coh valuation model
TRANSCRIPT
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7/30/2019 COH Valuation Model
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1.0% Dividend Disco
WACC 8.6% FCFF Model
Perpetuity Growth Rate 2.0% EBITDA Model
Shares Outstanding 294.129000
Tax Rate 35.0%
Cost of Debt 4.6%
Investment Return 0.5%
Coach Proforma Statement of Cash Flows
2001 2002 2003
Revenue $600.5 $719.4 $953.2
Other Revenue - - -
Total Revenue $600.5 $719.4 $953.2Cost Of Goods Sold $218.5 $236.0 $275.8
Gross Profit $382.0 $483.4 $677.4
Selling General & Admin Exp. $275.7 $347.8 $435.2
R & D Exp. - - -
Depreciation & Amort. - - -
Other Operating Expense/(Income) - - -
Other Operating Exp., Total $275.7 $347.8 $435.2
Operating Income $106.3 $135.6 $242.3
Interest Expense -$2.6 -$1.1 -$0.7Interest and Invest. Income $0.3 $0.8 $1.8
Net Interest Exp. -$2.3 -$0.3 $1.1
Other Non-Operating Inc. (Exp.) - - -
EBT Excl. Unusual Items $104.0 $135.3 $243.3
Restructuring Charges -$4.6 -$3.4 -
Impairment of Goodwill - - -
Insurance Settlements - $1.4 $1.5
Other Unusual Items - - -
EBT Incl. Unusual Items -$4.6 -$2.0 $1.5
Income Tax Expense $35.4 $47.3 $90.6
Earnings from Cont. Ops. $64.0 $86.0 $154.2
Earnings of Discontinued Ops. - - -
Extraord. Item & Account. Change - - -
Net Income to Company $64.0 $86.0 $154.2
Minority Int. in Earnings - -$0.2 -$7.6
Net Income $64.0 $85.8 $146.6
19.8% 32.5%34.2% 70.9%
63.6% 67.2% 71.1%
17.7% 18.8% 25.4%
20.1% 21.9% 28.1%
15.8% 7.3% 17.3%
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Inventory $105.2 $136.4 $143.8
Prepaid Exp. $8.2 $12.2 $18.8
Deferred Tax Assets, Curr. $13.9 $14.1 $21.3
Other Current Assets - - -Total Current Assets $151.6 $287.6 $448.5
Gross Property, Plant & Equipment $202.4 $237.6 $291.8
Accumulated Depreciation -$130.1 -$147.0 -$173.3
Net Property, Plant & Equipment $72.3 $90.6 $118.5
Long-term Investments - - -
Goodwill $4.9 $13.0 $13.0
Other Intangibles $9.4 $9.4 $9.4
Deferred Tax Assets, LT $19.1 $25.0 $9.1
Deferred Charges, LT - - -
Other Long-Term Assets $1.4 $15.0 $19.1
Total Long Term Asests $34.8 $62.4 $50.6
Total Assets $258.7 $440.5 $617.6
LIABILITIESAccounts Payable $14.3 $25.8 $26.6
Accrued Exp. $72.4 $86.3 $99.9
Short-term Borrowings $7.7 $34.2 $26.5
Curr. Port. of LT Debt $0.0 $0.1 $0.1
Curr. Income Taxes Payable $10.0 $13.0 $8.3
Other Current Liabilities - - -
Total Current Liabilities $104.4 $159.4 $161.5
Long-Term Debt $3.7 $3.6 $3.5Def. Tax Liability, Non-Curr. - - -
Other Non-Current Liabilities $2.3 $2.6 $3.6
Total Long Term Liabilities $5.9 $6.2 $7.1
Total Liabilities $110.4 $165.7 $168.6
Common Stock $0.9 $0.9 $1.8
Additional Paid In Capital $125.3 $155.4 $214.5
Retained Earnings $22.7 $105.5 $217.6
Treasury Stock - - -
Comprehensive Inc. and Other -$0.5 -$1.5 -$7.0
Total Common Equity $148.3 $260.3 $426.9
Minority Interest - $14.5 $22.2
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Net Income $64.0 $85.8 $146.6
Depreciation & Amort. $23.2 $25.5 $31.4
Amort. of Goodwill and Intangibles $0.9 - -
Depreciation & Amort., Total $24.1 $25.5 $31.4
Minority Int. in Earnings - $0.2 $7.6
Asset Writedown & Restructuring Costs $4.6 $3.4 -
Stock-Based Compensation - - -
Tax Benefit from Stock Options $1.4 $13.8 $41.5
Provision & Write-off of Bad debts - - -
Other Operating Activities -$6.0 -$3.5 $7.8
Change in Acc. Receivable -$5.0 -$5.9 -$4.5
Change In Inventories -$3.1 -$16.6 -$7.4
Change in Acc. Payable $6.4 $8.7 $0.8
Change in Other Net Operating Assets $37.8 -$3.4 $2.6
Cash from Ops. $124.3 $107.9 $226.4
Capital Expenditure -$31.9 -$42.8 -$61.9
Sale of Property, Plant, and Equipment $0.8 $1.6 $0.0
Cash Acquisitions - -$14.8 -
Divestitures - - -
Invest. in Marketable & Equity Securt. - - -Net (Inc.) Dec. in Loans Originated/Sold - - -
Other Investing Activities - - -
Cash from Investing -$31.1 -$56.0 -$61.9
Short Term Debt Issued - $200.0 $63.2
Long-Term Debt Issued $519.8 - -
Total Debt Issued $519.8 $200.0 $63.2
Short Term Debt Repaid - -$187.0 -$70.9
Long-Term Debt Repaid -$733.6 $0.0 -$0.1Total Debt Repaid -$733.6 -$187.0 -$70.9
Issuance of Common Stock $124.0 $20.8 $28.4
Repurchase of Common Stock - -$9.8 -$49.9
Common Dividends Paid - - -
Total Dividends Paid - - -
Special Dividend Paid - - -
Other Financing Activities - $14.4 -
Cash from Financing -$89.7 $38.3 -$29.3
Foreign Exchange Rate Adj. - - -
Net Change in Cash $3.5 $90.3 $135.2
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7.5%
8.5%
9.5%
10.5%
Discounted Cash Flow ModelCFO + CFI $93.2 $51.9 $164.5
+ interest adjustment $1.7 $0.7 $0.5
Free Cash Flow (after interest) $94.9 $52.6 $165.0
Discounted Free Cash Flow
Cumulative Discounted FCF $73.7
Theoretical Price $73.7 5.5%
6.5%
7.5%
8.5%
9.5%
10.5%
EBITDA Multiple Model
EBITDA $120.9 $157.5 $267.9
Exit Multiple 10.0x
PV of FCFF & Terminal EBITDA $79.6
Cumulative Discounted FCF 5.5%
Theoretical Price $79.6 6.5%7.5%
8.5%
9.5%
10.5%
52 Week High / L Week High / Low
9.6x 15.3x Public Comparabl - 15x 2012 EBITDA
FCFF Valuation
Gordon Growth M blic Comparables10.5x 12.0x 10.5x - 12x 2012 EBITDA
FCFF Valuation
Gordon Growth Model
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nt Model $73.2
$73.7
$79.6
2004 2005 2006 2007 2008 2009 2010
$1,321.1 $1,651.7 $2,035.1 $2,612.5 $3,180.8 $3,230.5 $3,607.6
- - - - - - -
$1,321.1 $1,651.7 $2,035.1 $2,612.5 $3,180.8 $3,230.5 $3,607.6$331.0 $384.2 $453.5 $589.5 $773.7 $907.9 $973.9
$990.1 $1,267.6 $1,581.6 $2,023.0 $2,407.1 $2,322.6 $2,633.7
$587.4 $734.5 $868.9 $1,029.6 $1,260.0 $1,345.7 $1,483.5
- - - - - - -
- - - - - - $126.7
- - - - - - -
$587.4 $734.5 $868.9 $1,029.6 $1,260.0 $1,345.7 $1,610.3
$402.6 $533.0 $712.7 $993.4 $1,147.1 $976.9 $1,023.4
- - - - - - -$3.2 $15.8 $32.6 $41.3 $47.8 $10.8 $8.0
$3.2 $15.8 $32.6 $41.3 $47.8 $10.8 $8.0
- - - - - - -
$405.8 $548.8 $745.3 $1,034.7 $1,194.9 $987.7 $1,031.4
- - - - - -$5.0 -
- - - - - - -
$2.7 $2.6 $2.0 - - - -
- - - - - - -
$2.7 $2.6 $2.0 $0.0 $0.0 -$5.0 $0.0
$152.5 $201.1 $283.5 $398.1 $411.9 $359.3 $423.2
$256.0 $350.3 $463.8 $636.5 $783.0 $623.4 $608.2
- $22.0 $30.4 $27.1 $0.0 - -
- - - - - - -
$256.0 $372.3 $494.3 $663.7 $783.1 $623.4 $608.2
-$18.0 -$13.6 - - - - -
$238.0 $358.7 $494.3 $663.7 $783.1 $623.4 $608.2
38.6% 25.0% 23.2% 28.4% 21.8% 1.6% 11.7%62.3% 50.7% 37.8% 34.3% 18.0% -20.4% -2.4%
74.9% 76.7% 77.7% 77.4% 75.7% 71.9% 73.0%
30.5% 32.3% 35.0% 38.0% 36.1% 30.2% 28.4%
32.6% 36.9% 41.4% 43.7% 40.7% 34.2% 32.1%
-1.2% 6.3% 20.4% 15.5% 43.0% 16.9% 22.4%
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$161.9 $184.4 $233.5 $291.2 $318.5 $326.1 $363.3
$19.0 $24.1 $38.4 $16.1 $65.6 $48.3 $30.4
$34.5 $50.8 $78.0 $68.3 $70.1 $49.5 $77.4
- $1.5 $2.6 $70.9 $99.4 $63.4 $26.2$705.6 $709.4 $974.5 $1,740.2 $1,359.2 $1,396.4 $1,302.6
$371.9 $421.1 $515.3 $599.5 $754.8 $978.0 $1,033.6
-$207.6 -$217.2 -$216.8 -$231.1 -$290.5 -$385.0 -$485.1
$164.3 $203.9 $298.5 $368.4 $464.3 $593.0 $548.5
$130.0 $122.1 - - $8.0 $6.0 -
$13.6 $238.7 $227.8 $213.8 $249.1 $283.4 $305.9
$9.8 $12.1 $12.0 $11.9 $9.8 $9.8 $9.8
- $54.5 $84.1 $86.0 $81.3 $159.1 $156.5
- - - - - $17.7 -
$21.1 $29.5 $29.6 $29.2 $75.7 $99.0 $143.9
$174.5 $456.9 $353.5 $340.9 $423.9 $574.9 $616.0
$1,044.4 $1,370.2 $1,626.5 $2,449.5 $2,247.4 $2,564.4 $2,467.1
$44.8 $65.0 $79.8 $109.3 $134.7 $103.0 $105.6
$106.9 $136.2 $171.6 $209.5 $266.6 $287.7 $377.9
$1.7 $12.3 - - - $7.5 -
$0.1 $0.2 $0.2 $0.2 $0.3 $0.5 $0.7
$16.7 $52.0 $69.0 $56.5 - - -
- - $21.2 $32.5 $49.4 $60.9 $44.8
$170.2 $265.7 $341.8 $408.0 $450.9 $459.7 $529.0
$3.4 $3.3 $3.1 $2.9 $2.6 $25.1 $24.2$15.8 $4.5 $31.7 $36.4 $25.4 - -
$32.5 $40.8 $61.2 $91.8 $278.1 $383.6 $408.6
$51.7 $48.6 $96.0 $131.2 $306.0 $408.6 $432.8
$221.9 $314.2 $437.8 $539.2 $757.0 $868.3 $961.8
$3.8 $3.8 $3.7 $3.7 $3.4 $3.2 $3.0
$355.1 $566.3 $775.2 $978.7 $1,115.0 $1,189.1 $1,503.0
$430.5 $485.0 $417.1 $940.8 $353.1 $500.0 -$30.1
- - - - - - -
-$7.1 $0.9 -$7.3 -$12.8 $18.8 $3.9 $29.4
$782.3 $1,055.9 $1,188.7 $1,910.3 $1,490.4 $1,696.0 $1,505.2
$40.2 - - - - - -
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$237.9 $358.6 $494.3 $663.7 $783.1 $623.4 $734.9
$40.1 $50.4 $65.0 $80.8 $100.7 $123.0 $126.7
- - - - - - -
$40.1 $50.4 $65.0 $80.8 $100.7 $123.0 $126.7
$18.0 $13.6 - - - - -
- - - - - - -
$43.6 $55.9 $69.2 $56.7 $67.0 $67.5 $81.4
-$95.2 -$68.7 -$99.3 -$65.1 -$23.3 $0.9 -$27.6
- $0.0 $0.3 $1.8 $0.3 $0.9 -$0.7
$10.9 -$59.5 -$39.1 $5.3 -$10.1 $23.8 -$27.6
-$20.3 -$9.7 -$20.2 -$28.1 $8.2 $3.3 $4.3
-$18.1 -$22.5 -$51.7 -$63.9 -$32.1 $4.1 -$33.9
$18.1 $20.2 $15.7 $31.2 $20.4 -$37.0 $1.0
$124.2 $137.2 $162.3 $98.7 $9.1 -$0.7 $132.2
$359.3 $475.6 $596.4 $781.2 $923.3 $809.2 $990.8
-$73.7 -$94.6 -$133.4 -$140.6 -$174.7 -$240.3 -$81.1
$0.1 $0.0 - $0.0 - - -
- - - - - -$24.4 -$1.2
- - - - - - -
-$301.7 -$277.3 -$47.3 -$235.2 $620.2 - -$99.9- - - - - - -
- - - - - - -
-$375.3 -$371.9 -$180.7 -$375.8 $445.5 -$264.7 -$182.2
$168.9 $359.5 - - - $7.5 -
- - - - - - -
$168.9 $359.5 - - - $7.5 -
-$193.6 -$348.9 -$11.7 - - - -$7.5
-$0.1 -$0.1 -$0.2 -$0.2 -$0.2 -$0.3 -$0.7-$193.7 -$349.0 -$11.9 -$0.2 -$0.2 -$0.3 -$8.2
$34.1 $46.8 $86.6 $112.1 $83.3 $7.4 $213.3
-$55.0 -$265.0 -$600.3 -$150.0 -$1,336.6 -$453.8 -$1,150.0
- - - - - - -$94.3
- - - - - - -$94.3
- - - - - - -
$95.2 -$4.3 $99.3 $48.4 $23.3 -$0.9 $19.3
$49.6 -$211.9 -$426.3 $10.4 -$1,230.3 -$440.1 -$1,019.9
- - -$0.6 -$2.2 $3.4 -$2.9 $7.4
$33.5 -$108.2 -$11.2 $413.6 $141.9 $101.5 -$203.9
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$82.3 $93.4 $109.3 $134.4 $179.6
$70.1 $77.7 $88.1 $103.0 $126.5
$60.8 $66.3 $73.4 $83.1 $97.1
$53.5 $57.5 $62.7 $69.3 $78.5
-$16.0 $103.7 $415.7 $405.4 $1,368.7 $544.5 $808.6
$0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0
-$16.0 $103.7 $415.7 $405.4 $1,368.7 $544.5 $808.6
1.0% 2.0% 3.0% 4.0% 5.0%
$124.2 $153.0 $204.7 $325.5 $929.3
$99.8 $116.9 $143.8 $192.2 $305.3
$82.9 $94.0 $110.0 $135.2 $180.6
$70.6 $78.2 $88.6 $103.7 $127.3
