2020 Q4 Form 10-K Financial Statement

#000105079721000014 Filed on February 25, 2021

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q3 2020 Q2
Revenue $915.6M $701.1M $316.6M
YoY Change -4.11% -22.68% -39.83%
Cost Of Revenue $452.6M $358.2M $170.4M
YoY Change -4.96% -22.15% -37.5%
Gross Profit $463.0M $342.9M $146.2M
YoY Change -3.26% -23.23% -42.34%
Gross Profit Margin 50.57% 48.91% 46.19%
Selling, General & Admin $345.0M $261.2M $217.7M
YoY Change 0.17% -12.72% -9.6%
% of Gross Profit 74.51% 76.17% 148.84%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $44.30M $36.40M $32.90M
YoY Change 34.65% 16.29% 15.44%
% of Gross Profit 9.57% 10.62% 22.5%
Operating Expenses $341.0M $261.2M $217.7M
YoY Change 0.29% -12.72% -9.6%
Operating Profit $122.0M $85.64M -$70.30M
YoY Change -11.99% -43.66% -529.58%
Interest Expense -$300.0K -$280.0K -$805.0K
YoY Change -400.0% -120.01% -131.31%
% of Operating Profit -0.25% -0.33%
Other Income/Expense, Net -$200.0K -$465.0K $935.0K
YoY Change -109.52% -17.41% -9.4%
Pretax Income $123.2M $84.90M -$70.17M
YoY Change -12.5% -44.46% -451.41%
Income Tax $27.50M $22.15M -$19.46M
% Of Pretax Income 22.32% 26.09%
Net Earnings $95.76M $62.75M -$50.71M
YoY Change -16.02% -47.38% -320.19%
Net Earnings / Revenue 10.46% 8.95% -16.02%
Basic Earnings Per Share $1.45 $0.95 -$0.77
Diluted Earnings Per Share $1.44 $0.94 -$0.77
COMMON SHARES
Basic Shares Outstanding 66.21M shares 66.18M shares 66.14M shares
Diluted Shares Outstanding 66.54M shares 66.14M shares

Balance Sheet

Concept 2020 Q4 2020 Q3 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $791.9M $314.5M $475.8M
YoY Change 15.15% 30.61% -9.25%
Cash & Equivalents $790.7M $313.4M $474.8M
Short-Term Investments $1.200M $1.100M $1.000M
Other Short-Term Assets $54.20M $82.20M $102.6M
YoY Change -42.28% -12.83% 1.79%
Inventory $556.5M $771.7M $806.9M
Prepaid Expenses
Receivables $452.9M $479.4M $217.5M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.856B $1.648B $1.603B
YoY Change -1.07% -3.01% -3.57%
LONG-TERM ASSETS
Property, Plant & Equipment $309.8M $322.2M $328.9M
YoY Change -10.63% -7.77% 5.1%
Goodwill $68.59M $68.59M $68.59M
YoY Change 0.0% 0.0% 0.0%
Intangibles $103.6M $121.5M $122.1M
YoY Change -16.21% -2.31% -2.38%
Long-Term Investments
YoY Change
Other Assets $63.64M $63.95M $61.11M
YoY Change 45.77% 58.92% 44.21%
Total Long-Term Assets $981.0M $1.005B $1.020B
YoY Change -7.09% -4.53% 1.93%
TOTAL ASSETS
Total Short-Term Assets $1.856B $1.648B $1.603B
Total Long-Term Assets $981.0M $1.005B $1.020B
Total Assets $2.837B $2.652B $2.622B
YoY Change -3.24% -3.59% -1.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $206.7M $164.3M $255.7M
YoY Change -19.06% -18.57% -17.5%
Accrued Expenses $257.3M $257.0M $203.8M
YoY Change -13.0% -8.18% 1.5%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $2.800M
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $552.6M $499.6M $535.8M
YoY Change -12.41% -10.49% -7.29%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $42.87M $36.45M $28.97M
YoY Change 71.93% 58.61% 28.89%
Total Long-Term Liabilities $42.87M $36.45M $28.97M
YoY Change 71.93% 58.61% 28.89%
TOTAL LIABILITIES
Total Short-Term Liabilities $552.6M $499.6M $535.8M
Total Long-Term Liabilities $42.87M $36.45M $28.97M
Total Liabilities $1.004B $929.5M $969.6M
YoY Change -7.24% -7.42% -3.74%
SHAREHOLDERS EQUITY
Retained Earnings $1.812B $1.716B $1.653B
YoY Change -2.01% -2.19% -0.19%
Common Stock $20.17M $13.14M $5.396M
YoY Change 308.45% 5296.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.833B $1.723B $1.653B
YoY Change
Total Liabilities & Shareholders Equity $2.837B $2.652B $2.622B
YoY Change -3.24% -3.59% -1.5%

