← Macy's, Inc.

Annual Trend FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 TTM
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Attributable to Parent
$619.0m -42.26%
$1.6b +152.99%
$1.1b -29.25%
$564.0m -49.10%
($3.9b) -799.29%
$1.4b +136.26%
$1.2b -17.69%
$45.0m -96.18%
$582.0m +1193.33%
$642.0m +10.31%
—
Net Income (Loss) Attributable to Noncontrolling Interest ($8.0m) ($11.0m) ($10.0m) $0 — — — — — — —
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $611.0m $1.6b $1.1b $564.0m ($3.9b) $1.4b $1.2b $45.0m $582.0m — —
Amortization of Debt Issuance Costs $5.0m $7.0m $7.0m $6.0m $23.0m $26.0m $13.0m $12.0m $12.0m — —
Amortization of Debt Issuance Costs and Discounts ($14.0m) ($45.0m) ($15.0m) $4.0m $18.0m $70.0m $11.0m $10.0m $11.0m — —
Amortization of Intangible Assets $10.0m $10.0m $10.0m $3.0m $2.0m $2.0m $2.0m $2.0m — $5.0m —
Amortization of financing costs and premium on acquired debt ($14.0m) ($45.0m) ($15.0m) $4.0m $18.0m $70.0m $11.0m $10.0m $11.0m $8.0m —
Capitalized Computer Software, Amortization $293.0m $301.0m $296.0m $285.0m $268.0m $238.0m $235.0m $269.0m $310.0m $351.0m —
Depreciation, Depletion and Amortization $1.1b $991.0m $962.0m $981.0m $959.0m $874.0m $857.0m $897.0m $881.0m $894.0m $885.0m
Deferred Income Tax Expense (Benefit) ($129.0m) ($422.0m) $112.0m ($6.0m) ($327.0m) $19.0m ($38.0m) ($244.0m) ($52.0m) $62.0m $86.0m
Share-based Payment Arrangement, Noncash Expense $61.0m $58.0m $63.0m $38.0m $31.0m $55.0m $54.0m $47.0m $58.0m — $60.0m
Stock-based compensation expense $61.0m $58.0m $63.0m $38.0m $31.0m $55.0m $54.0m $47.0m $58.0m $59.0m $60.0m
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) $7.0m — — — — — — — — — —
Impairment, restructuring and other costs $479.0m $186.0m $136.0m $354.0m $3.6b $30.0m $41.0m $1.0b $171.0m $230.0m —
Restructuring Costs and Asset Impairment Charges $479.0m $186.0m $136.0m $354.0m $3.6b $30.0m $41.0m $1.0b $171.0m — —
Income (Loss) from Equity Method Investments $0 $0 $0 — — — — — — — —
Changes in operating assets and liabilities:
(Increase) decrease in receivables ($1.0m) $120.0m ($61.0m) ($9.0m) $132.0m ($21.0m) ($3.0m) $7.0m $2.0m ($325.0m) ($71.0m)
Decrease (increase) in merchandise inventories $107.0m $221.0m ($87.0m) $75.0m $1.4b ($610.0m) $116.0m ($99.0m) ($51.0m) $51.0m —
Decrease in accounts payable and accrued liabilities ($162.0m) ($179.0m) $44.0m ($257.0m) ($759.0m) $245.0m ($174.0m) ($347.0m) ($49.0m) ($83.0m) —
Decrease in merchandise accounts payable — — $55.0m $40.0m $237.0m $218.0m ($129.0m) ($113.0m) ($11.0m) ($74.0m) —
Increase (Decrease) in Accounts Payable ($132.0m) $162.0m $55.0m — — — — — ($11.0m) — $182.0m
Accrued capital expenditures $596.0m $487.0m $657.0m $902.0m $338.0m $354.0m $888.0m $631.0m $518.0m — —
(Increase) decrease in prepaid expenses and other current assets ($8.0m) ($14.0m) $21.0m $89.0m $51.0m ($39.0m) ($66.0m) $18.0m $11.0m ($13.0m) —