$61.2 $66.7 $73.9 $83.6 $97.7
$53.9 $58.0 $63.1 $69.8 $79.0
$430.6 $610.2 $842.8 $1,142.6 $1,295.7 $1,105.7 $1,158.1
7.0x 8.0x 9.0x 10.0x 11.0x 12.0x
$78.9 $86.1 $93.4 $100.7 $108.0 $115.2
$73.9 $80.7 $87.4 $94.2 $100.9 $107.7$69.3 $75.6 $81.9 $88.1 $94.4 $100.7
$65.1 $70.9 $76.7 $82.6 $88.4 $94.2
$61.2 $66.6 $72.0 $77.4 $82.8 $88.2
$57.6 $62.6 $67.6 $72.7 $77.7 $82.7
$29.7
$49.3 $79.0 Week High / Lo $49.3
$29.7
$10.6 Public Comparables $73.9$73.9 $84.5 $10.6
$10.6 FCFF Valuation $73.6
$73.6 $84.1 $10.6
Gordon Growth Model $73.1
$11.1 $11.1
$73.1 $84.1 Current Price $56.6
$40
$50
$60
$70
$80
$90
Valuatio
52 Week High / Low Public Com
Gordon Growth Model Current Pri
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Actual Actual Estimate Estimate Estimate Estimate Estimate Estimate Estimate
2011 2012 2013 2014 2015 2016 2017 2018 2019
$4,158.5 $4,763.2 $5,334.8 $5,921.6 $6,573.0 $7,296.0 $8,025.6 $8,667.6 $9,361.0
- - $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0
$4,158.5 $4,763.2 $5,334.8 $5,921.6 $6,573.0 $7,296.0 $8,025.6 $8,667.6 $9,361.0$1,135.0 $1,297.1 $1,547.1 $1,598.8 $1,774.7 $1,969.9 $2,126.8 $2,296.9 $2,480.7
$3,023.5 $3,466.1 $3,787.7 $4,322.8 $4,798.3 $5,326.1 $5,898.8 $6,370.7 $6,880.4
$1,718.6 $1,956.3 $2,240.6 $2,487.1 $2,727.8 $3,027.8 $3,290.5 $3,553.7 $3,838.0
- - $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0
$115.3 $123.1 $99.9 $124.9 $156.1 $174.8 $195.8 $215.4 $236.9
- -$2.2 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0
$1,833.9 $2,077.2 $2,340.5 $2,611.9 $2,883.9 $3,202.6 $3,486.3 $3,769.1 $4,074.9
$1,189.6 $1,388.9 $1,447.2 $1,710.8 $1,914.4 $2,123.4 $2,412.5 $2,601.6 $2,805.4
- - -$0.5 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0$1.0 $0.7 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0
$1.0 $0.7 -$0.5 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0
-$4.7 -$7.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0
$1,185.9 $1,382.6 $1,446.7 $1,710.8 $1,914.4 $2,123.4 $2,412.5 $2,601.6 $2,805.4
- - $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0
- - $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0
- - $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0
- - $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0
$0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0$420.4 $466.8 $506.3 $598.8 $670.0 $743.2 $844.4 $910.6 $981.9
$765.5 $915.8 $940.3 $1,112.0 $1,244.4 $1,380.2 $1,568.1 $1,691.1 $1,823.5
- - $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0
- - $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0
$765.5 $915.8 $940.3 $1,112.0 $1,244.4 $1,380.2 $1,568.1 $1,691.1 $1,823.5
- - $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0
$765.5 $915.8 $940.3 $1,112.0 $1,244.4 $1,380.2 $1,568.1 $1,691.1 $1,823.5
15.3% 14.5% 12.0% 11.0% 11.0% 11.0% 10.0% 8.0% 8.0%
25.9% 19.6% 2.7% 18.3% 11.9% 10.9% 13.6% 7.8% 7.8%
72.7% 72.8% 71.0% 73.0% 73.0% 73.0% 73.5% 73.5% 73.5%
28.6% 29.2% 27.1% 28.9% 29.1% 29.1% 30.1% 30.0% 30.0%
31.5% 31.8% 29.0% 31.0% 31.5% 31.5% 32.5% 32.5% 32.5%
23.4% 20.2% 11.1% 13.1% 12.2% 15.8% 16.6% 17.3% 17.3%
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$421.8 $504.5 $614.6 $635.2 $705.0 $782.6 $844.9 $912.5 $985.5
$38.2 $39.4 $53.3 $59.2 $65.7 $73.0 $80.3 $86.7 $93.6
$93.9 $95.4 $96.4 $97.3 $98.3 $99.3 $100.3 $101.3 $102.3
$53.5 $73.6 $73.6 $73.6 $73.6 $73.6 $73.6 $73.6 $73.6$1,452.4 $1,804.5 $1,983.5 $2,044.3 $2,157.8 $2,282.7 $2,392.8 $2,503.9 $2,623.0
$1,165.9 $1,331.9 $1,664.8 $2,081.0 $2,601.3 $2,913.4 $3,263.0 $3,589.3 $3,948.3
-$583.5 -$687.4 -$787.3 -$912.2 -$1,068.2 -$1,243.0 -$1,438.8 -$1,654.2 -$1,891.1
$582.4 $644.5 $877.5 $1,168.9 $1,533.1 $1,670.4 $1,824.2 $1,935.2 $2,057.2
- - $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0
$331.0 $376.0 $376.0 $376.0 $376.0 $376.0 $376.0 $376.0 $376.0
$9.8 $9.8 $9.8 $9.8 $9.8 $9.8 $9.8 $9.8 $9.8
$103.7 $95.2 $95.2 $95.2 $95.2 $95.2 $95.2 $95.2 $95.2
- - $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0
$155.9 $174.3 $174.3 $174.3 $174.3 $174.3 $174.3 $174.3 $174.3
$600.4 $655.3 $655.3 $655.3 $655.3 $655.3 $655.3 $655.3 $655.3
$2,635.1 $3,104.3 $3,516.4 $3,868.5 $4,346.2 $4,608.4 $4,872.4 $5,094.4 $5,335.6
$118.6 $155.4 $211.9 $219.0 $243.1 $269.9 $291.3 $314.6 $339.8
$408.4 $454.6 $454.6 $454.6 $454.6 $454.6 $454.6 $454.6 $454.6
- - $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0
$0.8 $22.4 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0
- - $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0
$65.3 $85.8 $85.8 $85.8 $85.8 $85.8 $85.8 $85.8 $85.8
$593.0 $718.2 $752.3 $759.4 $783.5 $810.2 $831.7 $855.0 $880.2
$23.4 $1.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0- - $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0
$406.2 $392.2 $392.2 $392.2 $392.2 $392.2 $392.2 $392.2 $392.2
$429.5 $393.2 $392.2 $392.2 $392.2 $392.2 $392.2 $392.2 $392.2
$1,022.5 $1,111.4 $1,144.6 $1,151.7 $1,175.8 $1,202.5 $1,224.0 $1,247.3 $1,272.5
$2.9 $2.9 $2.9 $2.9 $2.9 $2.9 $2.9 $2.9 $2.9
$2,000.4 $2,327.1 $2,327.1 $2,327.1 $2,327.1 $2,327.1 $2,327.1 $2,327.1 $2,327.1
-$445.7 -$387.5 $317.7 $1,151.8 $2,085.0 $3,120.2 $4,296.3 $5,564.6 $6,932.3- - -$326.4 -$815.4 -$1,295.1 -$2,094.7 -$3,028.3 -$4,098.0 -$5,249.6
$54.9 $50.5 $50.5 $50.5 $50.5 $50.5 $50.5 $50.5 $50.5
$1,612.5 $1,992.9 $2,371.8 $2,716.8 $3,170.4 $3,405.9 $3,648.4 $3,847.0 $4,063.1
- - $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0
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$880.8 $1,038.9 $940.3 $1,112.0 $1,244.4 $1,380.2 $1,568.1 $1,691.1 $1,823.5
$115.3 $123.1 $99.9 $124.9 $156.1 $174.8 $195.8 $215.4 $236.9
$9.8 $9.8 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0
$125.1 $132.9 $99.9 $124.9 $156.1 $174.8 $195.8 $215.4 $236.9
- - $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0
- - $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0
$95.8 $107.5
-$58.2 -$68.1
$2.0 $0.6
$49.5 $27.8 -$14.9 -$6.8 -$7.5 -$8.2 -$8.3 -$7.4 -$7.9
-$31.8 -$26.6 -$44.8 -$24.1 -$26.8 -$29.7 -$30.0 -$26.4 -$28.5
-$64.7 -$71.7 -$110.1 -$20.6 -$69.9 -$77.6 -$62.3 -$67.6 -$73.0
$9.7 $36.5 $56.5 $7.1 $24.1 $26.7 $21.5 $23.3 $25.2
$25.0 $43.8 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0
$1,033.3 $1,221.6 $926.9 $1,192.5 $1,320.4 $1,466.3 $1,684.8 $1,828.3 $1,976.2
-$147.7 -$184.3 -$333.0 -$416.2 -$520.3 -$312.2 -$349.6 -$326.3 -$358.9
- - $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0
- -$53.2 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0
- - $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0
$88.1 $2.3 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0- - $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0
- -$24.1 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0
-$59.6 -$259.3 -$333.0 -$416.2 -$520.3 -$312.2 -$349.6 -$326.3 -$358.9
- - $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0
- - $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0
- - $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0
- - -$22.4 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0
-$0.7 -$0.8 -$1.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0-$0.7 -$0.8 -$23.4 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0
$362.2 $185.1 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0
-$1,098.0 -$700.0 -$326.4 -$489.0 -$479.7 -$799.6 -$933.6 -$1,069.6 -$1,151.6
-$178.1 -$260.3 -$235.1 -$278.0 -$311.1 -$345.1 -$392.0 -$422.8 -$455.9
-$178.1 -$260.3 -$235.1 -$278.0 -$311.1 -$345.1 -$392.0 -$422.8 -$455.9
- - $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0$39.6 $34.1 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0
-$875.1 -$741.9 -$584.8 -$767.0 -$790.8 -$1,144.7 -$1,325.7 -$1,492.4 -$1,607.5
$4.8 -$2.9 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0
$103.4 $217.4 $9.2 $9.3 $9.4 $9.5 $9.5 $9.6 $9.7
CHECK TRUE TRUE TRUE TRUE TRUE TRUE TRUE
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$973.7 $962.2 $594.0 $776.3 $800.2 $1,154.1 $1,335.2 $1,502.0 $1,617.2
$0.0 $0.0 $0.3 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0
$973.7 $962.2 $594.3 $776.3 $800.2 $1,154.1 $1,335.2 $1,502.0 $1,617.2
$547.5 $658.8 $625.6 $831.3 $885.9 $918.1 $910.7
$547.5 $1,206.3 $1,831.9 $2,663.2 $3,549.1 $4,467.2 $5,377.9
$1,311.0 $1,515.5 $1,546.0 $1,835.7 $2,070.5 $2,298.2 $2,608.3 $2,817.0 $3,042.3
$547.5 $658.8 $625.6 $831.3 $885.9 $918.1 $910.7
$547.5 $1,206.3 $1,831.9 $2,663.2 $3,549.1 $4,467.2 $5,377.9
$40
$50
$60
$70
$80
$90
Ranges
parables FCFF Valuation
ce
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Estimate
2020
$10,109.9
$0.0
$10,109.9
$2,679.1
$7,430.8
$4,145.1
$0.0
$251.1
$0.0
$4,396.2
$3,034.6
$0.0$0.0
$0.0
$0.0
$3,034.6
$0.0
$0.0
$0.0
$0.0
$0.0$1,062.1
$1,972.5
$0.0
$0.0
$1,972.5
$0.0
$1,972.5
8.0% 9.9% Revenue Growth
8.2% 10.1% EPS Growth
73.5% 73.0% Gross Margin
30.0% 29.3% EBIT Margin
32.5% 31.6% EBITDA Margin
18.8% 15.3% FCFF Margin
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$1,064.3
$101.1
$103.3
$73.6$2,751.0
$4,185.2
-$2,142.2
$2,043.0
$0.0
$376.0
$9.8$95.2
$0.0
$174.3
$655.3
$5,449.3
$367.0
$454.6
$0.0
$0.0
$0.0
$85.8
$907.4
$0.0$0.0
$392.2
$392.2
$1,299.6
$2.9
$2,327.1
$8,411.6-$6,642.4
$50.5
$4,149.6
$0.0
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$1,972.5
$251.1
$0.0
$251.1
$0.0
$0.0
-$8.5
-$30.8
-$78.8
$27.2$0.0
$2,132.7
-$236.9
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
-$236.9
$0.0
$0.0
$0.0
$0.0
$0.0$0.0
$0.0
-$1,392.8
-$493.1
-$493.1
$0.0$0.0
-$1,885.9
$0.0
$9.8
TRUE
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$1,895.8
$0.0
$1,895.8 $29,522.0
$983.4 $15,314.6
$6,361.3 $21,676.0
$3,285.7 $32,857.3
$983.4 $17,044.8
$6,361.3 $23,406.2
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Operating Scenario
WACC 7.5%
Perpetuity Growth Rate 5.0%
Shares Outstanding $300.0Tax Rate 35.0%
2001 2002 2003
Revenue
Other Revenue
Cost Of Goods Sold
Selling General & Admin Exp.R & D Exp.
