V F CORP
For the period ended Mar 28, 2026. Filed May 20, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2026 · Filed May 20, 2026
VFC$20.74-0.7%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
| Year Ended March | |||
|---|---|---|---|
| (In thousands) | 2026 | 2025 | 2024 |
| OPERATING ACTIVITIES | |||
| Net income (loss) | $254,920 | $(189,716) | $(968,882) |
| Income (loss) from discontinued operations, net of tax | — | (259,040) | 49,595 |
| Income (loss) from continuing operations, net of tax | 254,920 | 69,324 | (1,018,477) |
| Adjustments to reconcile net income (loss) to cash provided by operating activities: | |||
| Impairment of goodwill and intangible assets | 30,716 | 89,242 | 507,566 |
| Depreciation, amortization and other asset write-downs | 280,529 | 259,616 | 307,528 |
| Reduction in the carrying amount of right-of-use assets | 354,756 | 351,971 | 379,720 |
| Stock-based compensation | 76,954 | 73,247 | 57,829 |
| Provision for doubtful accounts | 9,480 | 15,377 | 11,170 |
| Pension expense in excess of (less than) contributions | 188,084 | (1,463) | (18,080) |
| Pension termination asset reversion, net | 125,373 | — | — |
| Deferred income taxes | (42,249) | (88,544) | (383,916) |
| Write-off of income tax receivables and interest | — | — | 921,409 |
| Gain on sale of business | (127,211) | — | — |
| Other, net | 9,450 | (9,515) | (2,138) |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (166,709) | (100,803) | 323,503 |
| Inventories | 173,517 | 54,102 | 521,281 |
| Accounts payable | 26,713 | (2,303) | (111,992) |
| Income taxes | (47,321) | 9,366 | (156,198) |
| Accrued liabilities | (85,677) | 48,847 | 27,539 |
| Operating lease right-of-use assets and liabilities | (350,496) | (353,661) | (374,063) |
| Other assets and liabilities | (39,555) | 23,686 | (107,967) |
| Cash provided by operating activities - continuing operations | 671,274 | 438,489 | 884,714 |
| Cash provided by operating activities - discontinued operations | — | 26,747 | 129,867 |
| Cash provided by operating activities | 671,274 | 465,236 | 1,014,581 |
| INVESTING ACTIVITIES | |||
| Proceeds from sale of businesses, net of cash sold | 600,524 | 1,506,223 | — |
| Proceeds from sale of assets | 868 | 88,234 | 26,525 |
| Capital expenditures | (114,707) | (86,274) | (135,762) |
| Software purchases | (51,099) | (39,749) | (61,483) |
| Other, net | (28,490) | (35,930) | 12,038 |
| Cash provided (used) by investing activities - continuing operations | 407,096 | 1,432,504 | (158,682) |
| Cash used by investing activities - discontinued operations | — | (4,413) | (13,576) |
| Cash provided (used) by investing activities | 407,096 | 1,428,091 | (172,258) |
| FINANCING ACTIVITIES | |||
| Net increase (decrease) in short-term borrowings | (2,322) | (252,023) | 255,146 |
| Payments on long-term debt | (582,813) | (1,751,109) | (908,199) |
| Payment of debt issuance costs | (12,601) | — | (576) |
| Cash dividends paid | (140,744) | (140,165) | (303,140) |
| Proceeds from issuance of Common Stock, net of (payments) for tax withholdings | 699 | (2,730) | (2,846) |
| Cash used by financing activities | $(737,781) | $(2,146,027) | $(959,615) |
Continued on next page.
F-8 VF Corporation Fiscal 2026 Form 10-K
Consolidated Statements of Cash Flows
| Year Ended March | |||
|---|---|---|---|
| (In thousands) | 2026 | 2025 | 2024 |
| Effect of foreign currency rate changes on cash, cash equivalents and restricted cash | $60,280 | $7,218 | $(22,069) |
| Net change in cash, cash equivalents and restricted cash | 400,869 | (245,482) | (139,361) |
| Cash, cash equivalents and restricted cash — beginning of year | 431,475 | 676,957 | 816,318 |
| Cash, cash equivalents and restricted cash — end of year | $832,344 | $431,475 | $676,957 |
| Balances per Consolidated Balance Sheets: | |||
| Cash and cash equivalents | $823,943 | $429,382 | $656,376 |
| Other current assets | 8,401 | 2,093 | 2,221 |
| Current and other assets of discontinued operations | — | — | 18,351 |
| Other assets | — | — | 9 |
| Total cash, cash equivalents and restricted cash | $832,344 | $431,475 | $676,957 |
VF Corporation Fiscal 2026 Form 10-K F-9
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