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Consolidated Income Statements - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Nov. 01, 2015
Nov. 02, 2014
Nov. 01, 2015
Nov. 02, 2014
Income Statement [Abstract]        
Net sales $ 2,040.9 [1] $ 2,114.0 $ 5,591.9 [1] $ 5,876.0
Royalty revenue 97.4 [1] 89.3 247.0 [1] 224.0
Advertising and other revenue 26.2 [1] 29.8 68.9 [1] 72.4
Total revenue 2,164.5 [1] 2,233.1 5,907.8 [1] 6,172.4
Cost of goods sold (exclusive of depreciation and amortization) 1,063.5 1,065.6 2,819.1 2,917.0
Gross profit 1,101.0 1,167.5 3,088.7 3,255.4
Selling, general and administrative expenses 853.8 892.9 2,519.2 2,647.8
Debt modification and extinguishment costs 0.0 0.0 0.0 93.1
Equity in net income of unconsolidated affiliates 6.4 5.3 15.0 9.2
Income before interest and taxes 253.6 [2] 279.9 584.5 [2] 523.7
Interest expense 28.4 33.6 88.5 110.7
Interest income 1.0 1.5 3.3 4.2
Income before taxes 226.2 247.8 499.3 417.2
Income tax expense 4.3 22.1 61.1 29.8
Net Income 221.9 225.7 438.2 387.4
Less: Net loss attributable to redeemable non-controlling interest 0.0 0.0 0.0 (0.1)
Net income attributable to PVH Corp. $ 221.9 $ 225.7 $ 438.2 $ 387.5
Basic net income per common share attributable to PVH Corp. $ 2.69 $ 2.74 $ 5.31 $ 4.71
Diluted net income per common share attributable to PVH Corp. 2.67 2.71 5.26 4.66
Dividends declared per common share $ 0.0375 $ 0.0375 $ 0.1500 $ 0.1500
[1] Revenue for the thirteen and thirty-nine weeks ended November 1, 2015 was significantly impacted by the strengthening of the United States dollar against other currencies in which the Company transacts significant levels of business. Please see section entitled “Results of Operations” in Management’s Discussion and Analysis of Financial Condition and Results of Operations included in Item 2 of this report for a further discussion.
[2] Income (loss) before interest and taxes for the thirteen and thirty-nine weeks ended November 1, 2015 was significantly impacted by the strengthening of the United States dollar against other currencies in which the Company transacts significant levels of business. Please see section entitled “Results of Operations” in Management’s Discussion and Analysis of Financial Condition and Results of Operations included in Item 2 of this report for a further discussion.