Depreciation & Amort.
Other Operating Expense/(Income)
Other Operating Exp., Total
Operating Income
Interest Expense
Interest and Invest. Income
Net Interest Exp.
Other Non-Operating Inc. (Exp.)
EBT Excl. Unusual Items
Restructuring Charges
Impairment of Goodwill
Insurance Settlements
Other Unusual Items
EBT Incl. Unusual Items
Income Tax Expense
Earnings from Cont. Ops.Earnings of Discontinued Ops.
Extraord. Item & Account. Change
Net Income to Company
Minority Int. in Earnings
Net Income
ASSETSCash And Equivalents
Short Term Investments
Total Cash & ST Investments
Days Sales Outstanding Accounts Receivable
Total Receivables
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Net Property, Plant & Equipment
Long-term Investments
Goodwill
Other IntangiblesDeferred Tax Assets, LT
Deferred Charges, LT
Other Long-Term Assets
Total Long Term Asests
Total Assets
LIABILITIES
Days Payable Outstandi Accounts PayableAccrued Exp.
Short-term Borrowings
Curr. Port. of LT Debt
Curr. Income Taxes Payable
Other Current Liabilities
Total Current Liabilities
Long-Term Debt
Def. Tax Liability, Non-Curr.
Other Non-Current Liabilities
Total Long Term Liabilities
Total Liabilities
Common Stock
Additional Paid In Capital
Retained EarningsTreasury Stock
Comprehensive Inc. and Other
Total Common Equity
Minority Interest
Total Equity
Total Liabilities And Equity
Balance Sheet Check
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Provision & Write-off of Bad debts
Other Operating Activities
Change in Acc. Receivable
Change In Inventories
Change in Acc. PayableChange in Other Net Operating Assets
Cash from Ops.
Capital Expenditure
Sale of Property, Plant, and Equipment
Cash Acquisitions
Divestitures
Invest. in Marketable & Equity Securt.
Net (Inc.) Dec. in Loans Originated/SoldOther Investing Activities
Cash from Investing
Short Term Debt Issued
Long-Term Debt Issued
Total Debt Issued
Short Term Debt Repaid
Long-Term Debt Repaid
Total Debt Repaid
Issuance of Common Stock
Repurchase of Common Stock
Common Dividends Paid
Total Dividends Paid
Special Dividend PaidOther Financing Activities
Cash from Financing
Foreign Exchange Rate Adj.
Net Change in Cash
Dividend Discount Model
Dividends PaidShares Repurchased
Total
Discount Factor
Discounted Dividend
Cumulative Discounted Dividend
Theoretical Price
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EBITDA Multiple Model
EBITDA
Exit Multiple
PV of FCFF & Terminal EBITDACumulative Discounted FCF
Theoretical Price
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2004 2005 2006 2007 2008 2009 2010
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2011 2012 2013 2014 2015 2016 2017 2018 2019
12.0% 11.0% 11.0% 11.0% 10.0% 8.0% 8.0%
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
29.0% 27.0% 27.0% 27.0% 26.5% 26.5% 26.5%
42.0% 42.0% 41.5% 41.5% 41.0% 41.0% 41.0%0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
6.0% 6.0% 6.0% 6.0% 6.0% 6.0% 6.0%
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0%
15.0 15.0 15.0 15.0 15.0 15.0 15.0
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50.0 50.0 50.0 50.0 50.0 50.0 50.0
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25.0% 25.0% 25.0% 12.0% 12.0% 10.0% 10.0%
25.0% 25.0% 25.0% 25.0% 25.0% 25.0% 25.0%
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2020 AACR
8.0% 9.9% 12.8%
0.0% 0.0% 0.0%
26.5% 27.0% 27.0%
41.0% 41.4% 43.0%0.0% 0.0%
6.0% 6.0% 3.2%
0.0% 0.0%
0.0% 0.0%
1.0%
15.0
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50.0
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6.0% 5.6%
25.0%
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Coach, Inc. (NYSE:COH) > Financials > Key Stats
In Millions of the trading currency, except per share items. Currency: Trading Currency Conversion: HistoricalOrder: Latest on Right Units: S&P Capital IQ (Defau
Decimals: Capital IQ (Default)
Key Financials
For the Fiscal Period Ending 12 months
Jun-30-2001A
12 months
Jun-29-2002A
12 months
Jun-28-2003A
12 months
Jul-03-2004A
12 months
Jul-02-2005A
Currency USD USD USD USD USD
Total Revenue 600.5 719.4 953.2 1,321.1 1,651.7Growth Over Prior Year 11.7% 19.8% 32.5% 38.6% 25.0%
Gross Profit 382.0 483.4 677.4 990.1 1,267.6
Margin % 63.6% 67.2% 71.1% 74.9% 76.7%
EBITDA 130.4 161.1 273.6 442.7 583.4
Margin % 21.7% 22.4% 28.7% 33.5% 35.3%
EBIT 106.3 135.6 242.3 402.6 533.0
Margin % 17.7% 18.8% 25.4% 30.5% 32.3%
Earnings from Cont. Ops. 64.0 86.0 154.2 256.0 350.3
Margin % 10.7% 12.0% 16.2% 19.4% 21.2%
Net Income 64.0 85.8 146.6 237.9 358.6
Margin % 10.7% 11.9% 15.4% 18.0% 21.7%
Diluted EPS Excl. Extra Items 0.19 0.24 0.39 0.62 0.86
Growth Over Prior Year 38.2% 23.7% 67.9% 57.2% 39.2%
Same Store Sales Growth % NA NA NA NA NA
Currency USD USD USD USD USD
Exchange Rate 1.0 1.0 1.0 1.0 1.0
Conversion Method H H H H H
All results are taken from the most recently filed statement for each period. When there has been more than one, earlier filings can be viewed on the individual statement pages.
All forward period figures are consensus mean estimates provided by the brokers and may not be on a comparable basis as financials.
Growth rates for forward periods are calculated against prior period estimates or actual pro forma results as disclosed on the Estimates Consensus page.
Growth Rates are calculated in originally reported currency only and will not reflect any currency conversion selected above.
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Current Capitalization (Millions of USD)
Currency USD
Share Price as of Sep-20-2012 $59.01
Shares Out. 285.2
Market Capitalization** 16,828.8
- Cash & Short Term Investments 917.2
+ Total Debt 23.4
+ Pref. Equity -
+ Total Minority Interest -
= Total Enterprise Value (TEV) 15,935.0
Book Value of Common Equity 1,992.9
+ Pref. Equity -+ Total Minority Interest -
+ Total Debt 23.4
= Total Capital 2,016.3
**For companies that have multiple share classes that publicly trade,
we are incorporating the different prices to calculate our company
level market capitalization. Please click on the value to see the
detailed calculation. Prices shown on this page are the close price of
the companys primary stock class. Shares shown on this page are
total company as-reported share values.
Note: Striped area represents the impact of negative Net Liability on Market Cap.
Total Liability includes Total Debt, Minority Interest and Pref. Equity.
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lt)
12 months
Jul-01-2006A
12 months
Jun-30-2007A
12 months
Jun-28-2008A
12 months
Jun-27-2009A
12 months
Jul-03-2010A
12 months
Jul-02-2011A
12 months
Jun-30-2012A
USD USD USD USD USD USD USD
2,035.1 2,612.5 3,180.8 3,230.5 3,607.6 4,158.5 4,763.223.2% 28.4% 21.8% 1.6% 11.7% 15.3% 14.5%
1,581.6 2,023.0 2,407.1 2,322.6 2,633.7 3,023.5 3,466.1
77.7% 77.4% 75.7% 71.9% 73.0% 72.7% 72.8%
777.7 1,074.2 1,247.8 1,099.9 1,276.9 1,430.0 1,644.9
38.2% 41.1% 39.2% 34.0% 35.4% 34.4% 34.5%
712.7 993.4 1,147.1 976.9 1,150.2 1,304.9 1,512.0
35.0% 38.0% 36.1% 30.2% 31.9% 31.4% 31.7%
463.8 636.5 783.0 623.4 734.9 880.8 1,038.9
22.8% 24.4% 24.6% 19.3% 20.4% 21.2% 21.8%
494.3 663.7 783.1 623.4 734.9 880.8 1,038.9
24.3% 25.4% 24.6% 19.3% 20.4% 21.2% 21.8%
1.19 1.69 2.17 1.91 2.33 2.92 3.53
37.9% 42.0% 28.4% (12.0%) 22.0% 25.3% 20.9%
NA NA NA NA NA 10.6% 6.6%
USD USD USD USD USD USD USD
1.0 1.0 1.0 1.0 1.0 1.0 1.0
H H H H H H H
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Coach, Inc. (NYSE:COH) > Financials > Income Statement
In Millions of the reported currency, except per share items. Template: Standard Restatement: Latest Filings
Period Type: Annual Order: Latest on Right
Currency: Reported Currency Conversion: Historical
Units: S&P Capital IQ (Defau Decimals: Capital IQ (Default)
Income Statement
For the Fiscal Period Ending
Reclassified
12 months
Jun-30-2001
12 months
Jun-29-2002
12 months
Jun-28-2003
Restated
12 months
Jul-03-2004
Restated
12 months
Jul-02-2005
Currency USD USD USD USD USD
Revenue 600.5 719.4 953.2 1,321.1 1,651.7
Other Revenue - - - - -
Total Revenue 600.5 719.4 953.2 1,321.1 1,651.7
0.363880558 0.328106777 0.289330127 0.250565814 0.232579808
Cost Of Goods Sold 218.5 236.0 275.8 331.0 384.2
Gross Profit 382.0 483.4 677.4 990.1 1,267.6
0.459169246 0.48341055 0.456503494 0.444653949 0.44471346
Selling General & Admin Exp. 275.7 347.8 435.2 587.4 734.5
R & D Exp. - - - - -Depreciation & Amort. - - - - -
Other Operating Expense/(Income) - - - - -
Other Operating Exp., Total 275.7 347.8 435.2 587.4 734.5
Operating Income 106.3 135.6 242.3 402.6 533.0
Interest Expense (2.6) (1.1) (0.7) - -
Interest and Invest. Income 0.3 0.8 1.8 3.2 15.8
Net Interest Exp. (2.3) (0.3) 1.1 3.2 15.8
Other Non-Operating Inc. (Exp.) - - - - -
EBT Excl. Unusual Items 104.0 135.3 243.3 405.8 548.8
Restructuring Charges (4.6) (3.4) - - -
Impairment of Goodwill - - - - -
Insurance Settlements - 1.4 1.5 2.7 2.6
Other Unusual Items - - - - -
EBT Incl. Unusual Items 99.4 133.3 244.8 408.5 551.4
Income Tax Expense 35.4 47.3 90.6 152.5 201.1
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Earnings from Cont. Ops. 64.0 86.0 154.2 256.0 350.3
Earnings of Discontinued Ops. - - - - 22.0
Extraord. Item & Account. Change - - - - -
Net Income to Company 64.0 86.0 154.2 256.0 372.3
Minority Int. in Earnings - (0.2) (7.6) (18.0) (13.6)
Net Income 64.0 85.8 146.6 237.9 358.6
Pref. Dividends and Other Adj. - - - - -
NI to Common Incl Extra Items 64.0 85.8 146.6 237.9 358.6
NI to Common Excl. Extra Items 64.0 85.8 146.6 237.9 336.6
Per Share ItemsBasic EPS $0.2 $0.24 $0.41 $0.64 $0.95
Basic EPS Excl. Extra Items 0.2 0.24 0.41 0.64 0.89
Weighted Avg. Basic Shares Out. 327.4 352.2 359.1 372.1 378.7
Diluted EPS $0.19 $0.24 $0.39 $0.62 $0.92
Diluted EPS Excl. Extra Items 0.19 0.24 0.39 0.62 0.86
Weighted Avg. Diluted Shares Out. 337.2 363.8 371.7 385.6 390.2
Normalized Basic EPS $0.2 $0.24 $0.42 $0.68 $0.91
Normalized Diluted EPS 0.19 0.23 0.41 0.66 0.88
Dividends per Share NA NA NA NA
Payout Ratio % NA NA NA NA NA
Supplemental Items
EBITDA 130.4 161.1 273.6 442.7 583.4
EBITA 107.2 135.6 242.3 402.6 533.0
EBIT 106.3 135.6 242.3 402.6 533.0
EBITDAR 162.2 201.3 325.6 505.7 668.8
Effective Tax Rate % 35.6% 35.5% 37.0% 37.3% 36.5%
Current Domestic Taxes 41.2 47.2 81.4 153.9 230.2
Current Foreign Taxes NA 5.1 0.4 2.3 28.2
Total Current Taxes 41.2 52.3 81.8 156.2 258.5
Deferred Domestic Taxes (5.6) 0.6 2.5 (23.3) (58.6)
Deferred Foreign Taxes (0.2) (5.6) 6.2 19.5 1.3
Total Deferred Taxes (5.8) (5.0) 8.8 (3.7) (57.3)
Normalized Net Income 65.0 84.6 152.1 253.6 343.0
NI per SFAS 123 (after Options) 58.9 75.6 130.7 NA NANon-Cash Pension Expense 3.5 0.1 0.0 0.9 0.3
Filing Date Sep-18-2003 Sep-16-2004 Sep-09-2005 Aug-25-2006 Aug-23-2007
250.0
275.0
300.0
325.0
350.0
375.0
400.0
2005 2006 20
Shares O
Weighted Avg.
