Fossil Forecasted Finacial Statements

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INCOME STATEMENT 12/31/2010 12/31/2011 12/31/2012 12/31/2013 12/31/2014 SALES GROWTH % 26% 11% 14% 8% Sales 2,031 2,567 2,858 3,260 3,510 Cost Of Goods 876 1,128 1,251 1,398 1,509 Gross Profit 1,155 1,439 1,607 1,862 2,001 779 967 1,118 1,300 1,435 376 472 489 562 567 Non-Operating Income 9 -18 9 9 7 Interest Expense 1 2 5 10 16 Pretax Income 384 452 492 561 558 Income Taxes 119 144 138 173 171 Minority Interest 10 13 11 10 10 Investment Gains/Losses 0 0 0 0 0 Other Income/Charges 0 0 0 0 0 Income From Cont. Operations 265 307 354 388 387 0 0 0 0 0 Net Income 255 295 343 378 377 BALANCE SHEET 12/31/2010 12/31/2011 12/31/2012 12/31/2013 12/31/2014 Assets Cash & Equivalents 402 288 177 320 276 Receivables 263 302 363 455 431 Notes Receivable 0 0 0 0 0 Inventories 372 489 506 571 597 Other Current Assets 104 156 97 134 186 Total Current Assets 1,141 1,235 1,144 1,479 1,490 Net Property & Equipment 217 282 335 356 346 Investments & Advances 9 8 7 0 0 Other Non-Current Assets 0 0 0 0 0 Deferred Charges 0 0 0 0 0 Intangibles 100 118 355 395 372 Deposits & Other Assets 0 0 0 0 0 Selling & Adminstrative & Depr. & Amort Expenses Income After Depreciation & Amortization Extras & Discontinued Operations

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Forecasting Fossil Inc.

Transcript of Fossil Forecasted Finacial Statements

Page 1: Fossil Forecasted Finacial Statements

INCOME STATEMENT 12/31/2010 12/31/2011 12/31/2012 12/31/2013 12/31/2014

SALES GROWTH % 26% 11% 14% 8%

Sales 2,031 2,567 2,858 3,260 3,510

Cost Of Goods 876 1,128 1,251 1,398 1,509

Gross Profit 1,155 1,439 1,607 1,862 2,001

779 967 1,118 1,300 1,435

376 472 489 562 567

Non-Operating Income 9 -18 9 9 7

Interest Expense 1 2 5 10 16

Pretax Income 384 452 492 561 558

Income Taxes 119 144 138 173 171

Minority Interest 10 13 11 10 10

Investment Gains/Losses 0 0 0 0 0

Other Income/Charges 0 0 0 0 0

Income From Cont. Operations 265 307 354 388 387

0 0 0 0 0

Net Income 255 295 343 378 377

BALANCE SHEET12/31/2010 12/31/2011 12/31/2012 12/31/2013 12/31/2014

Assets

Cash & Equivalents 402 288 177 320 276

Receivables 263 302 363 455 431

Notes Receivable 0 0 0 0 0

Inventories 372 489 506 571 597

Other Current Assets 104 156 97 134 186

Total Current Assets 1,141 1,235 1,144 1,479 1,490

Net Property & Equipment 217 282 335 356 346

Investments & Advances 9 8 7 0 0

Other Non-Current Assets 0 0 0 0 0

Deferred Charges 0 0 0 0 0

Intangibles 100 118 355 395 372

Deposits & Other Assets 0 0 0 0 0

Selling & Adminstrative & Depr. & Amort Expenses

Income After Depreciation & Amortization

Extras & Discontinued Operations

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Total Assets 1,468 1,643 1,842 2,230 2,208

