Balance Sheet PVH Corp.

Equities

PVH

US6936561009

Apparel & Accessories

Market Closed - Nyse Other stock markets 16:00:02 2024-09-10 EDT			5-day change	1st Jan Change
92.99 ^USD	-2.42%		-3.83%	-23.85%

09-06	Morgan Stanley Cuts Price Target on PVH to $100 From $120, Maintains Equalweight Rating	MT
09-05	Transcript : PVH Corp. Presents at Goldman Sachs 31st Annual Global Retailing Conference, Sep-05-2024 10:20 AM

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Published financial data: PVH CORP.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: February	2020	2021	2022	2023	2024
Revenues	9.91B	7.13B	9.15B	9.02B	9.22B
Total Revenues	9.91B	7.13B	9.15B	9.02B	9.22B
Cost of Goods Sold, Total	4.51B	3.36B	3.83B	3.9B	3.85B
Gross Profit	5.4B	3.78B	5.32B	5.12B	5.36B
Selling General & Admin Expenses, Total	4.64B	3.81B	4.35B	4.25B	4.43B
Other Operating Expenses, Total	4.64B	3.81B	4.35B	4.25B	4.43B
Operating Income	758M	-37.4M	974M	876M	935M
Interest Expense, Total	-120M	-126M	-109M	-89.6M	-99.3M
Interest And Investment Income	5.3M	4.2M	4.4M	7.1M	11.5M
Net Interest Expenses	-115M	-121M	-104M	-82.5M	-87.8M
Income (Loss) On Equity Invest.	9.6M	-4.6M	23.7M	50.4M	45.7M
Currency Exchange Gains (Loss)	-	-	-	-	-
Other Non Operating Income (Expenses)	-	-	119M	-	-
EBT, Excl. Unusual Items	653M	-163M	1.01B	844M	893M
Restructuring Charges	-103M	-68.7M	-47.6M	-43M	-61.3M
Merger & Related Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-	-879M	-	-417M	-
Gain (Loss) On Sale Of Investments	113M	-	-	-	-
Gain (Loss) On Sale Of Assets	-142M	-3.1M	-	-	15.3M
Asset Writedown	-71.7M	-129M	-18.9M	-	-5.7M
Other Unusual Items	-5.2M	50.3M	26.9M	4.8M	-
EBT, Incl. Unusual Items	444M	-1.19B	973M	388M	841M
Income Tax Expense	28.9M	-55.5M	20.7M	188M	177M
Earnings From Continuing Operations	415M	-1.14B	952M	200M	664M
Net Income to Company	415M	-1.14B	952M	200M	664M
Minority Interest	2.2M	1.4M	300K	-	-
Net Income - (IS)	417M	-1.14B	952M	200M	664M
Net Income to Common Incl Extra Items	417M	-1.14B	952M	200M	664M
Net Income to Common Excl. Extra Items	417M	-1.14B	952M	200M	664M
Per Share Items
Net EPS - Basic	5.62	-15.96	13.45	3.05	10.88
Basic EPS - Continuing Operations	5.62	-15.96	13.45	3.05	10.88
Basic Weighted Average Shares Outstanding	74.2M	71.2M	70.8M	65.7M	61M
Net EPS - Diluted	5.6	-15.96	13.25	3.03	10.76
Diluted EPS - Continuing Operations	5.6	-15.96	13.25	3.03	10.76
Diluted Weighted Average Shares Outstanding	74.6M	71.2M	71.9M	66.2M	61.7M
Normalized Basic EPS	5.53	-1.41	8.94	8.02	9.15
Normalized Diluted EPS	5.5	-1.41	8.8	7.96	9.04
Dividend Per Share	0.15	0.04	0.04	0.15	0.15
Payout Ratio	2.71	-0.24	0.28	5.04	1.42
Supplemental Items
EBITDA	1.08B	284M	1.28B	1.17B	1.22B
EBITA	798M	-3.1M	1.01B	908M	958M
EBIT	758M	-37.4M	974M	876M	935M
EBITDAR	1.71B	861M	1.86B	1.72B	1.79B
Total Revenues (As Reported)	9.91B	7.13B	9.15B	9.02B	9.22B
Effective Tax Rate - (Ratio)	6.51	4.65	2.13	48.38	21.09
Current Domestic Taxes	-26.1M	-19.1M	-68.1M	-13.1M	5.4M
Current Foreign Taxes	128M	108M	154M	191M	186M
Total Current Taxes	102M	89.2M	85.6M	178M	192M
Deferred Domestic Taxes	-69.1M	-122M	-73.1M	-4.3M	-18M
Deferred Foreign Taxes	-3.8M	-22.2M	8.2M	14.1M	3.6M
Total Deferred Taxes	-72.9M	-145M	-64.9M	9.8M	-14.4M
Normalized Net Income	410M	-101M	633M	527M	558M
Interest on Long-Term Debt	2.2M	400K	300K	200K	200K
Non-Cash Pension Expense	89.2M	-78.1M	-64.5M	-90.9M	-47.6M
Supplemental Operating Expense Items
Advertising Expense	510M	379M	536M	492M	534M
Selling and Marketing Expenses	510M	379M	536M	492M	534M
Net Rental Expense, Total	629M	577M	583M	549M	571M
Imputed Operating Lease Interest Expense	161M	115M	108M	101M	123M
Imputed Operating Lease Depreciation	468M	462M	475M	448M	448M
Stock-Based Comp., Other (Total)	56.1M	50.5M	46.8M	46.6M	51.9M
Total Stock-Based Compensation	56.1M	50.5M	46.8M	46.6M	51.9M

