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10-Q Filing

AVON PRODUCTS INC CIK: 8868 Q1 2013
Filing Information
Form Type 10-Q
Accession Number 0000008868-13-000026
Period End Date 20130331
Filing Date 20130430
Fiscal Year 2013
Fiscal Period Q1
XBRL Instance avp-20130331.xml
Filing Contents
Balance Sheet 70 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $1.22B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $1.21B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $1.25B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $1.49B USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $742.90M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $751.90M USD Point-in-time
Inventories InventoryNet $1.14B USD Point-in-time
Inventories InventoryNet $1.21B USD Point-in-time
Prepaid expenses and other PrepaidExpenseAndOtherAssetsCurrent $832.00M USD Point-in-time
Prepaid expenses and other PrepaidExpenseAndOtherAssetsCurrent $787.10M USD Point-in-time
Total current assets AssetsCurrent $3.93B USD Point-in-time
Total current assets AssetsCurrent $4.23B USD Point-in-time
Property, plant and equipment, at cost PropertyPlantAndEquipmentGross $2.62B USD Point-in-time
Property, plant and equipment, at cost PropertyPlantAndEquipmentGross $2.71B USD Point-in-time
Less accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $1.16B USD Point-in-time
Less accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $1.12B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $1.50B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $1.55B USD Point-in-time
Goodwill Goodwill $374.90M USD Point-in-time
Goodwill Goodwill $361.20M USD Point-in-time
Other intangible assets, net IntangibleAssetsNetExcludingGoodwill $115.80M USD Point-in-time
Other intangible assets, net IntangibleAssetsNetExcludingGoodwill $120.30M USD Point-in-time
Other assets OtherAssetsNoncurrent $1.36B USD Point-in-time
Other assets OtherAssetsNoncurrent $1.41B USD Point-in-time
Total assets Assets $7.57B USD Point-in-time
Total assets Assets $7.38B USD Point-in-time
Debt maturing within one year DebtCurrent $572.00M USD Point-in-time
Debt maturing within one year DebtCurrent $949.40M USD Point-in-time
Accounts payable AccountsPayableCurrent $890.30M USD Point-in-time
Accounts payable AccountsPayableCurrent $920.00M USD Point-in-time
Accrued compensation EmployeeRelatedLiabilitiesCurrent $222.30M USD Point-in-time
Accrued compensation EmployeeRelatedLiabilitiesCurrent $266.60M USD Point-in-time
Other accrued liabilities OtherAccruedLiabilitiesCurrent $661.00M USD Point-in-time
Other accrued liabilities OtherAccruedLiabilitiesCurrent $585.70M USD Point-in-time
Sales and taxes other than income SalesAndTaxesOtherThanIncome $211.40M USD Point-in-time
Sales and taxes other than income SalesAndTaxesOtherThanIncome $215.90M USD Point-in-time
Income taxes AccruedIncomeTaxesCurrent $73.60M USD Point-in-time
Income taxes AccruedIncomeTaxesCurrent $43.80M USD Point-in-time
Total current liabilities LiabilitiesCurrent $2.70B USD Point-in-time
Total current liabilities LiabilitiesCurrent $2.91B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $2.69B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $2.62B USD Point-in-time
Employee benefit plans PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent $616.00M USD Point-in-time
Employee benefit plans PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent $637.60M USD Point-in-time
Long-term income taxes TaxesPayableNoncurrent $52.00M USD Point-in-time
Long-term income taxes TaxesPayableNoncurrent $51.90M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $131.10M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $117.90M USD Point-in-time
Total liabilities Liabilities $6.15B USD Point-in-time
Total liabilities Liabilities $6.38B USD Point-in-time
Contingencies (Note 5) CommitmentsAndContingencies - USD Point-in-time
Contingencies (Note 5) CommitmentsAndContingencies - USD Point-in-time
Common stock CommonStockValue $188.30M USD Point-in-time
Common stock CommonStockValue $189.30M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $2.14B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $2.12B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $4.36B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $4.32B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-876.70M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-889.20M USD Point-in-time
