← BREAD FINANCIAL HOLDINGS, INC.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income From Continuing Operations — — — — — — $223.0m $718.0m $277.0m $518.0m
Net Income (Loss) Attributable to Parent — — — $278.0m $213.7m $801.0m $223.0m $718.0m $277.0m $518.0m
Net Income (Loss) Available to Common Stockholders, Basic $515.8m $788.7m $963.1m $268.4m $213.7m $801.0m $223.0m $718.0m $277.0m $518.0m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $517.6m $788.7m $963.1m $278.0m $213.7m $801.0m $223.0m $718.0m — —
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent — — — $572.6m $295.0m $797.0m $224.0m $737.0m $279.0m $521.0m
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent — — — ($294.6m) ($81.3m) $4.0m ($1.0m) ($19.0m) ($2.0m) ($3.0m)
Depreciation, Depletion and Amortization $512.1m $497.6m $487.3m $249.3m $183.8m $123.0m $113.0m $116.0m $90.0m $80.0m
Amortization of Debt Issuance Costs $34.7m $44.0m $47.3m $43.4m $36.5m $31.0m $24.0m $26.0m $21.0m $16.0m
Amortization of Intangible Assets $309.5m $280.9m $257.6m $96.2m $82.8m $29.0m $26.0m $37.0m $35.0m $30.0m
Capitalized Computer Software, Amortization — — — — — $37.0m $68.0m $60.0m $35.0m $30.0m
Depreciation $97.7m $101.2m $98.2m $40.6m $65.5m $26.0m $19.0m $19.0m $20.0m $20.0m
Depreciation Amortization Depletion — — — — — — $113.0m $116.0m $90.0m $80.0m
Deferred Income Tax Expense (Benefit) ($30.8m) ($113.8m) $16.3m ($186.1m) ($222.8m) ($15.0m) ($245.0m) ($68.0m) ($85.0m) $90.0m
Deferred Income Tax — — — — — — ($245.0m) ($68.0m) ($85.0m) $90.0m
Deferred Tax — — — — — — ($245.0m) ($68.0m) ($85.0m) $90.0m
Share-based Payment Arrangement, Noncash Expense $76.5m $75.1m $80.8m $54.8m $21.3m $29.0m $33.0m $44.0m $54.0m $56.0m
Share-based Payment Arrangement, Expense $76.5m $75.1m $80.8m $25.1m $21.3m $25.0m $32.0m $44.0m $54.0m $56.0m
Goodwill, Impairment Loss $0 $0 $0 $0 — $0 $0 $0 $0 $0
Impairment of Intangible Assets, Finite-lived — — — — — $0 $0 — — —
Operating Lease, Impairment Loss — — — — $18.4m — — — — —
Asset Impairment Charge — — — — — $0 $0 — — —
Gain (Loss) on Disposition of Business — — — $512.2m $13.7m — — — — —
Gain (Loss) on Extinguishment of Debt — — — ($71.9m) — — — $7.0m $117.0m ($74.0m)
Income (Loss) from Equity Method Investments — — — — — — ($44.0m) ($6.0m) $0 $0
Income Tax Expense (Benefit) $319.4m $292.4m $260.6m $165.8m $99.5m $247.0m $76.0m $231.0m $102.0m $94.0m
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable $95.6m $10.3m $93.0m ($4.1m) ($64.9m) — — — — —
Debt Securities, Available-for-sale, Realized Gain (Loss) — — — — — $0 $0 $0 $0 $0
Foreign Currency Transaction Gain (Loss), before Tax $1.9m ($9.7m) ($300k) $1.3m ($500k) — — — — —
Gains (Losses) on Sales of Credit Card Portfolio — $23.3m $29.2m $43.9m $20.4m $10.0m — $230.0m $11.0m $3.0m
General and Administrative Expense $143.2m $166.3m $172.7m $150.6m $105.7m — — — — —
Goodwill $3.8b $3.9b $3.8b $954.9m $1.4b — $634.0m $634.0m $634.0m $634.0m
Inventory Write-down — — — $18.4m — — — — — —
Provision for Loan, Lease, and Other Losses — — — — — $544.0m $1.6b $1.2b $1.4b $1.2b
Financing Receivable, Credit Loss, Expense (Reversal) $940.5m $1.1b $1.0b $1.2b $1.3b $544.0m $1.6b $1.2b $1.4b $1.2b
Beginning Cash Position — — — — — — $3.9b $3.9b $3.6b $3.7b
Cash Flow From Continuing Financing Activities — — — — — — $3.3b ($3.1b) ($592.0m) ($807.0m)
Cash Flow From Continuing Investing Activities — — — — — — ($5.1b) $788.0m ($1.2b) ($1.4b)
Change In Other Current Assets — — — — — — ($134.0m) $28.0m $42.0m $57.0m
Change In Other Current Liabilities — — — — — — $87.0m $0 ($109.0m) ($96.0m)
Change In Working Capital — — — — — — ($47.0m) $28.0m ($67.0m) ($39.0m)
Changes In Cash — — — — — — $4.0m ($311.0m) $98.0m ($86.0m)
End Cash Position — — — — — — $3.9b $3.6b $3.7b $3.6b
Financing Cash Flow — — — — — — $3.3b ($3.1b) ($592.0m) ($807.0m)
Free Cash Flow — — — — — — $1.8b $2.0b $1.9b $2.1b
