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10-Q Filing

RALPH LAUREN CORP CIK: 1037038 Q1 2017
Filing Information
Form Type 10-Q
Accession Number 0001037038-17-000008
Period End Date 20170630
Filing Date 20170810
Fiscal Year 2017
Fiscal Period Q1
XBRL Instance rl-20170701.xml
Filing Contents
Balance Sheet 63 line items
Line Item Tag Value Unit Period
Allowance on accounts receivable AccountsReceivableReservesAllowancesCurrent $213.50M USD Point-in-time
Allowance on accounts receivable AccountsReceivableReservesAllowancesCurrent $214.40M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $830.40M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $668.30M USD Point-in-time
Short-term investments ShortTermInvestments $684.70M USD Point-in-time
Short-term investments ShortTermInvestments $740.50M USD Point-in-time
Accounts receivable, net of allowances of $213.5 million and $214.4 million AccountsReceivableNetCurrent $279.20M USD Point-in-time
Accounts receivable, net of allowances of $213.5 million and $214.4 million AccountsReceivableNetCurrent $450.20M USD Point-in-time
Inventories InventoryNet $791.50M USD Point-in-time
Inventories InventoryNet $859.90M USD Point-in-time
Inventories InventoryNet $1.24B USD Point-in-time
Income tax receivable IncomeTaxesReceivable $79.40M USD Point-in-time
Income tax receivable IncomeTaxesReceivable $77.50M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $299.20M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $280.40M USD Point-in-time
Total current assets AssetsCurrent $2.95B USD Point-in-time
Total current assets AssetsCurrent $3.09B USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $1.32B USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $1.27B USD Point-in-time
Deferred tax assets DeferredTaxAssetsGrossNoncurrent $125.90M USD Point-in-time
Deferred tax assets DeferredTaxAssetsGrossNoncurrent $141.40M USD Point-in-time
Goodwill Goodwill $904.60M USD Point-in-time
Goodwill Goodwill $924.20M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $213.70M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $219.80M USD Point-in-time
Other non-current assets OtherAssetsNoncurrent $131.20M USD Point-in-time
Other non-current assets OtherAssetsNoncurrent $174.70M USD Point-in-time
Total assets Assets $5.65B USD Point-in-time
Total assets Assets $5.81B USD Point-in-time
Accounts payable AccountsPayableCurrent $160.90M USD Point-in-time
Accounts payable AccountsPayableCurrent $147.70M USD Point-in-time
Income tax payable AccruedIncomeTaxesCurrent $36.60M USD Point-in-time
Income tax payable AccruedIncomeTaxesCurrent $29.50M USD Point-in-time
Accrued expenses and other current liabilities OtherLiabilitiesCurrent $1.02B USD Point-in-time
Accrued expenses and other current liabilities OtherLiabilitiesCurrent $982.70M USD Point-in-time
Total current liabilities LiabilitiesCurrent $1.22B USD Point-in-time
Total current liabilities LiabilitiesCurrent $1.16B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $590.40M USD Point-in-time
Long-term debt LongTermDebtNoncurrent $588.20M USD Point-in-time
Non-current liability for unrecognized tax benefits LiabilityForUncertainTaxPositionsNoncurrent $64.70M USD Point-in-time
Non-current liability for unrecognized tax benefits LiabilityForUncertainTaxPositionsNoncurrent $62.70M USD Point-in-time
Other non-current liabilities OtherLiabilitiesNoncurrent $581.90M USD Point-in-time
Other non-current liabilities OtherLiabilitiesNoncurrent $541.60M 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 $2.35B USD Point-in-time
Total liabilities Liabilities $2.45B USD Point-in-time
Additional paid-in-capital AdditionalPaidInCapitalCommonStock $2.31B USD Point-in-time
Additional paid-in-capital AdditionalPaidInCapitalCommonStock $2.33B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $5.75B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $5.77B USD Point-in-time
Treasury stock, Class A, at cost; 46.6 million and 46.4 million shares TreasuryStockValue $4.58B USD Point-in-time
Treasury stock, Class A, at cost; 46.6 million and 46.4 million shares TreasuryStockValue $4.56B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-164.10M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-192.40M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-198.40M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-181.50M USD Point-in-time
Total equity StockholdersEquity $3.30B USD Point-in-time
Total equity StockholdersEquity $3.74B USD Point-in-time
Total equity StockholdersEquity $3.36B USD Point-in-time
Total equity StockholdersEquity $3.57B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $5.81B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $5.65B USD Point-in-time
Income Statement 44 line items
Line Item Tag Value Unit Period
Net revenues SalesRevenueNet $1.35B USD 1 Quarter
Net revenues SalesRevenueNet $1.55B USD 1 Quarter
Cost of goods sold(a) CostOfGoodsSold $495.90M USD 1 Quarter
Cost of goods sold(a) CostOfGoodsSold $657.60M USD 1 Quarter
