Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Genesco Inc. and Subsidiaries Consolidated Balance Sheets In Thousands, except share amounts As of Fiscal Year End February 1, February 2, 2020 2019 S 135,784

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

Genesco Inc. and Subsidiaries Consolidated Balance Sheets In Thousands, except share amounts As of Fiscal Year End February 1, February 2, 2020 2019 S 135,784 S 31,579 11,583 190 158,603 43,246 17,389 2,133 8,992 Liabilities and Equity Current Liabilities: Accounts payable Accrued employee compensation Accrued other taxes Accrued income taxes Current portion - long-term debt Current portion - operating lease liability Other accrued liabilities Provision for discontinued operations Total current liabilities Long-term debt Long-term operating lease liability Other long-term liabilities Provision for discontinued operations Total liabilities Commitments and contingent liabilities Equity Non-redeemable preferred stock Common equity: Common stock, S1 par value: Authorized: 80,000,000 shares Issued/Outstanding February 1, 2020 15,185,670/14,697,206 February 2, 2019 - 19,591,048/19,102,584 Additional paid-in capital Retained camings Accumulated other comprehensive loss Treasury shares, at cost (488,464 shares) Total equity Total Liabilities and Equity 142,695 39,609 495 361,935 14,393 647,949 35,177 1,681 1,061,135 45,313 553 276,229 56,751 108,704 1,846 443,530 1,009 1,060 15,186 274,101 378,572 (31,668) (17,857) 619,343 1,680,478 S 19,591 264,138 508,555 (37,936) (17,857) 737,551 1,181,081 S The accompanying Notes are an integral part of these Consolidated Financial Statements. Genesco Inc. and Subsidiaries Consolidated Balance Sheets In Thousands, except share amounts As of Fiscal Year End February 1, February 2, 2020 2019 Assets 81,418 $ 167,355 29,195 365,269 32,301 508,183 132,390 366,667 64,634 731,046 Current Assets: Cash and cash equivalents Accounts receivable, net of allowances of $2,940 at February 1, 2020 and $2,894 at February 2, 2019 Inventories Prepaids and other current assets Total current assets Property and equipment: Land Buildings and building equipment Computer hardware, software and equipment Furniture and fixtures Construction in progress Improvements to leased property Property and equipment, at cost Accumulated depreciation Property and equipment, net Deferred income taxes Operating lease right of use asset Goodwill Trademarks, net of accumulated amortization of zero at both February 1, 2020 and February 2, 2019 Other intangibles, net of accumulated amortization of $1,988 at February 1, 2020 and $4,680 at February 2, 2019 Other noncurrent assets Total Assets 7,360 63,493 140,503 128,542 9,593 342,592 692,083 (453,763) 238,320 19,475 735,044 122,184 7,953 82,621 138,147 129,625 5,920 341,134 705,400 (428,025) 277,375 21,335 93,081 31,023 30,904 943 5,341 20,908 1,680,478 $ 26,397 1,181,081 S Genesco Inc. and Subsidiaries Consolidated Statements of Operations In Thousands, except per share amounts Fiscal Year 2020 2019 2018 $ 2,197,066 $ 2,188,553 S 2,127,547 1,133,951 1,141,497 1,116,164 1,063,115 1,047,056 1,011,383 966,423 962,076 929,238 13,374 3,163 7,773 83,318 81,817 74,372 597 (395) (380) (29) Net sales Cost of sales Gross margin Selling and administrative expenses Asset impairments and other, net Operating income Loss on carly retirement of debt Other components of net periodic benefit cost Interest expense, net: Interest expense Interest income Total interest expense, net Earnings from continuing operations before income taxes Income tax expense Earnings from continuing operations Loss from discontinued operations, net of tax of S0.1 million, $27.5 million and $22.7 million for Fiscal 2020, 2019 and 2018, respectively Net Earnings (Loss) 3,339 (2,061) 1,278 82,435 20,678 61,757 4,115 (774) 3,341 78,259 27,035 51,224 5,420 (8) 5,412 68,989 32,281 36,708 (373) 61,384 S (103,154) (148,547) (51,930)S (111,839) $ 15,544 19,351 19,218 $ Basic weighted average common shares Basic carnings (loss) per common share: Continuing operations Discontinued operations Net camings (loss) Diluted weighted average common shares Diluted earnings (loss) per common share: Continuing operations Discontinued operations Net earnings (Loss) 3.97 S (0.02) 3.95 $ 15,671 2.65 S (5.33) (2.68) 19,495 1.91 (7.73) (5.82) 19,282 $ $ 3.94 S (0.02) 3.92 S 2.63 S (5.29) (2.66) 1.90 (7.70) (5.80) $ The accompanying Notes are an integral part of these Consolidated Financial Statements. Question 5 1.5 pts What is Genesco's times interest earned? Round your response to THREE decimal places. DO NOT convert to a percent. Question 6 1.5 pts What is Genesco's free cash flow? Use unrounded numbers for all computations. For example, if the financial statements present numbers "in thousands," then multiply the amounts by $1,000 before use in computations. If the financial statements present numbers in millions," then multiply the amounts by $1,000,000 before use in computations. Enter your response as a whole number with no commas or dollar signs. If free cash flow is negative, enter as a negative number, such as - 340000. DO NOT convert to a percent

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

differentiate the function ( x + 1 ) / ( x ^ 3 + x - 6 )

Answered: 1 week ago