L Brands, Inc. (LB) financial statements (2020 and earlier)

Company profile

Business Address THREE LIMITED PKWY
COLUMBUS, OH 43216
State of Incorp. DE
Fiscal Year End January 31
SIC 5621 - Women's Clothing 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
1/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,4991,4131,5151,9342,5481,6811,519
Cash and cash equivalents1,4991,4131,5151,9342,5481,6811,519
Receivables306367310294261252244
Inventory, net of allowances, customer advances and progress billings1,2871,2481,2401,0961,1221,0361,165
Inventory1,2871,2481,2401,0961,1221,0361,165
Other current assets153232228141225230194
Other undisclosed current assets     3328
Total current assets:3,2453,2603,2933,4654,1563,2323,150
Noncurrent Assets
Finance lease, right-of-use asset21
Operating lease, right-of-use asset3,053
Property, plant and equipment2,4862,8182,8932,7412,3302,2772,045
Intangible assets, net (including goodwill)1,0391,7591,7591,7591,7291,7291,729
Goodwill6281,3481,3481,3481,3181,3181,318
Intangible assets, net (excluding goodwill)411411411411411411411
Other noncurrent assets218191190186248306274
Deferred tax assets, net62141930  
Other undisclosed noncurrent assets63      
Total noncurrent assets:6,8804,8304,8564,7054,3374,3124,048
TOTAL ASSETS:10,1258,0908,1498,1708,4937,5447,198
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,8331,9141,9441,9781,8692,0761,674
Accounts payable647711717683668613599
Accrued liabilities1,0521,0821,029997977900787
Employee-related liabilities     244 
Taxes payable134121198298224237288
Interest and dividends payable     82 
Debt617287366 215
Other undisclosed current liabilities478    (397)(63)
Total current liabilities:2,3721,9862,0312,0141,8751,6791,826
Noncurrent Liabilities
Long-term debt and lease obligation8,5525,7395,7075,7005,7154,7654,761
Long-term debt, excluding current maturities5,4875,7395,7075,7005,7154,7654,761
Finance lease, liability13
Operating lease, liability3,052
Liabilities, other than long-term debt4901,2301,1621,1831,1611,2231,111
Deferred revenue and credits   142131
Deferred tax liabilities, net226238352257261210
Other liabilities4901,004924831904820770
Other undisclosed noncurrent liabilities206    (142)(131)
Total noncurrent liabilities:9,2486,9696,8696,8836,8765,8465,741
Total liabilities:11,6208,9558,9008,8978,7517,5257,567
Stockholders' equity
Stockholders' equity attributable to parent(1,499)(869)(753)(729)(259)18(370)
Common stock142141141157156155154
Treasury stock, value(358)(358)(162)(1,753)(1,315)(832)(748)
Additional paid in capital847771678650545427302
Accumulated other comprehensive income52592412403540
Retained earnings (accumulated deficit)(2,182)(1,482)(1,434)205315233(118)
Stockholders' equity attributable to noncontrolling interest4422111
Total stockholders' equity:(1,495)(865)(751)(727)(258)19(369)
TOTAL LIABILITIES AND EQUITY:10,1258,0908,1498,1708,4937,5447,198

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
Revenues12,91413,23712,63212,57412,15411,45410,773
Revenue, net13,23712,63212,57412,15411,45410,773
Cost of revenue
(Cost of Goods and Services Sold)
(8,464)(8,338)(7,673)(7,449)(6,950)(6,646)(6,344)
Gross profit:4,4504,8994,9595,1255,2044,8084,429
Operating expenses(4,192)(3,563)(3,231)(3,122)(3,012)(3,293)(3,093)
Other undisclosed operating income (loss) (99)   438407
Operating income:2581,2371,7282,0032,1921,9531,743
Nonoperating income (expense)(61)(94)(10)9176717
Investment income, nonoperating (99) 4   
Other nonoperating income (expense)(61)5(10)8776717
Interest and debt expense(418)(385)(451)(430)(334)(324)(314)
Income (loss) from continuing operations before equity method investments, income taxes:(221)7581,2671,6641,9341,6361,446
Other undisclosed income from continuing operations before income taxes40994532   
Income (loss) from continuing operations before income taxes:(181)8571,3121,6961,9341,6361,446
Income tax expense(185)(213)(329)(538)(681)(594)(543)
Net income (loss) available to common stockholders, diluted:(366)6449831,1581,2531,042903

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 (loss):(366)6449831,1581,2531,042903
Other comprehensive income (loss)(7)3712(28)5(5)36
Comprehensive income (loss), net of tax, attributable to parent:(373)6819951,1301,2581,037939

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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