V F CORP
For the period ended Jun 29, 2024. Filed Aug 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.
Jun 29, 2024 · Filed Aug 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: June, March 202 and
Consolidated Balance Sheets
| (In thousands, except share amounts) | June 2024 | March 2024 | June 2023 |
|---|---|---|---|
| ASSETS | |||
| Current assets | |||
| Cash and equivalents | $637,420 | $674,605 | $806,529 |
| Accounts receivable, less allowance for doubtful accounts of: June 2024 - $28,542; March 2024 - $26,369; June 2023 - $33,076 | 1,055,571 | 1,273,965 | 1,214,223 |
| Inventories | 2,110,598 | 1,766,366 | 2,787,021 |
| Other current assets | 545,542 | 512,011 | 405,784 |
| Total current assets | 4,349,131 | 4,226,947 | 5,213,557 |
| Property, plant and equipment, net | 794,212 | 823,886 | 943,163 |
| Intangible assets, net | 2,571,765 | 2,628,482 | 2,640,827 |
| Goodwill | 1,360,782 | 1,460,414 | 1,973,615 |
| Operating lease right-of-use assets | 1,332,950 | 1,330,361 | 1,349,725 |
| Other assets | 1,132,523 | 1,142,873 | 1,923,011 |
| TOTAL ASSETS | $11,541,363 | $11,612,963 | $14,043,898 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | |||
| Current liabilities | |||
| Short-term borrowings | $263,709 | $263,938 | $58,520 |
| Current portion of long-term debt | 1,749,601 | 1,000,721 | 928,736 |
| Accounts payable | 1,157,755 | 817,128 | 1,282,313 |
| Accrued liabilities | 1,237,909 | 1,375,192 | 1,546,866 |
| Total current liabilities | 4,408,974 | 3,456,979 | 3,816,435 |
| Long-term debt | 3,940,668 | 4,702,284 | 5,722,448 |
| Operating lease liabilities | 1,167,415 | 1,156,858 | 1,155,852 |
| Other liabilities | 636,401 | 638,477 | 632,400 |
| Total liabilities | 10,153,458 | 9,954,598 | 11,327,135 |
| Commitments and contingencies | |||
| Stockholders’ equity | |||
| Preferred Stock, par value $1; shares authorized, 25,000,000; no shares outstanding at June 2024, March 2024 or June 2023 | — | — | — |
| Common Stock, stated value $0.25; shares authorized, 1,200,000,000; shares outstanding at June 2024 - 389,181,642; March 2024 - 388,836,219; June 2023 - 388,836,545 | 97,295 | 97,209 | 97,209 |
| Additional paid-in capital | 3,580,175 | 3,600,071 | 3,733,777 |
| Accumulated other comprehensive loss | (1,053,627) | (1,064,331) | (1,053,529) |
| Accumulated deficit | (1,235,938) | (974,584) | (60,694) |
| Total stockholders’ equity | 1,387,905 | 1,658,365 | 2,716,763 |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $11,541,363 | $11,612,963 | $14,043,898 |
3 VF Corporation Q1 FY25 Form 10-Q
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