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10-Q Filing

INTERPARFUMS INC CIK: 822663 Q1 2017
Filing Information
Form Type 10-Q
Accession Number 0001144204-17-025637
Period End Date 20170331
Filing Date 20170509
Fiscal Year 2017
Fiscal Period Q1
XBRL Instance ipar-20170331.xml
Balance Sheet 80 line items
Line Item Tag Value Unit Period
Preferred stock, par PreferredStockParOrStatedValuePerShare $0.00 USD Point-in-time
Preferred stock, par PreferredStockParOrStatedValuePerShare $0.00 USD Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 1.00M shares Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 1.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $151.46M USD Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $109.83M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $161.83M USD Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $176.97M USD Point-in-time
Common stock, par CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Short-term investments ShortTermInvestments $115.67M USD Point-in-time
Short-term investments ShortTermInvestments $94.20M USD Point-in-time
Common stock, par CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 100.00M shares Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 100.00M shares Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $139.88M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $104.82M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 31.14M shares Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 31.17M shares Point-in-time
Inventories InventoryNet $111.32M USD Point-in-time
Inventories InventoryNet $96.98M USD Point-in-time
Treasury shares, shares TreasuryStockShares 9.86M shares Point-in-time
Receivables, other OtherReceivablesNetCurrent $7.43M USD Point-in-time
Treasury shares, shares TreasuryStockShares 9.86M shares Point-in-time
Receivables, other OtherReceivablesNetCurrent $8.23M USD Point-in-time
Other current assets OtherAssetsCurrent $6.24M USD Point-in-time
Other current assets OtherAssetsCurrent $7.29M USD Point-in-time
Income taxes receivable IncomeTaxesReceivable $626.00K USD Point-in-time
Income taxes receivable IncomeTaxesReceivable $360.00K USD Point-in-time
Total current assets AssetsCurrent $472.12M USD Point-in-time
Total current assets AssetsCurrent $492.58M USD Point-in-time
Equipment and leasehold improvements, net PropertyPlantAndEquipmentNet $10.08M USD Point-in-time
Equipment and leasehold improvements, net PropertyPlantAndEquipmentNet $9.77M USD Point-in-time
Trademarks, licenses and other intangible assets, net IntangibleAssetsNetExcludingGoodwill $184.99M USD Point-in-time
Trademarks, licenses and other intangible assets, net IntangibleAssetsNetExcludingGoodwill $183.87M USD Point-in-time
Deferred tax assets DeferredTaxAssetsLiabilitiesNetCurrent $8.09M USD Point-in-time
Deferred tax assets DeferredTaxAssetsLiabilitiesNetCurrent $8.77M USD Point-in-time
Other assets OtherAssetsNoncurrent $8.25M USD Point-in-time
Other assets OtherAssetsNoncurrent $7.99M USD Point-in-time
Total assets Assets $704.11M USD Point-in-time
Total assets Assets $682.41M USD Point-in-time
Total assets Assets $712.08M USD Point-in-time
Current portion of long-term debt LongTermDebtCurrent $21.50M USD Point-in-time
Current portion of long-term debt LongTermDebtCurrent $21.83M USD Point-in-time
Accounts payable - trade AccountsPayableCurrent $49.51M USD Point-in-time
Accounts payable - trade AccountsPayableCurrent $60.18M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $53.06M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $62.61M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $3.33M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $8.02M USD Point-in-time
Dividends payable DividendsPayableCurrent $5.30M USD Point-in-time
Dividends payable DividendsPayableCurrent $5.29M USD Point-in-time
Total current liabilities LiabilitiesCurrent $142.24M USD Point-in-time
Total current liabilities LiabilitiesCurrent $148.39M USD Point-in-time
Long term debt, less current portion LongTermDebtNoncurrent $48.34M USD Point-in-time
Long term debt, less current portion LongTermDebtNoncurrent $53.06M USD Point-in-time
Deferred tax liability DeferredTaxLiabilitiesNoncurrent $3.66M USD Point-in-time
Deferred tax liability DeferredTaxLiabilitiesNoncurrent $3.45M USD Point-in-time
