Gap, Inc. (The) (GPS) financial statements (2020 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)

1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
1/31/2015
1/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,6541,3691,7831,7831,3701,5151,510
Cash and cash equivalents1,3641,0811,7831,7831,3701,5151,510
Short-term investments290288     
Receivables316359282335282275462
Prepaid expense 372492326375362290
Derivative instruments and hedges, assets 2014418513458
Deferred tax assets    142179
Other current assets706751788702742913992
Other undisclosed current assets1,8401,3801,2091,1281,131976939
Total current assets:4,5164,2514,5684,3153,9854,3174,430
Noncurrent Assets
Operating lease, right-of-use asset5,402
Property, plant and equipment3,1222,9122,8052,6162,8502,7732,758
Intangible assets, net (including goodwill)     279181
Goodwill     180180
Intangible assets, net (excluding goodwill)     991
Derivative instruments and hedges      6
Restricted cash and investments      14
Deferred costs     40 
Other noncurrent assets639886616679638600661
Deferred tax assets, net    119177
Other undisclosed noncurrent assets     (438)(378)
Total noncurrent assets:9,1633,7983,4213,2953,4883,3733,419
TOTAL ASSETS:13,6798,0497,9897,6107,4737,6907,849
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,2892,1742,4612,3882,1142,2132,420
Accounts payable1,1741,1261,1811,2431,1121,1731,242
Accrued liabilities1,0671,0241,2701,1139791,0201,142
Taxes payable48241032232036
Debt920  654212125
Derivative instruments and hedges, liabilities      14
Asset retirement obligation      8
Deferred revenue and credits   10293
Other undisclosed current liabilities     (102)(115)
Total current liabilities:3,2092,1742,4612,4532,5352,2342,445
Noncurrent Liabilities
Long-term debt and lease obligation6,7571,2491,2491,2481,3101,3321,369
Long-term debt, excluding current maturities1,2491,2491,2491,2481,3101,3321,369
Operating lease, liability5,508
Liabilities, other than long-term debt3971,0731,1351,0051,0831,141972
Deferred revenue and credits749748776773766
Deferred compensation liability, classified      37
Deferred rent credit50736
Asset retirement obligations56525251706359
Liability for uncertainty in income taxes15211815232499383
Other liabilities13916718217418821226
Derivative instruments and hedges, liabilities      1
Other undisclosed noncurrent liabilities      1
Total noncurrent liabilities:7,1542,3222,3842,2532,3932,4732,342
Total liabilities:10,3634,4964,8454,7064,9284,7074,787
Stockholders' equity
Stockholders' equity attributable to parent3,3163,5533,1442,9042,5452,9833,062
Common stock19191920202155
Treasury stock, value      (14,245)
Additional paid in capital  881  2,899
Accumulated other comprehensive income4053365485165135
Retained earnings3,2573,4813,0812,7492,4402,79714,218
Total stockholders' equity:3,3163,5533,1442,9042,5452,9833,062
TOTAL LIABILITIES AND EQUITY:13,6798,0497,9897,6107,4737,6907,849

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

1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
1/31/2015
1/31/2014
Revenues16,38316,58015,85515,51615,79716,43516,148
Revenue, net15,85515,51615,79716,43516,148
Cost of revenue
(Cost of Goods and Services Sold)
(10,250)      
Other undisclosed gross profit (10,258)(9,789)(9,876)(10,077)(10,146)(9,855)
Gross profit:6,1336,3226,0665,6405,7206,2896,293
Operating expenses(5,559)(4,960)(4,587)(4,449)(4,196)(4,206)(4,144)
Operating income:5741,3621,4791,1911,5242,0832,149
Nonoperating income (expense)30331986(29)5
Investment income, nonoperating3033198655
Foreign currency transaction loss, before tax     (34) 
Interest and debt expense(76)(73)(74)(75)(59)(75)(61)
Other undisclosed income from continuing operations before equity method investments, income taxes     34 
Income from continuing operations before income taxes:5281,3221,4241,1241,4712,0132,093
Income tax expense(177)(319)(576)(448)(551)(751)(813)
Net income available to common stockholders, diluted:3511,0038486769201,2621,280

Comprehensive Income ($ in millions)

1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
1/31/2015
1/31/2014
Net income:3511,0038486769201,2621,280
Other comprehensive income (loss)(13)17(18)(31)(80)30(46)
Comprehensive income, net of tax, attributable to parent:3381,0208306458401,2921,234

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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