V.F. Corporation (VFC) financial statements (2021 and earlier)

Company profile

Business Address 8505 E. ORCHARD ROAD
GREENWOOD VILLAGE, CO 80111
State of Incorp. PA
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)

12/31/2019
TTM
3/31/2019
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5845435661,228946972776
Cash and cash equivalents5845435661,228946972776
Receivables1,6421,7091,4221,1981,3201,2761,360
Inventory, net of allowances, customer advances and progress billings1,5651,9431,7051,5691,6121,4831,399
Inventory1,5651,9431,7051,5691,6121,4831,399
Disposal group, including discontinued operation  402    
Other current assets365479297298286301178
Other undisclosed current assets     154169
Total current assets:4,1564,6734,3924,2934,1634,1863,883
Noncurrent Assets
Operating lease, right-of-use asset1,299
Property, plant and equipment9091,0571,003940988942933
Intangible assets, net (including goodwill)3,4883,7793,7823,5773,9014,2594,982
Goodwill1,5401,7551,6931,7371,7881,8252,022
Intangible assets, net (excluding goodwill)1,9482,0242,0901,8402,1132,4342,960
Derivative instruments and hedges      3
Regulated entity, other noncurrent assets     1011
Deposits noncurrent assets     3433
Deferred costs     228 
Other noncurrent assets963847781930587594518
Defined benefit plan, assets for plan benefits  1 
Other undisclosed noncurrent assets     (273)(48)
Total noncurrent assets:6,6595,6835,5665,4465,4765,7946,432
TOTAL ASSETS:10,81410,3579,9599,7399,6409,98010,315
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,9011,9911,8991,5061,4792,0621,957
Accounts payable457695756665690691639
Accrued liabilities1,4441,2971,143841789904905
Employee-related liabilities     211187
Taxes payable     240226
Interest and dividends payable     16 
Debt616707362804632624
Deferred compensation liability     3232
Derivative instruments and hedges, liabilities      37
Disposal group, including discontinued operation  111    
Deferred tax liabilities    69
Other undisclosed current liabilities     (506)(490)
Total current liabilities:1,9622,6622,7451,7851,9421,6201,568
Noncurrent Liabilities
Long-term debt and lease obligation2,1102,1162,1882,0391,4021,4241,427
Long-term debt, excluding current maturities 2,0872,1522,0251,3841,4021,402
Finance lease, liability25
Capital lease obligations293614182125
Operating lease, liability1,053
Other undisclosed long-term debt and lease obligation1,033      
Liabilities, other than long-term debt1,1211,2811,3069749112,5442,381
Deferred revenue and credits   9186
Pension and other postretirement defined benefit plans, liabilities214
Accounts payable and accrued liabilities     172 
Accrued income taxes129
Deferred compensation liability, classified     263245
Deferred tax liabilities, net    348453
Liability, pension and other postretirement and postemployment benefits     364
Other liabilities1,1211,2811,3069749111,3051,244
Derivative instruments and hedges, liabilities      10
Other undisclosed noncurrent liabilities1,053    (1,239)(1,137)
Total noncurrent liabilities:4,2853,3973,4933,0132,3132,7292,670
Total liabilities:6,2476,0586,2394,7984,2554,3494,238
Stockholders' equity
Stockholders' equity attributable to parent4,5684,2993,7204,9415,3855,6316,077
Common stock999999104107108110
Additional paid in capital4,1823,9223,5233,3333,1932,9932,747
Accumulated other comprehensive loss(895)(902)(926)(1,041)(1,043)(702)(212)
Retained earnings1,1821,1801,0242,5453,1293,2323,432
Total stockholders' equity:4,5684,2993,7204,9415,3855,6316,077
TOTAL LIABILITIES AND EQUITY:10,81410,3579,9599,7399,6409,98010,315

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

12/31/2019
TTM
3/31/2019
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues12,26213,84911,81112,01912,37712,28211,420
Revenue, net11,73611,90212,25112,15511,302
Cost of revenue(5,729)(6,827)(5,845)(6,276)(6,394)(6,598)(6,230)
Cost of goods and services sold(5,729)(6,827)(5,845)(6,196)(6,394)(6,598)(6,230)
Gross profit:6,5337,0215,9665,7435,9835,6845,190
Operating expenses(5,048)(5,345)(4,463)(4,244)(4,322)(4,945)(4,263)
Other undisclosed operating income     699721
Operating income:1,4861,6761,5031,4991,6611,4381,647
Nonoperating income (expense)5(40)151197(4)
Investment income, nonoperating292316977 
Foreign currency transaction gain, before tax     6 
Other nonoperating income (expense)(25)(63)(1)22(6)(4)
Interest and debt expense(89)(108)(102)(95)(89)(87)(85)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes     (6)4
Income from continuing operations before equity method investments, income taxes:1,4011,5271,4161,4161,5801,3521,562
Other undisclosed income from continuing operations before income taxes     752367
Income from continuing operations before income taxes:1,4011,5271,4161,4161,5802,1041,930
Income tax expense(73)(268)(695)(243)(349)(305)(352)
Income before gain (loss) on sale of properties:1,3281,2597211,1731,2321,7991,578
Other undisclosed net loss     (752)(367)
Net income:1,3281,2597211,1731,2321,0481,210
Other undisclosed net income (loss) attributable to parent(36)1(106)(98)   
Net income available to common stockholders, diluted:1,2921,2606151,0741,2321,0481,210

Comprehensive Income ($ in millions)

12/31/2019
TTM
3/31/2019
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:1,3281,2597211,1731,2321,0481,210
Other comprehensive income (loss)(90)(38)1152(341)(491)242
Comprehensive income:1,2381,2218371,1748915571,452
Other undisclosed comprehensive income (loss), net of tax, attributable to parent321(106)(98)   
Comprehensive income, net of tax, attributable to parent:1,2701,2227301,0768915571,452

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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