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CONSOLIDATED INCOME STATEMENTS - USD ($)
$ in Millions
12 Months Ended
Jan. 29, 2017
Jan. 31, 2016
Feb. 01, 2015
Income Statement [Abstract]      
Net sales $ 7,791.4 $ 7,605.5 $ 7,849.1
Royalty revenue 320.6 324.8 300.5
Advertising and other revenue 91.1 90.0 91.6
Total revenue [1] 8,203.1 [2],[3] 8,020.3 [2],[3] 8,241.2
Cost of goods sold (exclusive of depreciation and amortization) 3,832.8 3,858.7 3,914.5
Gross profit 4,370.3 4,161.6 4,326.7
Selling, general and administrative expenses 3,636.7 3,417.7 3,713.6
Debt modification and extinguishment costs 15.8 0.0 93.1
Other noncash gain, net 71.3 0.0 0.0
Equity in net income of unconsolidated affiliates 0.1 16.6 9.9
Income before interest and taxes 789.2 [4] 760.5 [4] 529.9
Interest expense 120.9 117.0 143.5
Interest income 5.9 4.0 5.0
Income before taxes 674.2 647.5 391.4
Income tax expense (benefit) 125.5 75.1 (47.5)
Net income 548.7 572.4 438.9
Less: Net loss attributable to redeemable non-controlling interest (0.3) 0.0 (0.1)
Net income attributable to PVH Corp. $ 549.0 $ 572.4 $ 439.0
Basic net income per common share attributable to PVH Corp. $ 6.84 $ 6.95 $ 5.33
Diluted net income per common share attributable to PVH Corp. $ 6.79 $ 6.89 $ 5.27
[1] No single customer accounted for more than 10% of the Company’s revenue in 2016, 2015 or 2014
[2] Revenue was impacted by the strengthening of the United States dollar against foreign 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 7 of this report for a further discussion.
[3] Revenue was impacted by the strengthening of the United States dollar against foreign 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 7 of this report for a further discussion.
[4] Income (loss) before interest and taxes was significantly impacted by the strengthening of the United States dollar against foreign 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 7 of this report for a further discussion.