CAPRI HOLDINGS LTD CPRI Income Statement

Capri holdings ltd (CPRI)

Income statement / Quarterly

Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Apr'17	Dec'16	Sep'16	Jun'16	Apr'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12
Net sales
-	-	-	-	-	-	-	-	-	-	-	-	-	1,049,400	957,300	-	1,341,600	1,086,800	947,300	1,039,768	1,263,226	1,009,669	887,037	882,021	964,787	707,444	616,248	577,379	606,943	513,065	397,370
Licensing revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	38,800	30,600	-	55,800	43,200	38,700	41,247	51,500	46,936	32,117	35,388	47,442	32,859	24,611	19,775	29,835	19,870	17,495
Total revenue
1,571,000	1,442,000	1,346,000	1,344,000	1,438,000	1,253,000	1,203,000	1,179,900	1,440,100	1,146,600	952,400	1,064,800	1,352,800	1,088,200	987,900	1,198,700	1,397,400	1,130,000	986,000	1,081,015	1,314,726	1,056,605	919,154	917,409	1,012,229	740,303	640,859	597,154	636,778	532,935	414,865
Cost of goods sold
639,000	568,000	512,000	551,000	565,000	490,000	452,000	470,400	556,100	455,800	377,700	445,100	547,100	443,500	396,600	501,500	565,500	465,500	382,400	450,118	514,583	411,578	347,521	367,953	392,731	290,428	243,588	240,939	253,327	217,035	163,865
Gross profit
932,000	874,000	834,000	793,000	873,000	763,000	751,000	709,500	884,000	690,800	574,700	619,700	805,700	644,700	591,300	697,200	831,900	664,500	603,600	630,897	800,143	645,027	571,633	549,456	619,498	449,875	397,271	356,215	383,451	315,900	251,000
Selling, general and administrative expenses
630,000	623,000	598,000	609,000	507,000	494,000	465,000	498,300	485,900	405,100	377,700	399,900	407,600	379,700	354,000	391,700	377,600	345,300	313,400	336,057	344,174	305,405	265,864	278,205	254,603	210,358	183,734	184,976	164,844	145,714	126,002
Depreciation and amortization
63,000	65,000	60,000	65,000	51,000	53,000	56,000	58,100	54,000	48,300	47,600	57,300	55,700	56,400	50,400	50,500	45,000	46,100	41,600	37,846	37,492	34,064	28,998	24,013	21,655	18,057	15,975	15,210	13,768	12,258	13,055
Impairment of long-lived assets
19,000	104,000	97,000	4,000	6,000	7,000	4,000	14,100	2,600	16,300	0	-	500	4,900	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Restructuring and other charges
15,000	7,000	15,000	75,000	19,000	19,000	11,000	52,000	28,000	22,000	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses
727,000	799,000	770,000	753,000	583,000	573,000	536,000	622,500	570,500	491,700	425,300	662,300	463,800	441,000	404,400	453,100	422,600	391,400	355,000	374,703	381,666	339,469	294,862	303,518	276,258	228,415	199,709	200,911	178,612	157,972	139,057
Income from operations
205,000	75,000	64,000	40,000	290,000	190,000	215,000	87,000	313,500	199,100	149,400	-42,600	341,900	203,700	186,900	244,100	409,300	273,100	248,600	256,194	418,477	305,558	276,771	245,938	343,240	221,460	197,562	155,304	204,839	157,928	111,943
Other income, net
1,000	1,000	2,000	0	2,000	1,000	1,000	1,000	100	300	600	700	4,100	300	300	4,500	100	-100	-800	439	-188	1,006	343	-	0	-	-	-	-	-	-
Interest expense, net
-3,000	-3,000	-13,000	-17,000	-7,000	-6,000	-8,000	-11,800	-8,300	-800	-1,100	1,000	-3,400	-1,400	-300	-600	-600	-400	-100	-53	-116	-72	41	9	-109	-130	-170	-2,825	311	555	435
Foreign currency (gain) loss
2,000	-4,000	-2,000	-1,000	-43,000	-33,000	-3,000	-1,700	-27,000	40,500	1,200	-400	-900	0	-1,300	-2,500	-200	-1,400	-700	2,111	-1,163	-2,395	-1,153	179	-3	-18	-258	-526	-1,487	275	375
Income before provision for income taxes
205,000	69,000	51,000	22,000	242,000	152,000	205,000	74,500	278,300	239,100	150,100	-41,300	341,700	202,600	185,600	245,500	408,600	271,200	247,000	258,691	417,010	304,097	276,002	246,126	343,128	221,312	197,134	154,555	203,041	157,648	111,883
(Benefit from) provision for income taxes
