V F CORP
For the period ended Dec 30, 2023. Filed Feb 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 30, 2023 · Filed Feb 7, 2024
VFC$20.74-0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets: December 2023, March 2023 and
Consolidated Balance Sheets
| (In thousands, except share amounts) | December 2023 | March 2023 | December 2022 |
|---|---|---|---|
| ASSETS | |||
| Current assets | |||
| Cash and equivalents | $988,006 | $814,887 | $571,347 |
| Accounts receivable, less allowance for doubtful accounts of: December 2023 - $30,011; March 2023 - $28,075; December 2022 - $29,087 | 1,314,139 | 1,610,295 | 1,564,957 |
| Inventories | 2,148,219 | 2,292,790 | 2,591,915 |
| Other current assets | 485,562 | 434,737 | 515,763 |
| Total current assets | 4,935,926 | 5,152,709 | 5,243,982 |
| Property, plant and equipment, net | 913,384 | 942,440 | 932,663 |
| Intangible assets, net | 2,636,745 | 2,642,821 | 2,790,512 |
| Goodwill | 1,723,638 | 1,978,413 | 2,142,401 |
| Operating lease right-of-use assets | 1,314,306 | 1,372,182 | 1,293,041 |
| Other assets | 1,092,475 | 1,901,923 | 1,910,698 |
| TOTAL ASSETS | $12,616,474 | $13,990,488 | $14,313,297 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | |||
| Current liabilities | |||
| Short-term borrowings | $452,286 | $11,491 | $901,668 |
| Current portion of long-term debt | 1,000,596 | 924,305 | 910,616 |
| Accounts payable | 974,844 | 936,319 | 906,340 |
| Accrued liabilities | 1,569,557 | 1,673,651 | 1,827,610 |
| Total current liabilities | 3,997,283 | 3,545,766 | 4,546,234 |
| Long-term debt | 4,755,252 | 5,711,014 | 4,617,441 |
| Operating lease liabilities | 1,133,749 | 1,171,941 | 1,068,744 |
| Other liabilities | 620,997 | 651,054 | 761,246 |
| Total liabilities | 10,507,281 | 11,079,775 | 10,993,665 |
| Commitments and contingencies | |||
| Stockholders’ equity | |||
| Preferred Stock, par value $1; shares authorized, 25,000,000; no shares outstanding at December 2023, March 2023 or December 2022 | — | — | — |
| Common Stock, stated value $0.25; shares authorized, 1,200,000,000; shares outstanding at December 2023 - 388,819,204; March 2023 - 388,665,531; December 2022 - 388,660,385 | 97,205 | 97,166 | 97,165 |
| Additional paid-in capital | 3,619,654 | 3,775,979 | 3,766,304 |
| Accumulated other comprehensive loss | (1,051,373) | (1,019,518) | (929,588) |
| Retained earnings (accumulated deficit) | (556,293) | 57,086 | 385,751 |
| Total stockholders’ equity | 2,109,193 | 2,910,713 | 3,319,632 |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $12,616,474 | $13,990,488 | $14,313,297 |
3 VF Corporation Q3 FY24 Form 10-Q
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