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10-Q Filing

RALPH LAUREN CORP CIK: 1037038 Q1 2016
Filing Information
Form Type 10-Q
Accession Number 0001037038-16-000022
Period End Date 20160630
Filing Date 20160811
Fiscal Year 2016
Fiscal Period Q1
XBRL Instance rl-20160702.xml
Filing Contents
Balance Sheet 67 line items
Line Item Tag Value Unit Period
Allowance on accounts receivable AccountsReceivableReservesAllowancesCurrent $254.00M USD Point-in-time
Allowance on accounts receivable AccountsReceivableReservesAllowancesCurrent $223.00M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $456.00M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $457.00M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $500.00M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $490.00M USD Point-in-time
Short-term investments ShortTermInvestments $619.00M USD Point-in-time
Short-term investments ShortTermInvestments $629.00M USD Point-in-time
Accounts receivable, net of allowances of $223 million and $254 million AccountsReceivableNetCurrent $338.00M USD Point-in-time
Accounts receivable, net of allowances of $223 million and $254 million AccountsReceivableNetCurrent $517.00M USD Point-in-time
Inventories InventoryNet $1.12B USD Point-in-time
Inventories InventoryNet $1.27B USD Point-in-time
Inventories InventoryNet $1.24B USD Point-in-time
Income tax receivable IncomeTaxesReceivable $58.00M USD Point-in-time
Income tax receivable IncomeTaxesReceivable $60.00M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $268.00M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $286.00M USD Point-in-time
Total current assets AssetsCurrent $3.05B USD Point-in-time
Total current assets AssetsCurrent $3.00B USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $1.58B USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $1.56B USD Point-in-time
Deferred tax assets DeferredTaxAssetsGrossNoncurrent $119.00M USD Point-in-time
Deferred tax assets DeferredTaxAssetsGrossNoncurrent $116.00M USD Point-in-time
Goodwill Goodwill $930.00M USD Point-in-time
Goodwill Goodwill $918.00M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $240.00M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $244.00M USD Point-in-time
Other non-current assets OtherAssetsNoncurrent $296.00M USD Point-in-time
Other non-current assets OtherAssetsNoncurrent $265.00M USD Point-in-time
Total assets Assets $6.21B USD Point-in-time
Total assets Assets $6.12B USD Point-in-time
Short-term Debt ShortTermBorrowings $90.00M USD Point-in-time
Short-term Debt ShortTermBorrowings $116.00M USD Point-in-time
Accounts payable AccountsPayableCurrent $151.00M USD Point-in-time
Accounts payable AccountsPayableCurrent $192.00M USD Point-in-time
Income tax payable AccruedIncomeTaxesCurrent $33.00M USD Point-in-time
Income tax payable AccruedIncomeTaxesCurrent $22.00M USD Point-in-time
Accrued expenses and other current liabilities OtherLiabilitiesCurrent $992.00M USD Point-in-time
Accrued expenses and other current liabilities OtherLiabilitiesCurrent $898.00M USD Point-in-time
Total current liabilities LiabilitiesCurrent $1.30B USD Point-in-time
Total current liabilities LiabilitiesCurrent $1.20B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $602.00M USD Point-in-time
Long-term debt LongTermDebtNoncurrent $597.00M USD Point-in-time
Non-current liability for unrecognized tax benefits LiabilityForUncertainTaxPositionsNoncurrent $77.00M USD Point-in-time
Non-current liability for unrecognized tax benefits LiabilityForUncertainTaxPositionsNoncurrent $81.00M USD Point-in-time
Other non-current liabilities OtherLiabilitiesNoncurrent $577.00M USD Point-in-time
Other non-current liabilities OtherLiabilitiesNoncurrent $593.00M USD Point-in-time
Commitments and contingencies (Note 13) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (Note 13) CommitmentsAndContingencies - USD Point-in-time
Total liabilities Liabilities $2.55B USD Point-in-time
Total liabilities Liabilities $2.47B USD Point-in-time
Additional paid-in-capital AdditionalPaidInCapitalCommonStock $2.26B USD Point-in-time
Additional paid-in-capital AdditionalPaidInCapitalCommonStock $2.26B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $5.95B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $6.01B USD Point-in-time
Treasury stock, Class A, at cost; 45.1 million and 44.0 million shares TreasuryStockValue $4.45B USD Point-in-time
Treasury stock, Class A, at cost; 45.1 million and 44.0 million shares TreasuryStockValue $4.35B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-165.00M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-181.00M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-154.00M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-192.00M USD Point-in-time
Total equity StockholdersEquity $3.74B USD Point-in-time
Total equity StockholdersEquity $3.57B USD Point-in-time
Total equity StockholdersEquity $3.89B USD Point-in-time
Total equity StockholdersEquity $3.81B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $6.21B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $6.12B USD Point-in-time
Income Statement 48 line items
Line Item Tag Value Unit Period
Net sales SalesRevenueGoodsNet $1.58B USD 1 Quarter
Net sales SalesRevenueGoodsNet $1.51B USD 1 Quarter
Licensing revenue LicensesRevenue $41.00M USD 1 Quarter
