Consolidated Income Statements for Urban Outfitters, Inc., 2018–2019 (in thousands, except per share data) Net sales (total revenue) Cost of sales Selling, general, and administrative Operating income Other income (expense) Other expenses Interest income and other, net Income before income taxes Provision for income taxes Net income Basic earnings per share Diluted earnings per share 2018 $3,616,014 2,440,507 915,615 $ 259,892 (4,840) 6,314 261,366 153,103 $ 108,263 $ $ 0.97 0.96 2019 $3,950,623 2,603,911 965,399 $ 381,313 (6,325) 10,565 385,553 87,550 $ 298,003 $ 2.75 $ 2.72 Consolidated Balance Sheets for Urban Outfitters, Inc., 2018-2019 (in thousands, except per share data) Assets Current Assets Cash and cash equivalents Short-term investments Receivables, net Merchandise inventories Prepaid expenses and other current assets Total current assets Net property and equipment Deferred income taxes and Other assets Total assets Liabilities and Shareholders' Equity Current Liabilities Accounts payable Accrued salaries and benefits Accrued expenses and Other current liabilities Total current liabilities Long-term debt Deferred rent and other liabilities Total liabilities Commitments and Contingencies Equity Preferred stock $.0001 par value; 10,000,000 shares authorized; no shares issued and outstanding Common stock $.0001 par value; 200,000,000 shares authorized; 105,642,283 and 108,248,568 shares issued and outstanding Additional paid-in capital Retained earnings Total stockholders' equity Total Liabilities and Equity January 31, 2018 $ 282,220 165,125 76,962 351,395 103,055 978,757 813,768 160,255 $1,952,780 $ 128,246 36,058 195,910 360,214 $ O 284,773 671,417 O 11 O 1,489,087 1,489,098 $ 2,160,515 January 31, 2019 $ 358,260 279,232 80,461 370,507 114,296 1,202,756 796,029 161,730 $ 2,160,515 $ 144,414 54,799 187,431 $ 386,644 $ O 291,663 651,877 0 11 684 1,300,208 1,300,90 $1,952,780
Consolidated Income Statements for Urban Outfitters, Inc., 2018–2019 (in thousands, except per share data) Net sales (total revenue) Cost of sales Selling, general, and administrative Operating income Other income (expense) Other expenses Interest income and other, net Income before income taxes Provision for income taxes Net income Basic earnings per share Diluted earnings per share 2018 $3,616,014 2,440,507 915,615 $ 259,892 (4,840) 6,314 261,366 153,103 $ 108,263 $ $ 0.97 0.96 2019 $3,950,623 2,603,911 965,399 $ 381,313 (6,325) 10,565 385,553 87,550 $ 298,003 $ 2.75 $ 2.72 Consolidated Balance Sheets for Urban Outfitters, Inc., 2018-2019 (in thousands, except per share data) Assets Current Assets Cash and cash equivalents Short-term investments Receivables, net Merchandise inventories Prepaid expenses and other current assets Total current assets Net property and equipment Deferred income taxes and Other assets Total assets Liabilities and Shareholders' Equity Current Liabilities Accounts payable Accrued salaries and benefits Accrued expenses and Other current liabilities Total current liabilities Long-term debt Deferred rent and other liabilities Total liabilities Commitments and Contingencies Equity Preferred stock $.0001 par value; 10,000,000 shares authorized; no shares issued and outstanding Common stock $.0001 par value; 200,000,000 shares authorized; 105,642,283 and 108,248,568 shares issued and outstanding Additional paid-in capital Retained earnings Total stockholders' equity Total Liabilities and Equity January 31, 2018 $ 282,220 165,125 76,962 351,395 103,055 978,757 813,768 160,255 $1,952,780 $ 128,246 36,058 195,910 360,214 $ O 284,773 671,417 O 11 O 1,489,087 1,489,098 $ 2,160,515 January 31, 2019 $ 358,260 279,232 80,461 370,507 114,296 1,202,756 796,029 161,730 $ 2,160,515 $ 144,414 54,799 187,431 $ 386,644 $ O 291,663 651,877 0 11 684 1,300,208 1,300,90 $1,952,780
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
Related questions
Question
calcuate and Evaluate each ratio you calculated. Did Urban Outfitters’s financial performance improve, weaken, or remain about the same from 2018 to 2019.
a) Return on assets
b) Long-term debt-to-equity ratio
c) Days of inventory
d) Inventory turnover ratio
e) Average collection period
Transcribed Image Text:Consolidated Income Statements for Urban Outfitters, Inc., 2018–2019 (in thousands, except per share data)
Net sales (total revenue)
Cost of sales
Selling, general, and administrative
Operating income
Other income (expense)
Other expenses
Interest income and other, net
Income before income taxes
Provision for income taxes
Net income
Basic earnings per share
Diluted earnings per share
2018
$3,616,014
2,440,507
915,615
$ 259,892
(4,840)
6,314
261,366
153,103
$ 108,263
$
$
0.97
0.96
2019
$3,950,623
2,603,911
965,399
$ 381,313
(6,325)
10,565
385,553
87,550
$ 298,003
$
2.75
$
2.72
Transcribed Image Text:Consolidated Balance Sheets for Urban Outfitters, Inc., 2018-2019 (in thousands, except per share data)
Assets
Current Assets
Cash and cash equivalents
Short-term investments
Receivables, net
Merchandise inventories
Prepaid expenses and other current assets
Total current assets
Net property and equipment
Deferred income taxes and Other assets
Total assets
Liabilities and Shareholders' Equity
Current Liabilities
Accounts payable
Accrued salaries and benefits
Accrued expenses and Other current liabilities
Total current liabilities
Long-term debt
Deferred rent and other liabilities
Total liabilities
Commitments and Contingencies
Equity
Preferred stock $.0001 par value; 10,000,000 shares authorized; no shares issued and outstanding
Common stock $.0001 par value; 200,000,000 shares authorized; 105,642,283 and 108,248,568 shares issued and outstanding
Additional paid-in capital
Retained earnings
Total stockholders' equity
Total Liabilities and Equity
January 31, 2018
$ 282,220
165,125
76,962
351,395
103,055
978,757
813,768
160,255
$1,952,780
$ 128,246
36,058
195,910
360,214
$
O
284,773
671,417
O
11
O
1,489,087
1,489,098
$ 2,160,515
January 31, 2019
$ 358,260
279,232
80,461
370,507
114,296
1,202,756
796,029
161,730
$ 2,160,515
$ 144,414
54,799
187,431
$ 386,644
$
O
291,663
651,877
0
11
684
1,300,208
1,300,90
$1,952,780
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