RALPH LAUREN CORP
For the period ended Sep 28, 2024. Filed Nov 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.
Sep 28, 2024 · Filed Nov 7, 2024
RL$376.56-1.4%Stored close · as of Nov 6, 2026
Contents
Item 1. Consolidated Balance Sheets
CONSOLIDATED BALANCE SHEETS
| September 28,2024 | March 30,2024 | |
|---|---|---|
| (millions) | ||
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $1,355.0 | $1,662.2 |
| Short-term investments | 334.7 | 121.0 |
| Accounts receivable, net of allowances of $190.5 million and $175.3 million | 517.9 | 446.5 |
| Inventories | 1,127.9 | 902.2 |
| Income tax receivable | 56.2 | 56.0 |
| Prepaid expenses and other current assets | 212.9 | 171.9 |
| Total current assets | 3,604.6 | 3,359.8 |
| Property and equipment, net | 832.1 | 850.4 |
| Operating lease right-of-use assets | 1,013.9 | 1,014.6 |
| Deferred tax assets | 281.1 | 288.3 |
| Goodwill | 900.6 | 888.1 |
| Intangible assets, net | 69.3 | 75.7 |
| Other non-current assets | 98.4 | 125.7 |
| Total assets | $6,800.0 | $6,602.6 |
| LIABILITIES AND EQUITY | ||
| Current liabilities: | ||
| Current portion of long-term debt | $399.3 | $— |
| Accounts payable | 495.7 | 332.2 |
| Current income tax payable | 61.4 | 79.8 |
| Current operating lease liabilities | 240.3 | 245.5 |
| Accrued expenses and other current liabilities | 895.7 | 809.7 |
| Total current liabilities | 2,092.4 | 1,467.2 |
| Long-term debt | 742.2 | 1,140.5 |
| Long-term finance lease liabilities | 246.0 | 256.1 |
| Long-term operating lease liabilities | 1,020.1 | 1,014.0 |
| Non-current income tax payable | — | 42.2 |
| Non-current liability for unrecognized tax benefits | 132.7 | 118.7 |
| Other non-current liabilities | 124.3 | 113.6 |
| Commitments and contingencies (Note 12) | ||
| Total liabilities | 4,357.7 | 4,152.3 |
| Equity: | ||
| Class A common stock, par value $.01 per share; 112.5 million and 111.7 million shares issued; 40.2 million and 41.4 million shares outstanding | 1.1 | 1.1 |
| Class B common stock, par value $.01 per share; 21.9 million shares issued and outstanding | 0.2 | 0.2 |
| Additional paid-in-capital | 2,983.8 | 2,923.8 |
| Retained earnings | 7,265.4 | 7,051.6 |
| Treasury stock, Class A, at cost; 72.3 million and 70.3 million shares | (7,582.5) | (7,250.3) |
| Accumulated other comprehensive loss | (225.7) | (276.1) |
| Total equity | 2,442.3 | 2,450.3 |
| Total liabilities and equity | $6,800.0 | $6,602.6 |
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