTAL ASSETS:2,5652,2081,9151,8521,1841,047831
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities315337347315245241188
Accounts payable205225232218174177131
Accrued liabilities1021039595716456
Taxes payable89202   
Debt64     49
Customer refund liability233244     
Other liabilities2      
Other undisclosed current liabilities      5
Total current liabilities:614581347315245241241
Noncurrent Liabilities
Long-term debt and lease obligation64638739146227 21
Long-term debt, excluding current maturities39738739146227 21
Operating lease, liability249
Liabilities, other than long-term debt15525654244342
Deferred tax liabilities, net151614242022
Deferred income tax liabilities8
Other liabilities7374039 2319
Other undisclosed noncurrent liabilities     16
Total noncurrent liabilities:661438447515514468
Total liabilities:1,2741,019794831296285309
Stockholders' equity
Stockholders' equity attributable to parent1,2911,1891,1211,021888761523
Common stock0000000
Treasury stock, value(37)(19)(0)(1)(3)(4)(4)
Additional paid in capital452464452438354329185
Accumulated other comprehensive income (loss)(18)(15)(6)(28)(24)(10)6
Retained earnings893759675612560446336
Stockholders' equity attributable to noncontrolling interest      (1)
Total stockholders' equity:1,2911,1891,1211,021888761522
TOTAL LIABILITIES AND EQUITY:2,5652,2081,9151,8521,1841,047831

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

1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
1/31/2015
1/31/2014
Revenues3,1603,0762,8072,3862,3442,1171,718
Revenue, net2,8072,3862,3442,1171,718
Cost of revenue
(Cost of Goods and Services Sold)
(2,043)(1,969)(1,752)(1,546)(1,506)(1,422)(1,187)
Other undisclosed gross profit     6255
Gross profit:1,1181,1071,055841839757586
Operating expenses(890)(876)(901)(747)(654)(592)(454)
Other undisclosed operating loss     (0) 
Operating income:22823115493184165131
Nonoperating income (expense)(1)(3)(0)(0) 2 
Investment income, nonoperating     2 
Other nonoperating expense(1)(3)(0)(0)   
Interest and debt expense(10)(10)(11)(5)(1)(3) 
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes (34)(33)(11)(5)4(9)
Income from continuing operations before equity method investments, income taxes:21618411078179168122
Other undisclosed loss from continuing operations before income taxes(34)      
Income from continuing operations before income taxes:18218411078179168122
Income tax expense(38)(46)(48)(26)(65)(59)(46)
Net income:144138625211410976
Net income attributable to noncontrolling interest     11
Net income available to common stockholders, diluted:144138625211411077

Comprehensive Income ($ in millions)

1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
1/31/2015
1/31/2014
Net income:144138625211410976
Other comprehensive income (loss)(3)(10)22(4)(14)(16)3
Other undisclosed comprehensive income     11
Comprehensive income:14112884481019480
Comprehensive income (loss), net of tax, attributable to noncontrolling interest     1(1)
Comprehensive income, net of tax, attributable to parent:14112884481019579

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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