Fossil group, inc. (FOSL)
Income statement / Quarterly
Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Sep'09Jun'09
Net sales

711,563

539,488

501,393

465,268

786,922

608,827

576,583

569,156

920,805

688,722

596,846

581,790

959,166

737,990

685,368

659,847

992,473

771,303

739,975

725,085

1,064,845

894,482

773,820

776,544

1,062,427

810,396

706,249

680,899

947,701

684,170

636,104

589,533

830,756

642,910

556,661

536,975

701,076

523,825

412,560

393,229

381,362

315,865

Cost of Goods and Services Sold

403,702

260,946

236,285

217,341

370,017

282,295

267,574

281,465

472,725

368,829

295,499

292,271

470,147

352,910

329,618

311,510

466,929

353,569

330,510

324,361

460,533

385,444

329,218

333,324

453,082

345,427

297,348

302,428

408,023

302,646

279,743

260,553

364,887

283,381

244,685

235,163

300,959

225,082

175,675

173,810

170,625

148,683

Gross profit

307,861

278,542

265,108

247,927

416,905

326,532

309,009

287,691

448,080

319,893

301,347

289,519

489,019

385,080

355,750

348,337

525,544

417,734

409,465

400,724

604,312

509,038

444,602

443,220

609,345

464,969

408,901

378,471

539,678

381,524

356,361

328,980

465,869

359,529

311,976

301,812

400,117

298,743

236,885

219,419

210,737

167,182

Operating expenses:
Selling, general and administrative expenses

303,675

264,103

256,110

257,684

344,891

297,804

287,235

294,654

390,485

314,623

314,210

308,498

409,597

339,432

340,300

333,933

424,787

338,888

332,560

332,482

382,165

354,105

359,844

338,522

390,050

323,937

301,953

284,150

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill and Intangible Asset Impairment

-

16,613

0

-

-

0

6,212

-

-

0

407,128

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restructuring Charges

5,153

6,979

7,317

10,187

4,688

6,075

14,549

21,318

6,353

5,769

9,765

26,284

13,305

14,473

0

0

2,700

3,141

6,471

12,088

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Selling and distribution

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

193,276

196,265

181,438

-

172,208

164,606

158,382

191,389

138,424

129,192

124,855

115,263

107,522

General and administrative

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

75,161

71,999

64,681

-

68,512

61,108

50,874

59,193

49,049

43,347

43,301

38,110

37,184

Total operating expenses

308,828

287,695

263,427

267,871

349,579

303,879

307,996

315,972

396,838

320,392

731,103

334,782

422,902

353,905

340,300

333,933

436,603

342,029

339,031

344,570

382,165

354,105

359,844

338,522

-

-

-

-

-

268,437

268,264

246,119

-

240,720

225,714

209,256

250,582

187,473

172,539

168,156

153,373

144,706

Operating income (loss)

-967

-9,153

1,681

-19,944

67,326

22,653

1,013

-28,281

51,242

-499

-429,756

-45,263

66,117

31,175

15,450

14,404

88,941

75,705

70,434

56,154

222,147

154,933

84,758

104,698

219,295

141,032

106,948

94,321

204,795

113,087

88,097

82,861

174,364

118,809

86,262

92,556

149,535

111,270

64,346

51,263

57,364

22,476

Interest expense

7,035

7,422

7,353

8,122

10,846

9,899

11,067

10,691

11,119

12,070

11,641

8,384

7,507

6,967

6,421

5,999

5,723

5,103

5,014

4,178

4,509

3,796

3,887

3,706

3,532

3,036

1,749

1,231

1,480

1,437

1,429

814

1,070

447

649

225

956

46

59

58

50

69

Other Nonoperating Income (Expense)

