← LANDS' END, INC.
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (loss) | ($109.8m) | $28.2m | $11.6m | $19.3m | $10.8m | $33.4m | ($12.5m) | ($130.7m) | $6.2m | $5.5m | |
| Depreciation and amortization | $19.0m | $24.9m | $27.6m | $31.1m | $37.3m | $39.2m | $38.7m | $38.5m | $33.8m | $30.2m | |
| Amortization of debt issuance costs | $1.7m | $1.9m | $1.8m | $1.7m | $3.1m | $3.2m | $3.2m | $2.7m | $2.7m | $2.8m | |
| Deferred income taxes | ($67.3m) | ($32.8m) | $223k | ($456k) | ($10.8m) | ($782k) | $927k | $1.8m | $3.4m | $942k | |
| Goodwill and long-lived asset impairment | — | — | — | — | — | — | $468k | $106.7m | $3.8m | $683k | |
| Loss (gain) on disposal of property and equipment | $672k | $348k | $278k | ($266k) | $1.3m | $741k | ($530k) | $93k | ($2.4m) | $16k | |
| Loss on extinguishment of debt | — | — | — | — | — | — | — | $6.7m | — | — | |
| Stock-based compensation | $2.2m | $4.0m | $6.2m | $8.7m | $9.2m | $10.2m | $3.8m | $3.8m | $4.9m | $5.5m | |
| Other | — | — | — | $1.6m | $1.9m | ($661k) | ($775k) | ($1.3m) | ($1.1m) | ($1.1m) | |
| Accounts receivable, net | — | — | $14.7m | ($13.7m) | $15.0m | ($13.2m) | $4.5m | $9.9m | ($12.8m) | $7.5m | |
| Inventories | $755k | ($2.7m) | $7.8m | ($53.8m) | ($4.1m) | ($4.2m) | ($45.9m) | $124.5m | $36.1m | ($1.3m) | |
| Accounts payable | $17.0m | ($7.0m) | ($29.4m) | $32.7m | ($21.2m) | $13.1m | $19.9m | ($33.0m) | ($18.2m) | $2.5m | |
| Other operating assets | ($12.4m) | ($3.2m) | $17.8m | ($16.9m) | ($376k) | $4.1m | ($8.1m) | ($447k) | $7.2m | $5.6m | |
| Other operating liabilities | ($1.0m) | $14.8m | $4.5m | $3.5m | $46.1m | ($14.4m) | ($40.1m) | $1.5m | ($10.3m) | ($9.0m) | |
| Sales of property and equipment | $47k | $68k | $456k | $906k | $0 | $0 | $2.0m | $7k | $2.7m | $52k | |
| Purchases of property and equipment | ($33.3m) | ($38.1m) | ($44.9m) | ($38.9m) | ($30.1m) | ($25.2m) | ($31.8m) | ($34.9m) | ($37.8m) | ($29.2m) | |
| Proceeds from borrowings under ABL Facility | — | — | — | $99.5m | $235.0m | $143.0m | $264.0m | $172.0m | $113.0m | $109.0m | |
| Payments of borrowings under ABL Facility | — | — | — | ($99.5m) | ($210.0m) | ($168.0m) | ($164.0m) | ($272.0m) | ($113.0m) | ($109.0m) | |
| Payments on term loan | — | — | ($5.2m) | ($105.2m) | ($388.8m) | ($13.8m) | ($13.8m) | ($244.1m) | ($13.0m) | ($13.0m) | |
| Proceeds from exercise of stock options | — | — | — | — | — | — | — | — | — | $908k | |
| Payments for taxes and exercise costs related to net share settlement of equity awards | — | — | — | — | — | — | — | ($1.3m) | ($1.3m) | ($2.4m) | |
| Payments for taxes related to net share settlement of equity awards | ($396k) | ($747k) | ($603k) | ($763k) | ($483k) | ($5.1m) | ($4.3m) | ($1.3m) | ($1.3m) | — | |
| Unpaid liability to acquire property and equipment | $8.4m | $7.8m | $5.5m | $7.4m | $3.2m | $2.6m | $10.0m | $3.9m | $1.7m | $2.8m | |
| Net cash provided by operating activities | $23.7m | $28.4m | $48.2m | $27.3m | $91.6m | $70.6m | ($36.4m) | $130.6m | $53.1m | $49.6m | |
| Net cash used in investing activities | ($33.3m) | ($37.1m) | ($44.4m) | ($38.0m) | ($30.1m) | ($25.2m) | ($29.8m) | ($34.9m) | ($35.0m) | ($29.2m) | |
| Proceeds from issuance on long-term debt, net of discount | $0 | — | — | — | $266.8m | — | — | $252.2m | — | — | |
| Payments of debt issuance costs | $0 | $1.5m | $0 | — | ($5.5m) | ($1.2m) | — | ($2.7m) | ($724k) | ($1.1m) | |
| Payments of debt extinguishment costs | — | — | — | — | — | — | — | ($2.3m) | — | — | |
| Purchases and retirement of common stock | — | — | — | — | — | — | ($8.5m) | ($11.9m) | $11.6m | $4.5m | |
| Net cash used in financing activities | ($5.2m) | ($7.4m) | ($5.8m) | ($105.9m) | ($103.1m) | ($45.1m) | $73.5m | ($110.1m) | ($26.6m) | ($20.1m) | |
| Effects of exchange rate changes on cash, cash equivalents and restricted cash | — | ($1.4m) | ($635k) | $540k | ($1.9m) | $103k | ($2.0m) | $350k | $9k | ($903k) | |
| NET DECREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | ($15.3m) | ($18.5m) | ($2.6m) | ($116.1m) | ($43.5m) | $341k | $5.3m | ($14.1m) | ($8.5m) | ($529k) | |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF YEAR | $216.4m | $197.9m | $195.4m | $79.3m | $35.8m | $36.1m | $41.4m | $27.3m | $18.8m | $18.3m | |
| Interest paid | $22.5m | $23.5m | $27.2m | $23.7m | $21.6m | $31.4m | $34.5m | $48.1m | $37.0m | $34.8m | |
| Income taxes paid, net of refunds | $3.7m | $3.4m | $1.2m | $3.1m | $288k | $24.9m | $4.8m | $1.1m | ($743k) | ($378k) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.