Macy's, Inc. (M)
NYSE: M · Real-Time Price · USD
21.94
+0.30 (1.39%)
Sep 18, 2026, 4:00 PM EDT - Market closed
Macy's Cash Flow Statement
Financials in millions USD. Fiscal year is February - January.
Millions USD. Fiscal year is Feb - Jan.
Operating Activities
Fiscal Quarter | Q2 2027 | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Aug '26 Aug 1, 2026 | May '26 May 2, 2026 | Jan '26 Jan 31, 2026 | Nov '25 Nov 1, 2025 | Aug '25 Aug 2, 2025 | May '25 May 3, 2025 | Feb '25 Feb 1, 2025 | Nov '24 Nov 2, 2024 | Aug '24 Aug 3, 2024 | May '24 May 4, 2024 | Feb '24 Feb 3, 2024 | Oct '23 Oct 28, 2023 | Jul '23 Jul 29, 2023 | Apr '23 Apr 29, 2023 | Jan '23 Jan 28, 2023 | Oct '22 Oct 29, 2022 | Jul '22 Jul 30, 2022 | Apr '22 Apr 30, 2022 | Jan '22 Jan 29, 2022 | Oct '21 Oct 30, 2021 |
Net Income | 750 | 667 | 642 | 477 | 494 | 558 | 582 | 112 | 124 | -48 | 45 | 682 | 749 | 1,046 | 1,146 | 1,411 | 1,543 | 1,613 | 1,430 | 847 |
Depreciation & Amortization | 522 | 534 | 543 | 586 | 579 | 574 | 571 | 620 | 624 | 626 | 628 | 649 | 642 | 634 | 622 | 606 | 605 | 618 | 636 | 637 |
Other Amortization | 356 | 358 | 359 | 319 | 322 | 320 | 321 | 280 | 279 | 279 | 279 | 246 | 246 | 247 | 246 | 250 | 299 | 302 | 308 | 341 |
Loss (Gain) From Sale of Assets | -39 | -47 | -48 | -85 | -139 | -159 | -144 | -144 | -83 | -51 | -61 | -35 | -62 | -58 | -89 | -104 | -121 | -127 | -91 | -101 |
Asset Writedown & Restructuring Costs | 176 | 183 | 207 | 170 | 143 | 120 | 132 | 986 | 1,025 | 1,029 | 1,012 | 16 | 16 | 14 | 20 | 13 | -2 | -2 | 9 | 159 |
Stock-Based Compensation | 63 | 60 | 59 | 59 | 58 | 58 | 58 | 44 | 45 | 46 | 47 | 55 | 54 | 55 | 54 | 67 | 63 | 57 | 55 | 42 |
Other Operating Activities | 179 | 179 | 154 | 87 | 69 | 43 | 35 | -228 | -204 | -70 | -91 | 152 | 146 | 21 | 39 | 11 | 78 | 191 | 170 | 105 |
Change in Accounts Receivable | -35 | -71 | -325 | 50 | 69 | 29 | 2 | -7 | -45 | -3 | 7 | -14 | -4 | -23 | -3 | 8 | 2 | -27 | -21 | -27 |
Change in Inventory | -109 | -172 | 51 | -43 | 33 | 24 | -51 | -182 | -198 | -32 | -99 | 378 | 481 | 349 | 116 | -262 | -312 | -726 | -610 | -995 |
Change in Accounts Payable | -59 | 182 | -157 | 101 | -99 | -274 | -60 | -290 | -309 | -226 | -379 | -607 | -419 | -983 | -262 | 41 | -539 | 428 | 463 | -376 |
Change in Income Taxes | 51 | 55 | 77 | -2 | 28 | -78 | -69 | 56 | 36 | -45 | 3 | -126 | -124 | -115 | -85 | 565 | 504 | 635 | 588 | 151 |
