Macy's Inc (M) financial statements (2022 and earlier)

Company profile

Business Address 151 WEST 34TH STREET
NEW YORK, NY 10001
State of Incorp. DE
Fiscal Year End January 31
SIC 5311 - Department 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 investments1,7121,6796851,1621,4551,2971,109
Cash and cash equivalents1,7121,6796851,1621,4551,2971,109
Receivables297276409400363522558
Inventory, net of allowances, customer advances and progress billings4,3833,7745,1885,2635,178  
Inventory4,3833,7745,1885,2635,178  
Prepaid expense366455528620448408479
Other undisclosed current assets     5,3995,506
Total current assets:6,7586,1846,8107,4457,4447,6267,652
Noncurrent Assets
Finance lease, right-of-use asset101213
Operating lease, right-of-use asset2,7982,8662,655
Property, plant and equipment5,6655,9406,6336,6376,6727,0177,616
Intangible assets, net (including goodwill)1,2631,2654,3474,3864,3854,3954,411
Goodwill8288283,9083,9083,8973,8973,897
Intangible assets, net (excluding goodwill)435437439478488498514
Other noncurrent assets1,0961,439714726880813897
Total noncurrent assets:10,83211,52214,36211,74911,93712,22512,924
TOTAL ASSETS:17,59017,70621,17219,19419,38119,85120,576
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:5,4164,9053,4483,3663,1673,5633,333
Accounts payable2,2221,9781,6821,655   
Accrued liabilities3,0862,9276414081,4261,4251,475
Employee-related liabilities  194268229215153
Taxes payable108 226302157166184
Interest and dividends payable  4151707488
Other undisclosed accounts payable and accrued liabilities  6646821,2851,6831,433
Debt 4525394322309642
Liability for uncertainty in income taxes     612
Other undisclosed current liabilities  1,7631,8231,8861,7691,741
Total current liabilities:5,4165,3575,7505,2325,0755,6475,728
Noncurrent Liabilities
Long-term debt and lease obligation, including:3,2954,4073,6214,7085,8616,5626,995
Finance lease, liability171921
Capital lease obligations25262729
Operating lease, liability3,0813,1662,897
Other undisclosed long-term debt and lease obligation1971,2227034,6835,8356,5356,966
Liabilities, other than long-term debt2,1602,2041,3372,8182,7843,3203,600
Deferred tax liabilities, net1,2381,1221,4431,477
Deferred income tax liabilities983908 
Other liabilities1,1771,2961,3371,5801,6621,8772,123
Other undisclosed noncurrent liabilities3,0983,1854,087    
Total noncurrent liabilities:8,5539,7969,0457,5268,6459,88210,595
Total liabilities:13,96915,15314,79512,75813,72015,52916,323
Stockholders' equity
Stockholders' equity attributable to parent3,6212,5536,3776,4365,6734,3234,250
Common stock3333333
Treasury stock, value(1,545)(1,161)(1,241)(1,318)(1,456)(1,489)(1,665)
Additional paid in capital517571621652676617621
Accumulated other comprehensive loss(622)(788)(995)(951)(724)(896)(1,043)
Retained earnings5,2683,9287,9898,0507,1746,0886,334
Stockholders' equity attributable to noncontrolling interest    (12)(1)3
Total stockholders' equity:3,6212,5536,3776,4365,6614,3224,253
TOTAL LIABILITIES AND EQUITY:17,59017,70621,17219,19419,38119,85120,576

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
Revenues24,46017,34624,56024,97124,83725,77827,079
Revenue, net24,83725,77827,079
Cost of revenue
(Cost of Goods and Services Sold)
(14,956)(12,286)(15,171)(15,215)(15,152)(15,621)(16,496)
Gross profit:9,5045,0609,3899,7569,68510,15710,583
Operating expenses(7,986)(10,286)(9,190)(8,786)(8,409)(8,796)(8,256)
Other undisclosed operating income (loss)832751771768531(46)(288)
Operating income (loss):2,350(4,475)9701,7381,8071,3152,039
Nonoperating income15851641142
Investment income, nonoperating1420251142
Net periodic defined benefits expense (reversal of expense), excluding service cost component 543139
Interest and debt expense(455)(284)(235)(294)(311)(367)(363)
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:1,896(4,701)7281,4201,5079521,678
Other undisclosed loss from continuing operations before income taxes(30)(89)     
Income (loss) from continuing operations before income taxes:1,866(4,790)7281,4201,5079521,678
Income tax expense (benefit)(436)846(164)(322)29(341)(608)
Net income (loss):1,430(3,944)5641,0981,5366111,070
Net income attributable to noncontrolling interest   101182
Net income (loss) available to common stockholders, diluted:1,430(3,944)5641,1081,5476191,072

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):1,430(3,944)5641,0981,5366111,070
Other comprehensive income (loss)166204(40)(63)17214729
Comprehensive income (loss):1,596(3,740)5241,0351,7087581,099
Comprehensive income, net of tax, attributable to noncontrolling interest   101182
Comprehensive income (loss), net of tax, attributable to parent:1,596(3,740)5241,0451,7197661,101

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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