Inter Parfums, Inc. shareholders equity: Preferred stock, $.001 par; authorized 1,000,000 shares; none issued PreferredStockValue - USD Point-in-time
Inter Parfums, Inc. shareholders equity: Preferred stock, $.001 par; authorized 1,000,000 shares; none issued PreferredStockValue - USD Point-in-time
Common stock, $.001 par; authorized 100,000,000 shares; outstanding 31,168,108 and 31,138,318 shares at March 31, 2017 and December 31, 2016, respectively CommonStockValue $31.00K USD Point-in-time
Common stock, $.001 par; authorized 100,000,000 shares; outstanding 31,168,108 and 31,138,318 shares at March 31, 2017 and December 31, 2016, respectively CommonStockValue $31.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $63.10M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $63.88M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $402.71M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $410.96M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-57.98M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-53.41M USD Point-in-time
Treasury stock, at cost, 9,864,805 shares at March 31, 2017 and December 31, 2016 TreasuryStockValue $37.48M USD Point-in-time
Treasury stock, at cost, 9,864,805 shares at March 31, 2017 and December 31, 2016 TreasuryStockValue $37.48M USD Point-in-time
Total Inter Parfums, Inc. shareholders equity StockholdersEquity $383.98M USD Point-in-time
Total Inter Parfums, Inc. shareholders equity StockholdersEquity $370.39M USD Point-in-time
Noncontrolling interest MinorityInterest $119.75M USD Point-in-time
Noncontrolling interest MinorityInterest $113.27M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $500.56M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $503.73M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $483.66M USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $704.11M USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $682.41M USD Point-in-time
Income Statement 38 line items
Line Item Tag Value Unit Period
Net sales SalesRevenueNet $143.06M USD 1 Quarter
Net sales SalesRevenueNet $111.52M USD 1 Quarter
Cost of sales CostOfGoodsSold $40.20M USD 1 Quarter
Cost of sales CostOfGoodsSold $52.99M USD 1 Quarter
Gross margin GrossProfit $90.07M USD 1 Quarter
Gross margin GrossProfit $71.32M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $63.90M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $53.79M USD 1 Quarter
Income from operations OperatingIncomeLoss $17.53M USD 1 Quarter
Income from operations OperatingIncomeLoss $26.17M USD 1 Quarter
Interest expense InterestExpense $271.00K USD 1 Quarter
Interest expense InterestExpense $973.00K USD 1 Quarter
Loss on foreign currency ForeignCurrencyTransactionGainLossBeforeTax $-156.00K USD 1 Quarter
Loss on foreign currency ForeignCurrencyTransactionGainLossBeforeTax $-714.00K USD 1 Quarter
Interest and dividend income InvestmentIncomeInterestAndDividend $1.35M USD 1 Quarter
Interest and dividend income InvestmentIncomeInterestAndDividend $1.27M USD 1 Quarter
Other expenses (income) NonoperatingIncomeExpense $-333.00K USD 1 Quarter
Other expenses (income) NonoperatingIncomeExpense $845.00K USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $17.20M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $27.02M USD 1 Quarter
Income taxes IncomeTaxExpenseBenefit $7.75M USD 1 Quarter
Income taxes IncomeTaxExpenseBenefit $8.85M USD 1 Quarter
Net income ProfitLoss $18.17M USD 1 Quarter
Net income ProfitLoss $9.45M USD 1 Quarter
Less: Net income attributable to the noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $2.11M USD 1 Quarter
Less: Net income attributable to the noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $4.79M USD 1 Quarter
Net income attributable to Inter Parfums, Inc. NetIncomeLoss $7.33M USD 1 Quarter
Net income attributable to Inter Parfums, Inc. NetIncomeLoss $13.37M USD 1 Quarter
Basic EarningsPerShareBasic $0.24 USD 1 Quarter
Basic EarningsPerShareBasic $0.43 USD 1 Quarter
Diluted EarningsPerShareDiluted $0.24 USD 1 Quarter
Diluted EarningsPerShareDiluted $0.43 USD 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 31,145.00 shares 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 31,039.00 shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 31,115.00 shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 31,254.00 shares 1 Quarter
