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10-Q Filing

INTERPARFUMS INC CIK: 822663 Q1 2019
Filing Information
Form Type 10-Q
Accession Number 0001615774-19-007104
Period End Date 20190331
Filing Date 20190506
Fiscal Year 2019
Fiscal Period Q1
XBRL Instance ipar-20190331.xml
Balance Sheet 85 line items
Line Item Tag Value Unit Period
Preferred stock, par value (in dollars per share) PreferredStockParOrStatedValuePerShare $0.00 USD Point-in-time
Preferred stock, par value (in dollars per share) PreferredStockParOrStatedValuePerShare $0.00 USD Point-in-time
Preferred stock, authorized PreferredStockSharesAuthorized 1.00M shares Point-in-time
Preferred stock, authorized PreferredStockSharesAuthorized 1.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $156.38M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $208.34M USD Point-in-time
Preferred stock, issued PreferredStockSharesIssued - shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $193.14M USD Point-in-time
Preferred stock, issued PreferredStockSharesIssued - shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $168.93M USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Short-term investments ShortTermInvestments $71.87M USD Point-in-time
Short-term investments ShortTermInvestments $67.87M USD Point-in-time
Common stock, authorized CommonStockSharesAuthorized 100.00M shares Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $136.42M USD Point-in-time
Common stock, authorized CommonStockSharesAuthorized 100.00M shares Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $167.28M USD Point-in-time
Common stock, outstanding CommonStockSharesOutstanding 31.45M shares Point-in-time
Inventories InventoryNet $165.39M USD Point-in-time
Inventories InventoryNet $160.98M USD Point-in-time
Common stock, outstanding CommonStockSharesOutstanding 31.38M shares Point-in-time
Receivables, other OtherReceivablesNetCurrent $1.46M USD Point-in-time
Treasury stock TreasuryStockShares 9.86M shares Point-in-time
Treasury stock TreasuryStockShares 9.86M shares Point-in-time
Receivables, other OtherReceivablesNetCurrent $2.11M USD Point-in-time
Other current assets OtherAssetsCurrent $7.96M USD Point-in-time
Other current assets OtherAssetsCurrent $8.08M USD Point-in-time
Income taxes receivable IncomeTaxesReceivable $810.00K USD Point-in-time
Income taxes receivable IncomeTaxesReceivable $111.00K USD Point-in-time
Total current assets AssetsCurrent $570.45M USD Point-in-time
Total current assets AssetsCurrent $569.40M USD Point-in-time
Equipment and leasehold improvements, net PropertyPlantAndEquipmentNet $9.84M USD Point-in-time
Equipment and leasehold improvements, net PropertyPlantAndEquipmentNet $9.44M USD Point-in-time
Right-of-use assets, net RightOfUseAssetCurrent - USD Point-in-time
Right-of-use assets, net RightOfUseAssetCurrent $30.23M USD Point-in-time
Trademarks, licenses and other intangible assets, net IntangibleAssetsNetExcludingGoodwill $204.32M USD Point-in-time
Trademarks, licenses and other intangible assets, net IntangibleAssetsNetExcludingGoodwill $199.78M USD Point-in-time
Deferred tax assets DeferredTaxAssetsLiabilitiesNetCurrent $9.30M USD Point-in-time
Deferred tax assets DeferredTaxAssetsLiabilitiesNetCurrent $9.46M USD Point-in-time
Other assets OtherAssetsNoncurrent $5.12M USD Point-in-time
Other assets OtherAssetsNoncurrent $6.30M USD Point-in-time
Total assets Assets $799.17M USD Point-in-time
Total assets Assets $824.48M USD Point-in-time
Current portion of long-term debt LongTermDebtCurrent $23.16M USD Point-in-time
Current portion of long-term debt LongTermDebtCurrent $23.63M USD Point-in-time
Current portion of lease liabilities LeaseLiabilitiesCurrent $5.22M USD Point-in-time
Current portion of lease liabilities LeaseLiabilitiesCurrent - USD Point-in-time
Accounts payable - trade AccountsPayableCurrent $62.93M USD Point-in-time
Accounts payable - trade AccountsPayableCurrent $58.33M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $75.33M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $92.47M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $8.03M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $4.40M USD Point-in-time
Dividends payable DividendsPayableCurrent $8.63M USD Point-in-time
Dividends payable DividendsPayableCurrent $8.65M USD Point-in-time
Total current liabilities LiabilitiesCurrent $183.78M USD Point-in-time
Total current liabilities LiabilitiesCurrent $186.98M USD Point-in-time
Long-term debt, less current portion LongTermDebtNoncurrent $22.91M USD Point-in-time
