ABERCROMBIE FITCH CO DE
For the period ended Feb 3, 2024. Filed Apr 1, 2024.
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FY2024 · Filed Apr 1, 2024
ANF$154.00+0.8%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
Consolidated Statements of Cash Flows
(Thousands)
| Fiscal 2023 | Fiscal 2022 | Fiscal 2021 | |
|---|---|---|---|
| Operating activities | |||
| Net income | $335,413 | $10,385 | $270,066 |
| Adjustments to reconcile net income to net cash provided by (used for) operating activities: | |||
| Depreciation and amortization | 141,104 | 132,243 | 144,035 |
| Asset impairment | 8,289 | 14,031 | 12,100 |
| Loss on disposal | 6,408 | 552 | 5,020 |
| (Benefit) provision for deferred income taxes | (4,743) | 11,500 | (31,922) |
| Share-based compensation | 40,122 | 28,995 | 29,304 |
| Loss (gain) on extinguishment of debt | 1,975 | (52) | 5,347 |
| Changes in assets and liabilities | |||
| Inventories | 35,043 | 18,505 | (123,221) |
| Accounts payable and accrued expenses | 82,925 | (115,152) | 77,910 |
| Operating lease right-of use assets and liabilities | (55,646) | (18,495) | (93,827) |
| Income taxes | 35,806 | (7,390) | (3,086) |
| Other assets | 33,623 | (86,923) | 396 |
| Other liabilities | (6,897) | 9,458 | (14,340) |
| Net cash provided by (used for) operating activities | 653,422 | (2,343) | 277,782 |
| Investing activities | |||
| Purchases of property and equipment | (157,797) | (164,566) | (96,979) |
| Proceeds from the sale of property and equipment | 615 | 11,891 | — |
| Withdrawal of funds from Rabbi Trust assets | — | 12,000 | — |
| Net cash used for investing activities | (157,182) | (140,675) | (96,979) |
| Financing activities | |||
| Purchase of senior secured notes | (77,972) | (7,862) | (46,969) |
| Payment of debt issuance costs and fees | (180) | (181) | (2,016) |
| Purchases of common stock | — | (125,775) | (377,290) |
| Other financing activities | (33,049) | (21,511) | (20,623) |
| Net cash used for financing activities | (111,201) | (155,329) | (446,898) |
| Effect of foreign currency exchange rates on cash | (2,923) | (8,452) | (23,694) |
| Net increase (decrease) in cash and equivalents, and restricted cash and equivalents | 382,116 | (306,799) | (289,789) |
| Cash and equivalents, and restricted cash and equivalents, beginning of period | 527,569 | 834,368 | 1,124,157 |
| Cash and equivalents, and restricted cash and equivalents, end of period | $909,685 | $527,569 | $834,368 |
| Supplemental information related to non-cash activities | |||
| Purchases of property and equipment not yet paid at end of period | $35,568 | $57,313 | $29,932 |
| Operating lease right-of-use assets additions, net of terminations, impairments and other reductions | $155,184 | $269,430 | $29,241 |
| Supplemental information related to cash activities | |||
| Cash paid for interest | $24,891 | $26,687 | $28,413 |
| Cash paid for income taxes | $120,448 | $53,011 | $74,709 |
| Cash received from income tax refunds | $1,843 | $3,701 | $2,292 |
| Cash paid for amounts included in measurement of operating lease liabilities | $296,834 | $263,269 | $364,842 |
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