Treasury stock, at cost TreasuryStockValue $4.57B USD Point-in-time
Treasury stock, at cost TreasuryStockValue $4.58B USD Point-in-time
Total shareholders' equity StockholdersEquity $1.22B USD Point-in-time
Total shareholders' equity StockholdersEquity $1.18B USD Point-in-time
Noncontrolling interest MinorityInterest $16.20M USD Point-in-time
Noncontrolling interest MinorityInterest $17.10M USD Point-in-time
Total shareholders equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.23B USD Point-in-time
Total shareholders equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.20B USD Point-in-time
Total liabilities and shareholders' equity LiabilitiesAndStockholdersEquity $7.38B USD Point-in-time
Total liabilities and shareholders' equity LiabilitiesAndStockholdersEquity $7.57B USD Point-in-time
Income Statement 38 line items
Line Item Tag Value Unit Period
Net sales SalesRevenueGoodsNet $2.53B USD 1 Quarter
Net sales SalesRevenueGoodsNet $2.43B USD 1 Quarter
Other revenue OtherSalesRevenueNet $51.70M USD 1 Quarter
Other revenue OtherSalesRevenueNet $42.60M USD 1 Quarter
Total revenue Revenues $2.48B USD 1 Quarter
Total revenue Revenues $2.58B USD 1 Quarter
Cost of sales CostOfRevenue $941.60M USD 1 Quarter
Cost of sales CostOfRevenue $1.01B USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $1.37B USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $1.49B USD 1 Quarter
Operating profit OperatingIncomeLoss $71.50M USD 1 Quarter
Operating profit OperatingIncomeLoss $172.10M USD 1 Quarter
Interest expense InterestExpense $24.60M USD 1 Quarter
Interest expense InterestExpense $29.40M USD 1 Quarter
Loss on extinguishment of debt GainsLossesOnExtinguishmentOfDebt - USD 1 Quarter
Loss on extinguishment of debt GainsLossesOnExtinguishmentOfDebt $-73.00M USD 1 Quarter
Interest income InvestmentIncomeInterest $2.00M USD 1 Quarter
Interest income InvestmentIncomeInterest $3.90M USD 1 Quarter
Other expense, net OtherNonoperatingIncomeExpense $-44.40M USD 1 Quarter
Other expense, net OtherNonoperatingIncomeExpense $-10.00M USD 1 Quarter
Total other expenses NonoperatingIncomeExpense $-144.80M USD 1 Quarter
Total other expenses NonoperatingIncomeExpense $-30.70M USD 1 Quarter
Income before taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $27.30M USD 1 Quarter
Income before taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $40.80M USD 1 Quarter
Income taxes IncomeTaxExpenseBenefit $13.20M USD 1 Quarter
Income taxes IncomeTaxExpenseBenefit $39.90M USD 1 Quarter
Net (loss) income ProfitLoss $27.60M USD 1 Quarter
Net (loss) income ProfitLoss $-12.60M USD 1 Quarter
Net income attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $1.10M USD 1 Quarter
Net income attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $1.10M USD 1 Quarter
Net (loss) income attributable to Avon NetIncomeLoss $26.50M USD 1 Quarter
Net (loss) income attributable to Avon NetIncomeLoss $-13.70M USD 1 Quarter
Basic attributable to Avon EarningsPerShareBasic $-0.03 USD 1 Quarter
Basic attributable to Avon EarningsPerShareBasic $0.06 USD 1 Quarter
Diluted attributable to Avon EarningsPerShareDiluted $-0.03 USD 1 Quarter
Diluted attributable to Avon EarningsPerShareDiluted $0.06 USD 1 Quarter
Cash dividends per common share CommonStockDividendsPerShareCashPaid $0.23 USD 1 Quarter
Cash dividends per common share CommonStockDividendsPerShareCashPaid $0.06 USD 1 Quarter
Cash Flow Statement 72 line items
Line Item Tag Value Unit Period
Change in fair market value of interest-rate swap agreements GainLossOnFairValueHedgesRecognizedInEarnings $-700.00K USD 1 Quarter
Change in fair market value of interest-rate swap agreements GainLossOnFairValueHedgesRecognizedInEarnings $-4.50M USD 1 Quarter
Net (loss) income ProfitLoss $27.60M USD 1 Quarter
Net (loss) income ProfitLoss $-12.60M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $57.00M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $60.50M USD 1 Quarter
Provision for doubtful accounts ProvisionForDoubtfulAccounts $74.00M USD 1 Quarter
Provision for doubtful accounts ProvisionForDoubtfulAccounts $52.00M USD 1 Quarter