Change in other assets and liabilities ($108.0m) ($127.0m) ($156.0m) ($132.0m) ($188.0m) ($186.0m) ($123.0m) ($104.0m) ($110.0m) ($119.0m) —
Increase (Decrease) in Other Operating Assets ($8.0m) — — — — — — — — — —
Increase (Decrease) in Other Operating Liabilities — — — — — — — — — — —
Net Cash Provided by (Used in) Operating Activities
$1.8b -9.22%
$2.0b +9.72%
$1.7b -12.20%
$1.6b -7.32%
$649.0m -59.64%
$2.7b +317.87%
$1.6b -40.45%
$1.3b -19.20%
$1.3b -2.07%
$1.4b +11.89%
$1.8b +24.90%
Cash flows from investing activities:
Gain (Loss) on Disposition of Property Plant Equipment $209.0m $544.0m $389.0m $162.0m $60.0m $91.0m $89.0m $61.0m $144.0m — $23.0m
Payments to Acquire Property, Plant, and Equipment $596.0m $487.0m $657.0m $902.0m $338.0m $354.0m $888.0m $631.0m $518.0m ($373.0m) ($740.0m)
Payments to Acquire Businesses, Net of Cash Acquired $0 — — — — — — — — — —
Payments for (Proceeds from) Other Investing Activities ($52.0m) $2.0m ($2.0m) $30.0m ($28.0m) ($63.0m) $11.0m $6.0m ($7.0m) — —
Net cash used by investing activities ($187.0m) ($373.0m) ($456.0m) ($1.0b) ($325.0m) ($370.0m) ($1.2b) ($913.0m) ($592.0m) ($639.0m) —
Net Cash Provided by (Used in) Investing Activities ($187.0m) ($351.0m) ($456.0m) ($1.0b) ($325.0m) ($370.0m) ($1.2b) ($913.0m) ($592.0m) — ($655.0m)
Cash flows from financing activities:
Debt issuance costs ($3.0m) ($1.0m) $0 ($3.0m) ($95.0m) ($9.0m) ($21.0m) ($1.0m) ($1.0m) ($13.0m) —
Debt issued — — $0 $0 $2.8b $1.1b $2.8b $961.0m $301.0m $500.0m —
Debt repaid ($751.0m) ($954.0m) ($1.1b) ($597.0m) ($2.0b) ($2.7b) ($3.1b) ($963.0m) ($524.0m) ($846.0m) —
Debt repurchase premium and expenses — — — ($28.0m) ($7.0m) ($152.0m) ($29.0m) $0 $1.0m ($27.0m) —
Gain (Loss) on Extinguishment of Debt $0 $10.0m ($33.0m) ($30.0m) $0 ($199.0m) ($31.0m) $0 ($1.0m) — —
Payments for Repurchase of Common Stock $316.0m $1.0m $0 $1.0m $1.0m $500.0m $601.0m $38.0m $1.0m — —
Payments of Ordinary Dividends, Common Stock $459.0m $461.0m $463.0m $466.0m $117.0m $90.0m $173.0m $181.0m $192.0m — ($196.0m)
Dividends paid ($459) ($461) ($463) ($466) ($117) ($90) ($173) ($181) ($192) ($197) ($196.0m)
Payments of Dividends $459.0m $461.0m $463.0m $466.0m $117.0m $90.0m $173.0m $181.0m $192.0m — ($196.0m)
Proceeds from (Payments for) Other Financing Activities $58.0m ($15.0m) $16.0m — — — — — — — —
Net cash used by financing activities ($1.4b)
($1.4b) +0.91%
($1.5b) -9.27%
($1.1b) +27.27%
$699.0m +162.24%
($2.4b) -440.63%
($1.3b) +45.57%
($220.0m) +83.02%
($413.0m) -87.73%
($852.0m) -106.30%
—
Net Cash Provided by (Used in) Financing Activities
($1.4b) +29.72%
($1.4b) -1.40%
($1.5b) -6.78%
($1.1b) +27.27%
$699.0m +162.24%
($2.4b) -440.63%
($1.3b) +45.57%
($220.0m) +83.02%
($413.0m) -87.73%
— ($769.0m)
Net (decrease) increase in cash, cash equivalents and restricted cash $132.0m $179.0m ($265.0m) ($517.0m) $1.0b ($39.0m) ($850.0m) $172.0m $273.0m ($61.0m) —
