Lifetime Brands, Inc. (LCUT) financial statements (2021 and earlier)

Company profile

Business Address 1000 STEWART AVENUE
GARDEN CITY, NY 11530
State of Incorp. DE
Fiscal Year End December 31
SIC 342 - Cutlery, Handtools, And General Hardware (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments36118887
Cash and cash equivalents36118887
Receivables17013012710810591
Inventory, net of allowances, customer advances and progress billings203173174132135137
Inventory203173174132135137
Other undisclosed current assets1214111099
Total current assets:421329319258256243
Noncurrent Assets
Operating lease, right-of-use asset97107
Property, plant and equipment232826232125
Long-term investments and receivables202123242325
Long-term investments202123242325
Intangible assets, net (including goodwill)244280339888997
Goodwill304992161418
Intangible assets, net (excluding goodwill)214231247737578
Other noncurrent assets242223
Other undisclosed noncurrent assets  1686
Total noncurrent assets:386441390143143156
TOTAL ASSETS:807770709402400399
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1518884718271
Accounts payable663638253027
Accrued liabilities805245444540
Taxes payable5  274
Debt181910920
Other undisclosed current liabilities11    0
Total current liabilities:18010785729192
Noncurrent Liabilities
Long-term debt and lease obligation369399305958681
Long-term debt, excluding current maturities266287305958681
Operating lease, liability102112
Liabilities, other than long-term debt292739252527
Accounts payable and accrued liabilities1110  
Deferred tax liabilities, net15469
Deferred income tax liabilities1114
Other liabilities161223201919
Total noncurrent liabilities:397426344120111108
Total liabilities:577534429191202199
Stockholders' equity
Stockholders' equity attributable to parent230236279210198199
Common stock000000
Additional paid in capital269263259179174166
Accumulated other comprehensive loss(39)(34)(35)(29)(37)(14)
Retained earnings0755616148
Total stockholders' equity:230236279210198199
TOTAL LIABILITIES AND EQUITY:807770709402400399

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues769735705579593588
Revenue, net579593588
Cost of revenue
(Cost of Goods and Services Sold)
(495)(480)(449)(364)(376)(373)
Gross profit:274255256215217214
Operating expenses(176)(206)(167)(142)(133)(135)
Other undisclosed operating loss(73)(73)(70)(58)(57)(55)
Operating income (loss):25(23)19152724
Interest and debt expense(17)(20)(18)(4)(5)(6)
Other undisclosed loss from continuing operations before equity method investments, income taxes(2)    (0)
Income (loss) from continuing operations before equity method investments, income taxes:6(44)1112218
Income from equity method investments101011
Income (loss) from continuing operations before income taxes:7(43)1112319
Income tax expense(10)(1)(3)(9)(7)(7)
Net income (loss) available to common stockholders, diluted:(3)(44)(2)21612

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(3)(44)(2)21612
Other comprehensive income (loss)(5)0(5)8(23)(4)
Comprehensive income (loss), net of tax, attributable to parent:(8)(44)(7)10(7)8

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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