The Gap Cash Flow Statement

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

Millions USD. Fiscal year is Feb - Jan.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	May '26 May 2, 2026	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	962	816	844	502	-202	256
Depreciation & Amortization	503	496	500	522	540	504
Stock-Based Compensation	165	162	126	80	37	139
Other Adjustments	84	70	23	-72	35	377
Changes in Inventories	1	-129	-88	383	554	-593
Changes in Accounts Payable	-31	57	137	42	-540	186
Changes in Accrued Expenses	32	-90	-25	12	-243	172
Changes in Income Taxes Payable	41	33	46	75	417	-85
Changes in Other Operating Activities	-99.5	-122	-77	-12	9	-147
Operating Cash Flow	1,646	1,293	1,486	1,532	607	809
Operating Cash Flow Growth	25.08%	-12.99%	-3.00%	152.39%	-24.97%	241.35%
Capital Expenditures	-522	-470	-447	-420	-685	-694
Sale of Property, Plant & Equipment	-	-	7	76	458	-
Purchases of Investments	-453	-419	-409	-	-	-753
Proceeds from Sale of Investments	299	289	162	-	-	1,162
Payments for Business Acquisitions	-	-	-	-	-	-135
Proceeds from Business Divestments	-	-	-	9	-	-21
Other Investing Activities	-	-	-5	1	-	-5
Investing Cash Flow	-676	-600	-692	-334	-227	-446
Short-Term Debt Issued	-	-	-	-	350	-
Short-Term Debt Repaid	-	-	-	-350	-	-
Net Short-Term Debt Issued (Repaid)	-	-	-	-350	350	-
Long-Term Debt Issued	-	-	-	-	-	1,500
Long-Term Debt Repaid	-	-	-	-	-	-2,546
Net Long-Term Debt Issued (Repaid)	-	-	-	-	-	-1,046
Issuance of Common Stock	26	25	32	27	27	54
Repurchase of Common Stock	-562	-197	-125	-20	-143	-237
Net Common Stock Issued (Repurchased)	-536	-172	-93	7	-116	-183
Common Dividends Paid	-249	-247	-225	-222	-220	-226
Other Financing Activities	-	-	-3	-2	-8	-16
Financing Cash Flow	-785	-419	-321	-567	6	-1,471
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-	5	-9	-3	-15	-6
Net Cash Flow	185	279	464	628	371	-1,114
Free Cash Flow	1,124	823	1,039	1,112	-78	115
Free Cash Flow Growth	36.57%	-20.79%	-6.57%	-	-	-
FCF Margin	7.30%	5.36%	6.89%	7.47%	-0.50%	0.69%
Free Cash Flow Per Share	2.96	2.14	2.71	2.96	-0.21	0.30
Levered Free Cash Flow	886.5	591	890	754	200	-1,447
Unlevered Free Cash Flow	872.64	578.75	871.44	1,108	-48.27	-15.02

SEC Filings: 10-K · 10-Q