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10-Q Filing

AVON PRODUCTS INC CIK: 8868 Q1 2015
Filing Information
Form Type 10-Q
Accession Number 0000008868-15-000028
Period End Date 20150331
Filing Date 20150430
Fiscal Year 2015
Fiscal Period Q1
XBRL Instance avp-20150331.xml
Filing Contents
Balance Sheet 68 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $668.90M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $960.50M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $795.10M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $1.11B USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $509.40M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $563.50M USD Point-in-time
Inventories InventoryNet $824.50M USD Point-in-time
Inventories InventoryNet $822.20M USD Point-in-time
Prepaid expenses and other PrepaidExpenseAndOtherAssetsCurrent $618.30M USD Point-in-time
Prepaid expenses and other PrepaidExpenseAndOtherAssetsCurrent $589.90M USD Point-in-time
Total current assets AssetsCurrent $2.96B USD Point-in-time
Total current assets AssetsCurrent $2.59B USD Point-in-time
Property, plant and equipment, at cost PropertyPlantAndEquipmentGross $2.07B USD Point-in-time
Property, plant and equipment, at cost PropertyPlantAndEquipmentGross $2.29B USD Point-in-time
Less accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $1.01B USD Point-in-time
Less accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $1.06B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $1.23B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $1.06B USD Point-in-time
Goodwill Goodwill $249.30M USD Point-in-time
Goodwill Goodwill $235.60M USD Point-in-time
Other assets OtherAssetsNoncurrent $1.05B USD Point-in-time
Other assets OtherAssetsNoncurrent $986.20M USD Point-in-time
Total assets Assets $4.87B USD Point-in-time
Total assets Assets $5.50B USD Point-in-time
Debt maturing within one year DebtCurrent $378.80M USD Point-in-time
Debt maturing within one year DebtCurrent $137.10M USD Point-in-time
Accounts payable AccountsPayableCurrent $820.00M USD Point-in-time
Accounts payable AccountsPayableCurrent $895.40M USD Point-in-time
Accrued compensation EmployeeRelatedLiabilitiesCurrent $210.50M USD Point-in-time
Accrued compensation EmployeeRelatedLiabilitiesCurrent $167.20M USD Point-in-time
Other accrued liabilities OtherAccruedLiabilitiesCurrent $461.40M USD Point-in-time
Other accrued liabilities OtherAccruedLiabilitiesCurrent $598.80M USD Point-in-time
Sales and taxes other than income SalesAndTaxesOtherThanIncome $152.00M USD Point-in-time
Sales and taxes other than income SalesAndTaxesOtherThanIncome $168.60M USD Point-in-time
Income taxes AccruedIncomeTaxesCurrent $27.40M USD Point-in-time
Income taxes AccruedIncomeTaxesCurrent $36.80M USD Point-in-time
Total current liabilities LiabilitiesCurrent $2.05B USD Point-in-time
Total current liabilities LiabilitiesCurrent $2.01B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $2.46B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $2.21B USD Point-in-time
Employee benefit plans PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent $501.80M USD Point-in-time
Employee benefit plans PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent $478.40M USD Point-in-time
Long-term income taxes AccruedIncomeTaxesNoncurrent $77.80M USD Point-in-time
Long-term income taxes AccruedIncomeTaxesNoncurrent $78.70M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $87.50M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $100.80M USD Point-in-time
Total liabilities Liabilities $4.86B USD Point-in-time
Total liabilities Liabilities $5.19B USD Point-in-time
Common stock CommonStockValue $187.80M USD Point-in-time
Common stock CommonStockValue $187.60M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $2.21B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $2.21B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $3.53B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $3.70B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-871.10M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-870.40M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-1.22B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-1.33B USD Point-in-time
Treasury stock, at cost TreasuryStockValue $4.59B USD Point-in-time
Treasury stock, at cost TreasuryStockValue $4.59B USD Point-in-time
Total shareholders' (deficit) equity StockholdersEquity $289.80M USD Point-in-time
Total shareholders' (deficit) equity StockholdersEquity $-3.20M USD Point-in-time
Noncontrolling interest MinorityInterest $15.90M USD Point-in-time
Noncontrolling interest MinorityInterest $15.50M USD Point-in-time
Total shareholders equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $305.30M USD Point-in-time
Total shareholders equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $12.70M USD Point-in-time
Total liabilities and shareholders' equity LiabilitiesAndStockholdersEquity $4.87B USD Point-in-time
Total liabilities and shareholders' equity LiabilitiesAndStockholdersEquity $5.50B USD Point-in-time
Income Statement 36 line items
Line Item Tag Value Unit Period
Net sales SalesRevenueGoodsNet $2.14B USD 1 Quarter
