Movado Group Inc. (MOV) Financial Statements (2024 and earlier)

Company Profile

Business Address 650 FROM ROAD
PARAMUS, NJ 07652
State of Incorp. NY
Fiscal Year End January 31
Industry (SIC) 3873 - Watches, Clocks, Clockwork Operated Devices, and Parts (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

10/31/2023
MRQ
1/31/2023
1/31/2022
1/31/2021
1/31/2020
1/31/2019
1/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments251,584277,128223,811185,872189,911214,811
Cash and cash equivalents251,584277,128223,811185,872189,911214,811
Receivables105,19099,499101,78178,38884,02683,098
Inventory, net of allowances, customer advances and progress billings186,203160,283152,580171,406165,311151,676
Inventory186,203160,283152,580171,406165,311151,676
Other current assets24,21216,97423,47928,88828,89832,015
Total current assets:567,189553,884501,651464,554468,146481,600
Noncurrent Assets
Operating lease, right-of-use asset80,89768,59976,07089,523
Property, plant and equipment18,69919,47022,34929,23826,06724,671
Intangible assets, net (including goodwill)9,64213,50717,081178,725184,21683,393
Goodwill    136,366136,03360,269
Intangible assets, net (excluding goodwill)9,64213,50717,08142,35948,18323,124
Deferred income tax assets44,49042,59642,507 
Other noncurrent assets66,78863,10459,59959,86556,76949,273
Other undisclosed noncurrent assets    25,40324,5036,443
Total noncurrent assets:220,516207,276217,606382,754291,555163,780
TOTAL ASSETS:787,705761,160719,257847,308759,701645,380
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities78,805137,773111,81094,217112,68375,296
Taxes payable18,12314,4528,21710,8312,989
Employee-related liabilities25,11718,0476,30218,77315,129
Accounts payable32,08546,01128,18735,48838,65024,364
Accrued liabilities46,72048,52251,12444,21044,42932,814
Debt  4912115,083 25,000
Other undisclosed current liabilities63,61513,64415,740   
Total current liabilities:142,420151,466127,671109,300112,683100,296
Noncurrent Liabilities
Long-term debt and lease obligation  62,73089,691133,95750,280 
Long-term debt, excluding current maturities   21,23051,91050,280 
Finance lease, liability   49170
Liabilities, other than long-term debt119,57850,26450,11548,39367,12041,686
Other liabilities48,66850,26450,11548,39367,12041,686
Operating lease, liability70,91062,73068,41281,877
Other undisclosed noncurrent liabilities15,16319,61421,84625,24929,24233,063
Total noncurrent liabilities:134,741132,608161,652207,599146,64274,749
Total liabilities:277,161284,074289,323316,899259,325175,045
Temporary equity, carrying amount  2,3112,6003,1653,721 
Equity
Equity, attributable to parent, including:507,606472,808425,264526,537496,655470,335
Treasury stock, value(281,576)(249,040)(223,306)(222,809)(217,188)(208,894)
Additional paid in capital230,782222,615214,043208,473201,814189,808
Accumulated other comprehensive income81,29585,29592,54085,05080,507100,343
Retained earnings476,752413,587341,641455,479431,180388,739
Other undisclosed equity, attributable to parent353351346344342339
Equity, attributable to noncontrolling interest2,9381,9672,070707  
Total equity:510,544474,775427,334527,244496,655470,335
TOTAL LIABILITIES AND EQUITY:787,705761,160719,257847,308759,701645,380

Income Statement (P&L) ($ in thousands)

10/31/2023
TTM
1/31/2023
1/31/2022
1/31/2021
1/31/2020
1/31/2019
1/31/2018
Revenues751,898732,393506,397700,966679,567567,953
Revenue, net567,953
Cost of revenue
(Cost of Goods and Services Sold)
(318,003)(313,328)(235,898)(326,077)(310,209)(269,875)
Gross profit:433,895419,065270,499374,889369,358298,078
Operating expenses(313,541)(301,574)(412,626)(331,898)(307,161)(254,878)
Operating income (loss):120,354117,491(142,127)42,99162,19743,200
Nonoperating income2,06953038786307452
Investment income, nonoperating   4586307452
Other nonoperating income2,069530342   
Interest and debt expense(518)(688)(1,959)(930)(771)(1,510)
Income (loss) from continuing operations before equity method investments, income taxes:121,905117,333(143,699)42,14761,73342,142
Other undisclosed income from continuing operations before income taxes   1,31715,356  
Income (loss) from continuing operations before income taxes:121,905117,333(142,382)57,50361,73342,142
Income tax expense (benefit)(24,882)(24,774)31,188(15,124)(162)(57,367)
Income (loss) from continuing operations:97,02392,559(111,194)42,37961,571(15,225)
Income (loss) before gain (loss) on sale of properties:92,559(111,194)42,37961,571(15,225)
Net income (loss):97,02392,559(111,194)42,37961,571(15,225)
Net income (loss) attributable to noncontrolling interest(2,495)(960)(324)32053 
Net income (loss) available to common stockholders, diluted:94,52891,599(111,518)42,69961,624(15,225)

Comprehensive Income ($ in thousands)

10/31/2023
TTM
1/31/2023
1/31/2022
1/31/2021
1/31/2020
1/31/2019
1/31/2018
Net income (loss):97,02392,559(111,194)42,37961,571(15,225)
Other comprehensive income (loss)(4,000)(7,245)7,4904,543(19,836)23,563
Comprehensive income (loss):93,02385,314(103,704)46,92241,7358,338
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(2,380)(540)(798)46327 
Comprehensive income (loss), net of tax, attributable to parent:90,64384,774(104,502)47,38541,7628,338

Statements Sources

The financial statements are based on the Company's filings with 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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