The Gap
Cash Flow
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Cash flow statement presents a set of outflows and inflows of cash within a company through operating, investing and financing activities. Over the last year, operating activities of The Gap generated cash of $1,532,000,000, which is more than the previous year. Cash used in financing activities reached the amount of -$567,000,000 last year. Net change in cash is therefore $628,000,000.
Cash Flow
| 2010 | 1.92B | -537M | -771M |
|---|---|---|---|
| 2011 | 1.74B | -429M | -2.12B |
| 2012 | 1.36B | -454M | -602M |
| 2016 | 1.59B | -730M | -990M |
| 2018 | 1.38B | -668M | -731M |
| 2020 | 1.41B | -894M | -560M |
| 2021 | 237M | -510M | 895M |
| 2023 | 607M | -227M | 6M |
| 2024 | 1.53B | -334M | -567M |
GPS Cash Flow Statement (2010 – 2023)
| 2023 | 2022 | 2020 | 2019 | 2017 | 2015 | 2012 | 2011 | 2010 | |
|---|---|---|---|---|---|---|---|---|---|
Cash at beginning of period | 1.27B | 902M | 1.38B | 1.42B | 1.78B | 1.51B | 1.56B | 2.34B | 1.71B |
Operating activities | |||||||||
Net income | 502M | -202M | -665M | 351M | 848M | 920M | 833M | 1.20B | 1.10B |
| Adjustments to reconcile net income to cash generated by operating activities: | |||||||||
Depreciation and amortization | 522M | 540M | 507M | 557M | 499M | 527M | 592M | 648M | 655M |
Stock-based compensation expense | 80M | 37M | 77M | 68M | 87M | 76M | 58M | 77M | 64M |
| Deferred income tax benefit | 80M | 37M | 77M | 68M | 87M | 76M | 58M | 77M | 64M |
| Changes in operating assets and liabilities: | |||||||||
Accounts receivable, net | 0 | 0 | -115M | -5M | 35M | 18M | 0 | 0 | 0 |
Inventories | 383M | 554M | -305M | 4M | -142M | -6M | 4M | -127M | 43M |
Accounts payable | 42M | -540M | 564M | 66M | -90M | -47M | 11M | -7M | 40M |
Cash generated by operating activities | 1.53B | 607M | 237M | 1.41B | 1.38B | 1.59B | 1.36B | 1.74B | 1.92B |
Investing activities | |||||||||
Purchases Of Investments | 0 | 0 | -508M | -293M | 0 | 0 | -50M | -475M | -350M |
Investments In Property Plant And Equipment | -420M | -685M | -392M | -1.04B | -731M | -726M | -548M | -557M | -334M |
Acquisitions Net | 9M | 458M | 0 | -69M | 66M | 0 | 0 | 0 | 0 |
Cash generated by investing activities | -334M | -227M | -510M | -894M | -668M | -730M | -454M | -429M | -537M |
Financing activities | |||||||||
Common Stock Issued | 27M | 0 | 22M | 25M | 0 | 0 | 0 | 0 | 0 |
Payments for dividends | -222M | -220M | 0 | -364M | -361M | -377M | -236M | -252M | -234M |
Repurchases of common stock | -20M | -123M | -9M | -200M | -315M | -1.01B | -2.09B | -1.95B | -547M |
Repayments of term debt | -350M | 350M | -1.80B | 0 | -67M | 379M | 0 | -3M | -50M |
Cash used in financing activities | -567M | 6M | 895M | -560M | -731M | -990M | -602M | -2.12B | -771M |
Net Change In Cash | 628M | 371M | 635M | -39M | 0 | -145M | 324M | -787M | 633M |
Cash at end of period | 1.90B | 1.27B | 2.01B | 1.38B | 1.78B | 1.37B | 1.88B | 1.56B | 2.34B |
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