12/31/2010 12/31/2011 12/31/2012 12/31/2013 12/31/2014

Notes Payable 0 0 0 0 0

Accounts Payable 122 158 150 165 159

Current Portion Long-Term Debt 5 9 3 13 17

Current Portion Capital Leases 0 0 0 0 0

Accrued Expenses 184 208 223 286 244

Income Taxes Payable 28 16 31 27 27

Other Current Liabilities 0 0 0 0 0

Total Current Liabilities 339 391 407 492 447

Mortgages 0 0 0 0 0

Deferred Taxes/Income 57 104 88 114 104

Convertible Debt 0 0 0 0 0

Long-Term Debt 5 6 75 495 614

Non-Current Capital Leases 0 0 0 0 0

Other Non-Current Liabilities 15 25 31 55 59

Minority Interest (Liabilities) 0 0 0 0 0

Total Liabilities 416 526 602 1,155 1,224

Shareholders Equity 12/31/2010 12/31/2011 12/31/2012 12/31/2013 12/31/2014

Preferred Stock 0 0 0 0 0

Common Stock (Par) 1 1 1 1 1

Capital Surplus 117 149 138 154 172

Retained Earnings 1,090 1,385 1,066 877 822

Other Equity 27 33 36 43 -10

Treasury Stock 183 451 0 0 0

Total Shareholder's Equity 1,052 1,117 1,240 1,075 984

1,468 1,643 1,842 2,230 2,208

Total Common Equity 1,052 1,117 1,240 1,075 984

Shares Outstanding 65 62.6 60 55.2 51

Book Value Per Share 16.18 17.84 20.67 19.48 19.29

CASH FLOW STAMENT12/31/2014 12/31/2013 12/31/2012 12/31/2011 12/31/2010

Liabilities & Shareholders Equity

Total Liabilities & Shareholder's Equity

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Activities

Net Income (Loss) 386.61 388.05 354.26 307.4 264.89

95.93 81.94 65.54 51.93 40.56

-129.85 -71.9 18.11 -147.51 -137.39

0 0 0 0 0

Other Operating Activities 35.2 13.6 13.7 39.45 41.12

387.88 411.68 451.6 251.27 209.18

Property & Equipment -94.19 -93.22 -112.32 -88.46 -46.09

0 -15.52 -229.15 0 0

Investments 0 0.02 0 8.03 -0.31

Other Investing Activities -8.97 -14.44 -3.68 -29.64 -1.13

-103.16 -123.17 -345.15 -110.07 -47.53

Uses of Funds

12/31/2014 12/31/2013 12/31/2012 12/31/2011 12/31/2010

-434.68 -574.66 -265.2 -254.51 -175.81

Issuance (Repayment) of Debt 0 0 0 0 0

122.32 430.62 56.18 4.05 0.85

0 0 0 0 0

Other Financing Activities -12.82 -4.21 -10.57 0.61 4.37

-325.18 -148.25 -219.59 -249.86 -170.58

-3.76 2.98 2.88 3.37 -3.44

-44.22 143.24 -110.26 -105.3 -12.38

Cash at Beginning of Period 320.48 177.24 287.5 392.79 405.18

Cash Flow From Operations, Investments & Financial

Depreciation/Amortization & Depletion

Net Change from Assets/Liabilities

Net Cash from Discontinued Operations

Net Cash From Operating Activities

Acquisition/ Disposition of Subsidiaries

Net Cash from Investing Activities

Issuance (Repurchase) of Capital Stock

Increase (Decrease) Short-Term Debt

Payment of Dividends & Other Distributions

Net Cash from Financing Activities

Effect of Exchange Rate Changes

Net Change In Cash & Equivalents

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Cash at End of Period 276.26 320.48 177.24 287.5 392.79

Diluted Net EPS 7.1 6.56 5.59 4.61 3.77

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% of rev ASUUMPTION 12/31/2015 12/31/2016

GOING FORWARD SALES GROWTH % -5% 3%

100.00% 100.00% Sales 3,334.50 3,434.54 42.99% 43.00% Cost Of Goods 1,433.84 1,476.85 57.01% Gross Profit 1,900.67 1,957.68

40.88% 40.00% 1,333.80 1,373.81

16.15% 566.87 583.87

0.20% 0.00% Non-Operating Income - ###0.46% 3% of debt Interest Expense 5.47 -

15.90% Pretax Income 561.39 583.87 4.87% 32.00% Income Taxes 179.65 186.84 0.28% 10.00 Minority Interest 10.00 ###