Cash, cash equivalents and restricted cash beginning of period $1.3b $1.5b $1.2b $731.0m $1.8b $1.7b $865.0m $1.0b $1.3b $1.2b —
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $132.0m $1.5b $1.2b $731.0m $1.8b $1.7b $865.0m $1.0b $1.3b — $1.3b
Additional Supplementary Disclosures
Additional Supplementary Disclosures
Acquisition of treasury stock ($316.0m) ($1.0m) $0 ($1.0m) ($1.0m) ($500.0m) ($601.0m) ($38.0m) ($1.0m) ($250.0m) —
Additional Financial Items
Benefit plans — $35.0m $30.0m $31.0m $47.0m $34.0m $17.0m $4.0m $2.0m $2.0m —
Capitalized software ($316.0m) ($273.0m) ($275.0m) ($255.0m) ($128.0m) ($243.0m) ($407.0m) ($362.0m) ($364.0m) ($367.0m) —
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement ($98.0m) ($105.0m) ($88.0m) $58.0m ($84.0m) ($96.0m) ($39.0m) ($134.0m) ($46.0m) ($67.0m) —
Financing Interest Expense $377.0m $332.0m $271.0m $214.0m $293.0m $270.0m $197.0m $198.0m $188.0m $167.0m —
Gain (Loss) Related to Litigation Settlement — — — — — — — — $0 $328.0m —
Gain (Loss) on Disposition of Real Estate, Discontinued Operations — — — — — — — — — — —
Gains on sale of real estate ($209.0m) ($544.0m) ($389.0m) ($162.0m) ($60.0m) ($91.0m) ($89.0m) ($61.0m) ($144.0m) ($48.0m) —
Goodwill $3.9b $3.9b $3.9b $3.9b $828.0m $828.0m $828.0m $828.0m $828.0m $828.0m $206.0m
Income Tax Expense (Benefit) $341.0m ($39.0m) $322.0m $164.0m ($846.0m) $436.0m $341.0m ($2.0m) $181.0m $207.0m —
Income Taxes Paid, Net $352.0m $496.0m $345.0m $229.0m $98.0m ($171.0m) $455.0m $240.0m $304.0m — —
Increase (decrease) in current income taxes $125.0m ($114.0m) ($136.0m) ($60.0m) ($617.0m) $588.0m ($75.0m) $24.0m ($69.0m) $77.0m —
Increase (decrease) in outstanding checks $61.0m ($15.0m) $16.0m ($62.0m) $181.0m ($23.0m) ($181.0m) $2.0m $3.0m ($19.0m) —
Interest Paid, Excluding Capitalized Interest, Operating Activities $396.0m $361.0m $328.0m $242.0m $257.0m $442.0m $188.0m $157.0m $155.0m $167.0m —
Interest received $4.0m $12.0m $25.0m $20.0m $5.0m $1.0m $9.0m $38.0m $40.0m $42.0m —
Investment Income, Interest $4.0m $11.0m $25.0m $20.0m $4.0m $1.0m — — — — —
Operating Lease, Expense — — — $418.0m $421.0m $407.0m — — — — —
Other, net $52.0m ($24.0m) $2.0m ($30.0m) $28.0m $63.0m ($11.0m) ($6.0m) $7.0m ($6.0m) —
Pension Expense (Reversal of Expense), Noncash — — — $31.0m $47.0m $34.0m $17.0m $4.0m $2.0m — —
Pension settlement charges — — $88.0m $58.0m $84.0m $96.0m $39.0m $134.0m $46.0m $67.0m —
Proceeds from Noncontrolling Interests $6.0m $13.0m $7.0m $0 — — — — — — —
Proceeds from Stock Options Exercised $35.0m $6.0m $45.0m $6.0m $0 — — — — — —
Proceeds from disposition of assets, net $673.0m $411.0m $474.0m $185.0m $113.0m $164.0m $137.0m $86.0m $283.0m $107.0m —
Restricted cash, end of period — $58.0m $86.0m $46.0m $75.0m $3.0m $3.0m $3.0m $4.0m $3.0m —
Stock or Unit Option Plan Expense $43.0m $34.0m $24.0m $15.0m $8.0m $4.0m $3.0m $1.0m $0 — —
Supplemental disclosure of cash flow information:

Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.