AMERICAN EAGLE OUTFITTERS INC
For the period ended Feb 3, 2024. Filed Mar 15, 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 15, 2024
AEO$21.48-1.2%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 Statem ents of Cash Flows
| Fiscal Years Ending | |||
|---|---|---|---|
| February 3, | January 28, | January 29, | |
| (In thousands) | 2024 | 2023 | 2022 |
| Operating activities: | |||
| Net income | $170,038 | $125,136 | $419,629 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 235,213 | 212,499 | 171,151 |
| Share-based compensation | 51,067 | 38,986 | 38,153 |
| Deferred income taxes | (43,456) | 31,049 | (12,850) |
| Impairment of assets | 116,365 | 20,633 | 11,944 |
| Exchange of convertible senior notes | — | 60,341 | — |
| Changes in assets and liabilities: | |||
| Accounts receivable | (5,820) | 43,851 | (117,840) |
| Merchandise inventory | (46,304) | (38,364) | (147,140) |
| Operating lease assets | 230,659 | 345,798 | 296,652 |
| Operating lease liabilities | (326,571) | (361,142) | (352,547) |
| Other assets | 17,473 | 26,280 | (16,312) |
| Accounts payable | 33,432 | 2,019 | (36,192) |
| Accrued compensation and payroll taxes | 100,223 | (90,114) | (1,412) |
| Accrued and other liabilities | 48,391 | (10,676) | 50,435 |
| Net cash provided by operating activities | 580,710 | 406,296 | 303,671 |
| Investing activities: | |||
| Acquisitions of businesses, net of cash acquired | — | — | (358,151) |
| Capital expenditures for property and equipment | (174,437) | (260,378) | (233,847) |
| Purchase of available-for-sale investments | (100,000) | — | (75,000) |
| Sale of available-for-sale investments | — | — | 75,000 |
| Other investing activities | (12,995) | (997) | (2,603) |
| Net cash (used for) investing activities | (287,432) | (261,375) | (594,601) |
| Financing activities: | |||
| Accelerated share repurchase | — | (200,000) | — |
| Principal paid in connection with exchange of convertible senior notes due 2025 | — | (136,419) | — |
| Cash dividends paid | (83,825) | (64,767) | (113,945) |
| Repurchase of common stock from employees | (10,666) | (9,780) | (24,018) |
| Repurchase of common stock as part of publicly announced programs | (20,261) | — | — |
| Net proceeds from stock options exercised | 7,646 | 2,089 | 13,065 |
| Proceeds from revolving line of credit and convertible senior notes, net | 30,000 | — | — |
| Principal payments on revolving line of credit | (30,000) | — | — |
| Other financing activities | (2,368) | 984 | (299) |
| Net cash (used for) financing activities | (109,474) | (407,893) | (125,197) |
| Effect of exchange rates on cash | 81 | (1,589) | 420 |
| Net change in cash and cash equivalents | 183,885 | (264,561) | (415,707) |
| Cash and cash equivalents - beginning of period | $170,209 | $434,770 | $850,477 |
| Cash and cash equivalents - end of period | 354,094 | 170,209 | 434,770 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.