KONTOOR BRANDS, INC. KTB Balance Sheet

Kontoor brands, inc. (KTB)

Balance Sheet / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18
ASSETS
Current assets
Cash and equivalents
479	106	40	76	102	96	93	86	88
Accounts receivable, net
213	228	302	254	299	252	318	262	318
Due from former parent, current
0	0	-	-	291	-	-	-	-
Due from former parent, current
-	-	0	0	-	547	267	553	274
Notes receivable from former parent
0	0	0	0	517	517	546	546	546
Inventories
488	458	545	538	519	473	540	491	499
Prepaid Expense Including Other Assets, Current
78	84	73	79	50	52	48	45	51
Total current assets
1,259	877	961	948	1,781	1,941	1,815	1,986	1,779
Due from former parent, noncurrent
0	0	0	0	0	0	1	0	1
Property, plant and equipment, net
129	132	126	131	138	138	141	142	142
Operating lease assets
83	86	96	90	77	0	0	0	0
Intangible assets, net
16	17	17	50	51	53	54	55	56
Goodwill
211	212	212	213	213	214	214	216	220
Deferred income taxes
-	-	-	-	-	42	-	-	-
Other assets
200	190	169	153	122	67	116	120	125
TOTAL ASSETS
1,901	1,517	1,585	1,588	2,385	2,458	2,343	2,520	2,325
LIABILITIES AND EQUITY
Current liabilities
Short-term borrowings
3	1	6	2	8	3	5	5	12
Current portion of long-term debt
0	0	7	7	-	-	0	0	-
Accounts payable
149	147	149	159	147	134	163	136	131
Due to former parent, current
0	0	-	-	3	-	-	-	-
Due to former parent, current
-	-	0	0	-	16	69	59	60
Notes payable to former parent
0	0	0	0	241	269	269	269	269
Accrued liabilities
180	194	190	177	206	194	178	166	171
Operating lease liabilities, current
32	35	35	34	29	0	0	0	0
Total current liabilities
366	378	389	381	637	616	685	637	644
Operating lease liabilities, noncurrent
54	54	64	58	51	0	0	0	0
Deferred income taxes
-	-	-	-	-	2	-	-	-
Other liabilities
110	101	95	86	117	115	112	115	117
Long-term debt, due beyond one year
1,388	913	980	979	0	0	0	0	-
Total liabilities
1,920	1,447	1,530	1,506	806	735	798	752	762
Equity
Preferred Stock, no par value; shares authorized, 90,000,000; no shares outstanding at March 2020, December 2019 and March 2019
0	0	-	-	0	0	-	-	-
Common Stock, no par value; shares authorized, 600,000,000; shares outstanding of 56,930,737 at March 2020; 56,811,198 at December 2019 and no shares outstanding at March 2019
0	0	0	0	0	0	0	0	-
Additional paid-in capital
153	150	142	134	0	0	0	0	-
Former parent investment
0	0	0	0	1,723	1,868	1,689	1,908	1,676
Accumulated deficit
-38	-1	2	21	0	0	0	0	-
Accumulated other comprehensive loss
-133	-79	-88	-73	-144	-145	-144	-141	-112
Total (deficit) equity
-18	69	55	82	1,578	1,723	1,545	1,767	1,563
TOTAL LIABILITIES AND EQUITY
1,901	1,517	1,585	1,588	2,385	2,458	2,343	2,520	2,325