Dividends declared per share CommonStockDividendsPerShareDeclared $0.15 USD 1 Quarter
Dividends declared per share CommonStockDividendsPerShareDeclared $0.17 USD 1 Quarter
Cash Flow Statement 60 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $18.17M USD 1 Quarter
Net income ProfitLoss $9.45M USD 1 Quarter
Depreciation and amortization DepreciationAmortizationAndImpairmentLoss $2.34M USD 1 Quarter
Depreciation and amortization DepreciationAmortizationAndImpairmentLoss $2.62M USD 1 Quarter
Provision for doubtful accounts ProvisionForDoubtfulAccounts $15.00K USD 1 Quarter
Provision for doubtful accounts ProvisionForDoubtfulAccounts $225.00K USD 1 Quarter
Noncash stock compensation ShareBasedCompensation $212.00K USD 1 Quarter
Noncash stock compensation ShareBasedCompensation $507.00K USD 1 Quarter
Deferred tax benefit DeferredIncomeTaxExpenseBenefit $-406.00K USD 1 Quarter
Deferred tax benefit DeferredIncomeTaxExpenseBenefit $-674.00K USD 1 Quarter
Change in fair value of derivatives UnrealizedGainLossOnDerivatives $87.00K USD 1 Quarter
Change in fair value of derivatives UnrealizedGainLossOnDerivatives $285.00K USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $33.98M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $8.69M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $10.76M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $13.27M USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $743.00K USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $-340.00K USD 1 Quarter
Accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-563.00K USD 1 Quarter
Accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-9.11M USD 1 Quarter
Income taxes, net IncreaseDecreaseInAccruedTaxesPayable $4.58M USD 1 Quarter
Income taxes, net IncreaseDecreaseInAccruedTaxesPayable $4.73M USD 1 Quarter
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $-23.00M USD 1 Quarter
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $-12.39M USD 1 Quarter
Purchases of short-term investments PaymentsToAcquireShortTermInvestments $24.31M USD 1 Quarter
Purchases of short-term investments PaymentsToAcquireShortTermInvestments $14.34M USD 1 Quarter
Proceeds from sale of short-term investments ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments $5.51M USD 1 Quarter
Proceeds from sale of short-term investments ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments $4.26M USD 1 Quarter
Purchases of equipment and leasehold improvements PaymentsToAcquirePropertyPlantAndEquipment $1.42M USD 1 Quarter
Purchases of equipment and leasehold improvements PaymentsToAcquirePropertyPlantAndEquipment $729.00K USD 1 Quarter
Payment for intangible assets acquired PaymentsToAcquireIntangibleAssets $129.00K USD 1 Quarter
Payment for intangible assets acquired PaymentsToAcquireIntangibleAssets $111.00K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-20.91M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-10.36M USD 1 Quarter
Repayment of long-term debt RepaymentsOfLongTermDebt $5.48M USD 1 Quarter
Repayment of long-term debt RepaymentsOfLongTermDebt $5.25M USD 1 Quarter
Proceeds from exercise of options ProceedsFromStockOptionsAndWarrantsExercised $542.00K USD 1 Quarter
Proceeds from exercise of options ProceedsFromStockOptionsAndWarrantsExercised $132.00K USD 1 Quarter
Proceeds from sale of stock of subsidiary ProceedsFromSaleOfSubsidiaryStockOwnership - USD 1 Quarter
Proceeds from sale of stock of subsidiary ProceedsFromSaleOfSubsidiaryStockOwnership $143.00K USD 1 Quarter
Dividends paid PaymentsOfDividends $4.04M USD 1 Quarter
Dividends paid PaymentsOfDividends $5.29M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-10.00M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-9.24M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations $6.49M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations $1.91M USD 1 Quarter
Net decrease in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-52.00M USD 1 Quarter
Net decrease in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-25.50M USD 1 Quarter
Cash and cash equivalents - beginning of period CashAndCashEquivalentsAtCarryingValue $151.46M USD Point-in-time
