Lifetime Brands, Inc. (LCUT) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1188875
Cash and cash equivalents1188875
Receivables13012710810591107
Inventory, net of allowances, customer advances and progress billings173174132135137138
Inventory173174132135137138
Other undisclosed current assets141110998
Total current assets:329319258256243258
Noncurrent Assets
Operating lease, right-of-use asset107
Property, plant and equipment282623212527
Long-term investments and receivables212324232528
Long-term investments212324232528
Intangible assets, net (including goodwill)280339888997104
Goodwill499216141818
Intangible assets, net (excluding goodwill)23124773757885
Other noncurrent assets422235
Other undisclosed noncurrent assets 1686 
Total noncurrent assets:441390143143156163
TOTAL ASSETS:770709402400399421
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities888471827182
Accounts payable363825302729
Accrued liabilities524544454037
Employee-related liabilities     9
Taxes payable  2747
Interest and dividends payable     0
Debt191092010
Liability for uncertainty in income taxes     0
Deferred tax liabilities    2
Other undisclosed current liabilities    0(11)
Total current liabilities:1078572919284
Noncurrent Liabilities
Long-term debt and lease obligation399305958681128
Long-term debt, excluding current maturities287305958681128
Operating lease, liability112
Liabilities, other than long-term debt273925252731
Deferred revenue and credits   10
Accounts payable and accrued liabilities110   
Deferred tax liabilities, net154691
Deferred income tax liabilities14
Other liabilities122320191920
Derivative instruments and hedges, liabilities     0
Total noncurrent liabilities:426344120111108159
Total liabilities:534429191202199243
Stockholders' equity
Stockholders' equity attributable to parent236279210198199188
Common stock000000
Additional paid in capital263259179174166160
Accumulated other comprehensive loss(34)(35)(29)(37)(14)(10)
Retained earnings75561614838
Total stockholders' equity:236279210198199188
Other undisclosed liabilities and equity     (10)
TOTAL LIABILITIES AND EQUITY:770709402400399421

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues735705579593588586
Revenue, net579593588586
Cost of revenue
(Cost of Goods and Services Sold)
(480)(449)(364)(376)(373)(373)
Gross profit:255256215217214213
Operating expenses(206)(167)(142)(133)(135)(152)
Other undisclosed operating loss(73)(70)(58)(57)(55)(40)
Operating income (loss):(23)1915272421
Nonoperating income (expense)
(Foreign Currency Transaction loss, before Tax)
     (1)
Interest and debt expense(20)(18)(4)(5)(6)(7)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes    (0)1
Income (loss) from continuing operations before equity method investments, income taxes:(44)111221814
Income (loss) from equity method investments01011(6)
Income (loss) from continuing operations before income taxes:(43)11123197
Income tax expense(1)(3)(9)(7)(7)(6)
Net income (loss) available to common stockholders, diluted:(44)(2)216122

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(44)(2)216122
Other comprehensive income (loss)0(5)8(23)(4)(6)
Comprehensive income (loss), net of tax, attributable to parent:(44)(7)10(7)8(5)

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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