Gap, Inc. (The) (GPS) financial statements (2021 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)

1/31/2021
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
1/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,3981,6541,3691,7831,7831,3701,515
Cash and cash equivalents1,9881,3641,0811,7831,7831,3701,515
Short-term investments410290288    
Restricted cash and investments4      
Receivables363316359282335282275
Prepaid expense513 372492326375362
Derivative instruments and hedges, assets5 20144185134
Deferred tax assets    142
Other current assets1,159706751788702742913
Other undisclosed current assets1,5661,8401,3801,2091,1281,131976
Total current assets:6,0084,5164,2514,5684,3153,9854,317
Noncurrent Assets
Operating lease, right-of-use asset4,2175,402
Property, plant and equipment2,8413,1222,9122,8052,6162,8502,773
Intangible assets, net (including goodwill)      279
Goodwill      180
Intangible assets, net (excluding goodwill)      99
Deferred costs      40
Other noncurrent assets703639886616679638600
Deferred tax assets, net    119
Other undisclosed noncurrent assets      (438)
Total noncurrent assets:7,7619,1633,7983,4213,2953,4883,373
TOTAL ASSETS:13,76913,6798,0497,9897,6107,4737,690
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,0532,2892,1742,4612,3882,1142,213
Accounts payable1,7431,1741,1261,1811,2431,1121,173
Accrued liabilities1,2761,0671,0241,2701,1139791,020
Taxes payable34482410322320
Debt 920  6542121
Derivative instruments and hedges, liabilities21      
Disposal group, including discontinued operation58      
Customer refund liability96      
Deferred revenue and credits   102
Other undisclosed current liabilities656     (102)
Total current liabilities:3,8843,2092,1742,4612,4532,5352,234
Noncurrent Liabilities
Long-term debt and lease obligation6,8336,7571,2491,2491,2481,3101,332
Long-term debt, excluding current maturities2,2161,2491,2491,2491,2481,3101,332
Operating lease, liability4,6175,508
Liabilities, other than long-term debt4383971,0731,1351,0051,0831,141
Deferred revenue and credits749748776773
Deferred rent credit4750736
Asset retirement obligations51565252517063
Liability for uncertainty in income taxes187152118152324993
Other liabilities153139167182174188212
Total noncurrent liabilities:7,2717,1542,3222,3842,2532,3932,473
Total liabilities:11,15510,3634,4964,8454,7064,9284,707
Stockholders' equity
Stockholders' equity attributable to parent2,6143,3163,5533,1442,9042,5452,983
Common stock19191919202021
Additional paid in capital85  881  
Accumulated other comprehensive income94053365485165
Retained earnings2,5013,2573,4813,0812,7492,4402,797
Total stockholders' equity:2,6143,3163,5533,1442,9042,5452,983
TOTAL LIABILITIES AND EQUITY:13,76913,6798,0497,9897,6107,4737,690

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

1/31/2021
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
1/31/2015
Revenues13,80016,38316,58015,85515,51615,79716,435
Revenue, net15,85515,51615,79716,435
Cost of revenue
(Cost of Goods and Services Sold)
(9,095)(10,250)     
Other undisclosed gross profit  (10,258)(9,789)(9,876)(10,077)(10,146)
Gross profit:4,7056,1336,3226,0665,6405,7206,289
Operating expenses(5,567)(5,559)(4,960)(4,587)(4,449)(4,196)(4,206)
Operating income (loss):(862)5741,3621,4791,1911,5242,083
Nonoperating income (expense)1030331986(29)
Investment income, nonoperating10303319865
Foreign currency transaction loss, before tax      (34)
Interest and debt expense(250)(76)(73)(74)(75)(59)(75)
Other undisclosed income from continuing operations before equity method investments, income taxes      34
Income (loss) from continuing operations before income taxes:(1,102)5281,3221,4241,1241,4712,013
Income tax expense (benefit)437(177)(319)(576)(448)(551)(751)
Net income (loss) available to common stockholders, diluted:(665)3511,0038486769201,262

Comprehensive Income ($ in millions)

1/31/2021
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
1/31/2015
Net income (loss):(665)3511,0038486769201,262
Other comprehensive income (loss)(31)(13)17(18)(31)(80)30
Comprehensive income (loss), net of tax, attributable to parent:(696)3381,0208306458401,292

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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