← TAPESTRY, INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $460.5m |
$591.0m
+28.34%
|
$397.5m
-32.74%
|
$643.4m
+61.86%
|
($652.1m)
-201.35%
|
$834.2m
+227.93%
|
$856.3m
+2.65%
|
$936.0m
+9.31%
|
$816.0m
-12.82%
|
$183.2m
-77.55%
|
— | |
| Depreciation, Depletion and Amortization | $219.1m | $218.9m | $271.3m | $270.4m | $829.2m | $220.5m | $195.3m | $182.2m | $174.0m | $162.9m | $220.1m | |
| Amortization of Intangible Assets | — | — | — | — | — | — | — | $6.5m | $6.5m | $5.2m | — | |
| Capitalized Computer Software, Amortization | — | — | — | — | — | — | — | — | $55.0m | $62.0m | — | |
| Deferred Income Tax Expense (Benefit) | ($52.3m) | $78.0m | ($50.9m) | $34.5m | ($115.7m) | $52.6m | $29.9m | $41.2m | $2.5m | ($139.8m) | ($72.3m) | |
| Share-based Payment Arrangement, Noncash Expense | $86.8m | $73.6m | $81.3m | $84.8m | $53.1m | $64.1m | $72.2m | $78.8m | $85.9m | $87.3m | $101.2m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $15.5m | $21.5m | $31.5m | $27.0m | $14.9m | $7.5m | $30.6m | $55.6m | $32.7m | $36.5m | — | |
| Share-based Payment Arrangement, Expense | $95.3m | $76.1m | $88.1m | $88.0m | $66.9m | $74.9m | $89.4m | $78.8m | $85.9m | $91.4m | $101.2m | |
| Goodwill and Intangible Asset Impairment | — | — | — | — | $477.7m | $0 | $0 | $0 | $0 | $854.8m | — | |
| Goodwill, Impairment Loss | $0 | $0 | $0 | $0 | $210.7m | $0 | $0 | $0 | $0 | $244.1m | $854.8m | |
| Operating Lease, Impairment Loss | — | — | — | — | $170.9m | $48.3m | $900k | $1.3m | $0 | $3.0m | — | |
| Other Nonoperating Income (Expense) | — | — | — | — | — | $700k | ($16.4m) | ($1.7m) | ($3.2m) | $6.6m | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | $28.3m | $29.4m | $5.6m | ($25.7m) | ($61.9m) | $9.6m | $96.0m | ($44.1m) | $37.3m | ($8.8m) | ($29.2m) | |
| Increase (Decrease) in Inventories | ($40.7m) | $20.0m | ($30.4m) | $104.7m | $58.6m | ($32.2m) | $311.7m | ($49.9m) | ($85.8m) | $108.2m | $40.8m | |
| Increase (Decrease) in Accounts Payable | ($48.4m) | $8.4m | ($77.3m) | ($39.8m) | ($91.7m) | $307.3m | $86.4m | ($98.1m) | $49.1m | ($15.0m) | $83.1m | |
| Net Cash Provided by (Used in) Operating Activities | $758.6m |
$853.8m
+12.55%
|
$996.7m
+16.74%
|
$791.7m
-20.57%
|
$407.0m
-48.59%
|
$1.3b
+225.23%
|
$853.2m
-35.54%
|
$975.2m
+14.30%
|
$1.3b
+28.75%
|
$1.2b
-3.11%
|
$1.9b
+56.43%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $396.4m | $283.1m | $267.4m | $274.2m | $205.4m | $116.0m | $93.9m | $184.2m | $108.9m | $122.7m | ($148.1m) | |
| Gain (Loss) on Disposition of Property Plant Equipment | $48.0m | $39.7m | $30.1m | $48.3m | $21.1m | $13.2m | $0 | $0 | $15.1m | $25.7m | $120.1m | |
| Cash, Cash Equivalents, and Short-term Investments | — | — | — | $264.6m | $8.1m | — | — | — | — | — | — | |
| Debt Securities, Available-for-sale, Realized Gain (Loss) | — | — | — | — | — | — | — | $0 | $0 | $2.6m | — | |
| Payments to Acquire Investments | $664.7m | $523.5m | $3.8m | $415.5m | $212.4m | $700k | $540.4m | $6.7m | $2.7b | $1.9b | ($9.6m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | $25.6m | $0 | $2.4b | $43.5m | $0 | $0 | — | — | — | — | — | |
| Net Cash Provided by (Used in) Investing Activities | ($810.0m) | $593.0m | ($2.2b) | ($574.2m) | $44.3m | ($91.0m) | ($253.6m) | $5.7m | ($1.0b) | $914.0m | ($44.6m) | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | $15.0m | $285.0m | $1.1b | $0 | $0 | $11.5m | $900.0m | $31.2m | $468.8m | $7.2b | ($319.4m) | |
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | $0 | $0 | ($53.7m) | $0 | $0 | ($120.1m) | — | |
| Proceeds from Issuance of Long-term Debt | $0 | $997.2m | $1.1b | $0 | $0 | $0 | $998.5m | $0 | — | $2.2b | $0 | |
| Payments for Repurchase of Common Stock | $0 | $0 | $0 | $100.0m | $300.0m | $0 | $1.6b | $703.5m | $0 | $1.7b | — | |
| Dividends paid | $374.5m | $378.0m | $384.1m | $390.7m | $380.3m | $0 | $264.4m | $283.3m | $321.4m | $299.3m | ($318.4m) | |
| Dividends Payable, Current | $93.9m | $95.1m | $97.2m | $96.8m | $0 | — | — | — | — | — | — | |
| Proceeds from (Payments for) Other Financing Activities | — | — | — | — | — | — | ($1.0m) | ($1.1m) | ($1.2m) | ($1.2m) | — | |
| Net Cash Provided by (Used in) Financing Activities | ($384.9m) |
$369.5m
+196.00%
|
($249.9m)
-167.63%
|
($484.9m)
-94.04%
|
$5.9m
+101.22%
|
($666.0m)
-11388.14%
|
($1.8b)
-166.98%
|
($1.0b)
+41.74%
|
$5.2b
+603.37%
|
($7.2b)
-237.60%
|
($1.9b)
+74.19%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $3.5m | ($2.4m) | ($11.5m) | ($274.2m) | $457.1m | $581.4m | ($1.2b) | ($63.7m) | $5.4b | ($5.0b) | $1.0b | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $969.2m | $1.4b | $2.0b | $789.8m | $726.1m | $6.1b | $1.1b | $1.0b | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $3.5m | ($2.4m) | ($11.5m) | ($6.8m) | ($100k) | $14.7m | ($39.4m) | ($8.7m) | ($12.2m) | $26.3m | ($3.2m) | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $33.7m | $35.4m | $63.0m | $45.4m | $68.1m | $69.7m | $67.8m | $82.6m | $262.8m | $394.9m | — | |
| Additional Financial Items | ||||||||||||
| Goodwill | $502.4m | $480.5m | $1.5b | $1.5b | $1.3b | $1.3b | $1.2b | $1.2b | $1.2b | $983.3m | $854.8m | |
| Income Tax Expense (Benefit) | $166.1m | $168.0m | $199.3m | $122.8m | $27.9m | $63.1m | $190.7m | $207.1m | $195.9m | $32.9m | — | |
| Restructuring Costs | $17.7m | $8.5m | $134.9m | $32.5m | $14.0m | $0 | $0 | — | — | — | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.