← Fossil Group, Inc.
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Available to Common Stockholders, Basic | ($478.2m) |
($3.5m)
+99.27%
|
($52.4m)
-1405.61%
|
($96.1m)
-83.51%
|
($95.9m)
+0.16%
|
($44.2m)
+53.97%
|
($157.1m)
-255.75%
|
($102.7m)
+34.64%
|
($78.3m)
+23.74%
|
($77.8m)
+0.59%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ($473.6m) | ($938k) | ($50.0m) | ($95.9m) | — | ($43.5m) | ($156.7m) | ($106.3m) | ($77.8m) | — | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $4.6m | $2.5m | $2.4m | $155k | — | $631k | $429k | ($3.6m) | — | — | — | |
| Depreciation and amortization | $81.6m | $67.1m | $53.4m | $42.2m | — | $22.6m | $24.4m | $15.7m | $13.1m | — | $11.4m | |
| Amortization of Debt Issuance Costs | $3.7m | $3.7m | ($13.5m) | — | ($10.0m) | ($10.5m) | $0 | $0 | — | ($35.7m) | — | |
| Amortization of Debt Issuance Costs and Discounts | ($6.4m) | ($7.2m) | $4.6m | $10.6m | ($10.0m) | $3.3m | $0 | $0 | — | ($35.7m) | — | |
| Amortization of Intangible Assets | $13.5m | $11.9m | $7.1m | $7.1m | — | $2.5m | $900k | $900k | — | — | — | |
| Depreciation Amortization Depletion | — | — | — | — | — | $23.3m | $19.1m | $16.0m | $13.1m | — | $11.4m | |
| Depreciation, Amortization and Accretion, Net | $81.0m | $67.6m | $54.8m | $43.1m | $43.1m | $23.3m | $19.1m | $16.0m | $13.1m | $13.1m | $11.4m | |
| Deferred Income Tax Expense (Benefit) | ($49.4m) | $1.7m | ($9.4m) | $4.3m | — | $5.7m | ($3.9m) | ($2.5m) | — | — | — | |
| Share-based Payment Arrangement, Noncash Expense | $30.4m | $23.0m | $15.8m | $11.1m | — | $8.1m | $5.7m | $2.9m | — | — | $2.4m | |
| Stock-based compensation | $30.4m | $23.0m | $15.8m | — | $11.1m | $9.5m | $5.7m | $2.9m | $2.3m | $2.3m | $2.4m | |
| Goodwill and Intangible Asset Impairment | $407.1m | $6.2m | $16.6m | $2.5m | — | $0 | — | — | — | — | — | |
| Goodwill, Impairment Loss | $359.5m | — | — | — | — | — | — | — | — | — | $2.0m | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | — | $2.5m | — | $0 | — | — | — | — | — | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | — | — | — | — | — | — | — | — | — | — | — | |
| Operating Lease, Impairment Loss | — | — | $7.9m | — | — | — | — | — | — | — | — | |
| Asset Impairment Charge | — | — | — | — | — | $8.9m | $5.7m | $8.9m | $2.0m | — | $2.0m | |
| Income (Loss) from Equity Method Investments | ($460k) | ($558k) | ($371k) | ($345k) | — | ($132k) | ($11k) | — | — | — | — | |
| Other Nonoperating Income (Expense) | $13.7m | ($38k) | $27.0m | ($4.8m) | — | ($1.4m) | $8.7m | $4.9m | — | — | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | ($196.4m) | $775k | $52.8m | ($50.6m) | — | ($27.5m) | |
| Increase (Decrease) in Accounts Receivable | ($14.4m) | ($68.3m) | ($30.9m) | ($60.7m) | — | ($41.6m) | ($19.9m) | ($11.7m) | — | — | $9.5m | |
| Accounts receivable | $14.4m | $68.3m | $30.9m | — | $60.7m | ($35.5m) | $19.9m | $11.7m | — | $22.3m | $9.5m | |
| Change In Receivables | — | — | — | — | — | $41.6m | $19.9m | $11.7m | $22.3m | — | $9.5m | |
| Changes In Account Receivables | — | — | — | — | — | $41.6m | $19.9m | $11.7m | $22.3m | — | $9.5m | |
| Increase (Decrease) in Inventories | ($6.8m) | ($153.4m) | $78.1m | ($168.6m) | — | $46.0m | ($125.8m) | ($58.6m) | — | — | $29.5m | |
| Inventories | $6.8m | $153.4m | ($78.1m) | — | $168.6m | ($62.3m) | $125.8m | $58.6m | — | $34.7m | $29.5m | |
| Change In Inventory | — | — | — | — | — | ($46.0m) | $125.8m | $58.6m | $34.7m | — | $29.5m | |