Cashflow Statement

Concept 2020 Q4 2020 Q3 2020 Q2
OPERATING ACTIVITIES
Net Income $95.76M $62.75M -$50.71M
YoY Change -16.02% -47.38% -320.19%
Depreciation, Depletion And Amortization $44.30M $36.40M $32.90M
YoY Change 34.65% 16.29% 15.44%
Cash From Operating Activities $474.1M -$160.7M -$50.10M
YoY Change -1.98% -19.97% -10.54%
INVESTING ACTIVITIES
Capital Expenditures -$3.600M -$4.200M -$11.50M
YoY Change -81.05% -92.18% -55.08%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $35.00M
YoY Change -100.0% -74.17%
Cash From Investing Activities -$3.600M -$4.200M $23.50M
YoY Change -81.05% -105.04% -78.62%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 600.0K -600.0K -173.2M
YoY Change -103.06% -97.68% 74.77%
NET CHANGE
Cash From Operating Activities 474.1M -160.7M -50.10M
Cash From Investing Activities -3.600M -4.200M 23.50M
Cash From Financing Activities 600.0K -600.0K -173.2M
Net Change In Cash 471.1M -165.5M -199.8M
YoY Change 5.84% 15.41% 342.04%
FREE CASH FLOW
Cash From Operating Activities $474.1M -$160.7M -$50.10M
Capital Expenditures -$3.600M -$4.200M -$11.50M
Free Cash Flow $477.7M -$156.5M -$38.60M
YoY Change -4.97% 6.39% 26.97%

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CY2020 us-gaap Nature Of Operations
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<div style="margin-top:5pt;text-align:justify"><span style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Nature of the Business</span></div><div style="margin-top:5pt;text-align:justify"><span style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Columbia Sportswear Company connects active people with their passions through its four well-known brands, Columbia, SOREL, Mountain Hardwear, and prAna, by designing, developing, marketing, and distributing its outdoor, active and everyday lifestyle apparel, footwear, accessories, and equipment products to meet the diverse needs of its customers and consumers.</span></div>
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98000000.0 USD
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400000 USD
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1650000 USD
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1650000 USD
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0 USD
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CY2019 us-gaap Standard Product Warranty Accrual Warranties Issued
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5152000 USD
CY2018 us-gaap Standard Product Warranty Accrual Warranties Issued
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CY2019 us-gaap Standard Product Warranty Accrual Payments
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3810000 USD
CY2018 us-gaap Standard Product Warranty Accrual Payments
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374000 USD
CY2019 us-gaap Standard Product Warranty Accrual Foreign Currency Translation Gain Loss
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CY2020Q4 us-gaap Standard Product Warranty Accrual
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14745000 USD
CY2019Q4 us-gaap Standard Product Warranty Accrual
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14466000 USD
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CY2019 us-gaap Variable Lease Cost
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9600000 USD
CY2019 us-gaap Short Term Lease Cost
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CY2019 us-gaap Lease Cost
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7000000.0 USD
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0 USD
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22416000 USD
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6400000 USD
CY2019 colm Decrease In Operating Lease Right Of Use Assets
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783000 USD
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P6Y1M28D
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P6Y9M14D
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0.0372
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0.0382
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CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due
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54662000 USD
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CY2020Q4 colm Lesse Operating Lease Lease Not Yet Commenced Assumption And Judgment Value Of Underlying Asset Amount
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3900000 USD
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405429000 USD
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360717000 USD
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CY2019 us-gaap Current Foreign Tax Expense Benefit
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CY2018 us-gaap Current Foreign Tax Expense Benefit
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CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.001
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CY2020 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
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CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
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CY2018 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
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CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies Other
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0
CY2018 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies Other
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CY2020 us-gaap Effective Income Tax Rate Continuing Operations
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6078000 USD
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5013000 USD
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23660000 USD
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29358000 USD
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32293000 USD
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2418000 USD
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2304000 USD
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2258000 USD
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151754000 USD
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CY2019Q4 us-gaap Deferred Tax Assets Valuation Allowance
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19008000 USD
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19847000 USD
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3610000 USD
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162000 USD
CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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906000 USD
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4991000 USD
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2300000 USD
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1818000 USD
CY2020 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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0 USD
CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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1464000 USD
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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319000 USD
CY2020 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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632000 USD
CY2019 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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1064000 USD
CY2018 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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982000 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits
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14493000 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits
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12478000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits
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11064000 USD
CY2020Q4 colm Changein Unrecognized Tax Benefit Reasonably Possible Low Range
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0 USD
CY2020Q4 colm Changein Unrecognized Tax Benefit Reasonably Possible High Range
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5400000 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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13600000 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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11500000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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9100000 USD
CY2020 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
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