Change in Other Net Operating Assets | -94 | -142 | -132 | -164 | -161 | -130 | -99 | -130 | -123 | -176 | -86 | -111 | -142 | 285 | -189 | -247 | -70 | -496 | -225 | 463 |
Operating Cash Flow | 1,761 | 1,786 | 1,430 | 1,555 | 1,396 | 1,085 | 1,278 | 1,117 | 1,171 | 1,329 | 1,305 | 1,285 | 1,583 | 1,472 | 1,615 | 2,359 | 2,050 | 2,466 | 2,712 | 1,246 |
Operating Cash Flow Growth (YoY) | 26.15% | 64.61% | 11.89% | 39.21% | 19.21% | -18.36% | -2.07% | -13.07% | -26.03% | -9.71% | -19.20% | -45.53% | -22.78% | -40.31% | -40.45% | 89.33% | 26.46% | 88.68% | 317.87% | -25.83% |
Investing Activities
Fiscal Quarter | Q2 2027 | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Aug '26 Aug 1, 2026 | May '26 May 2, 2026 | Jan '26 Jan 31, 2026 | Nov '25 Nov 1, 2025 | Aug '25 Aug 2, 2025 | May '25 May 3, 2025 | Feb '25 Feb 1, 2025 | Nov '24 Nov 2, 2024 | Aug '24 Aug 3, 2024 | May '24 May 4, 2024 | Feb '24 Feb 3, 2024 | Oct '23 Oct 28, 2023 | Jul '23 Jul 29, 2023 | Apr '23 Apr 29, 2023 | Jan '23 Jan 28, 2023 | Oct '22 Oct 29, 2022 | Jul '22 Jul 30, 2022 | Apr '22 Apr 30, 2022 | Jan '22 Jan 29, 2022 | Oct '21 Oct 30, 2021 |
Capital Expenditures | -347 | -361 | -373 | -391 | -426 | -464 | -518 | -545 | -512 | -570 | -631 | -718 | -900 | -932 | -888 | -779 | -590 | -464 | -354 | -278 |
Sale of Property, Plant & Equipment | 67 | 94 | 107 | 191 | 307 | 317 | 283 | 237 | 105 | 65 | 86 | 51 | 96 | 89 | 137 | 168 | 203 | 229 | 164 | 192 |
Sale (Purchase) of Intangibles | -374 | -379 | -367 | -367 | -367 | -366 | -364 | -348 | -349 | -356 | -362 | -343 | -377 | -398 | -407 | -416 | -359 | -295 | -243 | -187 |
Other Investing Activities | -9 | -9 | -6 | 5 | 5 | 5 | 7 | 4 | 1 | 1 | -6 | -6 | -4 | -4 | -11 | -9 | 5 | 40 | 63 | 59 |
Investing Cash Flow | -663 | -655 | -639 | -562 | -481 | -508 | -592 | -652 | -755 | -860 | -913 | -1,016 | -1,185 | -1,245 | -1,169 | -1,036 | -741 | -490 | -370 | -214 |
Financing Activities
Fiscal Quarter | Q2 2027 | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Aug '26 Aug 1, 2026 | May '26 May 2, 2026 | Jan '26 Jan 31, 2026 | Nov '25 Nov 1, 2025 | Aug '25 Aug 2, 2025 | May '25 May 3, 2025 | Feb '25 Feb 1, 2025 | Nov '24 Nov 2, 2024 | Aug '24 Aug 3, 2024 | May '24 May 4, 2024 | Feb '24 Feb 3, 2024 | Oct '23 Oct 28, 2023 | Jul '23 Jul 29, 2023 | Apr '23 Apr 29, 2023 | Jan '23 Jan 28, 2023 | Oct '22 Oct 29, 2022 | Jul '22 Jul 30, 2022 | Apr '22 Apr 30, 2022 | Jan '22 Jan 29, 2022 | Oct '21 Oct 30, 2021 |
Short-Term Debt Issued | - | - | - | - | - | - | 3 | - | - | - | 2 | - | - | - | - | - | - | - | - | - |
