10-Q Filing

AVON PRODUCTS INC CIK: 8868 Q2 2009

Filing Information

Form Type	10-Q
Accession Number	`0001193125-09-158844`
Period End Date	20090630
Filing Date	20090730
Fiscal Year	2009
Fiscal Period	Q2
XBRL Instance	avp-20090630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 72 Cash Flow Statement 70

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.10B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$960.30M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$963.40M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.22B	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$687.80M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$689.10M	USD	Point-in-time
Inventories	`InventoryNet`	$1.08B	USD	Point-in-time
Inventories	`InventoryNet`	$1.01B	USD	Point-in-time
Prepaid expenses and other	`OtherAssetsCurrent`	$850.60M	USD	Point-in-time
Prepaid expenses and other	`OtherAssetsCurrent`	$756.50M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.84B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.56B	USD	Point-in-time
Property, plant and equipment, at cost	`PropertyPlantAndEquipmentGross`	$2.55B	USD	Point-in-time
Property, plant and equipment, at cost	`PropertyPlantAndEquipmentGross`	$2.44B	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.15B	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.10B	USD	Point-in-time
Property, Plant and Equipment, Net, Total	`PropertyPlantAndEquipmentNet`	$1.34B	USD	Point-in-time
Property, Plant and Equipment, Net, Total	`PropertyPlantAndEquipmentNet`	$1.40B	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.08B	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.17B	USD	Point-in-time
Total assets	`Assets`	$6.32B	USD	Point-in-time
Total assets	`Assets`	$6.07B	USD	Point-in-time
Debt maturing within one year	`DebtCurrent`	$446.90M	USD	Point-in-time
Debt maturing within one year	`DebtCurrent`	$1.03B	USD	Point-in-time
Accounts payable	`AccountsPayable`	$662.90M	USD	Point-in-time
Accounts payable	`AccountsPayable`	$724.30M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilities`	$220.20M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilities`	$234.40M	USD	Point-in-time
Other accrued liabilities	`OtherLiabilitiesCurrent`	$581.90M	USD	Point-in-time
Other accrued liabilities	`OtherLiabilitiesCurrent`	$616.60M	USD	Point-in-time
Sales and taxes other than income	`SalesAndTaxesOtherThanIncome`	$212.20M	USD	Point-in-time
Sales and taxes other than income	`SalesAndTaxesOtherThanIncome`	$219.60M	USD	Point-in-time
Income taxes	`IncomeTaxesCurrent`	$128.00M	USD	Point-in-time
Income taxes	`IncomeTaxesCurrent`	$69.60M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.24B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.91B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.46B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$2.24B	USD	Point-in-time
Employee benefit plans	`PensionAndOtherPostretirementDefinedBenefitPlansNoncurrentLiabilities`	$659.90M	USD	Point-in-time
Employee benefit plans	`PensionAndOtherPostretirementDefinedBenefitPlansNoncurrentLiabilities`	$665.40M	USD	Point-in-time
Long-term income taxes	`TaxesPayableNoncurrent`	$168.90M	USD	Point-in-time
Long-term income taxes	`TaxesPayableNoncurrent`	$160.00M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$155.60M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$159.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$5.36B	USD	Point-in-time
Total liabilities	`Liabilities`	$5.45B	USD	Point-in-time
Contingencies (Note 5)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Contingencies (Note 5)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock	`CommonStockValue`	$185.90M	USD	Point-in-time
Common stock	`CommonStockValue`	$185.60M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.87B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.90B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$4.12B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$4.14B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-965.90M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-860.10M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$4.54B	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$4.54B	USD	Point-in-time
Total Avon shareholders' equity	`StockholdersEquity`	$824.10M	USD	Point-in-time
Total Avon shareholders' equity	`StockholdersEquity`	$674.90M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$37.40M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$38.40M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$862.50M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$712.30M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$6.32B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$6.07B	USD	Point-in-time

