AMERICAN EAGLE OUTFITTERS INC
For the period ended Feb 1, 2025. Filed Mar 20, 2025.
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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.
FY2025 · Filed Mar 20, 2025
AEO$21.48-1.2%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statem ents of Cash Flows
| Fiscal Years Ending | |||
|---|---|---|---|
| February 1, | February 3, | January 28, | |
| (In thousands) | 2025 | 2024 | 2023 |
| Operating activities: | |||
| Net income | $329,380 | $170,038 | $125,136 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 220,525 | 235,213 | 212,499 |
| Share-based compensation | 39,606 | 51,067 | 38,986 |
| Deferred income taxes | 9,748 | (43,456) | 31,049 |
| Impairment of assets | 6,353 | 116,365 | 20,633 |
| Exchange of convertible senior notes | — | — | 60,341 |
| Changes in assets and liabilities: | |||
| Accounts receivable | (15,629) | (5,820) | 43,851 |
| Merchandise inventory | (21,363) | (46,304) | (38,364) |
| Operating lease assets | 251,204 | 230,659 | 345,798 |
| Operating lease liabilities | (280,036) | (326,571) | (361,142) |
| Other assets | (30,354) | 17,473 | 26,280 |
| Accounts payable | 15,907 | 33,432 | 2,019 |
| Accrued compensation and payroll taxes | (38,050) | 100,223 | (90,114) |
| Accrued and other liabilities | (10,493) | 48,391 | (10,676) |
| Net cash provided by operating activities | 476,798 | 580,710 | 406,296 |
| Investing activities: | |||
| Capital expenditures for property and equipment | (222,538) | (174,437) | (260,378) |
| Sale of available-for-sale investments | 100,000 | — | — |
| Purchase of available-for-sale investments | (50,000) | (100,000) | — |
| Purchase of equity method investment | (35,000) | — | — |
| Other investing activities | (9,972) | (12,995) | (997) |
| Net cash (used for) investing activities | (217,510) | (287,432) | (261,375) |
| Financing activities: | |||
| Accelerated share repurchase | — | — | (200,000) |
| Principal paid in connection with exchange of convertible senior notes due 2025 | — | — | (136,419) |
| Cash dividends paid | (96,455) | (83,825) | (64,767) |
| Repurchase of common stock as part of publicly announced programs | (190,912) | (10,666) | (9,780) |
| Repurchase of common stock from employees | (13,769) | (20,261) | — |
| Net proceeds from stock options exercised | 3,841 | 7,646 | 2,089 |
| Proceeds from revolving line of credit | — | 30,000 | — |
| Principal payments on revolving line of credit | — | (30,000) | — |
| Other financing activities | (4,614) | (2,368) | 984 |
| Net cash (used for) financing activities | (301,909) | (109,474) | (407,893) |
| Effect of exchange rates on cash | (2,511) | 81 | (1,589) |
| Net change in cash and cash equivalents | (45,132) | 183,885 | (264,561) |
| Cash and cash equivalents - beginning of period | $354,094 | $170,209 | $434,770 |
| Cash and cash equivalents - end of period | 308,962 | 354,094 | 170,209 |
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