1,989

-1,424

507

25,912

5,300

-2,895

-555

-1,888

2,236

3,860

2,002

5,638

7,653

1,591

2,542

2,270

12,133

6,830

14,294

7,186

6,690

2,198

-1,097

-351

337

259

-961

9,784

2,357

2,211

1,425

2,549

-4,492

-6,551

-3,925

-3,073

6,111

33

237

2,534

-1,660

4,550

Income (loss) before income taxes

-6,013

-17,999

-5,165

-2,154

61,780

9,859

-10,609

-40,860

42,359

-8,709

-439,395

-48,009

66,263

25,799

11,571

10,675

95,351

77,432

79,714

59,162

224,328

153,335

79,774

100,641

216,100

138,255

104,238

102,874

205,672

113,861

88,093

84,596

168,802

111,811

81,688

89,258

154,690

111,257

64,524

53,739

55,654

26,957

Income Tax Expense (Benefit)

690

6,939

1,444

9,608

13,898

3,937

-3,372

6,645

120,551

-3,230

-96,296

-1,220

15,476

6,451

3,499

3,279

23,036

17,303

22,894

18,524

68,181

46,931

24,875

31,480

64,815

45,881

33,829

28,894

52,750

33,984

27,705

23,524

46,001

39,307

27,657

31,192

54,959

40,353

7,965

16,043

19,109

9,709

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

-6,703

-24,938

-6,609

-11,762

47,882

5,922

-7,237

-47,505

-78,192

-5,479

-343,099

-46,789

50,787

19,348

8,072

7,396

72,315

60,129

56,820

40,638

156,147

106,404

54,899

69,161

151,285

92,374

70,409

73,980

152,922

79,877

60,388

61,072

122,801

72,504

54,031

58,066

99,731

70,904

56,559

37,696

36,545

17,248

Less: Net income attributable to noncontrolling interest

174

997

702

480

293

916

563

768

1,683

-80

1,613

1,397

1,089

1,992

2,051

1,603

1,930

2,595

2,172

2,568

2,021

2,683

2,382

2,818

2,766

2,640

2,696

1,794

1,790

3,086

3,050

2,932

4,891

2,895

2,670

2,244

3,074

2,748

2,074

1,789

1,270

625

Net Income (Loss) Available to Common Stockholders, Basic

-6,877

-25,935

-7,311

-12,242

47,589

5,006

-7,800

-48,273

-79,875

-5,399

-344,712

-48,186

49,698

17,356

6,021

5,793

70,385

57,534

54,648

38,070

154,126

103,721

52,517

66,343

148,519

89,734

67,713

72,186

151,132

76,791

57,338

58,140

117,910

69,609

51,361

55,822

96,657

68,156

54,485

35,907

35,275

16,623

Other comprehensive income (loss), net of taxes:
Currency translation adjustment

7,978

-10,790

-304

-2,490

-2,233

-1,380

-19,057

12,301

5,290

5,222

16,461

10,395

-29,543

1,662

-9,500

17,221

-19,084

-7,435

5,559

-33,506

-22,313

-43,479

1,524

-1,125

5,547

19,277

2,984

-19,837

4,589

12,249

-15,681

10,071

-10,286

-26,112

10,581

19,326

-5,446

30,728

-17,211

-17,980

11,133

12,943

Cash flow hedges - net change

-5,169

2,424

-1,845

-1,009

4,776

2,704

14,350

-1,157

916

-9,771

-9,592

-2,001

7,670

1,360

4,331

-10,432

-1,614

-5,258

-246

61

5,314

11,773

-651

239

-550

-5,691

1,599

3,391

-3,544

-1,983

2,257

-1,349

-

11,985

-2,023

-

-

-

-

-

-

-

Securities available for sale-net change

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

558

-12

-71

-54

-4

-21

50

-

-309

188

-

-

-

-

-

-

-

Pension plan activity

-

-

-

-

-

-

-

-

-

-

-

-

-599

0

0

-1,714

2,573

0

0

0

-

0

3,293

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total other comprehensive income (loss)