0.00% 0.00% Investment Gains/Losses - ###

0.00% 0.00% Other Income/Charges - ###

11.03% 381.75 397.03

0.00% 0.00%10.74% Net Income 371.75 387.03

mkt sec Assets (17.20) 147.10 7.86% 8.80% Cash & Equivalents 293.55 302.36

12.28% 13.09% Receivables 436.39 449.48 Notes Receivable - ###

17.01% 17.25% Inventories 575.29 592.55

5.30% 4.73% Other Current Assets 157.61 162.34 42.45% Total Current Assets 1,462.85 1,506.73

9.86% 10.37% Net Property & Equipment 345.76 356.14

Investments & Advances - ###

Other Non-Current Assets - ###

Deferred Charges - ###

10.60% 10.60% Intangibles 353.40 364.00

Deposits & Other Assets - ###

Selling & Adminstrative & Depr. & Amort Expenses

Income After Depreciation & Amortization

Income From Cont. Operations

Extras & Discontinued Operations

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62.91% Total Assets 2,162.01 2,226.87

Notes Payable - ###

4.53% 4.79% Accounts Payable 159.58 164.37

0.48% 0.44% 14.78 15.22

- ###6.95% 7.83% Accrued Expenses 261.05 268.88

0.77% 0.80% Income Taxes Payable 26.60 27.40

Other Current Liabilities - ###

12.74% Total Current Liabilities 462.00 475.86 Mortgages - ###

2.96% 3.22% Deferred Taxes/Income 107.37 110.60 Convertible Debt - ###

17.49% 17.49% Long-Term Debt 182.34 -

Non-Current Capital Leases - ###

1.68% 1.68% Other Non-Current Liabilities 56.15 57.83

Minority Interest (Liabilities) - ###34.87% Total Liabilities 807.87 644.29

Shareholders Equity

Preferred Stock

Common Stock (Par)

4.90% Capital Surplus

23.42% Retained Earnings

-0.28% Other Equity

Treasury Stock

28.03% ADJ as needed Total Shareholder's Equity 1,355.75 1,742.78

62.91% 2,163.62 2,387.07

imbalance 18.80 13.11 1.45%

0.55%

Liabilities & Shareholders Equity

Current Portion Long-Term Debt

Current Portion Capital Leases

Total Liabilities & Shareholder's Equity

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Activities

Net Income (Loss) 371.75 387.03

1.16% 2.36% 78.73 81.10

59.71 (21.22)

0 0

Other Operating Activities 0 0

510.19 446.91

Property & Equipment (78.50) (91.47)

0 0

Investments 0 0

Other Investing Activities 0 0

(78.50) (91.47)

Uses of Funds

0 0

(431.34) (182.34)

0 0

0 0

Other Financing Activities 0 0

(431.34) -182.34

0.36 173.10

cash needed for operations 17.55 8.81

Cash Flow From Operations, Investments & Financial

Depreciation/Amortization & Depletion

Net Change from Assets/Liabilities

Net Cash from Discontinued Operations

Net Cash From Operating Activities

Acquisition/ Disposition of Subsidiaries

Net Cash from Investing Activities

Issuance (Repurchase) of Capital Stock

Issuance (Repayment) of Debt

Increase (Decrease) Short-Term Debt

Payment of Dividends & Other Distributions

Net Cash from Financing Activities

Effect of Exchange Rate Changes

Net Change In Cash & Equivalents

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excess cash(shortfall) (17.20) 164.29

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12/31/2017 12/31/2018 12/31/2019

