KOHLS Corp
For the period ended Feb 3, 2024. Filed Mar 21, 2024.
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FY2024 · Filed Mar 21, 2024
KSS$24.75-0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
| (Dollars in Millions) | 2023 | 2022 | 2021 |
|---|---|---|---|
| Operating activities | |||
| Net income (loss) | $317 | $(19) | $938 |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||
| Depreciation and amortization | 749 | 808 | 838 |
| Share-based compensation | 42 | 30 | 48 |
| Deferred income taxes | (8) | (84) | (92) |
| Loss on extinguishment of debt | — | — | 201 |
| Non-cash lease expense | 92 | 106 | 139 |
| Other non-cash expense | 6 | 30 | 12 |
| Changes in operating assets and liabilities: | |||
| Merchandise inventories | 315 | (116) | (467) |
| Other current and long-term assets | 11 | 87 | 569 |
| Accounts payable | (196) | (353) | 206 |
| Accrued and other long-term liabilities | (67) | (99) | 21 |
| Operating lease liabilities | (93) | (108) | (142) |
| Net cash provided by operating activities | 1,168 | 282 | 2,271 |
| Investing activities | |||
| Acquisition of property and equipment | (577) | (826) | (605) |
| Proceeds from sale of real estate | 26 | 43 | 35 |
| Other | (11) | — | — |
| Net cash used in investing activities | (562) | (783) | (570) |
| Financing activities | |||
| Proceeds from issuance of debt | — | — | 500 |
| Net borrowings under revolving credit facility | 7 | 85 | — |
| Deferred financing costs | — | (6) | (8) |
| Treasury stock purchases | — | (658) | (1,355) |
| Shares withheld for taxes on vested restricted shares | (16) | (21) | (27) |
| Dividends paid | (220) | (239) | (147) |
| Repayment of long-term borrowings | (275) | — | (1,044) |
| Premium paid on redemption of debt | — | — | (192) |
| Finance lease and financing obligation payments | (93) | (106) | (125) |
| Proceeds from financing obligations | 21 | 11 | 15 |
| Proceeds from stock option exercises | — | 1 | 1 |
| Other | — | — | (3) |
| Net cash used in financing activities | (576) | (933) | (2,385) |
| Net increase (decrease) in cash and cash equivalents | 30 | (1,434) | (684) |
| Cash and cash equivalents at beginning of period | 153 | 1,587 | 2,271 |
| Cash and cash equivalents at end of period | $183 | $153 | $1,587 |
| Supplemental information | |||
| Interest paid, net of capitalized interest | $331 | $284 | $246 |
| Income taxes paid | 69 | 111 | 370 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.