Balance Sheet The Gap, Inc.

Equities

GAP

US3647601083

Apparel & Accessories Retailers

Market Closed - Nyse Other stock markets 21:00:02 20/09/2024 BST			5-day change	1st Jan Change
20.32 ^USD	-0.68%		-1.07%	-2.82%

09-13	Gap Insider Sold Shares Worth $1,507,700, According to a Recent SEC Filing	MT
08-30	Gap: annual profit targets raised	CF

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Published financial data: THE GAP, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: February	2020	2021	2022	2023	2024
Revenues	16.38B	13.8B	16.67B	15.62B	14.89B
Total Revenues	16.38B	13.8B	16.67B	15.62B	14.89B
Cost of Goods Sold, Total	8.38B	7.72B	8.66B	8.99B	7.84B
Gross Profit	8B	6.08B	8.01B	6.63B	7.04B
Selling General & Admin Expenses, Total	6.9B	6.52B	7.15B	6.68B	6.4B
R&D Expenses	41M	46M	41M	46M	37M
Other Operating Expenses, Total	6.94B	6.56B	7.19B	6.73B	6.43B
Operating Income	1.06B	-484M	819M	-99M	611M
Interest Expense, Total	-76M	-192M	-167M	-88M	-90M
Interest And Investment Income	30M	10M	5M	18M	86M
Net Interest Expenses	-46M	-182M	-162M	-70M	-4M
Currency Exchange Gains (Loss)	5M	8M	-	-2M	2M
Other Non Operating Income (Expenses)	-	15M	-	-	-
EBT, Excl. Unusual Items	1.02B	-643M	657M	-171M	609M
Restructuring Charges	-61M	-	-	-	-93M
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Assets	191M	-	-	83M	47M
Asset Writedown	-324M	-557M	-9M	-51M	-7M
Insurance Settlements	-	-	-	-	-
Other Unusual Items	-301M	98M	-325M	-	-
EBT, Incl. Unusual Items	528M	-1.1B	323M	-139M	556M
Income Tax Expense	177M	-437M	67M	63M	54M
Earnings From Continuing Operations	351M	-665M	256M	-202M	502M
Net Income to Company	351M	-665M	256M	-202M	502M
Net Income - (IS)	351M	-665M	256M	-202M	502M
Net Income to Common Incl Extra Items	351M	-665M	256M	-202M	502M
Net Income to Common Excl. Extra Items	351M	-665M	256M	-202M	502M
Per Share Items
Net EPS - Basic	0.93	-1.78	0.68	-0.55	1.36
Basic EPS - Continuing Operations	0.93	-1.78	0.68	-0.55	1.36
Basic Weighted Average Shares Outstanding	376M	374M	376M	367M	370M
Net EPS - Diluted	0.93	-1.78	0.67	-0.55	1.34
Diluted EPS - Continuing Operations	0.93	-1.78	0.67	-0.55	1.34
Diluted Weighted Average Shares Outstanding	378M	374M	383M	367M	376M
Normalized Basic EPS	1.7	-1.07	1.09	-0.29	1.03
Normalized Diluted EPS	1.69	-1.07	1.07	-0.29	1.01
Dividend Per Share	0.97	0.24	0.36	0.6	0.6
Payout Ratio	103.7	-	88.28	-108.91	44.22
Supplemental Items
EBITDA	1.62B	23M	1.32B	441M	1.13B
EBITA	1.06B	-484M	819M	-99M	611M
EBIT	1.06B	-484M	819M	-99M	611M
EBITDAR	3.47B	1.48B	2.7B	1.71B	2.4B
Effective Tax Rate - (Ratio)	33.52	39.66	20.74	-45.32	9.71
Current Domestic Taxes	214M	-358M	84M	-29M	75M
Current Foreign Taxes	44M	58M	44M	50M	43M
Total Current Taxes	258M	-300M	128M	21M	118M
Deferred Domestic Taxes	-78M	-150M	-73M	39M	-46M
Deferred Foreign Taxes	-3M	13M	12M	3M	-18M
Total Deferred Taxes	-81M	-137M	-61M	42M	-64M
Normalized Net Income	639M	-402M	411M	-107M	381M
Interest Capitalized	7M	9M	7M	7M	5M
Supplemental Operating Expense Items
Advertising Expense	687M	816M	1.12B	1.04B	882M
Selling and Marketing Expenses	687M	816M	1.12B	1.04B	882M
Research And Development Expense From Footnotes	41M	46M	41M	46M	37M
Net Rental Expense, Total	1.84B	1.46B	1.38B	1.27B	1.27B
Imputed Operating Lease Interest Expense	274M	305M	275M	157M	168M
Imputed Operating Lease Depreciation	1.57B	1.15B	1.1B	1.11B	1.1B
Stock-Based Comp., Other (Total)	68M	77M	139M	37M	80M
Total Stock-Based Compensation	68M	77M	139M	37M	80M