Cash and cash equivalents - beginning of period CashAndCashEquivalentsAtCarryingValue $109.83M USD Point-in-time
Cash and cash equivalents - beginning of period CashAndCashEquivalentsAtCarryingValue $161.83M USD Point-in-time
Cash and cash equivalents - beginning of period CashAndCashEquivalentsAtCarryingValue $176.97M USD Point-in-time
Cash and cash equivalents - end of period CashAndCashEquivalentsAtCarryingValue $151.46M USD Point-in-time
Cash and cash equivalents - end of period CashAndCashEquivalentsAtCarryingValue $109.83M USD Point-in-time
Cash and cash equivalents - end of period CashAndCashEquivalentsAtCarryingValue $161.83M USD Point-in-time
Cash and cash equivalents - end of period CashAndCashEquivalentsAtCarryingValue $176.97M USD Point-in-time
Interest InterestPaid $560.00K USD 1 Quarter
Interest InterestPaid $492.00K USD 1 Quarter
Income taxes IncomeTaxesPaid $3.78M USD 1 Quarter
Income taxes IncomeTaxesPaid $4.58M USD 1 Quarter
Stockholders Equity 10 line items
Line Item Tag Value Unit Period
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $500.56M USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $503.73M USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $483.66M USD Point-in-time
Net income ProfitLoss $18.17M USD 1 Quarter
Net income ProfitLoss $9.45M USD 1 Quarter
Foreign currency translation adjustment, net of tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $18.89M USD 1 Quarter
Foreign currency translation adjustment, net of tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $5.77M USD 1 Quarter
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $500.56M USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $503.73M USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $483.66M USD Point-in-time
Comprehensive Income 22 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $18.17M USD 1 Quarter
Net income ProfitLoss $9.45M USD 1 Quarter
Net derivative instrument loss, net of tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTaxAtrributableToParent $342.00K USD 1 Quarter
Net derivative instrument loss, net of tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTaxAtrributableToParent - USD 1 Quarter
Transfer from other comprehensive income into earnings ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent - USD 1 Quarter
Transfer from other comprehensive income into earnings ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent $-22.00K USD 1 Quarter
Foreign currency translation adjustment, net of tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $18.89M USD 1 Quarter
Foreign currency translation adjustment, net of tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $5.77M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $28.34M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $24.30M USD 1 Quarter
Net income NetIncomeLossAttributableToNoncontrollingInterest $2.11M USD 1 Quarter
Net income NetIncomeLossAttributableToNoncontrollingInterest $4.79M USD 1 Quarter
Net derivative instrument loss, net of tax OtherComprehensiveIncomeLossUnrealizedGainLossOnDerivativesArisingDuringPeriodNetofTax - USD 1 Quarter
Net derivative instrument loss, net of tax OtherComprehensiveIncomeLossUnrealizedGainLossOnDerivativesArisingDuringPeriodNetofTax $96.00K USD 1 Quarter
Transfer from other comprehensive income into earnings ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax - USD 1 Quarter
Transfer from other comprehensive income into earnings ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax $5.00K USD 1 Quarter
Translation adjustments, net of tax OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest $1.46M USD 1 Quarter
Translation adjustments, net of tax OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest $5.25M USD 1 Quarter
Comprehensive income attributable to the noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $6.36M USD 1 Quarter
Comprehensive income attributable to the noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $7.36M USD 1 Quarter
Comprehensive income attributable to Inter Parfums, Inc. ComprehensiveIncomeNetOfTax $17.94M USD 1 Quarter
Comprehensive income attributable to Inter Parfums, Inc. ComprehensiveIncomeNetOfTax $20.98M USD 1 Quarter

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

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