-4,000	-4,000	6,000	3,000	42,000	15,000	19,000	30,100	58,900	36,400	24,600	-14,500	70,400	41,900	39,300	69,200	114,400	78,400	72,600	76,072	113,335	97,107	88,286	85,073	113,485	75,504	72,138	53,454	73,013	59,820	43,238
Net income
209,000	73,000	45,000	19,000	200,000	137,000	186,000	44,400	219,400	202,700	125,500	-26,800	271,300	160,700	146,300	176,300	294,200	192,800	174,400	-	303,675	206,990	-	-	-	-	-	-	-	-	-
Less: Net loss attributable to noncontrolling interest and redeemable noncontrolling interest
-1,000	0	-	-	0	-1,000	-	200	0	-200	0	0	0	-200	-800	-700	-400	-300	0	-	0	0	-	-	-	-	-	-	-	-	-
Net income attributable to Capri
210,000	73,000	45,000	19,000	200,000	138,000	186,000	44,200	219,400	202,900	125,500	-26,800	271,300	160,900	147,100	177,000	294,600	193,100	174,400	182,619	303,675	206,990	187,716	161,053	229,643	145,808	124,996	101,101	130,028	97,828	68,645
Weighted average ordinary shares outstanding:
Weighted average ordinary shares outstanding, basic (in shares)
150,826	151,602	151,049	150,801	149,183	149,575	149,502	150,818	152,047	151,781	154,486	159,944	163,148	166,695	174,158	177,162	182,176	188,857	196,977	199,839	202,668	204,464	203,749	203,387	203,175	202,560	201,208	200,054	199,291	194,323	192,790
Weighted average ordinary shares outstanding, diluted (in shares)
152,154	152,576	152,334	152,083	150,268	151,705	152,399	154,748	154,623	154,168	156,871	161,827	165,214	168,839	176,613	179,786	184,851	191,524	200,054	203,206	205,647	207,432	207,176	206,973	206,088	205,154	204,336	203,759	202,817	200,192	199,391
Net income per ordinary share attributable to Capri:
Net income per ordinary share, basic (in dollars per share)
1.39	0.48	0.30	0.11	1.34	0.92	1.25	0.30	1.44	1.34	0.81	-0.14	1.66	0.97	0.84	0.97	1.62	1.02	0.89	0.92	1.50	1.01	0.92	0.80	1.13	0.72	0.62	0.51	0.65	0.50	0.36
Net income per ordinary share, diluted (in dollars per share)
1.38	0.47	0.30	0.12	1.33	0.91	1.22	0.28	1.42	1.32	0.80	-0.13	1.64	0.95	0.83	0.97	1.59	1.01	0.87	0.89	1.48	1.00	0.91	0.79	1.11	0.71	0.61	0.50	0.64	0.49	0.34
Statements of Comprehensive Income:
Net income
209,000	73,000	45,000	19,000	200,000	137,000	186,000	44,400	219,400	202,700	125,500	-26,800	271,300	160,700	146,300	176,300	294,200	192,800	174,400	-	303,675	206,990	-	-	-	-	-	-	-	-	-
Foreign currency translation adjustments
78,000	-13,000	-25,000	26,000	-32,000	-25,000	-103,000	69,300	41,600	15,000	22,100	12,000	-20,100	-300	-400	26,300	-12,000	-5,600	9,800	-44,476	-22,220	-27,671	3,067	-3,228	-1,745	6,331	-1,358	-5,663	191	4,744	-3,278
Net (loss) gain on derivatives
-4,000	3,000	-2,000	1,000	1,000	3,000	12,000	400	-300	-6,400	-9,700	-2,500	9,400	-1,300	3,100	-9,300	-4,700	-7,900	-10,600	17,573	2,769	9,094	1,464	809	-496	-2,592	-621	-	-367	-	-
Total comprehensive income
283,000	63,000	-	-	169,000	115,000	-	114,100	260,700	211,300	137,900	-17,300	260,600	159,100	149,000	193,300	277,500	179,300	173,600	-	284,224	188,413	-	-	-	-	-	-	-	-	-
Less: Net loss attributable to noncontrolling interest and redeemable noncontrolling interest
-1,000	0	-	-	0	-1,000	-	200	0	-200	0	0	0	-200	-800	-700	-400	-300	0	-	0	0	-	-	-	-	-	-	-	-	-
Less: Other comprehensive income (loss) attributable to noncontrolling interest
-	-	-	-	-	-	-	-	100	0	-	0	-400	-100	100	100	0	0	0	-	0	0	-	-	-	-	-	-	-	-	-
Net income
210,000	73,000	45,000	19,000	200,000	138,000	186,000	44,200	219,400	202,900	125,500	-26,800	271,300	160,900	147,100	-	-	-	-	-	303,675	206,990	187,716	-	229,643	145,808	124,996	101,101	130,028	97,828	68,645
Comprehensive income attributable to Capri
284,000	63,000	18,000	46,000	169,000	116,000	95,000	114,000	260,600	211,500	137,900	-17,300	261,000	159,400	149,700	193,900	277,900	179,600	173,600	155,716	284,224	188,413	192,247	158,634	227,402	149,547	123,017	97,085	129,852	102,572	65,367