Gross profit GrossProfit $851.20M USD 1 Quarter
Gross profit GrossProfit $894.60M USD 1 Quarter
Selling, general, and administrative expenses(a) SellingGeneralAndAdministrativeExpense $708.40M USD 1 Quarter
Selling, general, and administrative expenses(a) SellingGeneralAndAdministrativeExpense $814.70M 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 $9.70M USD 1 Quarter
Impairment of assets AssetImpairmentCharges $19.40M USD 1 Quarter
Restructuring and other charges(a) Restructuringandothercharges $36.80M USD 1 Quarter
Restructuring and other charges(a) Restructuringandothercharges $85.70M USD 1 Quarter
Total other operating expenses, net OperatingExpenses $925.80M USD 1 Quarter
Total other operating expenses, net OperatingExpenses $760.90M USD 1 Quarter
Operating income (loss) OperatingIncomeLoss $-31.20M USD 1 Quarter
Operating income (loss) OperatingIncomeLoss $90.30M USD 1 Quarter
Foreign currency gains ForeignCurrencyTransactionGainLossBeforeTax $100.00K USD 1 Quarter
Foreign currency gains ForeignCurrencyTransactionGainLossBeforeTax $2.40M USD 1 Quarter
Interest expense InterestExpense $3.40M USD 1 Quarter
Interest expense InterestExpense $5.00M USD 1 Quarter
Interest and other income, net OtherNonoperatingIncome $900.00K USD 1 Quarter
Interest and other income, net OtherNonoperatingIncome $2.30M USD 1 Quarter
Equity in losses of equity-method investees IncomeLossFromEquityMethodInvestments $-1.90M USD 1 Quarter
Equity in losses of equity-method investees IncomeLossFromEquityMethodInvestments $-900.00K USD 1 Quarter
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $86.80M USD 1 Quarter
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-33.20M USD 1 Quarter
Income tax benefit (provision) IncomeTaxExpenseBenefit $27.30M USD 1 Quarter
Income tax benefit (provision) IncomeTaxExpenseBenefit $-10.90M USD 1 Quarter
Net income (loss) NetIncomeLoss $-22.30M USD 1 Quarter
Net income (loss) NetIncomeLoss $59.50M USD 1 Quarter
Basic EarningsPerShareBasic $-0.27 USD 1 Quarter
Basic EarningsPerShareBasic $0.73 USD 1 Quarter
Diluted EarningsPerShareDiluted $-0.27 USD 1 Quarter
Diluted EarningsPerShareDiluted $0.72 USD 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 83.30M shares 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 81.60M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 83.30M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 82.50M 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 $72.40M USD 1 Quarter
(a) Includes total depreciation expense of: Depreciation $66.90M USD 1 Quarter
Cash Flow Statement 68 line items
Line Item Tag Value Unit Period
Net income (loss) NetIncomeLoss $-22.30M USD 1 Quarter
Net income (loss) NetIncomeLoss $59.50M USD 1 Quarter
Depreciation and amortization expense DepreciationDepletionAndAmortization $72.90M USD 1 Quarter
Depreciation and amortization expense DepreciationDepletionAndAmortization $78.40M USD 1 Quarter
Deferred income tax expense (benefit) DeferredIncomeTaxExpenseBenefit $-14.70M USD 1 Quarter
Deferred income tax expense (benefit) DeferredIncomeTaxExpenseBenefit $3.00M USD 1 Quarter
Equity in losses of equity-method investees IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions $-900.00K USD 1 Quarter
Equity in losses of equity-method investees IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions $-1.90M USD 1 Quarter
Non-cash stock-based compensation expense ShareBasedCompensation $17.70M USD 1 Quarter
Non-cash stock-based compensation expense ShareBasedCompensation $21.60M USD 1 Quarter
Non-cash impairment of assets ImpairmentOfLongLivedAssetsHeldForUse $9.70M USD 1 Quarter
Non-cash impairment of assets ImpairmentOfLongLivedAssetsHeldForUse $19.40M USD 1 Quarter
Non-cash restructuring-related inventory charges InventoryRelatedCharges $54.00M USD 1 Quarter
Non-cash restructuring-related inventory charges InventoryRelatedCharges $700.00K USD 1 Quarter
Other non-cash charges OtherNoncashIncomeExpense $-9.70M USD 1 Quarter
Other non-cash charges OtherNoncashIncomeExpense $-1.10M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-174.40M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-174.00M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $55.40M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $167.80M USD 1 Quarter
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $4.60M USD 1 Quarter
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $23.20M USD 1 Quarter
Accounts payable and accrued liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $141.70M USD 1 Quarter
Accounts payable and accrued liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $42.40M USD 1 Quarter
Income tax receivables and payables IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable $-20.80M USD 1 Quarter
Income tax receivables and payables IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable $8.70M USD 1 Quarter
Deferred income IncreaseDecreaseInDeferredRevenue $600.00K USD 1 Quarter
Deferred income IncreaseDecreaseInDeferredRevenue $-2.30M USD 1 Quarter
