Movado Group Inc. (MOV) financial statements (2022 and earlier)

Company profile

Business Address 650 FROM ROAD
PARAMUS, NJ 07652
State of Incorp. NY
Fiscal Year End January 31
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)

1/31/2022
1/31/2021
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments277,128223,811185,872189,911214,811256,279228,188
Cash and cash equivalents277,128223,811185,872189,911214,811256,279228,188
Receivables99,499101,78178,38884,02683,09866,84771,030
Inventory, net of allowances, customer advances and progress billings160,283152,580171,406165,311151,676153,167162,465
Inventory160,283152,580171,406165,311151,676153,167162,465
Other current assets16,97423,47928,88828,89832,01528,48727,352
Total current assets:553,884501,651464,554468,146481,600504,780489,035
Noncurrent Assets
Operating lease, right-of-use asset68,59976,07089,523
Property, plant and equipment19,47022,34929,23826,06724,67134,17338,553
Long-term investments and receivables     (2,200)(1,600)
Accounts and financing receivable, after allowance for credit loss     (2,200)(1,600)
Intangible assets, net (including goodwill)13,50717,081178,725184,21683,3938,1007,900
Goodwill  136,366136,03360,269  
Intangible assets, net (excluding goodwill)13,50717,08142,35948,18323,1248,1007,900
Deferred income tax assets42,59642,507 
Other noncurrent assets63,10459,59959,86556,76949,27344,01237,259
Other undisclosed noncurrent assets  25,40324,5036,44318,93714,023
Total noncurrent assets:207,276217,606382,754291,555163,780103,02296,135
TOTAL ASSETS:761,160719,257847,308759,701645,380607,802585,170
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities137,773111,81094,217112,68375,29666,40273,182
Accounts payable46,01128,18735,48838,65024,36427,19227,308
Accrued liabilities48,52251,12444,21044,42932,81428,24128,570
Employee-related liabilities25,11718,0476,30218,77315,1296,82011,047
Taxes payable18,12314,4528,21710,8312,9894,1496,257
Debt4912115,083 25,0005,0005,000
Other undisclosed current liabilities13,64415,740     
Total current liabilities:151,466127,671109,300112,683100,29671,40278,182
Noncurrent Liabilities
Long-term debt and lease obligation62,73089,691133,95750,280 25,00035,000
Long-term debt, excluding current maturities 21,23051,91050,280 25,00035,000
Finance lease, liability 49170
Operating lease, liability62,73068,41281,877
Liabilities, other than long-term debt50,26450,11548,39367,12041,68634,08528,201
Other liabilities50,26450,11548,39367,12041,68634,08528,201
Other undisclosed noncurrent liabilities19,61421,84625,24929,24233,0633,3222,640
Total noncurrent liabilities:132,608161,652207,599146,64274,74962,40765,841
Total liabilities:284,074289,323316,899259,325175,045133,809144,023
Temporary equity, carrying amount2,3112,6003,1653,721   
Stockholders' equity
Stockholders' equity attributable to parent, including:472,808425,264526,537496,655470,335473,993440,552
Treasury stock, value(249,040)(223,306)(222,809)(217,188)(208,894)(204,398)(199,195)
Additional paid in capital222,615214,043208,473201,814189,808185,354178,118
Accumulated other comprehensive income85,29592,54085,05080,507100,34376,78068,505
Retained earnings413,587341,641455,479431,180388,739415,919392,788
Other undisclosed stockholders' equity attributable to parent351346344342339338336
Stockholders' equity attributable to noncontrolling interest1,9672,070707   595
Total stockholders' equity:474,775427,334527,244496,655470,335473,993441,147
TOTAL LIABILITIES AND EQUITY:761,160719,257847,308759,701645,380607,802585,170

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

1/31/2022
1/31/2021
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
Revenues732,393506,397700,966679,567567,953552,752594,923
Revenue, net567,953552,752594,923
Cost of revenue
(Cost of Goods and Services Sold)
(313,328)(235,898)(326,077)(310,209)(269,875)(257,935)(277,993)
Gross profit:419,065270,499374,889369,358298,078294,817316,930
Operating expenses(301,574)(412,626)(331,898)(307,161)(254,878)(240,836)(246,823)
Operating income (loss):117,491(142,127)42,99162,19743,20053,98170,107
Nonoperating income53038786307452219127
Investment income, nonoperating 4586307452219127
Other nonoperating income530342     
Interest and debt expense(688)(1,959)(930)(771)(1,510)(1,464)(1,109)
Income (loss) from continuing operations before equity method investments, income taxes:117,333(143,699)42,14761,73342,14252,73669,125
Other undisclosed income (loss) from continuing operations before income taxes 1,31715,356  (1,282) 
Income (loss) from continuing operations before income taxes:117,333(142,382)57,50361,73342,14251,45469,125
Income tax expense (benefit)(24,774)31,188(15,124)(162)(57,367)(16,315)(23,360)
Net income (loss):92,559(111,194)42,37961,571(15,225)35,13945,765
Net income (loss) attributable to noncontrolling interest(960)(324)32053 (78)(671)
Net income (loss) available to common stockholders, diluted:91,599(111,518)42,69961,624(15,225)35,06145,094

Comprehensive Income ($ in thousands)

1/31/2022
1/31/2021
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
Net income (loss):92,559(111,194)42,37961,571(15,225)35,13945,765
Other comprehensive income (loss)(7,245)7,4904,543(19,836)23,56310(10)
Other undisclosed comprehensive income (loss)     8,241(30,276)
Comprehensive income (loss):85,314(103,704)46,92241,7358,33843,39015,479
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(540)(798)46327 (54)(734)
Comprehensive income (loss), net of tax, attributable to parent:84,774(104,502)47,38541,7628,33843,33614,745

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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