Income Statement 72 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$5.19B	USD	2 Qtrs
Net sales	`SalesRevenueGoodsNet`	$2.71B	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$2.45B	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$4.60B	USD	2 Qtrs
Other revenue	`OtherSalesRevenueNet`	$46.70M	USD	2 Qtrs
Other revenue	`OtherSalesRevenueNet`	$24.60M	USD	1 Quarter
Other revenue	`OtherSalesRevenueNet`	$48.90M	USD	2 Qtrs
Other revenue	`OtherSalesRevenueNet`	$25.10M	USD	1 Quarter
Total revenue	`Revenues`	$2.47B	USD	1 Quarter
Total revenue	`Revenues`	$4.65B	USD	2 Qtrs
Total revenue	`Revenues`	$5.24B	USD	2 Qtrs
Total revenue	`Revenues`	$2.74B	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$1.75B	USD	2 Qtrs
Cost of sales	`CostOfRevenue`	$934.30M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$993.40M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$1.92B	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.37B	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.55B	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.35B	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.65B	USD	2 Qtrs
Operating profit	`OperatingIncomeLoss`	$351.30M	USD	2 Qtrs
Operating profit	`OperatingIncomeLoss`	$182.90M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$670.10M	USD	2 Qtrs
Operating profit	`OperatingIncomeLoss`	$373.90M	USD	1 Quarter
Interest expense	`InterestExpense`	$52.20M	USD	2 Qtrs
Interest expense	`InterestExpense`	$52.70M	USD	2 Qtrs
Interest expense	`InterestExpense`	$27.90M	USD	1 Quarter
Interest expense	`InterestExpense`	$26.10M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$4.70M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$17.80M	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$12.00M	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$8.60M	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-4.00M	USD	2 Qtrs
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-12.70M	USD	2 Qtrs
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$200.00K	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-12.00M	USD	1 Quarter
Total other expenses	`NonoperatingIncomeExpense`	$-23.00M	USD	1 Quarter
Total other expenses	`NonoperatingIncomeExpense`	$-29.50M	USD	1 Quarter
Total other expenses	`NonoperatingIncomeExpense`	$-47.10M	USD	2 Qtrs
Total other expenses	`NonoperatingIncomeExpense`	$-44.70M	USD	2 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$159.90M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$344.40M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$306.60M	USD	2 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$623.00M	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$107.40M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$199.80M	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$75.30M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$104.50M	USD	2 Qtrs
Net income	`ProfitLoss`	$202.10M	USD	2 Qtrs
Net income	`ProfitLoss`	$84.60M	USD	1 Quarter
Net income	`ProfitLoss`	$423.20M	USD	2 Qtrs
Net income	`ProfitLoss`	$237.00M	USD	1 Quarter
Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.70M	USD	1 Quarter
Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.90M	USD	2 Qtrs
Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.40M	USD	1 Quarter
Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$2.90M	USD	2 Qtrs
Net income attributable to Avon	`NetIncomeLoss`	$235.60M	USD	1 Quarter
Net income attributable to Avon	`NetIncomeLoss`	$420.30M	USD	2 Qtrs
Net income attributable to Avon	`NetIncomeLoss`	$82.90M	USD	1 Quarter
Net income attributable to Avon	`NetIncomeLoss`	$200.20M	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.55	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.19	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.47	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.98	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.46	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.19	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.55	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.97	USD	2 Qtrs
Cash dividends per common share	`CommonStockDividendsPerShareCashPaid`	$0.40	USD	2 Qtrs
Cash dividends per common share	`CommonStockDividendsPerShareCashPaid`	$0.42	USD	2 Qtrs
Cash dividends per common share	`CommonStockDividendsPerShareCashPaid`	$0.21	USD	1 Quarter
Cash dividends per common share	`CommonStockDividendsPerShareCashPaid`	$0.20	USD	1 Quarter

