J.C. Penney Company, Inc. Holding Company (JCP) financial statements (2021 and earlier)

Company profile

Business Address 6501 LEGACY DRIVE
PLANO, TX 75024-3698
State of Incorp. DE
Fiscal Year End January 31
SIC 5311 - Department Stores (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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3863334588879001,318
Cash and cash equivalents3863334588879001,318
Inventory, net of allowances, customer advances and progress billings2,1662,4372,7622,8542,7212,652
Inventory2,1662,4372,7622,8542,7212,652
Other current assets174189190160166189
Other undisclosed current assets   196231172
Total current assets:2,7262,9593,4104,0974,0184,331
Noncurrent Assets
Operating lease, right-of-use asset998
Property, plant and equipment3,4883,9384,2814,5994,8165,148
Long-term investments and receivables     26
Long-term investments     26
Intangible assets, net (including goodwill)     268
Intangible assets, net (excluding goodwill)     268
Regulated entity, other noncurrent assets374851 6182
Estimated insurance recoveries  1   
Deferred costs     62
Other noncurrent assets657677661618608705
Defined benefit plan, assets for plan benefits  220
Deferred tax assets, net   (425)(363)
Other undisclosed noncurrent assets83999 364(75)
Total noncurrent assets:5,2634,7625,0035,2175,4246,073
TOTAL ASSETS:7,9897,7218,4139,3149,44210,404
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,7171,8422,0922,1412,2852,560
Accounts payable786847973977925997
Accrued liabilities9319951,1191,1641,3601,188
Employee-related liabilities     212
Taxes payable     75
Interest and dividends payable     88
Debt188152628
Liability for uncertainty in income taxes 22  5
Self insurance reserve     56
Other undisclosed current liabilities21490230263101(408)
Total current liabilities:1,9321,9422,3322,4192,4122,241
Noncurrent Liabilities
Long-term debt and lease obligation, including:4,6822042122191038
Long-term debt, excluding current maturities3,5743,7163,7804,3394,6685,322
Operating lease, liability1,108
Other undisclosed long-term debt and lease obligation (3,512)(3,568)(4,120)(4,658)(5,284)
Liabilities, other than long-term debt4356947229931,0431,349
Deferred revenue and credits   107
Deferred compensation liability, classified441110  
Deferred tax liabilities, net131143400425363
Liability for uncertainty in income taxes111  8
Liability, pension and other postretirement and postemployment benefits     185
Other liabilities430558567583618526
Self insurance reserve     160
Other undisclosed noncurrent liabilities1113,7113,7684,3294,6684,862
Total noncurrent liabilities:5,2284,6094,7025,5415,7216,249
Total liabilities:7,1606,5517,0347,9608,1338,490
Stockholders' equity
Stockholders' equity attributable to parent8291,1701,3791,3541,3091,914
Common stock160158156154153152
Additional paid in capital4,7234,7134,7054,6794,6544,606
Accumulated other comprehensive loss(387)(328)(360)(473)(491)(1,065)
Accumulated deficit(3,667)(3,373)(3,122)(3,006)(3,007)(1,779)
Total stockholders' equity:8291,1701,3791,3541,3091,914
TOTAL LIABILITIES AND EQUITY:7,9897,7218,4139,3149,44210,404

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

1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
1/31/2015
Revenues10,71611,66412,50612,54712,62512,257
Revenue, net12,50612,54712,62512,257
Cost of revenue
(Cost of Goods and Services Sold)
(7,013)(7,870)(8,174)(8,071)(8,074)(7,996)
Gross profit:3,7033,7944,3324,4764,5514,261
Operating expenses(11,175)(12,025)(12,390)(4,081)(4,640)(4,569)
Other operating income, net     148
Other undisclosed operating income (loss)7,4648,2258,174  (148)
Operating income (loss):(8)(6)116395(89)(308)
Nonoperating income
(Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component)
3571    
Interest and debt expense(292)(336)(358)(393)(415)(440)
Income (loss) from continuing operations before equity method investments, income taxes:(265)(271)(242)2(504)(748)
Income from equity method investments     53
Income (loss) from continuing operations before income taxes:(265)(271)(242)2(504)(695)
Income tax expense (benefit)(3)16126(1)(9)(23)
Net income (loss):(268)(255)(116)1(513)(718)
Other undisclosed net loss attributable to parent     (53)
Net income (loss) available to common stockholders, diluted:(268)(255)(116)1(513)(771)

Comprehensive Income ($ in millions)

1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
1/31/2015
Net income (loss):(268)(255)(116)1(513)(718)
Other comprehensive income (loss)(112)3211318(141)(437)
Comprehensive income (loss):(380)(223)(3)19(654)(1,155)
Other undisclosed comprehensive loss, net of tax, attributable to parent     (53)
Comprehensive income (loss), net of tax, attributable to parent:(380)(223)(3)19(654)(1,208)

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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