Company: IPAR
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001753926-25-001236
Chunk: 26

Company: INTERPARFUMS INC
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 7
Chunk 26
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INTERPARFUMS, INC. AND SUBSIDIARIES
 
Part
I. Financial Information

Item
                          1.
Financial
                                         Statements

In
our opinion, the accompanying unaudited consolidated financial statements contain all adjustments (consisting only of normal recurring
adjustments) necessary to present fairly our financial position, results of operations and cash flows for the interim periods
presented. We have condensed such financial statements in accordance with the rules and regulations of the Securities and Exchange
Commission (“SEC”). Therefore, such financial statements do not include all disclosures required by accounting principles
generally accepted in the United States of America. In preparing these consolidated financial statements, the Company has evaluated
events and transactions for potential recognition or disclosure through the date the consolidated financial statements were issued
by filing with the SEC. These financial statements should be read in conjunction with our audited financial statements for the
year ended December 31, 2024, included in our annual report filed on Form 10-K.
 
The
results of operations for the six months ended June 30, 2025, are not necessarily indicative of the results to be expected
for the entire fiscal year.

Page 1

INTERPARFUMS, INC. AND SUBSIDIARIES
 
CONSOLIDATED
BALANCE SHEETS
 (In
thousands except share and per share data)
 (Unaudited)

ASSETS

June 30, 2025

December 31, 2024

Current assets:

Cash and cash equivalents
 
$
151,454

$
125,433

Short-term investments

53,901

109,311

Accounts receivable, net

296,043

274,705

Inventories

425,349

371,920

Receivables, other

8,133

6,122

Other current assets

50,083

27,035

Income taxes receivable

2,024

306

Total current assets

986,987

914,832

Property, equipment and leasehold improvements, net

185,356

153,773

Right-of-use assets, net

23,328

24,603

Trademarks, licenses and other intangible assets, net

333,353

282,484

Deferred tax assets

12,618

17,034

Other assets

20,106

18,535

Total assets
 
$
1,561,748

$
1,411,261

LIABILITIES