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 investments | 3,854 | 1,369 | 543 | 566 | 1,228 | 946 | 972 | ||
| Cash and cash equivalents | 3,254 | 1,369 | 543 | 566 | 1,228 | 946 | 972 | ||
| Short-term investments | 599 | ||||||||
| Receivables | 1,412 | 1,308 | 1,709 | 1,422 | 1,198 | 1,320 | 1,276 | ||
| Inventory, net of allowances, customer advances and progress billings | 1,076 | 1,294 | 1,943 | 1,705 | 1,569 | 1,612 | 1,483 | ||
| Inventory | 1,076 | 1,294 | 1,943 | 1,705 | 1,569 | 1,612 | 1,483 | ||
| Disposal group, including discontinued operation | 561 | 611 | 402 | ||||||
| Other current assets | 383 | 445 | 479 | 297 | 298 | 286 | 301 | ||
| Other undisclosed current assets | 154 | ||||||||
| Total current assets: | 7,285 | 5,027 | 4,673 | 4,392 | 4,293 | 4,163 | 4,186 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 1,477 | 1,274 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 956 | 954 | 1,057 | 1,003 | 940 | 988 | 942 | ||
| Intangible assets, net (including goodwill) | 3,056 | 3,011 | 3,779 | 3,782 | 3,577 | 3,901 | 4,259 | ||
| Goodwill | 1,194 | 1,156 | 1,755 | 1,693 | 1,737 | 1,788 | 1,825 | ||
| Intangible assets, net (excluding goodwill) | 1,862 | 1,855 | 2,024 | 2,090 | 1,840 | 2,113 | 2,434 | ||
| Regulated entity, other noncurrent assets | 10 | ||||||||
| Deposits noncurrent assets | 34 | ||||||||
| Deferred costs | 228 | ||||||||
| Other noncurrent assets | 971 | 868 | 847 | 781 | 930 | 587 | 594 | ||
| Defined benefit plan, assets for plan benefits | ✕ | ✕ | ✕ | ✕ | 1 | ||||
| Other undisclosed noncurrent assets | (273) | ||||||||
| Total noncurrent assets: | 6,459 | 6,106 | 5,683 | 5,566 | 5,446 | 5,476 | 5,794 | ||
| TOTAL ASSETS: | 13,744 | 11,133 | 10,357 | 9,959 | 9,739 | 9,640 | 9,980 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 2,077 | 1,667 | 1,991 | 1,899 | 1,506 | 1,479 | 2,062 | ||
| Accounts payable | 412 | 407 | 695 | 756 | 665 | 690 | 691 | ||
| Accrued liabilities | 1,665 | 1,260 | 1,297 | 1,143 | 841 | 789 | 904 | ||
| Employee-related liabilities | 211 | ||||||||
| Taxes payable | 240 | ||||||||
| Interest and dividends payable | 16 | ||||||||
| Debt | 301 | 1,230 | 670 | 736 | 280 | 463 | 26 | ||
| Deferred compensation liability | 32 | ||||||||
| Disposal group, including discontinued operation | 120 | 127 | 111 | ||||||
| Deferred tax liabilities | ✕ | ✕ | 6 | ||||||
| Other undisclosed current liabilities | (506) | ||||||||
| Total current liabilities: | 2,498 | 3,024 | 2,662 | 2,745 | 1,785 | 1,942 | 1,620 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 5,787 | 2,608 | 2,116 | 2,188 | 2,039 | 1,402 | 1,424 | ||
| Long-term debt, excluding current maturities | 2,586 | 2,087 | 2,152 | 2,025 | 1,384 | 1,402 | |||
| Capital lease obligations | ✕ | ✕ | 29 | 36 | 14 | 18 | 21 | ||
| Operating lease, liability | 1,212 | 1,021 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other undisclosed long-term debt and lease obligation | 4,575 | (998) | |||||||
| Liabilities, other than long-term debt | 1,110 | 1,123 | 1,281 | 1,306 | 974 | 911 | 2,544 | ||
