XML 44 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Income Statements (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended
May 03, 2015
May 04, 2014
Income Statement [Abstract]    
Net sales $ 1,785.1us-gaap_SalesRevenueGoodsNet [1] $ 1,871.5us-gaap_SalesRevenueGoodsNet
Royalty revenue 74.2us-gaap_RoyaltyRevenue [1] 69.4us-gaap_RoyaltyRevenue
Advertising and other revenue 20.0pvh_AdvertisingRevenueAndOtherSalesRevenueNet [1] 22.8pvh_AdvertisingRevenueAndOtherSalesRevenueNet
Total revenue 1,879.3us-gaap_SalesRevenueNet [1] 1,963.7us-gaap_SalesRevenueNet
Cost of goods sold 893.7us-gaap_CostOfGoodsSold 930.5us-gaap_CostOfGoodsSold
Gross profit 985.6us-gaap_GrossProfit 1,033.2us-gaap_GrossProfit
Selling, general and administrative expenses 814.9us-gaap_SellingGeneralAndAdministrativeExpense 859.1us-gaap_SellingGeneralAndAdministrativeExpense
Debt modification and extinguishment costs 0pvh_DebtModificationAndExtinguishmentCosts 93.1pvh_DebtModificationAndExtinguishmentCosts
Equity in net income of unconsolidated affiliates 6.1us-gaap_IncomeLossFromEquityMethodInvestments 3.5us-gaap_IncomeLossFromEquityMethodInvestments
Income before interest and taxes 176.8pvh_IncomeBeforeInterestAndTaxesIncludingEquityMethodInvestments 84.5pvh_IncomeBeforeInterestAndTaxesIncludingEquityMethodInvestments
Interest expense 30.9us-gaap_InterestExpense 42.1us-gaap_InterestExpense
Interest income 1.1us-gaap_InvestmentIncomeInterest 1.5us-gaap_InvestmentIncomeInterest
Income before taxes 147.0us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 43.9us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax expense 32.9us-gaap_IncomeTaxExpenseBenefit 8.7us-gaap_IncomeTaxExpenseBenefit
Net Income 114.1us-gaap_ProfitLoss 35.2us-gaap_ProfitLoss
Less: Net loss attributable to redeemable non-controlling interest 0us-gaap_NetIncomeLossAttributableToRedeemableNoncontrollingInterest (0.1)us-gaap_NetIncomeLossAttributableToRedeemableNoncontrollingInterest
Net income attributable to PVH Corp. $ 114.1us-gaap_NetIncomeLoss $ 35.3us-gaap_NetIncomeLoss
Basic net income per common share attributable to PVH Corp. $ 1.38us-gaap_EarningsPerShareBasic $ 0.43us-gaap_EarningsPerShareBasic
Diluted net income per common share attributable to PVH Corp. $ 1.37us-gaap_EarningsPerShareDiluted $ 0.42us-gaap_EarningsPerShareDiluted
Dividends declared per common share $ 0.0750us-gaap_CommonStockDividendsPerShareDeclared $ 0.0375us-gaap_CommonStockDividendsPerShareDeclared
[1] Revenue for the thirteen weeks ended May 3, 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.