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Restatement Type RC NC NC RS RS
Calculation Type REP REP REP REP REP
Supplemental Operating Expense Items
Advertising Exp. 52.2 51.7 57.3 63.5 78.8Selling and Marketing Exp. 240.7 307.9 381.9 482.1 607.5
General and Administrative Exp. 35.0 39.9 53.3 61.8 72.0
Net Rental Exp. 31.8 40.3 52.0 62.9 85.4
Imputed Oper. Lease Interest Exp. 85.8 14.7 8.5 - -
Imputed Oper. Lease Depreciation (54.0) 25.6 43.5 - -
Stock-Based Comp., SG&A Exp. - - - 43.6 55.1
Stock-Based Comp., Unallocated - 0.8 1.6 - -
Stock-Based Comp., Total - 0.8 1.6 43.6 55.1
Note: For multiple class companies, per share items are primary class equivalent, and for foreign companies listed as primary ADRs, per share items are ADR-equivalent.
Financial data provided by
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Reclassified
12 months
Jul-01-2006
12 months
Jun-30-2007
Reclassified
12 months
Jun-28-2008
12 months
Jun-27-2009
12 months
Jul-03-2010
12 months
Jul-02-2011
12 months
Jun-30-2012
USD USD USD USD USD USD USD
2,035.1 2,612.5 3,180.8 3,230.5 3,607.6 4,158.5 4,763.2
- - - - - - -
2,035.1 2,612.5 3,180.8 3,230.5 3,607.6 4,158.5 4,763.2
0.22284966 0.22563825 0.243229521 0.281029869 0.269967646 0.272926317 0.272318493 0.27041144
453.5 589.5 773.7 907.9 973.9 1,135.0 1,297.1
1,581.6 2,023.0 2,407.1 2,322.6 2,633.7 3,023.5 3,466.1
0.426952683 0.39410769 0.396123942 0.416564102 0.411216653 0.413277409 0.410713011 0.42953842
868.9 1,029.6 1,260.0 1,345.7 1,483.5 1,718.6 1,956.3
- - - - - - -- - - - - - -
- - - - - - (2.2)
868.9 1,029.6 1,260.0 1,345.7 1,483.5 1,718.6 1,954.1
712.7 993.4 1,147.1 976.9 1,150.2 1,304.9 1,512.0
- - - - - - -
32.6 41.3 47.8 10.8 8.0 1.0 0.7
32.6 41.3 47.8 10.8 8.0 1.0 0.7
- - - - - (4.7) (7.0)
745.3 1,034.7 1,194.9 987.7 1,158.1 1,301.2 1,505.7
- - - (5.0) - - -
- - - - - - -
2.0 - - - - - -
- - - - - - -
747.3 1,034.7 1,194.9 982.7 1,158.1 1,301.2 1,505.7
283.5 398.1 411.9 359.3 423.2 420.4 466.8
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463.8 636.5 783.0 623.4 734.9 880.8 1,038.9
30.4 27.1 0.0 - - - -
- - - - - - -
494.3 663.7 783.1 623.4 734.9 880.8 1,038.9
- - - - - - -
494.3 663.7 783.1 623.4 734.9 880.8 1,038.9
- - - - - - -
494.3 663.7 783.1 623.4 734.9 880.8 1,038.9
463.8 636.5 783.0 623.4 734.9 880.8 1,038.9
$1.3 $1.8 $2.2 $1.93 $2.36 $2.99 $3.6
1.22 1.72 2.2 1.93 2.36 2.99 3.6
379.6 369.7 355.7 323.7 311.4 294.9 288.3
$1.27 $1.76 $2.17 $1.91 $2.33 $2.92 $3.53
1.19 1.69 2.17 1.91 2.33 2.92 3.53
388.5 377.4 360.3 325.6 315.8 301.6 294.1
$1.23 $1.75 $2.1 $1.91 $2.32 $2.76 $3.26
1.2 1.71 2.07 1.9 2.29 2.7 3.2
$0.08 $0.38 $0.68 $0.98
NA NA NA NA 12.8% 20.2% 25.1%
777.7 1,074.2 1,247.8 1,099.9 1,276.9 1,430.0 1,644.9
712.7 993.4 1,147.1 976.9 1,150.2 1,314.7 1,521.8
712.7 993.4 1,147.1 976.9 1,150.2 1,304.9 1,512.0
871.4 1,181.7 1,380.8 1,251.2 1,458.3 1,636.9 1,893.1
37.9% 38.5% 34.5% 36.6% 36.5% 32.3% 31.0%
293.1 379.8 403.2 350.2 450.3 383.8 452.6
7.6 16.0 25.6 (4.5) (10.0) (3.1) (13.7)
300.7 395.9 428.8 345.7 440.3 380.7 438.9
(25.5) (1.9) (22.8) (1.1) (45.6) 13.1 11.2
8.3 4.2 5.9 14.8 28.4 26.6 16.6
(17.2) 2.3 (16.9) 13.7 (17.1) 39.7 27.8
465.8 646.7 746.8 617.3 723.8 813.3 941.0
NA NA NA NA NA NA NA0.4 0.3 - - - - -
Aug-21-2008 Aug-19-2009 Aug-25-2010 Aug-19-2011 Aug-22-2012 Aug-22-2012 Aug-22-2012
$0.0
$0.2
$0.4
$0.6
$0.8
$1.0
$1.2
07 2008 2009 2010 2011 2012
tstanding and Dividends
iluted Shares Out. Dividends per Share
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RD NC RC NC NC NC O
REP REP REP REP REP REP REP
100.6 119.8 147.7 163.6 179.4 224.4 245.2719.4 891.0 1,060.5 1,192.3 1,277.4 1,462.6 1,674.1
81.6 82.3 132.5 85.9 122.6 156.6 174.7
93.8 107.5 133.0 151.3 181.4 206.9 248.2
- - - - - - -
- - - - - - -
67.9 56.2 67.0 67.5 81.4 95.8 107.5
- - - - - - -
67.9 56.2 67.0 67.5 81.4 95.8 107.5
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Coach, Inc. (NYSE:COH) > Financials > Balance Sheet
In Millions of the reported currency, except per share items. Template: Standard Restatement: Latest Filings
Period Type: Annual Order: Latest on Right
Currency: Reported Currency Conversion: Historical
Units: S&P Capital IQ (Defau Decimals: Capital IQ (Default)
Balance Sheet
Balance Sheet as of: Restated
Jun-30-2001 Jun-29-2002 Jun-28-2003
Restated
Jul-03-2004
Restated
Jul-02-2005
Currency USD USD USD USD USD
ASSETSCash And Equivalents 3.7 94.0 229.2 262.7 154.6
Short Term Investments - - - 171.7 228.5
Total Cash & ST Investments 3.7 94.0 229.2 434.4 383.1
Accounts Receivable 20.6 30.9 35.5 55.7 65.4
Total Receivables 20.6 30.9 35.5 55.7 65.4
Inventory 105.2 136.4 143.8 161.9 184.4
Prepaid Exp. 8.2 12.2 18.8 19.0 24.1
Deferred Tax Assets, Curr. 13.9 14.1 21.3 34.5 50.8Other Current Assets - - - - 1.5
Total Current Assets 151.6 287.6 448.5 705.6 709.4
Gross Property, Plant & Equipment 202.4 237.6 291.8 371.9 421.1
Accumulated Depreciation (130.1) (147.0) (173.3) (207.6) (217.2)
Net Property, Plant & Equipment 72.4 90.6 118.5 164.3 203.9
Long-term Investments - - - 130.0 122.1
Goodwill 4.9 13.0 13.0 13.6 238.7
Other Intangibles 9.4 9.4 9.4 9.8 12.1Deferred Tax Assets, LT 19.1 25.0 9.1 - 54.5
Deferred Charges, LT - - - - -
Other Long-Term Assets 1.4 15.0 19.1 21.1 29.5
Total Assets 258.7 440.6 617.7 1,044.4 1,370.2
LIABILITIES
Accounts Payable 14.3 25.8 26.6 44.8 65.0
Accrued Exp. 72.4 86.3 99.9 106.9 136.2
Short-term Borrowings 7.7 34.2 26.5 1.7 12.3
Curr. Port. of LT Debt 0.0 0.1 0.1 0.1 0.2Curr. Income Taxes Payable 10.0 13.0 8.3 16.7 52.0
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Other Current Liabilities - - - - -
Total Current Liabilities 104.4 159.4 161.5 170.2 265.7
Long-Term Debt 3.7 3.6 3.5 3.4 3.3
Def. Tax Liability, Non-Curr. - - - 15.8 4.5Other Non-Current Liabilities 2.3 2.6 3.6 32.5 40.8
Total Liabilities 110.4 165.7 168.6 221.9 314.2
Common Stock 0.9 0.9 1.8 3.8 3.8
Additional Paid In Capital 125.3 155.4 214.5 355.1 566.3
Retained Earnings 22.7 105.5 217.6 430.5 485.0
Treasury Stock - - - - -
Comprehensive Inc. and Other (0.5) (1.5) (7.0) (7.1) 0.9
Total Common Equity 148.3 260.4 426.9 782.3 1,055.9
Minority Interest - 14.5 22.2 40.2 -
Total Equity 148.3 274.9 449.1 822.5 1,055.9
0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000
Total Liabilities And Equity 258.7 440.6 617.7 1,044.4 1,370.2
Supplemental Items
Total Shares Out. on Filing Date 350.3 352.5 367.8 376.1 380.1
Total Shares Out. on Balance Sheet Date 349.5 357.8 366.0 379.2 378.4Book Value/Share $0.42 $0.73 $1.17 $2.06 $2.79
Tangible Book Value 134.0 238.0 404.5 758.9 805.1
Tangible Book Value/Share $0.38 $0.67 $1.11 $2.0 $2.13
Total Debt 11.4 37.9 30.1 5.2 15.7
Net Debt 7.7 (56.1) (199.1) (429.2) (367.3)
Debt Equiv. of Unfunded Proj. Benefit Obligation 0.9 0.7 2.1 2.6 1.9
Debt Equivalent Oper. Leases 254.6 322.1 415.9 503.3 683.1
Total Minority Interest NA 14.5 22.2 40.2 NA
Inventory Method FIFO FIFO FIFO FIFO FIFO
LIFO Reserve NA (0.5) 0.7 2.4 0Raw Materials Inventory 0.6 NA NA NA NA
Work in Progress Inventory 0.3 NA NA NA NA
Finished Goods Inventory 104.3 NA NA NA NA
Land NA NA NA NA NA
Buildings 108.1 123.3 153.4 212.0 243.8
Machinery 84.3 91.3 111.9 148.4 155.9
Construction in Progress 10.1 22.9 26.5 11.5 21.4
Leasehold Improvements 108.1 123.3 153.4 212.0 243.8
Full Time Employees 2,700 2,900 3,200 4,200 5,700
Part-Time Employees NA NA NA NA NAAccum. Allowance for Doubtful Accts 0.8 1.3 1.3 1.8 1.7
Filing Date Sep-18-2003 Sep-16-2004 Sep-09-2005 Aug-25-2006 Aug-23-2007
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Restatement Type RS NC NC RS RS
Calculation Type RUP RUP RUP RUP RUP
Note: For multiple class companies, total share counts are primary class equivalent, and for foreign companies listed as primary ADRs, total share counts are ADR-equivalent.
