Cash flow Movado Group, Inc.

Equities

MOV

US6245801062

Apparel & Accessories

Market Closed - Nyse Other stock markets 04:00:02 2025-01-24 pm EST			5-day change	1st Jan Change
19.49 ^USD	-0.10%		+1.94%	-0.97%

Jan. 17	Movado Partners with Derrick Adams to Unveil New Artist Series Collection	CI
Jan. 02	BWS Financial Initiates Movado at Buy Rating With $31.50 Price Target	MT

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Published financial data: MOVADO GROUP, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: January	2020	2021	2022	2023	2024
Revenues	701M	506M	732M	752M	673M
Total Revenues	701M	506M	732M	752M	673M
Cost of Goods Sold, Total	326M	235M	313M	318M	302M
Gross Profit	375M	271M	419M	434M	370M
Selling General & Admin Expenses, Total	329M	240M	302M	313M	316M
Depreciation & Amortization - (IS)	117K	117K	117K	46K	-
Amortization of Goodwill and Intangible Assets - (IS)	2.8M	4.3M	-	-	-
Other Operating Expenses, Total	332M	244M	302M	313M	316M
Operating Income	42.67M	26.76M	117M	121M	54.79M
Interest Expense, Total	-930K	-1.96M	-688K	-518K	-497K
Interest And Investment Income	86K	45K	-	-	6.41M
Net Interest Expenses	-844K	-1.91M	-688K	-518K	5.91M
Currency Exchange Gains (Loss)	-	-	-	-	-
Other Non Operating Income (Expenses)	-	-	-	1.65M	-
EBT, Excl. Unusual Items	41.83M	24.85M	116M	122M	60.7M
Restructuring Charges	320K	-12.63M	1.06M	-	-
Merger & Related Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-	-134M	-	-	-
Gain (Loss) On Sale Of Investments	-	-	-	-	-500K
Gain (Loss) On Sale Of Assets	-	1.32M	209K	-	-
Asset Writedown	-	-22.16M	-	-	-
Other Unusual Items	15.36M	-	-	-	-
EBT, Incl. Unusual Items	57.5M	-142M	117M	122M	60.2M
Income Tax Expense	15.12M	-31.19M	24.77M	24.88M	12.66M
Earnings From Continuing Operations	42.38M	-111M	92.56M	97.02M	47.54M
Net Income to Company	42.38M	-111M	92.56M	97.02M	47.54M
Minority Interest	320K	-324K	-960K	-2.5M	-830K
Net Income - (IS)	42.7M	-112M	91.6M	94.53M	46.71M
Net Income to Common Incl Extra Items	42.7M	-112M	91.6M	94.53M	46.71M
Net Income to Common Excl. Extra Items	42.7M	-112M	91.6M	94.53M	46.71M
Per Share Items
Net EPS - Basic	1.85	-4.8	3.95	4.2	2.1
Basic EPS - Continuing Operations	1.85	-4.8	3.95	4.2	2.1
Basic Weighted Average Shares Outstanding	23.12M	23.24M	23.19M	22.5M	22.22M
Net EPS - Diluted	1.83	-4.8	3.87	4.12	2.06
Diluted EPS - Continuing Operations	1.83	-4.8	3.87	4.12	2.06
Diluted Weighted Average Shares Outstanding	23.3M	23.24M	23.68M	22.96M	22.64M
Normalized Basic EPS	1.14	0.65	3.09	3.27	1.67
Normalized Diluted EPS	1.14	0.65	3.02	3.21	1.64
Dividend Per Share	0.8	0.1	0.85	1.4	1.4
Payout Ratio	43.09	-	23.99	33.18	113.78
Supplemental Items
EBITDA	56.65M	38.78M	128M	130M	62.43M
EBITA	48.76M	30.6M	120M	124M	57.27M
EBIT	42.67M	26.76M	117M	121M	54.79M
EBITDAR	85.92M	66.96M	158M	161M	94.12M
Effective Tax Rate - (Ratio)	26.3	21.9	21.11	20.41	21.03
Current Domestic Taxes	1.46M	-22.36M	10.43M	7.51M	403K
Current Foreign Taxes	9.31M	9.46M	14.56M	18.09M	11.94M
Total Current Taxes	10.77M	-12.9M	24.98M	25.59M	12.34M
Deferred Domestic Taxes	2.44M	-17.46M	-145K	250K	967K
Deferred Foreign Taxes	1.91M	-832K	-64K	-962K	-648K
Total Deferred Taxes	4.35M	-18.29M	-209K	-712K	319K
Normalized Net Income	26.46M	15.21M	71.58M	73.7M	37.11M
Interest on Long-Term Debt	930K	1.96M	688K	518K	497K
Non-Cash Pension Expense	163K	-342K	-321K	-416K	-85K
Supplemental Operating Expense Items
Marketing Expenses	135M	85.5M	119M	126M	129M
Selling and Marketing Expenses	135M	85.5M	119M	126M	129M
Net Rental Expense, Total	29.27M	28.18M	30.11M	31.01M	31.69M
Imputed Operating Lease Interest Expense	2.18M	3.47M	1.82M	1.56M	1.39M
Imputed Operating Lease Depreciation	27.08M	24.72M	28.29M	29.46M	30.29M
Stock-Based Comp., SG&A Exp. (Total)	-	400K	-	-	-
Stock-Based Comp., Other (Total)	6.37M	5.03M	4.95M	5.73M	7.44M
Total Stock-Based Compensation	6.37M	5.43M	4.95M	5.73M	7.44M