Investing Cash Flow — — — — — — ($5.1b) $788.0m ($1.2b) ($1.4b)
Issuance Of Capital Stock — — — — — $4.0m — $0 $0 $71.0m
Net Business Purchase And Sale — — — — — ($75.0m) $0 $0 — —
Net Preferred Stock Issuance — — — — — — — $0 $0 $71.0m
Operating Gains Losses — — — — — ($10.0m) — ($223.0m) $106.0m $71.0m
Other Non Cash Items — — — — — — $67.0m $25.0m ($26.0m) ($17.0m)
Preferred Stock Issuance — — — — — — — $0 $0 $71.0m
Purchase Of Business — — — — — ($75.0m) $0 $0 — —
Repurchase Of Capital Stock — — — — — — ($12.0m) ($35.0m) ($55.0m) ($313.0m)
Stock Based Compensation — — — — — — $33.0m $44.0m $54.0m $56.0m
Net Cash Provided by (Used in) Operating Activities $2.1b $2.6b $2.8b $1.2b $1.9b $1.5b $1.8b $2.0b $1.9b $2.1b
Cash flows from investing activities:
Capital Expenditure — — — — — ($84.0m) ($68.0m) — — —
Capital Expenditure Reported — — — — — ($84.0m) ($68.0m) — — —
Payments to Acquire Businesses, Net of Cash Acquired — $945.6m — $6.7m $266.8m $75.0m $0 $0 — —
Net Investment Purchase And Sale — — — — — — ($13.0m) ($36.0m) ($17.0m) ($2.0m)
Purchase Of Investment — — — — — — ($43.0m) ($50.0m) ($31.0m) ($22.0m)
Sale Of Investment — — — — — — $30.0m $14.0m $14.0m $20.0m
Payments for (Proceeds from) Other Investing Activities $5.3m $4.4m ($8.2m) ($4.5m) — ($4.0m) $4.0m $48.0m $36.0m $24.0m
Net Other Investing Changes — — — — — — ($72.0m) ($48.0m) ($36.0m) ($24.0m)
Net Cash Provided by (Used in) Investing Activities ($4.1b) ($4.3b) ($1.9b) $2.9b $1.8b ($1.7b) ($5.1b) $788.0m ($1.2b) ($1.4b)
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt $3.8b $7.7b $4.6b — — — — — — —
Issuance Of Debt — — — — — — $4.5b $4.0b $2.7b $1.8b
Long Term Debt Issuance — — — — — — $4.5b $4.0b $2.7b $1.8b
Net Issuance Payments Of Debt — — — — — — $560.0m ($2.7b) $69.0m ($1.3b)
Net Long Term Debt Issuance — — — — — — $560.0m ($2.7b) $69.0m ($1.3b)
Repayments of Long-term Debt $3.2b $7.3b $4.9b — — — — — — —
Long Term Debt Payments — — — — — — ($3.9b) ($6.7b) ($2.6b) ($3.1b)
Repayment Of Debt — — — — — — ($3.9b) ($6.7b) ($2.6b) ($3.1b)
Proceeds from Issuance of Common Stock $18.4m $18.4m $17.6m $12.4m $2.8m $4.0m — $0 $0 $71.0m
Net Common Stock Issuance — — — — — — ($12.0m) ($35.0m) ($55.0m) ($313.0m)
Payments for Repurchase of Common Stock $798.8m $553.7m $443.2m $976.1m — — — $35.0m $55.0m $313.0m
Payments of Ordinary Dividends, Common Stock $30.0m $115.5m $125.2m $127.4m $60.6m $42.0m $43.0m $42.0m $43.0m $40.0m
Common Stock Payments — — — — — — ($12.0m) ($35.0m) ($55.0m) ($313.0m)
Dividends Payable, Current — — $700k $1.2m $600k — — — — —
Cash Dividends Paid — — — — — — ($43.0m) ($42.0m) ($43.0m) ($42.0m)
Common Stock Dividend Paid — — — — — — ($43.0m) ($42.0m) ($43.0m) ($42.0m)
Proceeds from (Payments for) Other Financing Activities ($900k) ($29.3m) ($31.3m) ($27.0m) $1.1m ($8.0m) ($15.0m) ($2.0m) ($7.0m) ($17.0m)
Net Other Financing Charges — — — — — — ($16.0m) ($104.0m) ($22.0m) ($41.0m)
Net Cash Provided by (Used in) Financing Activities $2.7b $4.0b ($1.2b) ($4.1b) ($4.2b) $608.0m $3.3b ($3.1b) ($592.0m) ($807.0m)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — ($12.0m) $3.6m $14.6m — $0 — — —
Effect Of Exchange Rate Changes — — — — — $0 $0 — — —
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect $2.0b $4.3b ($347.0m) ($9.6m) ($494.9m) $460.0m $4.0m ($311.0m) $98.0m ($86.0m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $487.1m $2.3b $4.0b $4.0b $3.5b $3.9b $3.9b $3.6b $3.7b $3.6b
Restricted Cash and Investments, Current $324.4m $589.5m $558.6m $600.8m $693.5m — — — — —
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — — $4.0m ($311.0m) $98.0m ($86.0m)
Interest Paid, Excluding Capitalized Interest, Operating Activities — $551.4m $719.8m $671.9m $487.6m $357.0m $466.0m $861.0m $922.0m $868.0m
Income Taxes Paid, Net $466.6m $344.1m $234.0m $1.1b $267.5m $325.0m $338.0m $292.0m $227.0m $53.0m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.