PVH Corp. (PVH) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
285 MADISON AVENUE NEW YORK, NY 10017 |
| State of Incorp. | DE |
| Fiscal Year End | January 31 |
| Industry (SIC) | 232 - Men's And Boys' Furnishings, Work Clothing, And Allied Garments (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 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 investments | 551 | 1,243 | 1,651 | 503 | 452 | 494 | |||
| Cash and cash equivalents | 551 | 1,243 | 1,651 | 503 | 452 | 494 | |||
| Receivables | 924 | 745 | 642 | 741 | 778 | 659 | |||
| Inventory, net of allowances, customer advances and progress billings | 1,803 | 1,349 | 1,417 | 1,616 | 1,732 | 1,591 | |||
| Inventory | 1,803 | 1,349 | 1,417 | 1,616 | 1,732 | 1,591 | |||
| Prepaid expense | 209 | 169 | 158 | 160 | 169 | 185 | |||
| Disposal group, including discontinued operation | 237 | ||||||||
| Other current assets | 73 | 128 | 50 | 113 | 82 | 65 | |||
| Other undisclosed current assets | 22 | 20 | 25 | 24 | 26 | 38 | |||
| Total current assets: | 3,580 | 3,654 | 3,944 | 3,394 | 3,239 | 3,031 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 1,296 | 1,349 | 1,565 | 1,676 | ✕ | ✕ | |||
| Property, plant and equipment | 904 | 906 | 943 | 1,027 | 985 | 900 | |||
| Intangible assets, net (including goodwill) | 2,359 | 2,829 | 2,954 | 3,678 | 3,671 | 3,835 | |||
| Goodwill | 2,359 | 2,829 | 2,954 | 3,678 | 3,671 | 3,835 | |||
| Intangible assets, net (excluding goodwill) | |||||||||
| Other noncurrent assets | 379 | 352 | 370 | 376 | 401 | 394 | |||
| Other undisclosed noncurrent assets | 3,250 | 3,307 | 3,518 | 3,481 | 3,569 | 3,727 | |||
| Total noncurrent assets: | 8,188 | 8,743 | 9,350 | 10,237 | 8,625 | 8,855 | |||
| TOTAL ASSETS: | 11,768 | 12,397 | 13,294 | 13,631 | 11,864 | 11,886 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 2,201 | 2,322 | 2,064 | 1,812 | 1,816 | 1,813 | |||
| Accounts payable | 1,327 | 1,221 | 1,124 | 883 | 924 | 890 | |||
| Accrued liabilities | 874 | 1,101 | 940 | 930 | 892 | 923 | |||
| Deferred revenue | 54 | 45 | 56 | 65 | ✕ | ✕ | |||
| Debt | 158 | 46 | 46 | 427 | 13 | 20 | |||
| Disposal group, including discontinued operation | 57 | ||||||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 39 | ||
| Other undisclosed current liabilities | 354 | 375 | 416 | 65 | |||||
| Total current liabilities: | 2,768 | 2,788 | 2,582 | 2,361 | 1,894 | 1,872 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 2,177 | 3,532 | 4,944 | 4,226 | 2,819 | 3,061 | |||
| Long-term debt, excluding current maturities | 2,177 | 2,318 | 3,514 | 2,694 | 2,819 | 3,061 | |||
| Liabilities, other than long-term debt | 1,811 | 789 | 1,040 | 1,235 | 1,322 | 1,414 | |||
| Other liabilities | 671 | 789 | 1,040 | 1,235 | 1,322 | 1,414 | |||
| Operating lease, liability | 1,140 | 1,214 | 1,431 | 1,532 | ✕ | ✕ | |||
| Total noncurrent liabilities: | 3,988 | 4,321 | 5,984 | 5,460 | 4,142 | 4,476 | |||
| Total liabilities: | 6,756 | 7,108 | 8,567 | 7,822 | 6,036 | 6,347 | |||
| Temporary equity, carrying amount | 3 | (2) | 0 | 2 | |||||
| Equity | |||||||||