Long-Term Debt Issued | - | - | 500 | - | - | - | 301 | - | - | - | 961 | - | - | - | 2,809 | - | - | - | 1,085 | - |
Total Debt Issued | - | 507 | 500 | 633 | 804 | 304 | 304 | 799 | 963 | 963 | 963 | 1,305 | 1,959 | 1,959 | 2,809 | 2,001 | 1,435 | 1,435 | 1,085 | 1,156 |
Short-Term Debt Repaid | - | - | -19 | - | - | - | - | - | - | - | - | - | - | - | -181 | - | - | - | -23 | - |
Long-Term Debt Repaid | - | - | -846 | - | - | - | -524 | - | - | - | -963 | - | - | - | -3,100 | - | - | - | -2,699 | - |
Total Debt Repaid | -216 | -842 | -865 | -1,057 | -1,166 | -526 | -524 | -1,123 | -983 | -971 | -963 | -1,319 | -2,005 | -2,030 | -3,281 | -2,292 | -3,198 | -3,208 | -2,722 | -2,989 |
Net Debt Issued (Repaid) | -216 | -335 | -365 | -424 | -362 | -222 | -220 | -324 | -20 | -8 | - | -14 | -46 | -71 | -472 | -291 | -1,763 | -1,773 | -1,637 | -1,833 |
Issuance of Common Stock | 3 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 7 | 7 | 7 | 7 | - |
Repurchase of Common Stock | -205 | -204 | -250 | -201 | -150 | -98 | -1 | - | - | -3 | -38 | -38 | -38 | -52 | -601 | -807 | -1,101 | -1,084 | -500 | -295 |
Common Dividends Paid | -198 | -196 | -197 | -197 | -196 | -195 | -192 | -190 | -187 | -184 | -181 | -178 | -176 | -173 | -173 | -174 | -177 | -135 | -90 | -46 |
Other Financing Activities | -16 | -34 | -40 | -40 | -24 | -6 | - | - | -1 | -1 | -1 | -1 | - | - | -50 | -50 | -187 | -190 | -161 | -161 |
Financing Cash Flow | -632 | -769 | -852 | -862 | -732 | -521 | -413 | -514 | -208 | -196 | -220 | -231 | -260 | -296 | -1,296 | -1,315 | -3,221 | -3,175 | -2,381 | -2,335 |
Net Cash Flow
Fiscal Quarter | Q2 2027 | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Aug '26 Aug 1, 2026 | May '26 May 2, 2026 | Jan '26 Jan 31, 2026 | Nov '25 Nov 1, 2025 | Aug '25 Aug 2, 2025 | May '25 May 3, 2025 | Feb '25 Feb 1, 2025 | Nov '24 Nov 2, 2024 | Aug '24 Aug 3, 2024 | May '24 May 4, 2024 | Feb '24 Feb 3, 2024 | Oct '23 Oct 28, 2023 | Jul '23 Jul 29, 2023 | Apr '23 Apr 29, 2023 | Jan '23 Jan 28, 2023 | Oct '22 Oct 29, 2022 | Jul '22 Jul 30, 2022 | Apr '22 Apr 30, 2022 | Jan '22 Jan 29, 2022 | Oct '21 Oct 30, 2021 |
Net Cash Flow | 466 | 362 | -61 | 131 | 183 | 56 | 273 | -49 | 208 | 273 | 172 | 38 | 138 | -69 | -850 | 8 | -1,912 | -1,199 | -39 | -1,303 |
Free Cash Flow