Fiscal Period: February	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	1.36B	1.99B	877M	1.22B	1.87B
Short Term Investments	290M	410M	-	-	-
Total Cash And Short Term Investments	1.65B	2.4B	877M	1.22B	1.87B
Accounts Receivable, Total	316M	363M	399M	340M	289M
Total Receivables	316M	363M	399M	340M	289M
Inventory	2.16B	2.45B	3.02B	2.39B	2B
Prepaid Expenses	148M	104M	110M	106M	31M
Deferred Tax Assets Current	-	-	-	-	-
Restricted Cash	-	-	-	32M	-
Other Current Assets, Total	242M	692M	761M	535M	207M
Total Current Assets	4.52B	6.01B	5.16B	4.62B	4.4B
Gross Property Plant And Equipment	14.36B	12.67B	11.78B	10.7B	10.56B
Accumulated Depreciation	-5.84B	-5.61B	-5.07B	-4.84B	-4.87B
Net Property Plant And Equipment	8.52B	7.06B	6.71B	5.86B	5.68B
Goodwill	109M	109M	207M	207M	207M
Other Intangibles, Total	121M	61M	90M	81M	72M
Deferred Tax Assets Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	409M	533M	587M	620M	689M
Total Assets	13.68B	13.77B	12.76B	11.39B	11.04B
Liabilities
Accounts Payable, Total	1.17B	1.74B	1.95B	1.32B	1.35B
Accrued Expenses, Total	348M	471M	560M	309M	455M
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	-	-	-	-	-
Current Portion of Leases	920M	831M	734M	667M	600M
Current Income Taxes Payable	48M	34M	25M	50M	39M
Unearned Revenue Current, Total	226M	231M	345M	354M	337M
Other Current Liabilities	493M	574M	462M	556M	316M
Total Current Liabilities	3.21B	3.88B	4.08B	3.26B	3.1B
Long-Term Debt	1.25B	2.22B	1.48B	1.84B	1.49B
Long-Term Leases	5.51B	4.62B	4.03B	3.52B	3.35B
Other Non Current Liabilities	397M	438M	445M	544M	512M
Total Liabilities	10.36B	11.16B	10.04B	9.15B	8.45B
Common Stock, Total	19M	19M	19M	18M	19M
Additional Paid In Capital	-	85M	43M	27M	113M
Retained Earnings	3.26B	2.5B	2.62B	2.14B	2.42B
Comprehensive Income and Other	40M	9M	38M	48M	43M
Total Common Equity	3.32B	2.61B	2.72B	2.23B	2.6B
Total Equity	3.32B	2.61B	2.72B	2.23B	2.6B
Total Liabilities And Equity	13.68B	13.77B	12.76B	11.39B	11.04B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	371M	375M	370M	366M	374M
ECS Total Common Shares Outstanding	371M	374M	371M	366M	372M
Book Value / Share	8.94	6.99	7.34	6.1	6.98
Tangible Book Value	3.09B	2.44B	2.42B	1.94B	2.32B
Tangible Book Value Per Share	8.32	6.53	6.54	5.31	6.23
Total Debt	7.68B	7.66B	6.25B	6.02B	5.44B
Net Debt	6.02B	5.27B	5.37B	4.8B	3.57B
Debt Equivalent Oper. Leases	14.76B	11.64B	11.01B	10.17B	10.13B
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Finished Goods, Total	2.16B	2.45B	3.02B	2.39B	2B
Land - (BS)	1.41B	1.45B	1.42B	1.1B	1.14B
Machinery, Total	2.8B	2.74B	2.79B	2.83B	2.8B
Full Time Employees	129K	117K	97K	95K	85K

