Bath & Body Works Cash Flow Statement

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

Millions USD. Fiscal year is Mar - Feb.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 1, 2025	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
Net Income	699	798	878	800	1,333	844
Depreciation & Amortization	262	282	269	221	205	195
Loss (Gain) From Sale of Assets	-8	-	-	-	-	-
Asset Writedown & Restructuring Costs	-	-	-	-	-	215
Loss (Gain) From Sale of Investments	-	-39	8	-	-	-54
Stock-Based Compensation	34	40	43	38	46	50
Other Operating Activities	-	-102	-162	17	240	86
Change in Accounts Receivable	30	18	2	11	-64	38
Change in Inventory	-72	-26	-2	-	-177	3
Change in Accounts Payable	275	-50	-109	44	-86	166
Change in Income Taxes	-23	-23	34	39	-72	-43
Change in Other Net Operating Assets	-17	-12	-7	-26	-91	213
Operating Cash Flow	1,180	886	954	1,144	1,492	2,039
Operating Cash Flow Growth	37.69%	-7.13%	-16.61%	-23.32%	-26.83%	64.97%
Capital Expenditures	-234	-226	-298	-328	-270	-228
Sale of Property, Plant & Equipment	9	-	-	-	-	-
Investment in Securities	-	40	-	-	-	-
Other Investing Activities	10	24	12	-	11	9
Investing Cash Flow	-215	-162	-286	-328	-259	-219
Short-Term Debt Issued	-	-	-	-	-	950
Long-Term Debt Issued	-	-	-	-	-	2,218
Total Debt Issued	-	-	-	-	-	3,168
Short-Term Debt Repaid	-	-	-	-	-	-950
Long-Term Debt Repaid	-	-539	-462	-9	-1,728	-1,515
Total Debt Repaid	-335	-539	-462	-9	-1,728	-2,465
Net Debt Issued (Repaid)	-335	-539	-462	-9	-1,728	703
Issuance of Common Stock	-	-	-	-	83	8
Repurchase of Common Stock	-404	-417	-159	-1,344	-2,023	-12
Common Dividends Paid	-169	-177	-182	-186	-120	-83
Other Financing Activities	-11	1	-12	-23	600	-6
Financing Cash Flow	-919	-1,132	-815	-1,562	-3,188	610
Foreign Exchange Rate Adjustments	-1	-2	-1	-1	1	4
Net Cash Flow	45	-410	-148	-747	-1,954	2,434
Free Cash Flow	946	660	656	816	1,222	1,811
Free Cash Flow Growth	47.12%	0.61%	-19.61%	-33.22%	-32.52%	132.78%
Free Cash Flow Margin	12.86%	9.03%	8.83%	10.79%	15.50%	28.15%
Free Cash Flow Per Share	4.46	2.99	2.87	3.50	4.48	6.45
Cash Interest Paid	253	289	346	339	354	415
Cash Income Tax Paid	280	351	231	188	487	200
Levered Free Cash Flow	818	505.25	510.5	651.5	427.13	1,446
Unlevered Free Cash Flow	995.5	700.25	726.13	869	669.63	1,716
Change in Working Capital	193	-93	-82	68	-490	377

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