Provision for obsolescence InventoryWriteDown $28.30M USD 1 Quarter
Provision for obsolescence InventoryWriteDown $29.60M USD 1 Quarter
Share-based compensation ShareBasedCompensation $11.80M USD 1 Quarter
Share-based compensation ShareBasedCompensation $10.70M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-26.20M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-2.80M USD 1 Quarter
Charge for Venezuelan monetary assets and liabilities ChargesForVenezuelanMonetaryAssetsAndLiabilities $-34.10M USD 1 Quarter
Charge for Venezuelan monetary assets and liabilities ChargesForVenezuelanMonetaryAssetsAndLiabilities - USD 1 Quarter
Other OtherNoncashIncomeExpense $-21.60M USD 1 Quarter
Other OtherNoncashIncomeExpense $-13.40M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $44.00M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $62.90M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $111.30M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $80.10M USD 1 Quarter
Prepaid expenses and other IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-37.20M USD 1 Quarter
Prepaid expenses and other IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $500.00K USD 1 Quarter
Accounts payable and accrued liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-98.80M USD 1 Quarter
Accounts payable and accrued liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-60.70M USD 1 Quarter
Income and other taxes IncreaseDecreaseInIncomeAndOtherTaxes $-15.30M USD 1 Quarter
Income and other taxes IncreaseDecreaseInIncomeAndOtherTaxes $-46.60M USD 1 Quarter
Noncurrent assets and liabilities IncreaseDecreaseInOtherOperatingCapitalNet $27.10M USD 1 Quarter
Noncurrent assets and liabilities IncreaseDecreaseInOtherOperatingCapitalNet $20.80M USD 1 Quarter
Net cash used by operating activities NetCashProvidedByUsedInOperatingActivities $-33.00M USD 1 Quarter
Net cash used by operating activities NetCashProvidedByUsedInOperatingActivities $-118.90M USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $45.70M USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $43.50M USD 1 Quarter
Disposal of assets ProceedsFromSaleOfProductiveAssets $4.50M USD 1 Quarter
Disposal of assets ProceedsFromSaleOfProductiveAssets $9.30M USD 1 Quarter
Purchases of investments PaymentsToAcquireInvestments $4.20M USD 1 Quarter
Purchases of investments PaymentsToAcquireInvestments $100.00K USD 1 Quarter
Proceeds from sale of investments ProceedsFromSaleMaturityAndCollectionsOfInvestments - USD 1 Quarter
Proceeds from sale of investments ProceedsFromSaleMaturityAndCollectionsOfInvestments $2.50M USD 1 Quarter
Net cash used by investing activities NetCashProvidedByUsedInInvestingActivities $-35.90M USD 1 Quarter
Net cash used by investing activities NetCashProvidedByUsedInInvestingActivities $-41.30M USD 1 Quarter
Cash dividends PaymentsOfDividends $26.20M USD 1 Quarter
Cash dividends PaymentsOfDividends $100.00M USD 1 Quarter
Debt, net (maturities of three months or less) ProceedsFromRepaymentsOfShortTermDebt $50.20M USD 1 Quarter
Debt, net (maturities of three months or less) ProceedsFromRepaymentsOfShortTermDebt $118.70M USD 1 Quarter
Proceeds from debt ProceedsFromOtherDebt $1.49B USD 1 Quarter
Proceeds from debt ProceedsFromOtherDebt $66.40M USD 1 Quarter
Repayment of debt RepaymentsOfOtherDebt $41.10M USD 1 Quarter
Repayment of debt RepaymentsOfOtherDebt $1.17B USD 1 Quarter
Interest rate swap termination InterestRateSwapTermination $88.10M USD 1 Quarter
Interest rate swap termination InterestRateSwapTermination $43.60M USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $4.20M USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $9.50M USD 1 Quarter
Excess tax benefit realized from share-based compensation ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $-100.00K USD 1 Quarter
Excess tax benefit realized from share-based compensation ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $-2.20M USD 1 Quarter
Repurchase of common stock PaymentsForRepurchaseOfCommonStock $7.40M USD 1 Quarter
Repurchase of common stock PaymentsForRepurchaseOfCommonStock $6.80M USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $495.20M USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $13.70M USD 1 Quarter
