COTY INC
For the period ended Jun 30, 2024. Filed Aug 20, 2024.
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FY2024 · Filed Aug 20, 2024
COTY$4.22+4.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets F-
(In millions, except per share data)
| June 30,2024 | June 30,2023 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $300.8 | $246.9 |
| Restricted cash | 19.8 | 36.9 |
| Trade receivables—less allowances of $24.3 and $23.2, respectively | 441.6 | 360.9 |
| Inventories | 764.1 | 853.4 |
| Prepaid expenses and other current assets | 437.2 | 553.6 |
| Total current assets | 1,963.5 | 2,051.7 |
| Property and equipment, net | 718.9 | 712.9 |
| Goodwill | 3,905.7 | 3,987.9 |
| Other intangible assets, net | 3,565.6 | 3,798.0 |
| Equity investments | 1,090.6 | 1,068.9 |
| Operating lease right-of-use assets | 255.3 | 286.7 |
| Deferred income taxes | 490.8 | 589.9 |
| Other noncurrent assets | 92.1 | 165.6 |
| TOTAL ASSETS | $12,082.5 | $12,661.6 |
| LIABILITIES, MEZZANINE EQUITY AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $1,405.6 | $1,444.7 |
| Accrued expenses and other current liabilities | 1,067.3 | 1,042.0 |
| Short-term debt and current portion of long-term debt | 3.0 | 57.9 |
| Current operating lease liabilities | 57.8 | 65.6 |
| Income and other taxes payable | 68.1 | 126.6 |
| Total current liabilities | 2,601.8 | 2,736.8 |
| Long-term operating lease liabilities | 218.7 | 247.5 |
| Long-term debt, net | 3,841.8 | 4,178.2 |
| Pension and other post-employment benefits | 275.2 | 280.7 |
| Deferred income taxes | 549.9 | 659.7 |
| Other noncurrent liabilities | 347.4 | 325.4 |
| TOTAL LIABILITIES | 7,834.8 | 8,428.3 |
| COMMITMENTS AND CONTINGENCIES (Note 24) | ||
| CONVERTIBLE SERIES B PREFERRED STOCK, $0.01 par value; 1.0 shares authorized; 0.1 issued and outstanding, at June 30, 2024 and 2023, respectively | 142.4 | 142.4 |
| REDEEMABLE NONCONTROLLING INTERESTS | 93.6 | 93.5 |
| EQUITY: | ||
| Preferred stock, $0.01 par value; 20.0 shares authorized; 1.0 issued and outstanding, at June 30, 2024 and 2023, respectively | — | — |
| Class A Common Stock, $0.01 par value; 1,250.0 shares authorized, 962.1 and 919.3 issued and 867.8 and 852.8 outstanding at June 30, 2024 and 2023, respectively | 9.6 | 9.1 |
| Additional paid-in capital | 11,308.0 | 10,898.6 |
| Accumulated deficit | (4,898.5) | (4,987.9) |
| Accumulated other comprehensive loss | (795.1) | (662.4) |
| Treasury stock—at cost, shares: 94.3 and 66.5 at June 30, 2024 and 2023, respectively | (1,796.9) | (1,446.3) |
| Total Coty Inc. stockholders’ equity | 3,827.1 | 3,811.1 |
| Noncontrolling interests | 184.6 | 186.3 |
| Total equity | 4,011.7 | 3,997.4 |
| TOTAL LIABILITIES, MEZZANINE EQUITY AND STOCKHOLDERS’ EQUITY | $12,082.5 | $12,661.6 |
| Preferred Stock · Class ACommon Stock · AdditionalPaid-in · (Accumulated · AccumulatedOtherComprehensive · Treasury Stock · Total Coty Inc.Stockholders’ · Noncontrolling · Total · RedeemableNoncontrolling · Convertible Series B | ||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Shares · Amount · Shares · Amount · Capital · Deficit) · Income · Shares · Amount · Equity · Interests · Equity · Interests · Preferred Stock | ||||||||||||||||||||||||||
| BALANCE as adjusted—July 1, 2021 | 1.5 | $— | 832.3 | $8.3 | $10,376.2 | $(5,755.6) | $(321.9) | 66.3 | $(1,446.3) | $2,860.7 | $201.5 | $3,062.2 | $84.1 | $1,036.3 | ||||||||||||
| Exercise of employee stock options and restricted stock units and issuance of restricted stock | 3.3 | — | — | |||||||||||||||||||||||
| Shares withheld for employee taxes | (12.7) | (12.7) | (12.7) | |||||||||||||||||||||||
| Share-based compensation expense | 195.4 | 195.4 | 195.4 | |||||||||||||||||||||||
| Equity investment contribution for share-based compensation | 0.7 | 0.7 | 0.7 | |||||||||||||||||||||||
| Changes in dividends accrued | 0.8 | 0.8 | 0.8 | |||||||||||||||||||||||
| Conversion of Convertible Series B Preferred Stock | 69.9 | 0.7 | 428.8 | 429.5 | 429.5 | (429.5) | ||||||||||||||||||||
| Exchange Transaction | — | (606.9) | ||||||||||||||||||||||||
| Dividends Accrued- Convertible Series B Preferred Stock | (35.2) | (35.2) | (35.2) | 35.2 | ||||||||||||||||||||||
| Deemed Dividends and Contributions- Convertible Series B Preferred Stock | (163.1) | (163.1) | (163.1) | 163.1 | ||||||||||||||||||||||
| Dividends Paid- Convertible Series B Preferred Stock | — | — | (55.8) | |||||||||||||||||||||||
| Net income (loss) | 259.5 | 259.5 | (5.1) | 254.4 | 13.3 | |||||||||||||||||||||
| Other comprehensive loss | (396.0) | (396.0) | (0.5) | (396.5) | (0.4) | |||||||||||||||||||||
| Distribution to noncontrolling interests, net | — | (4.6) | (4.6) | (12.3) | ||||||||||||||||||||||
| Adjustment of redeemable noncontrolling interests to redemption value | 14.9 | 14.9 | 14.9 | (14.9) | ||||||||||||||||||||||
| BALANCE—June 30, 2022 | 1.5 | $— | 905.5 | $9.0 | $10,805.8 | $(5,496.1) | $(717.9) | 66.3 | $(1,446.3) | $3,154.5 | $191.3 | $3,345.8 | $69.8 | $142.4 | ||||||||||||
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