Fiscal Period: January	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	186M	224M	277M	252M	262M
Short Term Investments	340K	346K	413K	419K	401K
Total Cash And Short Term Investments	186M	224M	278M	252M	262M
Accounts Receivable, Total	78.39M	76.93M	91.56M	94.28M	104M
Other Receivables	-	24.85M	7.94M	10.91M	11.35M
Total Receivables	78.39M	102M	99.5M	105M	116M
Inventory	171M	153M	160M	186M	148M
Prepaid Expenses	7.5M	6.6M	600K	-	-
Other Current Assets, Total	21.05M	16.53M	15.96M	23.79M	17.56M
Total Current Assets	465M	502M	554M	567M	544M
Gross Property Plant And Equipment	223M	207M	201M	213M	208M
Accumulated Depreciation	-104M	-108M	-113M	-114M	-106M
Net Property Plant And Equipment	119M	98.58M	88.12M	99.6M	102M
Long-term Investments	-	-	2M	-	-
Goodwill	136M	-	-	-	-
Other Intangibles, Total	42.36M	17.08M	13.51M	9.64M	7.49M
Deferred Tax Assets Long-Term	25.4M	42.51M	42.6M	44.49M	43.02M
Other Long-Term Assets, Total	59.58M	59.43M	61.06M	66.78M	72.6M
Total Assets	847M	719M	761M	788M	769M
Liabilities
Accounts Payable, Total	35.49M	28.19M	46.01M	32.08M	32.78M
Accrued Expenses, Total	47.76M	66.58M	71.31M	61.99M	44.36M
Current Portion of Long-Term Debt	-	-	-	-	-
Current Portion of Leases	15.2M	15.98M	13.74M	17.68M	15.7M
Current Income Taxes Payable	8.22M	14.45M	18.12M	28.59M	18.32M
Deferred Tax Liability Current	-	-	-	-	-
Other Current Liabilities	2.63M	2.48M	2.28M	2.07M	1.92M
Total Current Liabilities	109M	128M	151M	142M	113M
Long-Term Debt	51.91M	21.23M	-	-	-
Long-Term Leases	82.05M	68.46M	62.73M	70.91M	76.4M
Pension & Other Post Retirement Benefits	45.26M	46.67M	47.26M	44.44M	48.8M
Deferred Tax Liability Non Current	25.42M	21.9M	19.61M	15.16M	8.23M
Other Non Current Liabilities	2.96M	3.39M	3M	4.23M	3.62M
Total Liabilities	317M	289M	284M	277M	250M
Common Stock, Total	344K	346K	351K	353K	354K
Additional Paid In Capital	208M	214M	223M	231M	239M
Retained Earnings	455M	342M	414M	477M	470M
Treasury Stock	-223M	-223M	-249M	-282M	-285M
Comprehensive Income and Other	85.05M	92.54M	85.3M	81.3M	92.34M
Total Common Equity	527M	425M	473M	508M	517M
Minority Interest	3.87M	4.67M	4.28M	2.94M	2.16M
Total Equity	530M	430M	477M	511M	519M
Total Liabilities And Equity	847M	719M	761M	788M	769M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	23.03M	23.22M	22.76M	22.14M	22.13M
ECS Total Common Shares Outstanding	23.02M	23.2M	22.89M	22.14M	22.16M
Book Value / Share	22.87	18.33	20.65	22.93	23.32
Tangible Book Value	348M	408M	459M	498M	509M
Tangible Book Value Per Share	15.11	17.6	20.06	22.49	22.98
Total Debt	149M	106M	76.47M	88.59M	92.09M
Net Debt	-37.06M	-118M	-201M	-163M	-170M
Debt Equivalent of Unfunded Proj. Benefit Obligation	586K	746K	-794K	1.14M	693K
Debt Equivalent Oper. Leases	234M	225M	241M	248M	253M
Minority Interest, Total (Incl. Fin. Div)	3.87M	4.67M	4.28M	2.94M	2.16M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	41.71M	40.74M	29.76M	28.8M	26.39M
Inventories - Work In Process, Total	4.1M	4.6M	2.4M	2.7M	3.74M
Inventories - Finished Goods, Total	126M	107M	128M	155M	118M
Land - (BS)	1.21M	1.31M	1.29M	1.31M	1.4M
Machinery, Total	56.8M	56.81M	57.4M	58.03M	54.17M
Full Time Employees	1.14K	888	940	992	1.09K
Part Time Employees	-	261	306	379	387
Accumulated Allowance for Doubtful Accounts (Supple)	5.64M	7.04M	5.83M	4.98M	3.27M
Order Backlog	45M	46M	60.9M	40.7M	41M

