Macy's Inc (M) Financial Statements (2024 and earlier)

Company Profile

Business Address 151 WEST 34TH STREET
NEW YORK, NY 10001
State of Incorp. DE
Fiscal Year End January 31
Industry (SIC) 5311 - Department Stores (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

10/31/2023
MRQ
1/31/2023
1/31/2022
1/31/2021
1/31/2020
1/31/2019
1/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8621,7121,6796851,1621,455
Cash and cash equivalents8621,7121,6796851,1621,455
Receivables300297276409400363
Inventory, net of allowances, customer advances and progress billings4,2674,3833,7745,1885,2635,178
Inventory4,2674,3833,7745,1885,2635,178
Prepaid expense424366455528620448
Total current assets:5,8536,7586,1846,8107,4457,444
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 9101213
Operating lease, right-of-use asset 2,6742,7982,8662,655
Property, plant and equipment5,9135,6655,9406,6336,6376,672
Intangible assets, net (including goodwill)1,2601,2631,2654,3474,3864,385
Goodwill8288288283,9083,9083,897
Intangible assets, net (excluding goodwill)432435437439478488
Other noncurrent assets1,1571,0961,439714726880
Other undisclosed noncurrent assets      
Total noncurrent assets:11,01310,83211,52214,36211,74911,937
TOTAL ASSETS:16,86617,59017,70621,17219,19419,381
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:4,8035,4164,9053,4483,3663,167
Interest and dividends payable  415170
Taxes payable108 226302157
Employee-related liabilities  194268229
Accounts payable2,0532,2221,9781,6821,655 
Accrued liabilities2,7503,0862,9276414081,426
Other undisclosed accounts payable and accrued liabilities    6646821,285
Debt2 4525394322
Other undisclosed current liabilities 56  1,7631,8231,886
Total current liabilities:4,8615,4165,3575,7505,2325,075
Noncurrent Liabilities
Long-term debt and lease obligation, including:2,9963,2954,4073,6214,7085,861
Capital lease obligations2526
Finance lease, liability 15171921
Other undisclosed long-term debt and lease obligation2,9811971,2227034,6835,835
Liabilities, other than long-term debt4,9122,1602,2041,3372,8182,784
Deferred tax liabilities, net1,2381,122
Deferred income tax liabilities947983908 
Other liabilities1,0171,1771,2961,3371,5801,662
Operating lease, liability 2,9483,0813,1662,897
Other undisclosed noncurrent liabilities 153,0983,1854,087  
Total noncurrent liabilities:7,9238,5539,7969,0457,5268,645
Total liabilities:12,78413,96915,15314,79512,75813,720
Equity
Equity, attributable to parent4,0823,6212,5536,3776,4365,673
Common stock 333333
Treasury stock, value (2,038)(1,545)(1,161)(1,241)(1,318)(1,456)
Additional paid in capital 467517571621652676
Accumulated other comprehensive loss (618)(622)(788)(995)(951)(724)
Retained earnings 6,2685,2683,9287,9898,0507,174
Other undisclosed equity, attributable to parent      
Equity, attributable to noncontrolling interest      (12)
Total equity:4,0823,6212,5536,3776,4365,661
Other undisclosed liabilities and equity      
TOTAL LIABILITIES AND EQUITY:16,86617,59017,70621,17219,19419,381

Income Statement (P&L) ($ in millions)

10/31/2023
TTM
1/31/2023
1/31/2022
1/31/2021
1/31/2020
1/31/2019
1/31/2018
Revenues24,44224,46017,34624,56024,97124,837
Revenue, net24,837
Cost of revenue
(Cost of Goods and Services Sold)
(15,306)(14,956)(12,286)(15,171)(15,215)(15,152)
Gross profit:9,1369,5045,0609,3899,7569,685
Operating expenses(8,269)(7,986)(10,286)(9,190)(8,786)(8,409)
Other undisclosed operating income863832751771768531
Operating income (loss):1,7302,350(4,475)9701,7381,807
Nonoperating income13158516411
Investment income, nonoperating1314202511
Net periodic defined benefits expense (reversal of expense), excluding service cost component   543139
Interest and debt expense(206)(455)(284)(235)(294)(311)
Other undisclosed loss from continuing operations before equity method investments, income taxes    (58)(88) 
Income (loss) from continuing operations before equity method investments, income taxes:1,5371,896(4,701)7281,4201,507
Other undisclosed loss from continuing operations before income taxes(19)(30)(89)   
Income (loss) from continuing operations before income taxes:1,5181,866(4,790)7281,4201,507
Income tax expense (benefit)(341)(436)846(164)(322)29
Income (loss) from continuing operations:1,1771,430(3,944)5641,0981,536
Income (loss) before gain (loss) on sale of properties:1,430(3,944)5641,0981,536
Net income (loss):1,1771,430(3,944)5641,0981,536
Net income attributable to noncontrolling interest     1011
Net income (loss) available to common stockholders, diluted:1,1771,430(3,944)5641,1081,547

Comprehensive Income ($ in millions)

10/31/2023
TTM
1/31/2023
1/31/2022
1/31/2021
1/31/2020
1/31/2019
1/31/2018
Net income (loss):1,1771,430(3,944)5641,0981,536
Other comprehensive income (loss)4166204(40)(63)172
Comprehensive income (loss):1,1811,596(3,740)5241,0351,708
Comprehensive income, net of tax, attributable to noncontrolling interest     1011
Comprehensive income (loss), net of tax, attributable to parent:1,1811,596(3,740)5241,0451,719

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.

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