| 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 liabilities | 1,110 | 1,123 | 1,281 | 1,306 | 974 | 911 | 1,305 | ||
| Other undisclosed noncurrent liabilities | 1,212 | 1,021 | (1,239) | ||||||
| Total noncurrent liabilities: | 8,108 | 4,752 | 3,397 | 3,493 | 3,013 | 2,313 | 2,729 | ||
| Total liabilities: | 10,606 | 7,776 | 6,058 | 6,239 | 4,798 | 4,255 | 4,349 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 3,138 | 3,357 | 4,299 | 3,720 | 4,941 | 5,385 | 5,631 | ||
| Common stock | 98 | 97 | 99 | 99 | 104 | 107 | 108 | ||
| Additional paid in capital | 3,736 | 4,184 | 3,922 | 3,523 | 3,333 | 3,193 | 2,993 | ||
| Accumulated other comprehensive loss | (996) | (931) | (902) | (926) | (1,041) | (1,043) | (702) | ||
| Retained earnings | 300 | 7 | 1,180 | 1,024 | 2,545 | 3,129 | 3,232 | ||
| Total stockholders' equity: | 3,138 | 3,357 | 4,299 | 3,720 | 4,941 | 5,385 | 5,631 | ||
| TOTAL LIABILITIES AND EQUITY: | 13,744 | 11,133 | 10,357 | 9,959 | 9,739 | 9,640 | 9,980 | ||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 6,509 | 10,489 | 13,849 | 11,811 | 12,019 | 12,377 | 12,282 | |
| Revenue, net | ✕ | ✕ | ✕ | 11,736 | 11,902 | 12,251 | 12,155 | |
| 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: | 3,593 | 5,475 | 7,021 | 5,966 | 5,743 | 5,983 | 5,684 | |
| 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) | 928 | 1,676 | 1,503 | 1,499 | 1,661 | 1,438 | |
| Nonoperating income (expense) | (23) | (49) | (40) | 15 | 11 | 9 | 7 | |
| Investment income, nonoperating | 16 | 20 | 23 | 16 | 9 | 7 | 7 | |
| Foreign currency transaction gain, before tax | 6 | |||||||
| Other nonoperating income (expense) | (39) | (69) | (63) | (1) | 2 | 2 | (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) | 727 | 1,527 | 1,416 | 1,416 | 1,580 | 1,352 | |
| Other undisclosed income from continuing operations before income taxes | 752 | |||||||
| Income (loss) from continuing operations before income taxes: | (257) | 727 | 1,527 | 1,416 | 1,416 | 1,580 | 2,104 | |
| Income tax expense (benefit) | 49 | (98) | (268) | (695) | (243) | (349) | (305) | |
| Income (loss) before gain (loss) on sale of properties: | (208) | 629 | 1,259 | 721 | 1,173 | 1,232 | 1,799 | |
| Other undisclosed net loss | (752) | |||||||
| Net income (loss): | (208) | 629 | 1,259 | 721 | 1,173 | 1,232 | 1,048 | |
| Other undisclosed net income (loss) attributable to parent | 75 | 50 | 1 | (106) | (98) | |||
| Net income (loss) available to common stockholders, diluted: | (133) | 679 | 1,260 | 615 | 1,074 | 1,232 | 1,048 | |
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) | 629 | 1,259 | 721 | 1,173 | 1,232 | 1,048 | |
| Other comprehensive income (loss) | (116) | (42) | (38) | 115 | 2 | (341) | (491) | |
| Comprehensive income (loss): | (324) | 587 | 1,221 | 837 | 1,174 | 891 | 557 | |
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 106 | 50 | 1 | (106) | (98) | |||
| Comprehensive income (loss), net of tax, attributable to parent: | (218) | 637 | 1,222 | 730 | 1,076 | 891 | 557 | |
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.