V F CORP
For the period ended Sep 28, 2024. Filed Oct 30, 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.
Sep 28, 2024 · Filed Oct 30, 2024
VFC$20.74-0.7%Stored close · as of Nov 10, 2026
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Consolidated Balance Sheets: September 2024, March 2024 and
Consolidated Balance Sheets
| (In thousands, except share amounts) | September 2024 | March 2024 | September 2023 |
|---|---|---|---|
| ASSETS | |||
| Current assets | |||
| Cash and equivalents | $492,164 | $656,376 | $484,825 |
| Accounts receivable, less allowance for doubtful accounts of: September 2024 - $35,674; March 2024 - $26,369; September 2023 - $28,040 | 1,820,197 | 1,263,329 | 1,881,531 |
| Inventories | 2,082,918 | 1,697,823 | 2,405,291 |
| Other current assets | 472,595 | 493,194 | 358,124 |
| Current assets of discontinued operations | 1,590,984 | 116,225 | 113,791 |
| Total current assets | 6,458,858 | 4,226,947 | 5,243,562 |
| Property, plant and equipment, net | 755,802 | 788,992 | 885,882 |
| Intangible assets, net | 1,774,694 | 1,776,482 | 1,778,795 |
| Goodwill | 651,934 | 645,356 | 1,145,869 |
| Operating lease right-of-use assets | 1,313,030 | 1,255,074 | 1,248,524 |
| Other assets | 1,265,320 | 1,210,470 | 1,143,728 |
| Other assets of discontinued operations | — | 1,709,642 | 1,695,992 |
| TOTAL ASSETS | $12,219,638 | $11,612,963 | $13,142,352 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | |||
| Current liabilities | |||
| Short-term borrowings | $463,200 | $263,938 | $1,023,276 |
| Current portion of long-term debt | 1,750,097 | 1,000,721 | 966 |
| Accounts payable | 1,134,637 | 788,477 | 961,667 |
| Accrued liabilities | 1,486,706 | 1,323,982 | 1,486,757 |
| Current liabilities of discontinued operations | 147,791 | 79,861 | 72,167 |
| Total current liabilities | 4,982,431 | 3,456,979 | 3,544,833 |
| Long-term debt | 4,028,549 | 4,702,284 | 5,656,725 |
| Operating lease liabilities | 1,136,605 | 1,087,304 | 1,066,933 |
| Other liabilities | 665,686 | 636,090 | 598,409 |
| Other liabilities of discontinued operations | — | 71,941 | 65,407 |
| Total liabilities | 10,813,271 | 9,954,598 | 10,932,307 |
| Commitments and contingencies | |||
| Stockholders’ equity | |||
| Preferred Stock, par value $1; shares authorized, 25,000,000; no shares outstanding at September 2024, March 2024 or September 2023 | — | — | — |
| Common Stock, stated value $0.25; shares authorized, 1,200,000,000; shares outstanding at September 2024 - 389,283,419; March 2024 - 388,836,219; September 2023 - 388,883,825 | 97,321 | 97,209 | 97,221 |
| Additional paid-in capital | 3,565,198 | 3,600,071 | 3,638,029 |
| Accumulated other comprehensive loss | (1,070,580) | (1,064,331) | (1,011,705) |
| Accumulated deficit | (1,185,572) | (974,584) | (513,500) |
| Total stockholders’ equity | 1,406,367 | 1,658,365 | 2,210,045 |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $12,219,638 | $11,612,963 | $13,142,352 |
3 VF Corporation Q2 FY25 Form 10-Q
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