Financial data provided by
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Jul-01-2006 Jun-30-2007
Restated
Jun-28-2008 Jun-27-2009 Jul-03-2010 Jul-02-2011 Jun-30-2012
USD USD USD USD USD USD USD
143.4 557.0 698.9 800.4 596.5 699.8 917.2
394.2 628.9 - - 99.9 2.3 -
537.6 1,185.8 698.9 800.4 696.4 702.0 917.2
84.4 107.8 106.7 108.7 109.1 142.9 174.5
84.4 107.8 106.7 108.7 109.1 142.9 174.5
233.5 291.2 318.5 326.1 363.3 421.8 504.5
38.4 16.1 65.6 48.3 30.4 38.2 39.4
78.0 68.3 70.1 49.5 77.4 93.9 95.42.6 70.9 99.4 63.4 26.2 53.5 73.6
974.5 1,740.2 1,359.2 1,396.4 1,302.6 1,452.4 1,804.5
515.3 599.5 754.8 978.0 1,033.6 1,165.9 1,331.9
(216.8) (231.1) (290.5) (385.0) (485.1) (583.5) (687.4)
298.5 368.5 464.2 593.0 548.5 582.3 644.4
- - 8.0 6.0 - - -
227.8 213.8 249.1 283.4 305.9 331.0 376.0
12.0 11.9 9.8 9.8 9.8 9.8 9.884.1 86.0 81.3 159.1 156.5 103.7 95.2
- - - 17.7 - - -
29.6 29.2 75.7 99.0 143.9 155.9 174.3
1,626.5 2,449.5 2,247.4 2,564.3 2,467.1 2,635.1 3,104.3
79.8 109.3 134.7 103.0 105.6 118.6 155.4
171.6 209.5 266.6 287.7 377.9 408.4 454.6
- - - 7.5 - - -
0.2 0.2 0.3 0.5 0.7 0.8 22.4
69.0 56.5 - - - - -
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21.2 32.5 49.4 60.9 44.8 65.3 85.8
341.8 408.0 450.9 459.7 529.0 593.0 718.2
3.1 2.9 2.6 25.1 24.2 23.4 1.0
31.7 36.4 25.4 - - - -61.2 91.8 278.1 383.6 408.6 406.2 392.2
437.8 539.2 757.0 868.3 961.8 1,022.5 1,111.4
3.7 3.7 3.4 3.2 3.0 2.9 2.9
775.2 978.7 1,115.0 1,189.1 1,503.0 2,000.4 2,327.1
417.1 940.8 353.1 500.0 (30.1) (445.7) (387.5)
- - - - - - -
(7.3) (12.8) 18.8 3.9 29.4 54.9 50.5
1,188.7 1,910.4 1,490.4 1,696.0 1,505.3 1,612.6 1,992.9
- - - - - - -
1,188.7 1,910.4 1,490.4 1,696.0 1,505.3 1,612.6 1,992.9
0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000
1,626.5 2,449.5 2,247.4 2,564.3 2,467.1 2,635.1 3,104.3
365.9 373.1 336.9 318.1 297.4 288.5 285.2
369.8 372.5 336.7 318.0 296.9 288.5 285.1
$3.21 $5.13 $4.43 $5.33 $5.07 $5.59 $6.99
948.9 1,684.7 1,231.5 1,402.9 1,189.6 1,271.8 1,607.1
$2.57 $4.52 $3.66 $4.41 $4.01 $4.41 $5.64
3.3 3.1 2.9 33.1 24.9 24.2 23.4
(534.3) (1,182.7) (696.0) (767.3) (671.5) (677.9) (893.9)
1.8 2.9 2.4 NA NA NA NA
750.0 859.7 1,063.8 1,210.1 1,451.0 1,655.2 1,985.2
NA NA NA NA NA NA NA
FIFO FIFO FIFO FIFO FIFO FIFO FIFO
(0.9) 23.4 NA NA NA NA NANA NA NA NA NA NA NA
NA NA NA NA NA NA NA
NA NA NA NA NA NA NA
28.0 28.0 28.0 154.9 154.9 168.6 168.6
270.2 NA NA NA NA NA NA
150.9 155.4 288.1 339.0 363.9 426.9 524.9
66.2 148.2 65.5 22.7 15.7 17.6 19.8
270.2 267.9 373.3 461.4 499.1 552.9 618.6
4,000 5,200 5,600 6,100 6,400 8,200 10,000
3,500 4,900 6,400 5,900 6,600 6,800 8,0001.6 6.6 2.5 2.8 1.9 3.4 3.3
Aug-21-2008 Aug-19-2009 Aug-25-2010 Aug-19-2011 Aug-22-2012 Aug-22-2012 Aug-22-2012
NC NC RS NC NC NC O
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NC NC RS NC NC NC O
RUP RUP RUP RUP RUP REP REP
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Coach, Inc. (NYSE:COH) > Financials > Cash Flow
In Millions of the reported currency, except per share items. Template: Standard Restatement: Latest Filings
Period Type: Annual Order: Latest on Right
Currency: Reported Currency Conversion: Historical
Units: S&P Capital IQ (Defau Decimals: Capital IQ (Default)
Cash Flow
For the Fiscal Period Ending 12 months
Jun-30-2001
12 months
Jun-29-2002
Restated
12 months
Jun-28-2003
Restated
12 months
Jul-03-2004
Restated
12 months
Jul-02-2005
Currency USD USD USD USD USD
Net Income 64.0 85.8 146.6 237.9 358.6
Depreciation & Amort. 23.2 25.5 31.4 40.1 50.4
Amort. of Goodwill and Intangibles 0.9 - - - -
Depreciation & Amort., Total 24.1 25.5 31.4 40.1 50.4
0.038686675 0.035437717 0.032888318 0.030353355 0.030513942
Minority Int. in Earnings - 0.2 7.6 18.0 13.6
Asset Writedown & Restructuring Costs 4.6 3.4 - - -
Stock-Based Compensation - - - 43.6 55.9
Tax Benefit from Stock Options 1.4 13.8 41.5 (95.2) (68.7)Provision & Write-off of Bad debts - - - - 0.0
Other Operating Activities (6.0) (3.5) 7.8 10.9 (59.5)
Change in Acc. Receivable (5.0) (5.9) (4.5) (20.3) (9.7)
Change In Inventories (3.1) (16.6) (7.4) (18.1) (22.5)
Change in Acc. Payable 6.4 8.7 0.8 18.1 20.2
Change in Other Net Operating Assets 37.8 (3.4) 2.6 124.2 137.2
Cash from Ops. 124.3 107.9 226.4 359.3 475.6
5.3% 8.0% 6.5% 5.6% 5.7%
Capital Expenditure (31.9) (42.8) (61.9) (73.7) (94.6)
Sale of Property, Plant, and Equipment 0.8 1.6 0.0 0.1 0.0Cash Acquisitions - (14.8) - - -
Divestitures - - - - -
Invest. in Marketable & Equity Securt. - - - (301.7) (277.3)
Net (Inc.) Dec. in Loans Originated/Sold - - - - -
Other Investing Activities - - - - -
Cash from Investing (31.1) (56.0) (61.8) (375.3) (371.8)
Short Term Debt Issued - 200.0 63.2 168.9 359.5
Long-Term Debt Issued 519.8 - - - -
Total Debt Issued 519.8 200.0 63.2 168.9 359.5Short Term Debt Repaid - (187.0) (70.9) (193.6) (348.9)
Long-Term Debt Repaid (733 6) 0 (0 1) (0 1) (0 1)
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Long Term Debt Repaid (733.6) 0 (0.1) (0.1) (0.1)
Total Debt Repaid (733.6) (187.0) (70.9) (193.7) (349.0)
Issuance of Common Stock 124.0 20.8 28.4 34.1 46.8
Repurchase of Common Stock - (9.8) (49.9) (55.0) (265.0)
Common Dividends Paid - - - - -
Total Dividends Paid - - - - -
Special Dividend Paid - - - - -
Other Financing Activities - 14.4 - 95.2 (4.3)
Cash from Financing (89.7) 38.3 (29.3) 49.6 (211.9)
Foreign Exchange Rate Adj. - - - - -
Net Change in Cash 3.5 90.3 135.2 33.5 (108.2)
Supplemental Items
Cash Interest Paid 2.3 0.8 0.7 0.3 0.2
Cash Taxes Paid 35.7 33.3 56.1 33.1 162.7
Levered Free Cash Flow 59.9 50.3 106.0 243.4 373.7
Unlevered Free Cash Flow 61.5 51.0 106.5 243.4 373.7
Change in Net Working Capital (2.8) 17.3 16.0 18.3 (29.7)
Net Debt Issued (213.8) 13.0 (7.8) (24.9) 10.5
Filing Date Sep-18-2003 Sep-16-2004 Sep-09-2005 Aug-25-2006 Aug-23-2007
Restatement Type NC NC RS RS RS
Calculation Type REP REP REP REP REP
Financial data provided by
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Restated
12 months
Jul-01-2006
Restated
12 months
Jun-30-2007
12 months
Jun-28-2008
12 months
Jun-27-2009
12 months
Jul-03-2010
12 months
Jul-02-2011
12 months
Jun-30-2012
USD USD USD USD USD USD USD
494.3 663.7 783.1 623.4 734.9 880.8 1,038.9
65.0 80.8 100.7 123.0 126.7 115.3 123.1
- - - - - 9.8 9.8
65.0 80.8 100.7 123.0 126.7 125.1 132.9
0.03193675 0.030941 0.031660388 0.038079312 0.035132147 0.027730625 0.025848488 0.03242744
- - - - - - -
- - - - - - -
69.2 56.7 67.0 67.5 81.4 95.8 107.5
(99.3) (65.1) (23.3) 0.9 (27.6) (58.2) (68.1)0.3 1.8 0.3 0.9 (0.7) 2.0 0.6
(39.1) 5.3 (10.1) 23.8 (27.6) 49.5 27.8
(20.2) (28.1) 8.2 3.3 4.3 (31.8) (26.6)
(51.7) (63.9) (32.1) 4.1 (33.9) (64.7) (71.7)
15.7 31.2 20.4 (37.0) 1.0 9.7 36.5
162.3 98.7 9.1 (0.7) 132.2 25.0 43.8
596.4 781.2 923.4 809.2 990.9 1,033.3 1,221.7
6.6% 5.4% 5.5% 8.2% 2.3% 3.6% 5.0% 0.05618235
(133.4) (140.6) (174.7) (240.3) (81.1) (147.7) (184.3)
- 0.0 - - - - -- - - (24.4) (1.2) - (53.2)
- - - - - - -
(47.3) (235.2) 620.2 - (99.9) 88.1 2.3
- - - - - - -
- - - - - - (24.1)
(180.7) (375.8) 445.4 (264.7) (182.2) (59.6) (259.4)
- - - 7.5 - - -
- - - - - - -
- - - 7.5 - - -
(11.7) - - - (7.5) - -
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C h I (NYSE COH) Fi i l M l i l
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Coach, Inc. (NYSE:COH) > Financials > Multiples
View: Data Frequency: Quarterly
Order: Latest on Right Decimals: Capital IQ (Default)
Multiples Detail
For Quarter Ending Mar-30-2001 Jun-29-2001 Sep-28-2001 Dec-31-2001
TEV/LTM Total Revenue Average 2.22x 2.43x 2.51x 2.21x
High 2.73x 2.83x 3.09x 2.75x
Low 1.72x 1.80x 1.57x 1.63x
Close 2.14x 2.79x 1.90x 2.75x
TEV/NTM Total Revenues Average - - - -
High - - - -
Low - - - -
Close - - - -
TEV/LTM EBITDA Average 12.25x 12.18x 12.14x 10.51x
High 16.70x 13.95x 15.28x 13.09x
Low 10.04x 9.23x 7.41x 7.70x
Close 10.98x 13.80x 8.96x 13.09x
TEV/NTM EBITDA Average - - - -
High - - - -
Low - - - -
Close - - - -
TEV/LTM EBIT Average 15.77x 15.15x 14.84x 12.88x
High 22.17x 17.24x 18.88x 16.03x
Low 12.63x 11.60x 9.10x 9.45x
Close 13.81x 17.05x 11.00x 16.03x
P/LTM EPS Average 26.18x 26.04x 24.58x 20.34x
High 35.61x 30.27x 33.18x 25.24x
Low 21.49x 19.20x 14.41x 15.02x
Close 23.54x 29.92x 17.44x 25.24x
P/NTM EPS Average - - - -
High - - - -
Low - - - -
Close - - - -
P/LTM Normalized EPS Average 26.22x 25.95x 24.37x 20.65x
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High 36.16x 30.26x 33.18x 26.19x
Low 21.29x 19.03x 14.20x 14.81x
Close 23.32x 29.92x 17.19x 26.19x
P/BV Average 9.41x 10.70x 10.23x 8.88x
High 11.77x 12.31x 13.50x 10.80x
Low 6.24x 8.03x 6.21x 6.72x
Close 9.84x 12.17x 7.81x 10.80x
P/Tangible BV Average 12.08x 13.61x 13.05x 10.46x
High 15.15x 15.56x 17.05x 13.23x
Low 7.95x 10.34x 7.21x 7.52x
Close 12.67x 15.38x 8.73x 13.23x
TEV/LTM Unlevered FCF Average - 38.52x 36.22x 26.00x
High - 41.41x 45.35x 36.16x
Low - 34.31x 15.46x 16.07x
Close - 40.95x 18.69x 36.16x
Market Cap/LTM Levered FCF Average - 39.35x 37.01x 26.14x
High - 42.34x 46.42x 36.27x