Fiscal Quarter | Q2 2027 | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Aug '26 Aug 1, 2026 | May '26 May 2, 2026 | Jan '26 Jan 31, 2026 | Nov '25 Nov 1, 2025 | Aug '25 Aug 2, 2025 | May '25 May 3, 2025 | Feb '25 Feb 1, 2025 | Nov '24 Nov 2, 2024 | Aug '24 Aug 3, 2024 | May '24 May 4, 2024 | Feb '24 Feb 3, 2024 | Oct '23 Oct 28, 2023 | Jul '23 Jul 29, 2023 | Apr '23 Apr 29, 2023 | Jan '23 Jan 28, 2023 | Oct '22 Oct 29, 2022 | Jul '22 Jul 30, 2022 | Apr '22 Apr 30, 2022 | Jan '22 Jan 29, 2022 | Oct '21 Oct 30, 2021 |
Free Cash Flow | 1,414 | 1,425 | 1,057 | 1,164 | 970 | 621 | 760 | 572 | 659 | 759 | 674 | 567 | 683 | 540 | 727 | 1,580 | 1,460 | 2,002 | 2,358 | 968 |
Free Cash Flow Growth (YoY) | 45.77% | 129.47% | 39.08% | 103.50% | 47.19% | -18.18% | 12.76% | 0.88% | -3.51% | 40.56% | -7.29% | -64.11% | -53.22% | -73.03% | -69.17% | 63.22% | 6.65% | 94.37% | 658.20% | -12.87% |
Free Cash Flow Margin | 6.21% | 6.27% | 4.67% | 5.13% | 4.27% | 2.72% | 3.30% | 2.45% | 2.80% | 3.20% | 2.82% | 2.35% | 2.79% | 2.15% | 2.86% | 6.13% | 5.62% | 7.70% | 9.28% | 4.14% |
Free Cash Flow Per Share | 5.17 | 5.19 | 3.82 | 4.18 | 3.46 | 2.21 | 2.70 | 2.04 | 2.35 | 2.76 | 2.42 | 2.04 | 2.46 | 1.94 | 2.59 | 5.49 | 4.92 | 6.52 | 7.51 | 3.07 |
Levered Free Cash Flow | 605 | 748.88 | 433.5 | 897.88 | 845.63 | 445 | 425.75 | 274.88 | 228.5 | 310.25 | 250 | 109.63 | 185.25 | -13.5 | 45.75 | 1,161 | 1,167 | 1,857 | 1,541 | 338.25 |
Unlevered Free Cash Flow | 658.75 | 801.25 | 486.13 | 950.13 | 898.63 | 504.38 | 486.63 | 339.5 | 296 | 380.88 | 324.38 | 185.5 | 265.5 | 69.5 | 136 | 1,258 | 1,222 | 1,933 | 1,631 | 450.88 |
Additional Metrics
Fiscal Quarter | Q2 2027 | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Aug '26 Aug 1, 2026 | May '26 May 2, 2026 | Jan '26 Jan 31, 2026 | Nov '25 Nov 1, 2025 | Aug '25 Aug 2, 2025 | May '25 May 3, 2025 | Feb '25 Feb 1, 2025 | Nov '24 Nov 2, 2024 | Aug '24 Aug 3, 2024 | May '24 May 4, 2024 | Feb '24 Feb 3, 2024 | Oct '23 Oct 28, 2023 | Jul '23 Jul 29, 2023 | Apr '23 Apr 29, 2023 | Jan '23 Jan 28, 2023 | Oct '22 Oct 29, 2022 | Jul '22 Jul 30, 2022 | Apr '22 Apr 30, 2022 | Jan '22 Jan 29, 2022 | Oct '21 Oct 30, 2021 |
Cash Interest Paid | 125 | 160 | 167 | 194 | 189 | 152 | 155 | 156 | 154 | 156 | 157 | 158 | 162 | 162 | 188 | 203 | 398 | 476 | 442 | 524 |
Cash Income Tax Paid | 103 | 68 | 70 | 151 | 151 | 299 | 304 | 230 | 228 | 246 | 240 | 316 | 365 | 460 | 455 | - | - | - | -171 | 238 |
Change in Working Capital | -246 | -148 | -486 | -58 | -130 | -429 | -277 | -553 | -639 | -482 | -554 | -480 | -208 | -487 | -423 | 105 | -415 | -186 | 195 | -784 |