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CONSOLIDATED INCOME STATEMENTS - USD ($)
$ in Millions
12 Months Ended
Feb. 03, 2019
Feb. 04, 2018
Jan. 29, 2017
Total revenue [1],[2] $ 9,656.8 $ 8,914.8 $ 8,203.1
Cost of goods sold (exclusive of depreciation and amortization) 4,348.5 4,020.4 3,832.8
Gross profit 5,308.3 4,894.4 4,370.3
Selling, general and administrative expenses 4,432.8 4,245.2 3,677.9
Non-service related pension and postretirement cost (income) 5.1 3.0 (41.2)
Debt modification and extinguishment costs 0.0 23.9 15.8
Other noncash gain, net 0.0 0.0 71.3
Equity in net income of unconsolidated affiliates 21.3 10.1 0.1
Income before interest and taxes [3] 891.7 632.4 789.2
Interest expense 120.8 128.5 120.9
Interest income 4.7 6.3 5.9
Income before taxes 775.6 510.2 674.2
Income tax expense (benefit) 31.0 (25.9) 125.5
Net income 744.6 536.1 548.7
Less: Net loss attributable to redeemable non-controlling interest (1.8) (1.7) (0.3)
Net income attributable to PVH Corp. $ 746.4 $ 537.8 $ 549.0
Basic net income per common share attributable to PVH Corp. $ 9.75 $ 6.93 $ 6.84
Diluted net income per common share attributable to PVH Corp. $ 9.65 $ 6.84 $ 6.79
Net sales      
Total revenue $ 9,154.2 $ 8,439.4 $ 7,791.4
Royalty revenue      
Total revenue 375.9 366.3 320.6
Advertising and other revenue      
Total revenue $ 126.7 $ 109.1 $ 91.1
[1] No single customer accounted for more than 10% of the Company’s revenue in 2018, 2017 or 2016.
[2] 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 Item 7 of this report for further discussion.
[3] 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 Item 7 of this report for further discussion.