Fiscal Period: February	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	503M	1.65B	1.24B	551M	708M
Trading Asset Securities, Total	100K	-	-	-	-
Total Cash And Short Term Investments	504M	1.65B	1.24B	551M	708M
Accounts Receivable, Total	741M	642M	745M	924M	793M
Other Receivables	23.7M	25.1M	20.1M	21.5M	13.9M
Total Receivables	765M	667M	765M	945M	807M
Inventory	1.62B	1.42B	1.35B	1.8B	1.42B
Prepaid Expenses	160M	158M	169M	209M	238M
Deferred Tax Assets Current	-	-	-	-	-
Restricted Cash	-	-	-	-	-
Other Current Assets, Total	350M	50.4M	128M	72.7M	87.5M
Total Current Assets	3.39B	3.94B	3.65B	3.58B	3.26B
Gross Property Plant And Equipment	4.28B	4.26B	4B	4.1B	3.98B
Accumulated Depreciation	-1.58B	-1.75B	-1.75B	-1.9B	-1.9B
Net Property Plant And Equipment	2.7B	2.51B	2.26B	2.2B	2.08B
Long-term Investments	176M	164M	165M	190M	216M
Goodwill	3.68B	2.95B	2.83B	2.36B	2.32B
Other Intangibles, Total	3.48B	3.52B	3.31B	3.25B	3.1B
Loans Receivable Long-Term	-	-	-	-	-
Deferred Tax Assets Long-Term	40.3M	57.2M	46.1M	33.8M	33.8M
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	159M	149M	141M	155M	168M
Total Assets	13.63B	13.29B	12.4B	11.77B	11.17B
Liabilities
Accounts Payable, Total	883M	1.12B	1.22B	1.33B	1.07B
Accrued Expenses, Total	900M	877M	1.1B	836M	748M
Short-term Borrowings	49.6M	-	10.8M	46.2M	-
Current Portion of Long-Term Debt	19.3M	44.3M	34.8M	112M	578M
Current Portion of Leases	368M	427M	379M	358M	293M
Unearned Revenue Current, Total	64.7M	55.8M	44.9M	54.3M	55.5M
Deferred Tax Liability Current	-	-	-	-	-
Other Current Liabilities	76.1M	54.7M	1.7M	33.2M	23.9M
Total Current Liabilities	2.36B	2.58B	2.79B	2.77B	2.77B
Long-Term Debt	2.69B	3.52B	2.32B	2.18B	1.59B
Long-Term Leases	1.54B	1.44B	1.22B	1.15B	1.08B
Unearned Revenue Non Current	10.3M	13.4M	15M	12.1M	9.4M
Deferred Tax Liability Non Current	558M	418M	374M	358M	346M
Other Non Current Liabilities	656M	599M	394M	294M	254M
Total Liabilities	7.82B	8.57B	7.11B	6.76B	6.05B
Common Stock, Total	85.9M	86.3M	87.1M	87.6M	88.6M
Additional Paid In Capital	3.08B	3.13B	3.2B	3.24B	3.31B
Retained Earnings	4.75B	3.61B	4.56B	4.75B	5.41B
Treasury Stock	-1.46B	-1.58B	-1.95B	-2.36B	-2.94B
Comprehensive Income and Other	-640M	-519M	-613M	-713M	-754M
Total Common Equity	5.81B	4.73B	5.29B	5.01B	5.12B
Minority Interest	-2M	-3.4M	-	-	-
Total Equity	5.81B	4.73B	5.29B	5.01B	5.12B
Total Liabilities And Equity	13.63B	13.29B	12.4B	11.77B	11.17B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	70.88M	71.17M	68.01M	62.71M	57.69M
ECS Total Common Shares Outstanding	72.29M	71.16M	68.53M	62.71M	57.63M
Book Value / Share	80.39	66.47	77.17	79.94	88.82
Tangible Book Value	-1.35B	-1.74B	-847M	-596M	-301M
Tangible Book Value Per Share	-18.63	-24.48	-12.36	-9.51	-5.22
Total Debt	4.67B	5.42B	3.96B	3.84B	3.54B
Net Debt	4.17B	3.77B	2.72B	3.29B	2.84B
Debt Equivalent of Unfunded Proj. Benefit Obligation	233M	196M	152M	59.3M	25.3M
Debt Equivalent Oper. Leases	5.03B	4.62B	4.66B	4.39B	4.57B
Minority Interest, Total (Incl. Fin. Div)	-2M	-3.4M	-	-	-
Equity Method Investments, Total	176M	164M	165M	190M	216M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Finished Goods, Total	-	-	-	-	-
Inventories - Others	-	-	-	-	-
Land - (BS)	1M	1M	1M	1M	1M
Buildings, Total	53.2M	54.5M	30.6M	30.7M	30.7M
Machinery, Total	1.67B	1.75B	1.76B	1.92B	1.88B
Full Time Employees	21.5K	20K	19K	19K	17K
Part Time Employees	18.5K	13K	12K	12K	12K
Accumulated Allowance for Doubtful Accounts (Supple)	21.1M	69.6M	61.9M	42.6M	41.1M
Order Backlog	1.69B	-	-	-	-