Low - 34.98x 15.69x 16.31x
Close - 41.86x 19.00x 36.27x
Average multiples are calculated using positive close values on each trading day within the frequency periods selected. Negative values are excluded from the calculation. When the Multi
When a mismatch exists between the currency of the equity listing and the reported financial results such results are translated into the currency of the listing at the exchange rate applica
Financial data provided by
Estimate data provided by
Historical Equity Pricing Data supplied by
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Mar-31-2004 Jun-30-2004 Sep-30-2004 Dec-31-2004 Mar-31-2005 Jun-30-2005 Sep-30-2005 Dec-30-2005
6.30x 6.38x 5.90x 6.33x 6.83x 6.72x 7.35x 6.83x
6.99x 6.81x 6.83x 7.40x 7.34x 7.59x 8.12x 7.43x
5.38x 5.81x 4.85x 5.37x 6.36x 6.03x 6.51x 6.22x
6.55x 6.68x 5.76x 7.31x 6.81x 7.51x 6.76x 6.74x
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
19.55x 18.62x 16.42x 16.94x 17.66x 17.08x 18.57x 17.18x
22.73x 20.81x 19.70x 19.67x 19.52x 19.24x 20.59x 18.64x
16.36x 16.75x 13.21x 14.63x 16.31x 15.26x 16.46x 15.73x
20.02x 19.26x 15.70x 19.44x 17.44x 19.03x 17.09x 16.91x
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
21.66x 20.55x 18.02x 18.59x 19.35x 18.67x 20.28x 18.71x
25.42x 23.02x 21.76x 21.61x 21.44x 21.01x 22.48x 20.28x
18.04x 18.51x 14.42x 16.05x 17.85x 16.69x 17.98x 17.18x
22.15x 21.27x 17.22x 21.35x 19.11x 20.78x 18.66x 18.40x
37.98x 36.90x 32.70x 33.26x 34.42x 32.85x 34.77x 31.50x
43.61x 40.31x 39.04x 38.34x 38.04x 36.86x 39.36x 34.06x
32.36x 33.46x 26.56x 29.17x 32.01x 29.13x 30.37x 29.05x
38.84x 38.19x 31.19x 37.89x 33.88x 36.48x 31.48x 30.99x
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
36.44x 34.93x 30.76x 31.48x 32.47x 31.25x 33.74x 30.93x
42.08x 38.68x 36.86x 36.33x 36.05x 35.20x 37.59x 33.45x
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3 3 3 33 3 3 3 33
30.81x 31.60x 24.89x 27.50x 30.13x 27.81x 29.74x 28.46x
37.27x 36.07x 29.40x 35.91x 31.89x 34.84x 30.84x 30.44x
12.65x 12.19x 10.75x 11.62x 11.40x 12.00x 12.88x 11.21x
14.50x 13.45x 12.88x 13.62x 13.52x 13.99x 14.93x 11.95x
10.73x 11.04x 8.70x 9.62x 10.27x 9.76x 11.08x 10.53x
12.96x 12.60x 10.28x 13.47x 10.95x 13.84x 11.49x 10.87x
13.09x 12.54x 10.96x 11.92x 11.65x 12.25x 13.93x 13.82x
15.20x 14.00x 13.33x 14.04x 13.93x 14.36x 16.03x 15.57x
10.73x 11.43x 8.70x 9.91x 10.27x 10.00x 11.63x 10.53x
13.49x 13.05x 10.60x 13.88x 11.22x 14.21x 15.13x 13.76x
51.33x 42.70x 37.59x 33.03x 33.55x 34.06x 36.00x 32.19x
59.20x 52.64x 43.27x 37.88x 37.58x 38.68x 41.39x 35.62x
46.63x 36.79x 30.40x 28.47x 30.42x 28.68x 28.85x 27.56x
50.64x 42.28x 30.55x 37.43x 32.36x 38.27x 29.95x 32.31x
53.49x 44.87x 39.57x 34.51x 34.94x 35.42x 37.22x 33.35x
61.11x 54.90x 45.42x 39.31x 39.01x 40.05x 42.76x 36.86x
48.88x 38.93x 32.03x 30.09x 31.78x 30.05x 29.86x 28.57x
52.90x 44.44x 32.17x 38.85x 33.73x 39.63x 30.96x 33.54x
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Mar-31-2006 Jun-30-2006 Sep-29-2006 Dec-29-2006 Mar-30-2007 Jun-29-2007 Sep-28-2007 Dec-31-2007
6.70x 5.61x 5.18x 6.52x 7.11x 6.97x 6.27x 4.59x
6.99x 6.63x 5.75x 7.14x 7.52x 7.95x 7.05x 6.30x
6.41x 4.89x 4.47x 5.68x 6.37x 6.37x 5.47x 3.61x
6.48x 5.30x 5.72x 6.92x 7.38x 6.56x 6.30x 3.63x
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
16.52x 13.69x 13.04x 16.39x 17.56x 16.97x 15.24x 11.15x
17.54x 16.25x 14.67x 17.88x 18.74x 19.55x 17.09x 15.31x
15.76x 11.92x 10.91x 14.50x 15.70x 15.45x 13.30x 8.75x
15.87x 12.92x 14.59x 17.33x 18.13x 15.91x 15.32x 8.81x
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
17.93x 14.89x 14.16x 17.79x 18.99x 18.32x 16.47x 12.06x
19.08x 17.65x 15.92x 19.42x 20.34x 21.12x 18.44x 16.56x
17.13x 12.96x 11.86x 15.74x 16.94x 16.68x 14.38x 9.47x
17.25x 14.05x 15.83x 18.82x 19.59x 17.17x 16.56x 9.53x
29.91x 24.95x 23.89x 29.84x 32.02x 30.80x 27.87x 21.07x
32.09x 29.31x 27.28x 32.31x 33.81x 35.53x 30.90x 28.11x
28.48x 21.92x 20.20x 26.93x 28.95x 28.10x 24.58x 17.03x
28.67x 23.61x 27.09x 31.35x 33.06x 28.89x 28.02x 17.13x
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
29.91x 25.06x 23.78x 29.64x 31.54x 30.31x 27.44x 20.72x
31.52x 29.47x 27.09x 32.10x 33.59x 34.89x 30.43x 27.67x
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28.63x 22.00x 20.28x 26.73x 28.48x 27.67x 24.19x 16.74x
28.82x 23.71x 26.89x 31.14x 32.46x 28.44x 27.58x 16.83x
10.22x 8.15x 8.98x 12.40x 12.37x 11.15x 9.43x 6.97x
11.26x 9.95x 10.78x 13.63x 14.26x 13.39x 11.03x 9.25x
9.67x 7.05x 6.50x 10.64x 10.88x 10.03x 8.08x 5.65x
9.73x 7.60x 10.70x 13.22x 12.46x 10.31x 9.22x 5.68x
12.07x 9.49x 10.40x 14.99x 14.44x 12.80x 10.46x 7.75x
14.25x 12.00x 13.50x 16.97x 17.76x 15.89x 12.79x 10.49x
9.77x 8.21x 7.68x 11.92x 10.88x 10.37x 8.44x 6.15x
11.74x 8.98x 13.41x 16.46x 14.78x 11.96x 10.45x 6.45x
30.92x 26.94x 24.60x 31.46x 33.03x 31.38x 29.11x 21.63x
33.50x 30.15x 26.70x 34.73x 36.39x 35.49x 31.72x 29.08x
29.25x 24.26x 22.16x 26.38x 30.14x 28.69x 25.25x 16.84x
29.45x 26.30x 26.54x 33.66x 32.92x 29.54x 29.08x 16.94x
32.54x 28.95x 26.18x 32.50x 34.38x 32.99x 31.01x 23.72x
34.74x 31.92x 28.02x 35.71x 37.37x 36.98x 33.38x 31.17x
31.02x 26.36x 23.33x 27.56x 31.63x 30.35x 27.34x 18.92x
31.22x 28.41x 27.72x 34.64x 34.41x 31.20x 31.17x 19.03x
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Mar-31-2008 Jun-30-2008 Sep-30-2008 Dec-30-2008 Mar-31-2009 Jun-30-2009 Sep-30-2009 Dec-31-2009
3.33x 3.62x 2.80x 1.75x 1.41x 2.20x 2.65x 3.15x
3.80x 3.99x 3.13x 2.28x 2.09x 2.62x 3.07x 3.38x
2.84x 3.03x 2.26x 1.23x 1.04x 1.56x 2.15x 2.83x
3.32x 3.03x 2.39x 1.92x 1.53x 2.48x 3.01x 3.31x
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
8.07x 8.88x 6.99x 4.44x 3.69x 6.05x 7.66x 9.34x
9.24x 9.79x 7.98x 5.66x 5.30x 7.28x 9.03x 10.01x
6.88x 7.44x 5.62x 3.12x 2.73x 4.09x 5.97x 8.30x
8.06x 7.44x 5.94x 4.88x 4.03x 6.87x 8.83x 9.82x
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
8.73x 9.62x 7.58x 4.84x 4.05x 6.72x 8.59x 10.54x
10.00x 10.61x 8.67x 6.14x 5.79x 8.09x 10.16x 11.31x
7.45x 8.07x 6.10x 3.40x 3.01x 4.50x 6.64x 9.35x
8.71x 8.07x 6.44x 5.32x 4.44x 7.65x 9.95x 11.10x
15.80x 17.21x 13.26x 8.50x 7.05x 11.40x 14.87x 18.23x
17.23x 18.97x 14.96x 11.04x 9.94x 13.64x 17.61x 19.45x
13.79x 14.63x 10.97x 6.07x 5.38x 7.77x 11.33x 16.27x
15.92x 14.63x 11.54x 9.19x 7.66x 12.93x 17.24x 19.11x
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
15.43x 16.78x 13.43x 8.69x 7.26x 11.82x 15.18x 18.54x
16.84x 18.49x 15.05x 11.26x 10.17x 14.14x 17.84x 19.79x
13 55 14 26 11 18 6 21 5 56 8 02 11 75 16 49
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13.55x 14.26x 11.18x 6.21x 5.56x 8.02x 11.75x 16.49x
15.51x 14.26x 11.77x 9.40x 7.92x 13.40x 17.46x 19.45x
6.38x 7.82x 6.32x 4.46x 3.47x 4.97x 5.60x 6.13x
7.47x 8.76x 7.00x 5.33x 5.33x 5.84x 6.31x 6.59x
4.57x 6.76x 5.29x 3.25x 2.57x 3.71x 4.85x 5.50x
6.72x 6.76x 5.56x 4.93x 3.66x 5.54x 6.17x 6.32x
7.28x 9.22x 7.33x 5.36x 4.21x 5.93x 6.55x 7.17x
8.60x 10.80x 8.51x 6.61x 6.61x 7.15x 7.62x 7.97x
5.20x 7.57x 5.58x 3.95x 3.08x 4.34x 5.19x 5.50x
7.94x 8.33x 6.71x 6.11x 4.61x 6.78x 7.46x 7.60x
15.21x 17.60x 13.96x 9.10x 8.77x 12.25x 13.83x 13.67x
16.93x 20.06x 15.60x 11.31x 11.00x 13.99x 15.86x 16.66x
13.24x 15.24x 11.22x 6.46x 6.77x 10.13x 11.48x 11.66x
15.40x 15.24x 11.87x 10.12x 9.98x 13.22x 15.52x 13.31x
16.79x 18.70x 15.01x 9.86x 9.54x 13.10x 14.91x 14.84x
19.01x 21.05x 16.59x 12.39x 11.66x 14.86x 17.09x 17.89x
14.99x 16.23x 12.31x 7.12x 7.57x 10.92x 12.34x 12.80x
16.78x 16.23x 12.95x 10.78x 10.77x 14.08x 16.74x 14.45x
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Mar-31-2010 Jun-30-2010 Sep-30-2010 Dec-31-2010 Mar-31-2011 Jun-30-2011 Sep-30-2011 Dec-30-2011
3.19x 3.44x 3.04x 3.93x 3.89x 4.05x 3.96x 3.99x
3.52x 3.73x 3.39x 4.41x 4.13x 4.39x 4.66x 4.29x
2.89x 2.99x 2.76x 3.32x 3.50x 3.57x 3.03x 3.37x
3.39x 2.99x 3.33x 4.18x 3.67x 4.39x 3.45x 3.95x
- - - - - 3.68x 3.55x 3.51x
- - - - - 4.01x 4.23x 3.78x
- - - - - 3.24x 2.69x 2.98x
- - - - - 3.99x 3.06x 3.48x
9.48x 10.03x 8.66x 11.06x 10.88x 11.57x 11.46x 11.66x
10.43x 11.07x 9.58x 12.39x 11.58x 12.65x 13.41x 12.58x
8.61x 8.64x 7.81x 9.39x 9.81x 10.00x 8.81x 9.79x
10.10x 8.64x 9.41x 11.74x 10.27x 12.65x 10.05x 11.59x
- - - - - 10.57x 10.11x 9.99x
- - - - - 11.52x 12.16x 10.78x
- - - - - 9.24x 7.59x 8.44x
- - - - - 11.46x 8.65x 9.90x
10.67x 11.21x 9.63x 12.22x 11.99x 12.71x 12.57x 12.75x
11.78x 12.44x 10.63x 13.67x 12.78x 13.89x 14.73x 13.75x
9.67x 9.66x 8.67x 10.43x 10.79x 11.00x 9.66x 10.73x
11.35x 9.66x 10.44x 12.96x 11.30x 13.89x 11.01x 12.67x
18.61x 19.45x 16.89x 20.90x 20.07x 20.54x 20.14x 20.38x
20.19x 21.54x 18.76x 23.08x 21.62x 22.19x 23.47x 21.97x
17.05x 17.09x 15.35x 18.41x 18.10x 18.44x 15.74x 17.32x
19.80x 17.09x 18.44x 21.92x 18.90x 22.19x 17.75x 20.21x
- - - - - 18.69x 17.75x 17.21x
- - - - - 20.23x 21.27x 18.45x
- - - - - 16.67x 13.58x 14.92x
- - - - - 20.11x 15.29x 17.01x
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Mar-30-2012 Jun-29-2012 Sep-20-2012
4.47x 4.06x 3.29x
4.84x 4.80x 3.65x
