Ralph Lauren Corporation (RL) financial statements (2023 and earlier)

Company profile

Business Address 650 MADISON AVENUE
NEW YORK, NY 10022
State of Incorp. DE
Fiscal Year End March 31
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)

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,9872,7772,1161,9882,0041,3531,085
Cash and cash equivalents2,2772,5791,6205841,305668456
Short-term investments7101984961,403699685629
Restricted cash and investments22112161017
Receivables459480304429459530575
Inventory, net of allowances, customer advances and progress billings9297597368187617921,125
Inventory9297597368187617921,125
Prepaid expense21161748444244
Derivative instruments and hedges, assets361420122316
Other undisclosed current assets166169187281252206191
Total current assets:4,5674,2083,3753,5953,5482,9553,053
Noncurrent Assets
Finance lease, right-of-use asset  166
Operating lease, right-of-use asset1,1321,2401,512
Property, plant and equipment9651,0149801,0391,1861,3161,583
Intangible assets, net (including goodwill)1,0281,0561,0571,0831,1391,1241,162
Goodwill920935916920951905918
Intangible assets, net (excluding goodwill)108121141164188220244
Other noncurrent assets10486112159184131296
Deferred tax assets, net1750114102
Other undisclosed noncurrent assets3402847950371217
Total noncurrent assets:3,5683,6803,9052,3482,5952,6983,160
TOTAL ASSETS:8,1367,8887,2805,9436,1435,6526,213
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities593407312232196177184
Accounts payable473356247202166148151
Taxes payable120516529303033
Debt499 1,063 308 116
Other liabilities1,0748757179681,083983898
Other undisclosed current liabilities264303     
Total current liabilities:2,4301,5852,0921,2001,5871,1601,198
Noncurrent Liabilities
Long-term debt and lease obligation2,3052,9271,965689288588597
Long-term debt, excluding current maturities1,1361,633396689288588597
Operating lease, liability1,1691,2951,568
Liabilities, other than long-term debt678771530766811604674
Accounts payable and accrued liabilities105119133147125  
Liability for uncertainty in income taxes75918979796381
Other liabilities498561309541607542593
Total noncurrent liabilities:2,9833,6982,4951,4561,0991,1931,271
Total liabilities:5,4135,2834,5872,6562,6862,3522,469
Stockholders' equity
Stockholders' equity attributable to parent, including:2,7232,6042,6933,2873,4573,3003,744
Treasury stock, value(6,157)(5,816)(5,778)(5,084)(4,581)(4,564)(4,349)
Additional paid in capital2,7302,6672,5942,4942,3832,3092,258
Accumulated other comprehensive loss(150)(121)(118)(103)(99)(198)(181)
Retained earnings6,2995,8735,9945,9795,7525,7526,015
Other undisclosed stockholders' equity attributable to parent1111111
Total stockholders' equity:2,7232,6042,6933,2873,4573,3003,744
TOTAL LIABILITIES AND EQUITY:8,1367,8887,2805,9436,1435,6526,213

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

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
Revenues4,2114,4016,1606,3136,1826,6537,405
Revenue, net6,1826,6537,405
Cost of revenue(1,227)(1,539)(2,507)(2,427)(2,431)(3,002)(3,218)
Cost of goods and services sold    (2,431)(3,002)(3,218)
Gross profit:2,9842,8613,6533,8863,7523,6514,187
Operating expenses(2,867)(2,905)(3,336)(3,324)(3,254)(3,746)(3,605)
Operating income (loss):117(44)317562498(95)582
Nonoperating income (expense)108(7)1(3)82
Foreign currency transaction gain (loss), before tax     1(4)
Other nonoperating income (expense)108(7)1(3)66
Interest and debt expense(76)(49)(18)(21)(18)(12)(21)
Income (loss) from continuing operations before equity method investments, income taxes:51(85)292542477(100)563
Loss from equity method investments     (5)(11)
Other undisclosed income (loss) from continuing operations before income taxes(14)10344112  
Income (loss) from continuing operations before income taxes:37(75)326583489(105)552
Income tax expense (benefit)(216)(46)58(152)(326)6(156)
Net income (loss) available to common stockholders, diluted:(179)(121)384431163(99)396

Comprehensive Income ($ in millions)

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
Net income (loss):(179)(121)384431163(99)396
Other comprehensive income (loss)(17)(3)(15)(5)100(17)(16)
Comprehensive income (loss), net of tax, attributable to parent:(196)(124)370426263(116)380

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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