Net sales SalesRevenueGoodsNet $1.76B USD 1 Quarter
Other revenue OtherSalesRevenueNet $41.90M USD 1 Quarter
Other revenue OtherSalesRevenueNet $31.70M USD 1 Quarter
Total revenue Revenues $1.79B USD 1 Quarter
Total revenue Revenues $2.18B USD 1 Quarter
Cost of sales CostOfRevenue $707.30M USD 1 Quarter
Cost of sales CostOfRevenue $955.40M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $1.12B USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $1.28B USD 1 Quarter
Operating loss OperatingIncomeLoss $-50.90M USD 1 Quarter
Operating loss OperatingIncomeLoss $-37.60M USD 1 Quarter
Interest expense InterestExpense $27.50M USD 1 Quarter
Interest expense InterestExpense $28.60M USD 1 Quarter
Interest income InvestmentIncomeInterest $3.00M USD 1 Quarter
Interest income InvestmentIncomeInterest $3.80M USD 1 Quarter
Other expense, net OtherNonoperatingIncomeExpense $-19.40M USD 1 Quarter
Other expense, net OtherNonoperatingIncomeExpense $-66.40M USD 1 Quarter
Total other expenses NonoperatingIncomeExpense $-45.00M USD 1 Quarter
Total other expenses NonoperatingIncomeExpense $-90.10M USD 1 Quarter
Loss before taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $-141.00M USD 1 Quarter
Loss before taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $-82.60M USD 1 Quarter
Income taxes IncomeTaxExpenseBenefit $26.20M USD 1 Quarter
Income taxes IncomeTaxExpenseBenefit $63.80M USD 1 Quarter
Net loss ProfitLoss $-146.40M USD 1 Quarter
Net loss ProfitLoss $-167.20M USD 1 Quarter
Net income attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $900.00K USD 1 Quarter
Net income attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $1.10M USD 1 Quarter
Net loss attributable to Avon NetIncomeLoss $-147.30M USD 1 Quarter
Net loss attributable to Avon NetIncomeLoss $-168.30M USD 1 Quarter
Basic EarningsPerShareBasic $-0.38 USD 1 Quarter
Basic EarningsPerShareBasic $-0.33 USD 1 Quarter
Diluted EarningsPerShareDiluted $-0.38 USD 1 Quarter
Diluted EarningsPerShareDiluted $-0.33 USD 1 Quarter
Cash dividends per common share CommonStockDividendsPerShareCashPaid $0.06 USD 1 Quarter
Cash dividends per common share CommonStockDividendsPerShareCashPaid $0.06 USD 1 Quarter
Cash Flow Statement 70 line items
Line Item Tag Value Unit Period
Net loss ProfitLoss $-167.20M USD 1 Quarter
Net loss ProfitLoss $-146.40M USD 1 Quarter
Depreciation Depreciation $31.80M USD 1 Quarter
Depreciation Depreciation $35.40M USD 1 Quarter
Amortization AdjustmentForAmortization $9.50M USD 1 Quarter
Amortization AdjustmentForAmortization $11.60M USD 1 Quarter
Provision for doubtful accounts ProvisionForDoubtfulAccounts $38.70M USD 1 Quarter
Provision for doubtful accounts ProvisionForDoubtfulAccounts $50.80M USD 1 Quarter
Provision for obsolescence InventoryWriteDown $15.70M USD 1 Quarter
Provision for obsolescence InventoryWriteDown $26.40M USD 1 Quarter
Share-based compensation ShareBasedCompensation $-100.00K USD 1 Quarter
Share-based compensation ShareBasedCompensation $11.50M USD 1 Quarter
Foreign exchange losses ForeignCurrencyTransactionGainLossUnrealized $-6.40M USD 1 Quarter
Foreign exchange losses ForeignCurrencyTransactionGainLossUnrealized $-8.30M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $28.40M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-10.40M USD 1 Quarter
Charge for Venezuelan monetary assets and liabilities ChargesForVenezuelanMonetaryAssetsAndLiabilities $53.70M USD 1 Quarter
Charge for Venezuelan monetary assets and liabilities ChargesForVenezuelanMonetaryAssetsAndLiabilities $-4.20M USD 1 Quarter
Charge for Venezuelan non-monetary assets ChargeforVenezuelannonmonetaryassets $115.70M USD 1 Quarter
Charge for Venezuelan non-monetary assets ChargeforVenezuelannonmonetaryassets $101.70M USD 1 Quarter
Other OtherNoncashIncomeExpense $-7.80M USD 1 Quarter
Other OtherNoncashIncomeExpense $-9.00M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $27.60M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $41.70M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $97.80M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $73.10M USD 1 Quarter
Prepaid expenses and other IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $23.20M USD 1 Quarter
Prepaid expenses and other IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $6.70M USD 1 Quarter
Accounts payable and accrued liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-149.10M USD 1 Quarter
Accounts payable and accrued liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-29.10M USD 1 Quarter
Income and other taxes IncreaseDecreaseInAccruedTaxesPayable $-14.10M USD 1 Quarter
Income and other taxes IncreaseDecreaseInAccruedTaxesPayable $-21.50M USD 1 Quarter
Noncurrent assets and liabilities IncreaseDecreaseInOtherOperatingCapitalNet $18.00M USD 1 Quarter
Noncurrent assets and liabilities IncreaseDecreaseInOtherOperatingCapitalNet $42.90M USD 1 Quarter
Net cash used by operating activities NetCashProvidedByUsedInOperatingActivities $-112.60M USD 1 Quarter
Net cash used by operating activities NetCashProvidedByUsedInOperatingActivities $-198.10M USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $22.40M USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $29.60M USD 1 Quarter