3.89x 3.28x 2.79x
4.73x 3.43x 3.35x
3.91x 3.58x 2.94x
4.23x 4.20x 3.21x
3.42x 2.89x 2.49x
4.13x 3.02x 3.00x
13.19x 11.81x 9.54x
14.31x 14.20x 10.57x
11.39x 9.50x 8.08x
13.97x 9.92x 9.69x
10.94x 9.93x 8.47x
11.79x 11.70x 9.36x
9.73x 8.00x 7.07x
11.52x 8.36x 8.80x
14.39x 12.87x 10.38x
15.61x 15.49x 11.50x
12.45x 10.34x 8.78x
15.25x 10.80x 10.54x
22.83x 20.61x 16.57x
24.74x 24.57x 18.55x
19.88x 16.77x 13.97x
24.20x 17.47x 16.72x
19.01x 17.26x 14.75x
20.57x 20.40x 16.27x
16.73x 14.02x 12.39x
20.09x 14.61x 15.34x
25.05x 22.38x 18.14x
27.22x 27.02x 20.05x
21.58x 18.12x 15.42x
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26.62x 18.88x 18.44x
11.20x 10.20x 8.32x
12.16x 12.07x 9.20x
9.63x 8.32x 7.09x
11.89x 8.67x 8.44x
13.37x 12.13x 9.77x
14.98x 14.87x 11.34x
10.54x 10.24x 7.09x
14.65x 10.68x 10.47x
20.03x 19.22x 16.86x
21.54x 21.08x 18.56x
18.91x 16.68x 15.38x
20.04x 17.42x 16.47x
21.02x 20.22x 17.82x
22.51x 22.08x 19.55x
19.92x 17.67x 16.30x
21.05x 18.41x 17.39x
Coach, Inc. (NYSE:COH) > Financials > Historical Capitalization
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In Millions of the trading currency, except per share items. Frequency: Quarterly Order: Latest on Right
Currency: Trading Currency Conversion: HistoricalUnits: S&P Capital IQ (Defau Decimals: Capital IQ (Default)
Historical Capitalization
Balance Sheet as of:
Sep-30-2000 Dec-30-2000 Mar-31-2001 Jun-30-2001 Sep-29-2001
Pricing as of* Nov-14-2000 Feb-06-2001 May-09-2001 Sep-21-2001 Nov-13-2001
Currency USD USD USD USD USD
Capitalization Detail
Share Price $2.84 $4.27 $3.98 $2.88 $4.0Shares Out. 339.2 339.2 348.1 350.3 347.5
Market Capitalization 964.7 1,446.9 1,383.7 1,007.0 1,390.1
- Cash & Short Term Investments 0.2 37.2 7.2 3.7 4.7
+ Total Debt 19.1 62.2 30.5 11.4 44.2
+ Pref. Equity - - - - -
+ Total Minority Interest - - - - 14.1
= Total Enterprise Value (TEV) 983.7 1,471.8 1,407.0 1,014.8 1,443.6
Book Value of Common Equity 156.5 127.9 136.0 148.3 156.9+ Pref. Equity - - - - -
+ Total Minority Interest - - - - 14.1
+ Total Debt 19.1 62.2 30.5 11.4 44.2
= Total Capital 175.7 190.0 166.5 159.7 215.1
* Pricing as of the filing date of the balance sheet period end date. For
TEV calculation purposes on this page Capital IQ only uses balance
sheet components from the original filing that is publicly available as
of a given pricing date and does not use restated balance sheet data
from a later filing. In the cases where a company did not disclose
balance sheet values for a particular period, TEV is calculated using
balance sheet components from the last reported balance sheet as of
this date. The table above is organized along period end dates.
** For companies that have multiple share classes that publicly trade,
we are incorporating the different prices to calculate our company
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level market capitalization. Please click on the value to see the
detailed calculation. Prices shown on this page are the close price of
the companys primary stock class. Shares shown on this page are
total company as-reported share values.
Financial data provided by
Historical Equity Pricing Data supplied by
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Dec-27-2003 Mar-27-2004 Jul-03-2004 Oct-02-2004 Jan-01-2005 Apr-02-2005 Jul-02-2005 Oct-01-2005
Feb-06-2004 May-07-2004 Sep-16-2004 Nov-08-2004 Feb-10-2005 May-12-2005 Sep-09-2005 Nov-09-2005
USD USD USD USD USD USD USD USD
$18.94 $20.65 $21.82 $23.6 $27.0 $27.83 $33.22 $33.85373.3 373.3 376.1 377.8 377.8 382.4 380.1 380.2
7,069.0 7,709.2 8,205.4 8,916.7 10,201.4 10,641.8 12,627.4 12,868.3
372.8 445.3 434.4 441.9 526.6 495.7 383.1 447.6
38.0 16.8 5.2 26.5 53.9 24.7 15.7 8.1
- - - - - - - -
30.1 35.3 40.2 43.1 49.5 53.7 - -
6,764.3 7,316.0 7,816.4 8,544.5 9,778.1 10,224.6 12,260.1 12,428.8
589.7 673.6 782.3 790.1 987.5 913.5 1,032.8 1,166.8
- - - - - - - -
30.1 35.3 40.2 43.1 49.5 53.7 - -
38.0 16.8 5.2 26.5 53.9 24.7 15.7 8.1
657.8 725.8 827.7 859.7 1,090.8 992.0 1,048.5 1,174.9
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Dec-31-2005 Apr-01-2006 Jul-01-2006 Sep-30-2006 Dec-30-2006 Mar-31-2007 Jun-30-2007 Sep-29-2007
Feb-09-2006 May-05-2006 Aug-25-2006 Nov-07-2006 Feb-08-2007 May-04-2007 Aug-23-2007 Nov-08-2007
USD USD USD USD USD USD USD USD
$35.62 $31.86 $29.01 $39.49 $47.51 $49.14 $44.14 $32.3383.4 383.4 365.9 367.5 370.2 371.1 373.1 371.9
13,655.2 12,213.8 10,613.7 14,511.7 17,586.9 18,237.6 16,468.3 12,012.0
746.0 838.4 537.6 456.3 819.9 936.2 1,185.8 1,235.4
16.5 5.1 3.3 10.5 17.4 3.1 3.1 2.9
- - - - - - - -
- - - - - - - -
12,925.7 11,380.6 10,079.4 14,065.8 16,784.4 17,304.5 15,285.6 10,779.5
1,360.0 1,514.8 1,188.7 1,192.1 1,482.9 1,705.4 1,910.4 2,005.8
- - - - - - - -
- - - - - - - -
16.5 5.1 3.3 10.5 17.4 3.1 3.1 2.9
1,376.5 1,520.0 1,192.0 1,202.6 1,500.3 1,708.5 1,913.5 2,008.7
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Dec-29-2007 Mar-29-2008 Jun-28-2008 Sep-27-2008 Dec-27-2008 Mar-28-2009 Jun-27-2009 Sep-26-2009
Feb-06-2008 May-07-2008 Aug-21-2008 Oct-31-2008 Feb-04-2009 May-06-2009 Aug-19-2009 Nov-04-2009
USD USD USD USD USD USD USD USD
$29.87 $35.11 $28.37 $20.6 $14.64 $25.86 $28.17 $32.37351.9 341.3 336.9 326.9 321.0 317.6 317.6 318.9
10,511.6 11,983.0 9,557.5 6,734.6 4,699.9 8,212.7 8,946.3 10,323.7
891.3 616.2 698.9 409.5 424.2 551.3 800.4 994.7
17.1 13.9 2.9 2.6 27.5 27.5 33.1 76.3
- - - - - - - -
- - - - - - - -
9,637.4 11,380.7 8,861.5 6,327.7 4,303.2 7,688.9 8,179.1 9,405.3
1,581.9 1,458.5 1,515.8 1,351.0 1,466.0 1,541.9 1,696.0 1,841.0- - - - - - - -
- - - - - - - -
17.1 13.9 2.9 2.6 27.5 27.5 33.1 76.3
1,598.9 1,472.4 1,518.7 1,353.6 1,493.5 1,569.4 1,729.1 1,917.3
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Dec-26-2009 Mar-27-2010 Jul-03-2010 Oct-02-2010 Jan-01-2011 Apr-02-2011 Jul-02-2011 Oct-01-2011
Feb-03-2010 May-05-2010 Aug-25-2010 Nov-08-2010 Feb-09-2011 May-11-2011 Aug-19-2011 Nov-09-2011
USD USD USD USD USD USD USD USD
$35.49 $40.78 $37.85 $53.02 $57.41 $59.78 $45.96 $62.56314.2 314.2 297.4 296.4 295.8 293.6 289.0 291.8
11,151.0 12,813.1 11,256.8 15,714.1 16,980.4 17,551.6 13,283.5 18,256.6
1,103.2 907.7 696.4 712.0 939.8 886.2 702.0 848.0
25.1 25.0 24.9 34.1 64.7 31.9 24.2 30.2
- - - - - - - -
- - - - - - - -
10,072.9 11,930.4 10,585.3 15,036.3 16,105.3 16,697.4 12,605.7 17,438.9
1,865.6 1,663.4 1,505.3 1,582.7 1,738.5 1,742.7 1,612.6 1,816.5- - - - - - - -
- - - - - - - -
25.1 25.0 24.9 34.1 64.7 31.9 24.2 30.2
1,890.6 1,688.4 1,530.2 1,616.8 1,803.2 1,774.6 1,636.7 1,846.7
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Dec-31-2011 Mar-31-2012 Jun-30-2012
Feb-08-2012 May-09-2012 Aug-22-2012
USD USD USD
$73.21 $69.58 $55.55287.8 287.4 285.2
21,067.5 19,995.3 15,842.1
1,085.6 929.7 917.2
24.0 23.5 23.4
- - -
- - -
20,005.9 19,089.1 14,948.2
1,868.7 1,938.9 1,992.9- - -
- - -
24.0 23.5 23.4
1,892.7 1,962.4 2,016.3
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Coach, Inc. (NYSE:COH) > Financials > Capital Structure Summary
In Millions of the reported currency, except ratios and % of Total
values. Restatement: Latest Filings
Period Type: Annual
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g yp
Currency: Reported Currency Conversion: Historical
Units: S&P Capital IQ (Defau Decimals: Capital IQ (Default)
Order: Latest on Right
Capital Structure Data
For the Fiscal Period Ending
Currency USD USD USD
Units Millions % of Total Millions % of Total Millions
Total Debt 11.4 7.2% 37.9 12.1% 30.1
Total Common Equity 148.3 92.8% 260.4 83.2% 426.9
Total Minority Interest - - 14.5 4.7% 22.2
Total Capital 159.7 100.0% 312.8 100.0% 479.2
Debt Summary Data
For the Fiscal Period Ending
Currency USD USD USD
Units Millions % of Total Millions % of Total Millions
Total Revolving Credit - - 34.2 90.3% 26.5
Total Senior Bonds and Notes - - 3.7 9.7% 3.6
Total Principal Due - - 37.9 100.0% 30.1
Total Debt Outstanding 11.4 100.0% 37.9 100.0% 30.1
Available Credit
Undrawn Revolving Credit - - 25.9 - -
Total Undrawn Credit - - 25.9 - -
Additional Totals
Total Cash & ST Investments 3.7 - 94.0 - 229.2
Net Debt 7.7 - (56.1) - (199.1)
Total Senior Debt - - 37.9 100.0% 3.6
Total Short-Term Borrowings 7.7 67.3% 34.2 90.3% 26.5
Curr. Port. of LT Debt/Cap. Leases 0.0 0.4% 0.1 0.2% 0.1Long-Term Debt (Incl. Cap. Leases) 3.7 32.3% 3.6 9.5% 3.5
12 months Jun-30-2001 12 months Jun-29-2002 12 months
12 months Jun-30-2001 12 months Jun-29-2002 12 months
Total Bank Debt - - 34.2 90.3% 26.5
Total Secured Debt - - - - -
Senior Secured Bonds and Notes - - - - -
Total Senior Secured Debt - - - - -
Total Unsecured Debt - - 37.9 100.0% 30.1
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Senior Unsecured Bonds and Notes - - 3.7 9.7% 3.6Total Non-Recourse Debt - - - - 26.5
Fixed Rate Debt - - 3.7 9.7% 3.6
Variable Rate Debt - - 34.2 90.3% 26.5
Credit Ratios
Net Debt/EBITDA 0.1x - NM - NM
Total Debt/EBITDA 0.1x - 0.2x - 0.1x
Total Senior Debt/EBITDA - - 0.2x - 0.0x
Total Senior Secured/EBITDA - - - - -
