Macy's, Inc. (M)
NYSE: M · Real-Time Price · USD
22.64
+0.33 (1.48%)
At close: Sep 25, 2026, 4:00 PM EDT
22.66
+0.02 (0.08%)
After-hours: Sep 25, 2026, 7:56 PM EDT
Macy's Cash Flow Statement
Financials in millions USD. Fiscal year is February - January.
Millions USD. Fiscal year is Feb - Jan.
Operating Activities
Fiscal Year | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|
Period Ending | Aug '26 Aug 1, 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 | 750 | 642 | 582 | 45 | 1,146 | 1,430 |
Depreciation & Amortization | 522 | 543 | 571 | 628 | 622 | 636 |
Other Amortization | 356 | 359 | 321 | 279 | 246 | 308 |
Loss (Gain) From Sale of Assets | -39 | -48 | -144 | -61 | -89 | -91 |
Asset Writedown & Restructuring Costs | 176 | 207 | 132 | 1,012 | 20 | 9 |
Stock-Based Compensation | 63 | 59 | 58 | 47 | 54 | 55 |
Other Operating Activities | 179 | 154 | 35 | -91 | 39 | 170 |
Change in Accounts Receivable | -35 | -325 | 2 | 7 | -3 | -21 |
Change in Inventory | -109 | 51 | -51 | -99 | 116 | -610 |
Change in Accounts Payable | -59 | -157 | -60 | -379 | -262 | 463 |
Change in Income Taxes | 51 | 77 | -69 | 3 | -85 | 588 |
Change in Other Net Operating Assets | -94 | -132 | -99 | -86 | -189 | -225 |
Operating Cash Flow | 1,761 | 1,430 | 1,278 | 1,305 | 1,615 | 2,712 |
Operating Cash Flow Growth | 26.15% | 11.89% | -2.07% | -19.20% | -40.45% | 317.87% |
Investing Activities
Fiscal Year | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|
Period Ending | Aug '26 Aug 1, 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 |
Capital Expenditures | -347 | -373 | -518 | -631 | -888 | -354 |
Sale of Property, Plant & Equipment | 67 | 107 | 283 | 86 | 137 | 164 |
Sale (Purchase) of Intangibles | -374 | -367 | -364 | -362 | -407 | -243 |
Other Investing Activities | -9 | -6 | 7 | -6 | -11 | 63 |
Investing Cash Flow | -663 | -639 | -592 | -913 | -1,169 | -370 |
Financing Activities
Fiscal Year | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|
Period Ending | Aug '26 Aug 1, 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 |
Short-Term Debt Issued | - | - | 3 | 2 | - | - |
Long-Term Debt Issued | - | 500 | 301 | 961 | 2,809 | 1,085 |
Total Debt Issued | - | 500 | 304 | 963 | 2,809 | 1,085 |
Short-Term Debt Repaid | - | -19 | - | - | -181 | -23 |
Long-Term Debt Repaid | - | -846 | -524 | -963 | -3,100 | -2,699 |
Total Debt Repaid | -216 | -865 | -524 | -963 | -3,281 | -2,722 |
Net Debt Issued (Repaid) | -216 | -365 | -220 | - | -472 | -1,637 |
Issuance of Common Stock | 3 | - | - | - | - | 7 |
Repurchase of Common Stock | -205 | -250 | -1 | -38 | -601 | -500 |
Common Dividends Paid | -198 | -197 | -192 | -181 | -173 | -90 |
Other Financing Activities | -16 | -40 | - | -1 | -50 | -161 |
Financing Cash Flow | -632 | -852 | -413 | -220 | -1,296 | -2,381 |
Net Cash Flow
Fiscal Year | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|
Period Ending | Aug '26 Aug 1, 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 Cash Flow | 466 | -61 | 273 | 172 | -850 | -39 |
Free Cash Flow
Fiscal Year | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|
Period Ending | Aug '26 Aug 1, 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 |
Free Cash Flow | 1,414 | 1,057 | 760 | 674 | 727 | 2,358 |
Free Cash Flow Growth | 45.77% | 39.08% | 12.76% | -7.29% | -69.17% | 658.20% |
Free Cash Flow Margin | 6.21% | 4.67% | 3.30% | 2.82% | 2.86% | 9.28% |
Free Cash Flow Per Share | 5.17 | 3.82 | 2.70 | 2.42 | 2.59 | 7.51 |
Levered Free Cash Flow | 605 | 433.5 | 425.75 | 250 | 45.75 | 1,541 |
Unlevered Free Cash Flow | 658.75 | 486.13 | 486.63 | 324.38 | 136 | 1,631 |
Additional Metrics
Fiscal Year | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|
Period Ending | Aug '26 Aug 1, 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 |
Cash Interest Paid | 125 | 167 | 155 | 157 | 188 | 442 |
Cash Income Tax Paid | 103 | 70 | 304 | 240 | 455 | -171 |
Change in Working Capital | -246 | -486 | -277 | -554 | -423 | 195 |