KOHLS Corp
For the period ended Feb 1, 2025. Filed Mar 20, 2025.
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FY2025 · Filed Mar 20, 2025
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) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Operating activities | |||
| Net income (loss) | $109 | $317 | $(19) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||
| Depreciation and amortization | 743 | 749 | 808 |
| Share-based compensation | 30 | 42 | 30 |
| Deferred income taxes | (85) | (8) | (84) |
| Impairments, store closing, and other costs | 36 | — | — |
| Non-cash lease expense | 89 | 92 | 106 |
| Other non-cash expense | 1 | 6 | 30 |
| Changes in operating assets and liabilities: | |||
| Merchandise inventories | (60) | 315 | (116) |
| Other current and long-term assets | (50) | 11 | 87 |
| Accounts payable | (92) | (196) | (353) |
| Accrued and other long-term liabilities | 20 | (67) | (99) |
| Operating lease liabilities | (93) | (93) | (108) |
| Net cash provided by operating activities | 648 | 1,168 | 282 |
| Investing activities | |||
| Acquisition of property and equipment | (466) | (577) | (826) |
| Proceeds from sale of real estate | 6 | 26 | 43 |
| Other | (7) | (11) | — |
| Net cash used in investing activities | (467) | (562) | (783) |
| Financing activities | |||
| Net borrowings under revolving credit facility | 198 | 7 | 85 |
| Deferred financing costs | — | — | (6) |
| Treasury stock purchases | — | — | (658) |
| Shares withheld for taxes on vested restricted shares | (10) | (16) | (21) |
| Dividends paid | (222) | (220) | (239) |
| Repayment of long-term borrowings | (113) | (275) | — |
| Premium paid on redemption of debt | (5) | — | — |
| Finance lease and financing obligation payments | (79) | (93) | (106) |
| Proceeds from financing obligations | 1 | 21 | 11 |
| Proceeds from stock option exercises | — | — | 1 |
| Net cash used in financing activities | (230) | (576) | (933) |
| Net (decrease) increase in cash and cash equivalents | (49) | 30 | (1,434) |
| Cash and cash equivalents at beginning of period | 183 | 153 | 1,587 |
| Cash and cash equivalents at end of period | $134 | $183 | $153 |
| Supplemental information | |||
| Interest paid, net of capitalized interest | $312 | $331 | $284 |
| Income taxes paid | 78 | 69 | 111 |
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