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)
| 10/31/2020 TTM | 1/31/2020 | 1/31/2019 | 1/31/2018 | 1/31/2017 | 1/31/2016 | |||
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current Assets | ||||||||
| Cash, cash equivalents, and short-term investments | 386 | 333 | 458 | 887 | 900 | |||
| Cash and cash equivalents | 386 | 333 | 458 | 887 | 900 | |||
| Inventory, net of allowances, customer advances and progress billings | 2,166 | 2,437 | 2,762 | 2,854 | 2,721 | |||
| Inventory | 2,166 | 2,437 | 2,762 | 2,854 | 2,721 | |||
| Other current assets | 174 | 189 | 190 | 160 | 166 | |||
| Other undisclosed current assets | 196 | 231 | ||||||
| Total current assets: | 2,726 | 2,959 | 3,410 | 4,097 | 4,018 | |||
| Noncurrent Assets | ||||||||
| Operating lease, right-of-use asset | 998 | ✕ | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 3,488 | 3,938 | 4,281 | 4,599 | 4,816 | |||
| Regulated entity, other noncurrent assets | 37 | 48 | 51 | 61 | ||||
| Estimated insurance recoveries | 1 | |||||||
| Other noncurrent assets | 657 | 677 | 661 | 618 | 608 | |||
| Deferred tax assets, net | ✕ | ✕ | (425) | |||||
| Other undisclosed noncurrent assets | 83 | 99 | 9 | 364 | ||||
| Total noncurrent assets: | 5,263 | 4,762 | 5,003 | 5,217 | 5,424 | |||
| TOTAL ASSETS: | 7,989 | 7,721 | 8,413 | 9,314 | 9,442 | |||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities | 1,717 | 1,842 | 2,092 | 2,141 | 2,285 | |||
| Accounts payable | 786 | 847 | 973 | 977 | 925 | |||
| Accrued liabilities | 931 | 995 | 1,119 | 1,164 | 1,360 | |||
| Debt | 1 | 8 | 8 | 15 | 26 | |||
| Liability for uncertainty in income taxes | 2 | 2 | ||||||
| Other undisclosed current liabilities | 214 | 90 | 230 | 263 | 101 | |||
| Total current liabilities: | 1,932 | 1,942 | 2,332 | 2,419 | 2,412 | |||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation, including: | 4,682 | 204 | 212 | 219 | 10 | |||
| Long-term debt, excluding current maturities | 3,574 | 3,716 | 3,780 | 4,339 | 4,668 | |||
| Operating lease, liability | 1,108 | ✕ | ✕ | ✕ | ✕ | |||
| Other undisclosed long-term debt and lease obligation | (3,512) | (3,568) | (4,120) | (4,658) | ||||
| Liabilities, other than long-term debt | 435 | 694 | 722 | 993 | 1,043 | |||
| Deferred compensation liability, classified | 4 | 4 | 11 | 10 | ||||
| Deferred tax liabilities, net | ✕ | ✕ | 131 | 143 | 400 | 425 | ||
| Liability for uncertainty in income taxes | 1 | 1 | 1 | |||||
| Other liabilities | 430 | 558 | 567 | 583 | 618 | |||
| Other undisclosed noncurrent liabilities | 111 | 3,711 | 3,768 | 4,329 | 4,668 | |||
| Total noncurrent liabilities: | 5,228 | 4,609 | 4,702 | 5,541 | 5,721 | |||
| Total liabilities: | 7,160 | 6,551 | 7,034 | 7,960 | 8,133 | |||
| Stockholders' equity | ||||||||
| Stockholders' equity attributable to parent | 829 | 1,170 | 1,379 | 1,354 | 1,309 | |||
| Common stock | 160 | 158 | 156 | 154 | 153 | |||
| Additional paid in capital | 4,723 | 4,713 | 4,705 | 4,679 | 4,654 | |||
| Accumulated other comprehensive loss | (387) | (328) | (360) | (473) | (491) | |||
| Accumulated deficit | (3,667) | (3,373) | (3,122) | (3,006) | (3,007) | |||
| Total stockholders' equity: | 829 | 1,170 | 1,379 | 1,354 | 1,309 | |||
| TOTAL LIABILITIES AND EQUITY: | 7,989 | 7,721 | 8,413 | 9,314 | 9,442 | |||
Income statement (P&L) ($ in millions)
| 10/31/2020 TTM | 1/31/2020 | 1/31/2019 | 1/31/2018 | 1/31/2017 | 1/31/2016 | ||
|---|---|---|---|---|---|---|---|
| Revenues | 10,716 | 11,664 | 12,506 | 12,547 | 12,625 | ||
| Revenue, net | ✕ | ✕ | ✕ | 12,506 | 12,547 | 12,625 | |
| Cost of revenue (Cost of Goods and Services Sold) | (7,013) | (7,870) | (8,174) | (8,071) | (8,074) | ||
| Gross profit: | 3,703 | 3,794 | 4,332 | 4,476 | 4,551 | ||
| Operating expenses | (11,175) | (12,025) | (12,390) | (4,081) | (4,640) | ||
| Other undisclosed operating income | 7,464 | 8,225 | 8,174 | ||||
| Operating income (loss): | (8) | (6) | 116 | 395 | (89) | ||
| Nonoperating income (Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component) | 35 | 71 | |||||
| Interest and debt expense | (292) | (336) | (358) | (393) | (415) | ||
| Income (loss) from continuing operations before income taxes: | (265) | (271) | (242) | 2 | (504) | ||
| Income tax expense (benefit) | (3) | 16 | 126 | (1) | (9) | ||
| Net income (loss) available to common stockholders, diluted: | (268) | (255) | (116) | 1 | (513) | ||
Comprehensive Income ($ in millions)
| 10/31/2020 TTM | 1/31/2020 | 1/31/2019 | 1/31/2018 | 1/31/2017 | 1/31/2016 | ||
|---|---|---|---|---|---|---|---|
| Net income (loss): | (268) | (255) | (116) | 1 | (513) | ||
| Other comprehensive income (loss) | (112) | 32 | 113 | 18 | (141) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (380) | (223) | (3) | 19 | (654) | ||
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.