| Increase (Decrease) in Accounts Payable | $34.9m | ($38.4m) | $4.9m | $3.5m | $3.5m | ($35.4m) | ($42.9m) | $14.4m | — | ($36.3m) | $4.0m | |
| Change In Payables And Accrued Expense | — | — | — | — | — | ($95.0m) | ($77.2m) | ($12.3m) | ($40.1m) | — | $4.0m | |
| Accrued expenses | $52.8m | ($13.5m) | ($150.5m) | — | $3.0m | ($12.9m) | ($24.5m) | ($4.6m) | — | ($8.0m) | ($10.4m) | |
| Change In Accrued Expense | — | — | — | — | — | ($55.1m) | ($24.5m) | ($4.6m) | ($8.0m) | — | ($10.4m) | |
| Prepaid expenses and other current assets | $13.5m | ($15.4m) | $11.0m | — | ($27.7m) | $20.9m | $18.8m | $66.4m | — | ($927k) | — | |
| Decrease (increase) in intangible and other assets | ($1.5m) | $1.6m | ($3.3m) | — | ($2.0m) | $6.0m | ($1.4m) | $1.4m | — | $1.6m | — | |
| Change In Other Current Liabilities | — | — | — | — | — | ($93.1m) | ($86.5m) | ($71.6m) | ($66.6m) | — | ($63.2m) | |
| Net Cash Provided by (Used in) Operating Activities | $179.5m |
$248.1m
+38.21%
|
($14.2m)
-105.73%
|
$101.2m
+812.49%
|
$101.2m
0.00%
|
($110.9m)
-209.50%
|
($59.5m)
+46.36%
|
$46.7m
+178.51%
|
($57.9m)
-224.03%
|
($57.9m)
0.00%
|
($19.3m)
+66.66%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $25.5m | $18.0m | $20.9m | $8.7m | ($8.7m) | $13.3m | $8.5m | $6.8m | ($2.6m) | ($2.6m) | ($3.2m) | |
| Gain (Loss) on Disposition of Property Plant Equipment | ($2.5m) | ($656k) | $4.6m | $13.6m | $78k | $460k | $6.4m | $4.3m | — | $23.0m | ($9.2m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | — | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Investing Activities | ($24.9m) | ($15.6m) | $18.7m | ($10.6m) | ($10.6m) | ($8.6m) | ($9.9m) | $4.0m | — | $22.1m | $20.7m | |
| Cash flows from financing activities: | ||||||||||||
| Gain (Loss) on Extinguishment of Debt | ($1.0m) | ($718k) | ($3.0m) | $0 | $0 | ($1.1m) | $0 | $0 | — | $3.2m | — | |
| Bad debt expense | $7.1m | $8.9m | $2.9m | — | $9.5m | $3.1m | $3.5m | $6.3m | — | $444k | — | |
| Loss on extinguishment of debt | $1.0m | $718k | $3.0m | — | $0 | $13.0m | $0 | $0 | — | $3.2m | — | |
| Debt borrowings | $2.1b | $811.0m | $685.3m | — | $317.2m | $254.7m | $172.8m | $115.7m | — | $154.2m | — | |
| Debt payments | ($2.3b) | ($857.5m) | ($870.6m) | — | ($295.8m) | ($354.4m) | ($183.6m) | ($159.5m) | — | ($119.9m) | — | |
| Debt issuance costs | ($6.4m) | ($7.2m) | ($13.5m) | — | ($10.0m) | ($10.5m) | $0 | $0 | — | ($35.7m) | — | |
| Issuance Of Debt | — | — | — | — | — | $386.1m | $172.8m | $115.7m | $154.2m | — | $143.1m | |
| Long Term Debt Issuance | — | — | — | — | — | $386.1m | $172.8m | $115.7m | $154.2m | — | $143.1m | |
| Long Term Debt Payments | — | — | — | — | — | ($314.2m) | ($183.6m) | ($159.5m) | ($119.9m) | — | ($107.5m) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | $71.9m | ($10.8m) | ($43.8m) | $34.3m | — | $35.6m | |
| Net Long Term Debt Issuance | — | — | — | — | — | $71.9m | ($10.8m) | ($43.8m) | $34.3m | — | $35.6m | |
| Repayment Of Debt | — | — | — | — | — | ($314.2m) | ($183.6m) | ($159.5m) | ($119.9m) | — | ($107.5m) | |
| Payments for Repurchase of Common Stock | $1.2m | $2.9m | $4.2m | $727k | — | $12.4m | $530k | $114k | — | — | — | |
| Acquisition of common stock | ($1.2m) | ($2.9m) | ($4.2m) | — | ($727k) | ($2.4m) | ($530k) | ($114k) | — | ($164k) | — | |
| Common Stock Payments | — | — | — | — | — | ($12.4m) | ($2.8m) | ($536k) | ($164k) | — | ($161k) | |
| Net Common Stock Issuance | — | — | — | — | — | ($12.4m) | ($2.8m) | ($536k) | ($164k) | — | ($161k) | |