Cash Flow Statement 70 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$202.10M	USD	2 Qtrs
Net income	`ProfitLoss`	$84.60M	USD	1 Quarter
Net income	`ProfitLoss`	$423.20M	USD	2 Qtrs
Net income	`ProfitLoss`	$237.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$92.70M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$82.20M	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$92.60M	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$95.30M	USD	2 Qtrs
Provision for obsolescence	`ProvisionForObsolescence`	$28.90M	USD	2 Qtrs
Provision for obsolescence	`ProvisionForObsolescence`	$44.70M	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$31.90M	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$31.10M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-100.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$3.70M	USD	2 Qtrs
Other	`OtherAdjustmentsForNoncashItemsIncludedInIncomeLossFromContinuingOperations`	$27.50M	USD	2 Qtrs
Other	`OtherAdjustmentsForNoncashItemsIncludedInIncomeLossFromContinuingOperations`	$17.30M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$65.30M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-8.10M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$145.20M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$102.40M	USD	2 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidExpensesAndOther`	$117.10M	USD	2 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidExpensesAndOther`	$49.40M	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-231.90M	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-65.30M	USD	2 Qtrs
Income and other taxes	`IncreaseDecreaseInIncomeAndOtherTaxes`	$-8.90M	USD	2 Qtrs
Income and other taxes	`IncreaseDecreaseInIncomeAndOtherTaxes`	$-89.20M	USD	2 Qtrs
Noncurrent assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$33.90M	USD	2 Qtrs
Noncurrent assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$24.80M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$75.40M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$172.40M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$136.00M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$108.10M	USD	2 Qtrs
Disposal of assets	`ProceedsFromSaleOfProductiveAssets`	$5.70M	USD	2 Qtrs
Disposal of assets	`ProceedsFromSaleOfProductiveAssets`	$5.10M	USD	2 Qtrs
Purchases of investments	`PaymentsToAcquireInvestments`	$700.00K	USD	2 Qtrs
Purchases of investments	`PaymentsToAcquireInvestments`	$18.30M	USD	2 Qtrs
Proceeds from sale of investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$18.10M	USD	2 Qtrs
Proceeds from sale of investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$61.70M	USD	2 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	2 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-5.80M	USD	2 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-35.60M	USD	2 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-131.10M	USD	2 Qtrs
Cash dividends	`PaymentsOfDividends`	$177.30M	USD	2 Qtrs
Cash dividends	`PaymentsOfDividends`	$183.60M	USD	2 Qtrs
Debt, net (maturities of three months or less)	`ProceedsFromRepaymentsOfShortTermDebt`	$-281.00M	USD	2 Qtrs
Debt, net (maturities of three months or less)	`ProceedsFromRepaymentsOfShortTermDebt`	$-501.60M	USD	2 Qtrs
Proceeds from debt	`ProceedsFromOtherDebt`	$884.70M	USD	2 Qtrs
Proceeds from debt	`ProceedsFromOtherDebt`	$496.30M	USD	2 Qtrs
Repayment of debt	`RepaymentsOfOtherDebt`	$131.60M	USD	2 Qtrs
Repayment of debt	`RepaymentsOfOtherDebt`	$59.50M	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$700.00K	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$28.60M	USD	2 Qtrs
Excess tax benefit realized from share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$-1.60M	USD	2 Qtrs
Excess tax benefit realized from share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$5.00M	USD	2 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$120.90M	USD	2 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$6.20M	USD	2 Qtrs
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-108.80M	USD	2 Qtrs
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$60.80M	USD	2 Qtrs
Effect of exchange rate changes on cash and equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$15.70M	USD	2 Qtrs
Effect of exchange rate changes on cash and equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$64.40M	USD	2 Qtrs
Net increase (decrease) in cash and equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$116.30M	USD	2 Qtrs
Net increase (decrease) in cash and equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.10M	USD	2 Qtrs
Cash and equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$1.10B	USD	Point-in-time
Cash and equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$960.30M	USD	Point-in-time
Cash and equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$963.40M	USD	Point-in-time
Cash and equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$1.22B	USD	Point-in-time
Cash and equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.10B	USD	Point-in-time
Cash and equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$960.30M	USD	Point-in-time
Cash and equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$963.40M	USD	Point-in-time
Cash and equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.22B	USD	Point-in-time

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