Fiscal Period: February	2020	2021	2022	2023	2024
Net Income	351M	-665M	256M	-202M	502M
Depreciation & Amortization - CF	557M	507M	504M	540M	522M
Depreciation & Amortization, Total	557M	507M	504M	540M	522M
Amortization of Deferred Charges, Total - (CF)	-	12M	14M	6M	4M
(Gain) Loss From Sale Of Asset	-121M	-	59M	-48M	-47M
Asset Writedown & Restructuring Costs	337M	557M	9M	51M	7M
Stock-Based Compensation (CF)	68M	77M	139M	37M	80M
Tax Benefit from Stock Options	-	-	-	-	-
Other Operating Activities, Total	-91M	-79M	295M	26M	-36M
Change In Inventories	4M	-305M	-593M	554M	383M
Change In Accounts Payable	66M	564M	186M	-540M	42M
Change In Income Taxes	86M	-304M	-85M	417M	75M
Change in Other Net Operating Assets	154M	-127M	25M	-234M	0
Cash from Operations	1.41B	237M	809M	607M	1.53B
Capital Expenditure	-1.11B	-392M	-694M	-685M	-420M
Sale of Property, Plant, and Equipment	220M	-	-	458M	76M
Cash Acquisitions	-	-	-135M	-	-
Divestitures	-	-	-21M	-	9M
Investment in Marketable and Equity Securities, Total	0	-120M	409M	-	-
Other Investing Activities, Total	-	2M	-5M	-	1M
Cash from Investing	-894M	-510M	-446M	-227M	-334M
Short Term Debt Issued, Total	-	500M	-	-	-
Long-Term Debt Issued, Total	-	2.25B	1.5B	350M	-
Total Debt Issued	-	2.75B	1.5B	350M	-
Short Term Debt Repaid, Total	-	-500M	-	-	-
Long-Term Debt Repaid, Total	-	-1.31B	-2.55B	-	-350M
Total Debt Repaid	-	-1.81B	-2.55B	-	-350M
Issuance of Common Stock	25M	22M	54M	27M	27M
Repurchase of Common Stock	-221M	-9M	-237M	-143M	-20M
Common Dividends Paid	-364M	-	-226M	-220M	-222M
Common & Preferred Stock Dividends Paid	-364M	-	-226M	-220M	-222M
Other Financing Activities, Total	-	-61M	-16M	-8M	-2M
Cash from Financing	-560M	895M	-1.47B	6M	-567M
Foreign Exchange Rate Adjustments	4M	13M	-6M	-15M	-3M
Net Change in Cash	-39M	635M	-1.11B	371M	628M
Supplemental Items
Cash Interest Paid	76M	145M	180M	76M	74M
Cash Income Tax Paid (Refund)	176M	20M	215M	-388M	49M
Levered Free Cash Flow	264M	-202M	-17.5M	-86.88M	1.3B
Unlevered Free Cash Flow	311M	-94.5M	72.88M	-37.88M	1.35B
Change In Net Working Capital	-135M	-16M	388M	-132M	-787M
Net Debt Issued / Repaid	-	943M	-1.05B	350M	-350M

Fiscal Period: February	2020	2021	2022	2023	2024
Profitability
Return on Assets	6.12	-2.2	3.86	-0.51	3.4
Return on Total Capital	8.42	-2.84	5.32	-0.72	4.69
Return On Equity %	10.22	-22.43	9.6	-8.15	20.8
Return on Common Equity	10.22	-22.43	9.6	-8.15	20.8
Margin Analysis
Gross Profit Margin %	48.83	44.06	48.07	42.46	47.32
SG&A Margin	42.09	47.23	42.91	42.8	42.96
EBITDA Margin %	9.89	0.17	7.94	2.82	7.61
EBITA Margin %	6.49	-3.51	4.91	-0.63	4.1
EBIT Margin %	6.49	-3.51	4.91	-0.63	4.1
Income From Continuing Operations Margin %	2.14	-4.82	1.54	-1.29	3.37
Net Income Margin %	2.14	-4.82	1.54	-1.29	3.37
Net Avail. For Common Margin %	2.14	-4.82	1.54	-1.29	3.37
Normalized Net Income Margin	3.9	-2.91	2.46	-0.68	2.56
Levered Free Cash Flow Margin	1.61	-1.47	-0.1	-0.56	8.72
Unlevered Free Cash Flow Margin	1.9	-0.68	0.44	-0.24	9.07
Asset Turnover
Asset Turnover	1.51	1.01	1.26	1.29	1.33
Fixed Assets Turnover	2.87	1.77	2.42	2.48	2.58
Receivables Turnover (Average Receivables)	51.44	40.65	43.75	42.26	47.34
Inventory Turnover (Average Inventory)	3.91	3.35	3.17	3.32	3.58
Short Term Liquidity
Current Ratio	1.41	1.55	1.27	1.42	1.42
Quick Ratio	0.61	0.71	0.31	0.48	0.7
Operating Cash Flow to Current Liabilities	0.44	0.06	0.2	0.19	0.49
Days Sales Outstanding (Average Receivables)	7.08	8.95	8.32	8.61	7.84
Days Outstanding Inventory (Average Inventory)	93.07	108.61	114.98	109.51	103.68
Average Days Payable Outstanding	49.79	66.24	72.89	71.24	66.46
Cash Conversion Cycle (Average Days)	50.36	51.33	50.41	46.89	45.06
Long Term Solvency
Total Debt/Equity	231.51	293.19	229.65	269.59	209.67
Total Debt / Total Capital	69.84	74.57	69.66	72.94	67.71
LT Debt/Equity	203.77	261.4	202.68	239.72	186.55
Long-Term Debt / Total Capital	61.47	66.48	61.48	64.86	60.24
Total Liabilities / Total Assets