Disposal of assets ProceedsFromSaleOfProductiveAssets $2.60M USD 1 Quarter
Disposal of assets ProceedsFromSaleOfProductiveAssets $2.40M USD 1 Quarter
Purchases of investments PaymentsToAcquireInvestments $4.60M USD 1 Quarter
Purchases of investments PaymentsToAcquireInvestments $5.80M USD 1 Quarter
Proceeds from sale of investments ProceedsFromSaleMaturityAndCollectionsOfInvestments $6.20M USD 1 Quarter
Proceeds from sale of investments ProceedsFromSaleMaturityAndCollectionsOfInvestments $600.00K USD 1 Quarter
Net cash used by investing activities NetCashProvidedByUsedInInvestingActivities $-26.60M USD 1 Quarter
Net cash used by investing activities NetCashProvidedByUsedInInvestingActivities $-24.00M USD 1 Quarter
Cash dividends PaymentsOfDividends $26.20M USD 1 Quarter
Cash dividends PaymentsOfDividends $28.70M USD 1 Quarter
Debt, net (maturities of three months or less) ProceedsFromRepaymentsOfShortTermDebt $1.80M USD 1 Quarter
Debt, net (maturities of three months or less) ProceedsFromRepaymentsOfShortTermDebt $-6.30M USD 1 Quarter
Repayment of debt RepaymentsOfOtherDebt $2.90M USD 1 Quarter
Repayment of debt RepaymentsOfOtherDebt $10.60M USD 1 Quarter
Net proceeds from exercise of stock options Netproceedsfromexerciseofstockoptions $200.00K USD 1 Quarter
Net proceeds from exercise of stock options Netproceedsfromexerciseofstockoptions - USD 1 Quarter
Repurchase of common stock PaymentsForRepurchaseOfCommonStock $6.50M USD 1 Quarter
Repurchase of common stock PaymentsForRepurchaseOfCommonStock $1.90M USD 1 Quarter
Net cash used by financing activities NetCashProvidedByUsedInFinancingActivities $-37.30M USD 1 Quarter
Net cash used by financing activities NetCashProvidedByUsedInFinancingActivities $-43.80M USD 1 Quarter
Effect of exchange rate changes on cash and equivalents EffectOfExchangeRateOnCashAndCashEquivalents $-129.80M USD 1 Quarter
Effect of exchange rate changes on cash and equivalents EffectOfExchangeRateOnCashAndCashEquivalents $-32.20M USD 1 Quarter
Net decrease in cash and equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-291.60M USD 1 Quarter
Net decrease in cash and equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-312.80M USD 1 Quarter
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValue $668.90M USD Point-in-time
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValue $960.50M USD Point-in-time
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValue $795.10M USD Point-in-time
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValue $1.11B USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $668.90M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $960.50M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $795.10M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $1.11B USD Point-in-time
Comprehensive Income 20 line items
Line Item Tag Value Unit Period
Change in derivative losses on cash flow hedges, taxes OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax $200.00K USD 1 Quarter
Change in derivative losses on cash flow hedges, taxes OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax - USD 1 Quarter
Adjustment of and amortization of net actuarial loss and prior service cost, taxes OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentandAmortizationTax $4.10M USD 1 Quarter
Adjustment of and amortization of net actuarial loss and prior service cost, taxes OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentandAmortizationTax $300.00K USD 1 Quarter
Net loss ProfitLoss $-167.20M USD 1 Quarter
Net loss ProfitLoss $-146.40M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-126.60M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-8.90M USD 1 Quarter
Change in derivative losses on cash flow hedges, net of taxes OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $400.00K USD 1 Quarter
Change in derivative losses on cash flow hedges, net of taxes OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $300.00K USD 1 Quarter
Adjustments of and amortization of net actuarial loss and prior service cost, net of taxes OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-9.70M USD 1 Quarter
Adjustments of and amortization of net actuarial loss and prior service cost, net of taxes OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-8.00M USD 1 Quarter
Total other comprehensive loss, net of taxes OtherComprehensiveIncomeLossNetOfTax $-600.00K USD 1 Quarter
Total other comprehensive loss, net of taxes OtherComprehensiveIncomeLossNetOfTax $-116.50M USD 1 Quarter
Comprehensive loss ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-167.80M USD 1 Quarter
Comprehensive loss ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-262.90M USD 1 Quarter
Less: comprehensive income (loss) attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-1.50M USD 1 Quarter
Less: comprehensive income (loss) attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $400.00K USD 1 Quarter
Comprehensive loss attributable to Avon ComprehensiveIncomeNetOfTax $-166.30M USD 1 Quarter
Comprehensive loss attributable to Avon ComprehensiveIncomeNetOfTax $-263.30M USD 1 Quarter

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

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