5% 7% 7%

3,606.26 3,858.70 4,128.81 1,550.69 1,659.24 1,775.39 2,055.57 2,199.46 2,353.42

1,442.50 1,543.48 1,651.52

613.06 655.98 701.90

- - - - - - 613.06 655.98 701.90 196.18 209.91 224.61 10.00 10.00 10.00

- - -

### - -

416.88 446.07 477.29

406.88 436.07 467.29

484.63 818.75 1,176.96 317.48 339.70 363.48 471.96 504.99 540.34 - - -

622.17 665.73 712.33

170.46 182.39 195.16 1,582.07 1,692.81 1,811.31

373.94 400.12 428.13

- - -

### - -

### - -

382.20 408.96 437.58

- - -

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2,338.21 2,501.89 2,677.02

- - -

172.59 184.67 197.60

15.98 17.10 18.30

- - - 282.32 302.08 323.23

28.76 30.78 32.93

- - -

499.66 534.63 572.06 - - -

116.12 124.25 132.95 - - -

### - -

### - -

60.73 64.98 69.52

- - - 676.51 723.86 774.53

2,149.66 2,585.73 3,053.02

2,826.17 3,309.59 3,827.55

3.33 (11.05) (26.43)

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406.88 436.07 467.29

85.15 91.11 97.49

(36.43) (53.55) (57.29)

0 0 0

0 0 0

455.61 473.63 507.49

(102.96) (117.29) (125.50)

0 0 0

0 0 0

0 0 0

(102.96) (117.29) (125.50)

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

352.65 356.34 381.99

15.12 22.22 23.78

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337.53 334.12 358.21

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12/31/2010 12/31/2011 12/31/2012 12/31/2013 12/31/2014

Sales 2,031 2,567 2,858 3,260 3,510

Cost Of Goods 876 1,128 1,251 1,398 1,509

Gross Profit 1,155 1,439 1,607 1,862 2,001

779 967 1,118 1,300 1,435

376 472 489 562 567

Non-Operating Income 9 -18 9 9 7

Interest Expense 1 2 5 10 16

Pretax Income 384 452 492 561 558

Income Taxes 119 144 138 173 171

Minority Interest 10 13 11 10 10

Investment Gains/Losses 0 0 0 0 0

Other Income/Charges 0 0 0 0 0

265 307 354 388 387

0 0 0 0 0

Net Income 255 295 343 378 377

Depreciation Footnote 12/31/2010 12/31/2011 12/31/2012 12/31/2013 12/31/2014

417 524 554 644 662

Selling & Adminstrative & Depr. & Amort Expenses

Income After Depreciation & Amortization

Income From Cont. Operations

Extras & Discontinued Operations

Income Before Depreciation & Amortization

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41 52 66 82 96

376 472 489 562 567

Earnings Per Share Data 12/31/2010 12/31/2011 12/31/2012 12/31/2013 12/31/2014

Average Shares 67.69 63.97 61.4 57.7 53.1

3.77 4.61 5.39 6.37 7.1

Diluted Net EPS 3.77 4.61 5.59 6.56 7.1

Depreciation & Amortization (Cash Flow)

Income After Depreciation & Amortization

Diluted EPS Before Non-Recurring Items

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26.39% 11.34% 14.07% 7.67%28.77% 10.90% 11.75% 7.94%24.59% 11.67% 15.87% 7.47% 12/31/2014 12/31/2013

24.13% 15.62% 16.28% 10.38%

Assets

25.53% 3.60% 14.93% 0.89%276 320

-300.00% -150.00% 0.00% -22.22% Receivables 431 455

100.00% 150.00% 100.00% 60.00%0 0

17.71% 8.85% 14.02% -0.53% Inventories 597 571

21.01% -4.17% 25.36% -1.16%186 134

30.00% -15.38% -9.09% 0.00%1,490 1,479

#DIV/0! #DIV/0! #DIV/0! #DIV/0!

