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VFC Price Correlated With Financials For VF

Free historical financial statements for VF Corp. See how revenue, income, cash flow, and balance sheet financials have changed over 50 quarters since 2010. Compare with VFC stock chart to see long term trends.

VFC Stock Compared to Quarterly

VFC Income Statement

Revenue, Net:2261595000
Revenue Per Share:5.8214
Cost of Goods & Services Sold:1042982000
Selling, General & Admin Expense:1155251000
Total Operating Expenses:2198233000
Operating Income:63362000
Income Taxes:-6654000
Net Income:-55960000
Earnings Per Share, Basic:-0.14
Shares Outstanding, Basic Avg:388494512

VFC Cash Flow

Operating Activities Net Income:
Depreciation, Depletion & Amortization:66754000
Change in Accounts Receiveable:-174125000
Net Cash from Operations:-358320000
Net Cash from Operations Per Share:-0.9223
Issuance of Long-term Debt:null
Cash Dividends Paid:194135000
Net Cash from Financing Activities:-261221000
Net Cash from Investing Activities:-69519000
Net Change in Cash & Equivalents:-748048000

VFC Balance Sheet

Cash and Cash Equivalents:529034000
Short-Term Investments:0
Accounts Receivable, Net:1249713000
Inventories:2341395000
Total Current Assets:4611706000
Property, Plant & Equipment, Net:1007853000
Total Assets:13211753000
Accounts Payable:1022755000
Current Portion of Long-Term Debt:null
Total Short-Term Liabilities:3463997000
Long Term Debt, Non-Current Portion:null
Total Liabilities:9859260000

Insider Trading

 
Change
Value
Transaction
SEC Form 4
Carucci Richard   Director
10,000 sh at $41
$414,420
Buy
MCMULLEN W RODNEY   Director
6,000 sh at $45
$268,572
Buy

Major Holders (from 13F filings)

Investment Type
Change
Value (x$1000)
increase or decrease
Pnc Financial Services Group, Inc.
77,454,084 sh
-24,188 sh
0%
$3,421,147
-$984,269
Vanguard Group Inc
41,143,689 sh
942,799 sh
2%
$1,817,316
-$468,506
Capital International Investors
34,769,449 sh
7,006,875 sh
25%
$1,535,789
-$42,825
Blackrock Inc.
25,972,191 sh
958,669 sh
4%
$1,147,193
-$275,077
State Street Corp
20,557,988 sh
2,478,177 sh
14%
$908,046
-$119,972
Charles Schwab Investment Management Inc
7,031,957 sh
541,936 sh
8%
$310,602
-$58,421
Diamond Hill Capital Management Inc
6,902,314 sh
-726,484 sh
-10%
$304,875
-$128,898
Geode Capital Management, LLC
6,459,876 sh
256,847 sh
4%
$284,985
-$67,048
Victory Capital Management Inc
5,369,645 sh
631,732 sh
13%
$237,178
-$29,684
Deutsche Bank Ag\
4,262,185 sh
376,014 sh
10%
$188,261
-$32,706
Alecta Pensionsforsakring, Omsesidigt
4,024,970 sh
-643,683 sh
-14%
$177,823
-$87,590
Parnassus Investments /Ca
3,511,101 sh
-489,525 sh
-12%
$155,085
-$72,391
Morgan Stanley
3,170,154 sh
1,477,589 sh
87%
$140,025
$43,786
Bank Of New York Mellon Corp
3,090,529 sh
72,332 sh
2%
$136,510
-$35,103
Legal & General Group Plc
2,990,880 sh
-76,642 sh
-2%
$132,108
-$42,311
Invesco Ltd.
2,956,479 sh
249,993 sh
9%
$130,588
-$23,302
Amundi
2,681,999 sh
135,711 sh
5%
$120,477
-$22,395
Capital World Investors
2,485,316 sh
-199,280 sh
-7%
$109,814
-$42,889
UBS Group Ag
2,473,636 sh
2,473,436 sh
1236720%
$109,261
$109,250
Janus Henderson Group Plc
2,304,300 sh
370,752 sh
19%
$101,785
-$8,154
COMPANY PROFILE
BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Fiscal Year

VF Corporation (together with its subsidiaries, collectively known as “VF” or the “Company”) uses a 52/53 week fiscal year ending on the Saturday closest to March 31 of each year. The Company's current fiscal year runs from April 3, 2022 through April 1, 2023 ("Fiscal 2023"). Accordingly, this Form 10-Q presents our first quarter of Fiscal 2023. For presentation purposes herein, all references to periods ended June 2022 and June 2021 relate to the fiscal periods ended on July 2, 2022 and July 3, 2021, respectively. References to March 2022 relate to information as of April 2, 2022.

Basis of Presentation

On June 28, 2021, VF completed the sale of its Occupational Workwear business. The Occupational Workwear business was comprised primarily of the following brands and businesses: Red Kap ® , VF Solutions ® , Bulwark ® , Workrite ® , Walls ® , Terra ® , Kodiak ® , Work Authority ® and Horace Small ® . The business also included the license of certain Dickies ® occupational workwear products that have historically been sold through the business-to-business channel. The results of the Occupational Workwear business and the related cash flows have been reported as discontinued operations in the Consolidated Statements of Operations and Consolidated Statements of Cash Flows, respectively, through the date of sale. These changes have been applied to all periods presented.

Unless otherwise noted, discussion within these notes to the interim consolidated financial statements relates to continuing operations. Refer to Note 4 for additional information on discontinued operations.

Certain prior year amounts have been reclassified to conform to the Fiscal 2023 presentation.

The accompanying unaudited interim consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X and do not include all of the information and notes required by generally accepted accounting principles in the United States of America (“GAAP”) for complete financial statements. Similarly, the March 2022 consolidated balance sheet data was derived from audited financial statements but does not include all disclosures required by GAAP. In the opinion of management, the accompanying unaudited interim consolidated financial statements contain all normal and recurring adjustments necessary to fairly state the consolidated financial position, results of operations and cash flows of VF for the interim periods presented. Operating results for the three months ended June 2022 are not necessarily indicative of results that may be expected for any other interim period or for Fiscal 2023. For

further information, refer to the consolidated financial statements and notes included in VF’s Annual Report on Form 10-K for the year ended April 2, 2022 (“Fiscal 2022 Form 10-K”).

Use of Estimates

In preparing the interim consolidated financial statements, management makes estimates and assumptions that affect amounts reported in the interim consolidated financial statements and accompanying notes. The duration and severity of the coronavirus ("COVID-19") pandemic and the conflict between Russia and Ukraine, and the impact on VF's business is subject to uncertainty; however, the estimates and assumptions made by management include those related to COVID-19 and the Russia-Ukraine conflict based on available information. Actual results may differ from those estimates.

Significant Accounting Policies

Supply Chain Financing Program

During the three months ended June 2022, VF reinstated its voluntary supply chain finance ("SCF") program. The SCF program enables a significant portion of our suppliers of inventory to leverage VF's credit rating to receive payment from participating financial institutions prior to the payment date specified in the terms between VF and the supplier. The SCF program is administered through third-party platf

Data imported from VF Corp SEC filings. Check original filings before making any investment decision.