← CARTERS INC
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $302.8m | $282.1m | $263.8m | $109.7m | $109.7m | $250.0m | $232.5m | $185.5m | $91.8m | $91.8m | |
| Net Income (Loss) Available to Common Stockholders, Basic | $300.4m | $279.9m | $261.4m | $108.6m | $109.7m | $246.3m | $228.2m | $181.8m | $89.5m | $91.8m | |
| Depreciation, Depletion and Amortization | $81.8m | $85.9m | $92.2m | $90.3m | — | $61.5m | $60.4m | $54.2m | $51.5m | — | |
| Amortization of Debt Issuance Costs | $1.6m | $1.7m | $1.4m | $2.4m | $2.4m | $1.9m | $1.6m | $1.6m | $1.7m | $1.7m | |
| Amortization of Intangible Assets | $2.6m | $3.7m | $3.7m | $3.7m | $3.7m | $3.7m | $3.7m | $3.7m | $3.7m | $3.7m | |
| Depreciation | — | — | — | — | — | — | — | $57.9m | $55.3m | — | |
| Depreciation of property, plant, and equipment | $81.8m | $85.9m | $92.2m | — | $90.3m | $90.4m | $60.4m | $54.2m | — | $51.5m | |
| Deferred Income Tax Expense (Benefit) | ($54.9m) | ($1.0m) | ($13.3m) | ($23.3m) | ($23.3m) | ($740k) | ($600k) | ($6.4m) | ($162k) | ($162k) | |
| Deferred income tax benefit | ($54.9m) | ($1.0m) | ($13.3m) | — | ($23.3m) | ($13.5m) | ($600k) | ($6.4m) | — | ($162k) | |
| Share-based Payment Arrangement, Noncash Expense | $17.5m | $14.7m | $16.5m | $12.8m | — | $21.9m | $19.5m | $17.8m | $20.2m | — | |
| Goodwill, Impairment Loss | — | — | — | $17.7m | — | $0 | — | — | — | — | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | — | — | $30.8m | $26.5m | — | $9.0m | $0 | $30.0m | $0 | — | |
| Operating Lease, Impairment Loss | — | — | — | $7.4m | — | — | — | — | — | — | |
| Intangible asset impairment | $0 | $0 | $30.8m | — | $26.5m | $0 | $0 | $30.0m | — | $0 | |
| Gain (Loss) on Disposition of Property Plant Equipment | ($1.6m) | ($995k) | ($452k) | — | $0 | $0 | $3.1m | $865k | ($189k) | $189k | |
| Gain (Loss) on Extinguishment of Debt | $0 | $0 | ($7.8m) | $0 | $0 | ($19.9m) | $0 | $0 | ($1.7m) | $1.7m | |
| Income (Loss) from Equity Method Investments | $0 | $0 | — | — | — | — | — | — | — | — | |
| Income Tax Expense (Benefit) | $88.3m | $73.9m | $64.2m | $25.3m | ($23.3m) | $66.7m | $69.7m | $45.3m | $22.0m | ($162k) | |
| Other Nonoperating Income (Expense) | $1.2m | ($1.4m) | $217k | ($338k) | — | ($975k) | $8.0m | ($3.6m) | $1.1m | — | |
| Loss on extinguishment of debt | $0 | $0 | $7.8m | — | $0 | $0 | $0 | $0 | — | $1.7m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $18.0m | $34.4m | ($8.1m) | ($58.3m) | — | ($32.7m) | ($15.5m) | $13.7m | ($15.2m) | — | |
| Increase (Decrease) in Inventories | $20.9m | $30.6m | $16.7m | $8.1m | — | $106.8m | ($222.9m) | ($26.1m) | $37.1m | — | |
| Accounts Receivable, Credit Loss Expense (Reversal) | — | $15.8m | ($220k) | $6.1m | — | $75k | $471k | $1.1m | $2.4m | — | |
| Proceeds from Stock Options Exercised | $8.4m | $10.6m | $14.5m | $9.0m | $9.0m | $4.5m | $4.4m | $367k | $0 | $0 | |
| Accretion Expense | — | — | — | — | — | — | — | — | — | — | |
| Foreign Currency Transaction Gain (Loss), Realized | ($624k) | $271k | ($564k) | — | $361k | $371k | ($207k) | $380k | — | ($457k) | |
| Foreign Currency Transaction Gain (Loss), Unrealized | $624k | ($271k) | $564k | ($361k) | $361k | $78k | $207k | ($380k) | $457k | ($457k) | |
| Gain (Loss) on Investments | $100k | $1.0m | $4.0m | $2.0m | — | ($2.5m) | $2.2m | $2.2m | $2.2m | — | |
| Gain (Loss) on Termination of Lease | — | — | — | — | — | $0 | $4.4m | $0 | $0 | $0 | |
| Goodwill | $230.4m | $227.1m | $229.0m | $211.8m | — | $209.3m | $210.5m | $206.9m | $209.0m | — | |
| Inventory Write-down | — | — | — | $4.9m | — | $5.0m | ($10.4m) | ($348k) | $401k | — | |
| Investment Income, Interest | $345k | $527k | $1.3m | $1.5m | — | $1.3m | $4.8m | $11.0m | $13.5m | — | |
| Unrealized Gain (Loss) on Investments | ($624k) | $271k | ($564k) | — | $361k | ($2.5m) | $2.2m | $2.2m | $2.2m | ($457k) | |
| Provisions for (recoveries of) excess and obsolete inventory, net | — | ($7.0m) | $5.8m | — | $4.9m | $4.0m | ($10.4m) | ($348k) | — | $401k | |
| Gain on partial termination of corporate lease | — | — | — | — | — | $0 | ($4.4m) | $0 | — | $0 | |
| Stock-based compensation expense | $17.5m | $14.7m | $16.5m | — | $12.8m | $21.0m | $19.5m | $17.8m | — | $20.2m | |
