Macy's Inc (M) financial statements (2021 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)

1/31/2021
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 investments1,6796851,1621,4551,2971,1092,246
Cash and cash equivalents1,6796851,1621,4551,2971,1092,246
Receivables276409400363522558424
Inventory, net of allowances, customer advances and progress billings3,7745,1885,2635,178   
Inventory3,7745,1885,2635,178   
Prepaid expense455528620448408479493
Other undisclosed current assets    5,3995,5065,516
Total current assets:6,1846,8107,4457,4447,6267,6528,679
Noncurrent Assets
Finance lease, right-of-use asset1213
Operating lease, right-of-use asset2,8662,655
Property, plant and equipment5,9406,6336,6376,6727,0177,6167,800
Intangible assets, net (including goodwill)1,2654,3474,3864,3854,3954,4114,239
Goodwill8283,9083,9083,8973,8973,8973,743
Intangible assets, net (excluding goodwill)437439478488498514496
Other noncurrent assets1,439714726880813897743
Total noncurrent assets:11,52214,36211,74911,93712,22512,92412,782
TOTAL ASSETS:17,70621,17219,19419,38119,85120,57621,461
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:4,9053,4483,3663,1673,5633,3333,109
Accounts payable1,9781,6821,655   1,693
Accrued liabilities2,9276414081,4261,4251,4751,346
Employee-related liabilities 194268229215153193
Taxes payable 226302157166184483
Interest and dividends payable 415170748893
Other undisclosed accounts payable and accrued liabilities 6646821,2851,6831,433(699)
Debt452539432230964276
Liability for uncertainty in income taxes    61211
Postemployment benefits liability      190
Deferred tax liabilities    362
Other liabilities      93
Other undisclosed current liabilities 1,7631,8231,8861,7691,7411,695
Total current liabilities:5,3575,7505,2325,0755,6475,7285,536
Noncurrent Liabilities
Long-term debt and lease obligation, including:4,4073,6214,7085,8616,5626,9957,265
Finance lease, liability1921
Capital lease obligations2526272929
Operating lease, liability3,1662,897
Other undisclosed long-term debt and lease obligation1,2227034,6835,8356,5356,9667,236
Liabilities, other than long-term debt2,2041,3372,8182,7843,3203,6003,282
Deferred tax liabilities, net1,2381,1221,4431,4771,081
Deferred income tax liabilities908 
Other liabilities1,2961,3371,5801,6621,8772,1232,201
Other undisclosed noncurrent liabilities3,1854,087     
Total noncurrent liabilities:9,7969,0457,5268,6459,88210,59510,547
Total liabilities:15,15314,79512,75813,72015,52916,32316,083
Stockholders' equity
Stockholders' equity attributable to parent2,5536,3776,4365,6734,3234,2505,378
Common stock3333334
Treasury stock, value(1,161)(1,241)(1,318)(1,456)(1,489)(1,665)(1,942)
Additional paid in capital5716216526766176211,048
Accumulated other comprehensive loss(788)(995)(951)(724)(896)(1,043)(1,072)
Retained earnings3,9287,9898,0507,1746,0886,3347,340
Stockholders' equity attributable to noncontrolling interest   (12)(1)3 
Total stockholders' equity:2,5536,3776,4365,6614,3224,2535,378
TOTAL LIABILITIES AND EQUITY:17,70621,17219,19419,38119,85120,57621,461

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
Revenues17,34624,56024,97124,83725,77827,07928,105
Revenue, net24,83725,77827,07928,105
Cost of revenue(12,286)(15,171)(15,215)(15,152)(15,621)(16,496)(17,271)
Cost of goods and services sold(12,286)(15,171)(15,215)(15,152)(15,621)(16,496)(16,863)
Other undisclosed gross profit      408
Gross profit:5,0609,3899,7569,68510,15710,58311,242
Operating expenses(10,286)(9,190)(8,786)(8,409)(8,796)(8,256)(8,472)
Other undisclosed operating income (loss)751771768531(46)(288)30
Operating income (loss):(4,475)9701,7381,8071,3152,0392,800
Nonoperating income58516411422
Investment income, nonoperating4202511422
Net periodic defined benefits expense (reversal of expense), excluding service cost component543139
Interest and debt expense(284)(235)(294)(311)(367)(363)(412)
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:(4,701)7281,4201,5079521,6782,390
Other undisclosed loss from continuing operations before income taxes(89)      
Income (loss) from continuing operations before income taxes:(4,790)7281,4201,5079521,6782,390
Income tax expense (benefit)846(164)(322)29(341)(608)(864)
Net income (loss):(3,944)5641,0981,5366111,0701,526
Net income attributable to noncontrolling interest  101182 
Net income (loss) available to common stockholders, diluted:(3,944)5641,1081,5476191,0721,526

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):(3,944)5641,0981,5366111,0701,526
Other comprehensive income (loss)204(40)(63)17214729(407)
Comprehensive income (loss):(3,740)5241,0351,7087581,0991,119
Comprehensive income, net of tax, attributable to noncontrolling interest  101182 
Comprehensive income (loss), net of tax, attributable to parent:(3,740)5241,0451,7197661,1011,119

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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