Victoria's Secret & Co. Cash Flow Statement

Financials in millions USD. Fiscal year is March - February.

Millions USD. Fiscal year is Mar - Feb.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2019 - 2020
Period Ending	Feb '25 Feb 1, 2025	Feb '24 Feb 3, 2024	Jan '23 Jan 28, 2023	Jan '22 Jan 29, 2022	Jan '21 Jan 30, 2021	2019 - 2020
Net Income	165	109	348	646	-72	Upgrade
Depreciation & Amortization	258	284	274	303	326	Upgrade
Loss (Gain) From Sale of Assets	-7	-	-	-	-	Upgrade
Asset Writedown & Restructuring Costs	-	-	-	-	215	Upgrade
Loss (Gain) From Sale of Investments	19	-	-	-	-	Upgrade
Loss (Gain) on Equity Investments	-	-	-	-	-54	Upgrade
Stock-Based Compensation	60	56	48	33	25	Upgrade
Other Operating Activities	-64	20	-38	1	-64	Upgrade
Change in Accounts Receivable	-8	-13	22	-21	36	Upgrade
Change in Inventory	29	36	-	-247	141	Upgrade
Change in Accounts Payable	-78	-11	-163	173	49	Upgrade
Change in Income Taxes	14	-26	-67	119	-25	Upgrade
Change in Other Net Operating Assets	37	-66	13	-156	97	Upgrade
Operating Cash Flow	425	389	437	851	674	Upgrade
Operating Cash Flow Growth	9.25%	-10.98%	-48.65%	26.26%	113.97%	Upgrade
Capital Expenditures	-178	-256	-164	-169	-127	Upgrade
Sale of Property, Plant & Equipment	25	-	-	-	-	Upgrade
Cash Acquisitions	-	1	-369	-	-	Upgrade
Investment in Securities	-	-	-18	-	-	Upgrade
Other Investing Activities	-	1	-4	-	4	Upgrade
Investing Cash Flow	-153	-254	-555	-169	-123	Upgrade
Long-Term Debt Issued	460	465	295	982	131	Upgrade
Long-Term Debt Repaid	-609	-619	-4	-1	-189	Upgrade
Net Debt Issued (Repaid)	-149	-154	291	981	-58	Upgrade
Issuance of Common Stock	5	3	5	5	-	Upgrade
Repurchase of Common Stock	-10	-137	-292	-254	-	Upgrade
Other Financing Activities	-161	-3	54	-1,259	-407	Upgrade
Financing Cash Flow	-315	-291	58	-527	-465	Upgrade
Foreign Exchange Rate Adjustments	-	-1	-3	-	4	Upgrade
Net Cash Flow	-43	-157	-63	155	90	Upgrade
Free Cash Flow	247	133	273	682	547	Upgrade
Free Cash Flow Growth	85.71%	-51.28%	-59.97%	24.68%	507.78%	Upgrade
Free Cash Flow Margin	3.96%	2.15%	4.30%	10.05%	10.11%	Upgrade
Free Cash Flow Per Share	3.05	1.68	3.25	7.58	6.22	Upgrade
Cash Interest Paid	77	87	52	-	-	Upgrade
Cash Income Tax Paid	54	74	161	-	-	Upgrade
Levered Free Cash Flow	80.63	335.88	252.5	615.88	621.88	Upgrade
Unlevered Free Cash Flow	134.38	397.75	290	632.75	625.63	Upgrade
Change in Working Capital	-6	-80	-195	-132	298	Upgrade

Source: S&P Global Market Intelligence. Standard template. Financial Sources.