← MOVADO 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income/(loss) | $35.1m | ($15.2m) | $61.6m | $42.4m | ($111.2m) | $92.6m | $97.0m | $47.5m | $19.2m | $26.9m | — | |
| Depreciation and amortization | $11.5m | $13.5m | $14.2m | $16.4m | $14.1m | $12.5m | $10.8m | $9.6m | $9.3m | $9.4m | $9.4m | |
| Deferred income taxes | ($3.8m) | $461k | ($11.4m) | $4.4m | ($18.3m) | ($208k) | ($712k) | $319k | $827k | ($2.8m) | ($369k) | |
| Stock-based compensation | $7.3m | $4.9m | $6.0m | $6.4m | $5.1m | $5.0m | $5.7m | $7.4m | $4.1m | $5.2m | $5.0m | |
| Provision for inventories and accounts receivable | $2.8m | $3.8m | $4.9m | $3.2m | $3.8m | $4.8m | $4.1m | $5.4m | $4.6m | $5.7m | — | |
| Trade receivables | $2.9m | ($9.3m) | ($2.6m) | $5.9m | $2.4m | ($18.6m) | ($3.4m) | ($9.1m) | ($11.6m) | ($276k) | — | |
| Inventories | $7.4m | $6.6m | ($4.2m) | ($5.5m) | $21.6m | ($15.4m) | ($28.9m) | $37.7m | ($11.7m) | $9.8m | $11.4m | |
| Accounts payable | ($401k) | ($4.0m) | $6.1m | ($3.6m) | ($7.8m) | $18.3m | ($13.7m) | $1.5m | $1.8m | ($15.5m) | ($3.1m) | |
| Accrued liabilities | $244k | ($416k) | $2.6m | ($4.9m) | $4.5m | $1.4m | ($1.1m) | ($6.0m) | $3.1m | $3.4m | ($3.4m) | |
| Accrued payroll and benefits | ($4.2m) | $1.7m | $3.9m | ($12.5m) | $11.3m | $7.3m | ($7.7m) | ($9.9m) | $475k | $9.5m | — | |
| Other | $78k | $0 | $70k | $603k | $450k | $561k | $453k | $1.0m | $413k | $1.0m | — | |
| Other current assets | $512k | ($3.8m) | $5.4m | $709k | $2.3m | $2.1m | ($6.4m) | $6.0m | ($4.6m) | $1.5m | $3.1m | |
| Net cash provided by/(used in) operating activities | $58.2m |
$54.7m
-5.90%
|
$86.2m
+57.46%
|
$32.1m
-62.78%
|
$68.4m
+113.31%
|
$130.8m
+91.22%
|
$54.3m
-58.46%
|
$76.8m
+41.29%
|
($1.5m)
-101.96%
|
$57.9m
+3951.13%
|
$72.1m
+24.46%
|
|
| Capital expenditures | ($5.9m) | ($5.8m) | ($10.6m) | ($12.7m) | ($3.0m) | ($5.7m) | ($7.1m) | ($8.2m) | ($8.0m) | ($4.5m) | ($4.3m) | |
| Long-term investments | — | — | — | — | $0 | ($2.0m) | ($3.3m) | ($3.1m) | ($5.7m) | ($3.4m) | — | |
| Net cash used in investing activities | ($7.6m) | ($84.3m) | ($109.0m) | ($13.4m) | ($1.9m) | ($7.9m) | ($10.6m) | ($11.5m) | ($13.7m) | ($8.1m) | ($6.9m) | |
| Repayments of bank borrowings | ($13.0m) | ($5.0m) | ($25.0m) | $0 | ($64.5m) | ($21.1m) | $0 | $0 | — | — | — | |
| Debt issuance cost | — | $0 | ($689k) | $0 | ($300k) | ($294k) | ($85k) | $0 | $0 | — | — | |
| Dividends paid | ($11.9m) | ($11.9m) | ($18.5m) | ($18.4m) | $0 | ($22.0m) | ($31.4m) | ($53.1m) | ($31.1m) | ($31.1m) | ($38.8m) | |
| Net cash used in financing activities | ($27.4m) |
($20.9m)
+23.80%
|
$3.7m
+117.66%
|
($23.9m)
-747.10%
|
($34.4m)
-44.07%
|
($66.6m)
-93.74%
|
($65.3m)
+1.95%
|
($57.6m)
+11.82%
|
($35.4m)
+38.53%
|
($36.3m)
-2.48%
|
($45.3m)
-24.99%
|
|
| Net increase/(decrease) in cash, cash equivalents and restricted cash | $28.1m | ($41.5m) | ($25.0m) | ($4.0m) | $38.0m | $53.3m | ($25.5m) | $10.6m | ($53.6m) | $22.2m | — | |
| Cash, cash equivalents and restricted cash at beginning of year | $256.9m | $215.4m | $190.5m | $186.4m | $224.4m | $277.7m | $252.2m | $262.8m | $209.2m | $231.4m | — | |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | $4.9m | $9.0m | ($5.8m) | $1.1m | $5.8m | ($3.0m) | ($4.0m) | $2.9m | ($3.0m) | $8.6m | $2.4m | |
| Restricted cash included in other non-current assets | $600k | $600k | $548k | $566k | $612k | $588k | $595k | $755k | $713k | $841k | — | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Non-cash corporate initiatives | — | — | $0 | $0 | $3.7m | ($926k) | $0 | $0 | — | — | — | |
| Transactional losses/(gains) | $2.0m | ($1.0m) | $275k | $1.5m | ($836k) | ($808k) | ($18k) | $722k | ($388k) | $743k | — | |
| Income taxes receivable | — | — | $5.5m | ($7.4m) | ($21.0m) | $17.1m | $6.8m | ($3.7m) | $9.5m | $4.8m | — | |
| Income taxes payable | ($2.5m) | ($1.9m) | $5.3m | ($5.4m) | $2.1m | $1.4m | ($4.1m) | ($13.0m) | ($22.0m) | ($4.6m) | — | |
| Other non-current assets | ($7.6m) | ($6.6m) | $721k | ($2.4m) | $1.3m | $3.3m | ($4.6m) | $1.9m | ($4.3m) | $2.2m | — | |
| Other non-current liabilities | $5.5m | $7.6m | $1.2m | $507k | $573k | $681k | $180k | ($609k) | ($411k) | $925k | — | |
| Trademarks and other intangibles | ($328k) | ($556k) | ($492k) | ($255k) | ($164k) | ($291k) | ($202k) | ($144k) | ($109k) | ($138k) | — | |
| Stock repurchases | ($3.9m) | ($3.6m) | ($7.4m) | ($4.2m) | $0 | ($22.6m) | ($31.4m) | ($3.1m) | ($2.6m) | ($3.9m) | — | |
| Purchase of incremental ownership of joint venture | ($1.3m) | ($162k) | $0 | $0 | $0 | $0 | ($1.9m) | $0 | $0 | — | — | |
| Distribution of noncontrolling interest earnings | — | — | — | — | $0 | ($1.2m) | ($1.1m) | ($1.4m) | ($604k) | ($1.4m) | — | |
| Contributions from noncontrolling interest | — | — | — | — | $0 | $298k | $0 | $0 | — | — | — | |
| Stock awards and options exercised and other changes | — | ($159k) | $5.0m | ($1.3m) | ($497k) | $324k | $489k | $97k | ($1.1m) | $32k | — | |
| Cash and cash equivalents | $256.3m | $214.8m | $189.9m | $185.9m | $223.8m | $277.1m | $251.6m | $262.1m | $208.5m | $230.5m | $203.9m |