Fiscal Period: February	2020	2021	2022	2023	2024
Net Income	417M	-1.14B	952M	200M	664M
Depreciation & Amortization - CF	283M	287M	267M	259M	259M
Amortization of Goodwill and Intangible Assets - (CF)	39.7M	34.3M	34.2M	32.1M	23.1M
Depreciation & Amortization, Total	323M	321M	301M	291M	282M
Amortization of Deferred Charges, Total - (CF)	900K	4.4M	6.2M	10.6M	16.9M
(Gain) Loss From Sale Of Asset	142M	3.1M	-119M	-	-15.3M
(Gain) Loss on Sale of Investments - (CF)	-113M	-	-	-	-
Asset Writedown & Restructuring Costs	110M	1.02B	52.9M	469M	5.7M
(Income) Loss On Equity Investments - (CF)	-9.6M	4.6M	-23.7M	-50.4M	-45.7M
Stock-Based Compensation (CF)	56.1M	50.5M	46.8M	46.6M	51.9M
Other Operating Activities, Total	27.9M	-211M	-114M	-68.6M	-59.9M
Change In Accounts Receivable	-17.1M	138M	-138M	-188M	119M
Change In Inventories	121M	283M	-33.9M	-467M	308M
Change In Accounts Payable	47.8M	141M	261M	-62.6M	-319M
Change in Other Net Operating Assets	-86.1M	82.4M	-120M	-141M	-37.2M
Cash from Operations	1.02B	698M	1.07B	39.2M	969M
Capital Expenditure	-345M	-227M	-268M	-290M	-245M
Sale of Property, Plant, and Equipment	59.4M	-	-	-	-
Cash Acquisitions	-192M	-	-	-	-
Divestitures	-	169M	-	-	160M
Sale (Purchase) of Intangible assets	-	-	223M	-	-
Investment in Marketable and Equity Securities, Total	-27.7M	-1.6M	-	-7.2M	-400K
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-	-
Other Investing Activities, Total	-	-	-	19.1M	-
Cash from Investing	-506M	-59.1M	-45M	-278M	-85.1M
Short Term Debt Issued, Total	-	-	10.5M	36.6M	-
Long-Term Debt Issued, Total	1.64B	680M	-	456M	-
Total Debt Issued	1.64B	680M	10.5M	493M	-
Short Term Debt Repaid, Total	-12.1M	-53.6M	-	-	-43.5M
Long-Term Debt Repaid, Total	-1.73B	-19.9M	-1.06B	-492M	-116M
Total Debt Repaid	-1.74B	-73.5M	-1.06B	-492M	-160M
Issuance of Common Stock	2.5M	3.9M	26.7M	-	17.9M
Repurchase of Common Stock	-345M	-117M	-361M	-419M	-570M
Common Dividends Paid	-11.3M	-2.7M	-2.7M	-10.1M	-9.4M
Common & Preferred Stock Dividends Paid	-11.3M	-2.7M	-2.7M	-10.1M	-9.4M
Other Financing Activities, Total	-	-12.7M	-15.2M	-	-
Cash from Financing	-452M	477M	-1.4B	-428M	-722M
Foreign Exchange Rate Adjustments	-11.4M	32M	-36.6M	-24.6M	-5.6M
Net Change in Cash	51.4M	1.15B	-409M	-692M	157M
Supplemental Items
Cash Interest Paid	108M	111M	96.8M	82.1M	96.4M
Cash Income Tax Paid (Refund)	133M	131M	155M	254M	210M
Levered Free Cash Flow	372M	834M	982M	-181M	755M
Unlevered Free Cash Flow	447M	912M	1.05B	-125M	817M
Change In Net Working Capital	61.3M	-786M	-132M	730M	-127M
Net Debt Issued / Repaid	-97.7M	606M	-1.05B	500K	-160M

Fiscal Period: February	2020	2021	2022	2023	2024
Profitability
Return on Assets	3.72	-0.17	4.74	4.53	5.09
Return on Total Capital	4.95	-0.23	6.27	6.05	6.67
Return On Equity %	7.13	-21.59	19.01	3.89	13.1
Return on Common Equity	7.17	-21.55	19.01	3.89	13.1
Margin Analysis
Gross Profit Margin %	54.51	52.95	58.16	56.77	58.18
SG&A Margin	46.86	53.48	47.52	47.07	48.04
EBITDA Margin %	10.91	3.98	13.93	12.93	13.2
EBITA Margin %