← ROSS STORES, INC.
| Annual Trend | FY 2016 | 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 earnings | — | $1.1b | $1.4b | $1.6b | $1.7b | $85.4m | $1.7b | $1.5b | $1.9b | $2.1b | $2.1b | |
| Net Income (Loss) Attributable to Parent | $1.0b | $1.1b | $1.4b | $1.6b | $1.7b | $85.4m | $1.7b | $1.5b | $1.9b | $2.1b | $2.1b | |
| Depreciation, Depletion and Amortization | $274.8m | $302.5m | $313.2m | $330.4m | $350.9m | $364.2m | $360.7m | $394.7m | $419.4m | $446.8m | $509.4m | |
| Deferred Income Tax Expense (Benefit) | $56.4m | ($8.7m) | ($34.9m) | $31.8m | $32.0m | ($27.8m) | $15.8m | $79.4m | ($20.8m) | ($9.2m) | $74.4m | |
| Deferred income taxes | — | ($8.7m) | ($34.9m) | $31.8m | $32.0m | ($27.8m) | $15.8m | $79.4m | ($20.8m) | ($9.2m) | $74.4m | |
| Share-based Payment Arrangement, Expense | — | $74.6m | $87.4m | $95.6m | — | — | — | — | — | — | — | |
| Share-based Payment Arrangement, Noncash Expense | $70.9m | $74.6m | $87.4m | $95.6m | $95.4m | $101.6m | $134.2m | $121.9m | $145.5m | $156.3m | $175.4m | |
| Gain (Loss) on Disposition of Assets | — | $0 | $6.3m | $0 | — | — | — | — | — | — | — | |
| Gain (Loss) on Disposition of Property Plant Equipment | — | — | — | — | — | — | — | — | $0 | $61.6m | $0 | |
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | $0 | ($240.0m) | $0 | — | — | — | — | |
| Gain on sale of property | — | — | — | — | — | — | — | $0 | $0 | ($61.6m) | $0 | |
| Income Tax Expense (Benefit) | $591.1m | $668.5m | $678.0m | $463.4m | $503.4m | $20.9m | $536.0m | $475.4m | $597.3m | $666.4m | $697.1m | |
| Operating lease assets and liabilities, net | — | — | $0 | $0 | $15.6m | $13.7m | $7.6m | $9.3m | $8.3m | $12.6m | $2.4m | |
| Changes in operating assets and liabilities: | ||||||||||||
| Additional Financial Items | ||||||||||||
| Accounts payable | — | $83.1m | $41.3m | $110.5m | $114.2m | $938.8m | $135.3m | ($365.3m) | ($65.3m) | $154.7m | $285.2m | |
| Accrued capital expenditures | $367.0m | $297.9m | $371.4m | $413.9m | $555.5m | $405.4m | $557.8m | $654.1m | $762.8m | $720.1m | $819.3m | |
| Beginning of year | — | $761.6m | $1.1b | $1.5b | $1.4b | $5.0b | $5.0b | $4.6b | $4.9b | $4.8b | $4.7b | |
| Income taxes | — | — | ($1.7m) | $3.7m | ($35.2m) | $39.8m | ($44.6m) | $33.9m | $22.9m | ($27.5m) | $17.2m | |
| Increase (Decrease) in Accounts Payable | ($41.5m) | $83.1m | $41.3m | $110.5m | $114.2m | $938.8m | $135.3m | ($365.3m) | ($65.3m) | $154.7m | $285.2m | |
| Increase (Decrease) in Inventories | $46.4m | $93.8m | $128.8m | $108.7m | $81.9m | ($323.4m) | $753.3m | ($238.8m) | $168.7m | $252.3m | $186.5m | |
| Increase (Decrease) in Other Operating Assets | $13.5m | $928k | $31.8m | $30.8m | — | — | — | — | — | — | — | |
| Increase (Decrease) in Other Operating Liabilities | $7.8m | $76.7m | $49.1m | $37.1m | — | — | — | — | — | — | — | |
| Merchandise inventory | — | ($93.8m) | ($128.8m) | ($108.7m) | ($81.9m) | $323.4m | ($753.3m) | $238.8m | ($168.7m) | ($252.3m) | ($186.5m) | |
| Other current assets | — | ($928k) | ($31.8m) | ($22.0m) | ($10.3m) | ($39.4m) | $1.4m | ($39.5m) | ($2.3m) | ($27.3m) | ($47.4m) | |
| Other current liabilities | — | $76.7m | $49.1m | $74.8m | $30.5m | $171.4m | $198.6m | ($304.5m) | $297.0m | ($123.6m) | $50.8m | |
| Other long-term, net | — | $7.8m | $29.4m | ($33.1m) | ($567k) | $34.9m | ($39.5m) | $8.6m | $3.9m | ($2.7m) | $995k | |
