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Consolidated Income Statements - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Aug. 05, 2018
Jul. 30, 2017
Aug. 05, 2018
Jul. 30, 2017
Total revenue [1] $ 2,333.7 $ 2,069.9 $ 4,648.3 $ 4,058.9
Cost of goods sold (exclusive of depreciation and amortization) 1,036.7 922.6 2,060.3 1,830.8
Gross profit 1,297.0 1,147.3 2,588.0 2,228.1
Selling, general and administrative expenses 1,071.5 971.0 2,124.5 1,931.9
Non-service related pension and postretirement (income) cost (2.6) (2.5) (5.1) 4.6
Equity in net income of unconsolidated affiliates 3.3 1.7 7.1 2.1
Income before interest and taxes [2] 231.4 180.5 475.7 293.7
Interest expense 30.3 30.9 59.7 61.3
Interest income 1.2 1.2 2.2 2.9
Income before taxes 202.3 150.8 418.2 235.3
Income tax expense 37.6 31.4 74.6 45.8
Net Income 164.7 119.4 343.6 189.5
Less: Net loss attributable to redeemable non-controlling interest (0.5) (0.3) (1.0) (0.6)
Net income attributable to PVH Corp. $ 165.2 $ 119.7 $ 344.6 $ 190.1
Basic net income per common share attributable to PVH Corp. $ 2.15 $ 1.54 $ 4.47 $ 2.44
Diluted net income per common share attributable to PVH Corp. 2.12 1.52 4.42 2.41
Dividends declared per common share $ 0.0375 $ 0.0375 $ 0.1125 $ 0.1125
Net sales        
Total revenue $ 2,223.2 $ 1,963.5 $ 4,416.7 $ 3,838.5
Royalty revenue        
Total revenue 81.5 81.4 170.9 168.7
Advertising and Other Sales, Net [Member]        
Total revenue $ 29.0 $ 25.0 $ 60.7 $ 51.7
[1] Revenue was impacted by fluctuations 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 Part I, Item 2 of this report for further discussion.
[2] Income (loss) before interest and taxes was impacted by fluctuations 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 Part I, Item 2 of this report for further discussion.