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

Company profile

Business Address 1551 WEWATTA STREET
DENVER, CO 80202
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)

12/31/2020
TTM
3/31/2020
3/31/2019
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,8541,3695435661,228946972
Cash and cash equivalents3,2541,3695435661,228946972
Short-term investments599      
Receivables1,4121,3081,7091,4221,1981,3201,276
Inventory, net of allowances, customer advances and progress billings1,0761,2941,9431,7051,5691,6121,483
Inventory1,0761,2941,9431,7051,5691,6121,483
Disposal group, including discontinued operation561611 402   
Other current assets383445479297298286301
Other undisclosed current assets      154
Total current assets:7,2855,0274,6734,3924,2934,1634,186
Noncurrent Assets
Operating lease, right-of-use asset1,4771,274
Property, plant and equipment9569541,0571,003940988942
Intangible assets, net (including goodwill)3,0563,0113,7793,7823,5773,9014,259
Goodwill1,1941,1561,7551,6931,7371,7881,825
Intangible assets, net (excluding goodwill)1,8621,8552,0242,0901,8402,1132,434
Regulated entity, other noncurrent assets      10
Deposits noncurrent assets      34
Deferred costs      228
Other noncurrent assets971868847781930587594
Defined benefit plan, assets for plan benefits  1
Other undisclosed noncurrent assets      (273)
Total noncurrent assets:6,4596,1065,6835,5665,4465,4765,794
TOTAL ASSETS:13,74411,13310,3579,9599,7399,6409,980
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,0771,6671,9911,8991,5061,4792,062
Accounts payable412407695756665690691
Accrued liabilities1,6651,2601,2971,143841789904
Employee-related liabilities      211
Taxes payable      240
Interest and dividends payable      16
Debt3011,23067073628046326
Deferred compensation liability      32
Disposal group, including discontinued operation120127 111   
Deferred tax liabilities    6
Other undisclosed current liabilities      (506)
Total current liabilities:2,4983,0242,6622,7451,7851,9421,620
Noncurrent Liabilities
Long-term debt and lease obligation, including:5,7872,6082,1162,1882,0391,4021,424
Long-term debt, excluding current maturities 2,5862,0872,1522,0251,3841,402
Capital lease obligations2936141821
Operating lease, liability1,2121,021
Other undisclosed long-term debt and lease obligation4,575(998)     
Liabilities, other than long-term debt1,1101,1231,2811,3069749112,544
Deferred revenue and credits   91
Accounts payable and accrued liabilities      172
Deferred compensation liability, classified      263
Deferred tax liabilities, net    348
Liability, pension and other postretirement and postemployment benefits      364
Other liabilities1,1101,1231,2811,3069749111,305
Other undisclosed noncurrent liabilities1,2121,021    (1,239)
Total noncurrent liabilities:8,1084,7523,3973,4933,0132,3132,729
Total liabilities:10,6067,7766,0586,2394,7984,2554,349
Stockholders' equity
Stockholders' equity attributable to parent3,1383,3574,2993,7204,9415,3855,631
Common stock98979999104107108
Additional paid in capital3,7364,1843,9223,5233,3333,1932,993
Accumulated other comprehensive loss(996)(931)(902)(926)(1,041)(1,043)(702)
Retained earnings30071,1801,0242,5453,1293,232
Total stockholders' equity:3,1383,3574,2993,7204,9415,3855,631
TOTAL LIABILITIES AND EQUITY:13,74411,13310,3579,9599,7399,6409,980

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

12/31/2020
TTM
3/31/2020
3/31/2019
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues6,50910,48913,84911,81112,01912,37712,282
Revenue, net11,73611,90212,25112,155
Cost of revenue(2,916)(5,014)(6,827)(5,845)(6,276)(6,394)(6,598)
Cost of goods and services sold(3,134)(4,691)(6,827)(5,845)(6,196)(6,394)(6,598)
Gross profit:3,5935,4757,0215,9665,7435,9835,684
Operating expenses(3,661)(4,547)(5,345)(4,463)(4,244)(4,322)(4,945)
Other undisclosed operating income      699
Operating income (loss):(69)9281,6761,5031,4991,6611,438
Nonoperating income (expense)(23)(49)(40)151197
Investment income, nonoperating16202316977
Foreign currency transaction gain, before tax      6
Other nonoperating income (expense)(39)(69)(63)(1)22(6)
Interest and debt expense(165)(152)(108)(102)(95)(89)(87)
Other undisclosed loss from continuing operations before equity method investments, income taxes      (6)
Income (loss) from continuing operations before equity method investments, income taxes:(257)7271,5271,4161,4161,5801,352
Other undisclosed income from continuing operations before income taxes      752
Income (loss) from continuing operations before income taxes:(257)7271,5271,4161,4161,5802,104
Income tax expense (benefit)49(98)(268)(695)(243)(349)(305)
Income (loss) before gain (loss) on sale of properties:(208)6291,2597211,1731,2321,799
Other undisclosed net loss      (752)
Net income (loss):(208)6291,2597211,1731,2321,048
Other undisclosed net income (loss) attributable to parent75501(106)(98)  
Net income (loss) available to common stockholders, diluted:(133)6791,2606151,0741,2321,048

Comprehensive Income ($ in millions)

12/31/2020
TTM
3/31/2020
3/31/2019
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(208)6291,2597211,1731,2321,048
Other comprehensive income (loss)(116)(42)(38)1152(341)(491)
Comprehensive income (loss):(324)5871,2218371,174891557
Other undisclosed comprehensive income (loss), net of tax, attributable to parent106501(106)(98)  
Comprehensive income (loss), net of tax, attributable to parent:(218)6371,2227301,076891557

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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