| Proceeds from sale of property | — | — | — | — | — | — | — | $0 | $0 | $82.6m | $0 | |
| Stock-based compensation | — | $74.6m | $87.4m | $95.6m | $95.4m | $101.6m | $134.2m | $121.9m | $145.5m | $156.3m | $175.4m | |
| Treasury stock purchased | — | ($43.3m) | ($45.4m) | ($54.4m) | ($60.7m) | ($45.2m) | ($57.3m) | ($48.9m) | ($48.6m) | ($86.1m) | ($79.9m) | |
| Net Cash Provided by (Used in) Operating Activities | $1.3b | $1.6b | $1.7b | $2.1b | $2.2b | $2.2b | $1.7b | $1.7b | $2.5b | $2.4b | $3.0b | |
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $367.0m | $297.9m | $371.4m | $413.9m | $555.5m | $405.4m | $557.8m | $654.1m | $762.8m | $720.1m | $819.3m | |
| Payments to Acquire Investments | $718k | $0 | — | — | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Investing Activities | ($362.5m) | ($292.8m) | ($354.8m) | ($410.4m) | ($555.0m) | ($405.4m) | ($557.8m) | ($654.1m) | ($762.8m) | ($637.5m) | ($819.3m) | |
| Cash flows from financing activities: | ||||||||||||
| Proceeds from Issuance of Long-term Debt | $0 | — | — | — | $0 | $3.0b | $0 | — | — | — | — | |
| Payment of long-term debt | — | $0 | $0 | ($85.0m) | $0 | ($775.0m) | ($65.0m) | $0 | $0 | ($250.0m) | ($700.0m) | |
| Repayments of Long-term Debt | — | — | $0 | $85.0m | $0 | $775.0m | $65.0m | $0 | $0 | $250.0m | $700.0m | |
| Issuance of common stock related to stock plans | — | $18.5m | $18.5m | $20.1m | $22.2m | $23.5m | $25.1m | $24.7m | $24.9m | $25.1m | $25.3m | |
| Payments for Repurchase of Common Stock | $700.0m | $700.0m | $875.0m | $1.1b | $1.3b | $132.5m | $650.0m | $950.0m | $950.0m | $1.0b | $1.1b | |
| Payments of Ordinary Dividends, Common Stock | $192.3m | $214.6m | $247.5m | $337.2m | $369.8m | $101.4m | $405.1m | $431.3m | $454.8m | $488.7m | $528 | |
| Repurchase of common stock | — | ($700.0m) | ($875.0m) | ($1.1b) | ($1.3b) | ($132.5m) | ($650.0m) | ($950.0m) | ($950.0m) | ($1.0b) | ($1.1b) | |
| Dividends paid | — | ($215) | ($248) | ($337) | ($370) | ($101) | ($405) | ($431) | ($455) | ($489) | ($528) | |
| Payments of Dividends | $192.3m | $214.6m | $247.5m | $337.2m | $369.8m | $101.4m | $405.1m | $431.3m | $454.8m | $488.7m | $528 | |
| Net Cash Provided by (Used in) Financing Activities | ($898.7m) | ($916.1m) | ($1.1b) | ($1.5b) | ($1.7b) | $1.7b | ($1.2b) | ($1.4b) | ($1.4b) | ($1.9b) | ($2.3b) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | $346.6m | $177.1m | $124.8m | ($66.7m) | $3.5b | $28.6m | ($370.1m) | $323.2m | ($139.0m) | ($134.5m) | |
| Net (decrease) increase in cash, cash equivalents, and restricted cash and cash equivalents | — | $346.6m | $177.1m | $124.8m | ($66.7m) | $3.5b | $28.6m | ($370.1m) | $323.2m | ($139.0m) | ($134.5m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $346.6m | $1.4b | $1.5b | $1.4b | $5.0b | $5.0b | $4.6b | $4.9b | $4.8b | $4.7b | |
| Restricted Cash and Investments, Current | $15.8m | $13.6m | — | — | — | — | — | — | — | — | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | $18.1m | $18.1m | $18.1m | $12.7m | $72.5m | $84.3m | $80.3m | $80.3m | $80.3m | $55.8m | |
| Income Taxes Paid, Net | $523.6m | $628.4m | $714.6m | $427.9m | $506.6m | $8.9m | $564.8m | $362.2m | $595.2m | $703.1m | $605.6m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.