Licensing revenue LicensesRevenue $38.00M USD 1 Quarter
Net revenues SalesRevenueNet $1.55B USD 1 Quarter
Net revenues SalesRevenueNet $1.62B USD 1 Quarter
Cost of goods sold(a) CostOfGoodsSold $657.00M USD 1 Quarter
Cost of goods sold(a) CostOfGoodsSold $652.00M USD 1 Quarter
Gross profit GrossProfit $966.00M USD 1 Quarter
Gross profit GrossProfit $895.00M USD 1 Quarter
Selling, general, and administrative expenses(a) SellingGeneralAndAdministrativeExpense $822.00M USD 1 Quarter
Selling, general, and administrative expenses(a) SellingGeneralAndAdministrativeExpense $815.00M USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $6.00M USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $6.00M USD 1 Quarter
Impairment of assets AssetImpairmentCharges $8.00M USD 1 Quarter
Impairment of assets AssetImpairmentCharges $19.00M USD 1 Quarter
Restructuring charges RestructuringCharges $86.00M USD 1 Quarter
Restructuring charges RestructuringCharges $34.00M USD 1 Quarter
Total other operating expenses, net OperatingExpenses $870.00M USD 1 Quarter
Total other operating expenses, net OperatingExpenses $926.00M USD 1 Quarter
Operating income (loss) OperatingIncomeLoss $96.00M USD 1 Quarter
Operating income (loss) OperatingIncomeLoss $-31.00M USD 1 Quarter
Foreign currency gains (losses) ForeignCurrencyTransactionGainLossBeforeTax $-1.00M USD 1 Quarter
Foreign currency gains (losses) ForeignCurrencyTransactionGainLossBeforeTax $2.00M USD 1 Quarter
Interest expense InterestExpense $3.00M USD 1 Quarter
Interest expense InterestExpense $4.00M USD 1 Quarter
Interest and other income, net OtherNonoperatingIncome $1.00M USD 1 Quarter
Interest and other income, net OtherNonoperatingIncome $2.00M USD 1 Quarter
Equity in losses of equity-method investees IncomeLossFromEquityMethodInvestments $-3.00M USD 1 Quarter
Equity in losses of equity-method investees IncomeLossFromEquityMethodInvestments $-2.00M USD 1 Quarter
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-33.00M USD 1 Quarter
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $90.00M USD 1 Quarter
Income tax benefit (provision) IncomeTaxExpenseBenefit $-11.00M USD 1 Quarter
Income tax benefit (provision) IncomeTaxExpenseBenefit $26.00M USD 1 Quarter
Net income (loss) NetIncomeLoss $64.00M USD 1 Quarter
Net income (loss) NetIncomeLoss $-22.00M USD 1 Quarter
Basic EarningsPerShareBasic $-0.27 USD 1 Quarter
Basic EarningsPerShareBasic $0.74 USD 1 Quarter
Diluted EarningsPerShareDiluted $-0.27 USD 1 Quarter
Diluted EarningsPerShareDiluted $0.73 USD 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 83.30M shares 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 86.50M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 87.50M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 83.30M shares 1 Quarter
Dividends declared per share CommonStockDividendsPerShareDeclared $0.50 USD 1 Quarter
Dividends declared per share CommonStockDividendsPerShareDeclared $0.50 USD 1 Quarter
(a) Includes total depreciation expense of: Depreciation $68.00M USD 1 Quarter
(a) Includes total depreciation expense of: Depreciation $72.00M USD 1 Quarter
Cash Flow Statement 74 line items
Line Item Tag Value Unit Period
Net income (loss) NetIncomeLoss $64.00M USD 1 Quarter
Net income (loss) NetIncomeLoss $-22.00M USD 1 Quarter
Depreciation and amortization expense DepreciationDepletionAndAmortization $74.00M USD 1 Quarter
Depreciation and amortization expense DepreciationDepletionAndAmortization $78.00M USD 1 Quarter
Deferred income tax expense (benefit) DeferredIncomeTaxExpenseBenefit $-18.00M USD 1 Quarter
Deferred income tax expense (benefit) DeferredIncomeTaxExpenseBenefit $3.00M USD 1 Quarter
Equity in losses of equity-method investees IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions $-2.00M USD 1 Quarter
Equity in losses of equity-method investees IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions $-3.00M USD 1 Quarter
Non-cash stock-based compensation expense ShareBasedCompensation $18.00M USD 1 Quarter
Non-cash stock-based compensation expense ShareBasedCompensation $32.00M USD 1 Quarter
Non-cash impairment of assets ImpairmentOfLongLivedAssetsHeldForUse $19.00M USD 1 Quarter
Non-cash impairment of assets ImpairmentOfLongLivedAssetsHeldForUse $8.00M USD 1 Quarter
Non-cash restructuring-related inventory charges InventoryRelatedCharges $54.00M USD 1 Quarter
Non-cash restructuring-related inventory charges InventoryRelatedCharges $3.00M USD 1 Quarter
Excess tax benefits from stock-based compensation arrangements ExcessTaxBenefitFromShareBasedCompensationOperatingActivities $6.00M USD 1 Quarter
Excess tax benefits from stock-based compensation arrangements ExcessTaxBenefitFromShareBasedCompensationOperatingActivities - USD 1 Quarter
Other non-cash charges, net OtherNoncashIncomeExpense $-10.00M USD 1 Quarter
Other non-cash charges, net OtherNoncashIncomeExpense $-1.00M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-174.00M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-265.00M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $168.00M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $229.00M USD 1 Quarter
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $23.00M USD 1 Quarter
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-12.00M USD 1 Quarter