| Repurchase Of Capital Stock | — | — | — | — | — | ($12.4m) | ($2.8m) | ($536k) | ($164k) | — | ($161k) | |
| Proceeds from (Payments for) Other Financing Activities | ($6.4m) | ($7.2m) | ($13.5m) | ($10.0m) | — | ($744k) | $0 | $0 | — | — | — | |
| Net Other Financing Charges | — | — | — | — | ($10.5m) | ($6.4m) | — | ($5.9m) | ($40.3m) | — | ($43.8m) | |
| Net cash (used in) provided by financing activities | ($201.7m) |
($62.7m)
+68.94%
|
($208.5m)
-232.74%
|
— | $10.8m |
($112.6m)
-1146.98%
|
($13.6m)
+87.90%
|
($50.2m)
-268.48%
|
— | ($5.0m) | — | |
| Net Cash Provided by (Used in) Financing Activities | ($201.7m) |
($62.7m)
+68.94%
|
($208.5m)
-232.74%
|
$10.8m
+105.16%
|
$10.8m
0.00%
|
$53.0m
+392.84%
|
($13.6m)
-125.71%
|
($50.2m)
-268.48%
|
— | ($5.0m) |
($7.2m)
-44.60%
|
|
| Net (decrease) increase in cash and cash equivalents, and restricted cash | ($66.2m) | $179.2m | ($203.1m) | — | $116.5m | ($59.7m) | ($82.5m) | $5.0m | — | ($27.2m) | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($66.2m) | $179.2m | ($203.1m) | $116.5m | $15.1m | ($60.5m) | ($82.5m) | $5.0m | — | $13.7m | $75.4m | |
| Beginning Cash Position | — | — | — | — | — | $264.6m | $204.1m | $121.6m | $126.6m | — | $81.3m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $231.7m | $410.9m | $207.7m | $324.2m | $15.1m | $204.1m | $121.6m | $126.6m | — | $13.7m | $75.4m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($19.2m) | $9.4m | $882k | $15.1m | $15.1m | $5.9m | $463k | $4.5m | — | $13.7m | $8.7m | |
| Effect of exchange rate changes on cash and cash equivalents, and restricted cash | ($19.2m) | $9.4m | $882k | — | $15.1m | ($4.2m) | $463k | $4.5m | — | $13.7m | $8.7m | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | $5.9m | $463k | $4.5m | $13.7m | — | $8.7m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $43.2m | $38.9m | $25.3m | $21.2m | $16.1m | $17.5m | $27.3m | $23.8m | — | — | — | |
| Income Taxes Paid, Net | $36.6m | $28.5m | $18.0m | $10.0m | — | $5.8m | $20.2m | ($56.1m) | — | — | — | |
| Additional Financial Items | ||||||||||||
| Asset Retirement Obligation, Accretion Expense | $363k | $366k | $366k | $325k | — | $308k | $296k | $304k | — | — | — | |
| Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain (Loss), Net | $0 | $3.4m | $601k | ($628k) | — | ($2.4m) | $348k | $154k | — | — | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | $7.8m | ($5.8m) | $3.9m | ($6.5m) | — | ($218k) | $3.0m | ($1.3m) | — | — | — | |
| Gain (Loss) on Disposition of Assets | — | — | $23.1m | $0 | — | — | — | — | — | — | — | |
| Gain (Loss) on Disposition of Business | $1.8m | $0 | — | $0 | — | — | — | — | — | — | — | |
| Gain (Loss) on Sale of Derivatives | $195k | $0 | $0 | — | — | — | — | — | — | — | — | |
| Gain (Loss) Related to Litigation Settlement | — | — | — | — | — | — | — | — | — | — | — | |
| Goodwill | $0 | — | — | — | — | — | — | — | — | — | $2.0m | |
| Income Tax Expense (Benefit) | $19.8m | $21.1m | $18.7m | ($76.0m) | — | $21.4m | $522k | ($11.8m) | — | — | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | $19.0m | — | — | — | |
| Noncash Merger Related Costs | — | — | — | — | — | — | — | — | — | — | — | |
| Operating Expenses | $1.8b | $1.3b | $1.1b | $905.7m | — | $832.2m | $822.6m | $701.1m | — | — | — | |
| Proceeds from Stock Options Exercised | — | — | — | — | — | — | — | — | — | — | — | |
| Non-cash lease expense | $0 | $0 | $120.0m | — | $109.3m | $90.2m | $74.8m | $65.1m | — | $56.7m | — | |