Fiscal Period: January	2020	2021	2022	2023	2024
Net Income	42.7M	-112M	91.6M	94.53M	46.71M
Depreciation & Amortization - CF	7.89M	8.17M	7.29M	6.07M	5.16M
Amortization of Goodwill and Intangible Assets - (CF)	6.09M	3.84M	3.58M	3.24M	2.48M
Depreciation & Amortization, Total	13.98M	12.01M	10.86M	9.31M	7.64M
Amortization of Deferred Charges, Total - (CF)	2.4M	2.1M	1.6M	1.5M	2M
(Gain) Loss From Sale Of Asset	-	-1.32M	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	-	156M	-	-	-
Stock-Based Compensation (CF)	6.37M	5.09M	4.95M	5.73M	7.44M
Tax Benefit from Stock Options	-	-	-	-	-
Other Operating Activities, Total	-6.11M	-11.17M	4.37M	6.31M	8.31M
Change In Accounts Receivable	5.91M	2.42M	-18.55M	-3.44M	-9.11M
Change In Inventories	-5.55M	21.6M	-15.44M	-28.9M	37.65M
Change In Accounts Payable	-3.64M	-7.81M	18.27M	-13.74M	1.54M
Change In Income Taxes	-5.39M	-18.9M	18.52M	2.69M	-16.71M
Change in Other Net Operating Assets	-18.6M	19.98M	14.62M	-19.64M	-8.7M
Cash from Operations	32.07M	68.41M	131M	54.34M	76.78M
Capital Expenditure	-12.71M	-3.02M	-5.66M	-7.08M	-8.22M
Sale of Property, Plant, and Equipment	240K	1.32M	-	-	-
Cash Acquisitions	-639K	-	-	-	-
Sale (Purchase) of Intangible assets	-255K	-164K	-291K	-202K	-144K
Investment in Marketable and Equity Securities, Total	-	-	-1.97M	-3.26M	-3.11M
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	-13.37M	-1.86M	-7.91M	-10.55M	-11.47M
Long-Term Debt Issued, Total	-	30.88M	-	-	-
Total Debt Issued	-	30.88M	-	-	-
Long-Term Debt Repaid, Total	-	-64.46M	-21.14M	-	-
Total Debt Repaid	-	-64.46M	-21.14M	-	-
Issuance of Common Stock	-	-	324K	489K	97K
Repurchase of Common Stock	-4.2M	-	-22.6M	-31.41M	-3.12M
Common Dividends Paid	-18.4M	-	-21.97M	-31.36M	-53.15M
Common & Preferred Stock Dividends Paid	-18.4M	-	-21.97M	-31.36M	-53.15M
Other Financing Activities, Total	-1.27M	-797K	-1.23M	-3.03M	-1.43M
Cash from Financing	-23.86M	-34.38M	-66.61M	-65.31M	-57.6M
Foreign Exchange Rate Adjustments	1.14M	5.82M	-2.99M	-4.01M	2.93M
Net Change in Cash	-4.02M	37.98M	53.29M	-25.54M	10.64M
Supplemental Items
Cash Interest Paid	700K	1.7M	400K	300K	300K
Cash Income Tax Paid (Refund)	16M	6.1M	25.3M	29M	28.7M
Levered Free Cash Flow	16.85M	50.3M	111M	32.58M	49.06M
Unlevered Free Cash Flow	17.43M	51.52M	112M	32.9M	49.37M
Change In Net Working Capital	19.02M	-18.44M	-27.19M	51.83M	-6.41M
Net Debt Issued / Repaid	-	-33.59M	-21.14M	-	-

