← GAP 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 (Loss) Attributable to Parent $920.0m $676.0m $848.0m $1.0b $351.0m ($665.0m) $256.0m ($202.0m) $502.0m $844.0m
Depreciation and amortization $592.0m $593.0m $559.0m $578.0m $557.0m $507.0m $504.0m $540.0m $522.0m $500.0m
Depreciation, Depletion and Amortization, Nonproduction $592.0m $593.0m $559.0m $578.0m $557.0m $507.0m $504.0m $540.0m $522.0m $500.0m
Amortization of Debt Issuance Costs — — — $2.0m $2.0m $12.0m $14.0m $6.0m $4.0m $4.0m
Amortization of Intangible Assets — — — — — $0 $2.0m $9.0m $9.0m $8.0m
Depreciation $588.0m $590.0m $556.0m $575.0m $554.0m $505.0m $502.0m $531.0m $513.0m $492.0m
Deferred Income Tax Expense (Benefit) $101.0m ($54.0m) $61.0m $65.0m ($81.0m) ($137.0m) ($61.0m) $42.0m ($64.0m) $27.0m
Share-based Payment Arrangement, Noncash Expense $76.0m $76.0m $87.0m $91.0m $68.0m $77.0m $139.0m $37.0m $80.0m $126.0m
Payment, Tax Withholding, Share-based Payment Arrangement $69.0m $19.0m $18.0m $23.0m $21.0m $9.0m $36.0m $20.0m $20.0m $50.0m
Goodwill and Intangible Asset Impairment — — — $0 $0 $31.0m $0 $0 — —
Goodwill, Impairment Loss $0 $71.0m $0 $0 $0 $0 $0 $0 $0 $0
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) — $0 $0 $0 $0 $31.0m $0 $0 $0 $0
Operating Lease, Impairment Loss — — $0 $0 $239.0m $391.0m $8.0m $33.0m $4.0m $0
Gain (Loss) on Extinguishment of Debt — — — $0 $0 ($58.0m) ($325.0m) $0 $0 —
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property — $0 $66.0m $4.0m $70.0m $0 $0 $458.0m $76.0m $7.0m
Gain (Loss) on Disposition of Business — — — — — $0 ($59.0m) ($35.0m) $0 —
Gain (Loss) on Disposition of Property Plant Equipment — $0 $66.0m $0 $191.0m $0 $0 $83.0m $47.0m $7.0m
Income Tax Expense (Benefit) $551.0m $448.0m $576.0m $319.0m $177.0m ($437.0m) $67.0m $63.0m $54.0m $293.0m
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Payable ($47.0m) $146.0m ($90.0m) ($78.0m) $66.0m $564.0m $186.0m ($540.0m) $42.0m $137.0m
Increase (Decrease) in Other Operating Assets ($133.0m) ($54.0m) ($33.0m) $18.0m ($105.0m) ($64.0m) $42.0m ($161.0m) ($179.0m) ($31.0m)
Accrued capital expenditures $726.0m $524.0m $731.0m $705.0m $702.0m $392.0m $694.0m $685.0m $420.0m $447.0m
Debt Securities, Available-for-sale, Allowance for Credit Loss, Not Previously Recorded — — — — — — — — — $0
Debt Securities, Available-for-sale, Realized Gain (Loss) — — — — — — — — — $0
Foreign Currency Transaction Gain (Loss), before Tax ($6.0m) ($18.0m) $31.0m ($32.0m) $1.0m $23.0m ($18.0m) ($59.0m) ($9.0m) ($37.0m)
Goodwill $180.0m $109.0m $109.0m $109.0m $109.0m $109.0m $207.0m $207.0m $207.0m $207.0m
Insured Event, Gain (Loss) — $73.0m $64.0m — — — — — — —
Investment Income, Interest $6.0m $8.0m $19.0m $33.0m $30.0m $10.0m $5.0m $18.0m $86.0m $112.0m
Operating Expenses $4.2b $4.4b $4.6b $5.0b $5.6b $5.6b $5.8b $5.4b $5.2b $5.1b
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax $102.0m $12.0m $2.0m $20.0m $24.0m — — — — —
Net Cash Provided by (Used in) Operating Activities $1.6b $1.7b $1.4b $1.4b $1.4b $237.0m $809.0m $607.0m $1.5b $1.5b
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $726.0m $524.0m $731.0m $705.0m $702.0m $392.0m $694.0m $685.0m $420.0m $447.0m
Payments to Acquire Businesses, Net of Cash Acquired — — $0 $0 $69.0m $0 $135.0m $0 $0 —
Payments for (Proceeds from) Other Investing Activities $4.0m $5.0m $1.0m $9.0m $0 ($2.0m) $5.0m $0 ($1.0m) $5.0m
Net Cash Provided by (Used in) Investing Activities ($730.0m) ($529.0m) ($666.0m) ($1.0b) ($894.0m) ($510.0m) ($446.0m) ($227.0m) ($334.0m) ($692.0m)
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt — — — $0 $0 $2.2b $1.5b $0 $0 —
Repayments of Long-term Debt $21.0m — — — $0 $1.3b $2.5b $0 — —
Payments for Repurchase of Common Stock $1.0b $0 $315.0m $398.0m $200.0m $0 $201.0m $123.0m $0 $75.0m
Dividends paid $377.0m $367.0m $361.0m $373.0m $364.0m $0 $226.0m $220.0m $222.0m $225.0m
Payments of Dividends $377.0m $367.0m $361.0m $373.0m $364.0m $0 $226.0m $220.0m $222.0m $225.0m
Proceeds from (Payments for) Other Financing Activities ($1.0m) $0 $0 ($1.0m) — — $0 ($2.0m) ($2.0m) ($3.0m)
Net Cash Provided by (Used in) Financing Activities ($990.0m) ($777.0m) ($731.0m) ($749.0m) ($560.0m) $895.0m ($1.5b) $6.0m ($567.0m) ($321.0m)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — $0 $19.0m ($10.0m) $4.0m $13.0m ($6.0m) ($15.0m) ($3.0m) ($9.0m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — $0 $2.0m ($379.0m) ($39.0m) $635.0m ($1.1b) $371.0m $628.0m $464.0m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — $0 $1.8b $1.4b $1.4b $2.0b $902.0m $1.3b $1.9b $2.4b
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities — $82.0m $76.0m $76.0m $76.0m $145.0m $180.0m $76.0m $74.0m $63.0m
Income Taxes Paid, Net — $488.0m $570.0m $143.0m $176.0m $20.0m $215.0m ($388.0m) $49.0m $237.0m

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.