| Decrease in allowance for returns and markdowns | ($336k) | ($14.0m) | $15.8m | — | ($29.9m) | ($6.4m) | ($2.6m) | ($1.9m) | — | ($3.1m) | — | |
| Gain on disposal of assets | $2.5m | $656k | ($4.6m) | — | ($13.6m) | ($5.2m) | ($6.4m) | ($4.3m) | — | ($12.4m) | — | |
| Non-cash restructuring charges | $10.7m | $6.3m | $5.2m | — | $2.5m | $655k | $7.6m | $14.8m | — | $72k | — | |
| Other non cash items | ($336k) | ($14.0m) | ($1.4m) | — | $13.7m | $17.9m | ($7.1m) | ($1.2m) | $65.4m | $8.6m | — | |
| Contingent consideration remeasurement | $0 | ($3.4m) | ($601k) | — | $628k | $347k | ($348k) | ($154k) | — | $0 | — | |
| Income taxes | $32.8m | ($14.2m) | $4.6m | — | ($60.0m) | $3.1m | ($9.9m) | ($22.2m) | — | $4.2m | — | |
| Operating lease liabilities | — | $0 | ($120.5m) | — | ($131.5m) | ($105.8m) | ($86.5m) | ($71.6m) | — | ($66.6m) | — | |
| Distribution of noncontrolling interest earnings | ($4.0m) | ($4.2m) | ($3.9m) | — | $0 | $0 | $0 | ($5.9m) | — | ($4.5m) | — | |
| Proceeds from warrants | — | — | — | — | — | — | $0 | $0 | — | $1.1m | — | |
| Payment for shares of Fossil Accessories South Africa Pty. Ltd. | $0 | ($1.9m) | ($1.2m) | — | $0 | $0 | ($2.3m) | ($422k) | — | $0 | — | |
| Beginning of year | $297.3m | $410.9m | $207.7m | — | $324.2m | $264.6m | $121.6m | $126.6m | — | $99.4m | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | $53.0m | ($13.6m) | ($50.2m) | ($5.0m) | — | ($7.2m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | ($8.6m) | ($9.9m) | $4.0m | $22.1m | — | $20.7m | |
| Change In Account Payable | — | — | — | — | — | ($35.4m) | ($42.9m) | $14.4m | ($36.3m) | — | $4.0m | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | ($60.5m) | ($82.5m) | $5.0m | ($27.2m) | — | — | |
| Change In Income Tax Payable | — | — | — | — | — | ($4.5m) | ($9.9m) | ($22.2m) | $4.2m | — | $4.8m | |
| Change In Other Working Capital | — | — | — | — | $3.1m | ($4.5m) | ($9.9m) | — | — | — | ($67.9m) | |
| Change In Payable | — | — | — | — | — | ($39.9m) | ($52.7m) | ($7.8m) | ($32.1m) | — | $4.0m | |
| Change In Prepaid Assets | — | — | — | — | — | ($4.0m) | $18.8m | $66.4m | ($927k) | — | ($1.7m) | |
| Change In Tax Payable | — | — | — | — | — | ($4.5m) | ($9.9m) | ($22.2m) | $4.2m | — | $4.8m | |
| Changes In Cash | — | — | — | — | — | ($66.4m) | ($83.0m) | $515k | ($40.8m) | — | ($5.8m) | |
| End Cash Position | — | — | — | — | — | $204.1m | $121.6m | $126.6m | $99.4m | — | $75.4m | |
| Financing Cash Flow | — | — | — | — | — | $53.0m |
($13.6m)
-125.71%
|
($50.2m)
-268.48%
|
($5.0m)
+90.02%
|
— | ($7.2m) | |
| Free Cash Flow | — | — | — | — | — | ($124.1m) | ($69.4m) | $39.9m | ($60.5m) | — | ($22.5m) | |
| Investing Cash Flow | — | — | — | — | — | ($8.6m) | ($9.9m) | $4.0m | $22.1m | — | $20.7m | |
| Net Intangibles Purchase And Sale | — | — | — | — | — | $1.7m | ($1.4m) | $1.4m | $1.6m | — | $929k | |
| Net PPE Purchase And Sale | — | — | — | — | — | ($10.3m) | ($8.5m) | $2.6m | $20.5m | — | $19.8m | |
| Operating Gains Losses | — | — | — | — | — | $600k | ($6.4m) | ($4.3m) | ($9.2m) | — | ($9.2m) | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | $0 | $0 | $1.1m | — | $1.1m | |
| Provisionand Write Offof Assets | — | — | — | — | — | ($6.7m) | ($2.6m) | ($1.9m) | ($3.1m) | — | ($4.4m) | |
| Purchase Of PPE | — | — | — | — | — | ($13.3m) | ($8.5m) | ($6.8m) | ($2.6m) | — | ($3.2m) | |
| Sale Of PPE | — | — | — | — | — | $3.0m | $23k | $9.4m | $23.0m | — | $23.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.