Net Debt/(EBITDA-CAPEX) 0.1x - NM - NM
Total Debt/(EBITDA-CAPEX) 0.1x - 0.3x - 0.1x
Total Senior Debt/(EBITDA-CAPEX) - - 0.3x - 0.0x
Total Senior Secured/(EBITDA-CAPEX) - - - - -
Fixed Payment Schedule
LT Debt (Incl. Cap. Leases) Due +1 0.0 0.4% - - -
LT Debt (Incl. Cap. Leases) Due +2 - - - - -
LT Debt (Incl. Cap. Leases) Due +3 - - - - -
LT Debt (Incl. Cap. Leases) Due +4 - - - - -LT Debt (Incl. Cap. Leases) Due +5 - - - - -
LT Debt (Incl. Cap. Leases) Due, Next 5 Yrs 0.0 0.4% - - -
LT Debt (Incl. Cap. Leases) Due, After 5 Yrs - - - - -
Cap. Lease Payment Due +1 - - 0.1 - 0.1
Cap. Lease Payment Due +2 - - 0.1 - 0.1
Cap. Lease Payment Due +3 - - 0.1 - 0.2
Cap. Lease Payment Due +4 - - 0.2 - 0.2
Cap. Lease Payment Due +5 - - 0.2 - 0.2
Cap. Lease Payment Due, Next 5 Yrs - - 0.6 - 0.8Cap. Lease Payment Due, After 5 Yrs - - 3.1 - 2.9
Operating Lease Commitment Due +1 28.5 - 38.8 - 47.0
Operating Lease Commitment Due +2 28.2 - 37.5 - 46.2
Operating Lease Commitment Due +3 27.6 - 36.4 - 44.4
Operating Lease Commitment Due +4 26.9 - 35.1 - 41.2
Operating Lease Commitment Due +5 25.7 - 32.3 - 37.8
Operating Lease Commitment Due, Next 5 Yrs 136.8 - 180.0 - 216.6
Operating Lease Commitment Due, After 5 Yrs 125.1 - 146.2 - 163.0
Contractual Obligations Due +1 - - - - -
Contractual Obligations Due, Next 5 Yrs - - - - -
Total Contractual Obligations - - - - -
Interest Rate Data
Filing Date Sep-18-2003 - Sep-16-2004 - Sep-09-2005
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Financial data provided by
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88.0% 1.7 32.5% 12.3 78.2% - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
100.0% 5.2 100.0% 15.7 100.0% 3.3 100.0% 3.1
12 0% 3 5 67 5% 3 4 21 8% 3 3 100 0% 3 1
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12.0% 3.5 67.5% 3.4 21.8% 3.3 100.0% 3.188.0% - - - - - - -
12.0% 3.5 67.5% 3.4 21.8% 3.3 100.0% 3.1
88.0% 1.7 32.5% 12.3 78.2% - - -
- NM - NM - NM - NM
- 0.0x - 0.0x - 0.0x - 0.0x
- 0.0x - 0.0x - 0.0x - 0.0x
- - - - - - - -
- NM - NM - NM - NM
- 0.0x - 0.0x - 0.0x - 0.0x
- 0.0x - 0.0x - 0.0x - 0.0x
- - - - - - - -
- - - - - 0.2 5.2% 0.2
- - - - - 0.2 7.2% 0.3
- - - - - 0.3 8.7% 0.3
- - - - - 0.3 10.2% 0.4- - - - - 0.4 11.8% 0.4
- - - - - 1.4 43.1% 1.7
- - - - - 1.9 56.9% 1.4
- 0.1 - 0.2 - - - -
- 0.2 - 0.2 - - - -
- 0.2 - 0.2 - - - -
- 0.2 - 0.3 - - - -
- 0.3 - 0.3 - - - -
- 1.0 - 1.2 - - - -- 2.6 - 2.2 - - - -
- 56.6 - 62.6 - 77.2 - 89.0
- 57.2 - 57.9 - 75.9 - 89.3
- 52.2 - 57.2 - 73.8 - 86.5
- 51.3 - 53.8 - 70.1 - 83.9
- 47.4 - 48.5 - 67.4 - 78.6
- 264.8 - 280.1 - 364.4 - 427.3
- 184.9 - 175.0 - 222.9 - 256.5
- - - - - - - -
- - - - - - - -
- - - - - - - -
- Aug-25-2006 - Aug-23-2007 - Aug-21-2008 - Aug-19-2009
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USD USD USD USD
% of Total Millions % of Total Millions % of Total Millions % of Total Millions
0.2% 2.9 0.2% 33.1 1.9% 24.9 1.6% 24.2
99.8% 1,490.4 99.8% 1,696.0 98.1% 1,505.3 98.4% 1,612.6
- - - - - - - -
100.0% 1,493.2 100.0% 1,729.1 100.0% 1,530.2 100.0% 1,636.7
USD USD USD USD
% of Total Millions % of Total Millions % of Total Millions % of Total Millions
- - - 7.5 22.7% - - 0
100.0% 2.9 100.0% 25.6 77.3% 24.9 100.0% 24.2
100.0% 2.9 100.0% 33.1 100.0% 24.9 100.0% 24.2
100.0% 2.9 100.0% 33.1 100.0% 24.9 100.0% 24.2
- 113.5 - - - - - 103.1
- 113.5 - - - - - 103.1
- 698.9 - 800.4 - 696.4 - 702.0
- (696.0) - (767.3) - (671.5) - (677.9)
100.0% 2.9 100.0% 33.1 100.0% 24.9 100.0% 24.2
- - - 7.5 22.7% - - -
7.6% 0.3 9.9% 0.5 1.5% 0.7 3.0% 0.8
92.4% 2.6 90.1% 25.1 75.8% 24.2 97.0% 23.4
un-30-2007 12 months Jun-28-2008 12 months Jun-27-2009 12 months Jul-03-2010 12 months
un-30-2007 12 months Jun-28-2008 12 months Jun-27-2009 12 months Jul-03-2010 12 months
- - - 7.5 22.7% - - 0
- - - 23.0 69.5% 22.7 91.0% 22.3
- - - 23.0 69.5% 22.7 91.0% 22.3
- - - 23.0 69.5% 22.7 91.0% 22.3
100.0% 2.9 100.0% 10.1 30.5% 2.2 9.0% 1.9
100.0% 2 9 100.0% 2 6 7.8% 2 2 9.0% 1 9
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100.0% 2.9 100.0% 2.6 7.8% 2.2 9.0% 1.9- - - - - - - -
100.0% 2.9 100.0% 25.6 77.3% 24.9 100.0% 24.2
- - - 7.5 22.7% - - 0
- NM - NM - NM - NM
- 0.0x - 0.0x - 0.0x - 0.0x
- 0.0x - 0.0x - 0.0x - 0.0x
- - - 0.0x - 0.0x - 0.0x
- NM - NM - NM - NM
- 0.0x - 0.0x - 0.0x - 0.0x
- 0.0x - 0.0x - 0.0x - 0.0x
- - - 0.0x - 0.0x - 0.0x
7.6% 0.3 9.9% 0.5 1.5% 0.7 3.0% 0.8
9.2% 0.3 11.7% 0.7 2.3% 0.8 3.2% 22.4
10.8% 0.4 13.4% 0.8 2.4% 22.4 89.9% 0.5
12.4% 0.4 14.7% 22.4 67.6% 0.5 2.0% 0.5
13.5% 0.5 15.9% 0.5 1.5% 0.5 1.9% -
53.5% 1.9 65.6% 24.9 75.4% 24.9 100.0% 24.2
46.5% 1.0 34.4% 0.7 2.0% - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -- - - - - - - -
- 112.9 - 127.3 - 137.9 - 152.9
- 110.6 - 123.9 - 131.5 - 148.3
- 107.4 - 114.4 - 119.6 - 140.0
- 102.5 - 103.9 - 109.7 - 133.6
- 96.1 - 90.0 - 95.8 - 93.8
- 529.5 - 559.5 - 594.5 - 668.6
- 371.5 - 317.9 - 328.3 - 350.7
- - - - - 168.2 - 196.5
- - - - - 168.2 - 196.5
- - - - - 168.2 - 196.5
- Aug-25-2010 - Aug-19-2011 - Aug-22-2012 - Aug-22-2012
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USD
% of Total Millions % of Total
1.5% 23.4 1.2%
98.5% 1,992.9 98.8%
- - -
100.0% 2,016.3 100.0%
USD
% of Total Millions % of Total
0.0% 0 0.0%
100.0% 23.4 100.0%
100.0% 23.4 100.0%
100.0% 23.4 100.0%
- 839.4 -
- 839.4 -
- 917.2 -
- (893.9) -
100.0% 23.4 100.0%
- - -
3.3% 22.4 95.8%
96.7% 1.0 4.2%
Jul-02-2011 12 months Jun-30-2012
Jul-02-2011 12 months Jun-30-2012
0.0% 0 0.0%
92.3% 21.9 93.8%
92.3% 21.9 93.8%
92.3% 21.9 93.8%
7.7% 1.4 6.2%
7.7% 1.4 6.2%
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- - -
100.0% 23.4 100.0%
0.0% 0 0.0%
- NM -
- 0.0x -
- 0.0x -
- 0.0x -
- NM -- 0.0x -
- 0.0x -
- 0.0x -
3.3% 22.4 95.8%
92.6% 0.5 2.1%
2.1% 0.5 2.1%
2.0% - -
- - -
100.0% 23.4 100.0%
- - -
- - -
- - -
- - -
- - -
- - -
- - -- - -
- 179.3 -
- 169.8 -
- 154.4 -
- 124.2 -
- 109.2 -
- 737.0 -
- 338.5 -
- 213.4 -
- 213.4 -
- 213.4 -
- Aug-22-2012 -
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Coach, Inc. (NYSE:COH) > Financials > Capital Structure Details
Principal Due in Millions of the
reported currency. Period Type: Annual
Source: A 2012 filed Aug-22-2012
Currency: Reported Currency Conversion: HistoricalUnits: S&P Capital IQ (Default) Decimals: Capital IQ (Default)
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Units: S&P Capital IQ (Default) Decimals: Capital IQ (Default)
FY 2012 (Jun-30-2012) Capital Structure As Reported Details
Description Type Principal Due (USD)
Coupon/Base
Rate FloatingRate Maturity Seniority
Chinese Credit Facilities Revolving Credit - NA PBOC Rate + 2.000% Jul-26-2012 Senior Industrial Revenue Bond
Related to Its Jacksonville
Bonds and Notes 1.4 4.500% NA Aug-01-2014 Senior
Japanese Credit Facilities Revolving Credit - NA TIBOR + 0.300% - Senior
Mortgages Bonds and Notes 21.9 4.680% NA Jun-01-2013 Senior
Revolving Credit Facility with
Certain Lenders and Bank of
America
Revolving Credit - NA Various Benchmarks - Senior
FY 2011 (Jul-02-2011) Capital Structure As Reported Details
Description Type Principal Due (USD)
Coupon/Base
Rate FloatingRate Maturity Seniority
Chinese Credit Facilities Revolving Credit - NA PBOC Rate + 2.000% Jul-26-2012 Senior
Industrial Revenue Bond
Related to Its Jacksonville
Bonds and Notes 1.9 4.500% NA Aug-01-2014 Senior
Japanese Credit Facilities Revolving Credit - NA TIBOR + 0.300% - Senior
Mortgages Bonds and Notes 22.3 4.680% NA Jun-01-2013 Senior
Revolving Credit Facility with
Certain Lenders and Bank of
America
Revolving Credit - NA LIBOR + 0.550% Jul-26-2012 Senior
Financial data provided by
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Secured Convertible
Repaymen
t Currency
No No CNY
No No USD
No No JPY
Yes No USD
No No USD
Secured Convertible
Repaymen
t Currency
No No CNY
No No USD
No No JPY
Yes No USD
No No USD
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Total Debt/Equity 7.7% 13.8% 6.7% 0.6% 1.5%
Total Debt/Capital 7.2% 12.1% 6.3% 0.6% 1.5%
LT Debt/Equity 2.5% 1.3% 0.8% 0.4% 0.3%
LT Debt/Capital 2.3% 1.2% 0.7% 0.4% 0.3%
Total Liabilities/Total Assets 42.7% 37.6% 27.3% 21.3% 22.9%
EBIT / Interest Exp. 41.5x 120.6x NM NA NA
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EBITDA / Interest Exp. 50.9x 143.3x NM NA NA
(EBITDA-CAPEX) / Interest Exp. 38.4x 105.3x NM NA NA
Total Debt/EBITDA 0.1x 0.2x 0.1x 0.0x 0.0x
Net Debt/EBITDA 0.1x NM NM NM NM
Total Debt/(EBITDA-CAPEX) 0.1x 0.3x 0.1x 0.0x 0.0x
Net Debt/(EBITDA-CAPEX) 0.1x NM NM NM NM
Altman Z Score 10.58 9.94 14.62 21.77 21.97
Growth Over Prior Year
Total Revenue 11.7% 19.8% 32.5% 38.6% 25.0%
Gross Profit 20.3% 26.5% 40.1% 46.2% 28.0%
EBITDA 65.8% 23.5% 69.9% 61.8% 31.8%
EBITA 88.3% 26.5% 78.7% 66.2% 32.4%
EBIT 89.7% 27.6% 78.7% 66.2% 32.4%
Earnings from Cont. Ops. 65.9% 34.3% 79.3% 66.0% 36.8%
Net Income 65.9% 34.0% 70.8% 62.3% 50.7%
Normalized Net Income 86.9% 30.1% 79.9% 66.8% 35.2%
Diluted EPS before Extra 38.2% 23.7% 67.9% 57.2% 39.2%
Accounts Receivable 32.4% 50.1% 14.7%