| Unrealized foreign currency exchange (gain) loss, net | ($624k) | $271k | ($564k) | — | $361k | $371k | ($207k) | $380k | — | ($457k) | |
| Provisions for doubtful accounts receivable from customers | $4.7m | $15.8m | ($220k) | — | $6.1m | $1.3m | $471k | $1.1m | — | $2.4m | |
| Unrealized gain on investments | — | — | ($4.0m) | — | ($2.0m) | ($2.3m) | ($2.2m) | ($2.2m) | — | ($2.2m) | |
| Pension plan settlement | — | — | — | — | — | $0 | $0 | $949k | — | $8.8m | |
| Accounts receivable | ($18.0m) | ($34.4m) | $8.1m | — | $58.3m | ($46.5m) | $15.5m | ($13.7m) | — | $15.2m | |
| Finished goods inventories | ($20.9m) | ($30.6m) | ($16.7m) | — | ($8.1m) | ($52.9m) | $222.9m | $26.1m | — | ($37.1m) | |
| Prepaid expenses and other assets | ($21.3m) | $12.1m | ($699.0m) | — | ($9.1m) | $6.9m | $4.3m | ($3.0m) | — | ($8.1m) | |
| Accounts payable and other liabilities | $41.2m | $5.0m | $692.1m | — | $284.8m | ($87.3m) | ($16.9m) | $2.2m | — | ($27.2m) | |
| Proceeds from senior notes due 2031 | $0 | $0 | $500.0m | — | — | — | $0 | $0 | — | $575.0m | |
| Payment of senior notes due 2027 | $0 | $0 | ($400.0m) | — | $0 | $0 | $0 | $0 | — | ($500.0m) | |
| Borrowings under secured revolving credit facility | $200.0m | $290.0m | $265.0m | — | $644.0m | $0 | $70.0m | $0 | — | $0 | |
| Payments on secured revolving credit facility | ($164.0m) | ($315.0m) | ($361.0m) | — | ($744.0m) | $0 | ($190.0m) | $0 | — | $0 | |
| Withholdings from vesting of restricted stock | ($5.8m) | ($6.8m) | ($4.3m) | — | ($5.0m) | ($4.0m) | ($5.0m) | ($7.6m) | — | ($4.5m) | |
| Proceeds from exercise of stock options | $8.4m | $10.6m | $14.5m | — | $9.0m | $11.0m | $4.4m | $367k | — | $0 | |
| Other | — | — | — | — | $0 | ($919k) | $0 | ($900k) | — | ($370k) | |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement | — | — | — | — | — | — | — | ($949k) | ($8.8m) | — | |
| Net Cash Provided by (Used in) Operating Activities | $329.6m | $356.2m | $387.2m | $589.9m | $589.9m | $88.4m | $529.1m | $298.8m | $122.3m | $122.3m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $69.5m | $63.8m | $61.4m | $32.9m | ($32.9m) | $40.4m | $59.9m | $56.2m | $53.7m | ($53.7m) | |
| Net Cash Provided by (Used in) Investing Activities | ($227.9m) | ($63.3m) | ($60.7m) | ($32.9m) | ($32.9m) | ($40.4m) | ($59.9m) | ($56.2m) | ($53.7m) | ($53.7m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | — | — | — | $500.0m | — | $0 | — | — | — | — | |
| Payments of debt issuance costs | ($2.1m) | ($968k) | ($5.8m) | — | ($7.6m) | ($223k) | $0 | $0 | — | ($11.7m) | |
| Payments for Repurchase of Common Stock | $188.8m | $193.0m | $196.9m | $45.3m | — | $299.7m | $100.0m | $50.5m | $0 | — | |
| Repurchases of common stock | ($188.8m) | ($193.0m) | ($196.9m) | — | ($45.3m) | ($299.3m) | ($100.0m) | ($50.5m) | — | $0 | |
| Dividends paid | $71 | $84 | $90 | $26 | ($26) | $118 | $112 | $116 | $56 | ($56) | |
| Payments of Dividends | $71 | $84 | $90 | $26 | — | $118 | $112 | $116 | $56 | — | |
| Proceeds from (Payments for) Other Financing Activities | — | — | — | — | — | ($919k) | $0 | ($900k) | ($370k) | — | |
| Net Cash Provided by (Used in) Financing Activities | ($223.1m) | ($298.9m) | ($283.4m) | $324.8m | $324.8m | ($819.3m) | ($332.6m) | ($174.8m) | $2.0m | $2.0m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $505k | ($2.4m) | $1.1m | $6.1m | $6.1m | ($1.3m) | $2.8m | ($6.1m) | $3.5m | $3.5m | |
| Net effect of exchange rate changes on cash and cash equivalents | $505k | ($2.4m) | $1.1m | — | $6.1m | ($1.1m) | $2.8m | ($6.1m) | — | $3.5m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $505k | ($2.4m) | $1.1m | $888.0m | $6.1m | ($772.5m) | $139.5m | $61.7m | $74.1m | $3.5m | |
| Net increase in cash and cash equivalents | ($120.9m) | ($8.4m) | $44.2m | — | $888.0m | ($118.0m) | $139.5m | $61.7m | — | $74.1m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | $211.7m | $351.2m | $412.9m | $487.1m | — | |
| Cash and cash equivalents, beginning of fiscal year | $299.4m | $178.5m | $170.1m | — | $214.3m | $1.1b | $351.2m | $412.9m | — | $487.1m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Income Taxes Paid, Net | $132.9m | $55.9m | $67.6m | $54.7m | — | $64.0m | $76.5m | $51.3m | $37.6m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.