Other balance sheet changes IncreaseDecreaseInOtherOperatingCapitalNet $-16.80M USD 1 Quarter
Other balance sheet changes IncreaseDecreaseInOtherOperatingCapitalNet $20.90M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $242.90M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $334.20M USD 1 Quarter
Capital expenditures PaymentsToAcquireProductiveAssets $41.90M USD 1 Quarter
Capital expenditures PaymentsToAcquireProductiveAssets $77.60M USD 1 Quarter
Purchases of investments PaymentsToAcquireMarketableSecurities $270.40M USD 1 Quarter
Purchases of investments PaymentsToAcquireMarketableSecurities $144.50M USD 1 Quarter
Proceeds from sales and maturities of investments ProceedsFromSaleAndMaturityOfMarketableSecurities $182.20M USD 1 Quarter
Proceeds from sales and maturities of investments ProceedsFromSaleAndMaturityOfMarketableSecurities $187.40M USD 1 Quarter
Acquisitions and ventures PaymentsToAcquireBusinessesAndInterestInAffiliates $1.30M USD 1 Quarter
Acquisitions and ventures PaymentsToAcquireBusinessesAndInterestInAffiliates $3.60M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-128.50M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-41.20M USD 1 Quarter
Proceeds from issuance of short-term debt ProceedsFromShortTermDebt $943.90M USD 1 Quarter
Proceeds from issuance of short-term debt ProceedsFromShortTermDebt - USD 1 Quarter
Repayments of short-term debt RepaymentsOfShortTermDebt $970.00M USD 1 Quarter
Repayments of short-term debt RepaymentsOfShortTermDebt - USD 1 Quarter
Payments of capital lease obligations RepaymentsOfLongTermCapitalLeaseObligations $6.20M USD 1 Quarter
Payments of capital lease obligations RepaymentsOfLongTermCapitalLeaseObligations $7.20M USD 1 Quarter
Payments of dividends PaymentsOfDividendsCommonStock $40.50M USD 1 Quarter
Payments of dividends PaymentsOfDividendsCommonStock $41.40M USD 1 Quarter
Repurchases of common stock, including shares surrendered for tax withholdings PaymentsForRepurchaseOfCommonStock $114.90M USD 1 Quarter
Repurchases of common stock, including shares surrendered for tax withholdings PaymentsForRepurchaseOfCommonStock $14.40M USD 1 Quarter
Proceeds from exercises of stock options ProceedsFromStockOptionsExercised $100.00K USD 1 Quarter
Proceeds from exercises of stock options ProceedsFromStockOptionsExercised $3.20M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-61.00M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-186.40M USD 1 Quarter
Effect of exchange rate changes on cash, cash equivalents, and restricted cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $19.90M USD 1 Quarter
Effect of exchange rate changes on cash, cash equivalents, and restricted cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $-14.60M USD 1 Quarter
Net increase in cash, cash equivalents, and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $164.60M USD 1 Quarter
Net increase in cash, cash equivalents, and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $700.00K USD 1 Quarter
Cash, cash equivalents, and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $502.80M USD Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $502.10M USD Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $711.80M USD Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $876.40M USD Point-in-time
Cash, cash equivalents, and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $502.80M USD Point-in-time
Cash, cash equivalents, and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $502.10M USD Point-in-time
Cash, cash equivalents, and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $711.80M USD Point-in-time
Cash, cash equivalents, and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $876.40M USD Point-in-time
Comprehensive Income 12 line items
Line Item Tag Value Unit Period
Net income (loss) NetIncomeLoss $-22.30M USD 1 Quarter
Net income (loss) NetIncomeLoss $59.50M USD 1 Quarter
Foreign currency translation gains (losses) OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $56.60M USD 1 Quarter
Foreign currency translation gains (losses) OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-9.00M USD 1 Quarter
Net losses on cash flow hedges OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $-22.00M USD 1 Quarter
Net losses on cash flow hedges OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $-2.30M USD 1 Quarter
Net gains (losses) on defined benefit plans OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $300.00K USD 1 Quarter
Net gains (losses) on defined benefit plans OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-400.00K USD 1 Quarter
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $-10.90M USD 1 Quarter
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $34.30M USD 1 Quarter
Total comprehensive income (loss) ComprehensiveIncomeNetOfTax $93.80M USD 1 Quarter
Total comprehensive income (loss) ComprehensiveIncomeNetOfTax $-33.20M USD 1 Quarter

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

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