Long-term debt, less current portion LongTermDebtNoncurrent $15.97M USD Point-in-time
Lease liabilities, less current portion LeaseLiabilitiesNoncurrent - USD Point-in-time
Lease liabilities, less current portion LeaseLiabilitiesNoncurrent $25.73M USD Point-in-time
Deferred tax liability DeferredTaxLiabilitiesNoncurrent $3.54M USD Point-in-time
Deferred tax liability DeferredTaxLiabilitiesNoncurrent $3.24M USD Point-in-time
Preferred stock, $.001 par; authorized 1,000,000 shares; none issued PreferredStockValue - USD Point-in-time
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 31,449,065 and 31,382,127 shares at March 31, 2019 and December 31, 2018, respectively CommonStockValue $31.00K USD Point-in-time
Common stock, $.001 par; authorized 100,000,000 shares; outstanding 31,449,065 and 31,382,127 shares at March 31, 2019 and December 31, 2018, respectively CommonStockValue $31.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $72.10M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $69.97M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $448.73M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $459.33M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-33.65M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-40.10M USD Point-in-time
Treasury stock, at cost, 9,864,805 shares at March 31, 2019 and December 31, 2018 TreasuryStockValue $37.48M USD Point-in-time
Treasury stock, at cost, 9,864,805 shares at March 31, 2019 and December 31, 2018 TreasuryStockValue $37.48M USD Point-in-time
Total Inter Parfums, Inc. shareholders' equity StockholdersEquity $447.61M USD Point-in-time
Total Inter Parfums, Inc. shareholders' equity StockholdersEquity $453.89M USD Point-in-time
Noncontrolling interest MinorityInterest $141.88M USD Point-in-time
Noncontrolling interest MinorityInterest $138.14M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $585.75M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $600.28M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $595.77M USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $799.17M USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $824.48M USD Point-in-time
Income Statement 38 line items
Line Item Tag Value Unit Period
Net sales RevenueFromContractWithCustomerIncludingAssessedTax $171.77M USD 1 Quarter
Net sales RevenueFromContractWithCustomerIncludingAssessedTax $178.24M USD 1 Quarter
Cost of sales CostOfGoodsAndServicesSold $68.40M USD 1 Quarter
Cost of sales CostOfGoodsAndServicesSold $66.14M USD 1 Quarter
Gross margin GrossProfit $105.63M USD 1 Quarter
Gross margin GrossProfit $109.84M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $76.55M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $75.23M USD 1 Quarter
Income from operations OperatingIncomeLoss $30.40M USD 1 Quarter
Income from operations OperatingIncomeLoss $33.29M USD 1 Quarter
Interest expense InterestExpense $626.00K USD 1 Quarter
Interest expense InterestExpense $462.00K USD 1 Quarter
Loss on foreign currency ForeignCurrencyTransactionGainLossBeforeTax $-151.00K USD 1 Quarter
Loss on foreign currency ForeignCurrencyTransactionGainLossBeforeTax $-206.00K USD 1 Quarter
Interest income InvestmentIncomeInterestAndDividend $1.75M USD 1 Quarter
Interest income InvestmentIncomeInterestAndDividend $1.91M USD 1 Quarter
Other expenses (income) NonoperatingIncomeExpense $1.08M USD 1 Quarter
Other expenses (income) NonoperatingIncomeExpense $1.13M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $34.42M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $31.48M USD 1 Quarter
Income taxes IncomeTaxExpenseBenefit $9.44M USD 1 Quarter
Income taxes IncomeTaxExpenseBenefit $9.61M USD 1 Quarter
Net income ProfitLoss $24.98M USD 1 Quarter
Net income ProfitLoss $21.86M USD 1 Quarter
Less: Net income attributable to the noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $6.08M USD 1 Quarter
Less: Net income attributable to the noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $5.95M USD 1 Quarter
Net income attributable to Inter Parfums, Inc. NetIncomeLoss $18.89M USD 1 Quarter
Net income attributable to Inter Parfums, Inc. NetIncomeLoss $15.91M USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $0.51 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $0.60 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $0.60 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $0.51 USD 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 31,431.00 shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 31,267.00 shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 31,429.00 shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 31,679.00 shares 1 Quarter
