Print Page  Close Window

10-K
ICONIX BRAND GROUP, INC. filed this Form 10-K on 03/28/2019
Entire Document
 << Previous Page | Next Page >>

 

Iconix Brand Group, Inc. and Subsidiaries

Consolidated Balance Sheets

(in thousands, except par value)

 

 

 

December 31,

2018

 

 

December 31,

2017

 

Assets

 

 

 

 

 

 

 

 

Current Assets:

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

66,609

 

 

$

65,927

 

Restricted cash

 

 

16,026

 

 

 

48,766

 

Accounts receivable, net

 

 

37,671

 

 

 

66,625

 

Contract asset

 

 

4,802

 

 

 

 

Other assets – current

 

 

28,057

 

 

 

51,850

 

Total Current Assets

 

 

153,165

 

 

 

233,168

 

Property and equipment:

 

 

 

 

 

 

 

 

Furniture, fixtures and equipment

 

 

22,525

 

 

 

21,661

 

Less: Accumulated depreciation

 

 

(17,644

)

 

 

(15,567

)

 

 

 

4,881

 

 

 

6,094

 

Other Assets:

 

 

 

 

 

 

 

 

Other assets

 

 

5,979

 

 

 

6,268

 

Contract asset

 

 

14,560

 

 

 

 

Deferred income tax asset

 

 

 

 

 

4,492

 

Trademarks and other intangibles, net

 

 

337,700

 

 

 

465,722

 

Investments and joint ventures

 

 

89,691

 

 

 

90,887

 

Goodwill

 

 

26,099

 

 

 

63,882

 

 

 

 

474,029

 

 

 

631,251

 

Total Assets

 

$

632,075

 

 

$

870,513

 

Liabilities, Redeemable Non-Controlling Interest and Stockholders’ Deficit

 

 

 

 

 

 

 

 

Current liabilities:

 

 

 

 

 

 

 

 

Accounts payable and accrued expenses

 

$

44,856

 

 

$

49,191

 

Deferred revenue

 

 

5,405

 

 

 

5,525

 

Current portion of long-term debt

 

 

54,263

 

 

 

44,349

 

Other liabilities – current

 

 

9,788

 

 

 

13,581

 

Total current liabilities

 

 

114,312

 

 

 

112,646

 

Deferred income tax liability

 

 

4,566

 

 

 

11,466

 

Other tax liabilities

 

 

 

 

 

531

 

Long-term debt, less current maturities (includes $48,076 and $0, respectively, at fair

   value)

 

 

620,966

 

 

 

756,493

 

Other liabilities

 

 

3,829

 

 

 

10,066

 

Total Liabilities

 

$

743,673

 

 

$

891,202

 

Redeemable Non-Controlling Interests

 

 

34,137

 

 

 

30,287

 

Commitments and contingencies

 

 

 

 

 

 

 

 

Stockholders’ Deficit:

 

 

 

 

 

 

 

 

Common stock, $.001 par value shares authorized 260,000; shares issued 11,162

   and 9,016, respectively

 

 

11

 

 

 

9

 

Additional paid-in capital

 

 

1,037,372

 

 

 

1,044,599

 

Accumulated losses

 

 

(312,796

)

 

 

(223,718

)

Accumulated other comprehensive loss

 

 

(53,068

)

 

 

(51,280

)

Less: Treasury stock – 3,323 and 3,282 shares at cost, respectively

 

 

(844,253

)

 

 

(844,030

)

Total Iconix Brand Group, Inc. Stockholders’ Deficit

 

 

(172,734

)

 

 

(74,420

)

Non-controlling interests, net of installment payments due from non-controlling interest

   holders

 

 

26,999

 

 

 

23,444

 

Total Stockholders’ Deficit

 

$

(145,735

)

 

$

(50,976

)

Total Liabilities, Redeemable Non-Controlling Interest and Stockholders’ Deficit

 

$

632,075

 

 

$

870,513

 

 

See accompanying notes to consolidated financial statements

 

60


 << Previous Page | Next Page >>