Bath Body Works Inc
For the period ended Feb 3, 2024. Filed Mar 22, 2024.
View on SEC.govAbout this filing
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.
FY2024 · Filed Mar 22, 2024
BBWI$21.65-0.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in millions)
| 2023 | 2022 | 2021 | |
|---|---|---|---|
| Operating Activities | |||
| Net Income | $878 | $800 | $1,333 |
| Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: | |||
| Depreciation of Long-lived Assets | 269 | 221 | 363 |
| (Gain) Loss on Extinguishment of Debt | (34) | — | 195 |
| Share-based Compensation Expense | 43 | 38 | 46 |
| Deferred Income Taxes | (128) | 17 | 45 |
| Impairment of Equity Method Investment | 8 | — | — |
| Changes in Assets and Liabilities: | |||
| Accounts Receivable | 2 | 11 | (64) |
| Inventories | (2) | — | (177) |
| Accounts Payable, Accrued Expenses and Other | (109) | 44 | (86) |
| Income Taxes Payable | 34 | 39 | (72) |
| Other Assets and Liabilities | (7) | (26) | (91) |
| Net Cash Provided by Operating Activities | $954 | $1,144 | $1,492 |
| Investing Activities | |||
| Capital Expenditures | $(298) | $(328) | $(270) |
| Other Investing Activities | 12 | — | 11 |
| Net Cash Used for Investing Activities | $(286) | $(328) | $(259) |
| Financing Activities | |||
| Payments for Long-term Debt | $(447) | $— | $(1,716) |
| Proceeds from Spin-Off of Victoria’s Secret & Co. | — | — | 976 |
| Transfers and Payments to Victoria’s Secret & Co. related to Spin-Off | (3) | (25) | (376) |
| Repurchases of Common Stock | (148) | (1,312) | (1,964) |
| Dividends Paid | (182) | (186) | (120) |
| Proceeds from Stock Option Exercises | 4 | 6 | 83 |
| Tax Payments related to Share-based Awards | (11) | (32) | (59) |
| Payments of Finance Lease Obligations | (15) | (9) | (12) |
| Other Financing Activities | (13) | (4) | — |
| Net Cash Used for Financing Activities | $(815) | $(1,562) | $(3,188) |
| Effects of Exchange Rate Changes on Cash and Cash Equivalents | $(1) | $(1) | $1 |
| Net Decrease in Cash and Cash Equivalents | (148) | (747) | (1,954) |
| Cash and Cash Equivalents, Beginning of Year | 1,232 | 1,979 | 3,933 |
| Cash and Cash Equivalents, End of Year | $1,084 | $1,232 | $1,979 |
The cash flows related to discontinued operations have not been segregated. Accordingly, the Consolidated Statements of Cash Flows include the results from continuing and discontinued operations.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.