Effect of exchange rate changes on cash and equivalents EffectOfExchangeRateOnCashAndCashEquivalents $-61.60M USD 1 Quarter
Effect of exchange rate changes on cash and equivalents EffectOfExchangeRateOnCashAndCashEquivalents $30.70M USD 1 Quarter
Net increase (decrease) in cash and equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $278.80M USD 1 Quarter
Net increase (decrease) in cash and equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-29.90M USD 1 Quarter
Cash and equivalents at beginning of year CashAndCashEquivalentsAtCarryingValue $1.49B USD Point-in-time
Cash and equivalents at beginning of year CashAndCashEquivalentsAtCarryingValue $1.22B USD Point-in-time
Cash and equivalents at beginning of year CashAndCashEquivalentsAtCarryingValue $1.21B USD Point-in-time
Cash and equivalents at beginning of year CashAndCashEquivalentsAtCarryingValue $1.25B USD Point-in-time
Cash and equivalents at end of period CashAndCashEquivalentsAtCarryingValue $1.21B USD Point-in-time
Cash and equivalents at end of period CashAndCashEquivalentsAtCarryingValue $1.25B USD Point-in-time
Cash and equivalents at end of period CashAndCashEquivalentsAtCarryingValue $1.22B USD Point-in-time
Cash and equivalents at end of period CashAndCashEquivalentsAtCarryingValue $1.49B USD Point-in-time
Comprehensive Income 22 line items
Line Item Tag Value Unit Period
Net (loss) income ProfitLoss $27.60M USD 1 Quarter
Net (loss) income ProfitLoss $-12.60M USD 1 Quarter
Change in derivative losses on cash flow hedges, taxes OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax $500.00K USD 1 Quarter
Change in derivative losses on cash flow hedges, taxes OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax $400.00K USD 1 Quarter
Adjustments of and amortization of net actuarial loss, prior service costs, and transition obligation, taxes OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent $5.00M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $124.90M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-23.40M USD 1 Quarter
Adjustments of and amortization of net actuarial loss, prior service costs, and transition obligation, taxes OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent $4.40M USD 1 Quarter
Change in derivative losses on cash flow hedges, net of taxes OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $1.00M USD 1 Quarter
Change in derivative losses on cash flow hedges, net of taxes OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $800.00K USD 1 Quarter
Change in derivative losses on net investment hedges DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet - USD 1 Quarter
Change in derivative losses on net investment hedges DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet $-300.00K USD 1 Quarter
Adjustments of and amortization of net actuarial loss, prior service cost, and transition obligation, net of taxes OtherComprehensiveIncomeLossAmortizationPensionAndOtherPostretirementBenefitPlansNetPriorServiceCostRecognizedInNetPeriodicPensionCostNetOfTax $9.30M USD 1 Quarter
Adjustments of and amortization of net actuarial loss, prior service cost, and transition obligation, net of taxes OtherComprehensiveIncomeLossAmortizationPensionAndOtherPostretirementBenefitPlansNetPriorServiceCostRecognizedInNetPeriodicPensionCostNetOfTax $10.10M USD 1 Quarter
Total other comprehensive (loss) income, net of taxes OtherComprehensiveIncomeLossNetOfTax $134.90M USD 1 Quarter
Total other comprehensive (loss) income, net of taxes OtherComprehensiveIncomeLossNetOfTax $-12.50M USD 1 Quarter
Comprehensive (loss) income ComprehensiveIncomeNetOfTax $162.50M USD 1 Quarter
Comprehensive (loss) income ComprehensiveIncomeNetOfTax $-25.10M USD 1 Quarter
Less: comprehensive income attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $900.00K USD 1 Quarter
Less: comprehensive income attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $600.00K USD 1 Quarter
Comprehensive (loss) income attributable to Avon ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $161.90M USD 1 Quarter
Comprehensive (loss) income attributable to Avon ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-26.00M USD 1 Quarter

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

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