Dividends declared per share (in dollars per share) CommonStockDividendsPerShareDeclared $0.21 USD 1 Quarter
Dividends declared per share (in dollars per share) CommonStockDividendsPerShareDeclared $0.28 USD 1 Quarter
Cash Flow Statement 64 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $24.98M USD 1 Quarter
Net income ProfitLoss $21.86M USD 1 Quarter
Depreciation and amortization DepreciationAmortizationAndImpairmentLoss $2.15M USD 1 Quarter
Depreciation and amortization DepreciationAmortizationAndImpairmentLoss $2.62M USD 1 Quarter
Provision for doubtful accounts ProvisionForDoubtfulAccounts $38.00K USD 1 Quarter
Provision for doubtful accounts ProvisionForDoubtfulAccounts $165.00K USD 1 Quarter
Lease expense LeaseExpense $196.00K USD 1 Quarter
Lease expense LeaseExpense - USD 1 Quarter
Noncash share-based compensation ShareBasedCompensation $955.00K USD 1 Quarter
Noncash share-based compensation ShareBasedCompensation $513.00K USD 1 Quarter
Deferred tax benefit DeferredIncomeTaxExpenseBenefit $-565.00K USD 1 Quarter
Deferred tax benefit DeferredIncomeTaxExpenseBenefit $-258.00K USD 1 Quarter
Change in fair value of derivatives UnrealizedGainLossOnDerivatives $-215.00K USD 1 Quarter
Change in fair value of derivatives UnrealizedGainLossOnDerivatives $294.00K USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $42.96M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $32.74M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $1.18M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $6.70M USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $1.20M USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $-1.10M USD 1 Quarter
Accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-8.88M USD 1 Quarter
Accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-6.98M USD 1 Quarter
Income taxes, net IncreaseDecreaseInAccruedTaxesPayable $5.16M USD 1 Quarter
Income taxes, net IncreaseDecreaseInAccruedTaxesPayable $6.55M USD 1 Quarter
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-14.61M USD 1 Quarter
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-20.66M USD 1 Quarter
Purchases of short-term investments PaymentsToAcquireShortTermInvestments $9.98M USD 1 Quarter
Purchases of short-term investments PaymentsToAcquireShortTermInvestments $22.37M USD 1 Quarter
Proceeds from sale of short-term investments ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments - USD 1 Quarter
Proceeds from sale of short-term investments ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments $17.04M USD 1 Quarter
Purchases of equipment and leasehold improvements PaymentsToAcquirePropertyPlantAndEquipment $580.00K USD 1 Quarter
Purchases of equipment and leasehold improvements PaymentsToAcquirePropertyPlantAndEquipment $964.00K USD 1 Quarter
Payment for intangible assets acquired PaymentsToAcquireIntangibleAssets $1.35M USD 1 Quarter
Payment for intangible assets acquired PaymentsToAcquireIntangibleAssets $53.00K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-6.35M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-11.91M USD 1 Quarter
Repayment of long-term debt RepaymentsOfLongTermDebt $6.14M USD 1 Quarter
Repayment of long-term debt RepaymentsOfLongTermDebt $5.66M USD 1 Quarter
Proceeds from exercise of options ProceedsFromStockOptionsAndWarrantsExercised $1.00M USD 1 Quarter
Proceeds from exercise of options ProceedsFromStockOptionsAndWarrantsExercised $2.25M USD 1 Quarter
Dividends paid PaymentsOfDividends $8.63M USD 1 Quarter
Dividends paid PaymentsOfDividends $6.56M USD 1 Quarter
Purchase of subsidiary shares from noncontrolling interest PaymentsForPurchaseOfSubsidiaryStockOwnership $-844.00K USD 1 Quarter
Purchase of subsidiary shares from noncontrolling interest PaymentsForPurchaseOfSubsidiaryStockOwnership - USD 1 Quarter
Dividends paid to minority interest PaymentsOfDividendsMinorityInterest $362.00K USD 1 Quarter
Dividends paid to minority interest PaymentsOfDividendsMinorityInterest - USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-12.06M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-12.88M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations $5.21M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations $-2.92M USD 1 Quarter
Net decrease in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-36.75M USD 1 Quarter
Net decrease in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-39.41M USD 1 Quarter