-1,910

-8,366

-2,149

-3,499

5,810

1,324

-4,707

11,144

8,441

-4,549

6,869

8,394

-21,274

3,022

-5,169

8,503

-23,271

-12,693

5,313

-33,445

-18,089

-31,706

-2,420

-886

5,733

14,144

4,571

-16,517

991

10,262

-13,445

8,772

-

-14,436

8,746

-

-

-

-

-

-

-

Unrealized gain (loss) on securities available for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-436

-

828

114

184

517

245

Forward contracts hedging intercompany foreign currency payments - change in fair values

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4,847

-

-13,755

3,861

5,596

-4,986

-4,527

Total other comprehensive income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14,043

-

-

-

-

-

-

Total comprehensive income (loss)

-8,613

-33,304

-8,758

-15,261

53,692

7,246

-11,944

-36,361

-69,751

-10,028

-336,230

-38,395

29,513

22,370

2,903

15,899

49,044

47,436

62,133

7,193

138,058

74,698

52,479

68,275

157,018

106,518

74,980

57,463

153,913

90,139

46,943

69,844

117,210

58,068

62,777

72,109

92,324

88,705

43,323

25,496

43,209

25,909

Less: Comprehensive income attributable to noncontrolling interest

174

997

702

480

293

916

563

768

1,683

-80

1,613

1,397

1,089

1,992

2,051

1,603

1,930

2,595

2,172

2,568

2,021

2,683

2,382

2,818

2,766

2,640

2,696

1,794

1,790

3,086

3,050

2,932

4,891

2,895

2,670

2,244

3,084

2,764

2,062

1,780

1,265

627

Comprehensive income (loss) attributable to Fossil Group, Inc.

-8,787

-34,301

-9,460

-15,741

53,399

6,330

-12,507

-37,129

-71,434

-9,948

-337,843

-39,792

28,424

20,378

852

14,296

47,114

44,841

59,961

4,625

136,037

72,015

50,097

65,457

154,252

103,878

72,284

55,669

152,123

87,053

43,893

66,912

112,319

55,173

60,107

69,865

89,240

85,941

41,261

23,716

41,944

25,282

Earnings (loss) per share:
Earnings Per Share, Basic

-0.13

-0.51

-0.15

-0.25

0.98

0.10

-0.16

-0.99

-1.65

-0.11

-7.11

-1.00

1.03

0.36

0.13

0.12

1.45

1.19

1.12

0.76

2.94

1.97

0.98

1.23

2.62

1.59

1.16

1.22

2.49

1.27

0.93

0.94

1.88

1.10

0.81

0.87

1.46

1.02

0.81

0.54

0.53

0.25

Earnings Per Share, Diluted

-0.13

-0.51

-0.15

-0.25

0.98

0.10

-0.16

-0.99

-1.65

-0.11

-7.11

-1.00

1.03

0.36

0.12

0.12

1.45

1.19

1.12

0.75

2.94

1.96

0.98

1.22

2.62

1.58

1.15

1.21

2.48

1.26

0.92

0.93

1.86

1.09

0.80

0.86

1.44

1.00

0.80

0.53

0.52

0.25

Weighted Average Number of Shares Outstanding, Diluted [Abstract]
Weighted Average Number of Shares Outstanding, Basic

50,507

50,469

50,326

49,618

49,463

49,381

49,228

48,712

48,554

48,521

48,484

48,313

48,163

48,130

48,119

48,132

48,119

48,153

48,634

50,294

51,218

52,691

53,494

54,125

55,153

56,458

58,600

59,393

59,735

60,573

61,669

61,859

62,512

63,176

63,411

64,093

65,248

67,071

67,446

67,039

66,714

66,668

Weighted Average Number of Shares Outstanding, Diluted

50,507

50,469

50,326

49,618

48,185

50,659

49,228

48,712

48,554

48,521

48,484

48,313

48,538

48,291

48,207

48,256

48,243

48,242

48,744

50,467

51,420

52,871

53,678

54,351

55,327

56,704

58,890

59,783

60,094

60,955

62,092

62,459

63,081

63,809

64,124

64,846

66,539

67,978

68,278

67,953

67,408

67,110