Fiscal Period: January	2020	2021	2022	2023	2024
Profitability
Return on Assets	3.32	2.14	9.86	9.75	4.4
Return on Total Capital	4.34	2.75	13.4	13.1	5.66
Return On Equity %	8.22	-23.16	20.41	19.65	9.24
Return on Common Equity	8.35	-23.43	20.4	19.28	9.12
Margin Analysis
Gross Profit Margin %	53.48	53.56	57.22	57.71	55.07
SG&A Margin	46.98	47.4	41.26	41.64	46.92
EBITDA Margin %	8.08	7.66	17.42	17.3	9.28
EBITA Margin %	6.96	6.04	16.43	16.49	8.51
EBIT Margin %	6.09	5.28	15.94	16.06	8.15
Income From Continuing Operations Margin %	6.05	-21.96	12.64	12.9	7.07
Net Income Margin %	6.09	-22.02	12.51	12.57	6.94
Net Avail. For Common Margin %	6.09	-22.02	12.51	12.57	6.94
Normalized Net Income Margin	3.78	3	9.77	9.8	5.52
Levered Free Cash Flow Margin	2.4	9.93	15.18	4.33	7.29
Unlevered Free Cash Flow Margin	2.49	10.17	15.24	4.38	7.34
Asset Turnover
Asset Turnover	0.87	0.65	0.99	0.97	0.86
Fixed Assets Turnover	9.66	4.65	7.85	8.01	6.67
Receivables Turnover (Average Receivables)	8.63	6.52	8.69	8.09	6.77
Inventory Turnover (Average Inventory)	1.94	1.45	2	1.84	1.81
Short Term Liquidity
Current Ratio	4.25	3.93	3.66	3.98	4.81
Quick Ratio	2.42	2.55	2.49	2.51	3.35
Operating Cash Flow to Current Liabilities	0.29	0.54	0.86	0.38	0.68
Days Sales Outstanding (Average Receivables)	42.29	56.13	41.98	45.11	53.93
Days Outstanding Inventory (Average Inventory)	188.45	252.12	182.23	198.85	201.84
Average Days Payable Outstanding	40.73	53.86	42.18	41.44	44.83
Cash Conversion Cycle (Average Days)	190.01	254.39	182.03	202.51	210.94
Long Term Solvency
Total Debt/Equity	28.12	24.58	16.03	17.35	17.75
Total Debt / Total Capital	21.95	19.73	13.81	14.79	15.07
LT Debt/Equity	25.26	20.86	13.15	13.89	14.72
Long-Term Debt / Total Capital	19.71	16.75	11.33	11.84	12.5
Total Liabilities / Total Assets	37.4	40.23	37.32	35.19	32.52
EBIT / Interest Expense	45.88	13.66	169.69	233.1