Gap, Inc. (The) (GPS) Financial Statements (2024 and earlier)
Company Profile
Business Address |
TWO FOLSOM STREET SAN FRANCISCO, CA 94105 |
State of Incorp. | DE |
Fiscal Year End | January 31 |
Industry (SIC) | 5651 - Family Clothing Stores (benchmarking) |
More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)Annual | Quarterly
10/31/2023 Q3 | 7/31/2023 Q2 | 4/30/2023 Q1 | 1/31/2023 Q4 | 10/31/2022 Q3 | 7/31/2022 Q2 | 4/30/2022 Q1 | |||
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ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 1,350 | 1,170 | 1,215 | 679 | 708 | 845 | |||
Cash and cash equivalents | 1,350 | 1,170 | 1,215 | 679 | 708 | 845 | |||
Restricted cash and investments | 32 | 1 | |||||||
Receivables | 340 | ||||||||
Prepaid expense | 256 | ||||||||
Derivative instruments and hedges, assets | 11 | ||||||||
Other current assets | 663 | 814 | 1,013 | 1,316 | 1,106 | 991 | |||
Other undisclosed current assets | 2,226 | 2,299 | 1,750 | 3,042 | 3,135 | 3,169 | |||
Total current assets: | 4,239 | 4,283 | 4,617 | 5,038 | 4,949 | 5,005 | |||
Noncurrent Assets | |||||||||
Operating lease, right-of-use asset | 3,113 | 3,123 | 3,173 | 3,341 | 3,532 | 3,587 | |||
Property, plant and equipment | 2,595 | 2,646 | 2,688 | 2,788 | 2,809 | 2,791 | |||
Other noncurrent assets | 903 | 880 | 908 | 833 | 881 | 874 | |||
Total noncurrent assets: | 6,611 | 6,649 | 6,769 | 6,962 | 7,222 | 7,252 | |||
TOTAL ASSETS: | 10,850 | 10,932 | 11,386 | 12,000 | 12,171 | 12,257 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities | 2,413 | 2,250 | 2,589 | 2,690 | 2,897 | 2,755 | |||
Taxes payable | ✕ | ✕ | ✕ | 50 | 57 | 41 | 29 | ||
Accounts payable | 1,406 | 1,199 | 1,320 | 1,388 | 1,640 | 1,599 | |||
Accrued liabilities | 1,007 | 1,051 | 1,219 | 1,245 | 1,216 | 1,127 | |||
Derivative instruments and hedges, liabilities | 20 | ||||||||
Disposal group, including discontinued operation | 126 | ||||||||
Customer refund liability | 84 | ||||||||
Other undisclosed current liabilities | 594 | 668 | 437 | 691 | 717 | 717 | |||
Total current liabilities: | 3,007 | 2,918 | 3,256 | 3,381 | 3,614 | 3,472 | |||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation | 1,487 | 1,487 | 1,486 | 5,159 | 5,342 | 5,406 | |||
Long-term debt, excluding current maturities | 1,487 | 1,487 | 1,486 | 1,486 | 1,485 | 1,485 | |||
Liabilities, other than long-term debt, including: | 3,433 | 3,453 | 60 | 60 | 60 | ||||
Deferred rent credit | 27 | ||||||||
Asset retirement obligations | 38 | ||||||||
Liability for uncertainty in income taxes | 327 | ||||||||
Other liabilities | 152 | ||||||||
Operating lease, liability | 3,433 | 3,453 | 3,517 | 3,673 | 3,857 | 3,921 | |||
Other undisclosed liabilities, other than long-term debt | (4,001) | 60 | 60 | ||||||
Other undisclosed noncurrent liabilities | 660 | 889 | 4,351 | (2,784) | 850 | 865 | |||
Total noncurrent liabilities: | 5,580 | 5,829 | 5,897 | 6,048 | 6,252 | 6,331 | |||
Total liabilities: | 8,587 | 8,747 | 9,153 | 9,429 | 9,866 | 9,803 | |||
Equity | |||||||||
Equity, attributable to parent | 2,263 | 2,185 | 2,233 | 2,571 | 2,305 | 2,454 | |||
Common stock | 18 | 18 | 18 | 18 | 18 | 19 | |||
Additional paid in capital | 73 | 47 | 27 | 16 | |||||
Accumulated other comprehensive income | 44 | 53 | 48 | 69 | 46 | 46 | |||
Retained earnings | 2,128 | 2,067 | 2,140 | 2,468 | 2,241 | 2,389 | |||
Total equity: | 2,263 | 2,185 | 2,233 | 2,571 | 2,305 | 2,454 | |||
TOTAL LIABILITIES AND EQUITY: | 10,850 | 10,932 | 11,386 | 12,000 | 12,171 | 12,257 |
Income Statement (P&L) ($ in millions)Annual | Quarterly
10/31/2023 Q3 | 7/31/2023 Q2 | 4/30/2023 Q1 | 1/31/2023 Q4 | 10/31/2022 Q3 | 7/31/2022 Q2 | 4/30/2022 Q1 | ||
---|---|---|---|---|---|---|---|---|
Revenues | 3,548 | 3,276 | 4,243 | 4,039 | 3,857 | 3,477 | ||
Cost of revenue (Cost of Goods and Services Sold) | (2,215) | (2,062) | (2,819) | (2,530) | (2,527) | (2,381) | ||
Gross profit: | 1,333 | 1,214 | 1,424 | 1,509 | 1,330 | 1,096 | ||
Operating expenses | (1,227) | (1,224) | (1,454) | (1,323) | (1,358) | (1,293) | ||
Operating income (loss): | 106 | (10) | (30) | 186 | (28) | (197) | ||
Nonoperating income (Investment Income, Nonoperating) | 17 | 13 | 12 | 4 | 1 | 1 | ||
Interest and debt expense | (15) | (23) | (25) | (22) | (21) | (20) | ||
Income (loss) from continuing operations before income taxes: | 108 | (20) | (43) | 168 | (48) | (216) | ||
Income tax expense (benefit) | 9 | 2 | (230) | 114 | (1) | 54 | ||
Income (loss) from continuing operations: | 117 | (18) | (273) | 282 | (49) | (162) | ||
Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 282 | (49) | (162) | |
Net income (loss) available to common stockholders, diluted: | 117 | (18) | (273) | 282 | (49) | (162) |
Comprehensive Income ($ in millions)Annual | Quarterly
10/31/2023 Q3 | 7/31/2023 Q2 | 4/30/2023 Q1 | 1/31/2023 Q4 | 10/31/2022 Q3 | 7/31/2022 Q2 | 4/30/2022 Q1 | ||
---|---|---|---|---|---|---|---|---|
Net income (loss): | 117 | (18) | (273) | 282 | (49) | (162) | ||
Other comprehensive income (loss) | (9) | 5 | (21) | 23 | 8 | |||
Comprehensive income (loss), net of tax, attributable to parent: | 108 | (13) | (294) | 305 | (49) | (154) |
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.