The Lovesac Company (LOVE) financial statements (2021 and earlier)

Company profile

Business Address TWO LANDMARK SQUARE, SUITE 300
STAMFORD, CT 06901
State of Incorp. DE
Fiscal Year End January 31
SIC 5712 - Furniture 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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 4949
Cash and cash equivalents 4949
Receivables 74
Inventory, net of allowances, customer advances and progress billings 3626
Inventory 3626
Prepaid expense 86
Total current assets: 10085
Noncurrent Assets
Property, plant and equipment 2419
Other noncurrent assets 21
Total noncurrent assets: 2520
TOTAL ASSETS: 126105
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 3124
Accounts payable 2017
Accrued liabilities 94
Employee-related liabilities 12
Taxes payable 11
Other undisclosed current liabilities 21
Total current liabilities: 3225
Noncurrent Liabilities
Long-term debt and lease obligation  0
Long-term debt, excluding current maturities  0
Liabilities, other than long-term debt 32
Deferred rent credit 32
Total noncurrent liabilities: 32
Total liabilities: 3626
Stockholders' equity
Stockholders' equity attributable to parent 9079
Common stock 00
Additional paid in capital 168142
Accumulated deficit (78)(63)
Total stockholders' equity: 9079
TOTAL LIABILITIES AND EQUITY: 126105

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

10/31/2020
TTM
1/31/2020
1/31/2019
Revenues 233166
Gain on disposition of assets for financial service operations 233 
Cost of revenue
(Cost of Goods and Services Sold)
 (117)(75)
Gross profit: 11791
Operating expenses (132)(98)
Operating loss: (16)(7)
Interest and debt expense (0)(0)
Other undisclosed income from continuing operations before equity method investments, income taxes 10
Loss from continuing operations before income taxes: (15)(7)
Income tax expense (0)(0)
Net loss attributable to parent: (15)(7)
Preferred stock dividends and other adjustments  28
Other undisclosed net loss available to common stockholders, basic  (56)
Net loss available to common stockholders, diluted: (15)(35)

Comprehensive Income ($ in millions)

10/31/2020
TTM
1/31/2020
1/31/2019
Net loss: (15)(7)
Comprehensive loss, net of tax, attributable to parent: (15)(7)

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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