346 356

#DIV/0! #DIV/0! #DIV/0! #DIV/0!0 0

15.85% 15.31% 9.60% -0.26%

0 0

#DIV/0! #DIV/0! #DIV/0! #DIV/0!0 0

15.69% 16.27% 10.20% -0.26% Intangibles 372 395

0.90% 0.89% 0.88% 0.88%0 0

25.66% 5.73% 16.25% 2.80%Total Assets 2,208 2,230

Cash & Equivalents

Notes Receivable

Other Current Assets

Total Current Assets

Net Property & Equipment

Investments & Advances

Other Non-Current Assets

Deferred Charges

Deposits & Other Assets

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26.83% 26.92% 24.24% 17.07%

12/31/2014 12/31/2013

25.53% 3.60% 14.93% 0.89%0 0

0.90% 0.89% 0.88% 0.88% 159 165

-5.50% -4.02% -6.03% -7.97%

17 13

22.28% 16.92% 18.18% 11.46%

0 0

22.28% 21.26% 17.35% 8.23%244 286

27 27

0 0

447 492

Mortgages 0 0

104 114

0 0

614 495

0 0

59 55

Liabilities & Shareholders Equity

Notes Payable

Accounts Payable

Current Portion Long-Term Debt

Current Portion Capital Leases

Accrued Expenses

Income Taxes Payable

Other Current Liabilities

Total Current Liabilities

Deferred Taxes/Income

Convertible Debt

Long-Term Debt

Non-Current Capital Leases

Other Non-Current Liabilities

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0 0

1,224 1,155

12/31/2014 12/31/2013

0 0

1 1

172 154

822 877

Other Equity -10 43

0 0

984 1,075

2,208 2,230

984 1,075

51 55.2

19.29 19.48

Minority Interest (Liabilities)

Total Liabilities

Shareholders Equity

Preferred Stock

Common Stock (Par)

Capital Surplus

Retained Earnings

Treasury Stock

Total Shareholder's Equity

Total Liabilities & Shareholder's Equity

Total Common Equity

Shares Outstanding

Book Value Per Share

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12/31/2012 12/31/2011 12/31/2010 12/31/2010 12/31/2011 12/31/2012 12/31/2013

177 288 402 402 288 177 320

363 302 263 263 302 363 455

0 0 0 0 0 0 0

506 489 372 372 489 506 571

97 156 104 104 156 97 134

1,144 1,235 1,141 1,141 1,235 1,144 1,479

335 282 217 217 282 335 356

7 8 9 9 8 7 0

0 0 0 0 0 0 0

0 0 0 0 0 0 0

355 118 100 100 118 355 395

0 0 0 0 0 0 0

1,842 1,643 1,468 1,468 1,643 1,842 2,230

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12/31/2012 12/31/2011 12/31/2010 12/31/2010 12/31/2011 12/31/2012 12/31/2013

0 0 0 0 0 0 0

150 158 122 122 158 150 165

3 9 5 5 9 3 13

0 0 0 0 0 0 0

223 208 184 184 208 223 286

31 16 28 28 16 31 27

0 0 0 0 0 0 0

407 391 339 339 391 407 492

0 0 0 0 0 0 0

88 104 57 57 104 88 114

0 0 0 0 0 0 0

75 6 5 5 6 75 495

0 0 0 0 0 0 0

31 25 15 15 25 31 55

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0 0 0 0 0 0 0

602 526 416 416 526 602 1,155

12/31/2012 12/31/2011 12/31/2010 12/31/2010 12/31/2011 12/31/2012 12/31/2013

0 0 0 0 0 0 0

1 1 1 1 1 1 1

138 149 117 117 149 138 154

1,066 1,385 1,090 1,090 1,385 1,066 877

36 33 27 27 33 36 43

0 451 183 183 451 0 0

1,240 1,117 1,052 1,052 1,117 1,240 1,075

1,842 1,643 1,468 1,468 1,643 1,842 2,230

1,240 1,117 1,052 1,052 1,117 1,240 1,075

60 62.6 65 65 62.6 60 55.2

20.67 17.84 16.18 16.18 17.84 20.67 19.48

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12/31/2014

276

431

0

597

186

1,490

346

0

0

0

372

0

2,208

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12/31/2014

0

159

17

0

244

27

0

447

0

104

0

614

0

59

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0

1,224

12/31/2014

0

1

172

822

-10

0

984

2,208

984

51

19.29