← Victoria's Secret & Co.
| Annual Trend | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|---|---|
| Net Income | ($897.0m) | ($72.0m) | $646.0m | $338.0m | $116.0m | $169.0m | $189.0m | |
| Depreciation and Amortization | — | — | $303.0m | $274.0m | $284.0m | $258.0m | $238.0m | |
| Amortization of Fair Value Adjustment to Acquired Inventories | — | — | $0 | $0 | $29.0m | $0 | $0 | |
| Deferred Income Taxes | ($30.0m) | ($64.0m) | $1.0m | ($28.0m) | ($16.0m) | ($29.0m) | ($49.0m) | |
| Adore Me Long-Lived Assets Impairment Charges | $263.0m | $254.0m | $0 | $0 | $0 | $0 | $120.0m | |
| Share-based Compensation Expense | $38.0m | $25.0m | $33.0m | $48.0m | $56.0m | $60.0m | $55.0m | |
| Equity Method Investment Impairment Charges | — | — | — | $0 | $0 | $19.0m | $0 | |
| Tax Payments related to Share-based Awards | $0 | $0 | ($4.0m) | ($42.0m) | ($12.0m) | ($10.0m) | ($15.0m) | |
| Payments for Contingent Compensation related to Adore Me Acquisition | — | — | — | $0 | $0 | $39.0m | $1.0m | |
| Gain on Sale of Assets | — | — | — | $0 | $0 | ($7.0m) | $0 | |
| Accounts Receivable | $14.0m | $36.0m | ($21.0m) | $22.0m | ($13.0m) | ($8.0m) | ($24.0m) | |
| Inventories | $20.0m | $141.0m | ($247.0m) | $0 | $36.0m | $29.0m | ($112.0m) | |
| Accounts Payable, Accrued Expenses and Other | ($118.0m) | $49.0m | $173.0m | ($163.0m) | ($11.0m) | ($78.0m) | $114.0m | |
| Income Taxes | ($49.0m) | ($25.0m) | $119.0m | ($67.0m) | ($26.0m) | $14.0m | $15.0m | |
| Other Assets and Liabilities | ($57.0m) | $97.0m | ($156.0m) | $13.0m | ($66.0m) | $37.0m | ($46.0m) | |
| Proceeds from Sale of Assets | — | — | — | $0 | $0 | $25.0m | $0 | |
| Acquisition, Net of Cash Acquired | — | $0 | $0 | ($369.0m) | $1.0m | $0 | $0 | |
| Repayments of Borrowings from Asset-based Revolving Credit Facility | ($162.0m) | ($189.0m) | $0 | $0 | ($615.0m) | ($605.0m) | ($545.0m) | |
| Borrowings from Asset-based Revolving Credit Facility | — | $0 | $0 | $295.0m | $465.0m | $460.0m | $545.0m | |
| Payments for Contingent and Deferred Consideration related to Adore Me Acquisition | — | — | — | $0 | $0 | ($161.0m) | ($4.0m) | |
| Proceeds from Stock Option Exercises | $0 | $0 | $5.0m | $5.0m | $3.0m | $5.0m | $4.0m | |
| Net Cash Provided by Operating Activities | $315.0m | $674.0m | $851.0m | $437.0m | $389.0m | $425.0m | $499.0m | |
| Capital Expenditures | ($225.0m) | ($127.0m) | ($169.0m) | ($164.0m) | ($256.0m) | ($178.0m) | ($187.0m) | |
| Other Investing Activities | ($18.0m) | $4.0m | $0 | ($4.0m) | $1.0m | $0 | $3.0m | |
| Net Cash Used for Investing Activities | ($243.0m) | ($123.0m) | ($169.0m) | ($555.0m) | ($254.0m) | ($153.0m) | ($184.0m) | |
| Payments of Long-term Debt | $0 | $0 | ($1.0m) | ($4.0m) | ($4.0m) | ($4.0m) | ($4.0m) | |
| Repurchases of Common Stock | $0 | $0 | ($250.0m) | ($250.0m) | ($125.0m) | $0 | $0 | |
| Other Financing Activities | $0 | $0 | ($6.0m) | ($1.0m) | ($3.0m) | $0 | ($5.0m) | |
| Net Cash Used for Financing Activities | ($192.0m) | ($465.0m) | ($527.0m) | $58.0m | ($291.0m) | ($315.0m) | ($24.0m) | |
| Effects of Exchange Rate Changes on Cash and Cash Equivalents | ($4.0m) | $4.0m | $0 | ($3.0m) | ($1.0m) | $0 | $0 | |
| Net Increase (Decrease) in Cash and Cash Equivalents | ($124.0m) | $90.0m | $155.0m | ($63.0m) | ($157.0m) | ($43.0m) | $291.0m | |
| Cash and Cash Equivalents, Beginning of Period | $245.0m | $335.0m | $490.0m | $427.0m | $270.0m | $227.0m | $518.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.