Cash and cash equivalents - beginning of period CashAndCashEquivalentsAtCarryingValue $156.38M USD Point-in-time
Cash and cash equivalents - beginning of period CashAndCashEquivalentsAtCarryingValue $208.34M USD Point-in-time
Cash and cash equivalents - beginning of period CashAndCashEquivalentsAtCarryingValue $193.14M USD Point-in-time
Cash and cash equivalents - beginning of period CashAndCashEquivalentsAtCarryingValue $168.93M USD Point-in-time
Cash and cash equivalents - end of period CashAndCashEquivalentsAtCarryingValue $156.38M USD Point-in-time
Cash and cash equivalents - end of period CashAndCashEquivalentsAtCarryingValue $208.34M USD Point-in-time
Cash and cash equivalents - end of period CashAndCashEquivalentsAtCarryingValue $193.14M USD Point-in-time
Cash and cash equivalents - end of period CashAndCashEquivalentsAtCarryingValue $168.93M USD Point-in-time
Interest InterestPaidNet $301.00K USD 1 Quarter
Interest InterestPaidNet $420.00K USD 1 Quarter
Income taxes IncomeTaxesPaid $5.18M USD 1 Quarter
Income taxes IncomeTaxesPaid $5.31M USD 1 Quarter
Stockholders Equity 10 line items
Line Item Tag Value Unit Period
Balance, beginning StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $585.75M USD Point-in-time
Balance, beginning StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $600.28M USD Point-in-time
Balance, beginning StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $595.77M USD Point-in-time
Net income ProfitLoss $24.98M USD 1 Quarter
Net income ProfitLoss $21.86M USD 1 Quarter
Foreign currency translation adjustment, net of tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-8.54M USD 1 Quarter
Foreign currency translation adjustment, net of tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $13.24M USD 1 Quarter
Balance, ending StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $585.75M USD Point-in-time
Balance, ending StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $600.28M USD Point-in-time
Balance, ending StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $595.77M USD Point-in-time
Comprehensive Income 22 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $24.98M USD 1 Quarter
Net income ProfitLoss $21.86M USD 1 Quarter
Net derivative instrument loss, net of tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTaxAtrributableToParent $-59.00K USD 1 Quarter
Net derivative instrument loss, net of tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTaxAtrributableToParent $-63.00K USD 1 Quarter
Transfer from other comprehensive income into earnings ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent $38.00K USD 1 Quarter
Transfer from other comprehensive income into earnings ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent $136.00K USD 1 Quarter
Translation adjustments, net of tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-8.54M USD 1 Quarter
Translation adjustments, net of tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $13.24M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $16.24M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $35.00M USD 1 Quarter
Net income NetIncomeLossAttributableToNoncontrollingInterest $6.08M USD 1 Quarter
Net income NetIncomeLossAttributableToNoncontrollingInterest $5.95M USD 1 Quarter
Net derivative instrument loss, net of tax OtherComprehensiveIncomeLossUnrealizedGainLossOnDerivativesArisingDuringPeriodNetofTax $-26.00K USD 1 Quarter
Net derivative instrument loss, net of tax OtherComprehensiveIncomeLossUnrealizedGainLossOnDerivativesArisingDuringPeriodNetofTax $-52.00K USD 1 Quarter
Transfer from other comprehensive income into earnings ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax $-8.00K USD 1 Quarter
Transfer from other comprehensive income into earnings ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax - USD 1 Quarter
Translation adjustments, net of tax OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest $3.77M USD 1 Quarter
Translation adjustments, net of tax OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest $-2.24M USD 1 Quarter
Comprehensive income attributable to the noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $9.69M USD 1 Quarter
Comprehensive income attributable to the noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $3.79M USD 1 Quarter
Comprehensive income attributable to Inter Parfums, Inc. ComprehensiveIncomeNetOfTax $12.45M USD 1 Quarter
Comprehensive income attributable to Inter Parfums, Inc. ComprehensiveIncomeNetOfTax $25.32M USD 1 Quarter

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

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