Bath & Body Works Cash Flow Statement

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

Millions USD. Fiscal year is Feb - Jan.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jan '26 Jan 31, 2026	Feb '25 Feb 1, 2025	Feb '24 Feb 3, 2024	Jan '23 Jan 28, 2023	Jan '22 Jan 29, 2022
Net Income	649	798	878	800	1,333
Depreciation & Amortization	254	282	269	221	363
Stock-Based Compensation	31	40	43	38	46
Other Adjustments	55	-141	-154	17	240
Change in Receivables	25	18	2	11	-64
Changes in Inventories	37	-26	-2	-	-177
Changes in Accounts Payable	111	-50	-109	44	-86
Changes in Income Taxes Payable	-57	-23	34	39	-72
Changes in Other Operating Activities	-3	-12	-7	-26	-91
Operating Cash Flow	1,102	886	954	1,144	1,492
Operating Cash Flow Growth	24.38%	-7.13%	-16.61%	-23.32%	-26.83%
Capital Expenditures	-237	-226	-298	-328	-270
Sale of Property, Plant & Equipment	9	-	-	-	-
Proceeds from Sale of Investments	-	40	-	-	-
Other Investing Activities	1	24	12	-	11
Investing Cash Flow	-227	-162	-286	-328	-259
Long-Term Debt Repaid	-14	-539	-462	-9	-1,728
Net Long-Term Debt Issued (Repaid)	-14	-539	-462	-9	-1,728
Issuance of Common Stock	-	-	-	-	83
Repurchase of Common Stock	-401	-401	-148	-1,312	-1,964
Net Common Stock Issued (Repurchased)	-401	-401	-148	-1,312	-1,881
Common Dividends Paid	-167	-177	-182	-186	-120
Other Financing Activities	-17	-15	-23	-55	541
Financing Cash Flow	-599	-1,132	-815	-1,562	-3,188
Effect of Exchange Rate Changes on Cash and Cash Equivalents	3	-2	-1	-1	1
Net Cash Flow	279	-410	-148	-747	-1,954
Free Cash Flow	865	660	656	816	1,222
Free Cash Flow Growth	31.06%	0.61%	-19.61%	-33.22%	-32.52%
FCF Margin	11.86%	9.03%	8.83%	10.79%	15.50%
Free Cash Flow Per Share	4.14	2.99	2.86	3.50	4.48
Levered Free Cash Flow	740	204	303	741	-728
Unlevered Free Cash Flow	1,528	1,494	1,352	995.5	1,185

Updated Jan 31, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.