Gap, Inc. (The) (GPS) financial statements (2022 and earlier)

Company profile

Business Address TWO FOLSOM STREET
SAN FRANCISCO, CA 94105
State of Incorp. DE
Fiscal Year End January 31
SIC 5651 - Family Clothing Stores (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

1/31/2022
1/31/2021
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8772,3981,6541,3691,7831,7831,370
Cash and cash equivalents8771,9881,3641,0811,7831,7831,370
Short-term investments 410290288   
Restricted cash and investments 4     
Receivables399363316359282335282
Prepaid expense601513 372492326375
Deferred costs16      
Derivative instruments and hedges, assets165 20144185
Disposal group, including discontinued operation49      
Other current assets1,2701,159706751788702742
Other undisclosed current assets1,9371,5661,8401,3801,2091,1281,131
Total current assets:5,1656,0084,5164,2514,5684,3153,985
Noncurrent Assets
Operating lease, right-of-use asset3,6754,2175,402
Property, plant and equipment3,0372,8413,1222,9122,8052,6162,850
Other noncurrent assets884703639886616679638
Total noncurrent assets:7,5967,7619,1633,7983,4213,2953,488
TOTAL ASSETS:12,76113,76913,6798,0497,9897,6107,473
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,3433,0532,2892,1742,4612,3882,114
Accounts payable1,9511,7431,1741,1261,1811,2431,112
Accrued liabilities1,3671,2761,0671,0241,2701,113979
Taxes payable25344824103223
Debt  920  65421
Derivative instruments and hedges, liabilities221     
Disposal group, including discontinued operation 58     
Customer refund liability9796     
Other undisclosed current liabilities635656     
Total current liabilities:4,0773,8843,2092,1742,4612,4532,535
Noncurrent Liabilities
Long-term debt and lease obligation5,5176,8336,7571,2491,2491,2481,310
Long-term debt, excluding current maturities1,4842,2161,2491,2491,2491,2481,310
Operating lease, liability4,0334,6175,508
Liabilities, other than long-term debt, including:504383971,0731,1351,0051,083
Deferred revenue and credits749748776
Deferred rent credit344750736
Asset retirement obligations48515652525170
Liability for uncertainty in income taxes1981871521181523249
Other liabilities165153139167182174188
Other undisclosed liabilities, other than long-term debt(395)      
Other undisclosed noncurrent liabilities395      
Total noncurrent liabilities:5,9627,2717,1542,3222,3842,2532,393
Total liabilities:10,03911,15510,3634,4964,8454,7064,928
Stockholders' equity
Stockholders' equity attributable to parent2,7222,6143,3163,5533,1442,9042,545
Common stock19191919192020
Additional paid in capital4385  881 
Accumulated other comprehensive income3894053365485
Retained earnings2,6222,5013,2573,4813,0812,7492,440
Total stockholders' equity:2,7222,6143,3163,5533,1442,9042,545
TOTAL LIABILITIES AND EQUITY:12,76113,76913,6798,0497,9897,6107,473

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

1/31/2022
1/31/2021
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
Revenues16,67013,80016,38316,58015,85515,51615,797
Revenue, net15,85515,51615,797
Cost of revenue
(Cost of Goods and Services Sold)
(10,033)(9,095)(10,250)    
Other undisclosed gross profit   (10,258)(9,789)(9,876)(10,077)
Gross profit:6,6374,7056,1336,3226,0665,6405,720
Operating expenses(5,827)(5,567)(5,559)(4,960)(4,587)(4,449)(4,196)
Operating income (loss):810(862)5741,3621,4791,1911,524
Nonoperating income
(Investment Income, Nonoperating)
51030331986
Interest and debt expense(492)(250)(76)(73)(74)(75)(59)
Income (loss) from continuing operations before income taxes:323(1,102)5281,3221,4241,1241,471
Income tax expense (benefit)(67)437(177)(319)(576)(448)(551)
Net income (loss) available to common stockholders, diluted:256(665)3511,003848676920

Comprehensive Income ($ in millions)

1/31/2022
1/31/2021
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
Net income (loss):256(665)3511,003848676920
Other comprehensive income (loss)29(31)(13)17(18)(31)(80)
Comprehensive income (loss), net of tax, attributable to parent:285(696)3381,020830645840

Statements sources

The financial statements are based on the company's filings with the 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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