| Equity, attributable to parent | 5,013 | 5,289 | 4,730 | 5,812 | 5,828 | 5,536 | |||
| Common stock | 88 | 87 | 86 | 86 | 85 | 85 | |||
| Treasury stock, value | (2,359) | (1,947) | (1,580) | (1,463) | (1,117) | (793) | |||
| Additional paid in capital | 3,245 | 3,198 | 3,129 | 3,075 | 3,017 | 2,941 | |||
| Accumulated other comprehensive loss | (713) | (613) | (519) | (640) | (508) | (322) | |||
| Retained earnings | 4,753 | 4,563 | 3,613 | 4,753 | 4,350 | 3,625 | |||
| Total equity: | 5,013 | 5,289 | 4,730 | 5,812 | 5,828 | 5,536 | |||
| Other undisclosed liabilities and equity | (7) | ||||||||
| TOTAL LIABILITIES AND EQUITY: | 11,768 | 12,397 | 13,294 | 13,631 | 11,864 | 11,886 | |||
Income Statement (P&L) ($ in millions)
| 10/31/2023 TTM | 1/31/2023 | 1/31/2022 | 1/31/2021 | 1/31/2020 | 1/31/2019 | 1/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 9,024 | 9,155 | 7,133 | 9,909 | 9,657 | 8,915 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 8,915 | |
| Cost of revenue (Cost of Goods and Services Sold) | (3,901) | (3,831) | (3,356) | (4,521) | (4,349) | (4,020) | ||
| Gross profit: | 5,123 | 5,324 | 3,777 | 5,388 | 5,308 | 4,894 | ||
| Operating expenses | (4,795) | (4,454) | (3,983) | (4,715) | (4,433) | (4,314) | ||
| Other operating income, net (Other Nonrecurring (Income) Expense) | 119 | |||||||
| Other undisclosed operating income (loss) | 142 | 88 | (865) | (115) | 16 | 52 | ||
| Operating income (loss): | 471 | 1,077 | (1,072) | 559 | 892 | 632 | ||
| Nonoperating income | 7 | 4 | 4 | 5 | 5 | 17 | ||
| Investment income, nonoperating | 7 | 4 | 4 | 5 | 5 | 6 | ||
| Gain, foreign currency transaction, before tax | 10 | |||||||
| Interest and debt expense | (90) | (109) | (126) | (120) | (121) | (129) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 388 | 973 | (1,193) | 444 | 776 | 520 | ||
| Income from equity method investments | 10 | |||||||
| Other undisclosed loss from continuing operations before income taxes | (20) | |||||||
| Income (loss) from continuing operations before income taxes: | 388 | 973 | (1,193) | 444 | 776 | 510 | ||
| Income tax expense (benefit) | (188) | (21) | 56 | (29) | (31) | 26 | ||
| Income (loss) from continuing operations: | 200 | 952 | (1,138) | 415 | 745 | 536 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | 952 | (1,138) | 415 | 745 | 536 | |
| Net income (loss): | 200 | 952 | (1,138) | 415 | 745 | 536 | ||
| Net income attributable to noncontrolling interest | 0 | 1 | 2 | 2 | 2 | |||
| Net income (loss) available to common stockholders, diluted: | 200 | 952 | (1,136) | 417 | 746 | 538 | ||
Comprehensive Income ($ in millions)
| 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): | 200 | 952 | (1,138) | 415 | 745 | 536 | ||
| Other comprehensive income (loss) | (100) | (94) | 121 | (132) | (186) | 391 | ||
| Comprehensive income (loss): | 100 | 858 | (1,017) | 283 | 558 | 928 | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 0 | 1 | 2 | 2 | 2 | |||
| Comprehensive income (loss), net of tax, attributable to parent: | 100 | 859 | (1,015) | 285 | 560 | 929 | ||
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.