Accounts payable and accrued liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $142.00M USD 1 Quarter
Accounts payable and accrued liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $114.00M USD 1 Quarter
Income tax receivables and payables IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable $-9.00M USD 1 Quarter
Income tax receivables and payables IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable $-21.00M USD 1 Quarter
Deferred income IncreaseDecreaseInDeferredRevenue $-2.00M USD 1 Quarter
Deferred income IncreaseDecreaseInDeferredRevenue $-3.00M USD 1 Quarter
Other balance sheet changes, net IncreaseDecreaseInOtherOperatingCapitalNet $-21.00M USD 1 Quarter
Other balance sheet changes, net IncreaseDecreaseInOtherOperatingCapitalNet $21.00M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $332.00M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $243.00M USD 1 Quarter
Capital expenditures PaymentsToAcquireProductiveAssets $78.00M USD 1 Quarter
Capital expenditures PaymentsToAcquireProductiveAssets $68.00M USD 1 Quarter
Purchases of investments PaymentsToAcquireMarketableSecurities $144.00M USD 1 Quarter
Purchases of investments PaymentsToAcquireMarketableSecurities $329.00M USD 1 Quarter
Proceeds from sales and maturities of investments ProceedsFromSaleAndMaturityOfMarketableSecurities $182.00M USD 1 Quarter
Proceeds from sales and maturities of investments ProceedsFromSaleAndMaturityOfMarketableSecurities $325.00M USD 1 Quarter
Acquisitions and ventures PaymentsToAcquireBusinessesAndInterestInAffiliates $1.00M USD 1 Quarter
Acquisitions and ventures PaymentsToAcquireBusinessesAndInterestInAffiliates $3.00M USD 1 Quarter
Change in restricted cash deposits IncreaseDecreaseInRestrictedCash $2.00M USD 1 Quarter
Change in restricted cash deposits IncreaseDecreaseInRestrictedCash - USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-77.00M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-41.00M USD 1 Quarter
Proceeds from issuance of short-term debt ProceedsFromShortTermDebt $1.24B USD 1 Quarter
Proceeds from issuance of short-term debt ProceedsFromShortTermDebt $944.00M USD 1 Quarter
Repayments of short-term debt RepaymentsOfShortTermDebt $970.00M USD 1 Quarter
Repayments of short-term debt RepaymentsOfShortTermDebt $1.32B USD 1 Quarter
Payments of capital lease obligations RepaymentsOfLongTermCapitalLeaseObligations $5.00M USD 1 Quarter
Payments of capital lease obligations RepaymentsOfLongTermCapitalLeaseObligations $7.00M USD 1 Quarter
Payments of dividends PaymentsOfDividendsCommonStock $43.00M USD 1 Quarter
Payments of dividends PaymentsOfDividendsCommonStock $41.00M USD 1 Quarter
Repurchases of common stock, including shares surrendered for tax withholdings PaymentsForRepurchaseOfCommonStock $115.00M USD 1 Quarter
Repurchases of common stock, including shares surrendered for tax withholdings PaymentsForRepurchaseOfCommonStock $169.00M USD 1 Quarter
Proceeds from exercises of stock options ProceedsFromStockOptionsExercised $15.00M USD 1 Quarter
Proceeds from exercises of stock options ProceedsFromStockOptionsExercised $3.00M USD 1 Quarter
Excess tax benefits from stock-based compensation arrangements ExcessTaxBenefitFromShareBasedCompensationFinancingActivities - USD 1 Quarter
Excess tax benefits from stock-based compensation arrangements ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $6.00M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-186.00M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-275.00M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $-15.00M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $10.00M USD 1 Quarter
Net increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $1.00M USD 1 Quarter
Net increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-10.00M USD 1 Quarter
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $456.00M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $457.00M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $500.00M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $490.00M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $456.00M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $457.00M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $500.00M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $490.00M USD Point-in-time
Comprehensive Income 10 line items
Line Item Tag Value Unit Period
Net income (loss) NetIncomeLoss $64.00M USD 1 Quarter
Net income (loss) NetIncomeLoss $-22.00M USD 1 Quarter
Foreign currency translation gains (losses) OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $19.00M USD 1 Quarter
Foreign currency translation gains (losses) OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-9.00M USD 1 Quarter
Net losses on cash flow hedges OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $-8.00M USD 1 Quarter
Net losses on cash flow hedges OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $-2.00M USD 1 Quarter
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $-11.00M USD 1 Quarter
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $11.00M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTax $75.00M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTax $-33.00M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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